Buying / Selling Conveyancing Fees

123imp

Hi All,

Have done a few searches to see if I could find an answer to this question from past posts, but nothing stood out for me.

My question is whether it is cheaper to buy/sell at the same time, with regards to conveyancing fees?

So, to clarify, if I had a property to sell and the sale went through with a solicitor, and they charged me for their conveyancing services to sell the property. Then I purchased a property a few months down the line, using the same solicitor, and they charged me for their conveyancing services to purchase the property. Would the total be more, or the same, as if I sold and purchased at the same time?

Hope this is clear.

Thanks.

user1977

I wouldn't say it's normal for there to be any discount - certainly not enough to warrant choosing to do it one way or the other.

hidden_sacrifice

In my experience, the only benefit was that they accepted one retention fee to cover buying and selling instead of it being double so my upfront cost was less

Megaross

Not really no, the same amount of work is being done for the sale and the purchase.

You might save a tiny amount on transfer fees as they won't need to transfer you the funds to then get them back for the onwards purchase. But then again, you'd lose out on that interest.

Additionally delaying your sale for the purchase would mean keeping that property for that time, which comes with a cost.

123imp

Thanks for the helpful responses. So if a solicitor lists their fees as £600 for buying/selling, then if you are doing both they will charge £1200 as basic fees?

TBG01

Yes. It's two separate transactions.