Fees

Timescales
We estimate that a typical transaction will take 6-8 weeks.

Our fees cover all the work needed to complete the purchase of your new home. This includes Registering the property at the Land Registry and handling any stamp duty land tax or Welsh land transaction tax where applicable.

Our fee is based on the assumption that the Transaction is straightforward, with no unexpected issues such as title defects, delays, or the need for additional documents or indemnity policies. It also assumes that all parties cooperate and respond promptly.

Purchase Disbursements – These are payments made on your behalf to others. The list below is for illustration purposes. This list is not exhaustive and other disbursements may apply depending on the location of the property.

• Searches between £170-£500 dependent upon searches required and area of property
• HM Land Registry fees £20-£920 – on a sliding scale set by HM Land registry based on the purchase price of the property
• Indemnity Insurance (if required, price depends upon the type of policy required)
• Land Transaction Tax (Wales) (on purchase) or Stamp Duty Land Tax (England) This depends on the purchase price of your property. If it is a buy to let or a second
  property the higher rate will apply. You can calculate the amount you will need to pay by using the Welsh Revenue Authority’s website if the property is located in Wales or HMRC’s website if the property is located in England

Residential Purchase: What Our Fees Include
Our fee includes all standard aspects of a residential purchase transaction, including:

• Reviewing the legal title, raising enquiries, and advising on the contract
• Obtaining and reviewing search results, and reporting any issues
• Reporting on replies to enquiries
• Advising you on all documents and procedures from exchange to completion
• Arranging signatures for all legal paperwork
• Handling exchange of contracts and agreeing the completion date
• Drafting and agreeing the transfer deed
• Requesting and managing funds required to complete
• Completing the transaction and submitting the SDLT (Stamp Duty) return
• Registering the property at HM Land Registry

Additional complexity may cause delays and increase the fixed fee. This includes, but is not limited to:

• Delays caused by the seller or others in the chain
• Unclear or changing instructions
• Title defects requiring remedy before exchange
• Issues revealed in searches or enquiry replies
• Client or seller based outside the UK
• Use of foreign funds or anti-money laundering concerns
• Poor communication or inexperience of the other party’s conveyancer
• Higher-risk transactions
• Drafting of additional documents (e.g. statutory declarations, deeds)
• Properties with solar panels
• Dealing with private charges (e.g. from parents or spouse)
• Unregistered property title
• Obtaining consent from occupants aged 17 or over
• Reviewing tenancy agreements

We review our fees 8 weeks after issuing the contract pack (for sales) or receiving it (for purchases). If the matter becomes protracted (ie taking longer than a typical transaction).

We will discuss any additional costs at that point based on the hourly rate of the fee earner handling your transaction.

When will payments be required

Once you have confirmed that you wish to instruct us to act on your behalf, we will require an initial deposit towards your costs and disbursements of £500.00 in order that we can commence the conveyancing. For a purchase the balance of costs and disbursements
including Land Tax will be required to be paid before the completion date. For a sale, the balance of costs and disbursements can be deducted from the sale proceeds.

For Commercial matters

We offer fixed fees wherever possible and offer a transparent pricing structure, so you are always aware of the likely costs up front. Please call us to discuss your specific requirements in order for us to be able to provide you a tailored quote

Disbursements -Leasehold Properties

When buying or selling a leasehold property (such as a flat) you will pay the usual disbursements that apply to freehold properties, plus some additional costs. These extra charges vary depending on the terms of the lease on the property. Common examples include fees for the landlord or managing agent, but there may be others. We will confirm the specific costs once we’ve reviewed the lease from the other solicitors.

• Leasehold purchase Notice of Transfer fee – This is to advise the Landlord/Management Company of the change of ownership. This fee is set out in the lease and can be from as little as £10 or over-£150 for Notice of Charge fee. This is to advise the Landlord/Management Company of the change of ownership. This fee is set out in the lease and can be from as little as £10 or over-£150
• Certificate of Compliance fee – The certificate confirms that the obligations in the lease have been complied with and can range between £100 – £300 + VAT .(£120.00 to £360.00 inc)
• Deed of Covenant fee – This is a deed whereby you promise to observe the obligations in the Lease. It is set by the management company and is often between £100 and £250 + VAT(£120.00-£300.00 inc)
• Leasehold sale LPE1 sales pack from Freeholder – This provides the information you will need to supply to a Buyer regarding ground rent and insurance. It can range between £100 – £300 + VAT (£120.00 – £360.00 inc)
• LPE1 sales pack from Management Company – This provides the information you will need to supply to a Buyer regarding service charges. It can range between £100 – £300 + VAT(£120.00 – £360.00 inc)
• Our fees cover all the work needed to complete the purchase of your new home. This includes Registering the property at the Land Registry and handling any stamp duty land tax or Welsh land transaction tax where applicable