An estate agent will be working on commission to refer you to a conveyancing company. We provide you with a number of quotes for you to compare and choose the one that best suits your requirements.
In this page we are going to cover the topic of solicitors and licensed conveyancers fees when looking to sell a property in the UK. We will cover:
- Selling your Property - Calculate Solciitors Fees for Selling your Home
- How much are Conveyancing Fees for Selling?
- How much does it cost to sell a house Solicitors Fees?
- Why are solicitors prices for selling a property, less than buying a property?
- How much are Solicitors Fees for selling a house?
Selling your Property - Calculate Solicitors Fees for Selling your Home
When you're looking to sell a house, your home or flat, there are a number of different things you need to take into account before you can do that. One of the main costs you need to consider when selling, is something called "conveyancing". Getting a good quote for your conveyancing is essential if you don’t want it to make a big dent in your savings. The legal aspect of selling a house is very important, so you need to make sure this is something you prioritise. You can compare solicitors and conveyancers prices for selling a property using our conveyancing calculator. Simply enter a few details about the property you are selling and within 3 steps you can receive quotations from some of the best value conveyancing solicitors in the UK.
Cheap, Low Cost Conveyancing Prices for Selling a Property - What to look out for when Comparing Solicitors Fees for a Home Sale
Conveyancing is an extremely competitive business. Many quotes are designed to make you believe that they are cheaper than they really are. Accurate conveyancing quotes have two parts to them.
- The Solicitors Legal Fee or Base Legal Fee - This is to cover the time the solicitor spends on your transaction. It’s rare for solicitors to charge on a fixed cost basis. The most common way they charge is on a scale that links their payment to the value of the home that you are selling. Sometimes they may charge by the hour. You should avoid by the hour pricing if you want to be charged a fair price for this service. Conveyancing services can take up to 3 months to complete, so the charges will add up very quickly.
- Disbursements and Regulatory Government Fees - These are quite often additional fees that are imposed by the UK Government or regulatory bodies. These can include but are not limited to Land Registry Charges, Stamp Duty (SDLT), ID Checks (for anti money laundering regulation), Official Title Plans and more.
- Other Charges - Remember that you may have other outgoings such as estate agent and moving charges. An estate agent can charge upwards on 1% on the sale price of your property so this is always good to keep in mind when budgeting for your move.
How much are Conveyancing Fees for Selling?
You must always read the small print and make sure there are no hidden costs when you’re looking at conveyancing fees for selling your home. Sometimes some websites or conveyancers will charge for things that should be covered and included in the basic sale fee. They will often list these as extras or just categorise them under disbursements. This will turn your affordable conveyancing quote into something far more expensive than it needs to be. To help you find the best quote for selling your property, you should avoid solicitors and companies that hide these extra fees. You also need to make sure you’re comparing the costs accurately. For this, using a conveyancing comparison website can be helpful. You can then directly see the price and the things included in the price to help you make your decision.
When you use a trustworthy conveyancing comparison website, the fee you see is the fee you will pay. This is known as Fixed Fee Conveyancing. There will be no hidden charges, so you won’t have to deal with any nasty surprises down the line. All solicitors that are featured on a comparison site will have agreed to abide by some basic rules so that there are no disagreements. They will also agree to adhere to the standards expected of them and will usually be regulated by The Solicitors Regulation Authority (SRA) or for Licensed Conveyancers, they will be regulated by The Council for Licensed Conveyancers (CLC). They will also get to work as quickly as they possibly can. Generally a conveyancers services for selling a property will cover:
- The Sale Agreement
- Title Deeds.
- Transfer of Deeds.
- Buyer Enquiries.
- Property Information Form.
- Draft contract of Sale.
- Contract signing.
- Exchange of contracts.
- Receive Deposit.
- Transfer of money.
How much does it cost to Sell a House Solicitors Fees?
Solicitors fees usually vary dependent on the value of the property that you are looking to sell and any complications that may be involed in the sale of your property. Taking into account current market and pricing data, typically the solicitor's base legal fee will be between £475.00 - £1,000. Factors that can often affect the conveyancing price include:
- Property Tenure - Whether your property is a Freehold property OR a Leasehold property, can often impact the cost.
- Shared Ownership Schemes - If there is a shared ownership scheme involved in the sale of your house, this can often increase the solicitors charges to deal with the added paperwork and complexities involved.
- Mortgage Redemption - Some solicitors can charge an additional fee when a mortgage settlement is involved in the sale of your house or property.
Why are Solicitors Prices for Selling a Property, less than for Buying a Property?
As a seller, your duties aren’t as extensive as the buyers. However, that doesn’t make them any less important. You should always get a solicitor to agree on their charges in writing before you start anything. You can find a good solicitor by getting recommendations from people you know, searching online and reading reviews online. However, using a comparison site will allow you to see things more clearly and will allow you to find the right solicitor, at the right price to sell your home.
Calculate the Legal Cost of Selling a House
When selling a house, you have to make sure you have calculated how much it is going to cost you to sell your home. Included in those costs, will be the legal costs of selling a house, estate agents fees and removal fees. These costs can often begin to add up, so it's important to understand all of the fees and exactly what you are paying for. With the legal costs, you can instruct a conveyancer to handle your sale easily and simply online. Simply enter a few details about your property, the price you are sellling your house for and within 3 simple steps, you can obtain a fixed fee conveyancing quote direct from a solicitor that can help with the legal contracts of selling your home.
How much are Solicitors Fees for Selling a House?
In order to assist anyone looking to sell their home, we have compiled a table below that lists our solicitors average conveyancing fees for selling a property. This is a good starting pointing for producing a budget for your property sale, but also provides a good indicator when comparing conveyancing quotes for selling only online. This data has been compiled using the data held in our conveyancing network and the pricing provided by our solicitor and licensed conveyancing partners. Again, please do not use these fees as an accurate conveyancing costs for selling your home. Please ensure that you perform an actual online quote that provides you with fixed fee conveyancing. Here are some average fees for a property sale from our conveyancing network from 2017, 2018, 209 and into 2020.
|Sale Price (£)||Legal Fee||Disbursements, Land Registry & Other Fees||VAT||Total (£)||Stamp Duty (SDLT)|