Conveyancing Costs

Purchase Fees and disbursements

Purchase of a freehold residential property

Our fees cover all of 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 you wish to buy is in Wales.
Legal fees: £625.00 plus VAT - £2,100.00 plus VAT

The amount of our costs will vary according to the value of the property and the complexity of the transaction. On average our costs are £750 plus VAT per transaction.

Additional legal fees where a mortgage is being obtained: £160.00 plus VAT

These costs are for dealing with the requirements of the mortgage lender but are payable by the person buying the property.

Search fees: £275.00 - £325.00 (inclusive of VAT)

This means the local search, drainage search, environmental search and metalliferous mining search and the level of these costs can depend on the exact location and size of the property.

HM Land Registry registration fee: £40.00 - £910.00

This will be dependent on the value of the property and whether or not an application can be made via the Land Registry Portal.

Electronic money transfer fee: £30.00

This is made up of a disbursement of £15 plus VAT being the fee charged us by our bank for transferring funds electronically and an administrative fee of £10 plus VAT.

Land Registration searches and bankruptcy searches: £3.00 -£6.00

These searches are carried out immediately prior to completion.

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.

Stamp Duty or Land Tax (on purchase)

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.

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 ten 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 eight weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between three 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.

  • 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

 

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.

Legal fees: £625.00 plus VAT - £2,100.00 plus VAT

The amount of our costs will vary according to the value of the property and the complexity of the transaction. On average our costs are £850 plus VAT per transaction.

Additional legal fees where a mortgage is being obtained: £160.00 plus VAT

These costs are for dealing with the requirements of the mortgage lender but are payable by the person buying the property.

Search fees: £275.00 - £325.00 (inclusive of VAT)

This means the local search, drainage search, environmental search and metalliferous mining search and the level of these costs can depend on the exact location and size of the property.

HM Land Registry registration fee: £40.00 - £910.00

This will be dependent on the value of the property and whether or not an application can be made via the Land Registry Portal.

Electronic money transfer fee: £30.00

This is made up of a disbursement of £15 plus VAT being the fee charged us by our bank for transferring funds electronically and an administrative fee of £10 plus VAT.

Land Registration searches and bankruptcy searches: £3.00 -£6.00

These searches are carried out immediately prior to completion.

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.

Stamp Duty or Land Tax (on purchase)

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.

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.

Certificate of Compliance: £50.00 - £200.00

Notice of assignment and charge: £100.00 - £300.00

Deed of Covenant: £150.00 - £350.00

Licence to Assign: £300.00 - £500.00

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to 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
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • 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

 

The amounts quoted for our legal fees above 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.

 

Sale Fees and disbursements

Sale of a freehold residential property

Our fees cover all of the work required to complete the sale of your home

Legal fees: £625.00 plus VAT - £2,100.00 plus VAT

The amount of our costs will vary according to the value of the property and the complexity of the transaction. On average our costs are £700 plus VAT per transaction.

Land Registry copy documents: £6.00 - £21.00

This will depend on how complicated the title is and how many documents are referred to in the Land Registry title.

Electronic money transfer fee: £30.00

This is made up of a disbursement of £15 plus VAT being the fee charged us by our bank for transferring funds electronically and an administrative fee of £10 plus VAT.

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.

How long will my house sale take?

How long it will take from your accepting the offer until the completion of the sale will depend on a number of factors. The average process takes between six to ten weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer with a mortgage in principle, it could take eight weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between three 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.

  • Take your instructions and give you initial advice
  • Prepare and review property information forms and fixtures and fittings forms
  • Draft the contract documents
  • Obtain further planning documentation if required
  • Answer any enquiries made by buyer’s solicitor
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you no longer own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for a redemption statement of any existing mortgage to be obtained
  • Complete sale
  • Pay estate agents commission

 

Sale of a residential leasehold property

Generally our fees will be the same as for acting on the sale of a freehold property but there will be an addition expense which will be to obtain information about the way in which the property is managed from the landlord and/or the managing agent. The landlord and/or the managing agent will generally charge a fee for this information which can vary between £200.00 to more than £500.00.

 

Remortgage of a residential freehold or leasehold property

Legal Fees: £400.00 plus VAT

This is regardless of the value of the property.

Search fees: £275.00 - £325.00 (inclusive of VAT)

This means the local search, drainage search, environmental search and metalliferous mining search and the level of these costs can depend on the exact location and size of the property.

No-Search Indemnity Insurance premium: £20.00 - £200.00

Most mortgage lenders will accept no-search indemnity insurance on a remortgage instead of carrying out the searches noted above.

HM Land Registry registration fee: £40.00 - £910.00

This will be dependent on the value of the property and whether or not an application can be made via the Land Registry Portal.

Electronic money transfer fee: £30.00

This is made up of a disbursement of £15 plus VAT being the fee charged us by our bank for transferring funds electronically and an administrative fee of £10 plus VAT.

Land Registration searches and bankruptcy searches: £3.00 -£6.00

These searches are carried out immediately prior to completion.