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Guide to Disbursements

On March 2, 2015

Guide to Disbursements

What are disbursements?

Disbursements are the payments that your conveyancer makes to third party organisations as part of the house-buying process.

Disbursements don’t form part of a conveyancer’s own costs, but they are usually paid through your solicitor for convenience. Some organisations may only accept payment through a conveyancer.

Common payments to be made

Search fees

When you buy a property there are a number of standard enquiries your conveyancer will have carry out.

There are many types of search required throughout the legal process of conveyancing, and they are all charged at separate amounts. The most common searches include:

  • Local authority searches – this will give you a variety of information from issues with planning permission to conservation areas.
  • Drainage and water searches – telling you how water is supplied to your property & who is responsible for the maintenance of it.
  • Environmental searches – This will identify any environmental risks such as flooding, landslides or potentially contaminated sites.

The cost of a search and how many you’ll need varies greatly depending on the type of property you buy and the area it’s located. We will be able to discuss this in greater detail with you at the time of your move.

Land Registry fees

When you buy a property the transaction must be registered at the Land Registry. Once you’ve registered it, the information is published online including your name, the price you’ve paid for the property and any plans you have for the land.

Stamp Duty

Stamp duty is an ancient tax charged on any land or property transaction and is the biggest tax homebuyer’s face, payable by you when you sign the contract. The rate you’ll pay depends on the price and type of property you are buying, but could add thousands to the cost of buying a home.

For more information on disbursements, or any other costs when buying a property, please get in touch with a specialist conveyancer at Peter Robinson & Co.

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