Conveyancing Pricing Information

Selling Residential Property

*Fee example based on sale of residential property value £195,000

Please note that our conveyancing fees may increase in relation to the property value.

Conveyancing Fees £750 plus VAT thereon £150
ID Search £10 plus VAT thereon £2
Obtaining and Reviewing Land Registry Docs £20 plus VAT thereon £4
Bank Transfer Fee (each transfer) £35 plus VAT thereon £7
VAT £163
Subtotal £978

Disbursements

In addition there will be the following disbursements:

Freeholders Post Completion Requirements varies
Obtaining Management Pack varies
Subtotal £0*

*There could be fees for disbursements on sales but as these can vary case by case and are outside of our control they are not listed here. 

Estimated Total Cost

Our Fees £973
Disbursements £0*
Total £973

Deeds

We will obtain official copies and plans and any documents downloadable from the Land Registry at no charge to you.

It is though your responsibility to provide us with the remainder of the deeds e.g. planning permissions, building regulations certification, NHBC documentation, FENSA certification, 106 Agreements, s38 Agreement.

If we need to obtain these from local authorities or other solicitors, we will make charges of £20 + VAT per document in addition to their fees for providing to us

Please note though we cannot control how quickly these outside agencies provide these documents.

Missing Documentation and Errors in Title

There may be documentation within the title to your property which is either missing or does not exist, which result in defects in title. eg missing rights of way, missing documentation.

Many of these can be resolved by putting in place indemnity policies, if we do need to put any of these in place we will make a charge of £25 + VAT for arranging these policies. The cost of the indemnity policies varies but will be charged in addition.

How long will my sale take?

It is difficult to estimate how long the conveyancing process will take, but typically we anticipate it will take four to twelve weeks to complete a property sale. If this varies in any way significantly during the course of your transaction. we will update you as to the likely date of completion at the earliest possible opportunity.

Purchasing Residential Property

*Fee example based on purchase of residential property value £195,000

Please note that our conveyancing fees may increase in relation to the property value.

The following relates to the purchase of a freehold property. If the property being purchased is a leasehold there will be an additional cost detailed in Leasehold Properties section below. 

Our Professional Charges £750 plus VAT thereon £150
Bank Transfer Fee (each transfer) £35 plus VAT thereon £7
ID Search Fee £10 plus VAT thereon £2
Completion of SDLT Return £60 plus VAT thereon £12
Provision and Review of Searches £200 plus VAT thereon £40
Obtaining and Reviewing Pre-Completion Searches £10 plus VAT thereon £2
VAT (at 20%) £213
Subtotal £1278

 

Disbursements

The Land Registry fee on completion £190
Stamp Duty* £0
VAT (at 20%) £0
Subtotal £190

Estimated Total Cost

Our Fees £1143
Disbursements £190
Total £1333

Stamp Duty

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.

*Stamp Duty in the above example has been calculated at the rates at this time and on the basis that this is not the purchase of a second home or buy-to-let property.  If this is not the case please let us know as different Stamp Duty rates will apply.

Since the budget on 23rd September 2022 purchases by first time buyers are exempt from SDLT if the purchase price is below £425,000.

If this does apply to you will not be required to pay the Stamp Duty detailed above.

In order to count as a first time buyer, a purchaser must not, either alone or with others, have previously acquired a major interest in a dwelling or an equivalent interest in land situated anywhere in the world.

This includes previous acquisitions by inheritance or gift, or by a financial institution on behalf of a person under an alternative finance scheme.

Relief is not denied by virtue of a previous acquisition as a trustee unless the purchaser was also a beneficiary of the trust.

Relief is also not denied if the purchaser owns or has previously owned non-residential or mixed-use property, as long as that property did not include a dwelling.

This restriction does not apply where the interest acquired was the grant or assignment of a lease with less than 21 years to run.

If the property is purchased jointly, all the purchasers must meet these conditions.

Leasehold Property

If the Property you are buying turns out be leasehold there will be an additional fee of £125 + VAT for us to deal with the additional queries in relation to this tenure. 

If we were aware of the tenure when giving this quote this may be detailed in your quote.

* Our fee assumes 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 requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  2. This is the assignment of an existing lease and is not the grant of a new lease
  3. The transaction is concluded in a timely manner and no unforeseen complication arise
  4. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Properties with Management Companies

If you are buying a property which requires you to pay a service charge we will be required to obtain information from your seller’s Management Company to be able to buy the Property.

Our charges in relation to reviewing this information is £150 + VAT.

Shared Ownership

If you are purchasing your property on a shared ownership basis then there will be additional legal fee of £295 + VAT for the additional works and registration formalities involved.

Other

In addition to the above you may have to pay your lender’s legal fees and payments to other parties e.g. your building society or other lender for their survey and other fees, or your surveyor and you should check with them the amounts they will require, inclusive of VAT where appropriate.

We will act as your “tax agent” for the purposes of SDLT in connection with your purchase. This means that we will complete the Land Tax Return form on your behalf, and we will submit the return online. By agreeing to our terms and conditions, you are also agreeing to authorise us to enter the date of completion of your purchase as the effective date of the transaction for the purposes of SDLT. We will submit the form electronically  to HM Revenue and Customs, together with your payment of the tax due, immediately after completion has taken place.

Expedited Completion

If you require us to complete your purchase within 5 working days of us receiving your mortgage offer there will be an additional fee payable to arrange funds release from your lender and an expedition fee of £100 + VAT will be payable.

Help to Buy ISA

If you are buying with the assistance of a Help to Buy ISA there will be an additional fee payable of £50 + VAT for the additional work involved. Please note this fee is payable for each Help to Buy ISA we drawdown. This will be added to the final completion statement.

If you require us to complete your purchase within 5 working days of us receiving your mortgage offer there will be an additional fee payable to arrange funds release from your lender and an expedition fee of £100 + VAT will be payable.

Lifetime ISA

If you are buying with the assistance of a Lifetime ISA there will be an additional fee of £50 + VAT for each Lifetime ISA we drawdown.

Forces Help to Buy

If this purchase is being funded by way of a Forces Help to Buy Loan our legal fees for dealing with this will be £95 plus VAT.

Gifted Deposit

If you are receiving a gifted deposit from a family member or another party in we will have to carry out additional checks on the identity of the donors and the source of these funds, there will therefore be an additional fee of £50 + VAT payable upon completion for each donor.

Please note your lender may require a bankruptcy search to be undertaken against each person making the monetary gift. Bankruptcy searches are £2 per person and if required the amount for the search will be added to the final completion statement.

Surveys

If the Property is new build the survey is not really necessary as the property will have the benefit of a New Build guarantee (e.g. Zurich or NHBC) which guarantees the structure of the Property. If you have a mortgage lender assisting you with your purchase, they will carry out a valuation of the property as part of your mortgage application.

Searches

Although we have obtained the local search, it is important that you realise the limitations on the result of the search. Whilst some matters, for example possible road developments within 200 metres of the property are covered, no planning information that does not specifically relate to the property you are acquiring will be revealed. If you are concerned about possible development in the surrounding area, you should contact the local planning authority direct. If you have any further queries about what is and is not covered by the search, please let me know.

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 12-16 weeks. It can be quicker or slower, depending on the parties in the chain.

For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, we have been able at times to complete these within a week.

However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, months rather than weeks.

Stages of the process

The stages involved in the purchase of a residential property vary according to the circumstances. However, they often comprise most of the following.

  • Taking your instructions and give you initial advice
  • Checking finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receiving and advise on contract documents
  • Carrying out searches
  • Obtaining further planning documentation if required
  • Making any necessary enquiries of seller’s solicitor
  • Giving you advice on all documents and information received
  • Going through conditions of mortgage offer with you
  • Sending final contract to you for signature
  • Agreeing completion date (date from which you own the property)
  • Arranging for all monies needed to be received from lender and you
  • Exchange of contracts and notifying you that this has happened
  • Completing the purchase
  • Dealing with payment of Stamp Duty/Land Tax
  • Dealing with application for registration at Land Registry

Mortgages & Re-mortgages

Professional fees – Mortgage & Re-mortgages £495 +VAT thereon £99
Additional fee to include Transfer of Equity £395 +VAT thereon £79
ID Search £10 +VAT thereon £2 (per person)
Bank Transfer Fee (each transfer) £35 +VAT thereon £7
Obtaining and Reviewing Pre-Completion Searches £30 +VAT thereon £6
VAT (at 20%) £114, or £193 including Transfer of Equity
Estimated Total Price £684, or £1158 including Transfer of Equity

Disbursements

In addition there will be the following disbursements:

Land Registry Fee varies
Subtotal £0*

*There could be fees for disbursements on re-mortgages but as these can vary case by case and are outside of our control they are not listed here. 

Estimated Total Cost

Our Fees £684, or £1158 including Transfer of Equity
Disbursements £0*
Total £684, or £1158 including Transfer of Equity

Our Property Team

Our team has many years of collective experience in delivering high quality work in all matters relating to Property Transactions. The team has particular expertise in new build property conveyancing and dealing with the specific complexities associated with new build homes compared to the sale or purchase of existing property.

We have many members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Elton Ashworth, Managing Director and Head of our Property Department.

WR Director & Solicitor Elton Ashworth
Elton Ashworth
Managing Director & Solicitor
Suzanne Moore
Solicitor & Director
Claire Egerton
Director & Solicitor
Karen Green
Conveyancing Manager
Alissa Robinson
New Business Manager
Geraldine O’Rourke
New Business Advisor
Ashley Griffiths
New Business Advisor
Julie Walkden
SOWAF Manager
Sharon Tait
Associate Solicitor
Joanne Barton
Associate Solicitor
Dana McIlwaine
Associate Solicitor
Michael Perrin Watson Ramsbottom Solicitors
Michael Perrin
Associate Solicitor