We charge for residential conveyancing on a fixed fee basis for most transactions. Our range of legal fees, plus any additional fees which are payable on top i.e. disbursements and Stamp Duty Land Tax, are set out below. Our charges will be based on our hourly charging rate of £200 per hour in the case of more complex transactions.
Legal Fees - Freehold Sale or Purchase (excluding New Builds and disbursements) *
Price Fee plus VAT
Up to £100,000 £600
£100,001 to £250,000 £700
£250,001 to £500,000 £750
£500,001 to £750,000 £850
£750,001 to £1,000,000 £1000
£1,000,001 to £1,500,000 £1200
Legal Fees - Leasehold Sale or Purchase (excluding New Builds and disbursements) *
Price Fee plus VAT
Up to £100,000 £650
£100,001 to £250,000 £750
£250,001 to £500,000 £850
£500,001 to £750,000 £950
£750,001 to £1,000,000 £1200
£1,000,001 to £1,500,000 £1500
*New Builds incur an additional charge of £500 plus VATdue to the additional level of work required.
Legal Fees - Transfers, Mortgages or Remortgages £400 plus VAT and disbursements.
Additional fees - Disbursements are fees and charges we will need to pay on your behalf as part of the process to third parties, such as a landlord’s information pack on a sale if the property is leasehold (typically £150), notice fees to landlords on a purchase if the property is leasehold (typically £50 to £100), Land Registry fees for official copies of your title i.e. evidence of ownership on a sale (typically £6-12), search fees on a purchase (typically £350) and Land Registry fees on a purchase (typically £135 or £270). You may also be responsible for paying the legal costs incurred by us on behalf of your lender too, which are likely to be £250 plus VAT.
Additional fees - Stamp Duty Land Tax (in England) or Land Transfer Tax (in Wales) is payable on purchases and depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website if the property is located in England or if the property is located in Wales by using the Welsh Revenue Authority's website.
These fees assume that the transaction is “standard” and there are no unforeseen issues that may lengthen the process or increase costs and that all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation. Factors that would typically increase the cost of the service are, for example:-
How long will my house purchase take?
How long it will take from your offer being accepted until you can move into your house or flat will depend on a number of factors. The average process takes between 6-8 weeks. It 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 in principle, it could take 6 to 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 3 months. If there is no chain, we would expect to be able to exchange contracts within 4 weeks of you instructing us and complete one week after that, the gap between exchange and completion being needed to carry out pre-completion searches and arrange for the balance of the funds to be sent to us, the deposit having been paid on exchange of contracts.
The work we will carry out in the purchase of a residential property will involve:-
Obviously, our fees do not include any external costs and charges that you may incur as part of the process (e.g. estate agents commission, removal costs, environmental remediation costs etc.). You will be responsible for these items.
We are committed to providing high quality legal advice and client care. If you are unhappy about any aspect of the service you receive or about your bill, please contact Diana Deacon at email@example.com or by post at 36 Castle Road, Cowes, Isle of Wight PO31 7QZ. We have a written procedure that sets out how we handle complaints.
If you are not satisfied with our handling of your complaint you can ask the Legal Ombudsman to consider the complaint. The Legal Ombudsman can be contacted at www.legalombudsman.org.uk. Please read the conditions carefully.
If you are not satisfied with the outcome of these processes, you can take up the matter with the Solicitors Regulation Authority. They can be contacted at firstname.lastname@example.org.