Last year, the government introduced a stamp duty holiday in an attempt to keep the property market moving through the lockdown. The changes meant that some homebuyers were able to to benefit from a £500,000 tax-free threshold, up from £125,000...
If you are in the process of buying or selling a house, it is likely that you will be researching residential conveyancing quotes and deciding which solicitor is right for you. Here at Stephensons, we have a wealth of experience within residential conveyancing and we are happy to provide you with a solicitor conveyancing quote to suit your specific needs.
Generate your free conveyancing quote by selecting the service you require from the options below:
Our free online conveyancing fees calculator takes just a few seconds to fill out and you can receive an instant quote for conveyancing costs, based on the information that you provide. With our conveyancing costs calculator, you can choose from a variety of options, depending on whether you are buying, selling (or both at the same time), remortgaging or wanting a transfer of equity service.
What are conveyancing fees?
Conveyancing fees are the amount of money that you will need to pay a conveyancing solicitor to handle the legal requirements of a property purchase or sale. Some conveyancing fees may only apply to sellers and some need to be paid by buyers.
The conveyancing fees you pay will include the required legal searches that the solicitor orders on your behalf, such as with the local authority to check on any nearby development plans that could negatively impact your property’s value.
How long does conveyancing take?
The average time that conveyancing takes is approximately 8-12 weeks, but in some cases, can be done much quicker, depending on the circumstances of the property and the speed of response to the legal searches carried out.
Whilst the conveyancing process can sometimes take just a few weeks, if the circumstances of the property are complex, or the searches done are not returned quickly or there are other delays by other parties that your solicitor can’t control, conveyancing can sometimes take significantly longer.
How much does conveyancing cost?
Conveyancing fees can vary somewhat but will typically range between £750 – £1,800. It’s not recommended that you choose a conveyancing solicitor purely based on the estimated cost of their services, but take into account their reputation too.
You can usually get an online conveyancing quote from solicitors, but we aware that these are estimated costs only, and if there ends up being more legal work required than first thought, these fees could rise.
Using experienced conveyancing solicitors can actually end up costing you less, even if the initial quote for conveyancing isn’t the lowest. Their expertise could save money in the long run by helping get the transaction over the line quicker or dealing with any issues along the way more easily due to their experience in this area. Feel free to ask several service providers for conveyancing solicitor’s quotes before you make a decision on who to instruct.
Why does the cost vary in conveyancing?
The cost varies so much in conveyancing because every property sale or purchase is unique and can have a number of different issues to overcome. E.g. a property near a river or an area that has been mined could need extra searches and legal work to be done.
If your property is leasehold rather than freehold, this could mean that your conveyancing costs are higher, and selling a property can sometimes cost less in conveyancing fees than purchasing one. For buyers, it should also be noted that any stamp duty (SDLT) that is due will be on top of the conveyancing fees.
When will I need to pay the conveyancer?
Searches and any other disbursements will need to be paid as and when required during the process. The remaining funds, including legal fees will be requested when we are in a position to exchange.