Our fees cover all of the legal work required to complete the purchase of a
property, including registration at the Land Registry and 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.
The information is based on a number of assumptions and particular the fee
assumes that:
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
all parties and no unforeseen delays arise
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: -
Property Value Fee and Disbursements
£0 to £150,000 -
•Legal fee £550 plus VAT of £110
•Electronic money transfer fee £30 Plus VAT of £6
£150,000 to £300,000
•Legal fee £600 - £725 plus VAT (£120 - £145)
•Electronic money transfer fee £30 Plus VAT of £6
£300,000 to £500,000
•Legal fee £725 - £925 plus VAT (£145 - £185)
•Electronic money transfer fee £30 Plus VAT of £6
£500,000 to £1,000,000
•Legal fee £925 - £1200 plus VAT of £185 to £240
•Electronic money transfer fee £30 Plus VAT of £6
Additional Legal Fees
•Where you are getting a Mortgage - £100 plus VAT of £20
•Help to Buy ISA/Lifetime ISA - £50 plus VAT of £10 per ISA
Anticipated Disbursements
•Search fees £195.00
•Misc HM Land Registry fee £10 plus VAT of £2
•Registration Fee £20 - £275.00
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-stampduty-
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-taxcalculator
What happens if the transaction does not complete:
ABORTIVE COSTS
STAGE % of our charge
Prior to draft documentation : 20%
Upon commencement of drafting documentation or documents being received : 70%
Upon finalising the draft documentation : 90%
Anticipated Leasehold Purchase Disbursements
Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the
fee is in the region of £50 - £100
Notice of Charge fee (if the property is to be mortgaged) – This fee is set out
in the lease. Often the fee is in the region of £50 - £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 in the region of £50 -
£100
Certificate of Compliance fee - To be confirmed upon receipt of the lease, as
can range between £100 and £200
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.
TIMINGS
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 about 8 - 10 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are purchasing property with a mortgage that is in a chain, it could take in excess of 10 weeks.
STAGES AND PROCESSES
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
Sale of a Property (leasehold and freehold)
Our fees cover all of the legal work required to complete the sale of the property based in England & Wales. The information is based on a number of assumptions and particular the fee assumes that:
o This is a standard transaction where 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
o the transaction is concluded in a timely manner with co-operation from all parties and no unforeseen delays arise
o 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: -
Property Value
Fees
£0 to £150,000 •Legal fee £525 plus VAT £105
•If you have a mortgage - £50 plus VAT of £10
•Electronic money transfer fee £30 Plus VAT £6
£150,000 to £300,000 •Legal fee £575 to £700 plus VAT (£115 - £140)
•If you have a mortgage - £50 plus VAT of £10
•Electronic money transfer fee £30 Plus VAT £6
£300,000 to £500,000 •Legal fee £750 to £850 plus VAT (£150 - £170)
•If you have a mortgage - £50 plus VAT of £10
•Electronic money transfer fee £30 Plus VAT £6
£500,000 to £1,000,000 •Legal fee £850 to £1,200 plus VAT of £170 to £240
•If you have a mortgage - £50 plus VAT of £10
•Electronic money transfer fee £30 Plus VAT £6
Anticipated Disbursements
•Office copy entries per title of £10 plus VAT of £2
•Ground Rent Receipt (leasehold property only) –
£120
What happens if the transaction does not complete:
ABORTIVE COSTS
STAGE % of our charge:
Prior to draft documentation : 20%
Upon commencement of drafting documentation or documents being received : 70%
Upon finalising the draft documentation : 90%
Conveyancing Legal Fees and Disbursements:
Note: Disbursements are costs related to your matter that are payable to third parties. 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.
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
TIMINGS
How long it will take from the offer being accepted until you can move in to your house will depend on a number of factors. On average the process takes between 6-8 weeks.
It can be quicker or slower, depending on the parties in the chain.
STAGES AND PROCESSES
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
• Obtain and check up-to-date ID
• Take your instructions and give you initial advice
• Review title documents
• Prepare contract documents
• Obtain the management pack where necessary
• Deal with enquiries raised by your buyer’s solicitors and liaise with you as
necessary in order to respond to them;
• Exchange contracts;
• Approve the transfer deed received from the buyer’s solicitors;
• Complete your sale;
• Deal with all post-completion matters, particularly repaying any outstanding
mortgages or loans;
• Accounting to you for the proceeds.
Mortgages and Remortgages
A mortgage or remortgage is either when a new mortgage is placed on a
property which has no mortgage in order to secure borrowing, or where you
redeem an existing mortgage and take out another mortgage with a new
lender. Our mortgage and remortgage price information applies only if you are
using a mainstream or High Street Lender. If you have a mortgage offer with a
non-mainstream or a niche lender, then our fees will be higher, as they will
have different requirements.
It is important to note that you cannot normally remortgage unless you have
owned the property for a period of six months. If you wish to remortgage within
the first six months period you must check with your lender as to whether this is
possible. The information is based on a number of assumptions and particular the fee
assumes that:
o This is a standard transaction where 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
o the transaction is concluded in a timely manner with co-operation from
all parties and no unforeseen delays arise
o 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.
Mortgage Value Fees and Disbursements
£0 to £1,000,000+
Anticipated Disbursements
What happens if the transaction does not complete:
ABORTIVE COSTS
STAGE % of our charge:-
Prior to draft documentation : 20%
Upon commencement of drafting documentation or documents being received : 70%
Upon finalising the draft documentation : 90%
Conveyancing Legal Fees and Disbursements
Note: Disbursements are costs related to your matter that are payable to third
parties. 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.
These fees vary from property to property and can on occasion be significantly
more than the ranges given above. We can give you an accurate figure once we
have sight of your specific documents.
TIMINGS
How long it will take from the offer being provided by your lender and confirmation of our instructrions to completion of the mortgage can depend on a number of factors. On average the process takes between 6-10 weeks.
It can be quicker or slower, depending on how quickly the documentation is turned around.
The experience of the people who may carry out the work for you:
The names of the firm’s specialist residential property lawyers are Lucille Cowell and James Richard Scott. You can see more about the professional details, experience and qualifications on the “Solicitors” part of our website. All work is supervised by Lucille Cowell who is a Director and the Head of our Property team.