Residential Conveyancing
All our residential conveyancers have at least 2 years’ experience in this area of law and some have more than 20 years’ experience. Qualifications are set out in the individual profiles on the ‘Our People’ section of this website.
Supervision of the department is undertaken by office team leaders and by the Head of the Conveyancing Department, Alistair Everett.
Set out below are some examples of the legal fees and disbursements on a range of property transactions.
Residential Property – Purchase of a Freehold House
Our fees cover all of the work required to complete the purchase of your home.
Here is a typical range of our fees and disbursements:-
Purchase Price £125,000
- Legal fee £1,450
- VAT payable £290
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £0
- Search fees £200 to £300
- HM Land Registration fee £100.00
- HM Land Registry Search fee £22.80
- Total £2098.80 to £2198.80
Purchase Price £400,000
- Legal fee £1,595
- VAT payable £319
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £7,500.00
- Search fees £200 to £300
- HM Land Registration fee £150.00
- HM Land Registry Search fee £22.80
- Total £9,822.80 to £9,992.80
Purchase Price £1m (£1,000,000/00)
- Legal fee £1,950
- VAT payable £390
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £41,250.00
- Search fees £200 to £300
- HM Land Registration fee £295.00
- HM Land Registry Search fee £22.80
- Total £44,143.80 to £44,243.80
Residential Property – Purchase of a Leasehold Flat
Our fees cover all of the work required to complete the purchase of your leasehold flat.
Here is a typical range of our fees and disbursements:-
Purchase Price £125,000
- Legal fee £1,950 (inc LH Fee)
- VAT payable £390
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £0
- Search fees £200 to £300
- HM Land Registration fee £100.00
- HM Land Registry Search fee £22.80
- Landlord’s fee (estimated) £50.00
- Total £2,748.80 to £2,848.80
Purchase Price £400,000
- Legal fee £2,095 (inc LH Fee)
- VAT payable £419
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £7,500.00
- Search fees £200 to £300
- HM Land Registration fee £150.00
- HM Land Registry Search fee £22.80
- Landlord’s fee (estimated) £50.00
- Total £10,472.80 to £10,572.80
Purchase Price £1m (£1,000,000.00)
- Legal fee £2,450.00 (inc LH Fee)
- VAT payable £490
- Electronic money transfer fee £36.00
- Stamp Duty Land Tax £41,250.00
- Search fees £200 to £300
- HM Land Registration fee £295.00
- HM Land Registry Search fee £22.80
- Landlord’s fee (estimated) £50.00
- Total £44,793.80 to £44,893.80
In addition with leasehold purchases the following disursements can apply
Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50-£250.
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-£250.
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 £50-£250.
Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50-250.
You should also be aware that with leasehold property 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.
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. The examples indicated above assume that the property you are purchasing is already registered and is not a transfer of part. If this is not the case then the land registry fee will be double the fee indicated.
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 here.
One further thing to note in relation to this is that if you are purchasing a buy to let property and already own a property then the stamp duty payable will differ from the examples given above as stamp duty is payable at the higher rate. You should calculate the amount you will need to pay by using HMRC@s website as above.
Residential Property – Sale of a Freehold House
Our fees cover all of the work required to complete the sale of your home
Here is a typical range of our fees and disbursements:-
Sale price £125,000
- Legal fee £1,450
- VAT payable £290
- Electronic money transfer fee £36.00
- HM Land Registry document fee £14.00
- Total £1,790.00
Sale price £400,000
- Legal fee £1,595
- VAT payable £319
- Electronic money transfer fee £36.00
- HM Land Registry document fee £14.00
- Total £1,964.00
Sale price £1m (£1,000,000.00)
- Legal fee £1,950
- VAT payable £390
- Electronic money transfer fee £36.00
- HM Land Registry document fee £14.00
- Total £2,390.00
Residential Property – Sale of a Leasehold Property
Our fees cover all of the work required to complete the sale of your leasehold flat.
Here is a typical range of our fees and disbursements:-
Sale price £125,000
- Legal fee £1,950 (inc LH Fee)
- VAT payable £390
- Electronic money transfer fee £36.00
- Landlord’s fee (estimated) £50.00
- HM Land Registry document fee £14.00
- Total £2,440.00
Sale price £400,000
- Legal fee £2,095 (inc LH Fee)
- VAT payable £419
- Electronic money transfer fee £36.00
- Landlord’s fee (estimated) £50.00
- HM Land Registry document fee £14.00
- Total £2,614.00
Sale price £1m (£1,000,000.00)
- Legal fee £2,450 (inc LH Fee)
- VAT payable £490
- Electronic money transfer fee £36.00
- Landlord’s fee (estimated) £50.00
- HM Land Registry document fee £14.00
- Total £3,040.00
Residential Property – Remortgage of a Freehold House
NEW MORTGAGE AMOUNT £200,000.00
- Legal fee £950 in total to include all disbursements and VAT
This fee is on the assumption that the property is registered and there will be no change in ownership. If it is not a straightforward remortgage then we may not be able to do it under an all-inclusive remortgage fee.
Note
Please note that legal 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.
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.
Our fees assume that:
- a standard transaction with no unforeseen matters arise including for example (but not limited to) issues relating to missing planning permission or building regulation approval, a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
- on a leasehold transaction there is a transfer of an existing lease not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complications arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- the property is registered at the Land Registry
- on a purchase, the transaction is not a new build property or a purchase of just part of an existing property, the Help to Buy Scheme does not apply and it is not a low cost/shared ownership scheme
- no additional searches are required beyond the usual searches
- no additional indemnity policies are required. Additional disbursements may apply if indemnity policies are required
- the property is in England, so Stamp Duty Land Tax applies. If the property is in Wales, Welsh Land Transaction Tax will apply and may be at a different rate to SDLT. We will let you know the exact figure at the time of giving you a fee quote.
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 8 to 12 weeks.
It can be quicker or slower, depending on the parties in the chain. If you are buying a leasehold property which requires an extension of the lease, this can take significantly longer, between 3 and 4 months. 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, some key stages 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