Residential conveyancing services

Our Conveyancing Costs

Our fees cover all aspects of residential conveyancing, including sales and purchases of both freehold and leasehold property, as well as transfers of property from, for example, the transfer of a jointly owned property to a single owner, dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to purchase is in Wales, and the remortgage of residential properties.  As you will appreciate, our fees are based on the value of the property and are as follows:-

Fees and Disbursements – Sales and Purchases

Price                                                                                        Charges

Up to £100,000                                                                    £575.00

£100,001 to £200,000                                                       £625.00

£200,001 to £350,000                                                       £695.00

£350,001 to £450,000                                                       £800.00

£450,001 to £650,000                                                       £875.00

£650,001 to £750,000                                                       £950.00

£750,001 to £1,000,000                                                   £1,150.00

£1,000,001 to £1,250,000                                                £1,750.00

£1,250,001 to £1,500,000                                                £1,950.00

£1,500,001 upwards                                                          To be quoted separately

  1. The prices above are exclusive of VAT and disbursements.
  2. For existing flats and maisonettes, you should add £200 to the above figures for a sale and £300 to the above figures for a purchase.

For new apartment purchases up to £1,000,000, typically in the City Centre – £1,200 plus VAT and disbursements.

  1. For “non-standard” properties, dependent upon complexity, the above figures may need to be varied.
  2. An additional charge £125 plus VAT may be made for dealing with mortgage packages taken on purchases.
  3. An additional charge of £75 plus VAT will also be made for completing Stamp Duty Land Tax Returns on purchase.

NB: Charges for making telegraphic transfers will need to be shown as costs.  This will be in the sum of £25 plus VAT for each transfer.

Remortgages

A standard Remortgage would generally be in the region of £450 plus VAT and disbursements.  This will depend, among other things, upon value and complexity.  If necessary, quote on individual cases.

Shared Ownership Transactions

An additional charge of £300 to the above mentioned charges.

In addition to the charges quoted above, you will be responsible for payment of VAT and the disbursements associated with the transaction.

Examples

We set out below a quotation for the following:-

  1. Sale of a freehold property at the price of £375,000:-

Legal fees                                                                                                 £800.00 + VAT £160.00

Electronic money transfer fee (per transaction)                             £25.00 + VAT £5.00

Land Registry Official Copies (per set) of the registered title      £6.00

Online client ID search (per name)                                                   £4.80

The above charge will also include the redemption of any existing mortgage/charge secured against the property.

  1. Purchase of a freehold property at the price of £455,000:-

Legal fees                                                                                                £875.00 + VAT £175.00

Search fees (approx. only)

(Note, however, this will depend on the charge made

by the relevant Local Authority)                                                        £350.00

Electronic money transfer fee (per transaction)                            £25.00 + VAT £5.00

Lawyer Checker                                                                                    £12.00

Online client ID search (per name)                                                  £4.80

HM Land Registry fees (if property is registered)                        £135.00

(if new build/1st registration)                  £270.00

Stamp Duty Land Tax (standard rate)                                            £12750.00

(if another property is owned

anywhere else in the world)                          £26400.00

  1. Sale of a leasehold flat at the price of £195,000:-

Legal fees                                                                                              £825.00 + VAT £165.00

Electronic money transfer fee (per transaction)                          £25.00 + VAT £5.00

Online client ID search (per name)                                                £4.80

Land Registry Official Copies of the registered title

£60.00 per set (leasehold and freehold title)                               £12.00

Leasehold Management Pack (approx. only – depends

on individual Managing Agents)                                                     £350.00

Lease costs (if any) as stipulated in the Lease

  1. Purchase of a leasehold flat at the price of £195,000:-

Legal fees                                                                                             £925.00 + VAT £185.00

Search fees (approx. only)

(Note, however, this will depend on the charge made

by the relevant Local Authority)                                                    £350.00

Electronic money transfer fee (per transaction)                        £25.00 + VAT £5.00

Lawyer Checker                                                                                 £12.00

Online client ID search (per name)                                              £4.80

HM Land Registry fees (if property is registered)                     £95.00

(if new build/1st registration)               £190.00

Stamp Duty Land Tax (standard rate)                                         £1400.00

(if another property is owned
anywhere else in the world)                    £ 7250.00

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees.  We handle the payment of the disbursements on your behalf to ensure a smoother process.  There are certain disbursements which will be set out in the individual Lease relating to the Property.  The disbursements which we anticipate will apply are set out separately above.  This list is not exhaustive and other disbursements may apply depending on the term of the Lease.  We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.   The leasehold disbursements as stated above vary from property to property and can on occasion be significantly more than the ranges given above.  We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property.  We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Anticipated Disbursements:-

Notice of Transfer fee – This is chargeable as set out in the Leasehold Management Pack.  Often the fee is between £75-£150 + VAT.

Certificate of Compliance and Deed of Covenant (if applicable) – to be confirmed upon receipt of the Leasehold Management Pack and often between £100-£150 per item.

These fees vary from property to property and can on occasion be significantly more than the ranges given above.  We can give you an accurate figure once we have sight of your specific documents.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property, whether you are a first time buyer or own any other property elsewhere in the world.  You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.

How long with my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors.  The average process takes between 8 – 12 weeks.

It can be quicker or slower, depending on the parties in the chain.  For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 10 weeks.  However, if you are buying a leasehold property that requires an extension of the Lease, this can take significantly longer.  In such a situation, additional charges would apply.

Our fee assumes that:

  1. This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  2. This is the assignment/transfer of an existing Lease and is not the grant of a new Lease
  3. The transaction is concluded in a timely manner and no unforeseen complications arise
  4. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. No indemnity policies are required.  Additional disbursements may apply if indemnity policies are required.

Stages of the Process

The precise stages involved in the purchase of a residential property vary according to the circumstances.  However, below we have suggested some key stages that you may wish to include:-

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Draft transfer
  • Advise you on joint ownership, if applicable
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Obtain pre-completion searches
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances.  However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership, if applicable
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has hasppened
  • Arrange for all monies needed to be received from lender and you
  • Obtain pre-completion searches
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Fee earners

Residential conveyancing work is predominantly undertaken by either Lesley Power or Kimberley Anderson. Both are qualified solicitors and experienced conveyancers. They work almost exclusively on residential conveyancing matters.