Why are legal fees for flats more expensive?
-
Ludmila from Sandbach
-
Legal questions and answers
Question
I am planning to buy 1 bed flat in Chester (retirement house) for the price of £50,000. What is the reasonable purchase fee plus Vat and Disbursements for purchasing that property and why some of the law firms take an additional £150 plus Vat for the flats? Thank you.
Answer
To compare the prices for solicitors’ fees for your property purchase, you can fill in your details into our conveyancing quote form and you will receive up to 4 quotes from conveyancing solicitors that cover your location.
You can find our quote form here: https://www.reallymoving.com/quote-forms/conveyancing.aspx
The quotes you will receive are for the solicitors’ fees and will include vat. Your conveyancing solicitor should then email you a breakdown of disbursements; disbursements should not differ significantly between conveyancing firms.
In regards to the increased fee for flats, many flats are leasehold properties and the conveyancing process for leasehold properties has an additional amount of work and investigations required, therefore the price for the conveyancing of a leasehold flat can be higher than that of a freehold property.
If you want to know more concerning the different between Freehold and Leasehold properties, take a look at our article on The Difference Between Freehold and Leasehold Properties.
The team at
reallymoving.com
Ask a question
We've already helped over 2,580,456 movers
I found it really helpful to have a comparison of the costs and level of service for each firm clearly set out. It made finding a solicitor extremely easy, and I would not have been able to have got such good value for money without it
Bridgend, June 2018