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Do conveyancing fees change from the quote depending on price of the property?

12 replies

CrapBag · 26/02/2014 16:31

I got some quotes based on a house we were hoping to buy. This house was very cheap, other houses we are looking at are much more expensive. Will the conveyancing quotes I got be different based on a more expensive house? The quotes included fees, all searches and VAT.

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Crutchlow35 · 26/02/2014 18:49

I am not sure about England but yes, in Scotland definitely. Registering title deeds and security fees are dependent on price, as it stamp duty, if applicable.

The actual legal work fee can increase too. Our fees increase per £50k.

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CrapBag · 26/02/2014 21:34

Ah OK, I am in England and I know things are different in Scotland but seeing how they ask how much the property you are buying is, I was guessing its a yes. Although they could just be seeing if stamp duty is payable.

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Seabright · 27/02/2014 00:24

Yes, generally they will. I have a sliding scale of fees.

And leaseholds are always more expensive than freeholds, even though they are usually lower priced, because they involve much more work.

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dysontrasher · 27/02/2014 09:46

Can I ask how much my DD should expect to pay on a one bed flat pourchase of £275,000 999 year lease please? Thank you

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Seabright · 27/02/2014 14:20

Hi, I'm at home at the moment, so don't have my fee schedule with me, but if I recall correctly, I think I'd quote around £900 + VAT + searches (about £375) + Stamp Duty Land Tax + Land Registry fees + Freeholder's fees.

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dysontrasher · 01/03/2014 11:04

Thank you seabright

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SweetCicely · 01/03/2014 16:19

I just bought a freehold house for £200k and paid £300 plus VAT, searches, SDLT and Land Registry fees, if it helps. All of the quotes I got for the actual conveyancing were in the range of £300-£350 plus VAT. I'd expect leasehold to be more expensive.

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specialsubject · 01/03/2014 16:43

yes, in England. Reasonable rates are about 0.1 % if I have my decimal point right, i.e about £500 plus VAT for sale on a £500k house. This excludes search fees,land registry fee and of course stamp duty.

will cost more for freehold and a bit more for buying which can be more work. They should do 'no complete no fee' if you let them do the next one.

try reallymoving.com. Too little is an incompetent conveyancing house, too much is an equally incompetent and pig-slow high street firm. Your solicitor does not need to be nearby, just organised, efficient and contactable.

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CelticPromise · 01/03/2014 21:29

Can I ask why? Does the price of the house make a difference to the work done?

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specialsubject · 02/03/2014 10:12

in my position as not-a-solicitor - no, of course it doesn't. Any more than it makes more work for the estate agent but they also charge on percentage.

that said, on my last sale the agent really earned his money keeping the chain going.

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CelticPromise · 02/03/2014 10:49

That's what I thought- I am a solicitor in a completely different area. I'm pretty sure we don't pay our conveyancing solicitor a percentage, it's a flat fee.

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duncanpatt · 16/08/2016 11:52

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