What Are Disbursements?

Conveyancing fees are one of the lower costs that most home buyers face with estate agent fees and stamp duty often proving to be the real crippling charges. This combined with the competitiveness of the market means that conveyancing really is one of the cheaper aspects of a home move but the disbursements can sometimes come as a shock, especially if you haven’t been forewarned of these potential charges.

Disbursements are the fees that are paid to third parties by a conveyancer or solicitor as part of the property purchase. They are necessary fees and both buyer and seller will be faced with some level of disbursement although they do differ slightly. Obviously, if this means that you are buying one property and selling your current one then you will have both sets of fees to pay during the transaction.

The total amounts involved do vary from cases to case and are dependent on whether you are buying, selling, or remortgaging a property. You should expect to pay Land Registry fees, insurance fees, telegraphic transfer fees, and search fees. For an average property the disbursement fees usually associated with the purchase of a home can range from £200 and upwards excluding stamp duties and mortgage costs.

Disbursement charges are those payments made to third parties by the conveyancer during the conveyancing process. These are unavoidable and necessary charges that need to be considered a part of the home buying and selling process and some of them may go unnoticed because they are included in other payments.