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Fees: Conveyancing

Conveyancing:

PRICING INFORMATION In accordance with the Solicitors Regulation Authority’s Transparency Rules, we have set out below our average conveyancing fees. The fees listed are for a conveyancing transaction which does not have any legal or complex issues. Our fees cover all of the work required to complete your sale, purchase or re-mortgage including dealing with payment of stamp duty and property registration where applicable.
PURCHASE FREEHOLD
Purchase Price Legal Fees
Up to -£500,000 Average £1,250 to £1,500.00 Plus Vat
£500,001-£1,000,000 Average £1,250 to £1,700.00 Plus Vat
PURCHASE LEASEHOLD
Purchase Price Legal Fees
Up to -£500,000 Average £1,400 to £1,700.00 Plus Vat
£500,001 -£1,000.000 Average £1,600 to £2,100.00 Plus Vat
SALE FREEHOLD
Sale Price Legal Fees
Up to -£500,000 Average £950 to £1,200.00 Plus Vat
£500,001-£1,000,000 Average £1,200 to £1,450.00 Plus Vat
SALE LEASEHOLD
Sale Price Legal Fees
Up to – £500,000 Average £1,100 to £1,400.00 Plus Vat
£500,001 -£1,000.000 Average £1,300 to £1,600.00 Plus Vat
TRANSFER OF TITLE/RE-MORTGAGE
Legal Fees – Average £950 to £1,500
Fee for Acting for Lender – To be confirmed
VALUE ADDED TAX
The fees quoted above are exclusive of VAT. We are required to charge VAT at the current rate of 20% in addition to the legal fees quoted.
DISBURSEMENTS FEES
In addition to the above, there are disbursements fees. We shall provide you with full details in our written quotation and client care letter subsequently. Disbursements are fees paid to third parties on your behalf, they are not our charges. See table below for list of disbursements. Do note that this is not an exhaustive list.
DISBURSEMENTS FEES LIST
Cost £
Purchase of Freehold/Leasehold
Local Authority Search
(includes drainage and environmental)
Approx £200.0
Stamp Duty Land Tax – single property
TBC
Office Copy Entries
£6.00-£12.00
Bankruptcy Fees (per person)
£2.00
Priority Search Fees
£3.00
Land Registration Fees
TBC
Chancel Search (if applicable)
TBC
Notice of Transfer, Notice of Charge, Deed of Covenant
*Note: For Leasehold Purchase only
TBC
Sale of Leasehold
Office Copy Entries
£12.00
Bankruptcy Fees (per person)
£2.00
Leasehold pack –from Freeholder or Managing Agent
TBC
Sale of Freehold
Office Copy Entries
£6.00
Bankruptcy Fees (per person)
£2.00
RE-MORTGAGE
Office copy Entries
£6.00
Bankruptcy Fees (per person)
£2.00
Land Registration Fee
TBC
*TBC: To be confirmed
ADDITIONAL COSTS
There will be additional charges for the following transactions:  A sale or purchase with a share of freehold  Any unusual circumstances such as length of the lease, planning or building regulations issues, listed building, estate management schemes or defective title  expediting the transaction  New builds  Lease extension, deed of variation or other legal deed  The price is above £1m  Unregistered land  Help to Buy Scheme or Help to Buy Isa  Auction sale or purchase  If the conveyancing partner is dealing with the transaction  Matters listed in the table below Do note the above is not an exhaustive list. However, we would always keep you fully informed where the transaction would attract any increase in the fees. ADDITIONAL CHARGES LIST
Net £
Vat £
Gross £
Lost/ Duplicate Share certificate in Freehold or Management Company
50.00
10.00
60.00
Execution of stock transfer form and new share certificate in Freehold Company
50.00
10.00
60.00
Statutory Declaration
150.00
30.00
180.00
Power of Attorney
150.00
30.00
180.00
Licence to Assign
275.00
55.00
330.00
Purchasing/ Selling share of Freehold
200.00
40.00
240.00
Deed of Covenant
175.00
35.00
210.00
Corresponding with mortgagee or solicitor holding off repossession
200.00 per hour plus vat
Deed of Variation
275.00
55.00
330.00
Surrendering a Lease
275.00
55.00
330.00
Lease Extension
400.00
80.00
480.00
Grant of New Lease
450.00
90.00
540.00
Removal of registered caution/ restriction
125.00
25.00
150.00
Dealing with third party mortgage company lawyers
400.00
80.00
480.00
Electronic transmission of money outside of the UK
80.00
16.00
96.00
Cheque returned unpaid or stopped
25.00
5.00
30.00
Dealing with Third party lawyer
250.00
50.00
300.00
Approving, researching or arranging title repair/ indemnity insurance policy
45.00
9.00
54.00
Separate parking space lease (additional land registry and landlord’s notice fee will apply)
150.00
30.00
180.00
Administrative fee on retention whether held by us or the other solicitor
200.00
20.00
120.00
Fees added when monies are paid by credit/ debit card
0%
Deed of Trust
275.00
55.00
330.00
Obtaining Landlord’s consent (including retrospective) to alterations to property
275.00
55.00
330.00
Expedited completion (less that 2 weeks between exchange and completion)
150.00
30.00
180.00
Dealing with Gift Deposits
100.00
20.00
120.00
Our Handling fee for Bank Transfer
30.00
6.00
36.00
SCOPE OF SERVICES FOR FEES QUOTED
Purchase
 Taking instructions from parties involved
 Investigating the title to the property
 Carrying out searches with respect to the title/property
 Reviewing draft contract and other documentation received from the seller’s solicitor
 Raising enquiries with the seller’s solicitors
 Negotiating the purchase contract
 Reviewing replies given by the seller to pre-contract enquiries
 Negotiating a Transfer document
 Advising the buyer in respect of your mortgage offer: (if applicable)
 Preparing and sending the buyer a report on title (that is; a break down of all finding about the property)
 Proceeding to exchange of contracts and then completion of the purchase
 Preparing and submitting to HM Revenue and Customs the appropriate stamp duty forms and payment
 Registering the purchase and the mortgage (if applicable) at the Land Registry.
 For leasehold property, carrying out other post completion matters with the managing agents/freeholder.
Sale
 Taking instructions
 Investigating the title to the property
 Drafting contract and preparing related documents
 Sending draft papers to the solicitors acting for the buyer
 For leasehold property, obtaining leasehold pack and forwarding to buyer’s solicitors
 Negotiating contracts and responding to additional enquires from the buyer’s solicitors
 Negotiating the transfer document
 Responding to requisitions raised by the buyer’s solicitors
 Proceeding to exchange of contracts and then completion of the sale
 Receiving sale proceeds and transferring funds to the seller, the estate agent and other relevant parties
Transfer of Title/ Re-mortgage
 Taking instructions
 Investigating the title to the property
 Acting on behalf of the lender (if applicable)
 Negotiating the terms of the transaction
 Drafting Transfer or approving draft Transfer
 Negotiating amendments to the draft Transfer
 Corresponding with parties with regards to the Transfer
 Agreeing and preparing for completion
 Receiving and transferring funds to relevant parties
 Paying stamp duty (if applicable)
 Registering the transfer with the Land Registry
TIMESCALE
On average, conveyancing matters take between 2 to 6 months to conclude. However, some cases may take longer depending on the circumstances of the transaction. We will keep you updated throughout the course of your transaction.
SOLICITOR RESPONSIBLE FOR YOUR CASE
Your matter will be handled by the Principal Solicitor who has been a practising solicitor for 17 years. In addition, we also have paralegals who carry out routine work on case files under the supervision of the Principal Solicitor.