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What are conveyancing disbursements?

by | Apr 5, 2024 | Articles |

What are disbursements?

Conveyancing disbursements are expenses paid to third parties by your solicitor as part of the home buying process. These are then added to your final bill so your solicitor can be reimbursed. The most common conveyancing disbursements are listed below.

 

Selling a property

Land registry office copies – £4 – £8
These documents confirm the tenure of the property and the legal owner.

Telegraphic transfer fee – £40 – £50
Cost to transfer money to pay off your existing mortgage.

 

Buying a property

Bankruptcy search – £2 – £4
Your mortgage lender will need to know that you, or any other person named on the mortgage, has not been declared bankrupt. Your solicitor will check all named parties.

Land charges search – £2 – £4

A land charges search protects a transaction for value that affects the whole of the land in a registered title, e.g. a purchase, a lease or a charge.

Searches – £250 – £450

  1. Environmental search
    An environmental search will investigate specific concerns such as subsidence, flooding or industrial contamination.
  2. Drainage search
    This ensures the property is connected to surface and foul water sewers.
  3. Local Authority search
    Council records will be checked to determine local influences on the property such as planning applications, enforcement actions, restrictions on permitted development and road schemes.

Telegraphic transfer fee – £40 – £50
This is charged by your bank to cover the cost of transferring the money to the seller’s conveyancer.

Land registration fee – From £20 (for properties under £80,000) to £1,105 (for properties over £1,000,000)
This is a fixed cost disbursement that depends on the value of the property being purchased.

Stamp Duty – Have a look at our Stamp Duty Article for more information: https://www.awdlaw.co.uk/1688-2/.

 

When you compare conveyancing quotes make sure to look at the breakdown, as it will include disbursements. If you are unsure about any charges, you can always ask your conveyancing solicitor.

 

For more information on the above and/or to request a quote for our conveyancing services, please contact us on info@awdlaw.co.uk or 01329 232314.