Average Conveyancing Costs

To Go Cheap or Not to Go Cheap. That’s the Question 

If you want the real answer; that’s simple! Never go cheap, it comes with the risk of losing thousands of pounds and an 83% risk of having an anxiety episode.  

We all know the principle of ‘buyer beware’, or you get what you pay for that’s true here.  

What happens if you go cheap?

Would you accept cheap medicine that had a 38.8%* failure rate?

Would you accept a cheaper blood test that had a 39.8% chance of failing to detect health issues? Of course not. So, ask yourself why would you want to go for a cheap conveyancer or conveyancing solicitor where there’s a 39.8%* chance of buyers and sellers transactions collapsing in the UK conveyancing system

* according to OnTheMarket data (OTM is one of the top 3 UK property portals alongside Rightmove and Zoopla). 

Things That Other Conveyancers Don't Often Tell You About.

1/ How many tens of thousands of pounds would you lose if you didn’t move, with changing property prices, interest rates, mortgages, etc.?  

2/ What’s your emotional loss?  

It’s high. In a recent survey from Moverly, they reported that 83% of buyers and sellers suffered a stress-related, anxiety episode after dealing with their conveyancer or conveyancing solicitor and the sale or purchase of their home. 

Out of these 83%: 

  • – 72% of consumers found moving to be in the top 5 most stressful events of their lives;  
  • – 11% found moving to be the number 1 most stressful event.  

When you consider that death, health issues, and divorce are in the top 5, you will see just how stressful moving is.  

Reduce your risk. Don't choose cheap.

Think about the potential consequences of conveyancers selling their services cheaply. They may not be able to attract a sufficient number of conveyancers or conveyancing solicitors to work on your case with the resources, speed, and proactiveness to spend time pushing your case. For example, the national average: 

  1. a/ time to move is 5 months.  
  2. b/ These 5-month delays contribute to 40% of buyers and sellers that fail to move. 

In comparison,  

AVRillo’s investment investing in cutting-edge scientific and technological innovations and hiring and mentoring some of the best conveyancers and conveyancing solicitors in the UK to use these innovations and come up with out of the box solutions too, gives our clients: 

  1. a/ An AVRillo moving average of 40 to 60 days; not the 5-month national average elsewhere.  
  2. b/ 95% success rate (not the 39.8%* average fall through nationally) 

Average Conveyancing Costs

So, what would you expect to pay?

The conveyancing base cost for a specialist conveyancer or conveyancing solicitor with an above-average success record in moving a buyer or seller in buying and selling residential property would in our opinion range of between £2,000 to £3,000.  

However, if you want more certainty, above the average and nearer to a 95% success rate (not the average 60.02% success), then expect to pay closer to £5,000 in basic costs.  

The difference in price is far lower, by:

In answer to, ‘to go cheap or not to go cheap, that’s the question’, then it’s got to be a resounding, don’t go cheap if you’re worried about your failing to move. 

 

*according to OnTheMarket data (OTM is one of the top 3 UK property portals alongside Rightmove and Zoopla).