The process of buying and selling property can be notoriously stressful and at times confusing. With mortgage applications and offers to negotiate, estate agents to deal with and then solicitor and conveyancing costs to work out, there’s a lot to get your head around.
How much should a conveyancer cost?
Conveyancing prices differ hugely and can often lead to confusion and in many cases, nasty surprises. Conveyancing costs are dependant on a property’s value, so someone looking to purchase a house worth £300,000 can expect to pay more than for a property valued at £125,000. However, this doesn’t help the average property buyer/seller when looking for a conveyancing solicitor.
With some firms offering staggeringly low costs such as £250.00, the public can be blindsided and easily lured by these apparently low and attractive prices. However, these kind of figures are just not achievable. Many will find there are lots of hidden extras with these low prices, with some law firms even charging for each letter written, email sent or phone call made, photocopying and postage. That initial low price will quickly mount up!
A more sensible average conveyancing figure for a residential property worth £200,000 is around the £800.00 +VAT mark. This may seem much higher than the aforementioned £250.00 but here’s how it breaks down:
What is conveyancing?
Conveyancing describes the legal transfer of property, from seller to buyer and covers a whole plethora of tasks.
Your solicitor will carry out various investigations and searches for you and your mortgage lender to establish if there are any issues with the property and can advise you of what actions to take. For example there may be planning constraints or permissions on the property which will need to be addressed before you purchase it. Searches could find the property is in a known flood risk area or built on an old mining site which could over time affect the structural stability of your new property.
Your conveyancing solicitor will help you to resolve any property-related legal issues revealed by the searches or surveys. Your solicitor will make all the necessary legal enquiries with the seller’s solicitor and investigate the title of the property.
Law firms offering low conveyancing prices won’t have included the cost for searches in their quote, stamp duty costs, land registry fees or what is known as disbursement costs – the levy for handling your deposit money from you to the mortgage lender and the full value of the property from the lender to the seller.
Conveyancing services from Wrigley Claydon
At Wrigley Claydon, we are very upfront about our conveyancing costs and what is included and what isn’t. Our quotes are for the full conveyancing service +VAT. We do not charge extras and there are no hidden fees. What we quote is what you will pay, unless of course, any further legal action needs to be taken as a result of any searches. In this instance you will be informed of any additional costs before they are carried out.
Our conveyancing prices are very competitive in Oldham and across Greater Manchester. We are significantly lower than many city centre firms by an average of £200-300 and can offer attractive conveyancing costs to those looking to buy or sell property in the more affluent areas of South Manchester. Conveyancing prices in South Manchester are higher than we charge. No matter where you are buying or selling a property, the process is the same, and we believe conveyancing prices should be too. We offer a more personal service to all our clients in that you will have direct contact with your legal representative throughout the transaction and will not be passed to different people at different stages of the conveyancing process.
For a competitive and fully inclusive South Manchester conveyancing quote, or anywhere else for that matter, please contact our conveyancing solicitors on 0161 624 6811.
Vijay Srivastava
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