Buying a freehold residential property
For most sale and purchase transactions our fixed fees cover all of the standard work required to buy or sell your property. So that you have a better understanding of the work that our fee covers we have set out below the work that is included in our fee and what is not included.

You will see that we refer to “Disbursements” these 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.

What’s included;
We will handle all the legal aspects of your property transaction to ensure that it completes as smoothly as possible. This will include;
Liaising with all parties to the transaction including you, the estate agent, the mortgage lender and broker, your surveyor and other lawyers.

Dealing with the legal aspects of the property. On a purchase we will send you a report explaining the legal aspects of your purchase and how this may affect you including setting out details of any restrictions on your property.

Dealing with registration at the Land Registry. On a purchase we will deal with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

What’s not included;

If additional work is required that does not form part of a usual transaction, we will advise you in advance of the work required and any additional costs and disbursements that may arise before any extra costs are incurred.

Our fixed fee does not include the purchase of a new build property or the grant of a new lease.

Our fixed fee is based on a standard transaction with no unforeseen complications. If any unforeseen issues arise such as (but not limited to) a defect in title which requires additional work or the preparation of additional documents that do not form part of a standard transaction we will advise you in advance before any extra costs are incurred.

If the transaction becomes protracted, or there are unreasonable delays in receiving documents from the other parties or complications arise, we may charge for additional time but we will advise you of any further charges before any extra costs are incurred.

If indemnity policies are required we may charge extra for the work in putting these in to place and there may be additional disbursements that we will advise you in advance of.

Our Tailored Cost Estimates

The figures we have set out below may vary in special circumstances or if the case is complicated. We will discuss with you your requirements at the outset to understand your case and provide a tailored costs estimate in writing at the start of the transaction. We will set out in writing the estimate for our fees, VAT and disbursements and what work we will do for you, including assumptions and exclusions. If your transaction becomes complicated we will discuss this with you and inform you of any changes to our fee quote before we undertake any work that may involve any additional costs being incurred.

All amounts that are subject to VAT are charged at the applicable rate of VAT (20% as at April 2019).

Property Sales
Our fees are for transactions of typical registered properties for simple sale or sales and vary depending upon the property value, and range from:
Property value up to £400,000:
Legal fee £625 plus VAT (£125).
Property value from £400,001 to £750,000:
Legal fee £745 plus VAT (£149).
Property value from £750,001 to £1,000,000:
Legal fee £845 plus VAT (£169).
Property value from £1,000,001 to £1,500,000:
Legal fee £1,150 plus VAT (£190).
Property value from £1,500,001 to £2,000,000:
Legal fee £1,550 plus VAT (£230).
Property value from £2,000,001 onwards:
Price available on request.

Additional costs that might apply
If the Property is Leasehold there is an additional charge for dealing with the assignment of the existing lease which starts from £150 plus VAT depending on the complexity of the lease.
If a Property is unregistered there is an additional charge starting from £100 plus VAT for preparing the documents to prove ownership of the property.

Costs on dealing with the Lender where a mortgage is to be redeemed £75 plus VAT.
Case Management fee £35 plus VAT.
Bank Transfer arrangement fee £30 plus VAT.

Costs example. A freehold registered property that sold for £400,000 with a mortgage. Our average fees which includes legal costs, acting for the lender, redeeming the mortgage, case management fee, bank transfer arrangement fee and disbursements will typically be £918 including VAT plus disbursement of £6 for Land Registry Office Copy entries. Total average amount £924.

Property Purchases
Our fees are for transactions of typical registered properties for simple purchase or purchases and vary depending upon the property value, and range from:
Property value up to £400,000:
Legal fee £675 plus VAT (£135).
Property value from £400,001 to £750,000:
Legal fee £745 plus VAT (£149).
Property value from £750,001 to £1,000,000:
Legal fee £875 plus VAT (£175).
Property value from £1,000,001 to £1,500,000:
Legal fee £1,250 plus VAT (£250).
Property value from £1,500,001 to £2,000,000:
Legal fee £1,750 plus VAT (£350).
Property value from £2,000,001 onwards:
Price available on request.

Additional costs that might apply
If the Property is Leasehold there is an additional charge for dealing with the assignment of the existing lease which starts from £150 plus VAT depending on the complexity of the lease.

If a Property is unregistered there is an additional charge starting from £100 plus VAT for preparing the application for first registration.

Costs on acting for the Lender where a mortgage is required £125 plus VAT.

Stamp Duty Land Tax Return submission £75 plus VAT.

Case Management fee £35 plus VAT.

Bank Transfer arrangement fee £30 plus VAT.

Costs example. A freehold registered property that was purchased for £400,000 with a mortgage. Our average fees which includes legal costs, acting for the lender, case management fee, bank transfer arrangement fee and Stamp Duty Land Tax Return submission will typically be £1,128 including VAT plus disbursements being search fees (estimate £350), Stamp Duty Land Tax (£10,000 based on rate as at April 2019) and Land Registry fees (£135 as at April 2019). Total £11,613.

Disbursements
These are expenses which we incur on your behalf and are necessary to enable us to undertake the work.
On a purchase you are likely to incur costs for Search fees, HM Land Registry fee and Stamp Duty Land Tax (SDLT). SDLT is payable to Revenue and Customs and is payable on property purchases. The amount you will pay will depend on the purchase price of your property. You can calculate the amount you will need to pay by visiting HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales you can calculate the Land Transaction Tax by using the Welsh Revenue Authority’s website https://gov.wales/land-transaction-tax-calculator.

Our Re-mortgage fees
We will work with your mortgage broker and lender to ensure a smooth re-mortgaging process. We will update you regularly so that you are aware of the progress that is being made.
Our fixed fees cover all the work required to complete your re-mortgage including dealing with the mortgage lender and registration of the mortgage at the Land Registry.
Our fixed fees for this service start from £425 plus VAT, plus bank transfer arrangement fee £30 plus VAT, plus case management fee £35 plus VAT. Total £490 plus VAT and disbursements.
Referral fees (if any). We have arrangements with some mortgage brokers and estate agents to pay a referral fee of up to £150 plus VAT as they may help us in liaising with you through the transaction. We will set out in our terms of business if this applies to your transaction. If a referral fee is paid the amount is deducted from our costs and does not affect the overall price that you pay.

Frequently asked Questions
1. How long will my property transaction take?

We will work with you to do our best to meet your time frame. However, the time it can take to complete a property purchase can vary greatly as there are a number of factors to consider including if the transaction is part of a chain, the mortgage lender requirements, and availability of surveyors. The average time it takes is between 6-12 weeks for us to complete the conveyancing process once we receive the memorandum of sale from the estate agents.

It can be quicker or slower, depending on the parties in the chain and the nature of the transaction. For example, leasehold purchases generally take longer due to the extra work involved.
If you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 5 months. In such a situation additional charges would apply.

2. What are the stages of the property process?

To help you understand a typical transaction we have set out below the normal stages that we would need to go through. However, these may vary depending on the type of property and the circumstances.
(Sale and Purchase) Take your instructions and give you initial advice
(Purchase Only) Check finances are in place to fund your purchase and contact lender’s solicitors if needed
(Sale and Purchase) Receive and advise on contract documents
(Purchase Only) Carry out searches
(Purchase Only) Obtain further planning documentation if required
(Purchase Only) Make any necessary enquiries of seller’s solicitor
(Sale and Purchase) Give you advice on all documents and information received
(Purchase Only) Go through conditions of mortgage offer with you
(Sale Only) Deal with buyer’s solicitor’s enquiries
(Sale and Purchase) Send final contract to you for signature
(Sale and Purchase) Agree completion date (date from which you own or sell the property)
(Sale and Purchase) Exchange contracts and notify you that this has happened
(Purchase Only) Arrange for all monies needed to be received from lender and you
(Sale and Purchase) Complete transaction
(Sale Only) Redeem any registered mortgage/loan
(Purchase Only) Deal with payment of Stamp Duty/Land Tax
(Purchase Only) Deal with application for registration at Land Registry

Our Property Team
When you instruct us you can rest assured that you are in safe and experienced hands and will receive an excellent level of service. Our Property Team has over 70 years combined experience in dealing with all aspects of property sales, purchases, leases and re-mortgages and have dealt with all the issues that may arise in our local area.

Please click on the box on the left to see our conveyancing team, led by Jon Kelly a partner in the firm.

Find out how we can help you buy or sell your property today!














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