Conveyancing Pricing Information
There are two main elements to the legal costs of purchasing a property:
- our charges;
- expenses we must pay out on your behalf
Our charges and the expenses we must pay out on your behalf will vary significantly from property to property and also depending upon your personal circumstances, for example, if you are a first-time buyer or already own a property. In order that we may provide you with an accurate no-obligation quote, please call us on 01457 835597.
To give you an idea of the usual costs, they range from £605 plus VAT to £1,050 plus VAT based on the value of the property. For any property over £1m, please ask us for a specific quote.
|Property Value||Our fee|
|Up to £130,000||£605 + VAT = £726|
|£130,001 – £170,000||£630 + VAT = £756|
|£170,001 – £250,000||£655 + VAT = £786|
|£250,001 – £300,000||£680 + VAT = £816|
|£300,001 – £400,000||£730 + VAT = £876|
|£400,001 – £500,000||£780 + VAT = £936|
|£500,001 – £600,000||£880 + VAT = £1,056|
|£600,001 – £999,999||£1,050 + VAT = £1,260|
For purchases of new build properties, there is an additional charge ranging from £302.50 to £525 plus VAT depending on the property value up to £1m.
Typical disbursements for purchases
|Electronic ID verification||£5 + VAT = £6|
|Lawyer Checker||£10 + VAT = £12|
|Bankruptcy search per name||£2|
|Searches in area||£155.83 + VAT = £187|
|Official search fees per title||£3|
|BACS payment||£20 + VAT = £24|
|Stamp duty land tax return||£7 + VAT = £8.40|
|Lender exchange panel fee||£25 + VAT = £30|
|Land registration fees||£95-£2,435 depending on property value, postal applications and voluntary first registrations.|
Likely timescale and key stages
A typical straightforward purchase usually takes 6-8 weeks from receiving your instructions to completion or 8-12 weeks from instructions to completion if the property is Leasehold. Of course, it is difficult to confirm at the outset whether your matter will be “straightforward”, there may be complications along the way such as a long chain, issues arising with a property in the chain such as an absent freeholder, difficulties with your mortgage or the mortgage of others involved in a chain, etc. Whilst we are unable to predict any such delays, communication is key and we will ensure that you are updated at every stage along the way
Most matters of this nature involve the following key stages:
- Initial stage – Offer is accepted and Solicitors are instructed
- Pre-contract – Seller’s Solicitors gather information from the seller and then send the Contract to us. We will obtain searches required in relation to the property and raise any enquiries we may have and request any additional information we may need.
- Pre-exchange – Once we are satisfied with the replies to our enquiries and search results, we will arrange for you to sign the contract and will request the deposit from you.
- Exchange of contracts – Once we are in receipt of the deposit, we will contact the seller’s Solicitors to advise we are ready to exchange contracts. We will then check the proposed completion date with you and obtain your authority to exchange contracts. Once contracts are exchanged both parties are legally bound to continue with the transaction through to the completion on the agreed date.
- Completion – On the date of completion, we will send the funds though to the seller’s Solicitor. Once they are in receipt of the funds, they will authorise the release of the keys.
Our team has over 30 years of collective experience in delivering high-quality work in all matters relating to residential conveyancing. The team has particular expertise in residential sales, purchases, re-mortgages and transfers of equity.
For details of the members of the team who may work on your matter, please see our conveyancing page.