Residential Conveyancing Fees

For the SALE of a typical residential property

All fees are quoted excluding VAT

 

Freehold

Leasehold

New Build

Approx. Expenses & disbursements

0-£150,000

£575

£650

£675

£65

£150,000 £250,000

£675

£750

£775

£65

 

£250,000 £325,000

£725

£800

£825

£65

 

£325,000 £400,000

£825

£900

£925

£65

 

£400,000 £525,000

£900

£975

£1,000

£65

 

£525,000+

£1,000

£1,075

£1,100

£65

If there is a Help to Buy mortgage on the property then our fees will increase by £150 + VAT to cover the extra work involved in redeeming the Help to Buy mortgage.

Our fees set out in the table above apply to standard types of transaction and cover all the work required to complete the sale of your property including:

  • Obtaining up to date entries of the register of title from the Land Registry.
  • Sending the required property information forms to you for completion.
  • Preparing and submitting a full contract package to the purchasers’ Solicitors.
  • Responding to any queries that may arise regarding the contract package.
  • Sending the final contract and transfer to you for signature.
  • Exchanging contracts and notifying you of the completion date.
  • Redeeming any existing mortgages on the property on completion.
  • If the sale relates to  a leasehold property we will send the LPE1 to the Landlord/Managing Agent and then send replies on to the purcashers’ Solicitor.

Disbursements on a sale would include the fee for obtaining up to date register entries from the Land Registry. (£12.00)

For leasehold properties there will also be a fee payable to any management company or landlord (if applicable) with regard to production of replies to the LPE1 and management pack which you are required to produce. This fee will vary depending on the property and managing agent and can range from £250.00 plus VAT to £500.00 plus VAT.

You will be asked to to pay a fee of £35.00 plus VAT in respect of bank charges for each bank for redeeming any existing mortgage or for sending funds to your bank account.

For the PURCHASE of a typical residential property

All fees are quoted excluding VAT

 

Freehold

Leasehold

New Build

New Build &

Leasehold

Approx. Expenses & disbursements

0-£150,000

£650

£750

£750

£850

£65

£150,000 £250,000

£750

£850

£850

£950

£65

£250,000 £325,000

£850

£950

£950

£1,050

£65

 

£325,000 £400,000

£925

£1,025

£1,025

£1,125

£65

 

£400,000 £525,000

£1,000

£1,100

£1,100

£1,250

£65

 

£525,000+

£1,150

£1,250

£1,250

£1,350

£65

If you are buying with the aid of a Help to Buy mortgage then our fees will increase by £150 + VAT to cover the extra work involved in acting on the Help to Buy mortgage.

Our fees set out in the table above apply to standard types of transaction and cover all the work required to complete the purchase of the property including:

  • Taking your instructions and providing you with initial advice.
  • Checking financial arrangements to ensure funds are in place to purchase.
  • Receiving and advising on the contract documentation.
  • Carrying out searches.
  • Advising on the search results and obtaining copies of all documentation referred to in the searches.
  • Raising any necessary additional enquiries.
  • Receiving mortgage instructions and ensuring any conditions are satisfied.
  • Reporting to you on title to the property and all information provided.
  • Sending the contract to you for signature.
  • Agreeing a completion date.
  • Exchanging contracts.
  • Preparing a completion statement and ensuring all funds are received from the lender and from you.
  • Completing the purchase.
  • Subject to receipt of your funds, paying the Stamp Duty Land Tax (SDLT) on your behalf.
  • Dealing with the land registry application.

For leasehold transactions we will also:

  • Check the Lease to ensure it is compliant.
  • Check the Management Information provided by the Landlord and Managing Agent and raise any necessary further enquiries.
  • Ensure that we comply with the Landlord’s/Managing Agents requirements relating to
    registration of you as the new owner of the property.

 

Disbursements on a purchase typically include local search, drainage search, environmental search, chancel search and highways search (if necessary). Also included in the disbursements will be land registry final completion search and bankruptcy search if you are buying using a mortgage. (The costs for these are not included in the table above because they are dependent on the purchase price).
If you are buying a leasehold property you will also be required to pay a fee to the Landlord and/or the Managing Agent for confirmation on completion that you are the new owner of the property. This fee will vary depending on the Landlord/Managing Agent and we will confirm the fee when reporting to you once we have received the management information from the Landlord.

You will also be required to pay a fee for registration of your ownership for the property at the Land Registry.

You will be asked to pay a fee of £35.00 plus VAT in respect of bank charges for each bank transaction.

In addition, you may also be liable for SDLT based on the purchase price of the property and whether or not you are a first time buyer. If you are buying the property as a second property you may be liable to pay the additional SDLT surcharge. Please ask us for an explanation as to whether or not SDLT is payable in respect of your transaction and if so at what level.

 

Company Information
The Commercial Law Practice Limited (Registered Company No. 05929851) is authorised and regulated by the Solicitors Regulation Authority under number 446707
Directors

Lee Wilkins

Elizabeth Russ

 

Registered Office
Pullman Court, Copper Street. Dorchester, Dorset DT1 1GA
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