What Disbursement Costs Could You Expect When You Purchase a Property?

If you're looking to buy a property, you may have been advised to use a professional conveyancer to make the job a lot easier. This person will look over all the contracts and make sure that everything is in order, advising of any anomalies (such as easements or covenants). Yet, the conveyancer will also perform separate tasks that could each incur some costs and that you will be ultimately responsible for reimbursing. What are some of these costs, aka disbursements?

Many and Varied

There's no such thing as a stock list when it comes to disbursements, as the tasks will vary based on the type of property and its location.


However, at the top of the list will typically be a title search which is critical to make sure that the seller has the right to offer you the property. You need to find out if any encumbrances may not yet have been brought to your attention.

Planning Permission

The conveyancer may need to conduct a search with the local planning department to see if there are any particular restrictions. Also, make sure that if any work has taken place to the property in recent times, planning permission was in place, and everything is above board. The last thing you want is to buy a property and find that the extension was not approved and that you have to demolish it.

Outstanding Land Tax

You conveyancer may also have to conduct a land tax search. This is to find out if there are any outstanding amounts due for land tax, which would be passed on to you after completion if you are not careful. There are some technical requirements here that will determine whether such a search is necessary but if so, they are will typically be an associated cost.

Roads and Transport Search

A conveyancer will also consult the local council to see if there are any proposals in place relating to major infrastructure. You'll want to know if a road or rail line will be built near to the property as in the worst-case scenario, it could considerably decrease the property's value at that time.

Finding out the Details

These are just a few of the costs that could be incurred by a conveyancer and passed on to you for payment. Talk with your conveyancer and ask them what disbursements you should expect in your particular case. This will help you budget accordingly and avoid any surprises.

For more information on conveyancing, contact a professional near you.