Price and Service Transparency
Residential Conveyancing fees
When it comes to conveyancing many clients believe that a fixed price can be given for a ‘straightforward transaction’ however, this is not always the case as there are many fees and costs which can arise making each case as unique as the property/land in question.
Below is a table setting out our standard legal fees for residential sales and purchases, these fees are based on the value of the property. If the land / property is of a commercial nature, please call us for more information.
| Property | Sale fee
(£) |
Purchase fee
(£) |
| Up to £100,000 | 545 | 595 |
| £100,001 – £150,000 | 595 | 645 |
| £150,001 – £200,000 | 645 | 695 |
| £200,001 – £250,000 | 695 | 745 |
| £250,001 – £350,000 | 795 | 845 |
| £350,001 – £500,000 | 845 | 895 |
| £500,001 – £700,000 | 995 | 1045 |
| £700,000 – £900,000 | 1095 | 1195 |
| £900,001 – £1,000,000 | 1250 | 1400 |
| £1,000,001 – £1,250,000 | 1500 | 1700 |
| £1,250,001 – £1,500,000 | 1750 | 1950 |
| £1,500,001 – £1,750,000 | 2000 | 2300 |
| £1,750,001 – £2,000,000 | 2500 | 2750 |
- All the fees shown above are subject to VAT at the prevailing rate.
- Abortive fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you.
- For any properties over £2m please note that a bespoke estimate of costs will be required.
In addition to these fees we may apply further charges depending on the complexity of the transaction and any extra work involved. For example, if the property is unregistered, leasehold, new build or shared ownership then it will require extra work and a further fee may be applicable.
You may also wish to instruct us to deal with a Declaration of Trust or a lease variation which again will attract further fees. When we are fully aware of the nature of the transaction, we will be able to provide a full, detailed quote.
To obtain an accurate conveyancing quotation bespoke to your transaction, please call us on 01460 494100
Remortgages
Our fees to act on a standard remortgage are £350 + VAT.
As with sale and purchase transactions it may be necessary to apply further fees if the matter is complex, dealing with more than one lender, removal or addition of a property owner etc
Disbursements
In addition to our fees for conducting the legal work there are payments that you will have to pay, and these should be the same or similar whoever conducts your conveyancing.
These are often known as Disbursements but in plain English these are payments that have to be made to third parties to fulfill the requirements for transferring land and/or property.
They include payments for –
Stamp Duty (SDLT or Welsh Land Transaction Tax depending on the location of the property). Always remember the tax you pay is self-assessment and we are not tax lawyers and cannot advise. To be sure that you pay the correct amount of tax you should consider taking specialist independent tax advice before committing to any purchase. Please click here to be taken to the basic HMRC web site calculator or here for the Welsh Land Transaction Tax Calculator.
Searches (of the local authority, mining searches, drainage searches, land registry searches, environment searches, area development searches and many more). You should budget between £200 and 350 plus VAT for searches depending on location and number and types of searches required
Land registry fees payable – again these depend on the type of property its value and whether an electronic submission can be made.
CONVEYANCING TIMESCALES
It is understandable that all parties to a conveyancing transaction would like to know how long the transaction will take, unfortunately this is the one area we cannot give assurances on.
The average transaction time according to the government has lengthened (due to more vigorous requirements for anti-fraud investigations, money laundering checks and other things such as changes to mortgage regulation etc.) with 12-16 weeks now being the average across England and Wales. We find the majority of matters can proceed quicker than this and we will always try and do our best to meet a client’s requirements but please note that this is often not within our control and so no firm commitments should be made in regard to timescales unless and until you have reached exchange of contracts.
Referral fees
It is very rare that we will agree to pay referral fees to third parties, such as estate agents’ panels and mortgage brokers, for the introduction of your business. If such a fee applies to your transaction this will be fully disclosed to you in our formal quote and initial paperwork before you are committed to the transaction.
To obtain an accurate conveyancing quotation bespoke to your transaction, please call us on 01460 494100