What to look for in a conveyancing quote
“No move, no fee” can save you a fortune if your deal falls through and should definitely be something that you ask for. When asking for a quote you need to ask for a full breakdown of costs so that you can see the best deal.
You should ask if the following are included in a sale : telegraphic transfer fee, indemnity insurance, supplement for dealing with your existing mortgage, all postage and faxing, other extras.
You should ask if the following are included in a purchase : telegraphic transfer fee, indemnity insurance, supplement for dealing with your mortgage lender, SDLT form, all postage and faxing, all searches, other extras, Land Registry fee and Stamp Duty.
Solicitors are notorious for “hiding” extra fees so its vitally important that you check all of the above with them. The best conveyancing comparison site that we have found is The Property Law Group. All of their solicitors include the above in their quoted fees and its well worth having a look at the site.
How long will it take ?
There are so many variables that it is difficult to give a good answer to this. In general though, if a property is empty and there is a cash buyer, it will probably take 4-6 weeks from start to finish. If there is a mortgage, you could say 6-8 weeks and if there is a chain (when there are a number of properties that need to be sold) this could be 10 – 12 weeks.