Our below fee covers all of the work required to complete the purchase of your new home, including acting for a lender, dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Conveyancer’s fees and expenses
- Legal fee* from £550 plus VAT
- Fee for arranging an electronic bank transfer £30.00 plus VAT
- Search fees from £225
- HM Land Registry fee from £95
Expenses are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of these on your behalf to ensure a smoother process.
In addition to the payment of our fees and the expenses you may need to pay SDLT/Land Tax. The amount of tax that you will need to pay depends on your circumstances. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.
How long will my property purchase take?
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. On average the process takes between 8 – 10 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 4 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges would apply.
Stages of the purchase process
The precise stages involved in the purchase of a residential property vary according to the circumstances. The key stages are detailed below:
- Take your instructions and give you initial advice
- Receive the Contract documents
- Carry out searches
- Make any necessary enquiries of seller’s solicitor
- Go through the conditions of the Mortgage Offer
- Give you advice on all documents and information received
- Advise you on joint ownership
- Send the Contract to you for signature
- Agree a completion date (date from which you own the property)
- Exchange Contracts and notify you that this has happened
- Draft the Transfer Deed
- Arrange for all monies needed to be received from both the lender and you
- Obtain pre-completion searches
- Complete the purchase
- Deal with the payment of SDLT/Land Tax
- Deal with the application for registration at Land Registry
Who will act on my behalf?
Currently there are 5 people in our Property Department that may undertake this work for you. If you refer to the “Our Team” page on our website you can see details of their qualifications and experience. Our Partners, Nicola Baddick and Ann Harris, who are both Solicitors, work within our Property Department and they supervise all work undertaken in the Department.
*Our fee assumes that:
- this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
- the transaction is concluded in a timely manner and no unforeseen complications arise.
- all the parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
- no Indemnity Policies are required. Additional disbursements may apply if Indemnity Policies are required.