Fixed Price Conveyancing Fees (Purchase)

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.

Our Conveyancer's fees range from £850.00 (plus VAT of £170.00) to £1050.00 (plus VAT of £210.00), if the property is below £1,000.000. If the price is above £1,000,000 we will provide you with a bespoke estimate.

Our administration charges:

  • Completion of Land Transaction Return: £48.00 (including VAT)
  • Use of CHAPS money transfer system: £48.00 (including VAT)
  • Telephone and postage: £24.00 (including VAT)

There are in addition, a range of disbursements as follows:

  • Local search fee: £173.40 
  • HM Land Registry fee: £135.00
  • Electronic money transfer fee: £40.00 (plus VAT £8.00)
  • Water and drainage search: £43.14
  • Chancel Search: £24.00
  • Environment search fee: £48.00
  • Land Registry Priority Search: £3.00
  • Bankruptcy only search: £4.00
  • Inland Revenue Return submission fee of £40.00 (plus VAT of £8.00)

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. The local search fee varies depending on which Local Authority the search is provided by. For instance, if the search is provided by Worthing and Adur the current cost is £115. The above cost is the charge made by Brighton and Hove. 

The Land Registry fees will also vary. In the example above this is the fee charged by the Land Registry on purchase prices of £200,000 to £500,000.

We sometimes have to carry out additional searches if say, for instance, you are buying a rural property or a newly built one.

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 here: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro  or if the property is located in Wales by using the Welsh Revenue Authority's website here: https://beta.gov.wales/land-transaction-tax-calculator. In addition to price it will also depend whether this purchase is classified as a second property. 

Estimated total, legal fees and disbursements between £1546.54 to £1906.54

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 6-10 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 4-6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 12 and 14 weeks. 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, the key stages are below:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • 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 completion date (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 purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

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.

Our Conveyancer's fees range from £950.00 (plus VAT of £190.00) to £1200 plus (VAT of £240.00), if the property is below £1,000.000.

Our administration charges:

  • Completion of Land Transaction Return: £48.00 (including VAT)
  • Use of CHAPS money transfer system: £48.00 (including VAT)
  • Telephone and postage: £24.00 (including VAT)

There are in addition, a range of disbursements as follows:

  • Search fees: £173.40 
  • HM Land Registry fee: £135.00
  • Electronic money transfer fee: £40.00 (plus VAT £8.00)
  • Water and drainage search: £43.14
  • Chancel Search: £24.00
  • Environment search fee: £48.00
  • Land Registry Priority Search: £3.00
  • Bankruptcy only search: £4.00
  • Inland Revenue Return submission fee: £40.00 (plus VAT £8.00)

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 above. 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. Often the fee is between £50-£150. 
  • Notice of Charge fee (if the property is to be mortgaged):
    This fee is set out in the lease. Often the fee is between £50 and £150. 
  • 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 £150-£350. 
  • Certificate of Compliance fee:
    To be confirmed upon receipt of the lease, as can range between £50-£150. 

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents. Unfortunately as these are third party costs we have no control over these and we have seen a large rise in the average charge made by managing agents and freeholders over the last decade. Some of the disbursements are common, others less so. For instance it is necessary to serve notice of transfer and charge in nearly all leasehold purchases. A Deed of Covenant probably arises on around 25% of leasehold purchases and a Certificate of Compliance on less than 10%. 

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.

The Land Registry fees will also vary. In the example above this is the fee charged by the Land Registry on purchase prices of £200,000 to £500,000.

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 here: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority's website here: https://lttcalculator.wra.gov.wales/.

Estimated total, legal fees and disbursements between £1786.54 to £2086.54 

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, the key stages are below:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • 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
  • Send final contract to you for signature
  • Draft Transfer 
  • Advise you on joint ownership
  • Obtain pre-completion searches 
  • Agree completion date (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 purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

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 6-10 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 4-6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 10 and 14 weeks. In such, a situation where additional charges would apply. 

* Our fee assumes that: 

a) 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
b) this is the assignment of an existing lease and is not the grant of a new lease
c) the transaction is concluded in a timely manner and no unforeseen complication arise
d) all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e) no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
 

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