Our fees cover the entire conveyancing process* as outlined below in the key stages. This will include dealing with the 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. (If required)
*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.
- This is the assignment of an existing lease and is not the grant of a new lease
- The transaction is concluded in a timely manner and no unforeseen complications arise
- All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
|Other Transaction Fees|
|First Mortgage/ Re-mortgage or Transfer of Equity||£750.00||£150.00||£900.00|
|Transfer of Equity & Re-Mortgage||£950.00||£190.00||£1,140.00|
|Voluntary First Registration||£500.00||£100.00||£600.00|
Land registry fee £20-£910
Land registry searches* approx. £20.00 plus VAT
Identity check approx. £20.00 plus VAT
Residential Conveyancing search pack is £300 plus VAT. This pack includes the local search, Environmental search, water and drainage search, chancel indemnity policy, bankruptcy searches, priority searches and all administration costs in relation to the same.
Stamp duty Please see below
**Disbursements (these do not form part of our legal fees) – Land registry fee, land registry searches and residential conveyancing searches – all these disbursements will vary depending on the purchase price. Please contact us to confirm prices. These 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. VAT may apply to some disbursements.
If the property is a leasehold we will charge a supplemental fee of £225 plus VAT to cover the additional work involved.
You should also be aware that ground rent and service charges are likely to apply throughout the ownership of the property.
In addition to this, the management company may also have additional charges, such as:
- Notice of transfer fee approximately £50 – £200
- Notice of Charge fee approximately £50 – £200
- Deed of Covenant fee approximately £200 – £500
- Certificate of Compliance fee approximately £150 – £250
These fees vary from property to property and can occasionally be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
If the property is a Transfer of Part, new build, property not registered with HM Land Registry, leasehold or involves a Management Company, there will be an additional fee of £225.00 plus VAT. If you are purchasing with the assistance of a Help to Buy ISA, an additional fee of £50.00 plus VAT will apply. If you instruct us to complete less than five working days from the date of exchange, an additional fee of £125.00 plus VAT may apply. Please also see the fee table below.
Stamp Duty/Land tax
This depends on the type of transaction and consideration you may be paying for the property. You can calculate the amount you will need by using the HMRC’s website, click here, or if the property is located in Wales, by using the Welsh Revenue Authority’s website, click here.
If you are referred to us by an introducer e.g. estate agent, financial adviser we may be paying them a referral fee. We will provide you with details of the arrangements and the fee we pay in the client care information that we send you at the start of the transaction.
How long it will take depends on the type of transaction you instruct us on. On average transactions from the above list are taking an average time of 12 weeks.
It can be quicker or slower, depending on parties in the chain.
The precise stages involved in the conveyancing transactions vary according to the circumstances. However, this is a rough guide:
- Take your instructions and give you initial advice
- Check finances and contact lender’s solicitors if needed
- Receive and advise on contract documents
- Carry out searches, if required
- Obtain further planning documentation if required
- Make any necessary enquiries to other side’s solicitor
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Send final contract/ Transfer to you for signature
- Agree completion date
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete the transaction
- Deal with payment of Stamp Duty/Land tax
- Deal with application for registration at Land Registry
- Our fees do cover any tax advice. We recommend you speak to an accountant or a tax specialist before conducting any conveyancing work’.
If you require any further information, please contact the Head of Conveyancing, Shazad Butt.
Our fees do not cover any tax advice. We recommend you speak to an accountant or a tax specialist before conducting any conveyancing work.