Conveyancing Fees: Are you Paying Too Much?

The following article is a guest post.  If interested in submitting a guest post, please read my guest posting policy and then contact me.

Conveyancing fees are not set in stone and the chances are the fees you have been quoted will depend on your specific situation. So what exactly does affect conveyancing fees?

Online Vs High Street Conveyancers

Simply put, the price of conveyancing fees will differ depending on the company you choose. You can save money just by taking your conveyancing needs online. Not only is it easier to compare conveyancing quotes online but companies like Quick Move Conveyancing can offer customers lower rates as they have fewer overheads than bricks and mortar companies.

The Price of your Property

The price of your property is another thing that can affect the price of conveyancing fees. The more expensive your property is, the higher the fee will be.

Are you Buying or Selling a Property?

The fees differ depending on whether you are buying or selling a property.

When you sell a property you will have to pay the following:

• A Basic Solicitor Fee

• Land Registry Office Copies

• Telegraphic Transfer Fee

When you buy a property you will have to pay the following:

• A Basic Solicitor Fee

• Bankruptcy Search

• Chancel Repair Liability Search

• Drainage Search

• Environmental Search

• Land Registry Office Copies

• Local Authority Searches

• Stamp Duty Tax

There are more aspects involved in conveyancing fees when buying a property but the main points are listed above.

Avoid Hidden Conveyancing Costs

Track All Your Accounts With Personal Capital

Personal Capital lets you see all of your accounts in one convenient place.  Sign up now for free.

Buying and selling a home can cost a fortune and therefore the last thing you want is to be stung with hidden conveyancing fees. Knowledge is power in this situation and simply knowing what is factored in to a conveyancing fee can put you in a powerful position. Do your research online before approaching a conveyancing specialist and don’t be afraid to ask them for a breakdown of the costs involved. With so much paperwork involved in the conveyancing process, it can be easy to get confused. No matter how much information you have to take in during this process, it is essential that you read all of the small print as there could be crucial information mentioned that could mean you have to pay out more. Making sure that the conveyancer you choose is a member of The Conveyancing Association can ensure that they are trustworthy.