Conveyancing costs and services

Purchase of a freehold residential property

This illustration relates to a property valued between £200,000 - £275,000.  Our fees will vary upwards or downwards if the property you are buying is less expensive or more expensive. 

Our fees may vary if you are referred to us through a panel scheme. All vat figures are charged at the current rate of 20%.

Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and 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 buy is in Wales.

Conveyancer's fees and disbursements

• Legal fee £995 +vat  (£1194.00 including vat)
• Search fees (Depending on the location of the property) £264.78
• HM Land Registry fee (If property is already registered) £150.00
• Electronic money transfer fee £40 +vat  (£48.00 including vat)
• For undertaking final lawyer checks fee £25 + vat (£30 including vat)
• Case Software Fee £25.00 +vat (£30.00 including vat)
• Archive Fee  £20.00 + vat (£24.00 including vat)
• Identity verification and due diligence check £35.00 + vat per client (£42.00 including vat)
• Estimated Subtotal £1782.78

Referral fees vary from one referrer to another.  If we have to pay a referral fee in relation to your transaction we will inform you of the precise amount of any such fee. 

Stamp Duty may be payable to HMRC in respect of your purchase in addition to our conveyancing fees referred to above. Please see below to enable you to calculate stamp duty payable on your purchase.

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. 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 here..

How long will 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 - 16 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 8 - 16 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the key stages are listed below:

• 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
• 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
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

Purchase of a leasehold residential property

Our fees cover all the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and 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 is in Wales.

Conveyancer's fees and disbursements for a leasehold property within the same price range of £200,001 - £275,000.00.

• Legal fee £995.00 +vat (£1194.00 including vat)
• Legal fee for leasehold element of transaction £550.00 +vat  (£660.00 including vat)
• We do not charge an extra fee for acting on behalf of the mortgage lender
• Search fees (Depending on location of property) £264.78
• HM Land Registry fee £150.00
• Electronic money transfer fee £40 +vat (£48.00 including vat)
• ​For undertaking final lawyer checks fee £25 + vat (£30 including vat)
• Case Software Fee £25.00 + vat (£30.00 including vat)
• Archive Fee £20.00 + vat £24.00 including vat)
• Estimated Subtotal £2,400.78

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 below. This list is not exhaustive and other disbursements may apply depending on the terms of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Based on a purchase price of £250,001 - £275,000

• HM Land Registry fee: £150.00
• Search fees (Depending on the location of the property) £264.78 including vat
• Electronic money transfer fee: £40 +vat (£48.00 including vat)
• Subtotal: £462.78

Anticipated Disbursements*

• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50.00 +vat (£60.00 including vat) & £250.00 +vat  (£300.00 including vat)
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00 +vat (£60.00 including vat) and £250.00 +vat (£300.00 including vat)
• Deed of Covenant fee – This fee is payable to the management company for the property but is difficult to estimate. Often it is between and £50.00 +vat (£60.00 including vat) - £250.00 +vat (£300.00 including vat)
• Certificate of Compliance fee - To be confirmed upon receipt of the lease, as it can range between £50.00 +vat (£60.00 including vat) – £250.00 +vat (£300.00 including vat)

*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 considered 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 this we receive this information.

Stamp Duty Land Tax

This depends on the purchase price of your property. 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.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, the key stages are listed below:

• 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
• Obtain pre-completion searches
• 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
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will 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 - 16 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 8 - 16 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 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 complication 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.

---

Sale of a leasehold residential property – information on pricing

This illustration relates to a property valued at £275,000.  Our fees will vary upwards or downwards if the property you are selling is less expensive or more expensive

Our fees may vary if you are referred to us through a panel referrer

Our fees cover all the work* required to complete the sale of your home, including paying off all charges secured on the property.

Conveyancer's fees and disbursements

• Legal fee (please click here for more details) £950 plus VAT (£1,140.00 including vat)
• Additional Legal Fee for dealing with Leasehold Property £450 plus vat  (£540.00 including vat)
• Electronic money transfer fee £40.00 plus vat per transfer  (£48.00 including vat)
• For undertaking final lawyer checks fee £25 + vat (£30 including vat)
• Identity verification and due diligence check £35 plus vat per person  (£42.00 including vat)
• Case software Fee £25.00 + vat  (£30.00 including vat)
• Archive Fee  £20.00 + vat (£24.00 including vat)
• Total vat payable £233.00

Estimated total: £1,854.00

Disbursements                               

Disbursements are costs related to your matter that are payable to third parties, such as Official Copy Entry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. 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.

• Standard Official Copy Entry fees: £6 per set plus VAT
• Fee for obtaining copy documents referred to on title - £3 per document plus VAT
• Subtotal: approximately £6 to £24 plus VAT
• Bankruptcy Search Fee £2.00 plus VAT per person

Anticipated Disbursements*

• Management Pack fees. These are to be paid to the managing agents or landlord to provide information and documents in relation to the property which is then forwarded to the buyer’s solicitor. The fees range from £100 to £500 (plus VAT in some instances) per pack.

*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.

The precise stages involved in the sale of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages:

• Take your instructions and give you initial advice
• Send out draft contract on receipt of initial documents
• Obtain initial redemption figures on all charges secured on the property
• Obtain management pack and send to buyer’s solicitors
• Receive enquiries and reply to them
• Send final contract to you for signature
• Arrange for signing of draft Transfer
• Agree completion date (date from which you will receive the sale funds)
• Obtain final redemption figure
• Provide completion statement
• Complete sale
• Deal with redemption of charges

How long will my house sale take?

How long it will take from the offer being accepted until you receive the proceeds of sale will depend on a number of factors. The average process takes between 12 and 16 weeks. It can be quicker or slower, depending on the parties in the chain.

* 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. the transaction is concluded in a timely manner and no unforeseen complication arise;
3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
4. no indemnity policies are required. An additional fee of £50 plus vat (£60.00 including vat) and disbursements may apply if indemnity policies are required;
5. the land is registered. If it is unregistered, an additional fee of £250 plus VAT (£300.00 including vat) will be charged;
6. if a declaration of trust, deed of variation or statutory declaration are required. (If one or other is needed, we will apply an additional charge, based on the additional work required, to prepare the necessary documentation).

---

Remortgage of a freehold  residential property – information on pricing

This illustration relates to a remortgage new loan value of between £200,000 - £275,000

Our fees may vary if you are referred to us through a panel referrer

Our fees cover all the work* required to complete the remortgage of your home, including paying off all charges secured on the property and registering the new mortgage at the Land Registry

Conveyancer's fees and disbursements

• Legal fee (please click here for more details) £550.00 plus vat  (£660.00 including vat)
• Additional Legal Fee for dealing with Second and Subsequent mortgages to be repaid £95 plus vat (£114.00 including vat) per mortgage
• Electronic money transfer fee £40.00 plus VAT per transfer  (£48.00 including vat)
• Identity verification and due diligence check £35 plus VAT per client  (£42.00 including vat)
• HM Land Registry Fee (based on value of mortgage) £60 (registered title)
• Search Indemnity Insurance – accepted by most lenders – approximately £20-£30
• Archive Fee £20.00 + vat (£24.00 including vat)
• Case Software Fee £25.00+ VAT (£30.00 including VAT)

Estimated total £1,008

VAT payable £142.00

 

Disbursements                               

Disbursements are costs related to your matter that are payable to third parties, such as Official Copy Entry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. 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.

• Standard Official Copy Entry fees: £6 per set plus vat  (£7.20 including vat)
• Fee for obtaining copy documents referred to on title - £3 per document plus vat (£3.60 including vat)
• Subtotal: approximately £6 to £24 plus VAT

The precise stages involved in the remortgage of a residential freehold property vary according to the circumstances. However, below we have suggested some key stages:

• Take your instructions and give you initial advice
• Send out draft contract on receipt of initial documents
• Obtain initial redemption figures on all charges secured on the property
• Receive your new mortgage and report to you
• Deal with special conditions attached to mortgage offer if applicable
• Agree completion date (date from which you will take up the new mortgage and repay your existing mortgages)
• Obtain final redemption figure
• Provide completion statement
• Complete remortgage
• Deal with redemption of charges
• Register the new mortgage at the Land Registry

How long will my house remortgage take?

How long it will take from the offer being accepted until you receive the proceeds of remortgage will depend on a number of factors. The average process takes between 8 and 16 weeks. It can be quicker or slower, depending on the parties in the chain.

* 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. the transaction is concluded in a timely manner and no unforeseen complication arise;
3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
4. no indemnity policies are required. An additional fee of £50 plus VAT (£60.00 including vat) and disbursements may apply if indemnity policies are required;
5. the land is registered. If it is unregistered, an additional fee of £150 plus VAT (£180.00 including vat) will be charged;
6. if a declaration of trust, deed of variation or statutory declaration are required. (If one or other is needed, we will apply an additional charge, based on the additional work required, to prepare the necessary documentation).