How Much are Conveyancing Solicitors Fees in Rochdale

For anyone thinking about a house move in the Rochdale areas of Norden, Newhey, Bamford, Milnrow or Littleborough, sorting out conveyancing is one of your key tasks. You may be wondering ‘how much are conveyancing fees?’ and it’s worth giving the question some thought as early as possible. This is one of the key costs associated with a house move and can mount up – especially if you’re buying and selling at the same time or your property is more complex – leasehold for example. If you’re wondering how much conveyancing fees are in Rochdale, we talk about the various costs that make up your fee and some of the things you need to think about.

What are conveyancing fees?

Conveyancing fees are the legal costs associated with buying and selling property. They are split into two main areas – the professional feels your solicitor or licensed conveyancer will charge you for their services and disbursements, which are the additional costs for searches, transaction fees etc that come with making a house sale.

How much are the legal fees?

Fees will vary and depend on whether you are buying, selling or doing both, as well as other factors. For example, leasehold properties tend to attract higher fees because there is extra work involved. The same often goes for shared ownership properties or those purchased under the right to buy scheme. Which legal firm you use will also have an impact – online-only national services may be cheaper than local firms but without the personal level of service. Also, you may pay more for using a solicitor rather than a conveyancer.

How much are the disbursements?

Some of the main additional items which will be included in your fees – the disbursements are:

• Searches – one of the main disbursements buyers need to pay for are local authority and environmental searches for factors including listed building status, tree preservation orders and any planned road or rail links = £150-£300.
• Anti-money laundering identity checks for buyers and sellers = up to £20.
• Obtaining title deeds – when selling you’ll need a copy of the title deeds from the Land Registry = £7.
• Transferring ownership – buyers also need to pay the Land Registry a fee for transferring your name to the property on completion = £200-£300.
• Property fraud checks – for buyers to ensure they are sending money to a genuine lawyer and the whole transaction is not a scam = around £10.
• Telegraphic transfer fees – charges paid by buyers to their bank for payments of more than £60,000 = £20-£50.
• Help to Buy supplement – buyers purchasing through this scheme will pay more for the extra legal work = £200-£300.
• Gifted deposits – if you’re getting help from a family member for your deposit you may pay fees for the paperwork = £100.

Why are conveyancing costs more for leasehold properties?

Leasehold properties have higher conveyancing fees because there is more work involved. Your conveyancer will need to set up an agreement with the management company, liaise about service charges and investigate the length of the lease.

How much are the average conveyancing fees in Rochdale?

Average UK conveyancing fees in 2023 are between £500 and £1,200 for buying, plus disbursements of around £700 and between £500 and £1,000 for selling. While fees are important, it’s worth shopping around to find the right conveyancing company for you. Read reviews and ask for personal recommendations. A great local conveyancer can make all the difference if your sale or purchase turns out to be trickier than you thought or if you become involved in a complex chain. Read our blog about conveyancing solicitors in Rochdale to find details of local companies, and the areas they specialise in.

What is fixed fee conveyancing?

While some conveyancers will quote you a percentage commission, others will charge a fixed fee. A fixed fee means you’ll know upfront how much you will pay for legal services. This fee won’t include disbursements – these will be included in the quote but if they end up costing more, you will need to meet this expense.

What is no sale no fee conveyancing?

You may be offered a no sale, no fee arrangement, meaning you won’t have to pay legal fees if the sale falls through. Again, searches etc, which are already underway, are likely to be charged for. It is worth understanding what exactly is covered by the no sale no fee arrangement before you agree.

When do I have to pay conveyancing fees?

You may be asked for an up-front deposit of around 10% of the fees and to pay in advance for searches, otherwise you will settle the bill on completion.

If you’re thinking of selling in the Rochdale area, we have the local knowledge to help you through the process in today’s market. We’d love to talk to you about our services and offer you a no-obligation market appraisal of your home.

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