Sale or Purchase of Residential Property
We provide individual conveyancing services tailored to our clients’ particular needs and we provide fee quotations and information which are specific to each transaction.
Our fees for a typical property sale or purchase range from £645 + VAT for a freehold property (£845 + VAT for a leasehold property) for a simple transaction to around £1,045 + VAT for a substantial historic property, plus VAT. The figures are always based upon the property and the nature of the transaction and we appreciate that one size does not fit all. That is why we will always give you an individual cost estimate at the start of the transaction taking into account the actual features of your sale or purchase. We always advise you immediately about any complication and discuss the potential impact on price before any additional charges are incurred.
The complexity of your sale or purchase and location of the property will determine which conveyancer in our team will work on your matter.
Our fees estimates 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. We aim to be completely transparent about our pricing and will never include hidden or “add-on” charges.
We provide a service where our clients can be reassured that they will be able to contact their conveyancer and know what is happening throughout the transaction. We strongly believe that our fees offer good value for money.
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 smoothe process.
• Search fees vary depending where the property is situated. In a straightforward purchase you should budget for £400 – £450 (including VAT)
• HM Land Registry fee – this depends on the price of the property or value of the interest transferred – please use the link to the Land Registry website
• Electronic money transfer fee £35 per transfer (plus VAT) – we need to refer to this as our administration fee and not a bank charge
Additional anticipated disbursements for Leasehold properties
• Fee for acting on behalf of the mortgage lender – We do not make a separate charge for acting for the lender
• Notice of Transfer fee – This fee if chargeable is set out in the lease. Usually the fee is between £40 and £200 + VAT
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Usually the fee is between £40 and £200 + VAT
• Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Usually the fee is between £100 and £200 + VAT
• Certificate of Compliance fee – To be confirmed upon receipt of the lease. Usually the fee is between £100 and £200 + VAT
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property and on your particular circumstances (for example, there are reliefs available for first time buyers and additional SDLT for second homes). You can calculate the amount you will need to pay by using HMRC 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 home will depend on a number of factors. The average process takes between 6-8 weeks. It can be quicker or slower, depending on the parties in the chain and the facts of the case. We will always work to progress transactions as quickly as possible and we will do all we can to achieve your proposed timescales.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to your individual circumstances. However, below are the key stages that most transactions take:
• Take your instructions and give you initial advice
• Check finances are in place to fund the purchase and contact the 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
• Draft transfer
• Advise you 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
• Complete purchase
• Deal with payment of Stamp Duty Land Tax
• Deal with application for registration at Land Registry
In Andover, our Residential Conveyancing team members are Angelique Richards and Sue Shaw.
In Salisbury, our Conveyancing team consists of Michelle Cooper-Gray