By Frances Traynor
19th October 2017
Wed 18 Oct 2017 by Ellie Pierpoint
Price is everything, or it is when you’re already forking out hundreds of thousands on a property! But how do you know if your conveyancing solicitor is good value? And is cheapest always best? We’ve tackled the top price related questions here for you so you can make sure you get the best conveyancing deal available.
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Good question, but unfortunately there’s no simple answer. Depending on the location of your property, environmental searches may be more or less - if you’re in Wales you might need extra searches for mining for example, also the value of your home will affect the cost of buying and selling, and each solicitor will charge a slightly different amount, particularly when you compare a city-based firm to one in the countryside. In general, you can expect to pay between £500-1,200, but this may increase if your property has any special conditions. The best thing you can do is get a few quotes and compare. You can see what a very reasonable quote (with Fixed Fees and a No Move No Fee guarantee) looks like here.
Again, this depends on your location and how much you need them to do. A London property may cost more than one in the countryside. In addition, certain conditions will increase your solicitor’s bill, like leasehold properties, as this will require your solicitor to do more paperwork and charge accordingly.
If you compare one of our quotes with a number of other solicitors – perhaps even using a conveyancing solicitor search engine – you will see what the average price is. Remember to always opt for ‘Fixed Fees’ as this means that the quote you are given at the beginning will be the amount you pay at the end. Some less reputable companies will quote you a price that sounds too good to be true, the quote won’t have any searches or extra necessary costs listed but these will be added on at the very end without your knowledge, often making the package much more expensive than others with up front and transparent costs.
It’s ultimately up to you to decide if your solicitor is too expensive. If you have a Fixed Fee offer with a ‘No Move, No Fee’ guarantee (meaning if the purchase falls through, the conveyancing on your next property is free) and everything is listed clearly in the quote (searches, Land Registry, registrations and verifications, VAT) then you have a good quote, and you can compare it to other good quotes to find the best deal. Just remember that cheapest is not always best, and you might do better going with a reputable company who charge a little more to save on time and money in the long run. For an in-depth and competitive quote like the one we've described above, click here, or call us on 0800 038 6699.