Example fees for Residential Conveyancing
Our standard conveyancing fee is based on the sale or purchase price, whether the property is freehold or leasehold and whether the property is a new build or recently converted. As a guide our standard conveyancing fee for a £550,000 freehold house sale will be between £1,500 plus VAT and £1,900 plus VAT and for a freehold house purchase at the same price our fee will be between £1,600 plus VAT and £2,000 plus VAT, depending in each case on the exact circumstances of the transaction. In each case, the rate of VAT is 20% of the fee, for example a fee of £1,500 plus VAT is £1,800 inclusive of VAT.
We will give you a “fixed” fee quote based on the circumstances of the transaction which you provide to us. However, if after you have instructed us to act on your behalf those circumstances change or a new development arises, we will discuss and agree any change in the fee quote with you. Therefore where there is likely to be an additional fee incurred, we will make sure you are informed of this at the earliest opportunity and a clear estimate of the additional fee agreed with you. Usually we will only deviate from our initial fee quote if the matter becomes protracted, or there are unforeseen circumstances or additional legal work is required which was not evident at the start of the transaction.