Purchase of Freehold Property

Our fees cover all of the legal work required to complete the purchase of a property, including dealing with registration of the transaction at the Land Registry.

This information is based on a number of assumptions and in particular the fee assumes that:

• this is a standard transaction of registered land and that no unforeseen matters arise including for example (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
• the transaction is concluded in a timely manner and no unforeseen complications arise.
• all parties to the transaction are co-operative and there is no unreasonable delay from third parties in providing documentation.
• no indemnity policies are required. Additional costs and disbursements will apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to the particular circumstances of your transaction e.g. the land is unregistered, purchase of part of a registered title, but we shall advise you if that is the case and will inform you about any additional costs when they arise.

We will also deal with the payment of any 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. Our fee for doing so is £100 plus VAT.

Conveyancing Legal Fees and Disbursements:
NOTE: Disbursements are costs/expenses related to your matter that are payable to third parties, such as pre-contract searches and Land Registry fees. Some payments attract VAT, others do not. We handle the payment of the disbursements on your behalf to ensure the smooth process of the matter.

• Property Value
  – £0 – £50,000.00  – £650 plus VAT
  – £50,000.00 – £100,000.00 – £750 plus VAT
  – £100,000.00 – £150,000.00 – £850 plus VAT
  – £150,000.00 – £250,000.00 – £950 plus VAT
  – £250,000.00 – £350,000.00 – £1,150 plus VAT
  – £350,000.00 – £500,000.00 – £1,250 plus VAT

  • Telegraphic Transfer fee £40 plus VAT
  • Electronic I.D. fee £40 plus VAT per person
  • File archive maintenance fee £50 plus VAT

• Anticipated disbursements
  – Search fees – please enquire
  – Land Registry search fee £3.00 per title
  – Bankruptcy search fee £2.00 per name
  – Land Registry Registration fee – dependent upon value of property

Stamp Duty or Land Tax:
You may have to pay Stamp Duty or Land Tax (see above) on your transaction. This depends on a number of factors in addition to the property value. You can calculate the amount you may have to pay by using HMRC’s website www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website www.beta.gov.wales/land-transaction-tax-calculation.

The typical timescales and key stages of the purchase transaction:
The time it takes from your offer being accepted until you can move into your new home will depend on a number of factors not least of which is whether you require mortgage finance and whether you have a property to sell.

Main stages of the Process:

• Taking your initial instructions and checking whether your finances are in place.
• Receive the contact documents and checking the seller’s title.
• Carrying out local and other searches and advising you of the results.
• Obtaining mortgage instructions from your lender and going through the same with you.
• Going through the contract documentation with you.
• Make any necessary enquiries of the seller’s solicitors.
• Agree a completion date with you and the seller’s solicitors (the date you will own the property).
• Get you to sign the contract and proceed to exchange of contracts and notify you once that had happened.
• Prepare the Transfer deed and Mortgage deed and obtain your signature to both documents.
• Arrange for all moneys needed to complete the purchase to be sent to us by you and your lender.
• Complete the purchase.
• Deal with payment of any Stamp Duty / Land Tax.
• Submit the Transfer deed and Mortgage deed together with other relevant documentation to the Land Registry for registration of the transaction.
• Following registration, send you and your lender copies of the amended title documentation for the property.

Sale of Freehold Property

Our fees cover all of the legal work required to complete the sale of property based in England & Wales.

The information is based on a number of assumptions and in particular the fee assumes that:

• this is a standard transaction of registered property and that no unforeseen matters arise including for example (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
• the transaction is concluded in a timely manner and no unforeseen complications arise.
• all parties to the transaction are co-operative and there is no unreasonable delay from third parties in providing documentation.
• no indemnity policies are required. Additional costs and disbursements will apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to the particular circumstances of your transaction e.g. the property is unregistered but we will advise you if this becomes the case and will tell you about any additional costs when they arise.

Conveyancing Legal Fees and Disbursements:
Note: Disbursements are costs / expenses 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.

• Property Value
  – £0 – £50,000.00  – £650 plus VAT
  – £50,000.00 – £100,000.00 – £750 plus VAT
  – £100,000.00 – £150,000.00 – £850 plus VAT
  – £150,000.00 – £250,000.00 – £950 plus VAT
  – £250,000.00 – £350,000.00 – £1,150 plus VAT
  – £350,000.00 – £500,000.00 – £1,250 plus VAT

  • Telegraphic Transfer fee £40 plus VAT
  • Electronic I.D. fee £40 plus VAT per person
  • File archive maintenance fee £50 plus VAT

• Anticipated disburements
  – Office Copies entries per title £6.00 / £9.00
  – Bankruptcy search fee £2.00 per person

The typical timescales and key stages of the sale transaction:
The time it takes from your offer being accepted until you have to vacate your home will depend on a number of factors. It can be quicker or slower, depending on the parties in the chain, for example, if your buyer has a property to sell it could take longer.

Main stages of the Process:

The precise stages involved in the sale of a residential property vary according to the circumstances but will typically include:

• Take your instructions and give you initial advice.
• Completing the Property Information and Fittings and Contents Forms relating to your property.
• Checking the title of the property you are selling.
• Preparing, the sale contract.
• Dealing with questions and enquiries raised by your buyer’s Solicitors.
• Reporting and providing information to you in respect of your sale.
• Following any necessary negotiations on the terms of the contract, obtaining your signature to it and proceeding to exchange of contracts.
• Approving the transfer deed to the buyers and obtaining your signature to it.
• Completing your sale and accounting to you for the net proceeds of sale after discharging any mortgage on the property and ours and the estate agents costs.

The experience of the people who may carry out the work for you:
Please see details of the firm’s residential conveyancers under the tabs ‘Our Services’ & ‘Our Team’ on our website.

What happens if the transaction does not complete

If the transaction does not complete we shall make a charge for the work carried out up to the date / cessation as follows:

Stage: Prior to preparing / perusing draft documentation
% of our charge: 30%

Stage: Upon commencement of drafting documentation or perusing draft documentation received
% of our charge: 70%

Stage: Upon finalising the draft documentation
% of our charge: 90%

Plus disbursements incurred

Click here to view our additional fees.