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Conveyancing
This is the bread and butter of our business. It is the reason why most people want to see a solicitor. Presumably, if you are looking at this, you want to sell or buy and if you were not a valued customer beforehand, you sure are now!
It isn’t the case that all registered land conveyancing is the same, but the public perception is that it is. If it is an unregistered property or a Leasehold, fees reflect the fact that there is often more work to do.
We set out below our fees for our conveyancing services for registered freehold properties. That will cover 99% of what we have to do in conveyancing matters, though there may be one or two matters where it will be clear from the outset that considerably more work is going to be involved and then we shall give you a reliable estimate as to what you may have to pay. Otherwise, you can by and large go on the figures in the below schedule.
Registered Freehold Residential Land
Value of Property Sale Purchase
To £125,000 £900.00 (£750 + £150 VAT) £960.00 (£800 + £160 VAT)
£125,001 - £250,000 £1140.00 (£950 + £190 VAT) £1320.00 £1100 + £220 VAT)
£250,001 - £350,000 £1380.00 (£1150 + £230 VAT £1560.00 (£1300 + £260 VAT)
£350,001 - £600,000 £1980.00 (£1650 + £330 VAT) £2100.00 (£1750.00 + £350 VAT)
£600,001 - £850,000 £2340.00 (£1950 + £390 VAT) £2520.00 (£2100 + £420 VAT)
£850,001 - £1,000.000 £2700.00 (£2250 + £450 VAT) £3000.00 (£2500 + £500 VAT)
Over £1,000,000 £POA £POA
Electronic transfer of monies fees £48.00 each (£40 + £8 VAT)
Anti Money Laundering (AML), Identity Verification and Source of Funds £36,00 per person (£30 + £6 VAT)
VAT is currently charged at 20%
For sales or purchases of Registered Leasehold Titles and Unregistered Land please note we charge an additional sum of £600.00 (£500 +£100 VAT) in view of the additional work involved on such matters
In addition to our fees, there will be disbursements:
Property Searches
On a Sale - Land Registry Office Copy Entries are £7.20 each (£6 +£1.20 VAT) for the Register and Plan as charged by the Land Registry. Some times other Land Registry Documents are required.
On purchase - Land Registry Registration fees and Stamp Duty Land Tax will vary according to the value of the property. We generally ask for £350 up front on account of costs to cover the price of property searches. The price will vary depending on what searches are required but this can be established quite early on and will be included in our retainer letter.
Post Completion on purchase where Stamp Duty Land Tax applies, has become an area of complexity and sometimes specialist advice is required as to which we will obtain an estimate as to the processing costs involved.
On Conveyancing matters that fail to complete we limit our costs to £450 + VAT per aborted matter.
That's it!
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