Residential Conveyancing Prices

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

There are a number of different factors which you should consider when it comes to making that decision, including speed of service, accessibility, expertise, experience and price. Get in touch with an expert solicitor or call 01202 525333 and we will talk you through that process and give you a price for acting for you.

Below are a few examples of the prices which we charge, however, bear in mind these prices vary on a number of factors, including the value of the property which you are purchasing.

  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 as well as 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 located in Wales.

The example below is based on a freehold purchase in the sum of up to £350,000.00.

Purchase of Freehold Residential Property up to £350,000.00
Our Fees  
Legal Fee £1,495.00
Mortgage Discharge Fee £200.00
SDLT Form Completion Fee £90.00
Electronic Money Transfer and Administration Fee £45.00
Disbursements  
HM Land Registry Fee (Electronic) £150.00*
Chancel Repair Insurance £15.95
Search Fees (approximately) £350.00
Land Charge Search (per person) £2.00
Land Registry Priority Search £3.00
VAT £437.00
Estimated Total £2,787.95

* In the unusual event of the application being submitted by post the Fee charged by the Land Registry will increase to £330.00

Referral fees

On a few different 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 exact amount and it will have no affect on the amount which you pay to us.

Disbursements

Disbursements are costs which relate to your matter that are payable to third parties, such as Land Registry fees. We will handle the payment of the disbursements on your behalf to ensure a smoother and stress-free process.

Stamp Duty or Land Tax (on purchase)

This largely depends on the purchase price of your 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 visiting the Welsh Revenue Authority’s.

Estimated total:-

Purchase price £350,000.00  
Fees, disbursements and VAT £2,787.95  
Stamp Duty £7,500.00*  
TOTAL £360,287.95  

 

*You may be entitled to first time buyer relief or have to pay additional Stamp Duty if you are buying a second property or if you live abroad or if you are purchasing in the name of a limited company. Get in touch or call 01202 525333 and we will advise you of the Stamp Duty payable in your case.

Timescale

It is incredibly 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, the number of mortgage offers, different 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 every step of the way.

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:

  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. the transaction is concluded in a timely manner and no unforeseen complication arise
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  1. Purchase of a leasehold residential property

The example prices provided below are based on a leasehold purchase in the sum of up to £250,000.00.

Our fees cover all the work* required to complete the purchase of your new property, 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 up to £250,000.00
Our Fees  
Legal Fee £1,295.00
Mortgage Fee £200.00
SDLT Form Completion Fee £90.00
Electronic Money Transfer and Administration Fees £45.00
Disbursements  
HM Land Registry Fee (Electronic) £150.00*
Chancel Repair Insurance £15.95
Search Fees (approximately) £350.00
Land Charges Search (per person) £2.00
Land Registry Priority Search £3.00
VAT
Estimated Total £2,547.95

* In the unusual event of the application being submitted by post the Fee charged by the Land Registry will increase to £330.00

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 always let  you know the amount in question.

Disbursements

Disbursements are different costs related to your matter that are payable to third parties, such as search fees. Our team of solicitors 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 very well apply depending on the term of the lease. Our team will always 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

Death Deed of Covenant Fee

This fee is provided by the property management company and can be very difficult to estimate, having said that, 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 property management company and can be difficult to estimate, but is often between £75.00-£125.00.

You should also be aware that ground rent and service charge are very likely to apply throughout your ownership of the property. We will always 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 largely depends on the purchase price of your 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.

Grand total:-

Purchase price £250,000.00  
Fees, disbursements and VAT £2,547.95 (excluding anticipated disbursements)
Stamp Duty £2,500.00*  
TOTAL £255,047.95  

* You may be entitled to first time buyer relief or have to pay additional Stamp Duty if you are buying a second property or if you live abroad or if you are purchasing in the name of a limited company.  Get in touch with the team 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 drastically depending on 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:

  1. 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.
  2. this is the assignment of an existing lease and is not the grant of a new lease.
  3. the transaction is concluded in a timely manner and no unforeseen complication arise.
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  1. Remortgage prices

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

£110,000.00 remortgage
   
Legal Fee £850.00
Disbursements  
HM Land Registry Fee(Electronic) £30.00*
Office Copy Entries £12.00
Search Insurance (approximately) £75.00
Land Registry Priority Search £5.00
VAT £173.40
Estimated Total £1,145.40

* In the unusual event of the application being submitted by post the Fee charged by the Land Registry will increase to £70.00

Disbursements

Disbursements are costs which relate 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 every step of the way.

Timescale

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

Having said that, the average remortgage does take approximately 2 to 4 weeks from the date of the Offer being received.

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. the transaction is concluded in a timely manner and no unforeseen complication arise
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Our Experts

Tim Sharpley

Partner & Solicitor

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David Walton

Partner, Chartered Legal Executive & Head of Residential Property

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Craig Wells

Partner & Solicitor

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Bethanie Watson

Senior Associate Solicitor

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Lesley Curtis

Solicitor

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Paul Dyer

Consultant Solicitor

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Sophie Webster

Chartered Legal Executive, FCILEx

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Jennie Hedges

Associate & Conveyancing Executive

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Kelly Farnes

Paralegal

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Davina Axon

Conveyancing Secretary

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Pauline Baker

Personal Assistant

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Eileen Blackburn

Conveyancing Assistant

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Debbie Burningham

Secretary

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Julie Grose

Paralegal

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Lynette Iles

Residential Conveyancing Assistant

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George Patey

Conveyancing Assistant

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Jayne Smith

Secretary

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Robyn Swain

Paralegal

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Hayley Tilsed

Paralegal

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Kathryn Jones

Secretary

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Our offices

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302 Charminster Road Bournemouth Dorset BH8 9RU
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