Average NLIS conveyancing search fee reduced

09.06.09

The latest official Local Authority data from Land Data reveals the national average price for an electronic local authority (LA) combined CON29R and LLC1 property search has reduced from £114 (March '09) to £109 (April '09), and the average electronic CON29R fee has reduced from £94 (March '09) to £88 (April '09). Fees from 140 LAs were analysed.

315 LAs now charge less than £150 compared to 303 in March '09.

149 LAs charge below £100 against 140 in March '09 and 10 LAs charge over £200 compared to 12 in March '09.

The reduction in fee is a direct result of the new fee charging regimes introduced on 6th April which mean that both the LLC1 and CON29R search fees are now charged on a cost recovery model.

Land Data CEO Jan Boothroyd commented: "It is encouraging to see that LA fees are getting closer to the objective of charging on a cost recovery basis. Authoritative electronic searches from a reliable source with a reduced fee will ultimately be better value for money for consumers.”

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