Residential Conveyancing Fees

Fee scale:

Sale price	Freehold	Leasehold House	Leasehold Flat
Up to £300,000	£1,800 inclusive of VAT	£2,100 inclusive of VAT	£2,400 inclusive of VAT
£300,001 to £500,000	£2,100 inclusive of VAT	£2,400 inclusive of VAT	£2,700 inclusive of VAT
£500,001 to £750,000	£2,400 inclusive of VAT	£2,700 inclusive of VAT	£3,300 inclusive of VAT
£750,001 to £1,000,000	£3,000 inclusive of VAT	£3,600 inclusive of VAT	£4,200 inclusive of VAT
£1m to £2.5m	£4,200 inclusive of VAT	£4,800 inclusive of VAT	£5,400 inclusive of VAT
£2.5m to £5m	£6,900 inclusive of VAT	£7,500 inclusive of VAT	£8,400 inclusive of VAT
£5m to £7.5m	£10,200 inclusive of VAT	£11,100 inclusive of VAT	£12,000 inclusive of VAT
£7.5m to £10m	£14,400 inclusive of VAT	£15,600 inclusive of VAT	£16,800 inclusive of VAT
Over £10m	£17,400 inclusive of VAT	£18,600 inclusive of VAT	£21,000 inclusive of VAT

 

Our fee covers all of our work* required to complete the sale of your property, including repaying any mortgages or charges secured against your property.

A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account). Payments to your bank account by BACS take up to three working days to arrive in your account but there is no bank transfer fee.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £300.

The likely disbursements payable in relation to each sale transaction are as follows:

Disbursement	Freehold	Leasehold
Land Registry fees	Usually £7.20 to £14.40 inclusive of VAT	Usually £14.40 to £24 inclusive of VAT
Landlord/Freeholder fees	Usually none	Usually between £180 and £600 inclusive of VAT but some freeholders’ agents do charge more

 

*What our work includes

Our fee assumes that:

• 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 or dealing with any restrictions that are registered against the title
• 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 providing documentation
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
• There is no agricultural land included in the sale
• There are no special conditions such as overage/clawback or the transaction being subject to planning
• The property is being sold with vacant possession and there are no third parties in occupation
• The lender does not require separate representation
• The title is a single registered title
• The property is not being sold at auction
• The transaction is not especially urgent

Our service includes:

• Taking your initial instructions
• Preparing contract documents
• Obtaining information from you and responding to any enquiries received from the buyer’s solicitor
• Sending the final contract to you for signature
• Agreeing a completion date (the date from which you no longer own the property)
• Exchanging contracts and notifying you that this has happened
• Completing the sale
• Repaying your existing mortgage (if any)
• Paying the estate agents (if any)
• Sending the net sale proceeds to you

Our service does not include:

• Advice on tax implications
• Dealing with any agricultural issues
• Negotiating with any third party, including lenders, on your behalf
• Cases where particular urgency is needed

Timescale

How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and how quickly your buyer’s mortgage (if any) can be arranged. The average process takes between 2 to 4 months.

Fee scale:

Purchase price	Freehold	Leasehold House	Leasehold Flat	Simultaneous mortgage Acting for the lender & buyer
Up to £300,000	£2,100 inclusive of VAT	£2,400 inclusive of VAT	£2,700 inclusive of VAT	£240 inclusive of VAT
£300,001 to £500,000	£2,400 inclusive of VAT	£2,700 inclusive of VAT	£3,000 inclusive of VAT	£300 inclusive of VAT
£500,001 to £750,000	£2,700 inclusive of VAT	£3,000 inclusive of VAT	£3,600 inclusive of VAT	£300 inclusive of VAT
£750,001 to £1,000,000	£3,000 inclusive of VAT	£3,300 inclusive of VAT	£3,900 inclusive of VAT	£360 inclusive of VAT
£1m to £2.5m	£4,800 inclusive of VAT	£5,100 inclusive of VAT	£5,700 inclusive of VAT	£420 inclusive of VAT
£2.5m to £5m	£7,500 inclusive of VAT	£8,100 inclusive of VAT	£8,400 inclusive of VAT	£540 inclusive of VAT
£5m to £7.5m	£12,000 inclusive of VAT	£13,200 inclusive of VAT	£14,400 inclusive of VAT	£540 inclusive of VAT
£7.5m to £10m	£17,100 inclusive of VAT	£18,000 inclusive of VAT	£19,500 inclusive of VAT	£600 inclusive of VAT
Over £10m	£21,000 inclusive of VAT	£25,200 inclusive of VAT	£30,000 inclusive of VAT	£600 inclusive of VAT

 

Our fee covers all of our work* required to complete the purchase of your new property, including dealing with registration at the Land Registry and dealing with the payment of any standard Stamp Duty Land Tax (Stamp Duty) if the property you wish to buy is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Please be aware that we will need to add up to £480 (inclusive of VAT) for the purchase of a new build property and an additional £240 (inclusive of VAT) for a purchase under the Government’s Help to Buy Scheme, due to the extra work involved for us on those types of matter. We will also need to add £60 (inclusive of VAT) to deal with the Government’s requirement to draw down funds if you are using a Help to Buy ISA account.

An additional £36 (inclusive of VAT) bank transfer fee is also payable for sending cleared funds to the seller’s solicitor on completion.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £500.

The likely disbursements payable in relation to each purchase transaction are as follows:

Disbursement	Freehold	Leasehold
Searches	Usually between £300 and £480 inclusive of VAT	Usually between £300 and £480 inclusive of VAT
Landlord/Freeholder fees	Usually none, unless, for example, a deed of covenant is required	Usually between £240 and £720 inclusive of VAT but some freeholders do charge more
Land Registration fees	See table below	See table below
Land Registry searches	£3.60 to £12 inclusive of VAT	£3.60 to £12 inclusive of VAT

 

Land Registration fees (no VAT is payable):

Purchase Price	Not New Build	New Build/Transfer of Part
£0 to £80,000	£20	£45
£80,001 to £100,000	£40	£95
£100,001 to £200,000	£100	£230
£200,001 to £500,000	£150	£330
£500,001 to £1,000,000	£295	£655
£1,000,001 and over	£500	£1,105

 

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.

*What our work includes

Our fee assumes that:

• 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 or dealing with any restrictions that are registered against the title
• For a leasehold purchase, that this is the assignment of an existing lease and is not the grant of a new lease
• 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 providing documentation
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
• There is no agricultural land included in the purchase
• There are no special conditions such as overage/clawback or the transaction being subject to planning
• The property is being sold with vacant possession and there are no third parties in occupation
• The lender does not require separate representation
• The title is a single registered title
• The property has not been purchased at auction
• The transaction is not especially urgent

Our service includes:

• Taking your initial instructions
• Receiving and advising on contract documents
• Carrying out all necessary searches
• Making any necessary enquiries of seller’s solicitor
• Reporting on all documents and information received
• Reporting on the conditions of your mortgage offer
• Sending the final contract and other documents to you for signature
• Agreeing a completion date (date from which you own the property)
• Exchanging contracts and notifying you that this has happened
• Arranging for all monies needed to be received from your lender and you
• Completing the purchase
• Dealing with the payment of Stamp Duty/Land Tax
• Dealing with the application for registration at the Land Registry

Our service does not include:

• Advice on tax implications (other than Stamp Duty/Land Tax)
• Advice on non-standard Stamp Duty/Land Tax arrangements
• Advice on or preparation of Tenancy Agreements
• Dealing with or advising on any agricultural issues
• Negotiating with any third party, including lenders, on your behalf
• Cases where particular urgency is needed

Timescales

How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and the turnaround time for the necessary searches. The average process takes between 2 to 4 months.

For a residential re-mortgage, our fee will be up to 75% of our standard purchase fee (including the additional fee for a simultaneous mortgage) based on the value of the property. For example, if your freehold property is valued at £200,000, our fee will be up to £1,575 (inclusive of VAT) (75% of £2,100 inclusive of VAT).

Our fee covers all of our work* required to complete the re-mortgage of your property, including repaying any existing mortgages or charges secured against your property.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £500.

The likely disbursements that you will have to pay for a re-mortgage are:

Disbursement	Freehold	Leasehold
Searches (if required by the lender)	Usually between £300 and £480 inclusive of VAT	Usually between £300 and £480 inclusive of VAT
Landlord/Freeholder fees	None	Usually between £120 and £360 inclusive of VAT
Land Registration fees	See table below	See table below
Land Registry searches	£3.60 to £12 inclusive of VAT	£3.60 to £12 inclusive of VAT
Land Registry documents	£7.20 to £14.40 inclusive of VAT	£14.40 to £24 inclusive of VAT

 

A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account). Payments to your bank account by BACS take up to three working days to arrive in your account but there is no bank transfer fee.

Land Registration fees (no VAT is payable)

Amount of new borrowing	Fee
£0 to £100,000	£20
£100,001 to £200,000	£30
£200,001 to £500,000	£40
£500,001 to £1,000,000	£60
£1,000,001 and over	£125

 

*What our work includes

Our fee assumes that:

• 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 or dealing with any restrictions that are registered against the title
• 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 providing documentation
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
• There is no agricultural land included in the mortgage
• There are no special features such as overage/clawback or the land being subject to unfulfilled planning obligations
• The property is being mortgaged with vacant possession and there are no third parties in occupation
• The lender does not require separate representation
• The title is a single registered title
• The borrowing is from a mainstream lender

Our service includes:

• Taking your initial instructions
• Carrying out all necessary searches required by your lender or arranging no search indemnity insurance if this is acceptable to the lender
• Reporting on the conditions of your mortgage offer
• Sending the mortgage deed to you for signature
• Arranging for all monies needed to be received from your lender and you
• Completing the re-mortgage
• Sending any surplus funds to you
• Dealing with the application for registration at the Land Registry

Our service does not include:

• Advice on tax implications
• Negotiating with any third party, including lenders, on your behalf
• Transfers of Equity

Timescale

How long the transaction will take will depend on a number of factors including how quickly your mortgage offer is issued and whether your new lender requires searches. The average process takes between 4 to 10 weeks.