Residential Conveyancing – Purchase Legal Fees

PURCHASE – FREEHOLD – FIXED FEE AS BELOW

Up to £100,000 – £750.00 plus VAT at 20% = £900 and any additional Expenses 

£100,001 to £200,000 – £800.00 plus VAT at 20% = £960 and any additional Expenses 

£200,001 to £250,000 – £850.00 plus VAT at 20% = £1020 and any additional Expenses

£250,001 to £350,000 – £900.00 plus VAT at 20% = £1080 and any additional Expenses

£350,001 to £500,000 – £975.00 plus VAT at 20% = £1170 and any additional Expenses

£500,001 to £1,000,000 – £1350.00 plus VAT at 20% = £1620 and any additional Expenses

£1,000,000.01 to £1,200,000.00 – £1500.00 plus VAT at 20% = £1800 and any additional Expenses

Please see “Additional Fees” to see if you will be incurring any additional fees during the conveyancing process.

PURCHASE – LEASEHOLD – FIXED FEE AS BELOW

Up to £100,000 – £850.00 plus VAT at 20% = £870 and any additional Expenses

£100,001 to £200,000 – £900.00 plus VAT at 20% = £1080 and any additional Expenses

£200,001 to £250,000 – £925.00 plus VAT at 20% = £1110 and any additional Expenses

£250,001 to £350,000 – £950.00 plus VAT at 20% = £1140 and any additional Expenses

£350,001 to £500,000 – £1075.00 plus VAT at 20% = £1290 and any additional Expenses

£500,001 to £1,000,000.00 – £1450.00 plus VAT at 20% = £1740 and any additional Expenses

£1,000,000.01 to £1,200,000.00 – £1600.00 plus VAT at 20% = £1920 and any additional Expenses

Our legal fees (not including VAT or expenses) stated above (depending on the type of transaction and additional work involved (see details of additional fees) include undertaking the necessary Money Laundering Regulations checks, checking through the legal title and contract documents for the property which is being purchased, raising all necessary enquiries, carrying out the relevant searches on the property. Carrying out any necessary further checks, and then reporting to you on the legal title, contract documentation and searches.   If you are obtaining a mortgage, then the fees include reporting to you on the mortgage offer and checking that the basic details of the mortgage offer are correct.  These fees also include completing any necessary Land Transaction Return form (Stamp Duty form) to HMRC. Once the matter has completed we will then arrange for your ownership of the Property to be registered at HMLR together with any relevant mortgage.  Once the registration has completed, we will send you the completed application for your records.

Purchase Expenses

• Local Searches – £87 (Fixed Fee) (Could vary depending on the council)
• Water & Drainage – £24 (Fixed Fee) (Could vary depending on the Water Authority)
• Environmental Searches – £65 (Fixed Fee) (Could vary depending on the area)
• Mining Searches – £52.20 (Fixed Fee)
• Chancel Searches(if required) – £15.79 (Fixed Fee)
• Land Registry Search – £8.40 (inc VAT) (Fixed Fee) per document
• Bankruptcy Search – £7.20 (inc VAT) (Fixed Fee) per name searched
• Thirdfort Identity check – £20.34 (inc VAT) (Fixed Fee) per name searched
• Lawyer Check – £12.00 (+VAT) (Fixed Fee) (if the purchaser is a company) (fee will be £15 to £50 + VAT)
• Bank Fee – £36.00 (inc VAT) (Fixed Fee) per money transfer 
• File opening Fee – £42.00 (inc VAT) (Fixed Fee)
• Company Search (if buyer is a Company) – £18.00 (inc VAT) (Fixed Fee)
• Source of funds check £19.53 (ine VAT)

If a mortgage is being obtained to assist with the purchase, then some lenders only require some searches to be carried and some searches are optional.  Please speak to a Conveyancer directly and they can advise further as to which searches are mandatory.

Some mortgage lenders also accept No Search Indemnity Insurance. Please speak to a Conveyancer directly regarding this. 

HM Land registration fees depend on the Purchase Price and will be advised at the time of instruction.

Stamp Duty: In accordance with the government’s current stamp duty levels- will be advised.

Link to calculate stamp duty

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro

ADDITIONAL FEES WHICH MAY BE INCURRED

IF ANY OF THE FOLLOWING ADDITIONAL WORK IS REQUIRED

Unregistered Title – £150 Plus VAT at 20% = £180

Dealing with lenders Solicitors if any – £200 Plus VAT at 20% = £240

Deed of postponement- £75 Plus VAT at 20% = £90

Dealing with drafting a deed of covenant – £75 Plus VAT at 20% = £90

Shared Ownership- £75 Plus VAT at 20% = £90

Dealing with drafting a declaration of trust  £125 Plus VAT at 20% = £150

Help to buy ISA bonus administration (per person)   £50 Plus VAT at 20% = £60

Dealing with a licence to occupy -£100 Plus VAT at 20% = £120

Dealing with a notice to complete -£150 Plus VAT at 20% = £180

New build purchase -£75 Plus VAT at 20% = £90

Help to buy/equity mortgage  £125 Plus VAT at 20% = £150

Land registration fees These Fees are FIxed and Correct as of 1st of January 2024

• £0-£80,000 – £20.00 (Unregistered/Transfer of part/New Lease/New Builds) – £45.00
• £80,001-£100,000 – £40.00 (Unregistered/Transfer of part/New Lease/New Builds) – £95.00
• £100,001-£200,000 – £100.00 (Unregistered/Transfer of part/New Lease/New Builds) – £230.00
• £200,001-£500,000 – £150.00 (Unregistered/Transfer of part/New Lease/New Builds) – £330.00
• £500,000-£1,000,000 – £295.00 (Unregistered/Transfer of part/New Lease/New Builds) – £655.00
• £1000,001 and Over – £500.00 (Unregistered/Transfer of part/New Lease/New Builds) – £1,105.00

These fees can be reviewed by the land registry department annually you can check the most up to date fess from the link below

Https://fee-calculator.landregistry.gov.uk/

These fees will be higher if the property is a new build purchase, registration of a new lease or a first registration at HM Land Registry of the Property.