Residential Conveyancing Fees - Purchase
Please note for properties over £1,000.000.00 we typically charge on a percentage basis which is 0.25% of the purchase price plus VAT, depending upon the complexity of the transaction.
Our fees are dependent on the agreed purchase price of the property, the location and when other complex factors are involved (such as transactions that involve the sale of multiple dwellings or land) to reflect the proportionate risk of carrying out higher-value transactions for our clients. Please contact us to discuss a bespoke estimate Tel: (01524) 386500.
Guide conveyancing fees for all other properties prices can be found below.
Freehold
Up to £250,0000 £750.00 +VAT at 20% (£900)
£250,001-£500,000 £850.00 +VAT at 20% (£1020)
£500,001-£1m £900.00 +VAT at 20% (£1080)
Leasehold
Up to £250,0000 £850.00 +VAT at 20% (£1020)
£250,001-£500,000 £950.00 +VAT at 20% (£1140)
£500,001-£1m £1,050.00 +VAT at 20% (£1260)
London
Up to £250,0000 £1000 +VAT at 20% (£1200)
£250,001-£500,000 £1120 +VAT at 20% (£1344)
£500,001-£1m £1195 +VAT at 20% (£1434)
Other Purchases
New build (No HTB) £1400.00 +VAT at 20% (£1680)
New build with HTB £1700.00 +VAT at 20% (£2040)
Shared Ownership Additional £350.00 +VAT at 20% (£420)
Right to Buy Leasehold price
Auction Additional £300.00 +VAT at 20% (£360)
Equity Mortgage Additional £250.00 +VAT at 20% (£300)
Staircasing Additional £850 +VAT at 20% (£1020)
Others
Declaration of Trust £250.00 +VAT at 20% (£300)
Discharge of HTB charge £650.00 +VAT at 20% (£780)
Lifetime ISA £50.00 +VAT at 20% (£60)
Forces HTB £150.00 +VAT at 20% (£180)
Buying in company Additional £50.00 +VAT at 20% (£60)
Purchase Disbursements:
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.
Search fees £258.20 (Local Authority Search, Water & Drainage Search, Environmental Search) inc VAT at 20%.
Charges in undertaking AML checks via Thirdfort - £15.00 inc VAT at 20%.
There is no VAT applicable on the disbursements below.
Land Registry registration fee on a scale dependent on price
Property Value Land Registry Fee
£0 to £80,000 £20
£80,001 to £100,000 £40
£100,001 to £200,000 £100
£200,001 to £500,000 £150
£500,001 to £1,000,000 £295
£1,000,001 and over £500
Land Registry search £7.00
Bankruptcy search £6.00 per name
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 as per link 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
Our fees assume 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 require 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 complications arise
3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
4. No indemnity polices are required. Additional disbursements may apply if indemnity polices are required.
Stages of the purchase process
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
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
How long will my house purchase take?
How long it will take will depend on a number of factors. The average process takes 10+ weeks. It can be quicker or slower, depending on the parties in the chain.
Who will deal with my matter?
The members of our conveyancing department and links to their profiles can be found below. Pippa Weld-Blundell is the Supervisor for the conveyancing department.
