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Residential Conveyancing Prices

Buying a house is one of the most expensive purchases which you will make and so it is important that you choose the right solicitor to help you.

There are a number of factors which you should consider in making that choice, including speed of service, accessibility, expertise, experience and price. Email us or call 01202 525333 and we will talk you through that process and give you a price for acting for you.

We have given you some examples below of the prices which we charge. However, the prices we charge vary on a number of factors, including the value of the property which you are purchasing. Email us or call 01202 525333 and we will give you a price tailored to your situation.

1. Purchase of a freehold residential property

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.

The example below is based on a freehold purchase in the sum of £350,000

Purchase of Freehold Residential Property at £350,000
Our Fees
Legal Fee £775.00
Mortgage Discharge Fee £100.00
SDLT Form Completion Fee £90.00
Electronic Money Transfer Fee £45.00
Disbursements
HM Land Registry Fee £270.00
Chancel Repair Insurance £15.95
Search Fees (approximately) £300.00
Land Charge Search (per person) £2.00
Land Registry Priority Search £3.00
VAT £203.00
Estimated Total £1,803.95


Referral fees

On a few occasions, we may pay a referral fee to an estate agent for referring you to us. If we do pay a referral fee, we will tell you the amount. It will not affect the amount which you pay to us.

Disbursements

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)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website here or, if the property is located in Wales, by using the Welsh Revenue Authority's website here.

Estimated total:-

Purchase price£350,000.00
Fee, disbursements and VAT£1,803.95
Stamp Duty£7,500.00*
TOTAL£359,303.95

*You may be entitled to first time buyer relief or have to pay additional Stamp Duty if you are buying a second property. Email us or call 01202 525333 and we will advise you of the Stamp Duty payable in your case.

Timescale

It is difficult to give an accurate indication of the time it will take to complete your transaction as much will depend upon influences beyond our control such as the number of parties in the chain and their ability to proceed, mortgage offers, searches etc.

However, the average conveyancing transaction takes approximately 4 to 6 weeks to exchange of Contracts and a further 2/3 weeks to Completion.

We will however endeavour to meet your requirements and keep you regularly updated as the matter progresses.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances, but may include the following stages:-

  • 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

Our fee assumes that:

a. 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

b. the transaction is concluded in a timely manner and no unforeseen complication arise

c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

d. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

2. Purchase of a leasehold residential property

The example provided below is based on a leasehold purchase in the sum of £250,000

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.

Purchase of Leasehold Residential Property at £250,000
Our Fees
Legal Fee £1,050.00
Mortgage £100.00
SDLT Form Completion Fee £90.00
Electronic Money Transfer and Administration Fees £45.00
Disbursements
HM Land Registry Fee £135.00
Chancel Repair Insurance £15.95
Search Fees (approximately) £300.00
Land Charges Search (per person) £2.00
Land Registry Priority Search £3.00
VAT £318.00
Estimated Total £2,058.95


Referral fee

On a few occasions, we may pay a referral fee to an estate agent for referring you to us. If we do pay a referral fee, we will tell you the amount.

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 £75.00-£350.00

Notice of Charge Fee (if the property is to be mortgaged).

This fee is set out in the lease. Often the fee is between £50.00-£350.00

Dead of Covenant Fee

This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £75.00-£125.00 to be confirmed upon receipt of the lease, this can range from £75.00-£125.00

Certificate of Compliance Fee

To be confirmed upon the receipt of the release, this can range between £75.00-£125.00

Share Certificate Fee

This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £75.00-£125.00

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 we receive this information*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.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website here or, if the property is located in Wales, by using the Welsh Revenue Authority’s website here.

Grand total:-

Purchase price £250,000.00
Fees, disbursements and VAT £2,058.95
Stamp Duty £2,500.00*
TOTAL £254,558.95

* You may be entitled to first time buyer relief or have to pay additional Stamp Duty if you are buying a second property. Email us or call 01202 525333 and we will advise you on the Stamp Duty payable in your case.

This does not include the anticipated disbursements referred to in the box above, which will vary.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances, but may include the following stages:-

  • 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

Our fee assumes that:

a. this is a standard transaction and that no unforeseen matter 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.

b. this is the assignment of an existing lease and is not the grant of a new lease.

c. the transaction is concluded in a timely manner and no unforeseen complication arise.

d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.

e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

3. Remortgage

The example provided below is based on a remortgage of a freehold property valued at £210,000 with a remortgage of £110,000.

£110,000 remortgage
Legal Fee £500.00
Disbursements
HM Land Registry Fee £30.00
Office Copy Entries £12.00
Search Insurance (approximately) £75.00
Land Registry Priority Search £3.00
VAT £103.00
Estimated Total £723.00

Disbursements

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.

Timescale

It is difficult to give an accurate indication of the time it will take to complete your transaction, as much will depend upon influences beyond our control, such as delays by lenders or obtaining searches.

However, the average remortgage takes approximately 2 to 4 weeks from the date of the Offer being received.

Our fee assumes that:

a. 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

b. the transaction is concluded in a timely manner and no unforeseen complication arise

c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

d. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

 
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