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Solicitors Fees

Fees for conveyancing work vary, so it's a good idea to obtain at least three quotes from different companies. Make sure that you know what costs the quote includes. You will usually be charged for the solicitor's time, phone calls, letters and faxes and their indemnity fee. They may state that if any unforeseen problems arise these will be dealt with through an extra charge.



For a property costing 100,000, you should expect to pay about 550 in solicitor's fees. However, the cost will also depend on whether your property is leasehold or freehold. Leasehold properties will cost more as they involve additional work checking the lease.


Most solicitors will ask for payment of land registry and local authority search fees in advance. The balance will be due when you've completed on your home.



Don't be tempted to opt for solicitors that are offering a 'cheap deal'. This could mean that they are dealing with many clients, which will more often than not result in a slow service.



Once you've chosen a solicitor they will ask to see some form of identification, such as a passport or driving licence, and your mortgage lender's details.


 

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