Price Guide

All costs information given here is general and we will give more personalised information later when a full quote is requested.

We are required to provide basic price information on our website in respect of residential conveyancing and this is listed below, However, every matter is different and we would encourage you to telephone us for a free no obligation conversation about your move and we can then email you a comprehensive quote based on your individual circumstances.

Purchase of a 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, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

The following fee estimate is based on the purchase of a freehold property in Basingstoke at a price of £250,000.00, £500,000.00 and £750,000.00.  Our fees will vary depending on the sale price of the property and also the specifics of your particular transaction.  The search fees will vary according to the local authority and which searches are required which will depend on the property.  The Land Registry fee will vary depending on the value of the property and also whether or not the property is already registered.

Purchase Price: £250K

Legal fees £900

Search fees £250 (approx.)

HM Land Registry fee £135

Electronic funds transfer fee £30

VAT payable £186

Estimated total: £1,501.00

 

Purchase Price: £500K

Legal fees £1,000

Search fees £250 (approx.)

HM Land Registry fee £135

Electronic funds transfer fee £30

VAT payable £206

Estimated total: £1,621.00

 

Purchase Price: £750K

Legal fees £1,050

Search fees £250 (approx.)

HM Land Registry fee £135

Electronic funds transfer fee £30

VAT payable £216

Estimated total: £1,681.00

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.

If the property that you are purchasing is leasehold then our fees would include a further £120 (inc. VAT) for the additional work required.  Along with this, there would be fees to pay to the freeholder to register you as the new owner which will vary on every matter but are typically as follows:

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50-150.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50 and £150 and is the same amount as the notice of transfer fee.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £200 and £500.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 and £500.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge 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.

If you require any additional documents such as a Declaration of Trust or similar then there will be additional fees incurred.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. 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 here..

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 8-12 weeks.

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 4-6 weeks to exchange of contracts. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • 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
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • 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 own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Sale of a residential Property

Our fees cover all of the work required to complete the sale of your new home.

The following estimate is based on the sale of a freehold property valued at around £250,000.00

Sale Price: £250K

Legal fees £900

Funds transfer fee £30*

VAT payable £186

Copies of your deeds from the Land Registry £6

Estimated total: £1,122.00

Sale Price: £500K

Legal fees £1,000

Funds transfer fee £30*

VAT payable £206

Copies of your deeds from the Land Registry £6

Estimated total: £1,242.00

Sale Price: £750K

Legal fees £1,050

Funds transfer fee £30*

VAT payable £216

Copies of your deeds from the Land Registry £6

Estimated total: £1,302.00

*Should you require funds transmitted to your account electronically then there will be an addition £36 (inc. VAT) fee for each additional funds transfer.

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.

If the property that you are selling is leasehold then our fees would include a further £120 (inc. VAT) for the additional work required.  Along with this, there would be fees to pay to the freeholder to provide a sales pack which will vary on every matter but are typically in the region of £250-£350.

How long will my house sale take?

How long it will take from you accepting an offer until you complete on the sale of your house will depend on a number of factors. The average process takes between 8-12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer with a mortgage in principle, it could take 6 weeks. However, if you are selling to someone at the bottom of a 10 deal chain, this can take significantly longer, between 3 and 5 months.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Preparing and issuing the draft contract
  • Responding to any enquiries from the buyers solicitor
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you will no longer own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from buyers solicitors
  • Complete the sale and redeem any mortgage

Mortgage or Remortgage of a residential property

Our fees cover all of the work required to complete the new mortgage of your home, including dealing with registration at the Land Registry.

The following fee estimate is based on a mortgage of a freehold property for £200,000.00.  Our fees will vary depending on the specifics of your particular transaction.  The search fees will vary according to the local authority and which searches are required which will depend on the property.  The Land Registry fee will vary depending on the value of the mortgage and also whether or not the property is already registered.

Our fees and disbursements

  • Legal fee £600
  • Search fees £250 (approx.)*
  • HM Land Registry fee £40
  • Electronic money transfer fee £30
  • VAT payable £126

Estimated total: £1,046.00

*Where possible we will purchase insurance instead of searches which usually costs in the region of £30-£40 reducing the total cost to £836.

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.

If the property that you are purchasing is leasehold then there would be fees to pay to the freeholder to obtain information and register the new charge:

  • Notice of Charge fee – This fee is set out in the lease. Often the fee is between £50 and £150.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 and £500.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

If you require any additional documents such as a Declaration of Trust or similar then there will be additional fees incurred.

People dealing

  • Simon Pook heads the Residential Property Team. Simon is a Chartered Legal Executive and an experienced conveyancer. He has undertaken conveyancing for over 20 years and spends all of his time on conveyancing matters.
  • Marie Pym is a conveyancer in the Residential Property Team.  Marie is an experienced conveyancer who has undertaken conveyancing for many years and spends all of her time on conveyancing matters.
  • Rebecca Ham is a conveyancer in the Residential Property Team.  Rebecca is an experienced conveyancer who has undertaken conveyancing for many years and spends all of her time on conveyancing matters.