Conveyancing Fees Calculator
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The costs for your residential sale and purchase transactions depend on a number of factors including the sale/purchase price of the property, whether the property is freehold or leasehold, and whether the transaction involves either repaying an existing mortgage or securing a new mortgage on a property to be purchased.
Understanding Our Conveyancing Estimates
Mullis & Peake are proud to be CQS accredited conveyancers. We operate on a fixed fee, no-obligation basis and guarantee instant results. Our services are applicable for those buying, selling and remortgaging their homes.
The fee may vary depending on the agency who has referred the work to us and this fee may vary between £150 and £250.
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Residential Property Enquiry
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Frequently asked questions
Our costs for undertaking residential sale and purchase transactions depend on a number of factors including:
- the sale/purchase price of the property
- whether the property is freehold or leasehold
- whether the transaction involves either repaying an existing mortgage or securing a new mortgage on a property to be purchased
- whether there are any additional or unusual aspects of the transaction
In the vast majority of cases; we will be able to act on behalf of your existing mortgage lender to repay your existing mortgage on the sale of a property and on behalf of your new mortgage lender in respect of the purchase of a property.
Costs and expenses can vary depending on the particular circumstances of each transaction but we endeavour to keep such costs and disbursements to a minimum.
Solicitors, licensed conveyancers and conveyancing executives can all be instructed on conveyancing matters. Most solicitors’ firms, like Mullis & Peake LLP, will have people in their residential property team with different legal qualifications and experience. Licensed Conveyancers go through a rigorous training process and need to pass final exams before being regulated by the Council of Licensed Conveyancers. Conveyancing executives usually have several years’ experience dealing with property transactions.
Solicitors' conveyancing costs are similar to those charged by independent licensed conveyancers. Conveyancing fees charged by licensed conveyancing firms do tend to be slightly cheaper. This is sometimes due to the different way of working - using a team of administrative staff for the bulk of the transaction rather than a qualified executive throughout as solicitors do. Further, solicitors are often better equipped to deal with complex matters and legal issues.
Costs depend upon the nature of the transaction as detailed above but are around £1,000.00 plus VAT and disbursements.
We keep our costs as reasonable as we can. The conveyancer dealing with the matter will spend a tremendous amount of time on the matter both considering, drafting and negotiating the legal paperwork and advising each client but also in communicating with the various third parties involved in each transaction such as agents, other solicitors and mortgage brokers. As a result, our fees are generally not negotiable. We are clear and transparent with our pricing so you know what you will be paying from the outset and so that you can see that you are getting value for your money.
The seller pays the conveyancing fees for the sale of their property.
Conveyancing fees can be split into two parts: the legal fees (what the conveyancer or solicitor charges for doing the work), and the disbursements (what third parties charge for certain services like searches, obtaining copy title documents from HM Land Registry or in the case of leasehold properties, information packs from any landlord and/or managing agent).
A seller will pay conveyancing fees and any relevant disbursements for their solicitor acting in the sale of their property.
You do not legally need a conveyancing solicitor to sell or buy property. It's entirely possible to take on what some call 'DIY conveyancing' but there are many legal responsibilities and issues involved and your seller or buyer is unlikely to proceed unless you are legally represented due to the number of assurances they will require.
All of the legal costs and disbursements that are expected or known are included in the calculator. Fees which are not anticipated, are not included.
Most conveyancing matters incur disbursements. Disbursements are costs that your conveyancer will have to pay on your behalf for third party services, such as searches, Land Registry fees and Stamp Duty Land Tax (SDLT).
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Residential Property Team
Paul qualified as a solicitor in 2010 and specialises in Residential Property matters.