Residential Conveyancing

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 Fee Structure 2022

:

Up to £100,000.00           Sale                     Purchase

Up to £100,000.00    £645.00 plus VAT   £695.00 plus VAT

Up to £200,000.00     £695.00 plus VAT     £745.00 plus VAT

Up to £300,000.00     £745.00 plus VAT     £795.00 plus VAT

Up to £400,000.00     £795.00 plus VAT     £845.00 plus VAT

Up to £500,000.00     £845.00 plus VAT     £895.00 plus VAT

Up to £600,000.00     £895.00 plus VAT     £945.00 plus VAT

Up to £700,000.00     £945.00 plus VAT     £995.00 plus VAT

Up to £800,000.00     £995.00 plus VAT     £1045.00 plus VAT

Up to £900,000.00     £1045.00 plus VAT     £1095.00 plus VAT

Up to £1,000,000.00     £1,150.00 plus VAT     £1200.00 plus VAT

£1,000,000.00+                         TBA                             TBA

Additional fees

Leasehold (basic)      £150.00 plus VAT     £150.00 plus VAT

New build     £300.00 plus VAT     £300.00 plus VAT

Leasehold (management company).    £250.00 plus VAT     £250.00 plus VAT

Unregistered      £150.00 plus VAT      £150.00 plus VAT

Vat – is charged at the rate of 20%

Remortgage – £550.00 plus VAT

Transfer of Equity only – £550.00 VAT

Remortgage and Transfer £650.00 plus VAT

Standard Additional Charges on a Sale

Bank Transfer Fee = £30.00 Plus VAT ( per TT required)

Office copies = £6.00 (freehold) £12.00 (Leasehold)

Any additional documents from Land Registry £3.00 per document

Client Identification Verification fee = £25.00 plus VAT

Standard Addiitonal Charges on a Purchase

Bank Transfer Fee = £30.00 Plus VAT ( per TT required)

Land Registry searches = £7.00 (Os1 £3.00 & k16 £4.00)

Stamp Duty Completion fees = £75.00 plus VAT

Land Registry as per fee Scales

Search fees= £250.00

Client Identification Verification fee = £25.00 plus VAT

Additional fees for additional works

Deed of Covenant

£50.00 plus VAT

Restriction/MHRN

£150.00 plus VAT

Indemnity policy administration fees

£50.00 plus VAT

Company purchase

£150.00 plus VAT

Registration at Companies House

£15.00

Dealing with a Giftor on a purchase

£50.00 plus VAT per giftor plus K16

Dealing with an Occupier (Sale or Purchase)

£50.00 VAT

Dealing with HTB ISA

£50.00 plus VAT per ISA

Dealing with a third party

£75.00 VAT

Statutory Declaration

£150.00 plus VAT

Deed of Variation

£175.00 plus VAT

Declaration of Trust

£350.00 plus VAT

Auction/Expedition Fee

£100 plus VAT

Shared Ownership

£200.00 plus VAT

Dealing with Additional lenders on title

£50 plus VAT per Lender

Transfer of part

£175.00 plus VAT

Additional Title Review

£100.00 plus VAT per title

Bridging Finance

£175.00 plus VAT

Review/Draft an AST/Licence

£175.00 plus VAT

Separate Representation

£100.00 plus VAT

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