GUIDANCE FOR CLIENTS ON FEES
No Property is exactly the same, and our fees will reflect the particular requirements of your Sale and Purchase. For example, dealing with a Listed Building, or a house in the countryside with additional land with rights of way over it, or a leasehold property, may because of the added complexities, cost more than dealing with a new freehold or a terraced property in an already built up area. Because of this, we can’t give you a reliable estimate of the cost of us helping you until we have details of your intended transaction. But our legal fees for conveyancing start from £850 plus VAT, plus disbursements (which are explained below) and the average price for a house purchase that does not have unexpected complications is £1,100 plus VAT. Of course, if one of our cases does have unexpected complications, we always inform you of that immediately, and would fully discuss the potential consequences of that before any extra charges were incurred
We give below an example of the cost of the purchase of a residential freehold property at a price of £200,000 and also some explanation of how those costs can vary, depending upon the individual circumstances or location of the Property
Our Legal Fees £850.00 VAT £170.00
Search Fees * £230.00 (estimated)
Land Registry Fees ** £95.00
Stamp Duty Land Tax*** £1500 **** (NIL – if first time buyer)
Transfer Fee £28.80
Total Cost (legal fees plus vat plus disbursement) £2,753.80
#Disbursements are costs related to your matter that are payable to third parties such as Land Registry Fees. We handle the payment of the disbursements on your behalf to ensure a smoother process
*Search fees include searches of the Local Authority; Environmental Search; Chancel Check Search; Water Search. Additional Searches may be required if, for example the Property is a listed building, or is situate in a former coal mining area.
** Land Registry Fees are on a scale which depends upon the value of the Property. We can calculate this for you without obligation
***Stamp Duty Land Tax is complicated and is not only calculated on the price paid for the Property but is subject to reliefs or even increases, depending upon individual circumstances or status of the Purchaser. 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. We can do this for you without obligation
**** Further concessions may apply until March 2021 due to the coronavirus pandemic
In the case of a purchase of a Leasehold House or Flat, our fees increase by £150.00 plus vat to enable us to deal with the additional administration involved. Also additional disbursements (paid to third parties) are likely to be incurred, of which we would advise you at the outset. These may include: Notice of Transfer Fee. This fee, if chargeable is set out in the Lease. Deed of Covenant Fee – this is provided by the management company for the Property and can be difficult to estimate often it is £50 to £100. These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can of course give you an accurate figure as soon as we receive your documents.
You should also be aware that ground rent and service charge are likely to apply throughout the ownership of the Property. We will confirm this to you and the implications just as soon as we receive your documents
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 5 to 8 weeks, depending upon for example, whether there is a chain, or whether you need a mortgage or if you are buying a new build.
Stages of the Process
*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 and check owners Title
*Carry out Searches
*Obtain further planning documents if required
*make any necessary enquiries of Sellers solicitors
*Give you advice on all documents and information received
*Go through conditions of mortgage offer with you
*send final contract to you for signature
*Agree Completion Date (date from which you will own the Property)
*Exchange Contracts and notify you that this has happened
*arrange for all monies needed to be received from lender and you
*Deal with Payment of Stamp Duty Land Tax
*Deal with application for registration at the Land Registry
Fee Earner Qualification and Experience
The Solicitor dealing with your case will be Raymond Green LLM, who has over 30 years experience in dealing with all aspects of residential conveyancing including freehold and leasehold flats and houses, smallholdings, historic listed buildings, barn conversions and newbuilds. Raymond is assisted by Solicitor Natalie Jones LLB MSC who has over four years experience working alongside Raymond and who has been trained in all aspects of residential conveyancing, Raymond is also assisted by Joanne Hunter a highly trained conveyancing secretary of over 15 years experience in the field of residential conveyancing and who also reports to Raymond, who is responsible for all work in the department
The process of moving house can be stressful and clients, especially those new to the process, often need sympathetic guidance at the outset, and throughout the transaction. Calls can be made to Raymond at any time on 07740 617900 who will cut through the jargon and give immediate, straightforward and helpful advice.
Contact our expert legal team.
Calls can be made to Raymond at any time on 07740 617900 who will give immediate sympathetic and straight forward advice.
As trusted legal advisers we will ensure that your matter is handled promptly, efficiently and in your best interests.