Solicitors Fees

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For many people, one of the biggest concerns in a home sale revolves around the costs of selling a home themselves, and often, that means taking solicitor fees for selling a house in the UK into account. As you work to understand this concept, there are many key things to remember.

  • You pay solicitor’s fees when you’re selling a house as well as when you’re buying one.
  • You must work with a solicitor or a licensed conveyancer to actually be able to sell your home.
  • Solicitor’s fees vary quite widely depending on the type of professional you select.
  • Your estate agent can recommend a solicitor, but you can also find one you like on your own.
  • In some cases, cash buyers will pay solicitors’ fees for you, saving you thousands of dollars.

Ready to learn more about all of the solicitor’s fees you may encounter when you’re selling a home? This quick guide can help you make sense of the solicitor’s fee for selling a house now and well into the future.

The Biggest Takeaways

1. Solicitor’s Fees Average Nearly £2,000 for Home Sellers.

Most people can expect to pay almost £2,000 to work with a solicitor to sell their home, and that money goes into various places. When you hire a solicitor, you can expect to pay

  • The Solicitor’s Legal fee
  • The Conveyancing Disbursements
  • Other Possible Costs

Of those costs, the solicitor’s legal fee is easily going to be the priciest, and this is where you could potentially save yourself the most money. If you compare typical solicitors’ fees for selling a house among those professionals you’re considering hiring, you’re likely to find some cost less than others.

2. The Conveyancing Process Doesn’t Require a Solicitor

While many people choose to pay the average cost of solicitors’ fees for selling a house, that’s not a necessity. Sure, it’s difficult to go through the process on your own, but you may be able to hire a conveyancer for far less than you can a solicitor to help you handle all of the paperwork.

  • A solicitor is a legal professional with lots of different kinds of training that provides a variety of different legal services.
  • Conveyancers are specialists in the legal aspects of property sales and purchases.

According to new studies, most people are happy to instruct conveyancers over solicitors thanks to the cost savings involved.

3. You Should Always Compare Solicitors Before You Hire One

The best way to save on solicitors’ fees for selling a house, UK home sellers have found, is to comparison shop before you ever get started. As you look at your options, consider the following.

  • Time from contact to completion.
  • Distance from your location.
  • Reviews from other customers.
  • Price.

By looking at these four key areas, you’re likely to find a professional who meets both your needs in terms of cost and terms of level of service.

You’re probably still left with lots of questions about solicitors’ fees, how to save, and how to select the right professional, but we can help.

A Few Common Questions About Solicitor’s Fees

How Much are Solicitor’s Fees for Selling a House?

Solicitor fees for selling a house vary quite a bit depending on several different factors. One key factor is the actual value of the property. The more valuable the home you’re selling, the higher the overall fee may be. Another factor, though, is location. Solicitor fees for selling a house in Ireland are quite different from solicitors’ fees for selling a house in Scotland which are still different from the average solicitor fee for selling a house UK. As you shop, it’s absolutely essential to give your solicitor as much information as you can about the value of the property and where it’s located so they know what they might be dealing with and can offer you an accurate quote on how much it’s going to cost you.

How Much Are Solicitor’s Fees for Selling a House You Inherited?

The approx. solicitors’ fees for selling a house you inherited aren’t usually different from those that you might incur were you selling a house that you’d bought previously. In some cases, by working with the solicitor who handled the other work in the estate you may be able to save a bit of money, but for the money part, you can expect to pay normal fees to a solicitor if you’re selling a house that you’ve just inherited from someone else.

How Much are Solicitor’s Fees for Selling a House to UK Investors?
Many people these days are deciding to sell their homes to investors, and for good reason. While a typical homebuyer intends to buy the home to use as a permanent residence for themselves and their family members, investors see the property as a business opportunity. It could be that they’re going to make some changes to the home and flip it to sell to another buyer. They may also choose to make those changes, and then let tenants take advantage of its long-term income potential. The key here is that the investors are truly interested in making a profit. They want the home for as little as possible as fast as possible. For you, that can translate to some real benefits. It gives you access to a much faster sale. When you choose to work with an investor or an average home buyer, you get a hassle-free sale that doesn’t mean you have to clean the house, make repairs, or even stage it. It also means you won’t have to worry about the potential for financing delays. It could also mean one other real bonus – a lack of solicitor’s fees. Wondering why? Many investors aren’t willing to offer top dollar for your property, but to make sure that you’ll move forward with their offer over that of anyone else, they’ll often offer to pay the fees you might incur from selling your property, including those pesky solicitor’s fees. That may translate to some real financial savings for you. So, the average price for solicitor’s fees when selling a house remains the same when you work with an investor, you may not end up having to pay those fees.

How Much are Solicitor’s Fees for Buying and Selling a House At the Same Time?

You can choose to use the same solicitor to help you both sell your existing home and buy a new home at the same time. Remember that there are fees involved with both processes. Given that the average solicitors’ fees for buying and selling a house at the same time can total more than £3,500, it makes sense to want to create at least some savings in the area of solicitors’ fees for buying and selling a house. How much solicitors’ fees for buying and selling a house at the same time, though, can depend on the professional or professional you use, and if you choose to use one professional to handle both sales, you may find some savings. Most solicitors’ fees for selling and buying a house at the same time are at least a bit lower than they might be when you hire two different professionals to handle both sales. Many real estate experts will tell you that it’s far better to work with a single professional, as it not only means lower average solicitor fees for buying and selling a house, but it means less hassle for both of you. After all, lots of different mix-ups can happen when it comes to working with solicitors and making sure your old property gets sold as it should and your new property is purchased as it should. It can also be tough to make all of that happen on the right timeline. As a result, working with one solicitor can not only mean solicitors’ fees for buying and selling a house UK sellers will pay are lower, but it also means less stress for absolutely everyone involved with the process.

What are the Solicitor’s Fees for Selling a House If the Buyer Pulls Out?

Both sellers and buyers can pull out of a house sale at any point in time before the actual exchange of contracts occurs, but if you’re selling your home and you’re trying to buy at the same time, you likely have a pretty strict schedule for both deals to stay on track. As a result, it can become quite a mess if your buyer pulls out. Unfortunately, though, just because you lost your buyer doesn’t mean that you lose the solicitor fees you were going to end up paying. Both buyers and sellers alike are still liable for solicitor fees even if one party pulls out before the actual exchange of contracts. Whether or not you’ll end up paying those fees depends quite a bit on the progress of the sale itself and the individual conveyancer. For example, if you’re not very far in, you may only have to pay a few fees. If you continue to look for another buyer, you may not have to pay anything at all, as your solicitor can just put things on hold. If, though, you’ve decided that you no longer wish to sell in the face of everything you’ve just been through, you’ll still be responsible for paying your solicitor for the work he or she has done so far on the sale of your home. It’s important to note that some solicitors work on a no-sale no-fee basis, so you’ll want to check the contract you signed at the outset to see whether this is a reality for you and how it works in your case.

Are Average Solicitor Fees for Selling a House Based on a Percentage of the Sale?

While the costs you are likely to end up paying your estate agent are based on the overall cost of your home, the cost of paying your solicitor, though, typically has nothing at all to do with what your home ends up selling for. The average solicitor fees tend to be based on a standard flat-fee type cost as opposed to a percentage of the overall property sale. It is possible to work with a solicitor who is basing the cost on the overall sale, but that’s rare. Most solicitors will just advertise a flat rate, then only tack on additional fees if a complex situation arises as he or she works to get the property transferred from one owner to the next.

Do Average Solicitors Fees for Selling a House vary Depending on Whether It’s a Leasehold or a Freehold?

The fees you might pay to a solicitor CAN vary depending on whether the home you’re selling is a leasehold or a freehold. Not sure of the difference? It’s a fairly simple idea. A leasehold just means that you own the property for a set length of time or the total term of the lease. Once that term runs out, the ownership of the property will revert to the person who owns the land as a whole. If you are fairly close to the lease’s expiration date, the less valuable the property becomes when you go to sell it. As a result, if you’re looking to sell, you may have a tough time recouping your overall costs. You do have the option to extend your lease, though, which could help to make your property a bit more valuable once more. A freehold, though, means that you completely own the property and the land that it sits on. That means you essentially have total ownership of the property, and as a result, you are responsible for all of the costs related to that property, which can include repairs to it and building insurance. Typically, you don’t incur any kind of maintenance charges when you have a freehold property.

Because of the two different ways in which these kinds of properties are owned, you will see a real difference in the solicitors’ fees associated with selling these kinds of properties. There are additional legal fees involved with both buying and selling a leasehold property because there are conditions that conveyancing solicitors must follow with leasehold properties. For example, there are several different requirements that must be met that can take up more of a conveyancer’s time, which leads to increased overall fee costs. Remember, that leaseholder conveyancing means there are far more people involved. The solicitor has to work with management companies and others to complete the transaction, and that means additional document signatures and more which means the need for added information.

The average cost for selling a leasehold property is typically between £200 and £250, depending on the overall selling price of the property and what might be involved with the overall sale for the conveyancing solicitor. To better understand what your specific costs might be, chat with the solicitor before you ever hire them, and let them know that you’re dealing with a leasehold property so you can get an accurate picture of what you might be expected to pay.

Do You Pay a Solicitor Fee for Selling a House on Completion Day?

You will end up paying the solicitor fee on your day of completion. Before your solicitor ever transfers the money from the buyer to your account, he or she will typically deduct the fees for his costs as well as those for your estate agent’s costs out of that amount of money. Your conveyancer may ask for some money upfront, too, so be aware of that when you’re trying to find the right person to handle your home sale. If you don’t pay your conveyancer, you could be in serious trouble. Your conveyancer could sue you for breach of contract, so even if you think you’re being overcharged, your best bet is to work with your conveyancer or a third party like the Property Ombudsman to work out the problems. Don’t just ignore them, as they can create serious issues for you down the road.

Have Solicitors’ Fees Increased Over the Past Several Years?

If this is not your first time selling a home, you may have noticed an increase in solicitors’ fees over the last few years. For example, were you to have been paying solicitors fees for selling a house in 2020 in UK boundaries, you may have only paid£1,558. The solicitors’ fees for selling a house in 2021 in UK boundaries, though, may have meant you paid an average of £1,850. Today, solicitors’ fees for selling a house in 2022 in UK towns, though, means an average cost of £2,000 The fees have gone up, and what’s behind the increase is the fact that demand for services has been far higher than the number of professionals in the field for the past several years. Conveyancers have been continually increasing their fees as a direct result of the number of challenges the demanding housing market continually placed on them, and while the direct increase of the number of fees depends a bit on where you live, across the country, it’s up by at least 37%. While there have been some calls to reduce the costs overall, the chances are good that the fees will only continue to increase over time.

What Questions Do You Ask Solicitors Before Choosing Them to Handle the Sale of Your House?

The only way to find the right person to meet your needs is to talk to a few different ones before you sell your home. There are several questions you’ll want to ask each individual before you hire someone to complete the sale of your home. First, naturally, you’ll want to ask how much they might charge. Getting quotes may be the primary differentiator between those you interview, so know what their initial fees are and what things might end up costing you more than you’d originally planned. Second, find out who will be handling your specific home sale. While you may talk to one solicitor in the firm, if there are several, you may end up working with someone else, like a junior team member, as the process continues. While that’s not necessarily a problem, the reality is that you need to know who will handle your case from day to day so that should any issues come up, you know exactly whom to call as things begin to get a little more complex. In addition to learning who you’ll be speaking with, you may also want to know how often they might contact you. When you’re in the middle of selling your home, it can feel like it’s your whole world. As a result, you want to know just what’s happening with the sale of the property from day to day, and while you don’t want to be calling your solicitor’s office every single day, you do want to know how frequently you can expect an update from them, as it will help you know just what to do if you feel like you’re not getting enough information. Some solicitors even have an online management system so you can see, in real-time, what’s happening with your specific case so you don’t even have to make the phone call. The last question you’ll want to ask your solicitor is what professional organisations they belong to. There are many different professional societies for conveyancing solicitors, and knowing that they belong to one or several can help give you some peace of mind. Each society has several different rules members must follow, so if you encounter a professional who is a member of at least one of those societies, it can help you understand that they are serious about their career and serious about helping you complete the sale of your home.

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