Pricing - Residential Conveyancing
23rd September 2024
In accordance with the requirements of the Solicitors Regulation Authority we give below our fees for acting on your behalf in connection with conveyancing transactions: –
Please note:
The following are only indicative charges and are based on a reasonably straightforward transaction. If additional work is anticipated or subsequently found necessary, our fees will need to be increased accordingly.
Sales (with one mortgage to redeem) or Purchases (with one mortgage to take up)
| Sale/Purchase Price | Freehold | Leasehold |
| £0.00 - £99,000 | £999 + 20% VAT | £1,394 + 20% VAT |
| £100,000 - £199,000 | £1,050 + 20% VAT | £1,445 + 20% VAT |
| £200,000 - £299,000 | £1,150 + 20% VAT | £1,545 + 20% VAT |
| £300‚000 - £399,000 | £1,250 + 20% VAT | £1,645 + 20% VAT |
| £400‚000 to £499‚000 | £1,350 + 20% VAT | £1‚745 + 20% VAT |
| £500‚000 to £599,000 | £1,450 + 20% VAT | £1,845 + 20% VAT |
| £600,000 - £699,000 | £1,550 + 20% VAT | £1,945 + 20% VAT |
| £700,000 - £799,000 | £1,650 + 20% VAT | £2,045 + 20% VAT |
| £800,000 - £899,000 | £1,750 + 20% VAT | £2,145 + 20% VAT |
| £900,000 - £999,000 | £1,850 + 20% VAT | £2,245 + 20% VAT |
| £1,000,000 + | 0.3% of property value (as guidance) + 20% VAT | 0.3% of property value (as guidance) + £395 + 20% VAT |
NB
If there is a mortgage to take up but the Lender is separately represented £200 + 20% VAT per mortgage will be added.
Extras
| Shared Ownership | Add £395 + 20% VAT |
| Help to Buy | Add £300 + 20% VAT |
| New Build | Add £400 + 20% VAT |
| Help to Buy ISA | Add uplift £60 + 20% VAT |
Anticipated Disbursements – FREEHOLD
| Land Registry Office Copy Entries (on Sale) | £9 + 20% VAT |
| Bank Transfer Fee (for each Transfer) | £30 + 20% VAT |
| Search Pack (on Purchase) | £350 + 20% VAT (approximate) |
| Land Registry Fee | Payable on value of Property |
| Request on Account | £300 |
Anticipated Disbursements – LEASEHOLD
| Land Registry Office Copy Entries (on Sale) | £15 + 20% VAT |
| Bank Transfer Fee (for each Transfer) | £30 + 20% VAT |
| Managing Agents Questionnaire (on Sale) | £250 + 20% VAT (estimated) |
| Search Pack (on Purchase) | £350 + 20% VAT (approximate) |
| Land Registry Fee (on Purchase) | Payable on value of Property |
| Request on Account | £300 |
Additional Disbursements – ON PURCHASE
| Stamp Duty Admin Fee | £25 + 20% VAT |
| Electronic Identification Fee (per person) | £40 + 20% VAT |
| Mortgage Admin Fee | £35 + 20% VAT (only payable if mortgage is via online portal) |
Lease Extension
| Tenant No Mortgage | £895 + 20% VAT |
| Tenant Mortgage | £995 + 20% VAT | Landlord | £1,200 + 20% VAT |
| Serving Section 42 Notice | £795 + 20% VAT |
Anticipated Disbursments
| Land Registry Office Copy Entries (on Sale) | £15 + 20% VAT |
| Land Registry Fee | Payable on value of Property |
Re-Mortgage
| Amount | Freehold | Leasehold |
| Up to £250,000 | £700 + 20% VAT | £895 + 20% VAT |
| £250,000 - £500,000 | £895 + 20% VAT | £1,050 + 20% VAT |
| £500,000 - £750,000 | £1,050 + 20% VAT | £1,250 + 20% VAT |
| £750,000 - £1,000,000 | £1,200 + 20% VAT | £1,450 + 20% VAT |
| £1,000,000 + | £1,495 + 20% VAT | £1,650 + 20% VAT |
Equity Release |
£700 + 20% VAT |
| With Transfer of Equity | Add £495 + 20% VAT |
| With Leasehold Property | Add £395 + 20% VAT |
Anticipated Disbursements
| Land Registry Office Copy Entries | £9 + 20% VAT |
| Bank Transfer Fee (for each Transfer) | £30 + 20% VAT |
| Search Pack Indemnity Insurance | Payable on value of Property |
| Land Registry Fee | Payable on value of Property |
Transfer of Equity
| Without Mortgage | £695 + 20% VAT |
| With Mortgage | £795 + 20% VAT |
Anticipated Disbursments
| Land Registry Office Copy Entries | £9 + 20% VAT |
| Bank Transfer Fee (for each Transfer) | £30 + 20% VAT |
| Search Pack Indemnity Insurance | Payable on value of Property |
| Land Registry Fee | Payable on value of Property |
Assent | £495 + 20% VAT |
Severance of Joint Tenancy | £240 + 20% VAT |
Trust Deed |
£295 - £495 + 20% VAT |
Bank Transfer Fee – INTERNATIONAL |
£80 + 20% VAT |
First Registration |
£495 + 20% VAT |
Our current charge out rates for conveyancing matters
| Partner | £270 per hour + 20% VAT |
| Solicitor | £260 per hour + 20% VAT |
| Legal Executive | £260 per hour + 20% VAT |
| Caseworker/Paralegal | £240 per hour + 20% VAT |
| Trainee | £195 per hour + 20% VAT |
What is included
Sales
Taking your instructions, preparing and submitting draft Contract, answering a limited number of enquiries raised thereon, arranging for the Contract to be signed and effecting exchange of Contracts. Answering Requisitions on Title, approving the draft Transfer Deed, arranging for a copy to be signed in readiness for completion. Completing the matter and accounting to you for the net sale proceeds.
If the property is leasehold our fee would include obtaining ground rent and service charge information, dealing with enquiries raised on the information supplied by your Landlord or Managing Agents, preparing apportionments of these outgoings and settling any arrears out of the sale proceeds on completion.
If there is a mortgage to redeem, our additional fee would include obtaining a redemption statement, informing you as to the amount outstanding under the mortgage and on completion accounting to the Lender for the amount needed to redeem the mortgage (but excluding arranging the electronic transfer of the monies to your Lender for which there is a separate charge).
Purchases
Taking your instructions and upon receipt of draft papers raising enquiries and making appropriate Searches. Reporting to you on the result of our enquiries and Searches, returning the draft Contract approved, arranging for you to sign a copy and ultimately exchanging Contracts on your behalf. Approving the draft Transfer Deed, raising Requisitions on Title, making a Search at the Land Registry, preparing Land Transaction Return and arranging for you to sign the same, completing the matter, filing the Land Transaction Return and subsequently registering your purchase at the Land Registry.
If the property is leasehold then our fee would include advising on the lease and ground rent and service charge information and serving notice of Transfer/Mortgage on the Landlords or their Managing Agents/Solicitors following completion of the purchase.
If there is a mortgage to take up then our additional fee would include upon receipt of mortgage instructions from your Lender reporting to you, preparing the Mortgage Deed and arranging for you to sign it. Reporting on the Title to the property to your Lender and obtaining the mortgage advance in time for completion, making a Land Charges Search and, following completion registering the mortgage with the Land Registry.
Timescales
In very general terms a sale or purchase tends to take 4-6 weeks to exchange of Contracts and then 1-2 weeks to completion of the transaction. This very much depends upon the length of the chain of transactions, whether the property is leasehold or freehold, if it is a purchase of a new build, shared ownership schemes, the need for any party to obtain a mortgage advance and whether problems arise during the course of the matter e.g. adverse survey reports, re-negotiation on price, difficulties agreeing completion dates etc.
We will be pleased to advise you as to what is included in our other fee scales upon request.
This Firm anticipates that all expected costs have been included in the fees detailed.
