Residential Property Price Transparency

1. THE SERVICE YOU CAN EXPECT

We understand that as our client, you will want clear information as to what your costs are likely to be as part of your transaction.

All of our conveyancing staff are highly qualified and experienced property lawyers.  A dedicated conveyancer will have conduct of your transaction from start to finish.

We shall give you a fee estimate at the start of the conveyancing process and a clear indication of what you can expect as part of that fee.  This will include details of who will be handling your transaction, who you will be able to speak to should you have any concerns, what we shall need from you and our estimate of likely time scales.

2. OUR FEE COMMITMENT

Whilst no two transactions are the same, we shall take the time at the start to fully understand what the transaction will involve so that our fee estimate to you is as accurate as possible.

3. OUR FEE STRUCTURE

Our fees are based on a sliding scale which is in line with other law firms who offer residential conveyancing and reflects our experience of the likely complexity of matters.

You should expect to pay fees as follows:

Freehold sale

Up to £250,000                                   From £1,100 plus VAT

£250,000 to £500,000                         From £1,500 plus VAT

£500,000 to £750,000                         From £1,650 plus VAT

£750,000 to £1,000,000                      From £2,000 plus VAT

Over £1,000,000                                 Please telephone for bespoke estimate

 

Leasehold sale

Up to £250,000                                   From £1,275 plus VAT

£250,000 to £500,000                         From £1,675 plus VAT

£500,000 to £750,000                         From £1,825 plus VAT

£750,000 to £1,000,000                      From £2,175 plus VAT

Over £1,000,000                                 Please telephone for bespoke estimate

 

Freehold purchase

Up to £250,000                                   From £1,125 plus VAT

£250,000 to £500,000                         From £1,750 plus VAT

£500,000 to £750,000                         From £1,950 plus VAT

£750,000 to £1,000,000                      From £2,200 plus VAT

Over £1,000,000                                 Please telephone for bespoke estimate

 

Leasehold purchase

Up to £250,000                                   From £1,375 plus VAT

£250,000 to £500,000                         From £2,000 plus VAT

£500,000 to £750,000                         From £2,200 plus VAT

£750,000 to £1,000,000                      From £2,450 plus VAT

Over £1,000,000                                 Please telephone for bespoke estimate

 

For New-Build Properties, we shall charge an additional £250 plus VAT

 

Re-Mortgage

Freehold                      Leasehold

Up to £1 million                       £750 plus VAT            £850 plus VAT

£1 million and over                 Please telephone for a bespoke estimate

 

Transfers of equity

No mortgage                           Freehold                      Leasehold

Selling Party                           £650 plus VAT            £750 plus VAT

Purchasing Party                    £750 plus VAT            £850 plus VAT

 

Existing mortgage                   Freehold                      Leasehold

Selling Party                           £750 plus VAT            £850 plus VAT

Purchasing Party                    £750 plus VAT            £950 plus VAT

 

The above charges include dealing with and advising upon all legal aspects of the transaction, all telephone calls, general and incidental correspondence and complying with money laundering and regulatory requirements.  The above does not include any tax advice save for the preparation and submission of the Stamp Duty Land Tax return.

Our fees set out above also include our acting on behalf of your lender as part of the conveyancing process (whether in terms of releasing the mortgage as part of a sale or a lender taking security over the property on a purchase).

There will also be sums that will be payable to third parties.  These may include:

1. Search fees

We shall apply for a local authority search, drainage and water search, environmental/flood combined search and DevAssess search.  You should budget for around £500 for these searches.  If additional searches are required, we shall advise you of the likely costs.

2. Land Registry fees

There will be fees payable to the Land Registry as part of any application that needs to be made after completion of a matter and are available to view on the Land Registry website.  There will also be costs involved in obtaining documents from the Land Registry portal and these vary from £3 to £10 per document.

3. Bank transfer fee

We charge £30 plus VAT for any bank transfers made on your behalf.

4. Stamp duty land tax

As part of the fee estimate, we shall set out what your anticipated stamp duty liability will be based on the anticipated completion date.

5. Value Added Tax

We are registered for VAT and as such VAT will be payable on our fees.  VAT may also be payable on third party charges referred to above.

6. Other costs payable to third parties

Depending on the transaction, you may also be responsible for additional payments (the exact cost of which are set by third parties and so the figures below are indicative only).  These may include:

• Replies to standard form management enquiries – £350 to £600 plus VAT
• Landlord/third party notice fees – £75 to £150 plus VAT
• Licences to assign – £450 to £750 plus VAT
• Deeds of covenant – £100 to £250 plus VAT
• Management company/freehold share transfer – £75 to £100 plus VAT

4. UNANTICIPATED COSTS

Our above fees are based on our experience of the work a typical transaction will involve.  If our fee estimate has to change for any reason, we shall let you know as soon as circumstances arise which necessitate that.

We will always discuss and agree with you beforehand any necessary fee increase (for example, if there is a defect in the title that requires remedying).

If your transaction does not proceed for any reason then we shall charge fees depending on how far the matter has progressed.  We shall discuss with you at the relevant time what proportion of our fees will be payable.

We are members of the Law Society accredited Conveyancing Quality Scheme (CQS).