Our charges: buying and selling residential property

How much do we charge?

You can find full details of how we calculate our conveyancing charges below. For a quote specifically tailored to your case please just fill in the form above and we can give you an exact quote.

Our charges are made up of:

a) Our fees for the legal work;

b)‘disbursements’ – disbursements are costs related to your matter that are payable to other people, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process; and

c) for property purchases, Stamp Duty Land Tax (see below).

Our fees

Our fees depend upon the value of the property you are buying or selling and are listed below:

Property Value                                                            Our Fee (excl VAT)

Up to £180,000                                                                 £700

£180,001 to £350,000                                                     £800

£350,001 to £450,000                                                     £900

£450,001 to £600,000                                                     £1,000

£600,001 to £700,000                                                     £1,100

£700,001 to £800,000                                                     £1,200

£800,001 to £900,000                                                     £1,300

£900,001 to £1,000,000                                                  £1,500

£1,000,001 to £1,250,000                                               £1,600

£1,250,001 to £1,500,000                                               £1,800

 

If you are buying and selling a property then a charge would be made both the sale and the purchase.  If you are simply re-mortgaging your property then we charge a fixed fee of £450.00 excluding VAT.

If you are buying, selling or re-mortgaging a ‘leasehold’ property (rather than a ‘freehold’) then there is an additional charge of £100.00 excluding VAT.

Please note that VAT of 20% is also charged on all of our fees or legal work.

If, at any point during the transaction, money needs to be sent by telegraphic transfer, we charge a fee of £35 excluding VAT.

We use an external company to undertake Anti Money Laundering checks on our behalf. This is a legal requirement and we will charge a fee of £5 excluding VAT for each check undertaken.

If you are buying a property we will complete the HMRC stamp duty form on your behalf and submit it at the completion of the transaction. For this we charge a fee of £55 excluding VAT.

Disbursements

The ‘disbursements’ which you pay will depend upon whether you are buying or selling property or both, whether you are buying a freehold or leasehold property and the location and type of property concerned. Properties in certain locations for example need more searches and checks than others.

Normally all clients who are buying a ‘freehold’ property will need to pay the following disbursements:

Search fees £193.50 excluding VAT

HM Land Registry fee can be calculated using the HMLR Fee Calculator here.

Land Charges Search £2 per name.

Land Registry Search £3 per title number.

When selling a property you will ordinarily need to pay the following disbursements:

Land Registry Office Copy Entries and Title Plan £6 per title number

If the property is a ‘leasehold’ property then the disbursements will be different and normally consist of:

Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50-£200.

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 and £200.

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 and £250.

Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £150 – £250.

Leasehold Management Pack – This fee is chargeable when selling a leasehold property. Often it is between £150 and £300.

If you are simply remortgaging then we do not anticipate you incurring any disbursements except for Notice, Deed of Covenant and Certificate of Compliance fees in line with the above for leasehold properties only.

Stamp Duty Land Tax

If you are buying a property you will also need to pay stamp duty land tax. The amount which you need to pay to the government depends on the price of the 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.).

Other costs to consider

If you have a mortgage on the property or have incurred an estate agent’s fee money we would also typically need to pay the money owed directly to your lender and agent as needed from the sale money we receive for you.

You should also be aware that if you are purchasing a leasehold property then ground rent and service charges 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.

Examples of our charges

The table below is a typical example of what charges we would make to the client selling a freehold property for £300,000.00:

Our legal fees of £800 plus VAT                                                                £960.00

Telegraphic Transfer Admin Fee (assuming only one transfer)         £42.00

Office Copy Entries                                                                                       £6.00

AML Search Admin Fee (per name)                                                          £6.00

TOTAL                                                                                                                 £1,014

Whereas the table below is a typical example of what charges we would make to a client selling a property for £200,000.00 and buying a new property for £350,000.00:

Our legal fees of £1,500 excl VAT                                                        £1,800.00

Search fees                                                                                                £232.20

Telegraphic Transfer Admin Fees                                                        £84.00

AML Search Admin Fee (per name)                                                     £6.00

Stamp Duty Land Tax Admin Fee                                                        £66.00

Land Registry Fee (assuming benefit of LR online discount)       £135.00

Office Copy Entries                                                                                 £6.00

Land Registry Search                                                                              £3.00

Land Charges Search                                                                              £2.00

HMRC Stamp Duty (assuming first time buyer)                               £7,500.00

TOTAL                                                                                                            £9,834.20

How long will my house sale / purchase take?

How long it will take from your offer being accepted to completion will depend on a number of factors. The average process takes between 8 and 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 and the transaction goes smoothly it could take as little as 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 6 months. In such, a situation additional charges would apply.

What legal work will you be doing for me?

The precise stages involved vary according to the circumstances.

However typically in a property sale, we need to do the following:

Take your instructions and give you initial advice

Receive and advise on sale contract documents where applicable

Carry out searches on the property you are buying where appropriate

Give you advice on all documents and information received

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

Complete the transaction

In a property purchase we need to do the following:

Take your instructions and give you initial advice

Check finances are in place to fund purchase where applicable and contact lender’s solicitors if needed

Carry out searches on the property you are buying where appropriate

Obtain further planning documentation if required

Make any necessary enquiries of seller’s solicitor where applicable

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

If we are simply helping you to remortgage your property then we would generally speaking only need to:

Take your instructions and give you initial advice

Carry out searches on the property you are buying where appropriate

Obtain further planning documentation if required

Go through conditions of mortgage offer with you.

Send final documents to you for signature

Apply for mortgage advance.

Redeem any previous mortgages

Deal with application for registration at the Land Registry.

Who will be dealing with my matter?

Your conveyancing transaction will be handled by a trusted member of our experienced conveyancing team.  We have a number of qualified lawyers in the team as well as experienced paralegals specialised in this area of law. Once we know who will be handling your case for you we will introduce you to them and provide you with full details of their background and qualifications.  Full details of the experience and qualifications of our team are available on our website here including the types of work normally undertaken.

Regardless of who is working on your case, the matter will be supervised by one of our partners?:

Stuart Baldwin

  • Licensed Conveyancer
  • 14 years post qualification experience
  • Deals with sales, purchases, remortgages and transfers of equity or all levels of complexity, including leasehold, shared ownership and new build.

Simon Robinson

  • Solicitor
  • 14 years post qualification experience
  • Simon is our commercial partner but also deals with sales, purchases, remortgages and transfers of equity or all levels of complexity, including leasehold, shared ownership and new build.