Residential conveyancing - fees

We are proud to have achieved the Law Society Conveyancing Quality Scheme Accreditation, which reflects the standards of practice and integrity across our department.

We operate in accordance with the Law Society Conveyancing Protocol, which sets out preferred practice in residential conveyancing transactions for both freehold and leasehold properties.  By operating within the Protocol, we are able to provide consistency for our clients and increase the efficiency in all transactions.

Unless issues arise that are out outside of our control, for example if another party in the chain withdraws from their transaction, we would expect a typical sale or purchase to be completed within eight to ten weeks of us first receiving instructions.

At the outset of your matter, you will be provided with an estimate of our fees for the work that is required to complete the sale or purchase of your property, and the disbursements that you will incur.  The disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.  We handle the payment of the disbursements on your behalf to ensure a smoother process.

Our Costs

Our fees and the disbursements that you will incur will vary depending on the purchase price or sale price of your property.  We have however set out below our average estimated fees for different types of transactions, assuming a property value of £300,000.00.

Transaction Freehold Property Leasehold Property
Sale £650.00 plus VAT £800.00 plus VAT
Purchase £700.00 plus VAT £850.00 plus VAT

It is a requirement that the balance of funds required to complete the purchase of a property, or any payment that is made in redemption of a mortgage, must be made electronically on the day of completion.  We are also able to arrange electronic payment if so required, when distributing the net proceeds of sale of the property.  We charge £35.00 plus VAT for each electronic payment that is made.

We charge £60.00 plus VAT for completing your Stamp Duty Land Tax (SDLT) return in relation to the purchase of a property, and lodging the same on-line.

In the event you are raising a mortgage to assist in funding the purchase of a property, you may also be responsible for paying the legal costs incurred by us in acting on behalf of your lender.  These fees are likely to be in the region of £150.00 plus VAT.

Please note that we do not pay referral fees to estate agents, or to any other introducers.

Disbursements

The disbursements that you incur may include the following:-

Freehold Purchase

Stamp Duty Land Tax (SDLT) – this is a tax that may be payable by you, on the purchase of a property that is situated in England.  The amount of tax that is payable will vary, depending upon the purchase price of the property, whether or not you are a first time buyer, and whether you own any other property.  You can calculate the amount of SDLT that you will need to pay by accessing the SDLT calculator on the HMRC website.

If the property is located in Wales, you may be liable for Land Transaction Tax (LTT) on the completion of your purchase.  You can calculate your potential liability by accessing the LTT calculator on the Welsh Revenue Authority website.

Search fees – the extent of the fees that are payable will vary, depending on the area in which the property is situated and the nature of the searches that are required.  However, these are usually in the region of £300.00.

Land Registry fees – the extent of the fee that is payable is determined by the purchase price of the property.  Assuming the application can be lodged electronically, the fees currently payable are as follows:-

Value or Amount (£) Fee (£)
0 – £50,000.00 £20.00
£50,001.00 to £80,000.00 £35.00
£80,001.00 to £100,000.00 £60.00
£100,001.00 to £200,000.00 £95.00
£200,001.00 to £500,000.00 £135.00
£500,001.00 to £1,000,000.00 £270.00
£1,000,001.00 and over £455.00

Assuming the purchase of a freehold property at a price of £300,000.00, the anticipated total fees and disbursements payable by you, excluding SDLT, will be £1389.00 inclusive of VAT.

Leasehold Purchase

In addition to the disbursements identified above for a freehold property, you may also incur the following disbursements in respect of the purchase of a leasehold property:-

Landlord’s Notice Fees – these vary from property to property but are usually in the region of £200.00 plus VAT.

Deed of Covenant Fees – these vary from property to property but are usually in the region of £150.00 plus VAT.

Assuming the purchase of a leasehold property at a price of £300,000.00, the anticipated total fees and disbursements payable by you, excluding SDLT, will be £1809.00 inclusive of VAT.

Freehold Sale

Land Registry office copy entries – £10.00 plus VAT.

Assuming the sale of a freehold property at a price of £300,000.00, the anticipated total fees and disbursements payable by you will be £792.00 inclusive of VAT.

Leasehold Sale

In addition to the Land Registry fees identified above for a freehold property, you may also incur the following disbursements in respect of the sale of a leasehold property:-

Land Registry office copy entries (additional) – £10.00 plus VAT.

Leasehold Information Pack – this varies from property to property but is usually in the region of £250.00 plus VAT.

Assuming the sale of a leasehold property at a price of £300,000.00, the anticipated total fees and disbursements payable by you will be £1344.00 inclusive of VAT.

Who to talk to

Andrew Vanner Partner
Vic Copping Partner
Alison Coles Solicitor
Sharon Harvey Licensed Conveyancer
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