Pricing for Conveyancing

Purchase of a Commercial or 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, or other relevant taxes for properties elsewhere.

Conveyancing Fees



Residential:Commercial:
Fee Scale for Purchase (exclusive of VAT):

Purchase Price:

£0 – £500,000£950.00£1,100.00
£500,001 – £1,000,000£1,100.00£1,350.00
£1,000,001 and aboveTBCTBC


Acting for Lender each charge:£125.00£250.00
Leasehold fee/Purchase subject to Leasehold fee:£125.00£250.00
Help to buy/new build:£150.00
Bridging loan additional work fee:£350.00£500.00
Acting only for lender:£750.00£950.00
Redemption of mortgage:£125.00
ISA Bonus request:£50.00
Gift deed:£50.00



Fee Scale for Sale (exclusive of VAT):

Sale Price:

£0 – £500,000£950.00£1,100.00
£500,001 – £1,000,000£1,100.00£1,350.00
£1,000,001 and aboveTBCTBC



Redemption of existing Mortgage:£125.00£200.00
Leasehold – managing LPE1/Sale subject to Leasehold fee:£125.00£200.00



Commercial Leases:

Grant of New Lease:
£1,000.00
Assignment of Lease:
£1,200.00
Assignment of Lease and Business:
£1,500.00



Equity Transfer (No Charge):

£0 – £500,000£650.00
£500,000 – £1,000,000£850.00
£1,000,000 and aboveTBC



If Lender request required:£150.00



Remortgage:

£0 -£500,000£950.00
£500,001 – £1,000,000£1,100.00
£1,000,001 and aboveTBC



Lease Extension:£1,250.00



Our Fee for Incidentals:

Chaps Transfer (x1):£30.00
ID Checks (x1):£25.00
Admin Charges:£20.00



Disbursements:

Local Authority search:£250.00 – £350.00
OS1 search:£3.00
Bankruptcy:£2.00
Lawyer checker:£18.00
Company house charge registration:£15.00
Winding up search:£10.00
Land Registry fee:£45.00 – £500.00
Stamp duty:As per the value and assumptions



Miscellaneous:

Stat Dec:£5.00 (fixed, no VAT)
Witness a Deed:£25.00
ID 1:£50.00
ILA:£125.00
Certification (x1):£10.00

Disbursements


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. 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 below, but 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.

Anticipated Disbursements


These are additional disbursements that vary from property to property and can on occasion be significantly more than the ranges given below. We can give you an accurate figure once we have sight of your specific documents.

  • 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 provided by the management company for the property and can be difficult to estimate
  • Certificate of Compliance fee – to be confirmed upon receipt of the lease

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.

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. This will be additional to the fees quoted above. 

How Long Will My 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 – 12 weeks.

It can be quicker or slower, depending on factors such as for example: the number of parties in the chain, if you are a first-time buyer, purchasing a new build property with a mortgage in principle or if you are buying a leasehold property that requires an extension of the lease. In such situations additional charges would also apply that you can contact us to obtain a quote for.

Stages of the Process


The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages of work that we are likely to undertake:

  • Provide our initial advice and way forward
  • Check that the correct finances are in place to fund your purchase
  • Liaise with the lender’s solicitors if required
  • Advise on contract documents
  • Carry out relevant 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
  • 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

Our Estimated Fees Assume 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 disbursements may apply if indemnity policies are required

Other Conveyancing Work that We Do:


  • Sales of residential properties
  • Re-mortgages
  • Lease extensions
  • Transfer of equity
  • Commercial & Residential
  • Sale (leasehold, freehold, share of freehold) 
  • Purchase (leasehold, freehold, share of freehold) 
  • Re-mortgage 
  • Transfer of Equity
  • Deed of Trust
  • Help to buy 
  • Redemptions 
  • Leasehold extensions

Please contact us on 02078704870 for quotations if you require help with any of the areas we have mentioned.

Disclaimer

Law Lane Solicitors Ltd has provided the materials on this website for informational purposes only which does not, and cannot, constitute a legal advice. The use of this site does not create a lawyer-client relationship. Additionally, email or other communication with our representatives through this site should not be considered confidential or privileged.

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