Mortgage Knowledge Base
Solicitors’ disbursements are the costs that a solicitor incurs on behalf of a client during the course of a transaction, such as the purchase or sale of a property. These costs are separate from the solicitor’s professional fees and are typically passed on to the client as a separate charge.
Examples of solicitors’ disbursements might include:
- Land Registry fees: These are the fees charged by the Land Registry for registering the transfer of ownership of a property.
- Search fees: These are the fees charged by local authorities and other organisations for carrying out searches on the property, such as environmental searches and local authority searches.
- Stamp Duty Land Tax (SDLT): This is a tax that is payable on the purchase of a property over a certain price threshold.
- Bank transfer fees: These are the fees charged by banks for transferring funds between accounts.
Solicitors’ disbursements can vary depending on the nature of the transaction and the specific costs that are incurred. It is important for clients to be aware of the potential costs involved and to discuss them with their solicitor before proceeding with a transaction.
