What are the Average Conveyancing Fees in the UK for 2024?
This is one of the most discussed topics of conversation within conveyancing and that most people ask when buying, selling or remortgaging their property .... How much is a solicitor or a conveyancer going to cost to handle my conveyancing?
The UK property market in 2023, was very stagnant and very subdued compared to previous years. So what does 2024 hold for the UK property market and the average conveyancing fees in 2024? We are going to try and answer these questions and look into things that can affect your property move and your conveyancing in 2024.
We have compiled a table of current average conveyancing fees, prices and costs from our network of professional conveyancing expert solicitors and licensed conveyancers, that are part of our growing conveyancing network.
Whilst it is ok to use this average conveyancing pricing table as a guide when budgeting to buy or sell your property, you should always make sure that you get an actual fixed fee conveyancing quote, when you are ready. This way you can calculate your conveyancing costs and all of the associated fees involved in your conveyancing transaction.
Remember that it is not just the legal costs that you are going to be paying for; estate agent charges, moving fees and a number of other things can increase the price of your house move. It's very important to understand the full costs involved in moving house.
In this page we are going to cover the following topics about conveyancing fees and the average conveyancing fees in the UK:
- Conveyancing Fees for Buying a Property 2024
- Conveyancing Fees for Selling a Property 2024
- Conveyancing Fees for Remortgaging a Property 2024
- What are Conveyancing Fees?
- How much should a Conveyancer Cost?
- Are Conveyancers Cheaper than Solicitors?
- Do you have to pay solicitors fees upfront when buying a house?
- How much should I pay for Conveyancing Fees?
- What is Fixed Fee Conveyancing?
Looking for a Fixed Fee Conveyancing Quote and NOT an Average Conveyancing Price?
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Average Conveyancing Fees are Calculated based on the value of your Property Transaction
Most property solicitors or licensed conveyancers, will calculate conveyancing fees, based on the value of your transaction and will stagger or tier their conveyancing legal fees dependent on the value. E.g.
A property purchase for £100,000 might be a legal fee of £512.50 plus VAT, but a purchase of £300,000 might be a legal fee of £562.50 plus VAT.
A property sale for £200,000 might be a legal fee of £412.50 plus VAT, but a sale of £300,000 might be a legal fee of £462.50 plus VAT.
This is quite a common practice within the conveyancing sector and that is why it's very difficult to provide an average conveyancing fee, if you do not have the transaction values available. Using the tables below, should help you budget for your conveyancing and the typical costs you should expect.
Average Conveyancing Costs & Fees for Purchasing a Property in 2024
Conveyancing Fees for Buying Only UK
These are the average conveyancing fees for buying a property calculated directly from our own network of solicitors and licensed conveyancers for 2024.
| Purchase Price (£) | Legal Fee | Disbursements, Land Registry & Other Fees | VAT | Total (£) | Stamp Duty (SDLT) |
|---|---|---|---|---|---|
| £100,000 | 512.50 | 306.00 | 160.70 | £1,020.20 | 0.00 |
| £200,000 | 537.50 | 387.00 | 189.50 | £1,244.00 | 0.00 |
| £300,000 | 562.50 | 407.00 | 184.50 | £1,264.00 | 2,500.00 |
| £400,000 | 662.50 | 407.00 | 204.50 | £1,384.00 | 7,500.00 |
| £500,000 | 692.50 | 407.00 | 210.50 | £1,420.00 | 12,500.00 |
| £750,000 | 792.50 | 552.00 | 230.50 | £1,685.00 | 25,000.00 |
| £1,000,000 | 892.50 | 552.00 | 250.50 | £1,805.00 | 41,250.00 |
When purchasing a property, the average additional supplements may be added to these fees above, dependent on the type of property you are purchasing:
- Leasehold Fee - If you are purchasing a leasehold property (apartment or flat), then a supplement would be added to the base legal fees. This fee would range between £50 - £450.
- Shared Ownership Fee - If you are purchasing a shared ownership property, then a supplement would be added to the base legal fees. This fee would range between £50 - £350.
- New Build Fee - If you are purchasing a new build property, then a supplement would be added to the base legal fees. This fee would range between £50 - £400.
- Limited Company SPV Fee - If you are purchasing a property in a Limited Company or SPV, then a supplement would be added to the base legal fees. This would range between £100 - £500.
If you are looking for fully detailed conveyancing quote and not just an average price for your property purchase, then use our conveyancing calculator online now.
Average Conveyancing Costs & Fees for Selling a Property in 2024
Conveyancing Fees for Selling Only UK
These are the average conveyancing fees for selling a property calculated directly from our own network of solicitors and licensed conveyancers for 2024.
| Sale Price (£) | Legal Fee | Disbursements, Land Registry & Other Fees | VAT | Total (£) | Stamp Duty (SDLT) |
|---|---|---|---|---|---|
| £100,000 | 387.50 | 56.00 | 99.50 | £603.00 | N/A |
| £200,000 | 412.50 | 56.00 | 104.50 | £633.00 | N/A |
| £300,000 | 462.50 | 56.00 | 114.50 | £693.00 | N/A |
| £400,000 | 512.50 | 56.00 | 124.50 | £753.00 | N/A |
| £500,000 | 592.50 | 56.00 | 140.50 | £849.00 | N/A |
| £750,000 | 642.50 | 56.00 | 150.50 | £909.00 | N/A |
| £1,000,000 | 742.50 | 56.00 | 170.50 | £1,029.00 | N/A |
When selling a property, the average additional supplements may be added to these fees above, dependent on the type of property you are purchasing:
- Leasehold Fee - If you are purchasing a leasehold property (apartment or flat), then a supplement would be added to the base legal fees. This fee would range between £50 - £250.
- Shared Ownership Fee - If you are purchasing a shared ownership property, then a supplement would be added to the base legal fees. This fee would range between £50 - £250.
- Limited Company SPV Fee - If you are purchasing a property in a Limited Company or SPV, then a supplement would be added to the base legal fees. This would range between £100 - £500.
If you are looking for fully detailed conveyancing quote and not just an average price for your property sale, then use our conveyancing calculator online now.
Average Conveyancing Fees for Remortgaging a Property 2024
Conveyancing Fees for Remortgaging Only UK
These are the average conveyancing fees for remortgaging a property calculated directly from our own network of solicitors and licensed conveyancers for 2024.
| Remortgage Amount (£) | Legal Fee | Disbursements, Land Registry & Other Fees | VAT | Total (£) |
|---|---|---|---|---|
| £100,000 | 362.50 | 123.00 | 94.50 | £640.00 |
| £200,000 | 362.50 | 133.00 | 94.50 | £650.00 |
| £300,000 | 362.50 | 148.00 | 94.50 | £665.00 |
| £400,000 | 437.50 | 148.00 | 109.50 | £755.00 |
| £500,000 | 437.50 | 188.00 | 109.50 | £795.00 |
| £750,000 | 437.50 | 208.00 | 109.50 | £815.00 |
| £1,000,000 | 512.50 | 328.00 | 124.50 | £1,025.00 |
When remortgaging a property, the average additional supplements may be added to these fees above, dependent on the type of property you are purchasing:
- Leasehold Fee - If you are purchasing a leasehold property (apartment or flat), then a supplement would be added to the base legal fees. This fee would range between £50 - £250.
- Shared Ownership Fee - If you are purchasing a shared ownership property, then a supplement would be added to the base legal fees. This fee would range between £50 - £250.
- Transfer of Equity Fee - If you are transferring equity as part of your remortgage, then a supplement would be added to the base legal fees. This would range between £50 - £500.
If you are looking for fully detailed conveyancing quote and not just an average price for your property remortgage, then use our conveyancing calculator online now.
What Are Conveyancing Fees?
A Conveyancing Fee is the cost associated with the legal services a solicitor or licensed conveyancer provides during the process of buying, selling or remortgaging a property.
They also include the conveyancing disbursements the solicitor will cover on your behalf through the process. Disbursements to consider include:
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Local Authority Searches
-
Land registry Searches
-
Envirnmental Searches
-
Bank Transfer Fees
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Stamp Duty Land Tax
-
Drainage Search
-
Transfer of Ownership
-
Copies of Land Registry Title Deeds
-
Telegraphic Transfer Fee
How much should a Conveyancer Cost in 2024?
Conveyancing fees vary depending on a number of factors including location and the type of firm you choose to instruct, however you can typically expect to pay between £500 - £2000 plus the cost of disbursements.
Are Conveyancers Cheaper than Solicitors?
Conveyancers are usually cheaper than solicitors, however, solicitors are also in a position to handle any complex legal matters that may arise. If you envisage a straightforward process with your house purchase or house sale then a conveyancer may be all that is required. If you have any doubts or require further legal help a solicitor may be the best choice.
Do you have to pay solicitors fees upfront when buying a house?
This will vary from solicitor to solicitor, however, in general you will pay your solicitor at different points throughout the process. There is usually an upfront fee associated with the costs of the legal work required in buying or selling a home and then further costs may be due in the middle with any final sums required, usually because the solicitor has incurred costs on your behalf (for searches, for example).
How much should I pay for conveyancing fees?
The legal costs associated with buying and selling a home are generally around £500 - £2500 plus VAT dependent on the transaction type and the transaction value. There will also be additional costs such as disbursements and other costs associated with local searches which could cost you around £250 - £350 when purchasing a property.
What is Fixed Fee Conveyancing?
Fixed fee conveyancing is where you and your solicitor or conveyancer have a pre-agreed price for the work they are to carry out. This should not change throughout the house buying or selling process. This is becoming an increasingly popular way of handling conveyancing, rather than using conveyancers who change at an hourly rate, as it means that you are able to budget more effectively. It is also prudent to check whether the solicitor offers a ‘no sale, no fee’ clause where, if the sale was to fall through, you would not have to pay the legal fees.
