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

(13 Posts)
CrapBag Wed 26-Feb-14 16:31:59

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.

Crutchlow35 Wed 26-Feb-14 18:49:48

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.

CrapBag Wed 26-Feb-14 21:34:35

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.

Seabright Thu 27-Feb-14 00:24:13

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.

dysontrasher Thu 27-Feb-14 09:46:27

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

Seabright Thu 27-Feb-14 14:20:48

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.

dysontrasher Sat 01-Mar-14 11:04:13

Thank you seabright

SweetCicely Sat 01-Mar-14 16:19:42

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.

specialsubject Sat 01-Mar-14 16:43:45

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 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.

CelticPromise Sat 01-Mar-14 21:29:00

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

specialsubject Sun 02-Mar-14 10:12:45

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.

CelticPromise Sun 02-Mar-14 10:49:33

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.

duncanpatt Tue 16-Aug-16 11:52:30

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

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