Conveyancing Cost in 2024

If you’re planning to buy or sell a house or flat in the UK, it’s important to understand the costs involved in the conveyancing process is just one consideration, not the most important, which is will that conveyancer or conveyancing solicitors actually move you. That’s because 39.8% don’t. In this article, we will explore the conveyancing costs and other costs issues associated with property transactions, and the hidden traps of choosing cheap. By the way, Conveyancing refers to the legal work that is required to transfer the property from the seller to the buyer. 

The bits other lawyers don’t really tell you about when quoting conveyancing costs.

A whopping 40% of conveyancing transactions don’t make it through, potentially derailing your property deal and costing you tens of thousands, plus potentially 7 to 8 months lost of your time (including time on the market and lawyers time after offers accepted), as well as stress and an emotional toll on your wellbeing.

Luckily most consumers know you don’t get anything for free, nor is anything worth having cheap.

Thats why research after research shows that 85% of buyers and sellers are onto this—they steer clear of the cheap conveyancing cost quotes. Knowing full well that any upfront savings could cost them thousands more later, often tens of thousands.

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Why such a high failure move rate is more often associated with cheap quotes?

Typically, it can lead to overworked, underpaid, under recoursed conveyancers get bogged down, leading to slower processes, which can snag or completely halt deals in 50% of cases.

The truth is a cheap initial quote is a false economy. The real cost isn’t just in pounds lost but in stress, time, and missed opportunities.

Remember, in property, the cheapest choice can end up being the most expensive one. Join the 85% who prioritise a conveyancer’s reliability and track record over saving a few quid upfront. It’s not just about getting through conveyancing—it’s about getting it done at all when only 60% do.

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 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.

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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).

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

  1. 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. 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%:

  1. 72% of consumers found moving to be in the top 5 most stressful events of their lives; 
  2. 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.

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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 overage elsewhere. 
  2. b/ 95% success rate (not the 39.8% average fall through elsewhere )

Average Conveyancing Costs Conclusion

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:

  • not losing tens of thousands of you falling to move.
  • Thats apart from serious mental wellbeing risks associated with moving which according to research, 83% of buyers and sellers suffer a stress-related episode on moving.
  • Other cost fluctuations depend on the type of property you are buying or selling. Whether it’s a freehold or leasehold property, if it’s subject to cladding or safety issue.

Don’t forget to budget for government tax, VAT and third-party costs charged by, e.g., the Land Registry. These will be similar for all conveyancers and conveyancing solicitors.

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