How Much are Solicitors’ Fees for Buying and Selling a House?
PLEASE NOTE: Information in this article is correct at the time of publication, please contact DFA Law for current advice on older articles.
Solicitors’ fees for buying and selling a house are often referred to as conveyancing fees. Conveyancing is the process of transferring the legal title of a property from one property owner to another, usually beginning when an offer is accepted and continuing until the sale is complete. They will handle the contract exchange, negotiating any details, liaise with the Land Registry and arrange for the payment of stamp duty, among other services.
Solicitor costs for selling a house
There are a few factors to consider when considering solicitor costs for selling a house. The size of the property, its value, the type of property (e.g. a flat or a house) and whether the property is leasehold or freehold can all have an impact on the fees. If there are any complications, such as issues with a lease or problems with the land, this can also impact fees.
Additional fees may be incurred if you do not have relevant guarantees, permissions or consents and an indemnity insurance policy may be required to account for these, and these are usually an expense borne by the seller. For a guide on what you can expect to pay, view our pricing here.
When do you pay solicitor fees when selling a house?
You should expect to pay solicitors’ fees for selling a house upon completion of the transaction. It is usual for solicitors fees to be deducted from the net proceeds of sale and once any mortgages have been redeemed and estate agents fees paid.
What if the house sale does not complete?
This will depend on your agreement with the solicitor providing the conveyancing services. Typically, any fees incurred will reflect the stage of the process that the sale is at and be a pro-rated amount of any fixed fee.
DFA Law can provide you with a personal service for buying and selling a house. We would be happy to answer any questions you have around our fees and are here to help make the process as stress-free as possible.
Contact DFA Law on 01604 609560 or you can fill out our form to find out more.