How much will Conveyancing fees cost for a First Time Buyer?

As a first time home buyer, it is important to really appreciate and understand exactly how much the cost of things such as Conveyancing fees are going to set you back, and so ensure that you budget accordingly when you plan to buy for the first time.

When you have seen your dream property, you will make an offer normally through the seller’s estate agents. It is here that you will be presented with the Conveyancing fees for that property. Usually you will be asked to pay a deposit of 1-10% to guarantee that the seller will sell to you.

The Conveyancing fees that you will be required to pay will be based on the charges of the solicitors acting on behalf of the seller. Usually, these conveyancing fees can be broken down in to three separate amounts

• Solicitors Cost - Searches
• Disbursement
• Post completion fees

Buying your first house is a very exciting time, but it is important that you are sure that you are not going to get any expensive surprises when it comes to your conveyancing fees, and so it is vital that you look for the best advice possible, as well as a very good calculator to work out what you can really afford.