Conveyancing – How much does it Cost ?
Buying or selling your house remains one of the most uncertain times in many of our lives. We have developed our processes to try to minimise that uncertainty as far as possible. This guide sets out not only the fees we will charge on a sale or purchase but also the other costs that may be payable.
There is no standard sale or purchase of a house. The system has become more digitalised but all of the traditional complications still exist; structural defects, mortgage difficulties, personal preferences on timing and relationship issues can slowly change a “straightforward deal” to a long drawn-out and frustrating affair. We reflect this in the price we charge to offer you the certainty of a fixed fee whilst affording our team the time to deal with each and every client on an individual basis.
As no two transactions are ever the same, it is difficult to predict how long a sale or purchase may take. It can commonly take eight to twelve weeks but we will aim, if possible, to complete far quicker than that but unfortunately it may sometimes take longer.
The price information that follows is given for guidance and should not be taken as a binding quote. When we work for clients, we always ensure that we give a personalised costs estimate at the outset, based on the actualities of each transaction.
Disbursements
“Disbursements” are payable during the conveyancing process. Disbursements are costs that are payable to third parties (whether or not we handle the processes). Disbursements are not set by us and what is payable will depend upon whether it is a sale or purchase, freehold or leasehold. We have set out below the most common disbursements which are likely to be found in different transactions.
As disbursements are payable to third parties we request money from you before we incur those costs and this is usually at the start of the transaction. Typically, we ask you to pay £25.00 on a sale and £250.00 on a purchase.
Our Costs
Our costs have been carefully calculated to ensure that we can provide the certainty of fixed prices for individual transactions whilst giving our team the time to deal with each client and matter on an individual basis rather than as part of an industrial-style process.
Our costs reflect the level of work we anticipate is likely to be involved based upon our many decades of conveyancing experience. As you will see, we consider there is likely to be slightly less time involved in acting on a sale rather than a purchase.
Our costs also reflect the value of the property. Each sale or purchase, no matter the value of the property, will be dealt with in the same way with the same level of dedication and attention to detail. However, we are mindful that our costs must remain proportionate but also reflect the element of risk we take in dealing with higher value transactions.
Sale of a Property
Our Costs on the Sale of Property
| Selling Price | Legal Fees | VAT | Total |
|---|---|---|---|
| £0 - £100,000 | £675 | £135 | £810 |
| £100,001 - £150,000 | £725 | £145 | £870 |
| £150,001 - £200,000 | £750 | £150 | £900 |
| £200,001 - £300,000 | £825 | £165 | £990 |
| £300,001 - £500,000 | £925 | £185 | £1,110 |
| £500,001 - £750,000 | £1,000 | £200 | £1,200 |
| £750,001 - £1,000,000 | £1,250 | £250 | £1,500 |
| £1,000,001 + | Quote on individual basis |
| Additional Costs | Legal Fees | VAT | Total |
|---|---|---|---|
| Electronic Money Transfer Fee | £25 | £5 | £30 |
Likely Disbursements on the Sale of Property
| Items | Cost | VAT | Total |
|---|---|---|---|
| Land Registry Office Copy Entries fee | £3 | 60p | £3.60 |
| Land Registry Title Plan fee | £3 | 60p | £3.60 |
| Managing Agent Fees (Leasehold) | Variable, commonly £150 - £350 |
Work likely to be involved on Sale of Property
| Supplying information to you and those involved with the transaction | |
| Correspondence with the Selling Agents | |
| Applying for your title deeds and upon receipt of the same perusing title and preparing draft Contract and submitting the same to your Purchaser’s Solicitors | |
| Dealing with replies to preliminary enquiries and matters arising out of the same | |
| If the property is Leasehold, applying for any necessary Landlord consents and approving and completing necessary documentation | |
| In due course proceeding to exchange of contracts and reporting to you – if applicable applying for a redemption figure in respect of your current mortgage and attending to the redemption of the same upon completion and re-assigning or releasing any life policies | |
| Approving draft Transfer and dealing with the Requisitions on Title | |
| Obtaining your Estate Agent’s account | |
| Preparing and submitting a Completion Statement to you and in due course proceeding to completion and thereafter attending to all the necessary post-completion matter and complying with undertakings given to you Purchaser’s Solicitors and to your Mortgagee where appropriate |
Purchase a Property
Costs on the Purchase of Property
| Purchase Price | Legal Fees | VAT | Total |
|---|---|---|---|
| £0 - £100,000 | £675 | £135 | £810 |
| £100,001 - £150,000 | £725 | £145 | £870 |
| £150,001 - £200,000 | £750 | £150 | £900 |
| £200,001 - £300,000 | £825 | £165 | £990 |
| £300,001 - £500,000 | £925 | £185 | £1,110 |
| £500,001 - £750,000 | £,100 | £220 | £1,320 |
| £750,001 - 1,000,000 | £1,300 | £260 | £1,560 |
| £1,000,000 + | Quote on individual basis |
| Possible Additional Costs | Legal Fees | VAT | Total |
|---|---|---|---|
| Electronic Money Transfer Fee | £25 | £5 | £30 |
| Fee for completing SDLT Form | £40 | £8 | £48 |
| Assist in dealing with Unregistered Land | £200 | £40 | £240 |
| Assist in dealing with Leasehold Title | £200 | £40 | £240 |
| Assist in dealing with Multiple Titles (Per additional title) | £125 | £25 | £150 |
| Assist in dealing with Second and Subsequent Charges (Per Charge) | £150 | £30 | £180 |
| Assist in dealing with Third Party Lawyers | £200 | £40 | £240 |
| Assist in dealing with a Freehold Management Company | £150 | £30 | £180 |
| Assist in dealing with drafting a Deed of Covenant | £150 | £30 | £180 |
| Assist in dealing with Simultaneous Exchange and Completion | £100 | £20 | £120 |
| Assist in dealing with an Occupiers Consent Form | £30 | £6 | £36 |
| Assist in dealing with a Gifted Deposit | £40 | £8 | £48 |
| Assist in drafting basic Declaration of Trust | £150 | £30 | £180 |
| Assist in drafting Key Undertaking Agreement | £50 | £10 | £60 |
| Assist in drafting Deed of Easement | £250 | £50 | £300 |
| Assist in a Property Sold by Auction | £200 | £40 | £240 |
| Assist in a Repossession Purchase | £200 | £40 | £240 |
| Assist in a Buy to Let Purchase | £50 | £10 | £60 |
| Assist in a New Build Transaction | £200 | £40 | £240 |
| Assist in a Shared Equity Transaction | £500 | £100 | £600 |
| Assist in a Shared Ownership Transaction | £500 | £100 | £600 |
| Assist with Unregistered Land | £200 | £40 | £240 |
| Assist with Indemnity Insurance Policy (Per Policy) | £40 | £8 | £48 |
| Assist with Paying a Broker Fee | £20 | £4 | £24 |
| Assist with Help to Buy ISA | £50 | £10 | £60 |
| Assist with Notice of Severance | £50 | £10 | £60 |
Likely Disbursements on the Purchase of Property
| Items | Cost | VAT | Total |
|---|---|---|---|
| Local Authority Search Fee | £100 - £150 | £20 - £30 | £120 - £180 |
| Drainage & Water Search Fee | £40 - £60 | £8 - £12 | £48 - £72 |
| Environmental Search Fee | £50 - £100 | £10 - £20 | £60 - £120 |
| Land Registry Fee | See table below | ||
| Land Registry Search fee | £3 | 60p | £3.60 |
| Land Charges Search fee | £2 | 40p | £2.40 |
| Stamp Duty | See note below | ||
| Notice of Transfer fee (Leasehold Only) | £100 - £150 | £20 - £30 | £120 - £180 |
| Notice of Charge fee (Leasehold Only) | £50 - £150 | £10 - £30 | £60 - £180 |
| Deed of Covenant fee (Leasehold Only) | £75 - £200 | £15 - £40 | £90 - £240 |
Land Registration Fees
You can work out the fee that maybe due for the application using the Land Registry Calculator
| Purchase Price | Fee Via Portal | Fee via Paper |
|---|---|---|
| £0 - £80,000 | £20 | £40 |
| £80,001 – £100,000 | £40 | £80 |
| £100,001 – £200,000 | £95 | £190 |
| £200,001 – £500,000 | £135 | £270 |
| £500,001 – £1,000,000 | £270 | £540 |
| £1,000,001 and over | £455 | £910 |
Stamp Duty Tax
This depends on the purchase price of your property and also whether you are a first time buyer or own other 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.
Work Likely to be involved on Purchase of Property
| Supplying information to you and those involved with the transaction | |
| Approving the draft Contract on your behalf | |
| Raising preliminary enquiries | |
| Conducting Local Authority and other relevant searches | |
| Investigating title, preparing Mortgage (if applicable) and Transfer documents and in due course proceeding to exchange of contracts at which time you will be legally bound to the transaction | |
| Making the pre-completion legal arrangements, including all appropriate Searches at the Land Registry and the Land Charges Register | |
| Reporting on title to your Building Society/Mortgagee and arranging for the release of the mortgage advance funds if applicable | |
| Preparing Completion Statement and arranging for you to place us in funds for the balance required | |
| Dealing with all post-completion matters including the Registration of your title at the Land Registry and in due course, if appropriate, forwarding your title deeds to the Building Society/Mortgagee if applicable |
Referral Fees
On occasions we will pay a fee to a third party who has introduced a client to us. These vary according to the introducer and the value of the transaction. If we pay a referral fee and propose to add it to the fees set out above we will tell you at the beginning of the matter, setting out both the amount and recipient of the referral fee.
Further Information
From this site
Residential Conveyancing Team
Get a Quote : Conveyancing