CONVEYANCING COSTS
PLEASE NOTE THAT THESE PRICES ARE OUR BASIC STANDARD COSTS WHERE CLIENTS HAVE RETAINED THE FIRM VIA A DIRECT APPROACH. CLIENTS SHOULD BE AWARE THAT THE FIRM HOLDS THIRD PARTY CONTRACT AGREEMENTS IN RESPECT OF INTRODUCTIONS WHICH WILL AFFECT OUR PRICING. THESE COSTS WILL BE MADE AVAILABLE TO YOU VIA THE RESPECTIVE THIRD PARTY.
Sale – Freehold
Our base fixed fee cost for the basic sale of freehold residential property range from £350-£500 plus VAT (currently 20% as at 28th October 2021).
This is determined by the value of the property and the experience of the fee-earner.
This price covers the preparation of the Title and property sale information, the preparation of contracts, dealing with requisitions and completion of the transaction.
However, there are various issues which will attract an additional fee. These include:
Sale
Freehold- £200 – Transfer of Equity
- £200 – Shared Ownership
- £100 – Help to Buy
- £75 – Gifted Deposit
- £125 – Mortgage Fees
- £75 – Stamp Duty Land Tax Payment
- Land Registry Fees – £Subject to the Value of the Property
- Search Pack – Subject to Location
- AML Check – £6 per person
- Bank Charges – £35
Timescales
The average process takes between 6-12 weeks however this depends on a number of factors (many of which are outside of our control) such as the length of the property chain and any associated complex issues. The timescales can differ again if you are a first time buyer with a mortgage in principle, buying a New Build property, in which case it can take between 5 – 8 weeks to exchange and then 3 – 6 months until the purchase completes. However if the property is a leasehold property, then this may require a leasehold extension or the purchasing of the Freehold title, in which case it can take significantly longer.
If your transaction is a re mortgage then this can take around 3 – 8 weeks.
Sale – Leasehold
Our base fixed fee cost for the basic sale of leasehold residential property range from £375-£815 plus VAT.(current VAT rate is 20%). This is determined by the value of the property, the experience of the fee-earner and the cost of any referral.
This price covers the preparation of the Title and property sale information, the preparation of contracts, dealing with requisitions, apportionment of any ground rent and service charges and the completion of the transaction.
However, there are various issues which will attract an additional fee. These include:
Sale
Leasehold- Transfer of Equity – £200
- Shared Ownership – £200
- Help to Buy – £100
- Gifted Deposit – 75
- Mortgage Fees – £125
- Stamp Duty Land Tax – £125
- Land Registry Fees – Subject to the value of the property
- Search Pack – Subject to Location
- Anti-Money Laundering Check – £6 (per person)
Timescales
The average process takes between 6-12 weeks however this depends on a number of factors (many of which are outside of our control) such as the length of the property chain and any associated complex issues. The timescales can differ again if you are a first time buyer with a mortgage in principle, buying a New Build property, in which case it can take between 5 – 8 weeks to exchange and then 3 – 6 months until the purchase completes. However if the property is a leasehold property, then this may require a leasehold extension or the purchasing of the Freehold title, in which case it can take significantly longer.
If your transaction is a re mortgage then this can take around 3 – 8 weeks.
Purchase – Freehold
Our base fixed fee cost for the basic purchase of freehold residential property range from £295-£500 plus VAT (currently 20% as at 28.10.2021). This is determined by the value of the property, the experience of the fee-earner and the cost of any referral.
This price covers, the preparation of the Transfer, report on the Title and property, raising requisitions, completion of the transaction and the registration of the new Title.
However, there are various issues which will attract an additional fee. These include:
Purchase
Freehold- Transfer of Equity – £200
- Shared Ownership – £200
- Help to Buy – £100
- Gifted Deposit – 75
- Mortgage Fees – £125
- Stamp Duty Land Tax – £125
- Land Registry Fees – Subject to the value of the property
- Search Pack – Subject to Location
- Anti-Money Laundering Check – £6 (per person)
Provide quote for work to be undertaken
Undertake proof of funds check
Receive Contract pack
Undertake searches
Obtain pre completion searches
Raise necessary enquiries of seller solicitors
Report on mortgage offer and Title
Send contract, Mortgage Deed and Transfer to you for signature
Agree completion date
Arrange monies needed for completion
Exchange and complete
Deal with Stamp Duty
Deal with Land Registry application
Timescales
The average process takes between 6-12 weeks however this depends on a number of factors (many of which are outside of our control) such as the length of the property chain and any associated complex issues. The timescales can differ again if you are a first time buyer with a mortgage in principle, buying a New Build property, in which case it can take between 5 – 8 weeks to exchange and then 3 – 6 months until the purchase completes. However if the property is a leasehold property, then this may require a leasehold extension or the purchasing of the Freehold title, in which case it can take significantly longer.
If your transaction is a re mortgage then this can take around 3 – 8 weeks.
Purchase – Leasehold
Our base fixed fee cost for the basic purchase of leasehold residential property range from £395 to £815 plus VAT.(The current VAT Rate is 20% as at 28.10.2021).
This is determined by the value of the property, the experience of the fee-earner and the cost of any referral.
This price covers: the preparation of the Transfer, report on the Title and property, raising requisitions, completion of the transaction, dealing with the freeholder and the registration of the new Title.
However, there are various issues which will attract an additional fee. These include:
Purchase
Freehold- Transfer of Equity – £200
- Shared Ownership – £200
- Help to Buy – £100
- Gifted Deposit – 75
- Mortgage Fees – £125
- Stamp Duty Land Tax – £125
- Land Registry Fees – Subject to the value of the property
- Search Pack – Subject to Location
- Anti-Money Laundering Check – £6 (per person)
Provide quote for work to be undertaken
Undertake proof of funds check
Receive Contract pack
Undertake searches
Obtain pre completion searches
Raise necessary enquiries of seller solicitors
Report on mortgage offer and Title
Send contract, Mortgage Deed and Transfer to you for signature
Agree completion date
Arrange monies needed for completion
Exchange and complete
Deal with Stamp Duty
Deal with Land Registry application
Timescales
The average process takes between 6-12 weeks however this depends on a number of factors (many of which are outside of our control) such as the length of the property chain and any associated complex issues. The timescales can differ again if you are a first time buyer with a mortgage in principle, buying a New Build property, in which case it can take between 5 – 8 weeks to exchange and then 3 – 6 months until the purchase completes. However if the property is a leasehold property, then this may require a leasehold extension or the purchasing of the Freehold title, in which case it can take significantly longer.
If your transaction is a re mortgage then this can take around 3 – 8 weeks.