What is a Fixed Fee Conveyancing?

In Ipswich, the legal service provided for conveyancing for a pre-agreed rate is called fixed-fee conveyancing Ipswich. With the fixed-fee conveyancing Ipswich, the rate quoted by the conveyancer at the outset is the rate to be paid at the end of the conveyancing.

The rate of the fixed fee covers the offered conveyancing services. However, conveyancing disbursements are rarely included with the fixed-fee conveyancing Ipswich. While this could be a disadvantage, fixed-rate conveyancing has become highly popular compared to the hourly rate service.

The smartest way to stick to your budget in the conveyancing process is to know the advantages between hourly rate conveyancing and fixed-fee conveyancing.


What is a Fixed-fee Conveyancing Lawyer?


A fixed fee rate offered by fixed-fee conveyancers provides a welcome alternative to the hourly fee basis. Opting for the fixed rate at the start of the conveyancing process allows both buyers and sellers to work within their budget.

The legal process of selling or buying a property in Ipswich is the responsibility of a fixed-fee conveyancer. Any legal jargon and terms of the contract along the way will be guided by the conveyancer.

Liaising with third parties, contract drafting, and arranging property searches are some of the tasks included in the services of fixed-fee conveyancers.


Fixed Conveyancing Costs


Fixed fee conveyancing costs vary depending on the required services needed, property value, and the time spent in doing the legal work. Processing paperwork and even photocopying are some of the extra fees fixed-fee conveyancer charges.

Basically, the costs of the fixed conveyancing covers:

  • Third-party services such as search estimate
  • The legal fee of the conveyancer
  • VAT


It must be noted that searches and disbursements are part of the conveyancing process. Elements such as local authority search, bankruptcy search, environmental search, and stamp duty land tax fees are added expenses other than the fixed rate agreed upon.

It is always smart to ask for a full upfront breakdown of the quote from a conveyancer before hiring his/her services.


How to Avoid Being Overcharged


Conveyancing costs are certainly reduced when opting for a fixed-fee service. However, you also run the risk of being overcharged if you’re not careful. The things you need to do to avoid being overcharged include:

  • Hidden costs are nasty. The best way to avoid them is to read the Terms and Conditions carefully. If the terms include additional charges, ask for an explanation about it from the conveyancer.
  • The quote offered by the conveyancer should be carefully read. It should include disbursements and his/her legal fee.
  • Avoid the risk of hidden charges by understanding how much you need to pay for the services offered. A lack of transparency from the conveyancer is a red flag.
  • Question any charge/s you don’t understand. It is your right to ask for an explanation about charges that are not included in the fixed-fee agreement.


Is A No Sale, No Charge Guarantee a Better Option?


The no-sale, no-charge guarantee conveyancing differs from the fixed-fee conveyancing. In the no sale, no charge conveyancing, no legal fees are required from you if the sale of the property is not realised.

However, third-party costs provided by the conveyancer during the conveyancing process will have to be paid even when the sale does not go through. It’s always a smart move to ask the conveyancer if he/she offers either a no-sale, no-fee guarantee or a fixed-fee conveyancing.


Give Ipswich’s trusted conveyancing experts a visit to find out more.