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Conveyancing Costs Information

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

 

Legal fees

Our legal fees are based on a sliding scale dependent on the market value of the property and the transaction type as set out below. 

It should be noted we do not charge any hidden extras or additional “add on” costs for dealing with lenders or third party management companies.

 

Sale Transactions

Property Value

Fees *

£10,000 – 100,000

£575.00 plus VAT

£100,001 – 150,000

£650.00 plus VAT

£150,001 – 200,000

£700.00 plus VAT

£200,001 – 250,000

£800.00 plus VAT

£250,001 – 500,000

£900.00 plus VAT

£500,001 – 750,000

£1000.00 plus VAT

£750,001 – 1 million

£1500.00 plus VAT

£1 million – 2 million

£2500.00 plus VAT

£2 million plus

£3500.00 plus VAT (minimum)

* If the property is Leasehold an extra fee of £175.00 plus VAT will be added

 

Purchase Transactions

Property Value

Fees *  **

£10,000 – 100,000

£575.00 plus VAT

£100,001 – 150,000

£700.00 plus VAT

£150,001 – 200,000

£750.00 plus VAT

£200,001 – 250,000

£775.00 plus VAT

£250,001 – 300,000

£850.00 plus VAT

£300,001 – 350,000

£925.00 plus VAT

£350,001 – 500,000

£1000.00 plus VAT

£500,001 – 750,000

£1400.00 plus VAT

£750,001 – 1 million

£1700.00 plus VAT

£1 million plus

£2500.00 plus VAT (minimum)

£2 million plus

£3500.00 plus VAT (minimum)

*If the property is Leasehold or Newbuild an extra fee of £200.00 plus VAT will to be added

**If the property is purchased under the Help to Buy Scheme an extra £125.00 plus VAT will be added.

 

Remortgage or First Legal Mortgage Transactions

Property Value

Fees *

£10,000 – 100,000

£525.00 plus VAT

£100,001 – 150,000

£700.00 plus VAT

£150,001 – 200,000

£750.00 plus VAT

£200,001 – 250,000

£800.00 plus VAT

£250,001 – 500,000

£850.00 plus VAT

£500,001 – 750,000

£900.00 plus VAT

£750,001 – 1 million

£1000.00 plus VAT

£1 million – 2 million

£2000.00 plus VAT

£2 million plus

£2500.00 plus VAT (minimum)

*If the property is Leasehold an extra £100.00 plus vat is to be added

 

Disbursements

In addition to our legal fees, disbursements are payable. 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. 

Disbursements for a typical sale, purchase or remortgage would be as follows:

 

Sale Transactions

Land Registry fees for copies of your deeds

£9.00 (freehold) or £15.00 (leasehold)

Electronic Money Transfer Fee (to discharge mortgage (if applicable))

£42.00 (£35.00 plus VAT)

Electronic Money Transfer Fee (to send proceeds of sale to you)

£42.00 (£35.00 plus VAT)

 

Purchase Transactions

Search Fees (for local, water and drainage and environmental searches)

£350.00 inclusive of VAT (approximately)

Pre-Completion Searches – Property

£3.00

Pre-Completion Searches – Bankruptcy (applicable for buyers taking a mortgage)

£2.00 per person

Land Registry Registration Fee

This is calculated on a sliding scale; the Land Registry’s fee calculator is available here here

Electronic Money Transfer Fee

£42.00 (£35.00 plus VAT)

 

Remortgage or Charge Transactions

Land Registry fees for copy title deeds

£9.00 (freehold) or £15 (leasehold)

Pre-Completion Searches – Property

£3.00

Pre-Completion Searches – Bankruptcy

£2.00 per person

Search fees for Indemnity

£350 (approximately and including VAT)

Land Registry Registration Fee

This is calculated on a sliding scale; the Land Registry’s fee calculator is available here here

Electronic money transfer fee

£42.00 (£35.00 Plus VAT)

 
Legal fees and disbursements are set out above on the basis that:
  • 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 
  • the transaction is concluded in a timely manner and no unforeseen complication arise
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • no indemnity policies are required. Additional fees and disbursements may apply if indemnity policies are required.

At present we do not pay referral fees to any selling agents on transactions.

 

Stamp Duty Land Tax (on purchases)

Stamp Duty Land Tax may be payable on property purchase. This depends on the purchase price of your property and the status of the buyers. You can calculate the amount you will need to pay by using the calculator on HMRC’s website which you can access here.

 

Estimated Total Cost

For a detailed estimate please contact us with the property address and market value and transaction details as search fees vary depending on where the property is located.

For your information, we have set out below an example of an average conveyancing purchase of a leasehold apartment at £200,000.00 within the South Northamptonshire local authority area and purchased with the assistance of a mortgage. The apartment is not newly built and is to be purchased by two individuals who are both first time buyers.This example covers all the legal work required to complete the purchase of the leasehold apartment, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax.

 

Conveyancer’s fees and disbursements

Legal Fees

£925.00  (VATABLE)

Search Fees

£261.70  (VATABLE)

Pre-Completion Searches

£7.00

Land Registry Fee

£95.00

Stamp Duty Land Tax

£0.00

Electronic Money Transfer Fee

£35.00   (VATABLE)

VAT payable

£244.34

Total Legal Fees & Disbursements

£1568.04

 

Other third party costs on leasehold property transactions

These fees vary from property to property and can on occasion be significantly more or less than the ranges given above. We can give you an accurate figure once we have had sight of the lease and made enquiries with the Landlord and \ or Management Company.

 

Purchases

  • Notice of Transfer fee – this fee, if chargeable, is set out in the lease. Often the fee is between £50 to £200 plus VAT.
  • 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 to £200 plus VAT.
  • Deed of Covenant fee – this fee is set by the Landlord / Management Company for the property and can be difficult to estimate. Often the fee is between £100 to £250 plus VAT.
  • Certificate of Compliance fee (if applicable) – to be confirmed upon receipt of the lease and title documents. Often the fee is between £50 to £300 plus VAT.

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

 

Sales

  • Leasehold Information Pack fee – this fee is set by the Landlord / Management Company for the property and can be difficult to estimate. Often the fee is between £100 to £250 plus VAT.
  • Licence to Assign fee (if required under the terms of the Lease) – this fee is set by the Landlord / Management Company for the property and can be difficult to estimate. Often the fee is between £100 to £250 plus VAT.
 

FREQUENTLY ASKED QUESTIONS

 

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 6 – 8 weeks for a standard freehold house purchase or sale and can take 6 – 12 weeks for a standard leasehold flat purchase or sale.

It can be quicker or slower, depending on the number of parties in the chain. For example, if you are a first time buyer, purchasing a new build property where the property is structurally complete, with a mortgage in principle, it could take 4 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer sometimes up to 6 months due to the lease extension.  Additional charges would apply where the lease extension is required.

 

What are the stages involved in the conveyancing?

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below is a brief synopsis of the stages and our role in the transaction;

  • Take your instructions and give initial advice and quote
  • Verify identification
  • Check finances are in place to fund purchase
  • Receive or submit and advise on contract documents
  • Carry out and advise on searches
  • Make any necessary enquiries of seller or buyers solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Draft and \ or approve legal documents
  • Meet with you to advise and sign the contract and transfer documents
  • Advise on joint ownership
  • Obtain pre-completion searches
  • 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 or buyers solicitors
  • Complete sale or purchase
  • Deal with post completion formalities (eg on purchase payment of Stamp Duty Land Tax and Registration of your purchase at the Land Registry

 

Authorised and regulated by the Solicitors Regulation Authority (SRA ID: 389678). Max Engel is the trading name of Max Engel & Co LLP a limited liability partnership (Members: R E Engel, H L Carville and S G Lawson) registered in England, registered number: OC 305962. Registered office: 8 Hazelwood Road, Northampton NN1 1lP. VAT Number: 119 4485 55.

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T: 01604 887450
E: info@maxengel.co.uk