The True Cost of Conveyancing

• The headline price quoted by online conveyancers often makes the price look as low as half the price of using a qualified solicitor.
• But there are significant additional costs that are almost always charged (e.g. for a mortgage) and which make the overall cost of using an online conveyancer much higher.
• These additional costs, shown below, will typically take the total cost of your conveyancing above that of using a good value solicitors.

A typical breakdown of costs* (pre-disbursements and tax)

£700     £600   £500   £400   £300   £200   £100   £0     Good Value Solicitors Average Online Conveyancer

Key: Stamp duty certificates Transfer bank fees Extra legal fees for perfoming searches Extra legal fees for handling mortgage The price you are quoted (the legal fees)

*Based on a typical £200k value property purchased with a mortgage. Costs compare a cost-effective solicitor with an average online conveyancer.

Click here for a glossary of conveyancing charges.

Last Updated on 23/11/2011