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At Capital Conveyancing, we often hear clients asking if their conveyancing is too expensive, and this is a difficult question to answer, but there are some important factors to take into consideration before choosing a solicitor to ensure your quote is the best value.
While this is the first question people seem to ask, it’s not the easiest to answer. The price of your conveyancing will all depend on where your house is located, how much it’s been valued at, where your solicitor is based and their particular experience. Other factors may come in too, like whether it’s a freehold or leasehold property (leasehold will cost more), but usually an average price for conveyancing is around £500-£1,200.
Your conveyancing quote will include:
You can find an in-depth list of the average prices for all of these things in our post ‘How to Avoid Hidden Costs in Your Conveyancing’.
In many cases, cheaper is not necessarily better and this is certainly true for conveyancing. You may find a conveyancing quote which seems too good to be true (hint: it usually is) but does it include ‘Fixed Fees’ or is that low price likely to change at the end? Do you have a ‘No Move No Fee’ guarantee to cover your costs if the sale or purchase falls through?
It’s more important to look at the value of your conveyancing quote, rather than how cheap it is, as cheapest isn’t always necessarily the best.
At Capital Conveyancing, we don’t claim to be the cheapest (but wait a minute before you write us off!), but what we do claim to be is great value.
Rather than asking: ‘is my conveyancing cheap?’ you should be asking: ‘is my conveyancing good value?’
A good value conveyancing quote will include ‘Fixed Fees’, meaning that the price you are quoted is what you will pay at the end. This may seem like a standard feature, but so many conveyancing solicitors don’t offer this and end up adding on various different costs and bumping up the bill, sometimes by hundreds, so a seemingly cheap quote might not be so cheap after all unless it comes with Fixed Fees.
Another important clause to opt for is a ‘No Move No Fee’ guarantee. This means that if your sale or purchase falls through (due to the other party), we’ll give you the next lot of conveyancing for free so you don’t have to pay again.
So while the initial quote might not be the cheapest, both of these features will ensure your bill stays low in the long run.
So instead of asking “is my conveyancing expensive”, focus on the value instead. What does your quote include? Does it include guarantees? And will that supposedly cheap quote be the same low price on completion? These are the questions you should be asking that will save you a great deal of money on your conveyancing.
Give us a call on 0207 4065 880 to find out more about the cost of your conveyancing or to get a free quote click here.
Ellie manages the content for the Capital Conveyancing site, finding ways to help Londoners looking for information and guidance around the conveyancing process, and presenting it in a clear way. Ellie loves writing about all things London, as her research leads her to discover new areas and history.