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 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

Buying or Selling a Freehold Property

Our fees vary according to the value of the Freehold property you are buying or selling. If the property is Leasehold then additional fees apply – see below:

Freehold Property Value Our Fee*
Up to £350,000 £900 +VAT
£350,001 to £550,000 £995 +VAT
£551,000 to £850,000 £1,195 +VAT
£851,001 to £1,000,000 £1,495 +VAT
£1,000,001 to £1,500,000 £1,795 +VAT
£1,500,001 and above Please call for quote

If you are buying and selling a property then a charge would be made both the sale and the purchase.

Additional Fees for Purchases

If you are purchasing a property and it falls into any of the categories below, then additional fees shown will apply, where applicable:

Our Fee*
New Build Property £300 +VAT
Help to Buy £250 +VAT
Help to Buy ISA £100 +VAT
Gifted Deposit £50 +VAT
Shared Ownership £300 +VAT
Unregistered Land £250 +VAT

See disbursements below for any additional charges.

Buying or Selling a Leasehold Property

If you are buying or selling a leasehold property then please add an additional £200 + VAT to the pricing for the Freehold Property Scale shown above.

Remortgaging a Property

We will charge £695 +VAT for a property remortgage. If a Transfer of Equity is required as part of the remortgage then an additional fee of £300 +VAT is applied. See disbursements below for any additional charges.

Other Charges

The following additional fees are likely to apply to your transaction and, if they do, will be included in any quote provided.

Our Fee*
CHAPS/Telegraphic Transfer Admin Fee £40 +VAT
Anti Money Laundering (AML) Check Admin Fee^ £5 +VAT per check
International AML Check Admin Fee^ £5 +VAT per check
Stamp Duty Land Tax Return £75 +VAT
Search Admin Fee £200 +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 for each check undertaken i.e. per name. International AML checks apply if you are not a UK resident or if you are currently living abroad.

Disbursements

The disbursements which you pay will depend upon whether you are buying or selling a property (or both), whether you are buying a freehold or leasehold property as well as 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:

Our Fee*
Search Admin Fee £200 +VAT
Land Charges Search £2 per name
Land Registry Search £3 per title number

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

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

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

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

a) Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 to £200 +VAT
b) 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 +VAT.
c) 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 + VAT.
d) Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £150 to £250 +VAT.
e) Leasehold Management Pack – This fee is chargeable when selling a leasehold property. Often it is between £150 and £300 + VAT.

If you are simply remortgaging then we do not anticipate that you will incur any disbursements except for perhaps a 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, along with a variety of other factors. 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 Estate Agency fees, 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 the costs that could apply in selling a freehold property for £500,000 (not incl. Estate Agency Fees):

Our legal fees £995.00 +VAT
Telegraphic Transfer Admin Fee (per transfer) £40 +VAT
Office Copy Entries £6 no VAT
AML Search Admin Fee (per name) £5 +VAT
Total £1,046 + VAT

Whereas the table below is a typical example of the costs that could apply in selling a freehold property for £500,000 and buying a freehold property for £575,000 (not incl. Estate Agency Fees):

Our legal fees (sale & purchase) £2,190 +VAT
Search Admin Fee (purchase) £200 +VAT
Telegraphic Transfer Admin Fee (sale & purchase) £80 +VAT
AML Search Admin Fee (per name) £5 +VAT
Stamp Duty Land Tax Return Admin Fee (purchase) £75 +VAT
Land Registry Fee (assuming benefit of online discount) £135 no VAT
Office Copy Entries £6 no VAT
Land Registry Search £3 no VAT
Land Charges Search £2 no VAT
HMRC Stamp Duty (assuming first time buyer) £18,750
Total £21,446 +VAT
VAT where applicable

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.

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 specialising 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 our Head of Department, Koysor Miah and our Partner, Simon Robinson

Koysor Miah

  • Solicitor
  • 10 years + post qualification experience
  • Deals with sales, purchases, remortgages and transfers of equity of all levels of complexity, including leasehold, shared ownership and new build. Koysor also undertakes Commercial Law and Litigation work.

Simon Robinson

  • Solicitor
  • 16 years + post qualification experience
  • Simon is our Commercial Law Partner but also deals with sales, purchases, remortgages and transfers of equity of all levels of complexity, including leasehold, shared ownership and new build.