What does the 'all-inclusive fees' conveyancing service include?
For a standard conveyancing transaction, the legal fees you are quoted are the fees you will pay to your solicitor.
Your quote will include all conveyancing legal fees for standard conveyancing transaction, based on the information you provide when obtaining a quote.
Disbursements, such as local authority searches, are also included in your quote. Searches include 'Search Protection'. With Search Protection, if your property transaction does not complete, and you need a second set of searches on a different property, the second set is free of charge.
No Completion, No Fee Guarantee
Quotes include our No Completion, No Fee Guarantee. If your property transaction does not complete, you will not be liable to pay any of your solicitor's fixed legal fees for the work completed. The Guarantee fee payable on instruction can be held on account, or refunded to you, if your transaction falls through. Third-party costs (disbursements) incurred on your behalf would remain payable.
Could there be any other charges?
In certain circumstances, you may ask your solicitor to complete chargeable legal work that is not part of a standard conveyancing transaction, such as a lease extension or a contract race.
If you ask your solicitor to carry out any additional work that would not be part of a standard conveyancing transaction, the solicitor will notify you first. Your solicitor will inform you of any costs and seek your consent to proceed.
Example of additional work
|Lease extension||If the seller is extending their lease at the same time as they sell their property, the lease extension would involve significant additional legal work beyond the scope of a standard conveyancing transaction.|
|Contract race||This is where a seller allows multiple buyers to compete for the purchase of a property. The first buyer to complete would end up buying the property. Solicitors would be expected to work far faster in order to compete other buyers, with the risk of not being paid if another buyer wins the race.|
|Declaration of trust||A declaration of trust is when 2 or more co-owners will have varying financial shares in the property and they wish to draw up a separate contract detailing their agreement.|
|Deed of covenant||A separate and legally binding agreement between a leaseholder and a freeholder that sets out obligations such as property maintenance.|
|Deed of easement||A separate and legally binding agreement that grants the right to use another person's land for a specifically stated purpose.|
|Dee of postponement||A separate deed required by some lenders in order to prioritise certain ‘charges' (money against the house value such as secured loans) for them to be able to lend to you.|
|Deed of variation||A separate deed enabling a freeholder and tenant to change the terms of the lease, such as keeping pets or using the property as a business.|
|Lockout agreement||An agreement between a seller and a buyer giving the buyer exclusive rights to proceed with the purchase for a defined amount of time in order to prevent the seller from negotiating with other parties.|
|Mutual deed of covenant for flying freehold||A legally binding agreement between you and the freeholder which sets out obligations on a property with a flying freehold (where a property is above or interferes with separately owned land)|
|Notice of Transfer or assignment||An agreement to pass on the responsibilities of the lease to someone else, such as a seller to a buyer.|
|Removal of a registered caution or restriction at HM Land Registry||Restrictions can be placed at the HM Land Registry against land or property to prevent any owner from making any specific changes, such as painting the outside of the property.|
Disbursements are third party costs incurred by a solicitor on behalf of their clients. Examples of disbursements include Stamp Duty, HM Land Registry fees and Bank Transfer Fees.
In certain cases, your solicitor may need to incur additional costs on your behalf. In the event that additional disbursements are necessary, your solicitor will notify you and seek your consent before proceeding.
|Example of additional disbursement||Description|
|Indemnity insurance policy||Indemnity insurance (aka title insurance) is an insurance policy used during the conveyancing process to cover a legal defect with a property that can't be resolved quickly, or at all. An example might be where an extension does not have planning permission or building regulations approval.|
|Management information pack||If you are selling a leasehold property, you will need to apply for the leasehold management pack from the freeholder or managing agent. The pack includes details of service charge accounts, ground rent and details of planned major works. Your freeholder may make a charge for the provision of this information.|
|Additional pre-contract search||In some cases, additional searches may be required if the initial searches identify an issue needing further investigation. An example of an additional search could be a mining search, HS2 route search or a Crossrail search|
Your next step
If you are buying, selling, remortgaging or transferring equity in a home, we can help you find an expert conveyancing solicitor.
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