Purchase
Remortgage
Sale
Lease Creation
Lease Transfer
Sale of Business
RESIDENTIAL AND COMMERCIAL CONVEYANCING
We work on a fixed fee basis, however if during the transaction there is a new development, additional costs may arise due to that particular circumstance or in response to additional advice or recommendations. We will advice you if this is the case and inform you about any additional costs when they arise.
Please see below a non-exhaustive list of examples and the fees we change.
Please see below a non-exhaustive list of examples and the fees we change.
| Property value | Amount (£) | VAT (£) | Total (£) |
|---|---|---|---|
| Up to £125,000 | 795 | 159 | 954 |
| £200,000 | 895 | 179 | 1074 |
| £300,000 | 995 | 199 | 1194 |
| £400,000 | 1095 | 219 | 1314 |
| £500,000 | 1195 | 239 | 1434 |
| £600,000 | 1295 | 259 | 1554 |
| Anything above, please contact us for a quotation |
Legal Fees for Commercial Conveyancing start from
| Amount (£) | VAT (£) | Total (£) | |
|---|---|---|---|
| Lease Transfers or Assignments | 995 | 199 | 1194 |
| Business Transfers or Assignments | 995 | 199 | 1194 |
| Renewal and Ending of Commercial Leases | 995 | 199 | 1194 |
| Negotiating a new Lease | 450 | 90 | 540 |
| Lease Drafting Service | 595 | 119 | 714 |
| Rent Review | 695 | 139 | 834 |
| Grant of Licence to Assign | 895 | 179 | 1074 |
| Additional Costs Schedule | Net Amount (£) | VAT (£) | Total (£) |
|---|---|---|---|
| Bank Transfer Admin Fee (CHAPS) | 35 | 7 | 42 |
| Mortgage Redemption Admin Fee | 50 | 10 | 60 |
| Electronic Submission at Land Registry Admin Fee | 50 | 10 | 60 |
| Dealing with SDLT return Admin Fee | 50 | 10 | 60 |
| Dealing with Unregistered Land | 50 | 10 | 60 |
| Dealing with Leasehold Title | 150 | 30 | 180 |
| Dealing with First Charge | 100 | 20 | 120 |
| Dealing with a Second Charge + | 150 | 30 | 180 |
| Dealing with third party solicitor | 150 | 30 | 180 |
| Dealing with Management Company | 100 | 20 | 120 |
| Dealing with Occupiers Consent | 50 | 10 | 60 |
| Dealing with Indemnity Insurance purchase | 50 | 10 | 60 |
| Dealing with Solar Panels | 100 | 20 | 120 |
| Dealing with Gifted Deposit per person | 50 | 10 | 60 |
| Dealing with Licence to Occupy | 100 | 20 | 120 |
| Dealing with Notice to complete | 150 | 30 | 180 |
| Dealing with a Listed Building | 150 | 30 | 180 |
| Electronic Submission at Land Registry Admin fee | 50 | 10 | 60 |
| Dealing with HMO | 100 | 20 | 120 |
| Dealing with a New Build Purchase | 200 | 40 | 240 |
| Removal of Restrictive Covenant | 100 | 20 | 120 |
| Simultaneous exchange and completion | 100 | 20 | 120 |
| Joint Ownership | 100 | 20 | 120 |
| Statutory Declaration | 100 | 20 | 120 |
| Intensive Client Attendance | 100 | 20 | 120 |
| Help to Buy/Equity Mortgage | 300 | 60 | 360 |
| Dealing with Tenanted Properties | 100 | 20 | 120 |
| Dealing with a payment received from an Unknown Third Party | 150 | 30 | 180 |
| Dealing with Rent Review Memorandum | 150 | 30 | 180 |
| Obtaining Certificate of Compliance | 50 | 10 | 60 |
- What happens if the transaction does not complete?
If the transaction does not complete for any particular reason, we shall make a charge for the work carried out up to the date/ cessation as —-.
Residential
| Stage | Percentage of Estimate |
|---|---|
| Instructions taken, but no file opened | Nil |
| File made, but no contract sent/received | 20% |
| Contract submitted/received | 40% |
| Enquiries/information forms sent/received | 60% |
| Contracts signed in readiness for exchange in a sale or the report prepared and sent to you in readiness for exchange in a purchase. | 80% |
Commercial
| Stage | Percentage of Estimate |
|---|---|
| Instructions taken, but no file opened | Nil |
| File opened, client care done & sent initial letter to other side | 10% |
| Applied for standard set of references | 20% |
| Contract submitted/received | 40% |
| Enquiries/information forms sent/received | 60% |
| Received Engrossed Contract and other deeds in readiness for exchange in a sale or the report prepared and sent to you in readiness for exchange in a purchase. | 80% |
Exclusions
We do not provide any tax advice.
Time Scales
We aim to complete conveyancing transactions within 6-12 weeks of instruction.
This timescale can vary if one or more of the following applies
This timescale can vary if one or more of the following applies
- there is a chain transaction
- there is a mortgage
- if searches flag up any issues
- buyer enquires extensive
- delay caused by third party solicitors
Key Milestones/stages of the process
Stages of the purchase process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:
- Take your instructions and give you initial advice
- Make sure that the property title is sound and verify the ownership
- Check if the property is freehold or leasehold and advise accordingly
- 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
Stages of a sale process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:
- Take your instructions and give you initial advice
- Obtain a redemption statement for your mortgage (if you have one)
- Obtain Official Copies Register Entries from the Land Registry for your property or the Deeds to your property (if unregistered)
- Prepare the draft sale contract and send to the buyer’s solicitors
- Answer queries from the buyer’s solicitors including obtaining copies of any missing building regulation approvals and guarantees (i.e. FENSA window guarantees)
- Send final contract to you for signature
- Agree completion date with you and the buyers (and any other related transactions)
- Exchange contracts and notify you that this has happened
- On completion – redeem any mortgage on the property and arrange for the release of the keys to the buyers
- Send the balance of funds to you
Land Registry Fee
There is usually a fee payable to HM Land Registry for any application to change or update the register. For a calculation of Land Registry Fees, please click here.
Stamp Duty Land Tax
This is a tax on property imposed by the government. There are varying rates of stamp duty and the amount you would be required to pay depends on your circumstances. For further information on stamp duty rates, you can use the HMRC Stamp Duty Calculator.
Searches
We would be required to carry our various searches in your purchase or in some cases remortgage transactions. You will find further details of costs of the searches in your client care letter, where applicable.
Notices and other Fees to Landlords on Leasehold Transactions
On leasehold purchases or re-mortgages and or a leasehold sales, the freeholder may require a fee for undertaking some administrative work. You will find further details of these fees in your client care letter, where applicable.
The Law Society: Buying a Home
Buying or Selling Your Home