PLEASE NOTE

• WE DO NOT PAY ANY FORM OF REFERRAL FEE
• WE DO NOT CHARGE FOR ACTING FOR THE LENDER (OTHER THAN IN EXCEPTIONAL CIRCUMSTANCES)
• ALL POSTAGE AND CORRESPONSE COSTS ARE INCLUDED IN OUR FEE

Purchase of a freehold residential property

Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancer’s fees and disbursements

• Legal fee (average) £590 +VAT

In this example, a property valued at £180,000 the legal fee is £600 +VAT

Fees are dependent on the value of the property.  For example, on a freehold property sale on a property value of £150,000 the fee will be £575 +VAT, and on a freehold property sale on a property value of £400,000 the fee will be £875 +VAT.

• Search fees average £300-350 +VAT (dependent on Local Authority) assuming £325 +VAT for this example
• HM Land Registry fee £30 for this example (fees vary depending on the nature of transaction and value of property)

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

• Electronic money transfer fee £25 +VAT
• Client ID fee £15 +VAT
• SDLT fee £75
• VAT payable £193

Estimated subtotal: £1,263

Depending on the nature of the transaction, we may also apply the following:

• Dealing with each gifted deposit on any transaction £75 + VAT
• Dealing with the draw down of each HTB/Lifetime ISA bonus £75 +VAT
• Dealing with any HTB equity loan/mortgage £375 + VAT

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

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.

SDLT £1,100

Estimated total including SDLT £2,363

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between six-twelve weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a cash buyer, purchasing a freehold property, it could take four-six weeks. However, if you are buying a freehold property with a mortgage and with a number of parties in the chain, this can take significantly longer, potentially between three and four months. In such a situation additional charges would apply.

Stages of the Process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below is a brief outline of the process:

• Take your instructions and verify identification
• Check the source of funds
• Check finances are in place to fund purchase
• Receive and check contract documents
• Carry out searches
• Make any necessary enquiries of seller’s solicitor
• Receive mortgage instructions on behalf of your mortgage provider and go through conditions (where a mortgage is required)
• Advise you on all documents and information received as events occur

• Arrange a meeting to see you at the office to go through all relevant documentation and obtain your signature, to discuss prospective dates for exchange of contracts and completion with you, and advise you on joint ownership

• Agree completion date with all parties in the chain (date from which you own the property)
• Arrange to collect your deposit from you
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be collected from lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

* Our fee assumes that:

1. this 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
2. the transaction is concluded in a timely manner and no unforeseen complication arise
3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Purchase of a leasehold residential property

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 the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

Conveyancer’s fees and disbursements

• Legal fee (average) £725

In this example, a property valued at £180,000 the legal fee is £850 +VAT

Fees are dependent on the value of the property.  For example, on a freehold property sale on a property value of £150,000 the fee will be £700 +VAT, and on a freehold property sale on a property value of £400,000 the fee will be £875 +VAT.

• There is no fee for acting on behalf of the mortgage lender
• Search fees average £300-350 +VAT (dependent on Local Authority) assuming £325 +VAT for this example
• HM Land Registry fee £95 for this example (fees vary depending on the nature of transaction and value of property)

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

• Electronic money transfer fee £25 +VAT
• Client ID fee £15 +VAT
• VAT payable £243

Estimated subtotal £1,553

Depending on the nature of the transaction, we may also apply the following:

• Dealing with each gifted deposit on any transaction £75 + VAT
• Dealing with the draw down of each HTB/Lifetime ISA bonus £75 +VAT
• Dealing with any HTB equity loan/mortgage £375 + VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements*

• Notice of Transfer fee – This fee if chargeable is set out in the lease. This can be as low as £10 but can be in excess of £200.
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. This can be as low as £10 but can be in excess of £200.
• Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £50 and £200.
• Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50 – £200.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above, and may or may not be subject to VAT. We can give you an accurate figure once we have sight of the leasehold information pack.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.

SDLT £1,100

Grand estimated total £3,053

Stages of the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

• Take your instructions and verify identification
• Check the source of funds
• Check finances are in place to fund purchase
• Receive and check contract documents
• Receive leasehold information pack from seller’s solicitors (this can extend the length of the transaction as it can take several weeks for this to be made available)
• Carry out searches
• Make any necessary enquiries of seller’s solicitor
• Receive mortgage instructions on behalf of your mortgage provider and go through conditions (where a mortgage is required)
• Advise you on all documents and information received as events occur
• Arrange a meeting to see you at the office to go through all relevant documentation and obtain your signature, to discuss prospective dates for exchange of contracts and completion with you, and advise you on joint ownership
• Agree completion date with all parties in the chain (date from which you own the property)
• Arrange to collect your deposit from you
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be collected from lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry
• Send the Notice of Transfer/Charge and/or Deed of Covenant and/or Certificate of Compliance (and make payment)

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between two-three months. It can be quicker or slower, depending on the parties in the chain. For example, if you are a cash buyer, purchasing a property with no other parties in the chain, it could take two months. However, if you are buying a leasehold property which requires a mortgage and there are a number of parties in the chain, this can take significantly longer, between three and four months. In such a situation additional charges would apply.

* Our fee assumes that:

1. this 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
2. this is the assignment of an existing lease and is not the grant of a new lease (only for LH)
3. the transaction is concluded in a timely manner and no unforeseen complication arise
4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required

Remortgage

Our fees cover all of the work* required to complete the remortgage of your home, including redeeming the current mortgage and dealing with registration at the Land Registry.

Conveyancer’s fees and disbursements

• Legal fee (average) £400 +VAT

Fees are dependent on the value of the property and if the property if freehold or leasehold.

• Office Copies average £6

• Search fees average £300-350 +VAT (dependent on Local Authority) assuming £325 +VAT for this example
• HM Land Registry fee £30 for this example (fees vary depending on the nature of transaction and value of property)

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

• Electronic money transfer fee £25 +VAT
• Client ID fee £15 +VAT
• VAT payable £153

Estimated total: £954

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.

How long will my remortgage take?

How long your remortgage will take depend on several factors. The average process takes between one to two months.

Stages of the process

The precise stages involved in the remortgage vary according to the circumstances. However, below is a brief outline of the process:

• Take your instructions and verify identification
• Obtain Office Copy Entries and redemption figure
• Check the source of funds in the event that you are reducing your borrowing or providing any funds yourself
• Receive mortgage instructions on behalf of your mortgage provider and go through conditions
• Carry out searches
• Discuss terms of mortgage offer with you

• Arrange a meeting to see you at the office to go through all relevant documentation and obtain your signature, to discuss prospective dates for  completion with you

• Agree completion date with you (date from which you own the property)
• Arrange for all monies needed to be collected from lender and you
• Complete remortgage and discharge any existing mortgage
• Deal with application for registration at Land Registry

Sale of a freehold residential property

Our fees cover all the work* required to complete the sale of your home, including dealing with registration at the Land Registry.

Conveyancer’s fees and disbursements

• Legal fee (average) £560 +VAT

In this example, a property valued at £180,000 the legal fee is £575 +VAT

Fees are dependent on the value of the property.  For example, on a freehold property sale on a property value of £150,000 the fee will be £550 +VAT, and on a freehold property sale on a property value of £400,000 the fee will be £875 +VAT.

• Office copy entry and title plan £12-32
• Electronic money transfer fee £25 +VAT
• Client ID fee £15 +VAT
• VAT payable £120

Estimated total £752

Depending on the nature of the transaction, we may also apply the following:

• Dealing with the discharge of any HTB equity mortgage £350 + VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Stages of the process

The precise stages involved in the sale of a residential freehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

• Take instructions and ID documents
• When sales memorandum / details of the buyer’s solicitors are received, prepare and send the draft contract papers to the buyer’s solicitors
• Deal with any pre-contract enquiries raised and, more often than not, this will involve your assistance
• Obtain redemption figures from your mortgage lender (if you have a mortgage secured on your property)
• Arrange to see you at the office to sign contract papers and go through redemption figures with you
• Contact the buyer’s solicitor to negotiate dates for exchange and completion
• Exchange contracts
• Complete the sale
• Discharge any mortgages you have on the property and account to you for the balance of the sale proceeds.

How long will my house sale take?

How long it will take from your offer of sale being accepted until legal completion will depend on a number of factors. The average process takes between two to three months. It can be quicker or slower, depending on the parties in the chain. For example, if you have a cash buyer, purchasing your property with no other parties in the chain, it could take four to six weeks. However, if your buyer requires a mortgage and there are a number of parties in the chain, this can take significantly longer, between three and four months. In such a situation additional charges would apply.

* Our fee assumes that:

1. this 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
2. the transaction is concluded in a timely manner and no unforeseen complication arise
3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required

Sale of a leasehold residential property

Our fees cover all the work* required to complete the sale of your home, including dealing with registration at the Land Registry.

Conveyancer’s fees and disbursements

• Legal fee (average) £750 +VAT

In this example, a property valued at £180,000 the legal fee is £800 +VAT

Fees are dependent on the value of the property.  For example, on a leasehold property sale on a property value of £150,000 the fee will be £800 +VAT, and on a freehold property sale on a property value of £400,000 the fee will be £850 +VAT.

• Office copy entry and title plan £12-32
• Electronic money transfer fee £25 +VAT
• Client ID fee £15 +VAT
• VAT payable £168

Estimated subtotal £1,040

Depending on the nature of the transaction, we may also apply the following:

• Dealing with the discharge of any HTB equity mortgage £350 + VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

• Leasehold Sales information pack – This fee is provided by the management company for the property and can be difficult to estimate. Often it is in excess of £400.
• Estimated total: £1,440

Stages of the process

The precise stages involved in the sale of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

• Take instructions and ID documents
• Obtain from you details of the freeholder’s managing agent; obtain from the agent their costs to provide the leasehold sales information pack
• Obtain funds from you for the leasehold info pack and apply to the agent for the pack (this can take an average of two to four weeks to be produced)
• When sales memorandum / details of the buyer’s solicitors are received, prepare and send the draft contract papers to the buyer’s solicitors
• Send Leasehold Sales Information Pack to buyer’s solicitors once received
• Deal with any pre-contract enquiries raised and, more often than not, this will involve your assistance
• Obtain redemption figures from your mortgage lender (if you have a mortgage secured on your property)
• Arrange to see you at the office to go through redemption figures and ground rent service charge figures
• Discuss provisional exchange and completion dates with you
• Contact the buyer’s solicitor to negotiate dates for exchange and completion
• Exchange contracts
• Complete the sale
• Discharge any mortgages you have on the property, any ground rent or service charge liabilities, Estate Agent’s fees and account to you for the balance.

How long will my house sale take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between two-three months. It can be quicker or slower, depending on the parties in the chain. For example, if you have a cash buyer, purchasing your property with no other parties in the chain, it could take two months. However, if your buyer requires a mortgage and there are a number of parties in the chain, this can take significantly longer, between three and four months. In such a situation additional charges would apply.

* Our fee assumes that:

1. this 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
2. this is the assignment of an existing lease and is not the grant of a new lease (only for LH)
3. the transaction is concluded in a timely manner and no unforeseen complication arise
4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.