Residential conveyancing costs


Our pricing for residential conveyancing is as follows:

Sales:

PROPERTY PRICE (£) COST ESTIMATE (£)
Up to 150,000.00 500.00 – 525.00
150,000.00 – 200,000.00 550.00 – 600.00
200,000.00 – 250,000.00 600.00 – 650.00
250,000.00 – 300,000.00 650.00 – 700.00
300,000.00 – 350,000.00 700.00 – 750.00
350,000.00 – 400,000.00 750.00 – 800.00
400,000.00 – 500,000.00 800.00 – 900.00
500,000.00+ 1,000.00+ (depending on value)

Leasehold, Affordable Housing, Shared Ownership, Help to Buy or with a rent charge, ADD £250.00

In all cases charges carry VAT at 20%

Please see notes below.

Purchase:

PROPERTY PRICE (£) COST ESTIMATE (£)
Up to 150,000.00 500.00 – 525.00
150,000.00 – 200,000.00 550.00 – 600.00
200,000.00 – 250,000.00 600.00 – 650.00
250,000.00 – 300,000.00 650.00 – 700.00
300,000.00 – 350,000.00 700.00 – 750.00
350,000.00 – 400,000.00 750.00 – 800.00
400,000.00 – 500,000.00 800.00 – 900.00
500,000.00+ 1,000.00+ (depending on value)

Leasehold, Affordable Housing, Shared Ownership, Help to Buy or with a rent charge ADD £250.00

The above also includes acting for a lender on securing their charge if we are instructed by them.

Please see notes below.

Sales and Purchases Notes

Our tables assume 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
  • There is the assignment of an existing lease and is not the grant of a new lease (if appropriate)
  • 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
  • That the lender is not separately represented
  • That the property is a conventional domestic dwelling and does not include property which has significant or strategic land areas which may require additional work for example overage or restriction on use.

Re-mortgages

AMOUNT OF REMORTGAGE (£) COST ESTIMATE (£)
Up to 150,000.00 350
150,000.00 – 200,000.00 350 – 400
200,000.00 – 250,000.00 400 – 450
250,000.00 – 300,000.00 450 – 500
300,000.00 – 350,000.00 500 – 550
350,000.00 – 400,000.00 550 – 600
400,000.00 – 500,000.00 600 – 650
500,000.00+ Depending on value

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.

Conveyancer’s fees and disbursements

  • Legal fees (see table)
  • Search fees (this depends on the location of your property and the searches undertaken but we request a payment of £275 on account which we consider as being the approximate cost concerned which we then offset against the actual fees).
  • HM Land Registry fee (*this depends on the purchase price of your property.  You can calculate the amount you pay by using the Land Registry calculator) (link here – Land Registry website)
  • Electronic money transfer fee £30 (inclusive of VAT)
  • VAT payable at 20% (unless stated as inclusive)

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 (Stamp duty land tax website) or if the property is located in Wales by using the Welsh Revenue Authority’s website (Land Transfer Tax 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 6-8 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 completed property with a mortgage in principle, it could take 6-8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 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. 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 with you
  • See you or send final contract and other documents 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.

Conveyancer’s fees and disbursements

  • Legal fee (see table of charges)
  • Search fees (this depends on the location of your property and the searches undertaken but we request a payment of £275 on account which we consider as being the approximate cost concerned which we then offset against the actual fees).
  • HM Land Registry fee (*this depends on the purchase price of your property.  You can calculate the amount you pay by using the Land Registry calculator) (link here – Land Registry website)
  • Electronic money transfer fee £30 (inclusive of VAT)
  • VAT payable at 20% (unless stated as inclusive)

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.

Anticipated Disbursements*

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 and £150
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50 and £100.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100 and £200.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50 and £150

*These fees vary from property to property and can on occasion be less or significantly more than the ranges given above. We can only give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website (link here – (Stamp duty land tax website) or if the property is located in Wales by using the Welsh Revenue Authority’s website (link here – (Land Transfer Tax website)

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
  • See you or send final contract and other documents 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

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 6-8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing an existing empty property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.

The Residential Conveyancing team

The team are listed below. Ian Lewis oversees all Residential Conveyancing work.

Your matter will be dealt with by your existing solicitor, if you have used us before, or as appropriate, depending on your location of the property or expertise required.

Please call or email our offices to discuss any of the above or to gain a bespoke quotation.

 

Ben Whiting

Ben Whiting

Solicitor
Buying and Selling Property
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Gerallt Hughes

Gerallt Hughes

Director
Buying and Selling Property, Employment Law
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Ian Lewis Director

Ian Lewis

Director
Commercial Property, Buying and Selling Property
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Ian Edwards is a conveyancing solicitor.

Ian Edwards

Director
Buying and Selling Property
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Julie Bryan

Julie Bryan

Director
Buying and Selling Property
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Kathy Dodd

Kathy Dodd

Licensed Conveyancer
Buying and Selling Property
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Martin Lewis Solicitor

Martin Lewis

Solicitor
Buying and Selling Property
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Rod Williams

Rodney Williams

Director
Buying and Selling Property
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Sheila White

Sheila White

Paralegal
Buying and Selling Property
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Sioned McGlory

Sioned McGlory

Associate Solicitor
Buying and Selling Property
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