Purchase of a Freehold Residential Property
Conveyancing fees
Our fees cover all the work required to complete the purchase of your new home, including:
- dealing with registration at the Land Registry, and
- dealing with Stamp Duty Land Tax in England, (Stamp Duty), or Land Transaction Tax in Wales (Land Tax).
All our prices quoted are exclusive of VAT
Value of Transaction Conveyancing fees
- £0.00 to £100,000 £1,010.00
- £100,000 to £150,000 £1,035.00
- £150,000 to £200,000 £1,085.00
- £200,000 to £250,000 £1,185.00
- £250,000 to £300,000 £1,310.00
- £300,000 to £350,000 £1,385.00
- £350,000 to £400,000 £1,460.00
- £400,000 to £450,000 £1,535.00
- £450,000 to £500,000 £1,610.00
- Over £500,000 – To be advised upon request for quote
Other Potential Fees:
Additional legal fees of £250.00 would be added for the following: –
- Help to Buy Purchase
- Shared Ownership Purchase
We charge the sum of £35.00 for each Electronic Transfer of Funds (CHAPS/TT)
Disbursements on a Purchase:
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.
Search Fees of approximately £300.00 (Dependent upon Local Authority)
Land Registry Fees for Official Copy Entries of the Register £14.00 (plus VAT)
Land Registry Fees based upon the purchase price (Please see Scale One)
Stamp Duty/Land Tax based upon on purchase price & buyers position in respect of relief applicable (click here for details)
The services included in our fees cover the following key stages:
- Taking your initial instructions, including checking that you have funds to proceed;
- We request the contract papers from the seller’s Solicitor;
- We undertake the Local Search;
- We consider the contract and any accompanying documents sent to us by the Sellers;
- We raise any enquiries about the property and deal with the contract terms and matters of ownership of the property;
- We “progress chase” regularly any outstanding paperwork and report to you periodically and in particular should there be problems;
- We provide the contract and preliminary documentation to you with a written report upon them and advise and obtain your signature to the contract and seek the deposit from you;
- We exchange contracts with the Seller’s Solicitors;
- We prepare the document to transfer ownership to you and have it approved by the seller’s Solicitors;
- We obtain your signature to the transfer document;
- We send you the mortgage documents and advise upon their content and request and receive the mortgage monies from your lender;
- We undertake the Land Registry and Bankruptcy Searches;
- We complete the purchase and pay over the purchase money by a single Bank transfer of funds;
- We complete the Stamp Duty Land Tax Return and send this to the Inland Revenue with the Tax payable, and
- We register your ownership of the property at the Land Registry.
How long will my house Purchase take?
This will depend on the individual circumstances of your purchase.
We estimate between 10-12 weeks on the basis that all parties are ready to proceed and there are no extenuating circumstances that would hold up the process or prevent us or others in the chain from proceeding within this reasonable time scale.
Please note that our fees are exclusive of VAT and assumes that:
- It is a standard transaction and that 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;
- The transaction is concluded in a timely manner and no unforeseen complication arise;
- All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation, and
- No indemnity policies are required. Additional costs and disbursements may apply if indemnity policies are required.