Residential Conveyancing – price transparency
Residential Conveyancing is the legal process of purchasing or selling a residential property. We have a specialist team of residential property lawyers and support staff to guide you through your conveyancing transaction whether that is a house sale, house purchase, re-mortgage, equity release or something more specialist.
We understand that you will have some key questions before you decide which law firm you would like to handle your case, including:
What is the process going to cost us?
How long will it take?
Can I speak to the actual lawyer dealing with my case?
Our fees
We have a clear pricing structure for our conveyancing services. The basis of our charges are fixed fees.
Our online conveyancing calculator can be found by clicking here where you can obtain a clear estimate of our legal charges and the disbursements (a disbursement is a payment we make to a third party on your behalf) for your case.
If, however, you would prefer to speak to one of our lawyers, then please contact us on 01388 881 611 and we are happy to talk you through our charges and any queries you may have.
Timescales & Key Stages
The average timescale for house sale or purchase is somewhere between six to eight weeks. If there is a chain of buyers and sellers involved, that might increase to twelve weeks, on average.
It is impossible to be precise about how long your transaction will take because there are several factors which may impact upon timescales, including, for example:
- Availability or desired dates by another party to the transaction or within the chain;
- Outcome of the survey and any remedial works;
- Awaiting mortgage offer(s).
We do have experienced lawyers who can guide you through your transaction and advise you if anything comes up which may affect your desired timescale.
Please see below a table of the key stages of a property sale and purchase
Our conveyancing fees below include the following work;
| Sale | Purchase |
|---|
| Obtaining your Instructions | Obtaining your Instructions |
|---|---|
| Preparing the draft contract | Approval of the draft contract |
| Deducing legal title | Approval of the legal title and advice to you |
| Answering reasonable enquiries raised by the Buyer’s solicitors | Carrying out searches and reviewing results |
| Approval of the Transfer Deed | Raising enquiries of the Seller’s solicitor |
| Exchange of contracts | Preparing the transfer deed and advising on joint ownership (if applicable) |
| Completion | Preparing and advising upon the mortgage deed (if relevant) |
| Repaying your mortgage (if relevant) | Exchange of Contracts |
| Completion | |
| Submission of your Stamp Duty return to HMRC | |
| Registration at HM Land Registry |
Current Fee Scales
Sale
| Price From | Price To | Legal Service Fee | ||
|---|---|---|---|---|
| Net | VAT | Gross | ||
| £0 |
£100,000 |
£495.00 |
20% |
£594.00 |
|
£100,001 |
£200,000 |
£595.00 |
20% |
£714.00 |
|
£200,001 |
£300,000 |
£650.00 |
20% |
£780.00 |
|
£300,001 |
£400,000 |
£695.00 |
20% |
£834.00 |
|
£400,001 |
£500,000 |
£795.00 |
20% |
£954.00 |
|
£500,001 |
£600,000 |
£850.00 |
20% |
£1020.00 |
|
£600,001 |
£700,000 |
£950.00 |
20% |
£1140.00 |
Purchase
| Price From | Price To | Legal Service Fee | ||
|---|---|---|---|---|
| Net | VAT | Gross | ||
| £0 | £100,000 |
£550.00 |
20% |
£660.00 |
| £100,001 | £200,000 |
£650.00 |
20% |
£780.00 |
| £200,001 | £300,000 |
£750.00 |
20% |
£900.00 |
| £300,001 | £400,000 |
£850.00 |
20% |
£1020.00 |
| £400,001 | £500,000 |
£950.00 |
20% |
£1140.00 |
| £500,001 | £600,000 |
£1,050.00 |
20% |
£1260.00 |
| £600,001 | £700,000 |
£1,150.00 |
20% |
£1380.00 |
Remortgage
|
Price From |
Price To |
Legal Service Fee |
||
|---|---|---|---|---|
| Net | VAT | Gross | ||
|
£0 |
£100,000 |
£495.00 |
20% |
£594.00 |
|
£100,001 |
£200,000 |
£550.00 |
20% |
£660.00 |
Additional £75.00 + VAT (20% =£90.00) if Transfer of Equity
Additional Fees - Sales
| Fee Name | NET | VAT | GROSS | Fee Type |
|---|
| Bank Charge | £15.00 | 20% VAT | £18.00 | Third-Party Disbursements |
| Bank Transfer Fee | £15.00 | 20% VAT | £18.00 | Professional Charges |
| Office Copies | £7.00 | ZERO VAT | £7.00 | Professional Charges |
| Leasehold Fee | £250.00 | 20% VAT | £300.00 | Professional Charges |
Additional Fees - Purchases
| Fee Name | NET | VAT | GROSS | Fee Type |
|---|
| Help to Buy Fee | £150.00 | 20% VAT | £180.00 | Professional Charges |
| New Build | £200.00 | 20% VAT | £240.00 | Professional Charges |
| Bank Charge | £15.00 | 20% VAT | £18.00 | Third-Party Disbursements |
| Bank Transfer Fee | £15.00 | 20% VAT | £18.00 | Professional Charges |
| Standard Search Pack | £194.58 | 20% VAT | £233.50 | Third-Party Disbursements |
| New Build Search Pack | £145.42 | 20% VAT | £172.50 | Third-Party Disbursements |
| Land Registry Search | £7.00 | ZERO VAT | £7.00 | Third-Party Disbursements |
| Bankruptcy Search (per person) | £6.00 | ZERO VAT | £6.00 | Third-Party Disbursements |
| Leasehold Fee | £250.00 | 20% VAT | £300.00 | Professional Charges |
| Help to Buy ISA | £50.00 | 20% VAT | £60.00 | Professional Charges |
| SDLT Refund | £50.00 | 20% VAT | £60.00 | Professional Charges |
Additional Fees - Remortgages
| Fee Name | NET | VAT | GROSS | Fee Type |
|---|
| Search Insurance | TBC | 20% VAT | TBC | Third-Party Disbursements |
| Bankruptcy Search (per person) | £6.00 | ZERO VAT | £6.00 | Third-Party Disbursements |
| Land Registry Search | £7.00 | ZERO VAT | £7.00 | Third-Party Disbursements |
Additional Fees - New Purchase
| Fee Name | NET | VAT | GROSS | Fee Type |
|---|
| Help to Buy Fee | £150.00 | 20% VAT | £180.00 | Professional Charges |
| Bank Charge | £15.00 | 20% VAT | £18.00 | Third-Party Disbursements |
| Bank Transfer Fee | £15.00 | 20% VAT | £18.00 | Professional Charges |
| New Build Search Pack | £145.42 | 20% VAT | £174.50 | Third-Party Disbursements |
| Land Registry Search | £7.00 | ZERO VAT | £7.00 | Third-Party Disbursements |
| Bankruptcy Search (per person) | £6.00 | ZERO VAT | £6.00 | Third-Party Disbursements |
| Help to Buy ISA | £50.00 | 20% VAT | £60.00 | Professional Charges |
Our fees for the above services in each case are in anticipation of the conveyancing transaction proceeding on a standard expected basis.
If there are any unexpected additional fees may apply, please see the schedule of non-standard charges below.
| Fee Name | NET | VAT | GROSS | Other Fees |
|---|
| Redemption of Second or Subsequent Mortgages | £75.00 | 20%VAT | £90.00 | |
| Redemption of a Charging Order | £150.00 | 20%VAT | £180.00 | |
| Bank Transfers | £30.00 | 20%VAT | £36.00 | |
| Assisting with Help to Buy ISA | £50.00 | 20%VAT | £60.00 | |
| Arrangement of Indemnity Insurance | £50.00 | 20%VAT | £60.00 | Plus insurance premium |
| Arrangement of Bespoke Indemnity Insurance | £100.00 | 20%VAT | £120.00 | |
| Preparing a Statuary Declaration or Statement of Truth | £95.00 | 20%VAT | £114.00 | |
| Obtaining Historic Planning Documents/ Building Regulation documents (or related documents) | £10.00 | 20%VAT | £12.00 | |
| Obtaining a copy of FENSA Certificates | £10.00 | 20%VAT | £12.00 | Plus FENSA charge |
| Transfer of a Guarantee (per guarantee) | £50.00 | 20%VAT | £60.00 | |
| First Registration of Land | £100.00 | 20%VAT | £120.00 | Plus Land Registry Fee |
| Verifying the Identity and Source of Funds of a Third Party (I.e. making a gift towards the purchase price of a property) | £50.00 | 20%VAT | £60.00 | |
| Preparing a Declaration of Trust | £150.00 | 20%VAT | £180.00 | |
| Preparing a Private Legal Mortgage/Charge/Loan Agreement | £200.00 | 20%VAT | £240.00 | |
| Preparing a Deed of Covenant | £150.00 | 20%VAT | £180.00 | |
| Preparing Application Forms to Register or Cancel a Standard Restriction | £95.00 | 20%VAT | £114.00 | Plus Land Registry Fee |
| Preparing a Notice of Assignment and/or Charge | £50.00 | 20%VAT | £60.00 | |
| An Application for Adverse Possession of Land (if uncontested by any third party) | £200.00 | 20%VAT | £240.00 | Plus Land Registry Fee |
| Upgrade Title | £75.00 | 20%VAT | £90.00 |
Our Lawyers
We pride ourselves on our personal service at Smith Roddam Solicitors. Your lawyer will deal with your case personally, assisted by their dedicated legal secretary and in each case, you will have their names and contact details, including email.
We hope that this information page assists you with your decision and that you will entrust us to handle your case. If there is anything at all you would like to ask us or discuss, then please do not hesitate to contact us.