Conveyancing Costs

Whilst it is now expected that a fixed price can be given for a straightforward transaction, there are many fees and costs which can arise making each case unique.

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Conveyancing Time Scales

We have a great deal of experience when it comes to providing legal services for clients who are buying, selling or remortgaging their property. As a result of such experience, we can provide you with an estimate as to the likely timescale for your matter. We detail below the industry average timescales involved. Please note this timescale effectively begins once you have agreed to the Terms and Conditions, completed the instruction forms, provided us with your payment on account, your identity checks have been completed and a full set of contract papers have been received from or provided to the Seller’s Solicitors. These timescales are based on getting to the point of exchange and typically Completion follows within two weeks.

  • Freehold Purchase 10 to 12 weeks
  • Leasehold Purchase 10 to 14 weeks

Please note: The housing market is significantly busier than it has been for many years. In particular, the Stamp Duty ‘holiday’ has influenced the timing of many transactions. As we move towards the expiry of the ‘holiday’, we are managing our resources carefully to ensure that we can do all within our control to meet our clients’ desired timescales.

The timing of exchange of contracts and completion is dependent on the ability and willingness of other parties within your chain. The coronavirus pandemic has brought further uncertainty and varying restrictions. We must advise you that despite our efforts, we cannot guarantee that you will complete on your desired date. We are dependent on the speed of other key parties, such as other lawyers, mortgage lenders, management companies etc. and when they provide the information we need: as the March deadline approaches, there is a risk of ‘bottlenecks’ across the market. We cannot be held responsible for events outside our control.

Referral fees

There may be some instances where referral fees are paid to third parties, such as estate agents panels and mortgage brokers for the introduction of your business. These fees typically range from £25 – £300. Any such fees applicable to your transaction will be disclosed in our formal quote and initial paperwork before you are committed to the transaction.

 

Click here for our Residential Conveyancing Guide which is step by step guide to the conveyancing process.

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