Price Transparency - Residential Conveyancing

Residential Conveyancing Pricing Information

Our property team handles all aspects of buying and selling residential property. 

We can advise clients on a wide range of residential property matters including:

  • and selling both freehold and leasehold property
  • lease extensions, both by agreement between the parties or by statutory notice
  • auction sales and purchases
  • buying new build properties from developers
  • dealing with mortgages
  • buying arranging deeds of variations for defective leases
  • restrictive covenants and easements

We also act on probate and court of protection sales and trusts for co-ownership transactions.

Our Conveyancing Team

We have three members of staff in our Conveyancing Team:

Alan Taylor                  Solicitor

David Jordan              Solicitor

Details of experience and qualifications can be found in the “Our People” section of our website.

Pricing

Every transaction is different and we take pride in delivering a bespoke service. For this reason, we do not have a standard fee and our fees reflect the particular circumstances and features of the transaction. Our charges are usually based on a fixed fee basis plus any extra administrative charges and disbursements (costs made to others on your behalf).

This fixed fee will be quoted to you at the outset and means there will be no hourly fees or hidden rates.

The information on costs and timing is provided for guidance only. It is not a quotation. We shall be pleased to provide more detailed costs information relating to a particular matter on request.

You will have to budget for both our fees and disbursements, which are incidental standard costs payable to third parties, e.g. Local Authorities, Land Registry and Inland Revenue. We handle the disbursements on your behalf to ensure the transaction proceeds seamlessly.

Fees

Our fees are linked to the price or value of the property and in order to assist you, the following table sets out our current fee structure:

Sales and Purchases

Property Value

Freehold Fee

Leasehold Fee

Up to £500,000

£650 - £1,375

£1,050 - £1,750

£500,000 to £1m

£1,850 - £2,000

£2,250 - £2,400

£1m to £2m

£2,750 - £3,000

£3,150 - £3,400

Over £2m - we are happy to discuss and agree our fee.

Mortgages and Re-mortgages within the above property value ranges - £750.

All fees are exclusive of VAT, which will be added to your invoice. We aim to give you the best possible information about the likely overall cost both at the time you instruct us and, when appropriate, as the matter progresses. In the majority of cases we act for any lender/mortgagee which you may have but should this not be the case, and we shall advise you as soon as we know, then an Additional Independent Lender Charge of £150 plus VAT will apply.

It is very important you appreciate that the above figures are on the basis that the transaction proceeds in a timely manner with no unforeseen technical or other issues arising which result in unusually protracted correspondence. You will be advised of any unforeseen complexity arising at the very earliest opportunity. Most transactions completed within 4 to 16 weeks and for this reason we reserve the right to review our quotation if completion has not taken place within 6 months of initial instructions.

In addition, we will deal with shared ownership schemes, help to buy, new builds and problem-solving where property is involved and for these matters, we are happy to agree fees.

Disbursements

The standard disbursements anticipated for a purchase transaction are set out below. The list is not exhaustive and other disbursements may apply depending on the particular circumstances.

Search fees             Approx.               £400 - £500 plus VAT

Land Registry Search                         £4

Bankruptcy search per name             £2

Bank transfer fee                                £21 plus VAT

Land Registry fee ranging between   £20 and £910

If the property is leasehold, there will be additional disbursements as stipulated in the lease.  Notices of transfer and charge are usually between £35 to £200 plus VAT per notice, deeds of covenant are usually between £50 to £750 plus VAT and certificates of compliance are usually between £50 to £350 plus VAT.

Stamp Duty Land Tax – The amount of tax payable will depend upon the purchase price, the particular transaction and whether you own other properties. You can calculate the amount you will need to pay by using HM Revenue & Customs website or if the property is located in Wales by using the Welsh Revenue Authority website.

Referral fees

We do not pay referral fees to estate agents or other intermediaries in relation to any of our conveyancing work undertaken.

Stages of the Process (Purchases)

The stages involved in the purchase of a residential property vary according to the circumstances. Some of the key stages 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
  • make any necessary enquiries of seller’s solicitor
  • give you advice on all documents and information received
  • go through with you the conditions of the mortgage offer
  • send final contract and if applicable mortgage deed 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 you and the Lender including apportionments of ground rents and service charges
  • carry out pre-completion searches
  • complete purchase
  • deal with payment of Stamp Duty/Land Tax
  • deal with application for registration at Land Registry
  • provide you with a copy of completed registration at the Land Registry
  • give notice of your purchase to your landlord (if the property is leasehold).

Stages of the Process (Sales)

The stages involved in the sale of a residential property vary according to the circumstances. Some of the key stages include:

  • take your instructions and give you initial advice
  • prepare draft contract documents
  • request service charge pack from the freeholder (if the property is leasehold)
  • replying to enquiries raised by the Buyer’s solicitors
  • give you advice on all documents and information relevant to the sale
  • send final contract to you for signature
  • agree completion date (date on which you will vacate the property)
  • exchange contracts and notify you that this has happened
  • send final transfer documents to you for signature
  • complete the sale
  • settle the agents’ sale invoice from the sale proceeds
  • redeem any mortgage(s)
  • account to you with any balance of funds held.

I do appreciate the work involved and the many tedious details that you so thoroughly check. You made it a pleasure for me!

O T