Legal Costs

Fee Estimates 

The following is an illustration of our average conveyancing fees for sale and purchase of property in England and is based on a straightforward freehold transaction without a mortgage. However, every transaction is different and so for a tailored estimate for your transaction please do contact us.


£0.00 - £125,000 £555
£125,001 - £250,000 £655
£250,001 - £500,000 £825
£500,001 - £750,000 £950
£950,001 - £1,250,000 £1500
£1,250,001 - £1,500,000 £2000

Above £1,500,000 please contact us with details of your transaction and we will calculate your estimate for you.

Where your transaction is more complicated than state above additional fees will apply. The following are the most common additional fees that may be charged where the relevant circumstances apply:

Acting for your mortgage lender on a new mortgage : A minimum fee of £150 plus VAT of £30
Acting for your mortgage lender on a redemption of mortgage : A minimum fee of £115 plus VAT of £23
Dealing with a leasehold: a minimum fee of £250 plus VAT of £50
Dealing with Help to Buy: a minimum fee of £295 plus VAT of £59
Electronic Identification: a minimum fee of £18 plus VAT of 3.60
Dealing with ISA Help to Buy transactions £50 plus VAT of £10

In addition to our legal fees, on a purchase or mortgage transaction you are likely to have to pay for property searches of between £100 and £400 (depending on the locality of the property and the type of searches needed), Land Registry fees (which are based on the value of the transaction and can be checked on the Land Registry website here:

https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

and either Stamp Duty Land Tax (SDLT) (if your property is in England) or Land Transaction Tax (LTT) (if your property is in England or in Wales). You can find out how much SDLT or LTT you will have to pay here:

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

https://lttcalculator.wra.gov.wales/ 

What is included in your legal fee?

Our estimate of legal fees for the conduct of your transaction will be based on carrying out the usual steps in connection with the standard conveyance of a freehold property that is registered at the Land Registry. Should your transaction not be a typical freehold registered property then the work we do will increase depending on what is required to be done and our fees will increase. We will supply you with a menu of additional services at the outset showing our fees for the various items of additional work that may arise. We cap our charges for this work at the fee shown in the menu in order that you have clarity and certainty.  

The usual steps in connection with a standard purchase conveyance of freehold property are as follows: 

Checking and approving the contract for purchase
Carrying out and reporting to you upon the usual searches (local authority, drainage and environmental searches)
Checking and reporting to you on the title to the property
Preparing and obtaining your signature to the Transfer deed
Collecting your purchase funds/deposit and arranging the exchange of contracts
Carrying out pre-completion official searches
Completing the purchase
Registering the purchase at the Land Registry

The usual steps in connection with a standard sale conveyance of freehold property are as follows:

Obtaining your title documents from the Land Registry and checking it
Preparing the contract for sale
Dealing with the buyer’s enquiries
Obtaining your signature to the contract and Transfer deed
Arranging the exchange of contracts
Completing the sale and accounting to you with any balance due to you

Our basic legal fee does not include the additional work involved in dealing with leases, mortgages, management companies, unregistered land, title restrictions, delayed completion or defective titles. We will supply you with full details of the charges for these aspects of the matter at the outset when we provide your fee estimate.

Time scales

Once a sale or purchase of a property has been agreed, an average freehold conveyancing transaction is likely to take between 12 and 16 weeks to reach exchange of contracts from when you provide us with your instructions to act for you. An average leasehold transaction is likely to take between 2 and 4 weeks longer than this, due to the need to obtain information from landlords and management companies. However, it is important to remember that your matter may take a shorter or longer time than this due to specific factors affecting it that may be outside our control. We try to ensure that you are kept informed throughout your matter of the stage it has reached and what remains to be done, so that you can understand the likely time scale that applies to your particular matter.

Referral Fees

We sometimes pay a referral fee to the person or body that introduces a client to our firm. This does not affect your legal fee, and is paid by us, not you. This fee covers the cost of services provided by the referrer such as sales progress assistance, search provision, assistance with identification procedures and other services. Referral fees are usually between £150 and £300 depending on the type and value of the service provided. If this applies, we will tell you when we send you your fee estimate. These arrangements do not affect you or your case in any way and we remain independent of the introducer. We will use our professional judgement to advise you and act in your best interests at all times, and you are free to raise questions on all aspects of the transaction.”

legal costs

call 0845 644 3620

Priestgate House
3-7 Priestgate
Peterborough
PE1 1JN
Telephone: 0845 644 3620
Fax: 01733 427277
Practice licence number: 11309

Registered in England & Wales No. 5357454
Regulated by the Council for Licensed Conveyancers

 

   

Website designed by Nigel Davis Marketing