These expenses are commonly referred to as ‘disbursements’ and sometimes attract VAT. The costs of selling a property typically include real estate commission and marketing fees, usually varying from 1 per cent to 3 per cent of the total sale price. Conveyancing is the process of transferring ownership of the property from one person to another, or a company or trust and the conveyancing fees are what. In addition to our legal fees, you must also pay for any expenses that we incur on your behalf. Our fees range from £335 + VAT for a freehold house up to £200,000 through to £635 + VAT for a £1,000,000 property.įor example, a remortgage of a £230,000 house would cost £435 + VAT and disbursements. On average, property purchases are dealt with within 6 to 8 weeks. The disbursements that we anticipate will be incurred in a property purchase are:ĭealing with all post-completion matters, particularly repaying any outstanding mortgages or loans. These expenses are commonly referred to as ‘disbursements’ and sometimes attract VAT. If you have SDLT or LTT to pay on the property, you will have transferred the funds to your conveyancer or solicitor before completing your purchase. Step 8 Completion (+ any other disbursements due). Our fees range from £460 + VAT for a £50,000 freehold house through to £1035 + VAT for a £1,000,000 leasehold flat.įor example, the sale of a house for £230,000 would cost £560 + VAT and disbursements. Step 5 Send your cash deposit (unless using proceeds from sale) Step 6 Exchange. On average, property purchases are dealt with within 6 to 8 weeks. Taking into account current market and pricing data, typically the solicitors base legal fee will be between 475.00 - 1,000. Where ever this becomes an issue, we would provide you with a fresh quote covering the additional work that would be required. If during the course of our transactions, we identify that the information we had at the time of providing you with your quote was incorrect or incomplete, there may be consequences with our fees and disbursements. They cover the cost of exchanging contracts, and carrying out all the steps needed. We do not anticipate any additional costs during any of our conveyancing transactions. They are a group of legal costs you will pay when buying or selling a house.
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