Residential Conveyancing Fees and Disbursements

Our fees cover all of the work required to complete your matter. In addition, there will be disbursements, which 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. The cost of some of the disbursements may not be known at the outset and will depend on the specific property. Where this is the case, we will give you our best estimate of the likely cost.

Our fee estimates are made on a fixed fee basis. However, each property tends to be unique and our fee will reflect the requirements of your particular transaction. For example, dealing with a listed building or newly built property may, cost more than dealing with a standard freehold property because of added complexities. Our range of fees are set out in the table below. At the lower end, they assume:-

  1. your matter will be a standard transaction and that no unforeseen matters arise, including (for example, but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  2. the property is registered at the Land Registry;
  3. a leasehold transaction relates to an existing lease and not the grant of a new lease;
  4. the transaction is concluded in a timely manner and no unforeseen complication arise;
  5. all parties to the transaction are co-operative and there is no unreasonable delay from third parties;
  6. you supply us promptly with all information we request from you;
  7. no indemnity policies are required.
  8. Your matter is dealt with by a conveyancing assistant. A supplement will apply if you wish your matter to be dealt with by a partner or associate.

If one or more of the above do not apply then the fees will increase with the range. For example, an unregistered freehold sale for £800k would be charged at £1,100 plus VAT because of the added complexities this involves. A senior fee earner dealing with a registered freehold sale for the £800k would be charged at £1,100 plus VAT whereas a junior fee earner would charge £900 for the same transaction. In addition many clients prefer to pay a supplement in order to get their choice of lawyer or office, or higher number of face to face meetings than would ordinarily be anticipated.

Legal Fee Range (excluding disbursements):

Transaction valueFreehold saleFreehold purchaseLeasehold saleLeasehold purchaseRemortgage
£0 –
£800k
VAT inclusive amount
£900 – £1,100

£1,080 – £1,320

£950 – £1,200

£1,140 – £1,440

£1,000 – £1,200

£1,200 – £1,440

£1,200 – £1,400

£1,440 – £1,680

£600 – £950

£720 – £1,140

£801k – £1,000,000

VAT inclusive amount

£1000 – £1,200

£1,200 – £1,440

£1,100 – £1,300

£1,320 – £1,560

£1,200 – £1,500

£1,200 – £1,800

£1,500 – £1,800

£1,800 – £2,160

£700 – £1,100

£840 – £1,320

£1,000,001 – £1,500,000

VAT inclusive amount

£1,100 – £1,400

£1,320 – £1,680

£1,200 – £1,500

£1,440 – £1,800

£1,500 – £1,800

£1,800 – £2,160

£1,800 – £2,100

£2,160 – £2,520

£800 – £1,100

£960 – £1,320

£1,500,001 – £2,000,000

VAT inclusive amount

£1,400 – £2,200

£1,680 – £2,640

£1,500 – £2,500

£1,800 – £3,000

£1,800 – £2,800

£2,160 – £3,360

£2,000 – £2,750

£2,400 – £3,300

£900 – £1,400

£1,080 – £1,680

Add:
New build

VAT inclusive amount

n/a£600

£720

n/a£600

£720

n/a
Shared ownership

VAT inclusive amount

n/an/an/a£600

£720

n/a
Help to Buy

VAT inclusive amount

n/a£300

£360

n/a£300

£360

n/a

Disbursements:

Typical disbursements are set out below. These are estimated and the exact amounts will depend on the specific circumstances of the transaction. The disbursements payable should be the same regardless of who is acting for you.

Disbursements (inc VAT)Freehold SaleFreehold PurchaseLeasehold SaleLeasehold PurchaseRe-mortgage
Search fees£400£400£200
Land Registry search fees£3£3£3
Land Registry title documents£6£15£6
Estimated Land Registry registration feeVariesVariesVaries
Electronic money transfer fee  (Inc VAT)£96£48£96£48£48
Land Charges search fees£4£4£4
Landlord’s information pack£350£350
Landlord’s registration fee£300£150
SDLT / Land Transaction TaxVariesVaries
Estimated total disbursements (excluding SDLT and LR fees)£102£455£461£755£761

Stamp Duty Land Tax (or Land Transaction Tax for properties in Wales): The amount of Stamp Duty Land Tax (SDLT) / Land Transaction Tax will depend 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).

Land Registration Fee:  The fee for registering your purchase at the Land Registry depends on the purchase price of your property. You can calculate the amount you will need to pay by using the Land Registry Website

Landlord’s Information Pack and Registration Fee: the amount of payable is set by the individual landlord and any managing agent.

Searches: the cost of searches will depend on the local authority and other search providers.

Examples:

We set out below some examples to show you the total amount payable for a variety of transactions including SDLT at the standard rate.  In each case, we have assumed a simple transaction with a mortgage to be repaid or taken out in which a junior fee earner is acting. These are examples only and many items will depend on the specific circumstances of the transaction.

Cost Freehold Sale £500kFreehold Purchase £500kLeasehold Sale £500kLeasehold Purchase £500k
Legal fees inclusive of VAT£1,080£1,140£1,200£1,440
Search fees£400£400
Land Registry search fees£3£3
Land Registry title documents£6£15
Estimated Land Registry registration fee£135£135
Electronic money transfer fee (inc VAT)£96£48£96£48
Land Charges search fees£4£4
Landlord’s information pack£350
Landlord’s registration fee £150
SDLT£15,000£15,000
Total payable including disbursements£1,182.00£16,730£1,661 £17,180

What our fee includes:

Our fee includes acting for you on all stages of your transaction. The precise stages involved in the purchase of a residential property vary according to the circumstances. We have set out below some of the likely key stages: 

Purchases Sales Remortgages
·       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 and mortgage

·       Deal with payment of Stamp Duty/Land Tax

·       Deal with application for registration at Land Registry

·       For leasehold purchases register your purchase with any landlord / managing agent.

 

 ·       Take your instructions and give you initial advice

·       Collate pre-contract information from you

·       Obtain landlord’s sales information pack in the event of leasehold sale.

·       Download title.

·       Draft contract.

·       Send pre-contract information and contract to buyer’s solicitor.

·       Check funds needed to redeem any mortgage

·       Respond to further enquiries of seller’s solicitor

·       Send final contract to you for signature

·       Agree completion date (date from which you leave the property)

·       Exchange contracts and notify you that this has happened

·       Arrange for redemption statement to be received from your lender

·       Complete purchase

·       Repay existing mortgage

 

 ·       Take your instructions and give you initial advice

·       Collate pre-mortgage information from you

·       Obtain landlord’s sales information pack in the event of leasehold re-mortgage.

·       Download title.

·       Check funds needed to redeem any mortgage

·       Arrange for redemption statement to be received from your lender

·       Complete re-mortgage

·       Repay existing mortgage

·       Deal with application for registration at Land Registry

·       For leasehold purchases register your re-mortgage with any landlord / managing agent.

 

 

How long will my transaction take?

Sales and Purchases: The average process takes between 6-10 weeks.

Re-mortgages: the average process takes between 3-5 weeks.

These timescales can be quicker or slower, depending on a number of factors, e.g. the length of any chain, the type of property involved, whether or not mortgage offers have been received.

People who may work on your case: