Our fees cover the work required to complete the purchase of your new home and/or the sale of your existing home, 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.
Please note that all prices that refer to VAT will be charged VAT at the current rate of 20%.
Our conveyancing legal fees
The fee charged for buying or selling a property is dependent on the value of the property and the table below sets out our rates:
Property Value
|
Fees
|
| £0 – £160,000 |
£1,125 – £1,650 + VAT (at 20%) |
| £160,001 – £200,000 |
£1,175 – £1,700 + VAT (at 20%) |
| £200,001 – £300,000 |
£1,225 – £1,750 + VAT (at 20%) |
| £300,001 – £350,000 |
£1,275 – £1,800 + VAT (at 20%) |
| £350,001 – £400,000 |
£1,300 – £1,850 + VAT (at 20%) |
| £400,001 – £500,000 |
£1,375 – £1,900 + VAT (at 20%) |
| £500,001 – £700,000 |
£1,450 – £2,000 + VAT (at 20%) |
| £700,001 – £900,000 |
£1,650 – £2,150 + VAT (at 20%) |
| £900,001 – £1,000,000 |
£1,775 – £2,275 + VAT (at 20%) |
| £1,000,001 – £1,500,000 |
£2,075 – £2,475 + VAT (at 20%) |
| £1,500,001 – £2,000,000 |
£2,475 – £2,875 + VAT (at 20%) |
| £2,000,001 – £3,000,000 |
£2,875 – £3,275 + VAT (at 20%) |
Contract Ready
Being Contract Ready is having the legal property documents required for a house sale ready in advance of marketing the your property in order to help speed up the sale. This helps to make it more transparent to both sides and allows the seller to share all the information prospective buyers will need.
| Contract Ready document preparation |
£250 + VAT (at 20%) + disbursements |
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 disbursement on your behalf to ensure a smoother process.
Buying a home additional fees and disbursements
| Mortgage fee |
£100 + VAT (at 20%) |
| Leasehold fee (sales and/or purchase) / New Build fee |
£500 + VAT (at 20%) |
| Lifetime Mortgage fee (purchases) |
£500 + VAT (at 20%) |
| Fee for telegraphic transfer |
£30 + VAT (at 20%) |
| Electronic ID check fee (per person) |
£18 + VAT (at 20%) |
| Bankruptcy check (per person) |
£2 + VAT (at 20%) |
| Land Registry search fee |
£3 + VAT (at 20%) |
| Land Registry fee (dependent on the value of the property and whether the property is registered) |
£20 to £910 |
| Stamp Duty Land Tax** (dependent on the value of the property and whether the property is classed as a second home) |
TBC |
| Searches for non-new build property (local, drainage, chancel, environmental) |
£326 to £371.50 |
| Searches for new build property (local, chancel, environmental) |
£129 to £174 |
** Stamp Duty Land Tax depends on the purchase of your property. You can calculate the amount you will need to pay by using the HMRCs online calculator. If the property is located in Wales, use the Welsh Revenue Authority’s calculator.
The Stamp Duty Land Tax (SDLT) holiday for residential property purchases up to £250,000 and nil rate threshold for first time buyers relief for property purchases up to £425,000 will end on 31 March 2025. From April, standard SDLT rates will apply to all residential purchases. We recommend that all clients, purchasing residential property in England and Wales, budget for paying SDLT in the event that a purchase does not complete on or before 31 March 2025. There are many reasons why transactions may be unable to complete before these dates and we cannot accept responsibility for any SDLT due in respect of your property purchase, where the purchase completes after these dates.
Selling a home additional fees and disbursements
| Leasehold fee (sales and/or purchase) / new build fee |
£500 + VAT (at 20%) |
| Fee for telegraphic transfer |
£30 + VAT (at 20%) |
| Electronic ID check fee (per person) |
£18 + VAT (at 20%) |
| Land Registry official copy entries (per copy) |
£6 + VAT (at 20%) |
| Land Registry official copy document (per document) |
£3 + VAT (at 20%) |
Legal fees for other property work
| Re-mortgage – Lifetime Mortgage / Equity Release |
£950 + VAT (at 20%) |
How long will my 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 and we will aim to give you a realistic idea of how long your conveyancing should take at the outset. The process can be quicker or slower depending on variables such as the parties in the chain, mortgage agreements, availability of the property, the paperwork and searches to name a few.
Most conveyancing transactions are completed within around 18-22 weeks (due to current market conditions and the impact of Covid-19, the national average is currently 19 weeks).
Our experience
The Residential Property team have a wealth of experience in all areas of property conveyancing and deliver a high quality conveyancing service. There are nine permanent members of the team assisted by support staff. For further information on our services and experience please visit our Residential Conveyancing pages.
Please note that our last day for completions prior to the Christmas break will be Friday 20 December 2024.
