Whether you’re looking to begin your journey on the property ladder, or you’re a seasoned homeowner who just fancies a change, there’s no denying that buying and selling property can be both time-consuming and stressful.

Many factors that lead to the worry and stress associated with the buying and selling of homes is the financial

factor, with many not knowing as to what the conveyancing costs actually over in relation to their circumstances.

When making enquiries about any conveyancing costs or quotes, you should ensure that there are no hidden

charges you may not be aware of.

Like many things in life, it can often come down to personal circumstances, but it most instances, the conveyancing costs will normally incur a basic fee that is charged by the solicitor for processing the transaction. Fees can differ, but generally, you can pay the fee via a number of different methods. More insight into these options are offered below:

Fixed-Fee Basis

A Chargeable Fee That Is in Line with The Property Value

Per-Hour Basis

While buying and selling property can be sometimes seen as an expensive endeavour, it is important that the legal

side of the purchase or selling of a property must be intact to ensure that you’re in a robust position moving

forward.

There are a number of disbursements that need to be paid to third-parties to ensure that everything is in place

when buying or selling a property.

In theory, if you select the right kind of conveyancing solicitors, you should find that the firm involved will walk through all the conveyancing costs associated with your particular sale or purchase. However, if you do want an overview, the below details are often included in any costing relating to conveyancing.

Solicitor’s Basic Fee

Land Registry Office Copies

Telegraphic Transfer Fee

Drainage Search

Chancel Repair Liability Search

The conveyancing costs in relation to the Land Registry office copies will allow homeowners to confirm that they are indeed the title holder, whereas the telegraphic transfer fee will only apply to mortgages amounting over £60,000, as BACS can only be used for lower amounts.

Generally, the conveyancing costs being charged will be vital for you to be able to complete your house sale or purchase, but knowing what costs to expect ensures that you are only being charged for work being carried out.

It’s possible that everyone has heard the horror stories associated with buying and selling a house, but employing the services of a professional solicitor’s firm should ensure that both your budget and stress levels are kept to a minimum.

A simple bit of research can mean you are able to read testimonials from other clients who have used the firm, as well as being able to discuss the conveyancing costs in more detail. A professional conveyancing solicitor will only charge fairly, and will provide you with a transparent breakdown should it be required.