Historically, fees for conveyancing were calculated on a percentage basis being 1% of the purchase price of the property plus VAT and Outlay.
However the market is competitive and so the majority of firms have either reduced this percentage figure or indeed offer fixed price conveyancing instead. Sankey McGrath Solicitors provide a fixed fee but it is not cut price. We balance the equation between being competitive and providing a full and proper service. We fully guarantee our service which is provided by a fully qualified solicitor at all times (i.e. no delegation to junior staff members). In essence we ensure that we remain one of the most competitive in the market without cutting the level of service to clients.
What fees are payable?
A solicitor will charge a professional fee plus VAT for the work to be carried out. VAT is currently 23%. On top of this fee, outlay is chargeable.
What are the outlays?
Outlays are the ancillary costs payable when buying a house. They include stamp duty, search fees (i.e. judgment, bankruptcy & registration searches against the property & vendors) and registration costs.
These costs should not vary much between solicitors in that the costs for stamp duty and registration are fixed by statute. With regard to searches, these can vary depending on the law searches used by particular firms of solicitors but should be in or around the same with each firm.
Sankey McGrath Solicitors are happy to provide you with a verbal or written quotation (email or post) with a full breakdown of outlay. Please contact us at 01 818 7498 or by email email@example.com and we will get back to you immediately.