Conveyancing Fees

Below are some starting prices as every transaction differs depending on the property you are buying or selling. Please be aware that you are not obliged to use the Solicitor that is recommended by your Mortgage Lender/Bank or Estate Agent. Our conveyancing staff have many years of experience with dealing with these transactions so give us a call, you may be pleasantly surprised!

These fees vary from property to property and can on occasion be significantly more than the amounts given below.

OUR CONVEYANCING FEES

Purchase of a FREEHOLD residential property

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England.

Conveyancers fees and disbursements on a standard transaction:-

  • Legal fee starting from £525 plus VAT (fee calculated depending on purchase price)
  • SDLT fee £60 plus VAT
  • HM Land Registry administration fee £10.00 plus VAT
  • ID checks £10.00 plus VAT each
  • Telegraphic money transfer fee £20 plus VAT each
  • VAT @ 20% on our fees £125

Estimated subtotal starting from £625.00 plus £125 VAT

Sale of a FREEHOLD residential property

Our fees cover all the work required to complete the sale of your old home, including redeeming your mortgage and paying your estate agents out of the proceeds of your sale.

Conveyancers fees and disbursements on a standard transaction:-

  • Legal fee starting from £525 plus VAT (fee calculated depending on purchase price)
  • HM Land Registry administration fee £10.00 plus VAT
  • ID check £10.00 plus VAT each
  • Telegraphic money transfer fee £20 plus VAT each
  • VAT @ 20% on our fees £113.00

Estimated subtotal starting from £565.00 plus £113 VAT

Purchase of a LEASEHOLD residential property

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England.

Conveyancers fees and disbursements on a standard transaction:-

  • Legal fee starting from £525 plus VAT (fee calculated depending on purchase price)
  • SDLT fee £60 plus VAT
  • HM Land Registry administration fee £10.00 plus VAT
  • ID checks £10.00 plus VAT
  • Telegraphic money transfer fee £20 plus VAT
  • Leasehold fee £195.00 plus VAT each
  • VAT @ 20% on our fees £164.00

Estimated subtotal starting from £820 plus £164 VAT

Leasehold purchases are often more complicated than the freehold purchases and additional disbursements, such as, Notice of Assignment fees (payable to the Landlord) and Management Packs to be provided by the Management Company or Companies which may vary in price depending on the company.

Sale of a LEASEHOLD residential property

Our fees cover all the work required to complete the sale of your old home, including redeeming your mortgage and paying your estate agents out of the proceeds of your sale.

Conveyancers fees and disbursements on a standard transaction:-

  • Legal fee starting from £525 plus VAT (fee calculated depending on purchase price)
  • HM Land Registry administration fee £10.00 plus VAT
  • ID Check £10.00 plus VAT each
  • Telegraphic money transfer fee £20 plus VAT each
  • Leasehold fee £195.00 plus VAT
  • VAT @ 20% on our fees £152.00

Estimated subtotal starting from £760.00 plus £152 VAT

Re-Mortgate of FREEHOLD or LEASEHOLD residential property

Conveyancers fees and disbursements on a standard transaction*:-

  • Legal fee starting from £300 plus VAT (depending on the mortgage figure)
  • HM Land Registry administration fee £10.00 plus VAT
  • Electronic money transfer fee £20 plus VAT each
  • Add for Leasehold £100.00 plus VAT

Estimated subtotal starting from £330 plus £68 VAT – FREEHOLD

Estimated subtotal starting from £430 plus £88 VAT – LEASEHOLD

FURTHER POTENTIAL ADDITIONAL CHARGES

Newbuild fee of £200.00 plus  £40.00 VAT

Non-Mainstream Mortgage fee of £175.00 plus £35.00 VAT

Help to buy fee of £50.00 plus £10.00 VAT

DISBURSEMENTS IN RESPECT OF THE ABOVE

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. For example some range from:-

  • Search fee £203.54
  • Office copies minium of £6.00
  • Land registry searches from £3 – £26.40
  • HM Land Registry fee (see table below)

Additional Anticipated Disbursements for Leasehold

  • Notice of Transfer fee – This fee if chargeable is set out in the lease.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease.
  • Deed of Covenant fee – This fee is decided by the management company for the property  
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease

There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately above. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

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

Land Registry Fees

This depends on the purchase price of your property.

0 – £80,000.00 = £20.00

£80,001 – £100,000 = £40.00

£100,001 – £200,000 = £95.00

£200,001 – £500,00 = £135.00

£500,001 – £1,00,000 = £270.00

£1,000,000 & over = £450.00

Stamp Duty Fees

This depends on the purchase price of your property.

HOW LONG WILL MY HOUSE PURCHASE/SALE 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 6-8 weeks on Purchase and 5-7 weeks on a sale.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take longer. If you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.

STAGES OF THE PROCESS

The precise stages involved in the purchase/sale of a residential property vary according to the circumstances. The stages will be discussed with you throughout your matter, you can also sign up to our 24hr online Track-a-Matter portal to see the progress of your matter.

 Some solicitors pay referral fees to estate agents. At Goodwin Cowley we don’t because we do not believe that is always in our client’s best interest. 

* Our fee assumes that:

  1. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  2. this is the assignment of an existing lease and is not the grant of a new lease
  3. the transaction is concluded in a timely manner and no unforeseen complication arise
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

 

The Goodwin Cowley conveyancing team is currently made up of:-

A conveyancing fee-earner (QBE – 20 years of experience working in residential conveyancing)

A trainee Legal Executive (Who has 5 years of experience in residential conveyancing)

A team legal secretary (who has 35 years of experience working in residential conveyancing)

The team is supervised by the Head of Residential Conveyancing (a Qualified Solicitor of over 12 years)