How much does conveyancing cost?
The cost of conveyancing varies. Typically, conveyancing fees cost between £850 and £1,500 (including VAT). Local searches usually cost a further £250-£350. You might be able to find a cheaper deal for conveyancing by searching online. Since December 2018, solicitors in England and Wales have to publish conveyancing fees on their websites.
It’s worth factoring in the other expenses of moving to a new home. For example, our data shows that the average cost of mortgage lender fees alone could be £1,200**. Mortgage lender fees typically covers a booking fee, administration fee and valuation fee. Stamp duty is another cost to think about – and this would cost a home mover £2,500 on a property worth £250,000. You can calculate how much stamp duty you might have to pay on the government’s website.
**This price is from Compare the Market data and is correct as of 4 March 2019. This figure is based on a home mover - in other words, not a first-time buyer - looking to take out a 25 year repayment mortgage on a £250,000 property with a £50,000 deposit. Prices will vary according to a range of factors, including your property’s value.