Fees

The fees set out below are a general guide. We can offer a more personalised quote if you telephone us and provide details of your circumstances and the property you wish to purchase or sell. We will, of course, minimise costs wherever possible without affecting the quality of service we provide. Our fees cover all of the work required to complete the purchase of your new home including dealing with registration at the Land Registry and the payment of Stamp Duty Land Tax (stamp duty), the amount payable depends on the buyers’ status under the new rules and the purchase price of the property.

Freehold Purchase

Costs will vary from £1800 (£1500 + VAT at 20%) to £3600 (£3000 + VAT at 20%), plus disbursements depending on the purchase price of the property. This includes all work from the start of the transaction to completion, when the monies are paid and the keys released to you. It is not possible to give an accurate time estimate but on average the time taken for these transactions, provided there are no unforeseen circumstances, will be around 8 weeks.

 Disbursements:-

-      ID/AML checks (if required) £14.40 (£12 + VAT at 20%)  

 -       Search fees – in the region of £300 (£250 + VAT at 20%)   depending on local authority fees, includes additional searches for drainage, environmental and plan search which we always recommend.

-       HM Land Registry fee is based on the value of the property. As we are electronically linked to the Land Registry and submit registrations online, the fee is 50% of the normal fee.

-       Money transfer fee - £36 (£30 + VAT at 20%) , this includes the Bank fee

-       There are no referral fees payable.

-       Stamp Duty online fee - £60 (£50 + VAT at 20%) 

-       Mortgage Lender fee - In addition, where you are obtaining a mortgage we can confirm that we act for the majority of main lenders avoiding the need for an additional solicitor being involved which would increase the cost could cause delays. There is a standard charge of £300 (£250 + VAT at 20%) for acting for the lender and registering the lenders mortgage on the property after completion.

 Freehold Sale

 Costs will vary from £1800 (£1500 + VAT at 20%) to £3600 (£3000 + VAT at 20%), plus disbursements depending on the purchase price of the property. This includes all work from the start of the transaction to exchanging contracts and completing the sale and releasing any monies due to you from the sale. t is not possible to give an accurate time estimate but we would hope the transaction could be completed in 6 to 10 weeks. Exchange of contracts and completion are on average 14 days apart.

Disbursements:-

-      ID/AML checks (if required) £14.40 (£12 + VAT at 20%)  

 -       Money transfer fee -  £36 (£30 + VAT at 20%) , this includes the Bank fee

-       Copies of Land Registry documents - £7 (£5.83 + VAT at 20%) , this includes the Bank fee per document

Leasehold Purchase

 If the property you are acquiring is leasehold or includes a share of the freehold our costs will be from £1980 (£1650 + VAT at 20%) to £4200 (£3500 + VAT at 20%) but this may also include carrying out any additional work such as dealing with a share of the freehold. This includes all work from the start of the transaction to completion, when the monies are paid and the keys released to you. In addition, there will be disbursements but these will depend on the purchase price. It is not possible to give an accurate time estimate but on average the time taken for these transactions, provided there are no unforeseen circumstances and is dependent on cooperation of all parties in the transaction, we would hope to Exchange contracts within 2 months from receiving instructions and papers from the sellers Solicitors; Completion would be 2 to 4 weeks afterwards.

 Disbursements:-

-      ID/AML checks (if required) £14.40 (£12 + VAT at 20%)  

 -       Search fees – in the region of £300 (£250 + VAT at 20%)   depending on local authority fees, includes additional searches for drainage, environmental and plan search which we always recommend.

-       HM Land Registry fee is based on the value of the property.  As we are electronically linked to the Land Registry and submit registrations online, the fee is 50% of the normal fee.

-       Money transfer fee -  £36 (£30 + VAT at 20%) , this includes the Bank fee

-       There are no referral fees payable.

-       Stamp Duty online fee  - £60 (£50 + VAT at 20%) 

-       Mortgage Lender fee - In addition, where you are obtaining a mortgage, we can confirm that we act for the majority of main lenders avoiding the need for an additional solicitor being involved which would increase the cost could cause delays. There is a standard charge of £300 (£250 + VAT at 20%)  for acting for the lender and registering the lenders mortgage on the property after completion.

Leasehold Sale

Costs will be from £1980 (£1650 + VAT at 20%) to £3600 (£3000 + VAT at 20%), plus disbursements depending on the purchase price of the property. This includes all work from the start of the transaction to exchanging contracts and completing the sale and releasing any monies due to you from the sale. It is not possible to give an accurate time estimate but will often take longer than a Freehold sale. We would hope the transaction could be completed in 6 to 10 weeks but much depends on the co-operation of Management Companies, if applicable, and Landlords. Exchange of contracts and completion are on average 14 days apart.

 Disbursements:-

-      ID/AML checks (if required) £14.40 (£12 + VAT at 20%)  

 -       Money transfer fee - £36 (£30 + VAT at 20%) , this includes the Bank fee

-       Copies of Land Registry documents - £7 (£5.83 + VAT at 20%) , this includes the Bank fee per document

-       If licence to assign is required from the landlords or management company there will be an extra fee payable of £180 (£150 + VAT at 20%) 

Re-mortgage

The fee for acting for yourself and the lender starts at £1074 (£895 + VAT at 20%), plus disbursements. We can often avoid carrying out additional searches by taking out an indemnity insurance thereby saving this cost of searches if the property is owned by you. The typical cost of the indemnity insurance is around £60 (£50 + VAT at 20%) , a saving of over £200 on doing additional searches. This is subject to the mortgage provider’s agreement.

These fees do vary from property to property and can on occasion be more than the ranges stated above but will always be on a fixed fee basis, and we can give an accurate figure when we have had sight of your specific documents, and in some cases the fees may be lower. This includes all work required by the Lenders in assigning a new mortgage on the property, reporting to the Lender as required, receiving monies and discharging any existing mortgage. This will usually take 6 weeks on average.