Solicitors conveyancing fees are made up of a combination of things including the conveyancer’s fee itself, legal searches, stamp duty and estate agents’ fees. Although some of these costs will be fixed, others will depend on the property you are buying and selling. Getting a fixed quote is therefore important.
Some properties are offered to the market with no chain. What does this mean and will it make a difference to you or your solicitors conveyancing fee?
When a property has no chain, it means that the sale does not depend on the owner finding a new property to move into. It could be that the property used to be rented out, but the landlord has decided to sell it. It could be that it was inherited. It could have been repossessed. It could even be that the owners have been able to move out into a new property and still keep up the mortgage payments on the old one until the time was right to sell it.
Whatever the reason, buying a house with no chain won’t reduce the fees due to your conveyancing solicitors, but it will – hopefully – reduce the time taken for the sale to go through. This is because you will not be relying on anyone else in the chain ahead of you. If you find a house you like that has no chain, you can start the process of purchasing it immediately (assuming you have a buyer for your property if you are selling one).
Solicitors conveyancing fees are so variable that it can be overwhelming trying to decide which firm to use. That’s why, at Conveyancing Index, you know you can input your details at https://www.conveyancingindex.co.uk and receive immediate results and save money right now.
Call us on 0203 874 2020 for more details.