Price Information for Residential Conveyancing
We want to ensure that you have as much information as possible before making a decision about instructing us. Our fees are dependent on the value of the property and the level of complexity but, to ensure we are compliant with the new SRA transparency rules, we have given you some basic information below to give you an idea. Once we have the information we need from you we will be able to give you a detailed personalised quote of what you might have to pay. For more information about the team who will be advising you please visit our team page and for further information about the process involved please visit our dedicated pages for First Time Buyers, Moving Home, and Getting a Mortgage
Our fees start from £750 plus VAT and to give you an example, we have set out our typical fees for a property with a value of £250,000:-
- Purchase of a property would be £875 plus VAT where there is no mortgage, or £1,025 plus VAT if a mortgage is required. These both assume a freehold purchase.
- For a leasehold purchase our typical fees for a property with this value would be £1,125 plus VAT without a mortgage, or £1,275 plus VAT if a mortgage is required.
- For a property sale our typical fees would be £750 plus VAT for freehold, and £900 plus VAT for leasehold. As mentioned above, these figures may vary in complex cases.
Our fees do not include any work involved falling outside a standard transaction for example defects in legal title, problems with planning or building regulations and missing information or documentation. We will always let you know if a problem arises during the process which may affect our fee quote.
In addition to the legal fees there are also various disbursements that will need to be paid. These will vary depending on the property and its location. We will provide you with a detailed quote which will include the expected costs of these which will include:
- online search fees (these vary based on location but, as an example, for a recent transaction in West Oxfordshire these were around £300),
- Land Charges search fees (£2 per name),
- Land Registry searches (£3 per search),
- Land Registry Fees,
- mortgage legal and registration fees,
- plan or engrossment fees (as appropriate), and
- for leasehold properties management company information or consent fees (which can vary from £50 plus VAT to £400 plus VAT).
On a property purchase Stamp Duty Land Tax will also be payable. For further information on SDLT please visit our dedicated page.
Other fees to be aware of include:-
- CHAPS transfer fees of £40 plus VAT.
- Office Copy Entries which are charged at £3 per document (there are typically two required but this vary between properties).
- We also undertake enhanced due diligence searches (in compliance with money laundering regulations) which are £7.50 plus VAT per person.
This information is for guidance only.
How long will it take?
For a simple transaction, you would be looking at 6-8 weeks for completion but note that a number of external factors outside of our control (such as the length of the chain and the responsiveness of the other parties involved) can affect this significantly. There are always a number of parties involved (other than the buyer and seller) and once we have some further information from you we will be able to give you a more accurate timescale and throughout the process we will, of course, keep you updated as to timescale.
What happens if sale or purchase falls through?
We will only charge you for the work done together with any disbursements up to and including that point in time.