Purchase of Property Costs
Purchase Fee (Determined by price of property and dependant on likely complexity)
Up to £250,000.00 |
£875.00+VAT in the amount of £175.00 to £995.00+VAT in the amount of £199.00 |
£250,001.00 to £500,000.00 |
£925.00+VAT in the amount of £185.00 to £1,150.00+VAT in the amount of £230.00
|
£500,001.00 to £750,000.00 |
£975.00+VAT in the amount of £195.00 to £1,225.00+VAT in the amount of £245.00
|
£750,001.00 to £1,000,000.00 |
£1,025.00+VAT in the amount of £205.00 to £1,300.00+VAT in the amount of £260.00
|
£1,000,001.00 to £1,200,000.00 |
£1,195.00+VAT in the amount of £239.00 to £1,500.00+VAT in the amount of £300.00
|
Over £1,200.001.00 |
Between 0.085% and 0.15% of the purchase price plus VAT at 20% |
Additional Costs applicable to all transactions
Telegraphic Transfer Fee: |
£39.00+VAT in the amount of £7.80 (Per Telegraphic Transfer) |
*Electronic File Storage Fee: |
£39.00+VAT in the amount of £7.80 |
SDLT Return: |
£90.00+VAT in the amount of £18.00 |
Case Management Fee: |
£39.00+VAT in the amount of £7.80 |
Search Admin Fee: |
£75.00+VAT in the amount of £15.00 |
*The Law Society recommends that we keep your file in storage for a period of six years following Completion. For ease of access and to avoid delays, we have developed a digital archive where your file will be stored for the requisite period in electronic form. There is a small charge for this service (see Fees above) but, this way, your file may be accessed and reproduced immediately at your request, at any time during those six years, at no costs to yourself at the time of retrieval.
Please note all costs stated are subject to the current rate of VAT being 20%.
The following matters are included within the fee for all transactions:
- Obtaining instructions
- Advising you generally on the Conveyancing transaction
- Checking Contract documentation
- Investigating Title
- Carrying out and analysing results of appropriate Searches
- Reviewing the Legal section of your survey and complying with the Surveyor’s requests
- Raising enquiries before contract from the Seller’s Solicitors
- Reporting to you and advising on all of the above
- Obtaining signatures to the documentation
- Exchanging contracts
- Preparing for Completion
- Preparing Financial Statements for you
- Completing the Purchase
- Attending to Registration of your Title
- Keeping you, the Estate Agents and the Seller’s Solicitors informed of progress
- Preparing your Deeds after registration in readiness for your collection
Possible Standard Additional Costs:
**Acting for your Lender: |
£199.00+VAT in the amount of £39.80 |
***Leasehold supplement: |
£250.00+VAT in the amount of £50.00 |
The fee above is only charged if the Property is leasehold
**If you are obtaining mortgage finance your Lender will expect you to pay their legal fees. The standard charge is £199+VAT but this can up to £399+VAT depending on the size of the mortgage, the requirements of the lender and loan to value percentage.
*** Please also bear in mind that third parties costs such notice fees/leasehold management packs/landlord information pack will be payable if property is leasehold. These latter sums differ from property to property and depend on the specific freeholder’s charges (i.e. they are unrelated to our fees) and as such we cannot provide you an estimate.
Some matters which arise may not be included in the Conveyancing quote. Some examples are:
Dealing with Unregistered Titles: |
£195.00+VAT in the amount of £39.00 |
Dealing with Multiple Titles: |
£250.00+VAT in the amount of £50.00 per Title |
Drafting or approving Tenancy Agreements: |
£195.00+VAT in the amount of £39.00 |
Disclaimer: Costs shown are indicative only and are subject to change if the matter is unusually complex or additional unexpected work is required.
For general information on the conveyancing process please do read our explanatory article
The current average timescale for a transaction is 6 to 8 weeks. However, all transactions vary and this is not a definitive timescale.
Likely Disbursements
Searches: £175.00+VAT in the amount of £35.00
Notices (Leasehold Only): Price set by party receipting the notice