Standard Costs - Residential Conveyancing

Below is confirmation of our prices for acting on behalf of a person(s) in connection with a residential property transactiom up to the value of £600,000. Our fees are fixed and we do not charge an hourly rate for conveyancing matters

If the price of the residential property exceeds £600,000, or involves a limited company or commercial mortgage, please contact either Rannu Chohan or Roxy Bailey-Bradshaw for a
quote.

  • Sale or Purchase of Freehold property - £699 + VAT
  • Sale or Purchase of Leasehold property - £899 + VAT
  • New Build Purchase - £999 + VAT
  • Mortgage - £300 + VAT
  • Re-mortgage - £600 + VAT
  • Purchase of Freehold - £599 + VAT
  • Lease Extenstion - £899 + VAT
  • Right to Buy Purchase - £699 + VAT

In addition to the above standard transaction, the following additional costs may apply depending on the nature of the transaction

  • Standard Search fees - £225 + VAT
  • All required Office Copies of Registered Title & documents £35 + VAT
  • Help To Buy ISA / Lifetime ISA - £50 + VAT
  • Conveying shared ownership property - £500+VAT
  • Conveying unregistered property - £400 + VAT
  • Acting for your lender for a new Mortgage - £300 + VAT
  • Acting for your lender to discharge a Mortgage - £300 + VAT
  • Obtaining an indemnity policy - £100 + VAT
  • Drafting a Deed Of Covenant - £150 + VAT
  • Serving Notice Of Assignment or Mortgage - £100 + VAT
  • Completing SDLT Form (Optional) - £75 + VAT
  • Deed Storage (Optional) - £100 + VAT

 

PLEASE NOTE THAT THE CURRENT RATE OF VAT IS 20%

 

Below is is a list of common disbursements (Taxes) payable by you in connection with a purchase (VAT IS NOT PAYABLE ON THE BELOW

  • Land Registry Fee of £20 - £1,105 depending on the purchase price of the property, see https://www.gov.uk/government/publications/increase-to-hm-land-registry-fees/fees-review-2021-to-2022
  • Stamp Duty Land Tax – depending on purchase price and personal circumstances see; https://www.stampdutycalculator.org.uk

 

  Stages of the conveyancing process The precise stages involved in the purchase of a residential property vary according to the circumstances but the following is a general overview of what we do:-

  • Take your instructions and give you initial advice
  • Check that your finances are in place to fund purchase
  • Confirm our instructions and request a contract pack from the seller’s solicitor
  • Receive and advise on contract documents, following investigations into title
  • Carry out searches
  • Obtain any further documentation required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send the contract, transfer deed and mortgage deed to you for signature
  • Agree a completion date on your behalf with the seller’s solicitor (date from which you own the property and can move in)
  • Exchange contracts and notify you once this has happened
  • Receive all monies requires from you and your mortgage lender
  • Complete your purchase on the day of compeltion
  • Deal with the payment of Stamp Duty/Land Tax
  • Submit an application for registration at Land Registry

Similarly, the precise stages involved in the sale of a residential property vary according but the following is a general overview of what we do:-

 

  • Take your instructions and give you initial advice
  • Supply you with all the protocol forms that you must complete as a seller
  • Submit a draft contract pack to the buyer’s solicitor
  • Answer any enquiries raised by the buyer’s solicitor
  • Approve the transfer drafted by the buyer’s solicitor and reply to requisitions
  • Send the final contract and transfer deed to you for signature and return
  • Agree a completion date on your behalf with the buyer’s solicitor (date by which you must vacate the property for your buyer to move in to)
  • Exchange conytrcats and notify you once this has happened
  • Receive completion money from the buyer’s solicitor on the day of completion
  • Account to you for the net proceeds of sale