Typical Solicitors Fees for Buying a House
It's a bit difficult to say what the typical solicitor's fee is for buying a home, as there can be quite a range of pricing. It's perhaps better to look at the question of why there's such a range rather than consider a 'typical' fee, and what that might mean when choosing your solicitor or conveyancer.
House solicitors and conveyancing firms come in many shapes and sizes, ranging from large national firms with centralised processing, through to independent local practices providing a highly personal 'boutique' service.
Large national conveyancing firms, due to the scale efficiencies provided through centralised processing, higher volumes, and without the overhead of local offices, can provide conveyancing services at a much lower cost than local high street solicitors. But this comes at the expense of accessibility and that face-to-face personal touch, which can be important when you are undertaking such an important transaction.
In general, with their higher overheads costs, fees for local solicitors and conveyancers will tend to be higher, part of the price you pay for better accessibility and a more personal service. But even within the 'high street' category of solicitors, there can be quite a degree of variation. Some firms are literally 'sole practitioners' or two person partnerships, others small chains of highly localised firms, with fee rates varying accordingly.
Also, Licenced Conveyancers can often be cheaper than solicitors. Licensed Conveyancers are lawyers who are qualified in, and specialise in property transactions. They are regulated by the Council of Licensed Conveyancers, and provide an equivalent standard of service as a solicitor.
We have a range of both local and national firms on our site, and when you search you are likely to receive a mix of solicitors and conveyancers, both local and national to choose from.