Residential Conveyancing
Leasehold Sale and Purchase
Freehold Sale and Purchase
Legal Fees and disbursements
(Disbursements are costs related to your matter that are payable to third parties).
Purchase of Freehold Property – Our fees cover all of the legal work required to complete the purchase of the 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 you wish to buy is in Wales.
The information is based on a number of assumptions and particular the 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.
– the transaction is concluded in a timely manner and no unforeseen complication 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.
– VAT (at 20%) is applied to the legal fees and any relevant disbursements.
Purchase of a Leasehold Property – Our fees cover all of the legal work required to complete the purchase of the 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 you wish to buy is in Wales.
The information is based on a number of assumptions and particular the 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 complication 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.
– VAT (at 20%) is applied to the legal fees and any relevant disbursements.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise.
Please note that the information set out about for Freehold sales and Purchases is the same for Leasehold Sale and Purchases.
Conveyancing Fee Structure
Up to £100,000.00
Up to £200,000.00
Up to £300,000.00
Up to £400,000.00
Up to £500,000.00
Up to £600,000.00
Up to £700,000.00
Up to £800,000.00
Up to £900,000.00
Up to £1,000,000.00
Above to £1,000,000.00
Sale
£645.00 plus VAT of £129.00 (£774)
£695.00 plus VAT of £139.00 (£834)
£745.00 plus VAT of £149.00 (£894)
£795.00 plus VAT of £159.00 (£954)
£845.00 plus VAT of £169.00 (£1014)
£895.00 plus VAT of £179.00 (£1074)
£945.00 plus VAT of £189.00 (£1134)
£995.00 plus VAT of £199.00 (£1194)
£1045.00 plus VAT of £209.00 (£1254)
£1,150.00 plus VAT of £230.00 (£1380)
(TBA)
Purchase
£695.00 plus VAT of £139.00 (£834)
£745.00 plus VAT of £149.00 (£894)
£795.00 plus VAT of £159.00 (£954)
£845.00 plus VAT of £169.00 (£1014)
£895.00 plus VAT of £179.00 (£1074)
£945.00 plus VAT of £189.00 (£1134)
£995.00 plus VAT of £199.00 (£1194)
£1045.00 plus VAT of £209.00 (£1254)
£1095.00 plus VAT of £219.00 (£1314)
£1200.00 plus VAT of £240.00 (£1440)
(TBA)
£150.00
plus VAT of £30.00 (£180.00)
£50.00
plus VAT of £10.00 (£60.00)
£50.00
plus VAT of £10.00 (£60.00)
£200.00
plus VAT of £40.00 (£140.00)
£100.00
plus VAT of £20.00 (£120.00)
£150.00
plus VAT of £30.00 (£180.00)
£50.00
plus VAT of £10.00 (£60.00)
£350.00
plus VAT of £70.00 (£420.00)
£150.00
plus VAT of £30.00 (£180.00)
£175.00
plus VAT of £35.00 (£110.00)
£250.00
plus VAT of £50.00 (£300.00)
£150.00
plus VAT of £30.00 (£180.00)
£50.00
plus VAT of £10.00 (£60.00)
£50.00
plus VAT of £10.00 (£60.00)
£100.00
plus VAT of £20.00 (£120.00)
£75.00
plus VAT of £15.00 (£90.00)
£150.00
plus VAT of £30.00 (£180.00)
£250.00
plus VAT of £50.00 (£300.00)
£75.00
plus VAT of £15.00 (£90.00)
£50.00
plus VAT of £10.00 (£60.00)
£50.00
plus VAT of £10.00 (£60.00)
£400.00
plus VAT of £80.00 (£480.00)
£200.00
plus VAT of £40.00 (£140.00)
£500.00
plus VAT of £100.00 (£600.00)
£50.00
plus VAT of £10.00 (£60.00)
£100.00
plus VAT of £20.00 (£120.00)
£100.00
plus VAT of £20.00 (£120.00)
£100.00
plus VAT of £20.00 (£120.00)
£25.00
plus VAT of £5.00 (£30.00)
Stand Alone first registration £650.00 plus VAT £130.00 (£780.00)
Remortgage £550.00 plus VAT of £110.00 (£660.00)
Transfer of Equity only £550.00 VAT of £110.00 (£660.00)
Remortgage and Transfer £650.00 plus VAT of £130.00 (£780.00)
Standard Additional Charges on a Sale
Bank Transfer Fee = £35.00 Plus VAT of £7.00 (per TT required) (£42.00)
Client ID & AML Check fees = £40.00 Plus VAT of £8.00 (per person) (£48.00)
Office copies = £6.00 (freehold) £12.00 (Leasehold)
Any additional documents from Land Registry £3.00 per document
Standard Additional Charges on a Purchase
Bank Transfer Fee = £35.00 Plus VAT of £7.00 (per TT required) (£42.00)
Client ID & AML Check fees = = £40.00 Plus VAT of £8.00 (per person) (£48.00)
Land Registry searches = £7.00 (Os1 £3.00 & k16 £4.00)
Stamp Duty Completion fees = £75.00 plus VAT of £15.00 (£90.00)
Land Registry as per fee Scales
Search fees= £250.00
Acting for a company on a purchase/sale without a lender
When a property is being purchased or sold in a company name without a mortgage.
Acting for a lender on a sale/remortgage
Where there is a mortgage on the property there will be a charge for dealing with the lender’s requirements in discharging the mortgage and complying with the lender’s requirements to remove the charge from the property. This is charged per lender
Acting for a lender on a purchase
Where a mortgage is being arranged to finance the purchase of a property there will be additional work involved in acting for the lender, protecting their interest, reporting to them on the property, requesting the drawdown of funds from them and finally registering their charge against the property.
Acting on a shared ownership property
Where a property is being purchased as part of a Shared Ownership Scheme, this fee is charged to cover the additional work required to be done
Acting on the staircasing of a shared ownership property
This fee includes signing the Final Signing Memorandum and registering this with the Housing Association and obtaining the Final Staircasing Memorandum signed by the Housing Association
Acting on unregistered properties
There is considerable additional work required to be carried out when a title to a property is not registered. The work involves delving through many years’ worth of documents and ensuring all necessary information and deeds have been supplied. This applies to purchases and sales.
Arranging an indemnity policy
This is sometimes required where a building regulations certificate or other similar document has been lost or was not obtained and the policy is required to protect the buyer. This is chargeable per policy.
Building Safety Act (BSA) Fee
Additional charges for dealing with the requirements of the BSA
Dealing with a restriction in the title
In the title to the property there is a legal restriction restricting the sale of the property and we are required to confirm the requirements of the restriction and ensure compliance with the restriction on completion. This is charged per restriction
Dealing with a sale or purchase subject to a tenancy
Where a sale is subject to a tenancy agreement, specific enquiries need to be dealt with in relation to the agreement and the benefit of the agreement needs to be transferred to the buyer
Dealing with freeholder/management company
Dealing with a management company on a freehold or leasehold sale.
Dealing with a second management company/managing agent
Dealing with separate management company/managing agent on a freehold or leasehold sale or purchase.
Dealing with a Help to Buy redemption
When paying off a Help to Buy loan in part or full. There is post-completion work that requires administration
Dealing with Help to Buy ISA
This is a scheme backed by the Government. The Help to Buy is where a purchase is supported by means of an ISA. This is charged per ISA
Dealing with a Lifetime ISA
When purchasing by means of an ISA
Dealing with additional titles
If there is more than one title, for instance, where the property is in one title and the garage in another.
Dealing with solicitors instructed by you on a related transaction
Dealing with solicitors instructed by you on a related transaction
Dealing with Right to Buy Fee
The Right to Buy Scheme is a Government run scheme to help people who have been paying rent for some time to buy their property at a reduced rate.
Dealing with solar panels
This applies to sales. A situation where a property benefits from solar panels or has entered into an agreement or lease with a solar energy company which must be assigned to the purchasers on completion
Dealing with third party lawyers
Where we need to deal with a third party set of lawyers, for example, this would apply where a divorce has taken place and the property is still registered in two names
Deed of covenant (drafting, engrossing and registering deed)
A covenant is a promise not to do or to do something in leasehold titles, it is usually a requirement that you will comply with the negative and positive covenants contained in the lease and the landlord requires the new tenant to covenant directly with them
Deed of gift
Where a parent or friend offers a cash sum to someone to assist them buying a property. This is applicable whether or not a mortgage is obtained. This applies per gift
Expedited completion
Applicable only when we are required to expedite your matter before other more standard transactions including completing within 7 days of exchange, dealing with a contract race, dealing with daily communication requests, simultaneous exchange & completion, or completing a matter within 21 days of receiving a suitable contract package.
Leasehold Transactions
Where a matter turns out to be leasehold or has a leasehold element. There is a large amount of additional work involved to comply with the terms of the lease or transfer and to correspond with the landlord and/or managing agents as well.
New build fee
There are several additional large documents which need to be considered when buying a newly built property
Occupier Consent
This is charged when the lender requires an occupier to sign the mortgage deed on a purchase. An occupier is usually someone over the age of 18 who will be residing at the property on completion but will not be named on the title to the property
Sale/purchase of freehold reversion interest alongside purchase of leasehold
This situation would arise where you are buying/selling a leasehold flat as well as acquiring/selling an interest in the freehold
Retention – dealing with retention money on a sale or a purchase
Where a retention is required to be held on completion to cover an excess of service charges, this fee covers the cost of the additional work required to manage and audit this retention, deal with the calculation and finally distribute the money
Statutory declaration, for title rectification or other reasons
For example, if there is a small piece of land added to the rear garden which is not included in the title to the property, the declaration sets out how and when it was acquired. We would have to draft the deed and send for signing.
ULS/LMS Administration fee
Some lender’s provide us with their mortgage offer via a platform called LMS or ULS, and both platforms charge a fee of £25 plus VAT (£30 total) per matter. If your proposed lender uses LMS or ULS, the LMS/ULS fee will be passed on to you.
Additional fees for additional works