Conveyancing Services – Fee structure

Purchase of a freehold residential property

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

Conveyancer’s fees and disbursements

  • Legal fee £ See table below

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.

Anticipated disbursements: –

  • HM Land Registry fee: £40 – £455 (based on the purchase price of the property)
  • Search fees: £450.00 – approximately
  • Electronic money transfer fee: £48
  • 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 here..

 

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. We have summarised some of the key stages below as follows:

  • Take your instructions and give you initial advice
  • Advise you on joint ownership
  • 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
  • Draft and agree the terms of the Transfer Deed
  • Obtain pre-completion searches
  • 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 -12 weeks.

It can be quicker or slower, depending on a variety of factors such as the parties in the chain and the nature of the transaction and the availability of finance.

 

 Purchase of a leasehold residential property

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

Conveyancer’s fees and disbursements

  • Legal fee £ See table below

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 term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements: –

  • HM Land Registry fee: £40 – £455 (based on the purchase price of the property)
  • Search fees: £450.00 – approximately
  • Electronic money transfer fee: £48
  • 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.

 

Leasehold anticipated Disbursements*

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 – £90
  • 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 – 90
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100- 250.

*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.

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.

 

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. We have summarised some of the key stages below as follows:

  • Take your instructions and give you initial advice
  • Advise you on joint ownership
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Review and advise on the terms of the lease
  • 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
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Draft Transfer
  • Obtain pre-completion searches
  • 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 -12 weeks.

It can be quicker or slower, depending on a variety of factors such as the parties in the chain and the nature of the transaction and the availability of finance.

If you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between X and X months. In such, a situation additional charges would apply.

 

Sale of a freehold or leasehold residential property

Our fees cover all the work* required to complete the sale of your property, including redeeming your mortgage (if applicable), paying your estate agents fee and in the case of leasehold sales, dealing with your landlord/management company to obtain replies to standard leasehold enquiries.

Conveyancer’s fees and disbursements

  • Legal fee £ See table below

Disbursements are costs related to your matter that are payable to third parties, such as obtaining official copies of your title from the land registry. search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Anticipated Disbursements: –

  • Official Copies of title – £6
  • Official Copy of Lease (leasehold sales only) -£6
  • Management Pack (leasehold sales only)

This is the Landlord or Management companies fee for providing a standard Management pack or replies to the Leasehold Property Enquiry Form. Fees can range from £150 -£450 –

  • Electronic money transfer £40
  • VAT £8

 

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. We have summarised some of the key stages below as follows:

  • Take your instructions and give you initial advice
  • Obtain Title deeds from you/ your lender/ land registry
  • Obtain a redemption statement from your lender
  • Send you the Fittings and Contents Form, Property Information Form and Leasehold Information Form (if applicable) for you to complete and return
  • Examine the extent of your title
  • Review your documents to ensure they are completed correctly and obtain any missing documents or additional information
  • If leasehold – send the LPE1 or request for the management pack to your landlord/management company
  • Draft Contract and submit contract pack to the buyers solicitor
  • Deal with enquiries raised by the Buyers solicitor, taking your instructions and advising as necessary
  • Agreeing form of Contract
  • Arranging for you to sign the Contract
  • Agreeing completion date
  • Exchange Contracts and notify you this has happened
  • Obtain up to date redemption statement from your lender
  • If leasehold –obtain up to date service charge and ground rent statements from you landlord/management company
  • Agreeing form of Transfer and arranging for you to sign this
  • Complete sale
  • Deal with redemption of your mortgage and payment of estate agents invoice
  • If leasehold deal with payment of any service charge/ground rent arrears.
  • Advise you on joint ownership

 

How long will my house sale take?

How long it will take from accepting an offer to purchase your property until the sale is completed will depend on a number of factors. The average process takes between 8 -12 weeks.

Please note:

* 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. (if leasehold) this is the assignment of an existing lease and is not the grant of a new lease
  3. Title to the property is registered
  4. The transaction does not involve the purchase of a New Build, Shared Ownership or Right to Buy property
  5. the transaction is concluded in a timely manner and no unforeseen complication arise
  6. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  7. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  8. Finance is being obtained on standard terms. This does not include bridging finance, Help to Buy Mortgages, Help to Buy Isa or Islamic Mortgages.

OUR FEES

 SALE AND PURCHASE FEES

Purchase Price Freehold Leasehold
£0 – £500,000 £1,000 – £1,200 £1,200 – £1,400
£500,000 – £750,000 £1,200 – £1,500 £1,400 – £1,700
£750,000 – £1,000,000 £1,400 – £2,000 £1,600 – £2,200
£1,000,000 – £1,250,000 £1,600 – £2,250 £1,800 – £2,450
£1,250,000 -£1,500,000 £1,800 – £2,400 £2,000 – £2,600
£1,500,000 – £2,000,000 £2,000 – £2,600 £2,200 – £2,800
£2,000,000 – £2,500,000 £2,200 – £2,800 £2,500 – £3,000
£2,500,00 – £3,000,000 £2,500 – £3,500 £2,700 – £3,700
£3,000,000 – £4,000,000 £3,500 – £4,500 £3,700 – £4,700
£4,000,000 – £5,000,000 £4,500 – £5,500 £4,700 – £5,700
£5,000,000 – £6,000,000 £5,500 – £6,500 £5,700 – £6,700
£6,000,000 – £7,000,000 £6,500 – £7,500 £6,700 – £7,700
£700,000 – £8,000,000 £7,500 – £8,500 £7,700 – £8,700

 

REMORTGAGE FEES

Loan Value Freehold Leasehold
£0 – £500,000 £650 – £1,000 £750 – £1,100
£500,000 – £750,000 £750 – £1,200 £850 – £1,300
£750,000 – £1,000,000 £950 – £1,300 £1,050 – £1,400
£1,000,000 – £1,500,000 £1050 – £1,400 £1,150 – £1,500
£1,500,000 – £2,000,000 £1,250 – £1,850 £1,450 – £1,950
£2,000,000 – £2,500,000 £1,250 – £1,850 £1,450 – £1,950
£2,500,00 – £3,000,000 £1,250 – £1,850 £1,450 – £1,950
£3,000,000 – £4,000,000 POA

ADDITIONAL NON-STANDARD WORK

Our fee estimate covers all standard work that will be required to carry out the conveyance of your property.  However, it sometimes becomes apparent during the course of the transaction that certain non-standard steps will be required.  This can result in significant extra work.

If such non-standard work is required, we reserve the right to apply additional extra charges.

We have set out below examples of such matter with details of the fees we charge for dealing with them.  The list is not exhaustive.

Please note that if we become aware that any of these matters are required we will notify you as soon as possible.

 

TYPE OF WORK                                                                         PRICE GUIDE

 

Deed of Gift Minimum £495.00 plus VAT
Deed of Substituted Security Minimum £300.00 plus VAT
 Deed of Postponement £350.00 plus VAT
Dealing with Deed of Guarantee £95.00 plus VAT
Advising/Dealing with Superior Leases £350.00 plus VAT
Dealing with Occupiers Consent form £ 95.00 plus VAT
Deed of Variation of Lease Minimum £795.00 plus VAT
Negotiating variations/amendments to a new Lease Price available on request
Mutual Deed of Covenant for flying freehold Minimum £495.00 plus VAT
Drafting additional Contract packages for sale Contract Race £450.00 plus VAT
Deed of Easement (to grant rights) Minimum £495.00 plus VAT
Statutory Declaration for Title rectification £250.00 plus VAT
Deed of Rectification £250.00 plus VAT
Time spent dealing with any queries post completion  £100.00 plus VAT
Purchase of Freehold reversion for Leasehold property Price available on request
 Drafting or approving a Deed of Covenant £150.00 plus VAT
Dealing with Certificate of Compliance £150.00 plus VAT
Dealing with Licence to Assign/Rent Deposit Deed £350.00/£450.00 plus VAT
Dealing with setting up a defective Title indemnity policy £150.00 plus VAT
Redemption of additional mortgages/loans £150.00 plus VAT
Consideration and advising re Home Buyers Survey Report £ 95.00 plus VAT
Dealing with Guarantees for works £ 95.00 plus VAT
Completion within two weeks of exchange £150.00 plus VAT
Dealing with HTB Isa £ 50.00 plus VAT
Dealing with HTB Mortgage £200.00 plus VAT
Purchase of New Build Property £250.00 plus VAT
Purchase of Shared Ownership Property £250.00 plus VAT
Purchase or sale of unregistered land £250 plus VAT
Purchase/Grant of New Lease £350 plus VAT
Purchase of Right to Buy Property £150.00 plus VAT