Real Estate: Selling, Buying Or Re-Mortgaging Residential Property

OUR RANGE OF FEES FOR ACTING ON A SALE OF PROPERTY

Set out below are the ranges of our basic legal fees for standard transactions for dealing with the sale of residential property. The fees are based on the value of the property. Please note these fees do not include where your property is leasehold or the cost of office copies from the Land Registry the details of which can be found further down the page.

For leasehold properties there is an additional charge of £410 +VAT @ 20%.
In addition, there will be a fee for obtaining Office Copies of your legal title from the Land Registry. Freehold = £12.60 and Leasehold = £25.20.

OUR RANGE OF FEES FOR ACTING ON THE PURCHASE OF A PROPERTY

Set out below are the ranges of our basic legal fees for standard transactions for dealing with the purchase of residential property. The fees are based on the value of the property. Please note these fees do not include disbursements which may be payable and the details of which can be found further down the page.

For leasehold properties there is an additional charge of £410 +VAT @ 20%.
Searches for purchases £360 & Chancel Indemnity £20 (if required).

The exact final cost will depend on the complexity of the matter, the number of individuals involved in the transaction and whether the property is freehold or leasehold.

We will handle the full process for you, liaising with estate agents, your broker and other third parties involved in the matter.

Disbursements (being payments to third parties) are not included in the above legal fees for a house purchase. We cannot include all of them as some will only apply depending on the circumstances but and those which will be necessary are:

• HM Land Registry fee – from £20 to £270 which depends on the property value.
• Estate agency fees.
• Other small Land Registry payments – ranging from £3 on a sale to £20 on a purchase.
• Stamp Duty – this is paid on a purchase and is dependent upon the value of the property. Please visit stampdutycalculator.org.uk for details.

Additional costs

Occasionally additional costs are incurred during a matter which we could not have foreseen at the outset. A full list of the cost of those Additional Items can be found here.

How long will it take?

On average, a standard freehold sale or purchase will take 10-12 weeks and a standard leasehold matter will take on average 12-14 weeks. In the case of a purchase, these dates are estimated from receipt of Contract documentation from the Seller’s Solicitors.

OUR RANGE OF FEES FOR DEALING WITH TRANSFERS OF EQUITY AND RE-MORTGAGES

Set out below are the ranges of our basic legal fees for standard transactions for dealing with a re-mortgage or the transfer of equity of residential property. The fees are based on the value of the property. Please note these fees do not include disbursements which may be payable and the details of which can be found further down the page.

Disbursements (being payments to third parties) and other costs include bank transfer fees (if applicable), title documents, minimal HM Land Registry searches, HM Land Registry fee ranging from £20 to £125 (dependent on the value of the re-mortgage or money paid for the transfer, or both) and occasionally searches (as set out above for purchase of a property) or a no search indemnity policy costing around £35.

OUR RANGE OF FEES FOR PROVIDING INDEPENDENT LEGAL ADVICE

OUR REAL ESTATE TEAM