Pricing Information – Purchase of a freehold residential property (fixed fees)

Our fees cover all of the work required to complete the purchase or sale of your new home, including dealing with registration at the Land Registry. 

In purchase matters, we also deal 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.  In addition, we do charge for dealing with your stamp duty application and payment, AML and ID checks, Bank transfer charges and Lender panel charges (if applicable).  The costs of each charge should not exceed £100 plus VAT of £20 and these will be added to the charges below.

Conveyancer’s fees and disbursements

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.

• Search Fees: Approximately £350.00. Please note the cost of the Local search depends upon the location of the property. 
• HM Land Registry fee: Between £20.00 – £500.00 
• Bankruptcy search: £2.00 per individual 
• Official search: £3.00

Stamp Duty or Land Tax (on purchase)

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

How long will my house purchase or sale take?

How long it will take from your offer being accepted until you can move into your house or sell your property will depend on a number of factors. The average process takes approximately 3 months.

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. However, if you are buying or selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3-6 months. In such a situation, additional charges could apply.

Stages of the process

The key stages of the process include:

taking your instructions and give you initial advice;

checking finances are in place to fund purchase and contact lender’s solicitors if needed;

Ensuring that our Source of Funds and Source of Wealth requirements have been satisfied 

receiving and advising on contract documents;

• carrying out searches;
• making any necessary enquiries if seller’s solicitors;
• giving you advice on all documents and information received;
• going through conditions of mortgage offer with you;
• 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 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.

We also carry out commercial conveyancing work, such as purchasing or selling a freehold commercial property and matters involving leases. Pease contact the office directly for further information, including timescales and costs.

Pricing Information – Purchase or sale of a leasehold residential property (fixed fees)

Our fees cover all of the work required to complete the purchase or sale of your new home, including dealing with registration at the Land Registry. 

In purchase matters, we also deal 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.  In addition, we do charge for dealing with your stamp duty application and payment, AML and ID checks, Bank transfer charges and Lender panel charges (if applicable).  The costs of each charge should not exceed £100 plus VAT of £20 and these will be added to the charges below.

Conveyancer’s fees and disbursements

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.

• Search Fees: Approximately £350.00. Please note the cost of the Local search depends upon the location of the property. 
• HM Land Registry fee: Between £20.00 – £500.00 
• Bankruptcy search: £2.00 per individual 
• Official search: £3.00

Anticipated Disbursements*

• Notice of Transfer Fee – This fee if chargeable is set out in the lease.  Often the fee is between £50.00 – £100.00.
• Notice of Charge Fee (if the property is to be mortgaged) – this fee is provided by the management company for the property and can be difficult to estimate.  Often it is between £50.00 and £100.00
• 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 £100.00 and £200.00.
• Management Pack (sale matter) – This fee is set by the Freeholder or Management Company for the property and can often range between £100.00 and £200.00 
• Certificate of Compliance fee – to be confirmed upon receipt of the lease, as can range between £50.00 and £100.00

NB: 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 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.

Stamp Duty or Land Tax (on purchase)

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

How long will my house purchase or sale take?

How long it will take from your offer being accepted until you can move into your house or sell your property will depend on a number of factors. The average process takes approximately 3 months.

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. However, if you are buying or selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3-6 months. In such a situation, additional charges could apply.

Stages of the process

The key stages of the process include:

• taking your instructions and give you initial advice;
• checking finances are in place to fund purchase and contact lender’s solicitors if needed;
• receiving and advising on contract documents;
• carrying out searches;
• making any necessary enquiries if seller’s solicitors;
• giving you advice on all documents and information received;
• going through conditions of mortgage offer with you;
• 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 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
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.

We also carry out commercial conveyancing work, such as purchasing or selling a leasehold commercial property and matters involving leases. Pease contact the office directly for further information, including timescales and costs.