Conveyancing costs rise 18% in 12 months - Property Notify

Conveyancing costs rise 18% in 12 months - Property Notify

New insight from Moverly reveals that conveyancing costs have increased by as much as 18% in the past year, highlighting the growing pressures on the UK property transaction process.Analysis of estimated UK conveyancing cost data* shows that homebuyers are currently paying an average of £1,375 when purchasing a freehold property, and £1,746 when purchasing a leasehold.This marks an annual increase of +13% for freehold costs, and +13.3% for lease…