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Costs and our conveyancing service

Our Costs and Charges for Residential Conveyancing Transactions and the Services we Provide

We do not have a fixed cost for all conveyancing transactions, costs will depend on a variety of factors including the value of the property, if it is leasehold or freehold or if it is a new -build property. Please see our table of prices.

There may be other factors that would increase the costs of the service. For example:

  • If legal title is defective or part of the property is unregistered
  • If you discover building regulations or planning permission has not been obtained
  • If crucial documents, you have previously requested from the client have not been provided
  • If additional Parcels of land are involved

We will advise you in more detail of any extra charges when we receive your documentation.

The example shown below is for:

Purchase of a freehold residential property – Value £500,000- No additional factors

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 £975.00 +VAT
  • Search fees £275.00 including VAT charges by the provider – (Depending on local Authority)
  • HM Land Registry fee £135.00 (not Vatable)
  • HM Land Registry Searches £15.00 +VAT
  • HM Land Registry Office Copy Entries £15.00 + VAT
  • Bankruptcy Fee £2.00- Not Vatable ( Single owner with a mortgage)
  • SDLT Form Fee £30.00 + VAT
  • Electronic money transfer fee £30.00 + VAT
  • VAT payable £213.00

Estimated total: £1690.00

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) – £10,000.00

This depends on the purchase price of your property and if you own other property You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
or if the property is located in Wales by using the Welsh Revenue Authority’s website –
https://beta.gov.wales/land-transaction-tax-calculator.

Land registration fees also depend on the price of the property . Please see the land registry website
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Estimated total £11,690.00

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 faster 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, if the property is ready for occupation. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 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. Key stages are:

  • 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

Example shown below is for the Purchase of a leasehold residential property value £500,000

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

  • Legal fee £1,225.00 +VAT
  • Fee for acting on behalf of the mortgage lender – No Extra Charge
  • Search fees £275.00 including VAT charges by the provider – (Depending on local Authority)
  • HM Land Registry fee £135.00- Not Vatable
  • HM Land Registry Searches £15.00 +VAT
  • HM Land Registry Office Copy Entries £15.00 + VAT
  • Bankruptcy Fee £2.00- Not Vatable (Single owner with a mortgage)
  • SDLT Form Fee £30.00 + VAT
  • Electronic money transfer fee £30.0 +VAT
  • VAT payable £263.00
  • Estimated total: £1,990.00

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 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*

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £80 – £300
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £80 – £300
  • 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 £50- £200
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50-200

*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.

Stamp Duty Land Tax – £10,000.00

This depends on the purchase price of your property. There are additional charges if you already own a property, You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
or if the property is located in Wales by using the Welsh Revenue Authority’s website
https://beta.gov.wales/land-transaction-tax-calculator
Grand total £11,990 not including any anticipated disbursements

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
  • 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 6-12 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 if the property is ready for occupation. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. 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
    the transaction is concluded in a timely manner and no unforeseen complication arise
    all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  3. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Re-mortgages

We charge a flat fee of £350.00 plus VAT.
Disbursements- estimates
Land Registry searches – £15 + VAT- depending on title
Land Registry Fees – as per scale 2 fees
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Bankruptcy search – £2.00 per person
TT Fee – £30 + VAT per transaction
Local search – £250.00 depending on local authority

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