Conveyancing Fee Scale

Residential Conveyancing Transparency in Price and Service.

Residential Conveyancing Transparency in Price and Service

Sale Fee Scale and Important Information

Fees for residential dwelling house

Additional Supplements

Supplements that will appear on every quote

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Where a referral fee is paid to a third party, this fee is paid by ourselves up to a maximum of £75 + VAT without any cost to yourselves.

Disbursements (Including VAT)

If we find any additional expenses need to be incurred after we have considered the contract, searches and title documents, we shall let you know the reason for the extra expense, the likely amount, and when we shall need payment. If this transaction does not proceed to completion then our charges will be a minimum of £100+VAT plus any disbursements and the maximum charge will not exceed our quoted fee and will be based on the amount of work undertaken on your behalf.

The precise stages involved in the sale of a residential property vary according to the circumstances. However, a brief outline is as follows:

• Take your detailed instructions
• Obtaining Deeds and up to date Land Registry details
• Preparing and submitting draft Contract with standard Law Society protocol Property Information forms
• Replying to standard preliminary enquiries
• Effecting Exchange of Contracts and receipt of deposit
• Deducting Title
• Approving draft Transfer and arranging for this to be signed by you in readiness for completion
• Replying to Requisitions on Title and preparing Completion Statement
• Obtaining redemption figures on First Charge
• Completing the sale and collecting the proceeds
• Redeeming First Charge and sending confirmation of the Discharge to the Buyers Solicitor
• Paying your Estate Agent
• Preparing Completion Statement and accounting to you the net proceeds of the sale

How long will my house sale take?

The average process takes between 8-12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer, selling a new build property, it could take 10 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

What Is Not Included In Our Quoted Fees

• Settling fees to Lender for release of deeds
• Dealing with a second Charge or subsequent Charges
• Work relating to the release of Collateral security
• Obtaining Retrospective Consents for Planning Permission, Building Regulations, Restrictive Covenants or similar or obtaining Indemnity Insurance in respect of any of these
• Obtaining Good Leasehold Title or Absentee Landlord Indemnity Insurance
• Enhancing title by Statutory Declaration or similar
• Boundary disputes or joint driveway problems

Purchase Fee Scale And Important Information

Fees for the purchase of a dwelling house

Supplements

Supplements that will appear on every quote

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Where a referral fee is paid to a third party, this fee is paid by ourselves up to a maximum of £75 + VAT without any cost to yourselves.

On the purchase of a Leasehold dwelling house or flat there are certain disbursements which will be set out in the individual lease and or the freeholders management pack relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the terms of the lease and or the freeholders management pack. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Anticipated Disbursements*

• Notice of Transfer fee – This fee if chargeable is set out in the lease and or the freeholders management pack. Often the fee is between £50- £300.
• Notice of Charge fee (if the property is to be mortgaged) – Often the fee is between £50 and £300.
• Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100 And £250.
• Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £50 – £350.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

In a Leasehold property, you should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Disbursements (Including VAT)

If we find any additional expenses need to be incurred after we have considered the contract, searches and title documents, we shall let you know the reason for the extra expense, the likely amount, and when we shall need payment. If this transaction does not proceed to completion then our charges will be a minimum of £100+VAT plus any disbursements and the maximum charge will not exceed our quoted fee and will be based on the amount of work undertaken on your behalf.

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, a brief outline is as follows:

• Take your instructions and give you initial advice
• Check finances are in place to fund purchase and contact lender's solicitors if needed
• Receive and advise on contract documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller's solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer
• Send final contract to you for signature
• Draft Transfer
• Advise you on joint ownership
• Obtain pre-completion searches
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will my house 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. The average process takes between 8-12 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

What Is Not Included In Our Quoted Fees

• Second or subsequent charges
• Collateral Security
• Arranging buildings or life insurance
• Obtaining or pursuing Retrospective Consents for Planning Permission, Building Regulations, restrictive covenants or similar or obtaining Indemnity Insurance in respect of any of these
• Obtaining Good Leasehold Title Indemnity or Absentee Landlord Indemnity Insurance
• Dealing with separate Lender’s Solicitors
• Enhancing Title by Statutory Declaration or similar
• Boundary disputes or joint driveway problems

If a specific item listed above comes up on your matter we will advise you before proceeding. We will endeavour to give specific quotations or any additional fees which may arise when we can, but this may not always be possible if the additional time involved cannot be accurately assessed.

Mortgage And Re-mortgage Fee Scale And Important Information

Fees for mortgage

Fees for re-mortgage

Supplements

Supplements that will appear on every quote

Disbursements (Including VAT)

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Where a referral fee is paid to a third party, this fee is paid by ourselves up to a maximum of £75 + VAT without any cost to yourselves.

How long will my re-mortgage take?

How long it will take from your mortgage application being approved will depend on a number of factors. The average process takes up to 4 weeks once the mortgage offer has been received.

What Is Included In The Quoted Fee

• Taking your detailed instructions
• Perusing and advising on:
• Mortgage offer
• Submitting Local, Mining and Drainage searches and checking results
• Liaising on completion date
• Preparing:
• Certificate of Title to Lender
• Mortgage Deed
• Completion Statement
• Notice of Assignment and/or Mortgage
• Submitting pre-completion searches at H M Land Registry
• Collecting funds from you and Lender
• Effecting Completion and notifying you and Lender
• Preparing and submitting Land Registry application
• Dealing with Land Registry requisitions
• Sending Land or Charge Certificate and Deeds to you or Lender

What Is Not Included In The Quoted Fee

• Additional work required by special conditions of Mortgage Offer
• Second or subsequent Charges
• Collateral security
• Arranging buildings or life insurance
• Dealing with separate Lender’s Solicitors
• Completing Stamp Duty Land Tax Return (standard fee £45.00 + vat)

We will endeavour to give specific quotations for any additional fees which may arise where we can, but this may not always be possible if the additional time involved cannot be accurately assessed.