Fees In Respect of Residential Conveyancing

Freehold purchase

Our fees cover all of the work required to complete the purchase of your new home, including submitting searches, checking the title, acting for your mortgagee (if applicable), dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty).

The following table shows an estimate of our usual fees involved in the purchase of a freehold property. However, in certain circumstances there may be additional work required or additional fees payable and in these circumstances we will inform you immediately outlining and explaining any additional costs. The fees which we charge are based on the value of the property you are purchasing.

Value of propertyOur legal fees (£)VAT(£)Total
Up to £100,000.00440.0088.00528.00
£100,001 – 150,000.00470.0094.00564.00
£150,001 – 250,000.00540.00108.00648.00
£250,001 – 400,000.00620.00124.00744.00
£400,001 – 500,000.00680.00136.00816.00
£500,001 – 1,000,000.00720.00144.00864.00
£1,000,000.00 onwardsP.O.AP.O.AP.O.A

Disbursements

There will also be additional fees in the form of disbursements, which are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process. An example of the disbursements which may be payable during the purchase of your property are as follows:-

Disbursement Fee
HM Land Registry feeDepends on the value of property. You can calculate the amount you need to pay using the land registry’s website https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Search fees£330.00 approximately but depends on location of property
Telegraphic Transfer fee£25.00 plus VAT
Stamp DutyThis depends on the purchase price of your property. You can calculate the amount you will need to pay using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Points to note

In the case of leasehold purchases we may charge an additional £150.00 plus VAT to cover the additional work incurred. There may also be further fees which you are required to pay such as:-

  • Notice of Transfer fee (which will be set out in the Lease);
  • Deed of Covenant fee (provided by the Management company);
  • Certificate of Compliance fee (confirmed upon receipt of the Lease)
  • Ground Rent and Service Charge apportionment (to be confirmed prior to completion upon receipt of the accounts)

In the case of unregistered properties we may charge an additional £100.00 plus VAT for the additional work incurred.

Freehold sale

Our fees cover all of the work required to complete the sale of your property including, obtaining title deeds from the Land Registry, issuing Contract documentation, responding to enquiries, completing, redeeming your mortgage (if applicable) and paying estate agents (if any).

The following table shows an estimate of our usual fees involved in the sale of a freehold property. However, in certain circumstances there may be additional work required or additional fees payable and in these circumstances we will inform you of these immediately outlining and explaining any additional costs. The fees which we charge are based on the value of the property you are selling.

Value of propertyOur legal fees (£)VAT(£)Total(£)
Up to £100,000.00 420.0084.00504.00
£100,001 – 150,000.00460.0092.00552.00
£150,001 – 250,000.00 520.00104.00624.00
£250,001 – 400,000.00595.00119.00714.00
£400,001 – 500,000.00650.00130.00780.00
£500,001 – 1,000,000.00720.00144.00864.00
£1,000,000.00 onwardsP.O.AP.O.AP.O.A

Disbursements

There will also be additional fees in the form of disbursements, which are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process. An example of the disbursements which may be payable during the sale of your property are as follows:-

Disbursement Fee
TT fee (if mortgage/charge to repay)£25.00 plus VAT (per mortgage/charge)
Official Copy Entries fee£12.00 ( may be slightly more)
Telegraphic Transfer fee£25.00 plus VAT
Stamp DutyThis depends on the purchase price of your property. You can calculate the amount you will need to pay using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Points to note

In the case of leasehold sales we may charge an additional £150.00 plus VAT to cover the additional work incurred. There may also be further fees which you are required to pay for example, to the Landlord/Management company.

In the case of unregistered properties we may charge an additional £100.00 plus VAT for the additional work incurred.

Please click the following link to see an example of our fees and the disbursements for a straightforward sale and purchase https://www.johnbromfield.co.uk/example-quote/

Timescale

The time it takes for your sale and/or purchase to complete will depend on a number of factors. Typically the process can take between 6-8 weeks from Contracts being issued. It can be quicker or slower, depending on the specific nature of your transaction.

Re-mortgages

Our fees for dealing with a re-mortgage will be £350 plus VAT and disbursements.

Please feel free to telephone us on 02476382343 for an individual quote tailored to your specific requirements