What To Watch Out for When Comparing Conveyancing Quotes?

When you are comparing quotes from solicitors and conveyancers, it's important to make sure that you are comparing like-for-like.

Remember that a cheaper quote does not necessarily mean that you are getting a better deal.

Here is what leading London conveyancing solicitors AVRillo recommends looking out for when comparing quotes:

Check the services included: Some solicitors and conveyancers will include different services in their quotes. For example, some might include a search package while others might not. Make sure you check what is included in the quote to compare like-for-like.

Hidden costs: Check the small print of the quote to make sure that there are no hidden costs. For example, some solicitors and conveyancers might charge for disbursements separately, while others will include them in the overall price. Ensure that the disbursement fees are itemized to help you compare the total cost.

Ask about VAT: Some solicitors and conveyancers will charge VAT on their fees, while others will not. Make sure you check whether VAT is included in the quote so that you can budget accordingly.

Check the timeline: Some solicitors and conveyancers might quote a shorter timeline than others. While this might seem like a good deal, it's important to make sure that the quote is realistic. A shorter timeline might mean that corners are being cut, which could end up costing you more in the long run.

Extra fees: Some solicitors and conveyancers might charge extra fees for services such as acting on your behalf in negotiations or exchanging contracts. These extra fees can add up, so it's important to check whether they are included in the quote.

Should You Look For Fixed-rate or Hourly-rate Conveyancing?

The type of conveyancing fee you choose will depend on your personal circumstances. If you are on a tight budget, then fixed-rate conveyancing may be the best option for you. This is because you will know exactly how much you will need to pay for the service upfront, and you won't be surprised by any additional costs along the way.

If you are happy to pay a little more for a higher level of service, then an hourly-rate conveyancer may be a better option for you. This is because you will be paying for the time that the conveyancer spends working on your case, so you can be sure that you are getting a tailored service. If you are unsure about which type of fee to Choose, then you can always ask your conveyancer for advice. They will be able to assess your individual circumstances and advise you on the best option for you.

*Collaborative post