Average conveyancing fees for property sales revealed

Jake Carter

February 2, 2021

Average conveyancing fees for a property sale, inclusive of VAT, are currently £899.79 according to Property Solvers.

The data also showed that for a property purchase of the same tenure, the average came out as £911.35.

For leasehold property transactions, the average sale fee was at £907.95 and at £842.30 for purchases.

The research also tracked remortgaging fees of a freehold property, with average costs coming out as £565.40 including VAT.

The estimate assumes that mortgages were to be involved and that the values involved did not surpass £450,000.

However the extra costs of disbursements were not included, which can vary hugely depending on the type of transaction.

Property Solvers obtained quotes from conveyancing law firms in England and Wales as part of the research.

James Durr, co-founder of Property Solvers, said: “This data is a general guide only.

“It’s always worth approaching conveyancing firms directly for prices based on the intricacies of your own property transaction as you may find that there’s an extra premium.

“For instance, conveyancing fees for traditional and modern auction sales as well as Help to Buy, buy-to-let and inherited property transactions are often higher due to the extra workload required.

“We came across quotes as low as £377 and numbers that were in the £500 to £600 price range.

“Without casting aspersions, there’s a fine line between paying too little for conveyancing and, in return, receiving an inferior level of service.

“On this note, also watch out for hidden extras that may unexpectedly appear on your final completion statement.”

Sign up to our daily email