Residential Conveyancing

Williams Co Legal Master Divider

1. Freehold Sale and Purchase
2. Leasehold Sale and Purchase

Williams Co Legal Master Divider

1. 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 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: –

Conveyancing Legal Fees and Disbursements:

Note: 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.

Property Value

£0 to £100,000

Fees and Disbursements

  • Legal fee £550
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £110
  • Subtotal (or just this figure) £1,011

£100,000 to £150,000

  • Legal fee £575
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £115
  • £1,041

£150,000 to £200,000

  • Legal fee £575
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £115
  •  £1,041

£150,000 to £200,000

  • Legal fee £575
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £115
  • £1,041

£200,000 to £300,000

  • Legal fee £625
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £125
  • £1,101

£300,000 to £400,000

  • Legal fee £650
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £130
  • £1,131

£400,000 to £500,000

  • Legal fee £675
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £135
  • £1,161

£500,000 to £800,000

  • Legal fee £750
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £150
  • £1,251

Over £800,000

  • Legal fee £925
  • Search fees £191
  • HM Land Registry fee £135
  • Electronic money transfer fee £25
  • VAT payable £185
  • £1,461

Stamp Duty or Land Tax

You will also have to pay Stamp Duty or Land Tax. The amount depends on the purchase price of your property and whether you own any other properties. You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
or if the property is located in Wales by using the Welsh Revenue Authority’s website https://beta.gov.wales/land-transaction-tax-calculator

What services does this fee include:

Abortive costs are charged at our discretion and will be notified to you in our client care correspondence.

Do we pay referral fees to people who introduce conveyancing clients to us?

We do pay some referrers referral fees, these will always be notified to you. We operate a different scale of fees for referrers and will notify you of the scale if you request us to.

The experience of the people who may carry out the work for you:

Please see the team section on our website for the senior fee earners involved in conveyancing.

The typical timescales and key stages of the purchase transaction

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. On average the process takes between 4-20 weeks.

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 4-6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 6 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 will typically include:

  • 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

2. 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.

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: –

Leasehold transactions are charged at the same rates as for Freehold transactions (set out in the table above) save that for Leasehold sales there is an extra charge of £100 + VAT and for leasehold purchases an extra charge of £200.00 + VAT

Please note that the information set out about for Freehold sales and Purchases is the same for Leasehold Sale and Purchases.