Residential Property & Conveyancing

Additional legal costs (all costs exclude VAT @ 20%)

There may be supplemental legal costs added to the above-mentioned fees and examples include (this is not an exhaustive list):

£40 fee for each bank transfer

£40 + VAT @ 20% electronic ID check fee

£350 + VAT @ 20% for a mortgage

If you have a leasehold transaction that involves a relevant or higher-risk building under the Building Safety Act 2022, any additional advice required will be charged on a time spent basis at £300.00 per hour plus VAT @ 20%.

The above-mentioned fees are estimated costs and not a quote. Our fees could be higher if more time is spent than originally envisaged due to complexities in the transaction or additional work.

Hourly Rates

Expenses

These are costs relating to your purchase that are payable to third parties. The typical expenses expected are:

£7 + VAT @ 20% for each Land Registry document

£20 – £1105 (no VAT) Land Registry registration fee

£390 + VAT @ 20% (approximately) for searches (environmental search, water and drainage search, Local Authority search)

For leasehold properties or freehold properties with managed communal parts, there may be additional fees to cover requirements such as a Deed of Covenant, Notice of Transfer, Notice of Charge and obtaining a new Share Certificate. These fees generally cost between £100-£450 + VAT @ 20%. These fees are dependent on the company that manages the building or estate.

For leasehold purchases, if you are buying a share in the freehold, there is a further Land Registry registration fee to pay which depends on the value of the freehold interest. If you are buying a share in a company that owns the freehold, there is usually a fee to transfer the share certificate and you should budget for about £100 (plus VAT @ 20%).

The Land Registry application fee is based on the value of the property. Please use the link to check
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-2-fees

The list of expenses is not exhaustive and other expenses may be payable depending on factors that arise during the purchase.

What our fee does not include

Our fee is based on certain assumptions and on the basis that:

• no associated work is required such as dealing with an unregistered title or a transfer of equity or a lease extension
• the matter proceeds in a simple and straight-forward manner and with the standard amount of contact with you, and lender that we would expect
• there are no unusual complexities. Examples of complexities that may arise include discrepancies in the title, adverse entries in the search results, dealing with multiple titles, time sensitivities or private drainage
• Our fees do not include dealing with a number or areas such as occupier’s consent forms, guarantees, gifted deposits or deeds of covenants. We charge extra for these and some other services.

Who will do the work for you?

We have a highly regarded team of solicitors, legal executives and paralegals who collectively have many years’ experience. We aim to provide you with clear and practical advice throughout and to work to your timescale wherever possible.

Additional legal costs (all costs exclude VAT @ 20%)

There may be supplemental legal costs added to the above-mentioned fees and examples include (this is not an exhaustive list):

£40 + VAT @ 20% for each bank transfer fee

£40 + VAT @ 20% electronic ID check fee

£250 + VAT @ 20% mortgage redemption fee

If you have a leasehold transaction that involves a relevant or higher-risk building under the Building Safety Act 2022, any additional advice required will be charged on a time spent basis at £300.00 per hour plus VAT @ 20%.

The above-mentioned fees are estimated costs and not a quote.  Our fees could be higher if more time is spent than originally envisaged due to complexities in the transaction or additional work.

Hourly Rates

Expenses

These are costs relating to your purchase that are payable to third parties. The typical disbursements expected are:

£7 + VAT @ 20%  for each Land Registry document

£350 – £500 + VAT @ 20% for a management pack

A management pack will need to be obtained for properties that are managed. The cost of this is dependent on the company providing the pack.

The list of expenses for a freehold or leasehold sale is not exhaustive and other expenses may be payable depending on factors that arise during the sale.

Indemnity Insurance policies. These are used to patch defects in titles. The price of a policy varies according to the value of the property and the nature of the defect.

What our fee does not include

Our fee is based on certain assumptions and on the basis that:

• no associated work is required such as dealing with an unregistered title or a lease extension
• the matter proceeds in a simple and straight-forward manner and with the standard amount of contact with you, and lender that we would expect
• there are no unusual complexities. Examples of complexities that may arise include discrepancies in the title, dealing with multiple titles or listed buildings
• Our fees do not include a number of areas including dealing with deeds of covenants, licences to assign, lease extensions, private drainage as we charge extra for these and some other services

Who will do the work for you?

We have a highly regarded team of solicitors, legal executives and paralegals who, collectively, have many years of experience. We aim to provide you with clear and practical advice throughout and to work to your timescale where possible.