Bricks and Mortar

People make one happy, not houses? I do not think so. Houses are more to be trusted than people.

Elizabeth Aston - Mr Darcy’s Daughters

Our fees for buying a freehold residential property

Our fees cover 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.

Our conveyancer’s fees and disbursements:

Legal fees

£850 + VAT for properties up to £300,000.00

£950 + VAT for properties up to £500,000.00

£1,000 + VAT for properties up to £750,000.00

£1,100 + VAT for properties up to £1 million

We will provide a bespoke fee for properties over £1 million.

Search fees

£200 approximately including VAT for a Local Search and Water Search – Other searches are available, and we will advise you based on the locality/type of the property if any other searches are necessary or recommended.

HM Land Registry fees

Pre-completion searches of approximately £10 including VAT.

Registration fees to register the property into your name generally range from £20 to £455 depending on the value of the property. Further details of HM Land Registry Registration fees can be found here: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic money transfer fee

Our fee for arranging to transfer funds electronically to the seller’s solicitors for completion is £30 (inc VAT).

Possible additional fees

If the property is a New Build or is not registered at the Land Registry, we will add £100 + VAT to our usual fees.

Please also be aware that Land Registration fees for unregistered land are double those for registered land (e.g.  The Land Registry fee for a registered property costing £350,000 is £135; but for an unregistered property of the same value it is £270).

There may also be additional costs associated with or imposed by the Developer of a New Build property such as Engrossment or Document Fees. We will advise you of any such fees as soon as we become aware of them.

Estimated Total:
£1,355 – £1,515 (including VAT, our Legal Fees, Searches and Land Registry fees) for a freehold property at a purchase price between £200,000.00 – £500,000.00)

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

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 here:

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

https://lttcalculator.wra.gov.wales/

Our fees for buying a leasehold residential property

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry, dealing with the Landlord or Management Company’s requirements 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.

Our conveyancer’s fees and disbursements:

Legal fees

£900 + VAT for properties up to £300,000.00

£1,000 + VAT for properties up to £500,000.00

We charge £950 + VAT for dealing with the purchase of a shared ownership property.

If the property is a New Build involving the grant of a new lease, we increase our fees by £100 + VAT.

We will provide a bespoke fee for leasehold property purchases exceeding £500,000

Our fees assume 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.

Search fees

£200 approximately including VAT for a Local Search and Water Search. Other searches are available, and we will advise you based on the locality/type of the property if any other searches are necessary or recommended.

HM Land Registry fees

Pre-completion searches will equate to approximately £10 including VAT.

Registration fees to register the property into your name will be between £20 and £455 depending on the value of the property. Further details of HM Land Registry Registration fees can be found here: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic money transfer fee

Our fee for arranging to transfer funds electronically to the seller’s solicitors for completion is £30 (inc VAT).

There may also be additional costs associated with or imposed by the Developer of New Build properties or by the Landlord/Management Company (see Lease and Landlord related disbursements below). We will advise you of any such fees as soon as we become aware of them.

Estimated Total:
£1,455 – £1,575
(including VAT, our Legal Fees, Searches and Land Registry fees) for a leasehold property at a purchase price of between £200,000.00 – £500,000.00)

Disbursements

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 often disbursements referred to in the individual Lease relating to the Property.  Details of these will be provided by the Landlord/Managing Agent or the Management Company.  The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the terms of the Lease. We will update you on the specific fees upon receipt and review of the information provided by the seller’s solicitors.

Lease and Landlord related Disbursements*

Notice of Transfer/Charge fees – The Lease will specify if these are payable and the information pack from the Landlord/Management Company will provide details of the current fees.  They can vary from a fairly nominal amount such as £25 up to £300 or more.

If the Lease stipulates that the buyer has to execute a Deed of Covenant, then the Landlord or Management Company usually charge a fee for dealing with this also.  This fee will also vary but commonly ranges from £50 + VAT to £150 + VAT.

It is also fairly common that a Certificate has to be obtained from the Landlord/Management Company to confirm requirements within the Lease relating to its transfer have been complied with.  The fee for provision of this often ranges from £50 + VAT to £150 + VAT.

*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 the information pack from the Landlord/Management Company.

You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property.

Stamp Duty or 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 here:

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

https://lttcalculator.wra.gov.wales/

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12 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 10 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. Below is an outline showing some of the key stages of a typical purchase.

We will:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund the purchase and contact the lender if needed
  • Receive and advise on contract documents
  • Carry out searches
  • 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 and obtain deposit funds from you
  • 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 serving Notices on Landlord or Management Company (if leasehold)
  • Deal with payment of Stamp Duty Land Tax
  • Deal with application for registration at the Land Registry

Our fees for selling a residential property

Our fees cover all the work required to complete the sale of your property, including dealing with the Landlord or Management Company’s requirements for Leasehold properties.

Our conveyancer’s fees and disbursements:

Legal fees

Freehold Properties

£750 + VAT for properties up to £300,000.00

£850 + VAT for properties up to £500,000.00

£900 + VAT for properties up to £750,000.00

£1,000 + VAT for properties up to £1 million

We will provide a bespoke quotation for properties over £1 million.

We charge an additional fee of £50 + VAT for dealing with the sale of a leasehold property.

We also charge an additional fee of £100 + VAT if the sale property is not registered at the Land Registry.

Our fee for dealing with the sale of a shared ownership property is £850 + VAT.

HM Land Registry fees

There will be costs of £10 to £15 (Freehold) or £15 to £20 (Leasehold) to obtain copies of the title documentation.

Electronic money transfer fee

Our fee for arranging to transfer funds electronically to the lender to redeem a mortgage or to a client’s bank account is £30 (inc VAT) per transaction.

Estimated Totals:

Freehold: £940 – £1,065 (including VAT, our Legal Fees and Land Registry fees for a property between £200,000.00 – £500,000.00)

Leasehold: £1,005 – £1,130 (including VAT, our Legal Fees and Land Registry fees for a property between £200,000.00 – £500,000.00). Please be aware of the additional Lease and Landlord related Disbursements below.

Estate Agents Fees

Please be aware of the fees agreed with your Estate Agent. We will settle this out of the sale proceeds on completion.

Lease and Landlord related Disbursements*

In most cases, a Leasehold Information Pack will need to be obtained from the Landlord or Management Company. The costs of these vary but usually fall within the range of £75 + VAT to £300 + VAT.

Transfer or Exit Fees – some Leases require that consent to the sale is obtained from the Landlord or that exit fees apply which are payable to the Landlord.

*These fees are only approximate as the costs for the provision of the Leasehold Information Pack do vary dramatically depending on the Landlord or Management Company.  Full cost details of any fees which fall to a Seller will be set out in the pack.

You should also be aware that ground rent and service charges usually have to be settled in full up to the next payment date.  Any amount paid that falls within the buyer’s period of ownership will be apportioned on completion.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. Below is an outline showing some of the key stages of a typical sale.

We will:

  • Take your instructions and give you initial advice
  • Obtain up to date title documentation from the Land Registry
  • Gather all the information you have on the property
  • Obtain information from the Landlord or Management Company (in Leasehold Sales)
  • Prepare the contract documentation and send it to the buyer’s solicitors
  • Answer enquiries raised by the Buyer’s solicitor
  • Obtain a preliminary redemption statement (if you have a mortgage)
  • Send agreed contract to you for signature
  • Agree completion date (date on which you sell the property)
  • Exchange contracts and notify you that this has happened
  • Obtain final redemption statement (if you have a mortgage)
  • Obtain Estate Agent’s Invoice
  • Complete the Sale
  • Pay the Estate Agent, Landlord/Management Company (if applicable) and redeem any mortgage
  • Transfer the sale proceeds to you

Our fees for mortgages & remortgages

Our fees cover all of the work required to complete the mortgage of your property, including dealing with the redemption of your old mortgage (if applicable).

Our conveyancer’s fees and disbursements:

Legal fees

£350 + VAT

Search fees

£200 approximately including VAT for a Local Search and Water Search If you mortgage lender requires these.  Some lenders will accept Search Insurance instead, which is considerably less than the cost of obtaining the searches.

HM Land Registry fees

£10 to £15 to obtain copies of the title documentation.

Pre-completion searches equate to approximately £10 including VAT.

Registration fees to register the Charge for the lender on the Title Register range between £20 and £80 depending on the amount of the mortgage.

Further details of HM Land Registry Registration fees can be found here: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic money transfer fee

Our fee for arranging a bank transfer to redeem an existing mortgage or to transfer funds raised as a result of the mortgage is £30 (inc VAT) per transaction.

Estimated total: £500 – £720 (including VAT, our Legal Fees, Searches/Insurance and Land Registry fees).

Stages of the process

The precise stages involved in the mortgage of a residential property vary according to the circumstances. Below is an outline showing the key stages of a typical mortgage transaction:

  • Take your instructions and give you initial advice
  • Obtain up to date Title documentation from the Land Registry
  • Carry out searches (if required by Lender) or obtain a quotation for Search Insurance
  • Go through conditions of mortgage offer with you
  • Obtain a redemption statement (if you have an existing mortgage)
  • Agree completion date (date on which you take out the new mortgage and redeem an existing mortgage)
  • Arrange for all monies needed to be received from lender
  • Complete the Mortgage
  • Transfer any surplus funds to you
  • Deal with application for registration of charge at Land Registry

Joint ownership – Declarations of Trust

Contact us for a bespoke quote and information about joint ownership – declarations of trust.

Property related tax advice

Contact us for property related tax advice. Our initial consultation is free and will can provide a quote for our services after this fact-finding meeting.