Our Solicitors Regulation Authority (SRA) Transparency Rules are divided into four sections:
ConveyancingProbate | Secured LendingDebt Recovery.

Conveyancing

1. Purchase of a Freehold Residential Property

Our fees cover all of the work* required to complete the purchase of your new home, including acting for your Lender taking a First Legal Charge, dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancing fees and disbursements

Legal fees – for a typical Freehold house purchase at a price of £750,000.00: £1,875.00 plus VAT. Our fees will depend upon purchase price, complexity, speed of transaction and mortgagee requirements.

  • Search fees £250.00 – £500.00
  • HM Land Registry fee £270.00
  • Electronic money transfer fee £40.00 plus VAT per transfer
  • We have a minimum fee of £1,000.00 plus VAT for any transaction and for New Build Acquisitions the minimum fee is £2,995.00 plus VAT.

We do not pay referral fees

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.

Stamp Duty or Land Tax (on purchases)

This depends on the purchase price of your property. You can obtain details of these from HMRC’s website (www.gov.uk) or if the property is located in Wales by using the Welsh Revenue Authority’s website

The SDLT payable on the purchase by an individual of a main residence for £750,000.00 (where a previous main residence has been sold) would be £27,500.00.

How long will my property purchase take?

How long it will take from your offer being accepted until you can move in to your property will depend on a number of factors. The average process takes between 4-8 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, it could take 8 weeks.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, by way of examples below, we have suggested some key stages:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund the purchase, and contact the 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 the seller’s solicitors
  • Give you advice on all documents and information received
  • Go through the conditions of the mortgage offer with you
  • Send the final Contract to you for signature
  • Draft the Transfer Deed
  • Agree a completion date with the Seller’s Solicitors (the date when you will own the property)
  • Exchange contracts, and notify you when this has happened
  • Arrange for all monies needed to be received from your lender and you
  • Complete the transaction
  • Deal with the payment of Stamp Duty/Land Tax
  • Deal with the application for registration at Land Registry

2. Purchase of a Leasehold Residential Property

Our fees cover all the work* required to complete the purchase of your new home, including acting for your Lender taking a First Legal Charge, dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

Conveyancing fees and disbursements

  • Legal fees for a typical purchase at a price of £750,000.00: £2,300.00 plus VAT.  Our fees will depend upon purchase price, complexity, speed of transaction and mortgagee requirements
  • Fees for acting on behalf of the mortgage lender would generally be included in our fee stated above
  • Search fees £250.00-500.00
  • HM Land Registry fee £270.00
  • Electronic money transfer fee £40.00 plus VAT per transfer
  • We have a minimum fee of £1,000.00 plus VAT for any transaction and for New Build Acquisitions the minimum fee is £2,995.00 plus VAT.

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out above. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements**

  • Notice of Transfer fee – This fee is chargeable if it is set out in the lease. Often the fee is between £25–£100 plus VAT.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £25 and £100 plus VAT.
  • 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 £100–£300 plus VAT, but should be paid by the Seller.

** These 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.

You should also be aware that 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.

Stamp Duty Land Tax

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.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, the key stages are generally:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund the purchase and contact the 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 the seller’s solicitors
  • Give you advice on all documents and information received
  • Go through the special conditions of any mortgage offer
  • Send the final contract to you for signature
  • Draft the Transfer Deed
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree a completion date with the Seller’s Solicitors (the date when you own the property)
  • Exchange contracts, and notify you that this has happened
  • Arrange for all monies needed to be received from your lender and you
  • Complete the transaction
  • Deal with the payment of Stamp Duty/Land Tax
  • Deal with the application for registration at Land Registry

* 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 remedy prior to completion or the preparation of additional documents ancillary to the main transaction

2. This is the purchase of an existing lease and is not the grant of a new lease, or a Lease Extension

3. The transaction is concluded in a timely manner and no unforeseen complications 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