Conveyancing costs

 

Purchase of a Freehold Residential Property

Our fees cover all of the work required to complete the purchase, 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.

Conveyancer's fees and disbursements for a freehold purchase up to £250,000

- Legal fee £675 plus VAT

- Search fees £199

- Land Registry Priority fee £3.00

- Electronic money transfer fee £31 plus VAT

- Land Registry fee £135**

- Electronic identification check per person £7.60

- Bankruptcy Search £2.00 per person (needed if you are getting a mortgage)

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.

Our fee assumes that 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, or any unforeseen issues highlighted in the searches or in planning documents, or shared ownership or shared equity, or if you are buying with a Help to Buy ISA, or if you are buying as part of a SIPP purchase

** These fees are based on the application being submitted electronically and the title being registered.

Stamp Duty or Land Tax

This 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 here.

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between six to nine weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a cash buyer, purchasing a freehold property and there is no chain, it could take four to six weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between two and four months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances, but we have set out below some of the

Key stages:

- Taking your instructions and giving you initial advice

- Checking your identity

- Check finances are in place to fund purchase and contact lender's solicitors if needed, or asking for evidence of funding

- Receiving and advising on contract documentation

- Carrying out necessary searches

- Raising necessary enquiries with the seller's solicitor

- Giving you advice on all documents and information received from the seller’s solicitor and from the search results

- Summarising any special conditions of mortgage offer with you

- Sending you the final contract for signature

- Agreeing a completion date (date from which you own the property)

- Exchanging contracts and notifying you that this has happened

- Arranging for all monies needed to be received from lender and you

- Completing your purchase

- Dealing with payment of Stamp Duty/Land Tax

- Dealing with the application for registration of your property at the Land Registry


Purchase of a Leasehold Residential Property

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.

Conveyancer’s fees

- Legal fee £795 plus VAT

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.

- HM Land Registry fee £135*

- Search fees £199

- Electronic money transfer fee £31 plus VAT

- Bankruptcy search per person £2.00 (needed if you are getting a mortgage)

- Land Registry priority search £3.00

- Electronic identification check £7.60 per person Anticipated Disbursements**

Anticipated Disbursements

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

- Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £50 to £200

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 this we receive this information.

* These fees are based on the application being submitted electronically and the title being registered.

** 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.

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) 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.

Stamp Duty Land Tax

This 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.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances, but we have set out below some of the key stages:

- Taking your instructions and giving you initial advice

- Checking your identity

- Check finances are in place to fund purchase and contact lender's solicitors if needed, or asking for evidence of funding

- Receiving and advising on contract documentation

- Carrying out necessary searches

- Raising necessary enquiries with the seller's solicitor

- Giving you advice on all documents and information received from the seller’s solicitor and from the search results

- Summarising any special conditions of mortgage offer with you

- Sending you the final contract for signature

- Agreeing a completion date (date from which you own the property)

- Exchanging contracts and notifying you that this has happened

- Arranging for all monies needed to be received from lender and you

- Completing your purchase

- Dealing with payment of Stamp Duty/Land Tax

- Dealing with the application for registration of your property at the Land Registry

How long will my purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between six to nine weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a cash buyer, purchasing a freehold property and there is no chain, it could take four to six weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between two and four months. In such, a situation additional charges would apply.


 Re-mortgages

Our fees cover all of the work* required to complete the purchase, 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.

Conveyancer's fees and disbursements for a re-mortgage

- Legal fee £675 plus VAT

- Search fees £199

- Land Registry Priority fee £3.00

- Electronic money transfer fee £31 plus VAT

- Land Registry fee £135**

- Electronic identification check £7.60

- Bankruptcy search per person £2.00

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.

* 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.

Our fee assumes that 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 or any unforeseen issues highlighted in the searches or in planning documents, or Shared ownership or shared equity, if you are buying with a Help to Buy ISA, or if you are buying as part of a SIPP purchase

** These fees are based on the application being submitted electronically and the title being registered. They are applicable if you are obtaining a mortgage to purchase the property.

How long will my re-mortgage take?

How long it will take from receiving your mortgage offer until you receive the payment will depend on a number of factors. The average process for a standard re-mortgage takes between three to six weeks. If there are any special conditions in the mortgage this offer this may cause the process to take longer.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances, but we have set out below some of the

Key stages:

- Taking your instructions and giving you initial advice

- Checking your identity

- Carrying out necessary searches

- Summarising any special conditions of mortgage offer with you

- Agreeing a completion date

- Dealing with the application for registration of your property at the Land Registry