The solicitor’s fee typically covers all legal work required for your transaction, including drafting contracts, conducting searches, and liaising with other parties involved in the sale or purchase.
Conveyancing services
Understanding conveyancing fees
Navigating the conveyancing process involves various costs that you need to be aware of to budget effectively. At Nationwide Conveyancers, we believe in transparency and providing clear information about the costs involved. This page will break down the typical legal costs and other associated fees, ensuring you have a comprehensive understanding of what to expect.
Conveyancing fees
When you hire a conveyancer, you are paying for their expertise and the legal work required to complete your property transaction. conveyancing costs can vary depending on the complexity of the transaction and the location of the property. Typically, these costs include:
Onboarding Fees: This is the fee for gathering all information and documents from you that are required to pass the matter to the legal team. This will include ID checks as required by the anti-money laundering regulations. We use legal secretaries for onboarding rather than lawyers. This cuts the cost for you.
Professional Fees: This is the lawyer’s fee for handling your case, covering all legal work, including drafting contracts, conducting searches, and liaising with other parties.
Search Fees: These cover the cost of conducting essential property searches, such as local authority, environmental, and water and drainage searches.
Land Registration Fees: This fee is paid to the Land Registry to register the change of ownership and is based on the property's value.
VAT: Value Added Tax at the current rate is applied to the legal fees and some disbursements.
At Nationwide Conveyancers, we provide competitive, all-inclusive quotes with no hidden fees, ensuring you know exactly what to expect from the outset.
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Get a free quoteAdditional costs to consider
Beyond Lawyers' fees, there are several other costs to be aware of during the conveyancing process. Stamp Duty Land Tax (SDLT) is a significant expense, applicable to property purchases over a certain value and calculated based on the purchase price. If you are obtaining a mortgage, you may also incur arrangement and valuation fees charged by your lender.
Additionally, it’s advisable to have a property survey conducted to identify any potential issues, which will involve surveyor fees. Moving costs, including expenses for removals, packing, and storage, should also be factored into your budget. Lastly, buildings insurance will need to be arranged from the date of exchange to protect your new property.
FAQs
SDLT is calculated based on the purchase price of the property and varies according to different price thresholds and property types. Our Nationwide Conveyancers team can help you determine the exact amount you'll need to pay.
No at Nationwide Conveyancers all search fees are included in the all-inclusive quote that we provide, covering essential checks like local authority, environmental, and water and drainage searches.
Land Registration Fees are paid to the Land Registry to officially register the change of ownership. The fee amount depends on the property's value.
Yes, conveyancing costs can vary dramatically, that's why at Nationwide Conveyancers we provide you with a detailed upfront quote.
Yes, moving costs such as removals, packing, and storage are separate from conveyancing fees. Make sure to include these in your overall budget for the move.
Should any additional costs arise, our team will immediately inform you and fully explain the reasons for the extra charges. At Nationwide Conveyancers though we always aim to avoid surprises by providing clear, upfront quotes.
Testimonial
“Remortgaging my property was much easier than I expected, thanks to Nationwide Conveyancers. Their team took care of everything, explaining each step clearly. I felt confident and well-supported throughout the process.”
David Brown, Leeds
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