Our fees cover all of the work required to complete the sale, or purchase of your new home, including (on purchase) 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 – based on the pricing bracket
- Sale/ Purchase price Fee (plus VAT @ 20%)
- Up to £499,999 £1000.00
- £500k – £999,999 £1200.00
- £1m plus 1.5% of purchase price
- Search fees £300 (estimated) (purchase) no VAT payable
The number and nature of searches that you will require may vary depending on the property and/or any mortgage lender.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees and search providers. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Please see below cost for disbursement
- HM Land Registry fee (purchase) dependant on value of property (see https://landregistry.data.gov.uk/fees-calculator.html for Land Registry fee scale). No vat payable.
- Fee for sending money by Electronic Transfer (as costs) £42 plus VAT. The Vat rate is 20%.
- Land Registry/ Land Charges documents: bankruptcy search £2 per person/ land charges search £2/ pre completion search £3; title documents (sale) £3 each. No vat payable.
- Fee for filing SDLT return (purchase) £100 plus VAT. The Vat rate is 20%.
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.
HOW LONG WILL MY HOUSE SALE/ PURCHASE TAKE FOR FREEHOLD PROPERTY?
How long it will take from the offer being accepted until you can sell/ move in to your house will depend on a number of factors. The average process takes between 6-12 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 20 weeks or longer. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 6 and 15 months. In such, a situation additional charges would apply.
STAGES OF THE PROCESS (purchase)
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase and contact lender’s solicitors if needed
- Carry out Anti Money Laundering checks on source of funds
- Receive and advise on contract documents
- Carry out searches
- Obtain further planning documentation if 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 final contract to you for signature
- Agree a completion date (the date from which you own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete the purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry
- Notify you and your lender (if applicable) of registration once confirmed.
STAGES INVOLVED (SALE)
- Take your instructions
- Check the land registry title of the property you are selling.
- Prepare protocol documents (list of fixtures and fitting, sellers information form), the contract of sale and deeds relating to your sale.
- Dealing with questions and enquiries raised by your buyer(s)’ solicitors.
- Reporting and providing information to you relating to the property you are selling.
- Dealing with any mortgage lender relating to redemption of your mortgage
- Exchanging contracts following any necessary negotiations on the terms.
- Approving the transfer deed from the buyer(s)’ solicitors.
- Completing your sale and accounting to you (and any lender) for the proceeds or receiving from you any monies required to complete the sale.
- Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.