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):
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.
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:
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:
Sale:
Remortgage:
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 |