Residential Conveyancing Costs

The cost will depend on your specific case, the value of the property, the services needed and the complexity of the transaction.

Average cost of a Purchase

Property Value Legal Fees
Between £250,000.00 -£550,000.00 between £1,250.00 – £2,000.00 plus VAT
Between £550,000.00 – £1m Between £2,500.00 – £3,000.00 plus VAT
Over £1m between £3,000.00 – £5,000.00 plus VAT

Additional Information

Where my fixed fee maybe higher
Our fee assumes that:

  • the matter will proceed in the normal course but should it not or should your matter become protracted/disputed or unusually complex then we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
  • the transaction is concluded in a timely manner and no unforeseen complication arise. If a transaction takes substantially longer than 12 weeks to complete then this may be an indication that we have had to spend a lot more time on the transaction and we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

The following list which is not exhaustive will incur increased costs:

    • A purchase with a share of freehold
    • Any unusual circumstances such as defective lease, planning/building regulations issues, listed building, estate management schemes
    • expediting the transaction
    • New builds
    • Lease extension, deed of variation or other legal deed
    • The price is above £1m
    • Unregistered land
    • Help to Buy Scheme or Help to Buy Isa
    • Auction sale or purchase

How much will Searches cost
The following standard searches will approximately cost £250.00 plus VAT.

      • Personal Local Authority Search – checks local planning issues, local road and rail schemes, whether the road is adopted etc.
      • Water authority search – confirm that the property is on mains water, is connected to drainage etc.
      • Environmental search – checks a wide range of environmental factors such as local contaminated land.
      • Planning Search – checks any new planning development surrounding the vicinity.
      • Chancel Search – search performed on a property during the conveyancing process that will inform a potential buyer if the property is subject to chancel repair liability.

Depending on the results of the above searches, and the location of the property, we may carry out further searches such as more detailed flood risk searches. Some areas may require area-specific searches such as radon or mining search.

VAT
 VAT will be charged at the current prevailing rate which at present is 20%.

Disbursements
From Monday 31 January, some of HM Land Registry’s land registration fees will increase for the first time since 2009.

Property Value Old Fee New Fee
Between £0 to £80,00.00 £20.00 £20.00
Between £80,001 to £100,000 £40.00 £40.00
Between £100,001 to £200,000 £95.00 £100.00
Between £200,001 to £500,000 £135.00 £150.00
Between £500,001 to £1,000,000 £270.00 £295.00
Between £1,000,001 and over £455.00 £500.00
Land Registry Priority Search Fee – £3.00
Bankruptcy Search Fee – £2.00 per name
You can calculate the amount of Stamp Duty Land Tax or Land Transaction Tax you will need to pay by using HMRC’s website or the Welsh Revenue Authority’s website.

Transfer Fee
 CHAPS Telegraphic Transfer fees – where the payment of monetary funds is required to be made by way of a CHAPS Telegraphic Transfer (which is a same day transfer) we will charge an administration fee of £35 plus VAT.

Who is responsible for my case
Residential conveyancing work will be undertaken by Sami Sofi who is a qualified solicitor with post 5 years’ experience under the supervision of Adam Sofi who is also a solicitor and was admitted on 15/09/03.

How long will the transaction take
On average, a transaction takes approximately three months from start to finish. However, if there is a chain involved and one link in the chain breaks, it is possible that your transaction could take several months at least to complete.

Buying a Leasehold Property
You should be aware that if the property is leasehold or managed by a company the amount of work undertaken is far greater. We therefore charge a leasehold supplement of £200.00 plus VAT. Anticipated disbursements for a leasehold purchase.

Notice of Transfer Approximately £250.00 plus VAT

 

Notice of Charge Approximately £250.00 plus VAT

 

Certificate of Compliance Approximately £250.00 plus VAT

Average cost for a Sale

Property Value Legal Fees
Between £250,000.00 -£550,000.00 between £1,000.00 – £1,500.00 plus VAT
Between £550,000.00 – £1m Between £1,500.00 – £2,000.00 plus VAT
Over £1m between £2,500.00 – £5,000.00 plus VAT

Additional Information

Where my fixed fee maybe higher
Our fee assumes that:

  • the matter will proceed in the normal course but should it not or should your matter become protracted/disputed or unusually complex then we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
  • the transaction is concluded in a timely manner and no unforeseen complication arise. If a transaction takes substantially longer than 12 weeks to complete then this may be an indication that we have had to spend a lot more time on the transaction and we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

The following list which is not exhaustive will incur increased costs:

    • A sale with a share of freehold
    • Any unusual circumstances such as defective lease, planning/building regulations issues, listed building, estate management schemes
    • expediting the transaction
    • New builds
    • Lease extension, deed of variation or other legal deed
    • The price is above £1m
    • Unregistered land
    • Help to Buy Scheme or Help to Buy Isa
    • Auction sale or purchase

VAT
 VAT will be charged at the current prevailing rate which at present is 20%.

Disbursements
Land Registry Office Copies £6.00 (Freehold) £12.00 (Leasehold)

Transfer Fee
 CHAPS Telegraphic Transfer fees – where the payment of monetary funds is required to be made by way of a CHAPS Telegraphic Transfer (which is a same day transfer) we will charge an administration fee of £35 plus VAT.

Who is responsible for my case
Residential conveyancing work will be undertaken by Sami Sofi who is a qualified solicitor with post 5 years’ experience under the supervision of Adam Sofi who is also a solicitor and was admitted on 15/09/03.

How long will the transaction take
On average, a transaction takes approximately three months from start to finish. However, if there is a chain involved and one link in the chain breaks, it is possible that your transaction could take several months at least to complete.

Buying a Leasehold Property
You should be aware that if the property is leasehold or managed by a company the amount of work undertaken is far greater. We therefore charge a leasehold supplement of £200.00 plus VAT. Anticipated disbursements for a leasehold sale include the management pack. This fee is set by the managing agent/freeholder and can cost up to £600.00 plus vat.

In residential leasehold transactions, a retention is sometimes necessary. It is part of the purchase money which is held back on completion and retained by one of the party’s solicitors until some further action is completed. When such retentions are held, there will be a clear agreement between us the buyer’s solicitors. Such work falls foul of our fixed fee arrangement. We therefore charge an additional £150.00 plus VAT to agree and negotiate the retention and a further £150.00 plus VAT if we are to hold the retention in our account for you.

Average cost for a Re-mortgage

Property Value Legal Fees
Between £250,000.00 -£550,000.00 between £650.00 plus VAT
Between £550,000.00 – £1m Between £750.00 plus VAT
Over £1m between £950 plus VAT

Additional Information

Where my fixed fee maybe higher
Our fee assumes that:

    • the matter will proceed in the normal course but should it not or should your matter become protracted/disputed or unusually complex then we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
    • the transaction is concluded in a timely manner and no unforeseen complication arise. If a transaction takes substantially longer than 12 weeks to complete then this may be an indication that we have had to spend a lot more time on the transaction and we reserve the right to make an additional charges based on this firm’s hourly rate of £240 per hour plus VAT.
    • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

How much will Searches cost
The following standard searches will approximately cost £250.00 plus VAT.

          • Personal Local Authority Search – checks local planning issues, local road and rail schemes, whether the road is adopted etc.
          • Water authority search – confirm that the property is on mains water, is connected to drainage etc.
          • Environmental search – checks a wide range of environmental factors such as local contaminated land.
          • Planning Search – checks any new planning development surrounding the vicinity.
          • Chancel Search – search performed on a property during the conveyancing process that will inform a potential buyer if the property is subject to chancel repair liability.

Depending on the results of the above searches, and the location of the property, we may carry out further searches such as more detailed flood risk searches. Some areas may require area-specific searches such as radon or mining search.

VAT
 VAT will be charged at the current prevailing rate which at present is 20%.

Disbursements
From Monday 31 January, some of HM Land Registry’s land registration fees will increase for the first time since 2009.

Property Value Old Fee New Fee
Between £0 to £100,00.00 £20.00 £20.00
Between £100,001 to £200,000 £30.00 £30.00
Between £200,001 to £500,000 £40.00 £45.00
Between £500,001 to £1,000,000 £60.00 £65.00
Between £500,001 to £1,000,000 £.00 £140.00
Between £1,000,001 and over £125.00 £140.00
Land Registry Priority Search Fee – £3.00
Bankruptcy Search Fee – £2.00 per name
You can calculate the amount of Stamp Duty Land Tax or Land Transaction Tax you will need to pay by using HMRC’s website or the Welsh Revenue Authority’s website.

Land Registry Office Copies – £6.00 (Freehold) £12.00 (Leasehold)

Transfer Fee
 CHAPS Telegraphic Transfer fees – where the payment of monetary funds is required to be made by way of a CHAPS Telegraphic Transfer (which is a same day transfer) we will charge an administration fee of £35 plus VAT.

Who is responsible for my case
Residential conveyancing work will be undertaken by Sami Sofi who is a qualified solicitor with post 5 years’ experience under the supervision of Adam Sofi who is also a solicitor and was admitted on 15/09/03.

How long will the transaction take
On average, a transaction takes approximately three months from start to finish. However, if there is a chain involved and one link in the chain breaks, it is possible that your transaction could take several months at least to complete.