Standard Costs - Residential Conveyancing

Below is confirmation of our prices for acting on behalf of a person(s) in connection with a residential property transactiom up to the value of £600,000. Our fees are fixed and we do not charge an hourly rate for conveyancing matters

If the price of the residential property exceeds £600,000, or involves a limited company or commercial mortgage, please contact either Rannu Chohan or Roxy Bailey-Bradshaw for a
quote.

Sale or Purchase of Freehold property - £999 + VAT
Sale or Purchase of Leasehold property - £1,199 + VAT
New Build Purchase - £1,399 + VAT
Mortgage - £300 + VAT
Re-mortgage - £600 + VAT
Purchase of Freehold - £799 + VAT
Lease Extenstion - £1,199 + VAT
Right to Buy Purchase - £899 + VAT

In addition to the above standard transaction, the following additional costs may apply depending on the nature of the transaction

Standard Search fees - £270 + VAT
All required Office Copies of Registered Title & documents £35 + VAT
Help To Buy ISA / Lifetime ISA - £50 + VAT
Conveying shared ownership property - £600+VAT
Conveying unregistered property - £800 + VAT
Acting for your lender for a new Mortgage - £300 + VAT
Acting for your lender to discharge a Mortgage - £300 + VAT
Obtaining an indemnity policy - £100 + VAT
Drafting a Deed Of Covenant - £150 + VAT
Serving Notice Of Assignment or Mortgage - £100 + VAT
Completing SDLT Form (Optional) - £100 + VAT
Deed Storage (Optional) - £100 + VAT

PLEASE NOTE THAT THE CURRENT RATE OF VAT IS 20%

Below is is a list of common disbursements (Taxes) payable by you in connection with a purchase (VAT IS NOT PAYABLE ON THE BELOW

Land Registry Fee of £20 - £1,105 depending on the purchase price of the property, see https://www.gov.uk/government/publications/increase-to-hm-land-registry-fees/fees-review-2021-to-2022
Stamp Duty Land Tax – depending on purchase price and personal circumstances see; https://www.stampdutycalculator.org.uk

Stages of the conveyancing process The precise stages involved in the purchase of a residential property vary according to the circumstances but the following is a general overview of what we do:-

Take your instructions and give you initial advice
Check that your finances are in place to fund purchase
Confirm our instructions and request a contract pack from the seller’s solicitor
Receive and advise on contract documents, following investigations into title
Carry out searches
Obtain any further documentation 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 the contract, transfer deed and mortgage deed to you for signature
Agree a completion date on your behalf with the seller’s solicitor (date from which you own the property and can move in)
Exchange contracts and notify you once this has happened
Receive all monies requires from you and your mortgage lender
Complete your purchase on the day of compeltion
Deal with the payment of Stamp Duty/Land Tax
Submit an application for registration at Land Registry

Similarly, the precise stages involved in the sale of a residential property vary according but the following is a general overview of what we do:-

Take your instructions and give you initial advice
Supply you with all the protocol forms that you must complete as a seller
Submit a draft contract pack to the buyer’s solicitor
Answer any enquiries raised by the buyer’s solicitor
Approve the transfer drafted by the buyer’s solicitor and reply to requisitions
Send the final contract and transfer deed to you for signature and return
Agree a completion date on your behalf with the buyer’s solicitor (date by which you must vacate the property for your buyer to move in to)
Exchange conytrcats and notify you once this has happened
Receive completion money from the buyer’s solicitor on the day of completion
Account to you for the net proceeds of sale