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Residential Property Fees

Are you a first time buyer or an experienced property owner? Regardless of your situation, we’re here to take the stress out of property transactions.

Property Purchase

Guidance And Fees

 

Guidance - Our fees cover all of the work* required to complete the purchase of your new home, including 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.

We are required to charge VAT. VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT. The fees listed are our average fee ranges for a purchase transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price and what work we are required to do.

Legal Fee: £599 - £5,000 (+20% VAT of £79.80 - £1,000).

Additional Fees

 

  • Leasehold: £100 - £300 (+20% VAT of £20 - £60)

  • Help To Buy: £100 - £500 (+20% VAT of £20 - £100)

  • Help To Buy ISA: £50 (+20% VAT of £10)

  • Telegraphic Transfer: £45 (+20% VAT of £9)

  • SDLT Admin: £50 - £125 (+20% VAT of £10 - £25)

  • Acting For Lender: £100 - £500 (+20% VAT of £20 - £100)

  • TR Guarantee (optional): £70 (+20% VAT of £14)

  • Islamic Mortgage: £195- £395 (+20% VAT of £39 - £79)

  • Administering Gifted Deposit - from a third party: £95 - £295 (+20% VAT of £19 - £59)

  • Administration for Applying Unilateral Notice - with the Land Registry: £50 (+20% VAT of £10)

  • Update to External Portals: £35 - £95 (+20% VAT of £7 - £19)

  • Limited Company Purchase: £395 (+20% VAT of £79)

Referral Fee (If Needed)

 

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

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.

  • Search Pack: £549 (+20% VAT of £109.80)

  • Bankruptcy Search: £2 per person

  • ID/AML Checks: £6 - £12 per person

  • Land Registry Search: £6 (Help to Buy) £3 (Non-Help to Buy)

  • Land Registry Fee: £40 - £910

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

  • If the property is leasehold;

  • If a lease extension of deed of variation is required;

  • If there is Help to Buy involvement;

  • If you wish for us to expedite your transaction;

  • If we also need to act for your lender;

  • If there is a referral fee;

  • If the purchase is off-plan;

  • If we cannot meet you in person and will need to complete an electronic ID check;

  • If a unilateral notice is required to be registered with the Land Registry;

  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

Stamp Duty Land Tax (SDLT)

 

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.

Process Stages

 

While specific stages of a property purchase will differ depending on an individual’s circumstances, there is the standard procedure that all property sales go through, which we have outlined below:

  • Discuss 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.

*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;

  6. you are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

Property Sale

Guidance and Fees

 

Guidance - Our fees cover all of the work* required to complete the sale of your home.

We are required to charge VAT. VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT. The fees listed are our average fee ranges for a sale transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price and what work we are required to do.

Legal Fee: £599 - £5,000 (+20% VAT of £79.80 - £1,000).

Additional Fees

 

  • Leasehold: £200 - £300 (+20% VAT of £40 - £60)

  • Telegraphic Transfer: £45 (+20% VAT of £9)

  • TR Guarantee (optional): £70 (+20% VAT of £14)

  • Islamic Mortgage (Redemption): £195 - £395 (+20% VAT of £39 - £79)

  • Limited Company Sale: £250 (+20% VAT of £50)

Referral Fee (If Needed)

 

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • Office Copies: £20 - £95

  • ID/AML Checks: £6 - £12 per person

  • Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

If the property is leasehold;

  • If there is a referral fee;

  • If you wish for us to expedite your transaction;

  • If we cannot meet you in person and will need to complete an electronic ID check;

  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

How Long Does A Property Sale Take?

 

There is no guaranteed length of time that a property sale will take, and there are a lot of factors to be considered. However, the average time for us to conduct the transaction is between 6-8 weeks.

The process can be quicker or slower, depending on the length of the chain and the timeliness of each party’s responses.

Process Stages

 

The precise stages involved in the sale of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard sale.

  • Take your instructions and give you initial advice;

  • Check finances are in place to fund any related purchase (if applicable);

  • Respond to any pre contract enquiries;

  • Obtain a copy of the Title and prepare a contract to send to purchasers Solicitors;

  • Collate information on fixtures and fittings and send to purchasers Solicitors;

  • Respond to any raised enquiries;

  • Receive transfer and arrange signature with you;

  • Arrange an exchange and completion date;

  • Obtain redemption statement from any relevant Lender to settle any outstanding amount on the mortgage;

  • Transfer any remaining money from sale to the seller.

*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. The transaction is concluded in a timely manner and no unforeseen complication arise;

  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;

  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;

  5. You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

Property Remortgage

Guidance and Fees

 

Guidance: Our fees cover all of the work* required to complete the remortgage of your home.

We are required to charge VAT. VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT. The fees listed are our average fee ranges for a remortgage transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price and what work we are required to do.

Legal Fee: £350 - £1,500 (+20% VAT of £70 - £300).

Additional Fees

 

  • Leasehold: £100 - £300 (+20% VAT of £20 - £60)

  • Telegraphic Transfer: £45 (+20% VAT of £9)

  • TR Guarantee (optional): £70 (+20% VAT of £14)

  • Islamic Mortgage: £195 - £395 (+20% VAT of £39 - £79)

  • Second Equity Charge Redemption: £100 (+20% VAT of £20)

Referral Fee (If Needed)

 

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • Office Copies: £20 - £95

  • ID/AML Checks: £6 - £12 per person

  • Search Indemnity: £50

  • Search Pack (If required by your lender): £260 - £549 (+20% VAT of £52 - £109.80)

  • Land Registration Search: £3

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

  • If the property is leasehold;

  • If there is a referral fee;

  • If you wish for us to expedite your transaction;

  • If we cannot meet you in person and will need to complete an electronic ID check;

  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

How Long Does A Remortgage Take?

 

The length of time between instructing us to successfully completing the remortgage process and your new lender details being submitted to the Land Registry, will depend on a number of factors. The average process takes between 4-6 weeks.

It can be quicker or slower, depending on the nature of your individual circumstances, the timeliness of each party’s responses and returning of documents.

Process Stages

 

The precise stages involved in the remortgage of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard remortgage.

  • Take your instructions and give you initial advice;

  • Obtain the Title Deeds from HM Land Registry;

  • Receive your mortgage offer and report to you on this;

  • Apply for searches or search indemnity (dependent on what your lender requires);

  • Request an initial redemption statement from the lender;

  • Send a draft completion statement for you to check;

  • Report to lender and confirm you can comply with the mortgage conditions;

  • Set a completion date;

  • Reconfirm redemption figure;

  • Transfer any remaining surplus to you;

  • An application will be made to the Land Registry with the new lender’s interest.

*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. The transaction is concluded in a timely manner and no unforeseen complication arise;

  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;

  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;

  5. You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.