PROPERTY

Property

All prices below are exclusive of VAT. The fees listed are our average fee ranges for a Purchase, Sale and Remortgage transactions. The fees (including additional fees and disbursements) may vary depending on the source of the instruction, location of the property, the property price and the work we are required to do.

Purchase Transaction

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 + 20% VAT

£750 + 20% VAT

£400,001-£650,000

£750 + 20% VAT

£850 + 20% VAT

£650,001-£800,000

£850 + 20% VAT

£950 + 20% VAT

£800,001+

£1,200 + 20% VAT

£1,300 + 20% VAT

Sale Transaction

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 + 20% VAT

£750 + 20% VAT

£400,001-£650,000

£750 + 20% VAT

£850 + 20% VAT

£650,001-£800,000

£850 + 20% VAT

£950 + 20% VAT

£800,001+

£1,200 + 20% VAT

£1,300 + 20% VAT

Remortgage Only (Excludes Bridging Loans)

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 + 20% VAT

£750 + 20% VAT

£400,001-£650,000

£750 + 20% VAT

£850 + 20% VAT

£650,001-£800,000

£850 + 20% VAT

£950 + 20% VAT

£800,001+

£1,200 + 20% VAT

£1,300 + 20% VAT

Other Additional Fees (if applicable to your transaction):
Help To Buy: £100
Help To Buy ISA: £50
Telegraphic Transfer: £36
SDLT Admin: £100
Acting for Lender: £250
Islamic Mortgage: £250
Disbursements (third party costs):

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.

Search Pack: £250 approx. (excluding VAT)
Bankruptcy Search: £2 per person
ID/AML Checks: £6 - £12 per person
Land Registry Search: £6 (Help to Buy) £3 (Non-Help to Buy)
Land Registration Fee: £40 - £910

The Land Registry fees referred to above are not subject to VAT.

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

If the property is leasehold;
If a lease extension of deed of variation is required;
If there is Help to Buy involvement;
If you wish for us to expedite your transaction;
If we also need to act for your lender;
If the purchase is off-plan;
If we cannot meet you in person and will need to complete an electronic ID check;
Stages of the Process

The precise stages involved in residential property transaction may vary according to the circumstances; however below we have outlined the traditional stages which will be carried out:

Purchase:
Take your instructions and give you initial advice;
Check finances are in place to fund purchase and contact lender's solicitors, if needed;
investigating the title to the property which you are buying, to include:
carrying out searches with respect to title and local government information for the property
reviewing replies given by the seller to pre-contract enquiries
Obtain further planning documentation if required;
Prepare Report on Title and send to you with the contract for signature and supporting documents to include advising on the conditions of your mortgage offer and joint ownership, if required;
Agree completion date (date from which you own the property);
Proceeding to exchange of contracts and completion of the purchase;
calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and
registering the purchase and any mortgage at the Land Registry
Sale:
Take your instructions by getting you to complete sale instructions and Protocol forms and give you initial advice
Check finances are in place to fund any related purchase (if applicable)
Obtain a copy of the Title and prepare a contract pack to send to purchasers Solicitors
Respond to any pre-contract enquiries
Obtain a redemption statement from your mortgage lender
Arrange for you to execute the final contract and Transfer Deed
Arrange an exchange and completion date;
Complete sale
Deal with redemption of your mortgage
Pay the estate agents commission account (if any)
Transfer any remaining money from sale to you
Remortgage:
Take your instructions and give you initial advice
Obtain the Title Deeds from HM Land Registry
Receive your mortgage offer and report to you on this
Apply for searches or search indemnity (dependent on what your lender requires)
Request an initial redemption statement from the lender
Report to lender and confirm you can comply with the mortgage conditions
Set a completion date
Transfer any remaining surplus to you
An application will be made to the Land Registry with the new lender’s interest

Please note the fees quoted above assumes that your matter is:

(1)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 exchange or the preparation of additional documents ancillary to the main transaction;

(2)Your matter is the assignment of an existing lease and is not the grant of a new lease;

(3)Your transaction is concluded in a timely manner and that no unforeseen complications arise;

(4)All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation; and

(5)No indemnity policies are required

Additional Work Comment Charge VAT (@ 20%) Total
Additional land If the property being purchased or sold includes an additional piece of land with a separate title this is the fee for each additional title 650 130 780
Auction If the property is being bought or sold at auction this is the fee for preparing or checking the auction documents – it does not cover attendance at the auction 300 60 360
Bridging loan If you are obtaining bridging finance in connection with a purchase but this does not cover any work in connection with the bridging lender’s requirements 250 50 300
Contaminated land issues If the property does not receive a ‘pass’ certificate when an environmental search is undertaken HR
Declaration of Trust If two or more joint owners wish to specify in detail the terms upon which they own a property – this is our basic charge for a simple Declaration of Trust 150 30 180
Deed of covenant This is the charge for each deed 150 30 180
Deed of postponement If there is more than one lender and the lenders require a deed regulating their respective priorities – this is the fee for the first two lenders 100 20 120
Defective title If there is a title effect and we have to take action to correct it HR
Discharge of charge Our basic price on sales includes the discharge of one registered charge – each additional registered charge attracts this fee 30 6 36
Disputes Sometimes a dispute arises between the parties and legal advice is required HR
Expedited completion If the period between exchange of contracts and completion is less than five working days – if an expedited exchange is required you should discuss your requirements with you conveyancer as the average transaction takes in the region of 8 weeks 300 60 360
First registration at the Land Registry If the property is not yet registered at the Land Registry 150 30 180
Freehold reversion purchase If a leaseholder acquires the freehold reversion 195 39 234
Gift (sometimes referred to as a gifted deposit) If you are receiving a gift of money or property 150 30 180
Guarantee Sometimes a separate or collateral guarantee is required – this is the charge for each guarantee 150 30 180
Help to Buy If you are buying a property using the Government’s Help to Buy scheme 350 70 420
Help to Buy ISA If you instruct us to make an application on our behalf for a Help to Buy ISA bonus 50 10 60
HMO/HIMO If the property being brought or sold is a house in multiple occupation 175 35 210
Interpreters If we need to arrange for someone to act as an interpreter HR
Lease amendment If the lease being transferred needs to be amended – this is our standard charge for straightforward amendments and does not include any other party’s legal costs 150 30 180
Lease extension If the lease being transferred needs to be extended – this is our standard charge for straightforward extensions and does not include any other party’s legal costs 650 130 780
Lender’s separate lawyers If your lender is separately represented 200 40 240
Licence to assign a lease If a licence is required before a leasehold property can be transferred – this is our standard charge for a straightforward licence and does not include any other party’s legal costs 250 50 300
Merger of leasehold and freehold If a freehold and leasehold title are to be merged 150 30 180
New build properties or plots of land If the property is newly built and we did not know about this when we provided our estimate 200 40 240
Occupiers Your lender may require occupiers to sign a consent or release – this is our fee for dealing with the additional work and is per occupier 50 10 60
Power of Attorney If the property is being sold under an existing power of attorney or any of the parties to a transaction is acting as attorney, this is the fee for each Power – if we prepare a Power of Attorney our usual hourly rate will apply 100 20 120
Right to Buy If you are buying a property under the Government’s Right to Buy scheme 200 40 240
Second or subsequent charge If you are borrowing money from more than one lender and each lender requires a mortgage, this is the fee for the second and each subsequent mortgage 200 40 240
Shared ownership leases If the property is part-owned and part-leased on a shared ownership basis and we did not know about this when we provided our estimate 300 60 360
Statutory Declaration/ Statement of Truth If a statutory declaration or statement of truth has to be prepared or approved by us, this is the fee for each declaration/ statement 150 30 180
Tenancy agreement If we are required to draft or approve a tenancy agreement, this is our basic fee for each tenancy agreement 300 60 360
Tenanted property If the property is tenanted, this is the price for each tenancy agreement we have to consider 150 30 180
Transfer of charge If a mortgage or charge has to be transferred from one property to another – this does not include any other party’s legal costs or any work in connection to the lender’s requirements 175 35 210
Transfer of equity/deed of gift If the property has to be transferred into the correct names of the sellers or the owners taking out a new mortgage 300 60 360
Transfer of part If the property is only part of a registered title 300 60 360
Verifying identification for non-UK residents If your identification documents are issued outside of the UK or you cannot provide a satisfactory UK address 100 20 120