Our Costs
To ensure you have a clear indication of the total cost of our Conveyancing service we have set out below some examples of the main types of Conveyancing transactions along with our prices.
Price Guidelines
Unfortunately, there is no ‘one size fits all’ pricing as each transaction is different. Some examples of the variables include:
- Whether you are a first time buyer.
- Whether it is a re-mortgage.
- Whether the property is freehold or leasehold.
- Whether you are purchasing a new build.
- Whether the property is registered.
- Whether the property is shared ownership.
- Whether you are purchasing at auction.
We would always encourage you to contact us so that we can discuss your requirements with you to enable us to provide you with an accurate quotation.
Example Estimates
| Type of Transaction | Value of the property is up to £250,000 | Value of the property is between £250 – £500k | Value of the property is between £500 – £1m |
|---|---|---|---|
| Sale (freehold) | 1,200 | 1,400 | 1,600 |
| Purchase (freehold) | 1,250 | 1,400 | 1,650 |
| Sale (leasehold) | 1,500 | 1,650 | 1,800 |
| Purchase (leasehold) | 1,600 | 1,850 | 2,150 |
VAT is payable on our fees outlined above.
If you are purchasing a new build property, an additional fee of £400 plus VAT will apply.
Disbursements
These are costs payable to third parties that relate to a transaction, below are some examples of disbursements that may arise in a typical transaction.
For Purchases
- Search fees. The amount payable for searches will be dependent on the location of the property that you are purchasing; however, the minimum cost for a ‘search pack’ which includes a local, drainage and environmental search, would not be below £328.00.
- Land Registry search fee of £8.80. If you are obtaining a mortgage a further Land Registry bankruptcy search is required at the cost of £7.80 per person.
- Stamp duty Land Tax. This is variable and is based on the value of the property, the status of the buyer and the nature of the transaction. You can calculate the amount of stamp duty payable by using the H M & Revenues Stamp Duty Calculator
- Land Registry registration fee. This will depend on the value of the property being purchased, but the current scales for purchase of a single registered freehold property are as follows:-
| Property Value | 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 |
For Sales
- Land Registry copy entries, assuming the property is registered, which is a minimum of £8.00.
- Electronic Bank Transfer fee of £30 per transfer.
- For leasehold property sales a fee is usually payable to the Landlord/Management Company for providing what is commonly referred to as the Management Pack.
Fixed Fee
Any quote that we provide to you is intended to be fixed and would only be varied, in consultation with you, in the event of the proposed transaction becoming unexpectedly complicated or protracted.
Timescales
It is very difficult to give an accurate estimate of the length of time a transaction will take as this will depend on a number of variables including the length of the chain. The gov.uk website currently states that “buying or selling a home normally takes 2 to 3 months.” The process can be quicker or slower than this depending on a number of variables.
Our Reputation
We take great pride in the trust our clients place in us and in knowing that we’ve built that trust through honesty, care and attention to detail.
Here When You Need Us
If you’d like to know more about us, or if you’re looking for clear, friendly legal advice, please get in touch.