Residential Conveyancing Fees

Residential Conveyancing Fees

All conveyancing legal service fees are estimates for a standard case, a full case specific estimate can be obtained by contacting the Conveyancing Team.

All conveyancing legal service fees are based on standard transactions and do not take account of complexities that can arise for example: absence of planning permission/buildings regulation consent; unregistered titles; missing landlords, transactions not completing on the date set out in the contract etc. In such cases, our residential conveyancing time costs are charged at an hourly rate of £185 plus VAT (except in litigious matters) in addition to the legal service fee.

What OUR Legal Services on a Purchase will Cover

  • take initial instructions;
  • investigate the seller’s title;
  • raise standard and additional enquiries (if necessary) of the seller;
  • Leaseholds only: raise enquiries of the freeholder/managing agent;
  • if instructed to do so, carry out the usual conveyancing searches (see below) and follow up any issues raised;
  • negotiate and settle the contract;
  • liaise with your mortgagee and if instructed act in accordance with their instructions;
  • report on the transaction;
  • exchange contracts;
  • draft negotiate and settle the transfer
  • draft the stamp duty land tax return for your approval;
  • carry out pre-completion searches;
  • complete the matter;
  • deal with post completion matters including dealing with any requisite notices to the Landlord (for leasehold purchases only) the stamp duty land tax return or Land Transaction Tax (if the property is in Wales) and registering the purchase at the Land Registry.

The length of time to complete on a new purchase/sale will depend on a number of factors. The average process takes between 8-12 weeks but 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 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 12 months. In such, a situation additional charges would apply. Please refer to the Conveyancing Team for details of additional charges.

Freehold Purchase Legal Service Fees

PURCHASE PRICE

PURCHASE LEGAL SERVICE FEES

TOTAL (inc VAT)

£0-£500,000

From £1,000 to £1,500

£1,200 to £1,800

£500,0001 to £2,000,000

From £2,000 to £3,500

£2,400 to £4,200

£2,000,001 +

From £4,000

From £4,800

Additional Freehold Purchase Fees

 

FEES

TOTAL (incl VAT)

Bank Transfer Fee (per transfer)

£35.00

£42

Electronic Identification Verification (per person)

£10.00

£12

Postage, printing and incidentals

£50.00

£60

New Build Properties

£300.00

£360

Shared Ownership

£200.00

£240

Gifted Deposit

£50.00

£60

Help to Buy ISA (per account)

£50.00

£50

Please note we do not act on Help to Buy Scheme Properties.

Freehold purchase DISBURSEMENT Fees

 

FEES

TOTAL (incl VAT)

Land Registry Fee

http://landregistry.data.gov.uk/fees-calculator.html

No VAT

Stamp Duty Land Tax (including additional 3%)

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

No VAT

Land Transaction Tax (Property in Wales)

https://beta.gov.wales/land-transaction-tax-calculator

No VAT

Standard search fees (estimate)

£500.00

£600.00

Priority search

£3.00 per title

No VAT

Bankruptcy search

£2.00 per name

No VAT

Leasehold Purchase Legal Service Fees

PURCHASE PRICE

PURCHASE LEGAL SERVICE FEES

TOTAL (incl VAT)

£0-£500,000

From £1,250 to £1,650

£1,500 to £1,980

£500,0001 to £2,000,000

From £2,300 to £3,800

£2,760 to £4,560

£2,000,001 +

From £4,600

From £5,520

Leasehold Purchase Legal Service Fees

In addition to the fees set out in the Freehold section the following fees may also apply:

 

FEES

TOTAL (Incl VAT)

Deed of Variation

£350

£420

Lease extension – non-statutory document only

£400

£480

Please note we do not act on Help to Buy Scheme Properties.

Leasehold Purchase DISBURSEMENT Fees

In addition to the fees set out in the Freehold section, the following disbursements may also apply:

 

FEES

TOTAL (Incl VAT)

Notice fees (Dependent on lease) - estimate

£50

£60

Deed of Covenant (Dependent on Lease/Landlord) - estimate

£50

£60

Certificate of Compliance (Dependent on Lease/Landlord) - estimate

£100

£120

What OUR Legal Services on a Mortgage/re-mortgage will cover

  • take initial instructions;
  • investigate the title;
  • raise standard and additional enquiries (if necessary);
  • Leaseholds only: raise enquiries of the freeholder/managing agent;
  • if instructed to do so, carry out the usual conveyancing searches (see below) and follow up any issues raised;
  • liaise with your mortgagee and act in accordance with their instructions;
  • report on the transaction;
  • carry out pre-completion searches;
  • complete the mortgage;
  • deal with post completion matters including dealing with any requisite notices to the Landlord (for leasehold purchases only) and registering the purchase at the Land Registry.

Mortgage ONLY/Re-Mortgage Fees

VALUATION

MORTGAGE/RE-MORTGAGE FEES

TOTAL (Incl VAT)

 

 

 

£250,000-£500,000

From £850 to £950

£1,020 to £1,140

£500,0001 to £2,000,000

From £1,000 to £2,000

£1,200 to £2,400

£2,000,001 +

From £3,000

From £3,600

Additional fees and disbursement fees shall be similar to those set out in the purchase sections above.

What OUR Legal Services on a SALE will Cover

  • provide details of your title to the property to the buyer’s solicitor;
  • provide replies to standard enquiries;
  • For Leasehold properties - obtain and provide replies to standard enquiries of the freeholder;
  • deal with additional enquiries;
  • draft, negotiate and settle the contract;
  • report on the contract;
  • exchange contracts;
  • negotiate and settle the transfer;
  • complete the matter;
  • deal with post completion work. 

Freehold SALE Legal Service Fees

SALE PRICE

SALE LEGAL SERVICE FEES

TOTAL (inc VAT)

£0-£500,000

From £1,000 to £1,500

£1,200 to £1,800

£500,0001 to £2,000,000

From £2,000 to £3,500

£2,400 to £4,200

£2,000,001 +

From £4,000

From £4,800

additional Freehold SALE Fees

 

FEES

TOTAL (incl VAT)

Bank Transfer Fee (per transfer)

£35.00

 

Electronic Identification Verification (per person)

£10.00

 

Postage, printing and incidentals

£50.00

 

FREEHOLD SALE DISBURSEMENT Fees

 

FEES

TOTAL (incl VAT)

Land Registry copies

£3.00 per copy

 

Leasehold SALE Legal Service Fees

In addition to the fees set out in the Freehold sale section, the following fees may also apply:

 

FEES

TOTAL (Incl VAT)

Share of Freehold

£200

£220

Deed of Variation

£350

£420

Lease extension – non-statutory document only

£400

£480

Leasehold Purchase DISBURSEMENT Fees

In addition to the fees set out in the Freehold sale section, the following disbursements may also apply:

 

FEES

TOTAL (Incl VAT)

Landlord/Managing Agent enquires (Dependent on Landlord/Managing agent) - estimate

£300 to £400

£360 to ££420