Solicitors Fees For Selling A House - Explained
The fees that a solicitor will charge you for selling a house will fall in to TWO main categories:
The Legal Fee
The first category is the
legal fee. The legal fee is the fee the solicitor will charge you for their professional services. They can quote you a fixed price for this, as they know with a reasonable degree of certainty how much work is involved in a typical conveyancing case.
Disbursements
The second category is the
disbursements. Disbursements are where all of the other costs and charges will be buried. This will include some unavoidable charges, such as the Land Registry fee (which is fixed) and the cost of searches. However,
some solicitors hide other charges here such as: completion of forms, photocopying fees and other such items. You need to watch out carefully for this.
VAT (Value Added Tax)
Some items on your quotation will not attract VAT - and therefore your TOTAL will contain a mixture of VAT, vatable charges, and non-vatable charges. This is why your total may look lower than expected.
Included Items
Be careful AgentQuote.co.uk quotations
include the following items:
- No-completion no-legal-fee
- Redemption of your existing mortgage
- Professional indemnity
- Dealing with your mortgage lender
- All postage and printing
- Completion of your stamp duty land tax (SDLT) form
Many other conveyancing comparison websites don't include these items in your fee - and will either not show them on your quotation (and charge for them later) or will add them as extra chages on your quotation.
Good News
The good news is this: The AgentQuote solicitors show you a
totally transparent quote, with
no unfair, hidden costs.
The price you see is the price you pay.Get quotes, and view the details to a full disclosure and breakdown of fees and charges.