Solicitors fees for selling house may depend on the difficulty or simplicity of your particular sale, as well as how much work the conveyancer will need to do to complete. Comparing costs can be a useful exercise to ensure you are getting a good deal. If not, it pays to look around and use someone else.
Some properties are freehold and some are leasehold, but what is the difference between these two terms? What will it mean to conveyancing solicitors?
The two forms of property ownership are entirely different, and can mean more or less work for your solicitor. This is why solicitor fees for selling a house can vary so greatly. When you own a freehold property, you own more than just a house and possibly a garden – you own a piece of land that happens to have a property on it. This land is defined by boundaries on a map.
Technically, you own anything above that piece of land (airspace) and below it too (to the earth’s core). This is why so many searches need to be carried out in order to ensure that the land and area is safe to live in and is not subject to any planning permission and so on. When you own a leasehold property, although you may live in a property and use the land associated with it, what you actually own is the right to use a specific part of a building for a certain number of years. This is why flats are often leasehold, as they are part of a larger whole.
Solicitors fees for selling house all depend on the complexity of the sale and the work needed to go into it.
Using Conveyancing Index’s useful online comparison tool at https://www.conveyancingindex.co.uk is one way to ensure you are getting a fair deal.
Questions? Call the experts on 0203 874 2020.