Residential Conveyancing:

Our Conveyancing fees vary from property to property and depend on many factors, including not only the price of the property but also on whether a mortgage lender is involved and whether the property is freehold or leasehold. We will provide you with a written estimate of costs which will take into account the information you give us at the start. This reduces the possibility of extra costs arising during the course of the transaction.

 

We hold the Conveyancing Quality Scheme accreditation administered by the Law Society. This is a nationally recognised quality standard for residential conveyancing Solicitors. Your transaction will be dealt with by a Solicitor experienced in all aspects of property law.

 

Our Fees:

The following sets out the costs and conveyancing fees for the sale or purchase of a residential property which is either:

Freehold sale or purchase

Leasehold sale or purchase

Please note that the fees will vary dependent on the purchase value of your property and a list of our average fees is below.

 

House Price                    Our Fees

£0 – £125,000                 £525.00 plus vat

£125,001 – £250,000     £600.00 plus vat

£250,001 – £400,000     £675.00 plus vat

£400,001 – £500,000     £750.00 plus vat

         

Above £500,000 please ask for a bespoke quotation

 

What we do for you:

The exact stages involved in the sale and / or purchase of a residential property will vary according to the circumstances. Some of the key stages of our work will involve the following:-

 

Complying with Law Society and Government regulations including client identification procedures

 

 

Communicating with the Solicitor(s) and estate agents (if any) acting for the other parties

 

 

Preparing or considering the Contract documentation and reviewing those pages in detail

 

 

Arranging searches and considering the replies

 

 

Preparing or considering the list of fixtures and fittings in the property and replies to the Law Society’s Property Information Form together with enquiries arising out of the documentation provided

 

 

Negotiating the draft Contracts and reporting to you with regard to the Contract terms

 

 

Reporting to you with regard to the legal and associated matters affecting the property, including the Lease and freehold financial arrangements (if applicable)

 

 

Considering the mortgage lenders instructions, reporting relevant matters to the lender and ensuring compliance with its requirements (if applicable)

 

 

Reporting on the Contract and arranging for it to be signed and providing instructions for payment of the deposit

 

 

Obtaining authority to exchange, exchanging contracts with the seller’s Solicitor and paying over the deposit

 

 

Drafting the Land Registry Transfer and carrying out pre-completion searches

 

 

Reporting to the lender and requesting the mortgage funds in accordance with the lenders requirements (if applicable)

 

 

Preparing a financial statement, calculate the balance required to complete & provide instructions for payment of funds

 

 

Completing the SDLT Return

 

 

Obtaining or repaying the mortgage funds from or to your lender (if applicable)

 

 

Sending or receiving the completion monies from the other Solicitor on completion and finalising completion

 

 

Obtaining the completion documents from the seller’s Solicitor

 

 

Serving Notice of Transfer and Notice of Charge on Landlord/managing agent (if applicable)

 

 

Submitting SDLT Return to HMRC

 

 

Submitting the Land Registry application and advising all relevant parties when it has been completed

 

 

Dealing with the lenders standard post completion requirements (if applicable)

 

 

Additional charges:

Every house is different and once we have established the facts of your individual sale or purchase, we can give an indication of any additional legal costs that may be incurred so that you are aware of the costs involved. However matters do sometimes only come to light during the course of a transaction.

As a guide the following matters would incur additional charges as indicated:

 

Leasehold property with a Management Company  £100.00 plus vat

 

 

Help to Buy mortgage  £75.00 plus vat

 

 

Help to Buy ISA  £50.00 plus vat

 

 

If we are required to incur additional work in obtaining deeds or documents relating to your property or in correcting a defect in title or obtaining Title Indemnity insurance then there would be an additional charge which would be notified to you as soon as we are able. This list is not exhaustive but we will notify you if matters arise that affect the cost of your transaction.

 

Disbursements:

There will be some expenses related to your conveyancing transaction which will be payable to third parties. These are often referred to as disbursements and include fees payable to the Land Registry, local authorities and search providers. We will include details of the likely expenses in your written estimate at the start of the transaction and although the amount of these expenses will depend on the property and the transaction, they can include the following :-

 

Land Registry fees

 

 

Search fees

 

 

Stamp Duty Land Tax

 

 

Copy Planning/Building Regulations consents

 

 

Indemnity Insurance Premium

 

 

Notice Fees to Landlord

 

 

Management Company Administration fees      

 

 

Timescale:

How long it will take from an offer being accepted until completion will depend on a number of factors. The average conveyancing takes between 6 – 10 weeks if the matter proceeds smoothly. Completion, is of course, dependent on individuals involved in the transaction, especially where there is a chain. If you have a preferred date for exchange or completion we shall endeavour to meet that date. However, we are not always able to influence other parties in the transaction and unforeseen complications and delays can arise.