Conveyancing Quotation

Getting a quote for conveyancing services

Before appointing a conveyancer to deal with the legal side of your property transaction, they should provide you with a quotation to outline the costs of the procedure. The total fee payable for conveyancing comprises a number of different elements which should all be enumerated in the quotation that you are given. The overall sum for conveyancing is dependent on a number of factors and will vary according to the type of transaction that you are undergoing.

Composition of conveyancing quotations

A conveyancing quote will be made up of 2 elements, namely the solicitor’s basic fee and disbursements.

Conveyancing solicitors generally charge their basic fee in 3 ways, which are:

• Fixed fee (i.e. the price is set before any work starts)
• Using a scale where the cost is proportional to the value of the property
• Per hour (this can end up being very expensive)

The second of these is the most common.

Disbursements are costs that the solicitor has incurred by paying other organisations for services on your behalf. Among the things that might fall under disbursements are the following:

• Land registry copies
• Telegraphic transfer fee
• Bankruptcy search
• Local authority searches
• Drainage search
• Chancel Repair Liability search
• Environmental search
• Land Registration fee
• Stamp Duty

It is a common ploy for companies to add on fictitious disbursements for services which are usually part of the basic fee. This is to give the impression that there service is cheap, but can often mean the opposite in reality. Thus very cheap basic solicitor’s fees should be viewed with suspicion.

Online Quotations

These days many organisations give you the option of applying for a conveyancing quote over the internet.  One advantage of these is that the quotation is with you quicker and it is easier to swiftly accumulate a number of offers from different companies for means of comparison.

Our guide to restrictive covenants

Property covenants are promises that come with the property binding the owner. The law surrounding property covenants is mostly based on precedent.

Some information on breach of contract

If you are in the process of buying or selling a property and think the other party is in breach of contract, there are laws clearly laid out to protect you.

The best way to find conveyancing solicitors

If you are purchasing a piece of property, whether as a home or for business purposes, you may need a professional conveyancing solicitor.