RESIDENTIAL CONVEYANCING FEES
Our expertise and the time involved are key elements of the services we provide. Each matter is unique with its own requirements and we provide the level of service and expertise required to match them. In most cases our fees are calculated by reference to the time spent by and the hourly rates of the legal personnel who deal with the matter, which vary according to their seniority and experience.
Please refer to our fees for details of charges and hourly rates.
In relation to property matters, our fees are not based purely on our hourly rates and also take into account value, complexity and timings.
A guide to our basic fees is set out below.
However we strongly suggest that you contact us to obtain a bespoke estimate based on the circumstances of your particular matter. Please email us using the Contact Form and note that:-
Additional work and advice is involved in both buying and selling where a property is leasehold or common hold, where there are arrangements with neighbouring properties, for example in respect of management and common or access areas or where there is a separate company or association that deals with any facilities or common areas or the ownership of such areas or the freehold of a building and such like.
The circumstances of joint purchases may require additional work and advice to reflect the needs and requirements of the buyers, shares in the property and future arrangements, such as a declaration of trust. The same applies to family arrangements and any gifts or other assistance for buying a property.
On purchase, the single largest disbursement is usually Stamp Duty Land Tax “SDLT”. This varies from time to time and will be discussed with you once instructions have been confirmed. It is charged in bands of value at increasing rates and the usual rates are:-
If you are a first time buyer you are fortunate to not have to pay SDLT where the price is under £500,000.
If you or your spouse or civil partner own or have any (even a minor) interest in any other residential property anywhere in the world, you have to pay an additional rate of 3% over the usual rates (so 3% instead of 0%, 5% instead of 2% and so on).
There are different rules and rates for various circumstances so once you have instructed us and passed our Anti Money laundering procedures we ask you to give us the fullest possible details in order that we can work out your liability.
On purchases there will be search fees for the usual conveyancing searches. These can vary according to the location of the property but are usually in the region of £250 to £500 approximately.
Land registry fees for registration of title are payable and are charged by the Land Registry in bands of value at increasing rates. We have a Land Registry portal facility to deal with registrations which halves the rates applying to registrations by post.
The usual rates for dealings with whole titles are:-
However, there may be additional land Registry fees depending on the circumstances of your transaction.
Pre-completion searches do not normally cost more than £10 per buyer in usual circumstances.
On sales or purchases, there may also be fees relating to compliance with the requirements of the lease or other administrative arrangements relating to the property you are buying or selling which we will be able to ascertain in the course of the transaction and report to you.