Buying or selling a property is one of the biggest financial commitments you’ll make, and understanding conveyancing costs is essential for budgeting effectively. At Lanarkshire Law Practice, we believe in transparency, ensuring our clients understand exactly what they’re paying for with no hidden surprises.
What Are Conveyancing Costs?
Conveyancing costs cover the legal fees and expenses involved in transferring property ownership. These fees apply whether you are buying or selling a home and typically include:
- Legal fees – The solicitor’s charge for handling the conveyancing process.
- Land and Buildings Transaction Tax (LBTT) – Scotland’s equivalent of Stamp Duty, payable when purchasing property over a certain threshold.
- Searches and Reports – Local authority searches, property title checks, and environmental reports to ensure there are no legal or planning issues with the property.
- Registration Fees – Payable to Registers of Scotland to record the change of ownership.
- Outlays – Third-party costs such as bank transfer fees and anti-money laundering checks.
Transparency in Conveyancing Fees
At Lanarkshire Law Practice, we are committed to providing a clear breakdown of costs upfront, so you know exactly what to expect. We don’t believe in hidden fees or last-minute surprises. Our Conveyancing Costs Calculator offers an instant estimate tailored to your transaction, helping you plan your budget with confidence.
Budgeting for Conveyancing: What You Need to Know1. Get a Clear Estimate
Use our Conveyancing Costs Calculator to get a breakdown of expected fees for your transaction. This ensures you have a realistic budget before proceeding.
2. Factor in LBTT and Registration Fees
If you’re buying a property, remember to check if Land and Buildings Transaction Tax (LBTT) applies. For most buyers, LBTT kicks in for properties over £145,000 (or £175,000 for first-time buyers). Registration fees are also required to legally update ownership records.
3. Understand Additional Costs
If you’re selling, you may need to provide a Home Report, which is an extra cost to consider. Buyers should also factor in potential mortgage arrangement fees, property surveys, and moving expenses.
Why Choose Lanarkshire Law Practice for Your Conveyancing?
- Experienced Solicitors – Our conveyancing team has extensive knowledge of Scots Law and the local property market.
- No Hidden Fees – We provide upfront pricing and full transparency.
- Personalised Support – We guide you through each step, ensuring a stress-free transaction.
- Easy Online Quotes – Our Conveyancing Costs Calculator gives you an instant estimate so you can budget with confidence.
Get Your Conveyancing Quote Today
Whether you’re buying or selling, getting a clear understanding of conveyancing costs is crucial. Use our Conveyancing Costs Calculator or contact our team for expert guidance.
📞 Call us today on [your phone number] or 📩 email [your email address] to discuss your conveyancing needs with Lanarkshire Law Practice.
