PD301456 website imageryHOME .jpg

    Pricing guidelines - Residential property

    Return to pricing guidelines homepage.

    These guidelines cover sales, purchases and re-mortgages of freehold and leasehold houses and flats. We can also carry out other conveyancing work – contact us for further details.

    Non-price aspects you may wish to consider

    We appreciate that price will be only one of several criteria in your choice of conveyancer. Please bear in mind when comparing our charges with other firms that our focus is on providing a personal service, not the lowest possible price. Here are some of the reasons why we think you should choose us.

    • Client feedback. Our clients value our approach: almost all (95% on average) of those providing feedback say they would use us again or recommend us. We also receive many great client testimonials.
    • People. As our client, you would be looked after by an experienced, named individual, who would take responsibility for the work and be accessible if you had queries. He/she would be supported by a small team (usually of 1-3 named individuals) and the whole team would be working to get the job done as quickly as possible (but not at the expense of looking out for your best interests). Visit our people pages for more information on our staff and their experience
    • Professionalism, ethics and protection. We are regulated by the Solicitors Regulation Authority. See our pricing guidelines homepage for details of how this benefits our clients.
    • Conveyancing Quality Scheme. We are members of the Law Society’s Conveyancing Quality Scheme (CQS). This accreditation provides assurance to clients and lenders that we have the necessary skills and expertise to do the work and that we follow best practice.

    Your overall cost

    Your overall cost of buying, selling or re-mortgaging will consist of:

    1. Our fees (professional fees for our time and expertise in the transaction, plus our administrative charges);
    2. Expenses we have to pay on your behalf to third parties (such as Land Registry fees, search fees and Stamp Duty Land Tax).
    3. Other costs for which you will be responsible, such as estate agent’s commission, removal costs and surveys. Our charges do not include such items as these.
     

    Our charges (comprising items A and B) cover all of the legal work required to complete the purchase, sale or re-mortgage, including (on a purchase) registering the transaction at the Land Registry and arranging the payment of Stamp Duty Land Tax on your behalf. Our charges are set out in more detail in the following two sections.

    Our fees and administrative charges

      • Our professional fees typically range between £750 and £1,500 (plus VAT).
      • For example, for a property worth £450,000 we would generally charge:
        • £975 + VAT for a freehold sale.
        • £975 + VAT for a freehold purchase.
        • £1,075 + VAT for a leasehold sale.
        • £1,075 + VAT for a leasehold purchase.
        • £500 + VAT for a remortgage.
      • If you are buying with a mortgage we do not charge additional fees when acting for your lender as well.
      • Our fees may have to increase due to particular and sometimes unforeseen factors. Such factors include (but are not limited to):
        • Gifts or loans from family/friends/others towards purchase price
        • Legal title defects
        • Unregistered land
        • Issues with (or lack of) building regulations compliance, planning issues or listed building consents
        • Delays or unavailability of key documents
        • Delays and breaks in the conveyancing chain
        • New build properties
        • Shared ownership and help to buy properties
        • Help to Buy Equity Loans
        • Obtaining consents from third parties to enable registration of title
      • In addition to our professional fees we will make the following administrative charges where required:
        • Fee of £30+VAT for each CHAPS bank transfer (at least one required on a purchase and one for each existing mortgage being repaid on a sale or remortgage);
        • Fee of £5-10+VAT per person for electronic verification of identity (required in every case).

    Third party expenses (‘disbursements’)

    • For a purchase there are generally the following expenses to pay:
      • Searches
        These are reports and information we obtain for you from the council, utility companies and other authorities to gather information about the property. The cost of the searches varies depending on the location of the property, but we usually ask for £400 at the start of the transaction to cover this.
      • Stamp Duty Land Tax (SDLT)
        This is payable on most purchases in England. As the amount payable depends on the purchase price of the property and other factors, it is impossible to provide an estimate without knowing the full circumstances. You can estimate the amount you will need to pay by using the HMRC website. Properties in Wales are subject to a different tax, but we do not accept instructions for purchases in Wales (or Scotland).
      • Land Registry Fees
        Land Registry fees are charged for registering the property in your name following completion. The charge is based on the value of the property. You can use the Land Registry’s fees calculator (select ‘transfer of whole for value’) to work out how much you will have to pay.
      • Lender's transaction fee of £10-12+VAT (required by some lenders when buying with a mortgage).
    • For a sale there will be Land Registry fees of approximately:
      • £6 for a freehold
      • £12 for a leasehold

      There may be additional Land Registry fees to obtain documents referred to in the Land Registry title.

    Typical overall cost

    • A typical overall cost for the sale or purchase of a £450,000 house (but NOT including Stamp Duty Land Tax, which would be payable as well on a purchase) would be £1,765 - £1,885 (including VAT).
    • This estimate is just a typical price for a property worth £450,000, based on recent instructions. The actual cost to you will depend on a number of factors, which we will discuss with you if you decide to instruct us.
    • The estimate is based on our average hourly charging rate of £165 per hour (plus VAT). The actual hourly rate will vary depending on which person within our team is working on your case..

    The process and timescales

    • We have produced a diagram to show the process of buying and selling a house from both sides of the transaction (with typical timescales). You can also find out more on the Legal Choices website and we also have our own booklet explaining the process, which we send to all new clients before starting work.
    • How long the process will take from a transaction being agreed through the estate agent to being able to move in/out will depend on a number of factors. The average process takes 8-12 weeks.
    • The process can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage already agreed in principle, the timescale is likely to be at the lower end of the scale. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer – possibly several months (and additional charges would apply in such a situation).

    Typical areas of work involved

    • The precise work involved will vary according to the circumstances. However, the typical sequence of events for a purchase is shown below, with that from the seller’s perspective after it.
    • For the purchase of a residential property:
      • Take your instructions and give you initial advice
      • Check that your financial arrangements are in place
      • Receive and advise on contract documents
      • Carry out searches
      • Obtain further planning documentation if required
      • Make any necessary enquiries of seller's conveyancer
      • Give you advice on all documents and information received
      • Go through conditions of mortgage offer with you
      • Send final contract to you for signature
      • Agree completion date (date from which you own the property)
      • Exchange contracts and notify you that this has happened
      • Arrange for all monies needed to be received from lender and you
      • Complete purchase
      • Deal with payment of Stamp Duty Land Tax on your behalf
      • Deal with application for registration of your purchase at Land Registry
      • Liaison with your lenders throughout
      • Overall control of the transaction throughout, including liaison with estate agents
    • For the sale of a residential property:
      • Obtaining Land Registry entries for the property and drafting a contract for sale
      • Obtaining from you information about the property and details of fixtures and fittings included/excluded
      • Sending all of the above to the purchaser’s conveyancer
      • Responding to enquiries from the purchaser’s conveyancer
      • Preparing for exchange and completion
      • Repaying your existing mortgage(s) on your behalf
      • Overall control of the transaction throughout, including liaison with estate agents

    Our team

    For more information on our Residential Property Team, visit our people pages and filter the 'Team' by 'Residential Property'.

    Contact us

    Please click here if you would like further information or are thinking of instructing us.

    Feedback from our clients

    Our clients tell us they are happy: year after year, 94-96% of those providing feedback say they would recommend us and/or use us again. You can find out what our residential property clients say about us by clicking here.

    Related services

    We also undertake:

    • New build properties
    • Transfers of equity on a divorce
    • Lettings (landlord and tenant)
    • Property disputes
    • Commercial property transactions

    For full details of the services provided by our Residential Property Team, please click here.

    More news stories

    Get in touch

    Please provide some details about the nature of your enquiry