Conveyancing estimated fees for freehold properties (assuming there are no title problems)

• £150,000 to £400,000 our fees £1,500 to £2,000 plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) plus disbursements not attracting VAT, such as stamp duty, land registry fees.
• We charge for abortive transactions.
• £401,000 to £850,000 our fees £2,000 to £2,500 plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) plus disbursements not attracting VAT, such as stamp duty, land registry fees.
• £851,000 to £2,000,000 our fees £2,950 to £3,950 plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) plus disbursements not attracting VAT, such as stamp duty, land registry fees.

 

Conveyancing estimated fees for residential leasehold for all leases over 80 years minimum terms to run on the lease (assuming there are no title problems)

• £150,000 to £400,000 our fees £1,900 to £2,500 plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) plus any Landlord Management fees plus VAT (currently 20%) plus disbursements not attracting VAT, such as stamp duty, land registry fees.
• £401,000 to £850,000 our fees £3,500 plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) plus any Landlord Management fees plus VAT (currently 20%) plus disbursements not attracting VAT, such as stamp duty, land registry fees.
• £851,000 to £2,000,000 our fees £5,000 to £6,000plus VAT (currently 20%) plus disbursements (what we must pay on your behalf) such as Local search and water search fees environmental search (if instructed to carry out that search plus VAT at 20% (where appropriate) us any Landlord

If there are extensive enquiries raised or compliance problems with the Building Safety Act and compliance or problems with the terns of lease requiring amendments, we reserve the right to increase our fees, but we will give you notice of this if the problem arises.

 

Landlord fees and Management fees plus VAT on leasehold properties are disbursements that need to be paid for them to complete and LPE1 and answer additional questions on leasehold properties.(currently 20%) plus disbursements not attracting VAT, such as stamp duty, land registry.

 

The above fees are estimates and we reserved the right to charge additional fees plus VAT (currently at 20%) once we have seen the documentation and we will set out those fees in our terms of business, as it is not possible to estimate all fees.

We also charge additional fees for each bank transfer payment of £45.00 plus Vat (currently at 20%) and a charge of £150 plus VAT currently at 20% for dealing with a stamp duty land tax return.

All references to VAT are currently 20% but if that rate should change then the new rate shall be substituted for the rate of 20% stated.

The above fees are the average or range of costs and are estimates not inflexible quotations,

It is impossible to give you an estimate of all fees where the transactions are complex or unusual, for example where a trust is required, or problems with the title, in these cases we reserve the right to give you notice of any increase in fees and provide an estimate plus VAT before the additional fees are incurred.

Howard J. Wilson will be responsible for the work and his hourly rates are £330 to £400 plus VAT currently at 20% for residential conveyancing, depending on the complexity of the case. He has over 40 years’ experience

 

Estimated Timescales

The Solicitors’ regulation authority require we give you timescales for the transaction(s) but any timescales are estimates and will depend upon the number of transactions in the chain, the time taken for each party to obtain a mortgage offer (where applicable) dealing with any title defects, such as planning problems, building regulation defects, gifted deposits, trusts, lasting powers, general powers of attorney, cladding, rights of way, easements, restrictive covenants, the list is endless. There could be other problems not seen when just looking at the property from the outside, Japanese knotweed, structural problems, pointed out by the surveyor, retentions, radon gas and a whole host of other potential dangers. There are frequently problems which are not under our control, but in the hands of other parties or agencies, such as banks. Conveyancing is more complex than it has ever been and must be carried out carefully, with attention to detail, care, and foresight of what has and may occur in the future. It should never be a transaction that is carried out for the lowest price at the fastest speed. Every transaction is unique, has its own characteristics and requires advice.

Subject to what we have set out above the approximation of the timetable and key stages of the case is:

Stage 1) Instructions

From instructions and completion of the terms of business completed instructions, completed property information, fixtures and fittings, identification checks, completed money laundering thorough checks and checks on identity of other parties, on sale a contract will be sent to buyer’s Solicitors within 7 days of this information being in place. On purchase we anticipate receiving contacts and evidence of title from the Seller Solicitor within 7 days of them making similar checks.

 

Stage 2) Exchange of Contracts

Subject to all parties in the chain being ready to exchange contract and complete with all enquiries being replies to, we anticipate being able to advise on title and exchange contracts and complete within 8 to 10 weeks of receiving completed instruction, to complete but not the completed registration. That is in the hands of the land registry. We will endeavour to proceed professionally with your transaction as rapidly as circumstances allow. The process can be unpredictable, and experience shows that the transaction will proceed to be able to exchange when everyone in the chain has their mortgage offer (if applicable) and clear relevant searches. The slowest in the chain dictates the timetable.

You must not make any financial commitment, give notice on a rented property, or book your removals in reliance upon any anticipated completion date until contracts have been exchanged and you must continue to pay your mortgage on any property you are selling right up to completion.

 

Stage 3) Completion

Within 7 to 14 days of exchange of contract unless the completion date is on notice with no fixed date as happens with new build properties.

 

Stage 4) Completion of Registration  

Stamp duty land tax should be paid on the date of completion and mist be paid within 14 day and it is the duty of the buyer to pay and complete the SDLT form. The buyer will usually instruct us to do that. The land registry application AP1 on purchase will usually be dealt with as soon as we receive the transfer on purchase from the Seller Solicitor or conveyancer. The completion of the land registry application will take as long as the land registry take, which is uncertain. The land registry say that they take about 4 to 6 weeks and creating a new register (transfer of part or new lease) take about 6 to 9 months. These transactions can all take longer than the timetable