Price Information for
Purchases, Sales & Re-Mortage
We have below set out the price information followed by the key stages involved in a sale, a purchase and a re-mortgage.
WHAT OUR FEES INCLUDE?
Our residential conveyancing fees cover all the work required to complete the sale of your property or the purchase of your new property. With a purchase/re-mortgage/transfer of equity this includes dealing with registration of the property 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 if the property you wish to buy is in Wales. In a sale this also includes paying your estate agents fees and redeeming the mortgage(s) (if applicable).
There are also disbursements payable, these are payable to third parties; examples; such as searches, stamp duty and Land Registry fees.
The level of Stamp Duty you pay 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.
HOW LONG WILL IT TAKE?
How long a transaction takes from start to finish depends on the type of transaction and a number of factors some which are outside of our control. However, on average the process can take between 6-12 weeks from instructions to completion.
If you are buying a new build property you will generally be expected to exchange contracts within 28 days and completion will take place once the property is built and ready for occupation.
The average process for a re-mortgage is approximately 4-8 weeks.
OUR FEES
Our fee assumes;
- 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
- If leasehold; that it is the assignment of an existing lease and is not the grant of a new lease
- The transaction is concluded in a timely manner and no unforeseen complications 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
Please note if it transpires your transaction is not standard and becomes unexpectedly complex or protracted then additional fees may become applicable. You will find a non-exhaustive list of additional fees below.
PURCHASE – PRICE & SERVICES INFORMATON
*Non-refundable admin fee of £150 plus VAT
| PRICE | £ |
| Up to £300, 000 | 999 |
| £301,000 to £400,000 | 999 |
| £401,000 to £500,000 | 1199 |
| £501,000 to £600,000 | 1399 |
| £601,000 to £700,000 | 1599 |
| £701,000 to £800,000 | 1899 |
| £801,000 to £950,000 | 2099 |
| Above £951,000 | Price on enquiry |
*Subject to VAT
*Please note if it transpires your transaction is not standard and becomes unexpectedly complex or protracted then additional fees may become applicable. You will find a non-exhaustive list of additional fees below.
Disbursements (payable to third parties)
| Stamp Duty Land Tax – This is calculated on the purchase price of your property | This depends on the purchase price of the property. You can calculate the amount by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website. |
| Land Registry registration fee | This fee is based on the purchase price of the property. The fee is between £20.00 and £910.00. See link for Land Registry prices https://www.gov.uk/guidance/hm-land-registry-registration-services-fees |
| Land Registry Search Fees | £3 |
| Land Charges Search – per name | £2 |
| Electronic ID Check –per name | £95.00 |
| Notice of transfer fee ( if leasehold) | This fee is set out in the Lease. Often the fee is between £50.00 and £300.00 |
| Notice of charge fee ( if leasehold) | This fee is set out in the Lease. Often the fee is between £50.00 and £300.00 |
| Deed of covenant fee ( if leasehold) | This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £200.00 and £300.00 |
| Certificate of compliance fee ( if leasehold) | To be confirmed upon receipt of the Lease. It can range from between £100.00 and £300.00 |
| Indemnity Insurance policy (if required) | The premium for this policy will depend on the risk required to be covered and the price paid for the property |
Key Stages
The stages involved in the purchase of a residential property depend upon the circumstances of the transaction. The following is a brief list of the key stages involved in a purchase:
- Taking your instructions and providing you with initial advice
- Checking that your finances are in place to fund the purchase and contacting the lender’s solicitors (if separately represented)
- Receiving and advising you on the contract documentation
- Carrying out searches
- Obtaining any relevant planning permissions or other documents revealed in the local search
- Making any necessary enquiries of the seller’s solicitors
- Reviewing the conditions of your mortgage offer
- Providing you with advice on all documents and information received
- Providing you with the documents required for signature to include the Contract, Mortgage Deed, etc.
- Agreeing a completion date – this will be the date on which you complete your purchase
- Exchanging contracts and notifying you that this has happened
- Carrying out pre-completion searches at the Land Registry
- Arranging for all funds required from your lender and from you to be requested
- Completing the purchase on the completion date
- Dealing with the submission of the Land Transaction Return to HMRC and paying the Stamp Duty Land Tax due
- Serving notice of transfer/charge on the managing agents/landlord to advise them that you are the new owner
- Dealing with the application for registration at the Land Registry
SALE – PRICE AND SERVICES INFORMATION
*Non-refundable admin fee of £150 plus VAT
| PRICE | £ |
| Up to £300, 000 | 999 |
| £301,000 to £400,000 | 999 |
| £401,000 to £500,000 | 1199 |
| £501,000 to £600,000 | 1399 |
| £601,000 to £700,000 | 1599 |
| £701,000 to £800,000 | 1899 |
| £801,000 to £950,000 | 2099 |
| Above £951,000 | Price on enquiry |
*Subject to VAT
*Please note if it transpires your transaction is not standard and becomes unexpectedly complex or protracted then additional fees may become applicable. You will find a non-exhaustive list of additional fees below.
Disbursements (payable to third parties)
| Land Registry fees for copy title documents | This fee will be dependent on how many documents are required. The fees are between £6.00 and £24.00 |
| Managing Agent’s/Landlord’s fee for management pack | This fee is provided by the managing agents/landlord and can be difficult to estimate. Often it is between £200.00 and £600.00 |
| 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 £200.00 and £300.00 |
| Indemnity Insurance Policy (if required) | The premium for this policy will depend on the risk required to be covered and the price paid for the property |
| Electronic ID Check –per name | 95 |
Key Stages
The stages involved in the sale of a residential property depend upon the circumstances of the transaction. The following is a brief list of the key stages involved in a sale:
- Taking your instructions and providing you with initial advice
- Preparing the contract documentation and providing the same to the buyer’s conveyancer
- Obtaining any relevant planning permissions or other documents relating to the property
- Obtaining a management pack from the managing agents (if leasehold)
- Receiving the buyer’s conveyancer’s enquiries, advising you on these and assisting you with your replies
- Providing you with the documents required for signature to include the Contract, Transfer Deed and any other required documents
- Agreeing a completion date – this will be the date on which you complete your sale
- Exchanging contracts and notifying you that this has happened
- Completing the sale on the completion date
- Redeeming any existing mortgages on the property
- Settling your estate agent’s commission
RE-MORTGAGE – PRICE AND SERVICES INFORMATION
*Non-refundable admin fee of £150 plus VAT
| VALUE | £ |
| Up to £500,000 | 699 |
| £501,000 to £700,000 | 999 |
| £701,000 to £900,000 | 1099 |
| Above £901,000 | Price on enquiry |
*Subject to VAT
*Please note if it transpires your transaction is not standard and becomes unexpectedly complex or protracted then additional fees may become applicable. You will find a non-exhaustive list of additional fees below.
Disbursements (payable to third parties)
| Land Registry registration fee | This fee is based on the re-mortgage sum for the property. The fee is between £20.00 and £550.00. See link for Land Registry prices |
| Land Registry pre-completion searches | The priority search fee is £3.00 per title and bankruptcy searches are £2.00 per person |
| Notice of transfer fee | This fee is set out in the Lease. Often the fee is between £50.00 and £300.00 |
| Notice of charge fee | This fee is set out in the Lease. Often the fee is between £50.00 and £300.00 |
| 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 £200.00 and £300.00 |
| Indemnity Insurance Policy (if required) | The premium for this policy will depend on the risk required to be covered and the price paid for the property |
| Electronic ID Check –per name | 95 |
The Key Stages
The precise stages involved in a re-mortgage of a residential property vary according to the circumstances. However, the key stages we will need to carry out for your re-mortgage are:
- Take your instructions and give you initial advice
- Obtain copies of and investigate title to the property on behalf of the mortgage lender
- Carry out searches (or obtain search insurance)
- Report to you on the mortgage offer
- Request mortgage funds
- Complete your re-mortgage
- Deal with application for registration at Land Registry
Additional Fees – If Applicable
Please, note below are the list of additional fees that may become chargeable depending on the nature of your case. The ones highlighted in bold are the more frequently incurred additional fees
Additional Fees that may be applicable to Leasehold properties:
| DESCRIPTION | £ CHARGE (plus VAT) |
| Search Pack Related Fees- Managing, Analysing & Reporting | 450 |
| Extension of lease term (where the landlord has already agreed)i.e. deed of surrender and re-grant | 1500 |
| Deed of variation (this is an estimate and could be less or moredepending on the terms of the variation) | 1500 |
| Deed of Covenant | 275 |
| Grant of a new lease | 750 |
| Purchasing/selling Share of freehold | 375 |
| Leasehold Fee (this may already be included in the initial quote) | 375 |
| License to assign | 375 |
| Investigating neighbouring lease (maisonette) (purchase only) | 250 |
| Cross over leases (purchase only) | 250 |
| Prepare and service of notice of assignment (purchase only) | 150 |
| Prepare and service of notice of charge (purchase only) | 150 |
| Service deed / Compliance certificate | 275 |
| Administering service charge retentions | 499 |
| Shared Ownership Leases | 450 |
| Dealing with obtaining a share in a Management Company | 275 |
Additional Fees that may be applicable to Freehold properties:
The following charges are likely to apply if there is a management company or resident’s association that deal with common areas such as maintenance of a private road.
| DESCRIPTION | £ CHARGE (plus VAT) |
| Dealing with Resident’s Association/Management company in freehold transaction | 350 |
| Service deed / Compliance certificate (purchase only) | 275 |
| Prepare and service of notice of assignment (purchase only) | 150 |
| Prepare and service of notice of charge (purchase only) | 150 |
Additional Fees that may be applicable in any transaction:
These are the additional fees that may become chargeable irrespective of whether or not the property is leasehold or freehold:
| DESCRIPTION | £ CHARGE (plus VAT) |
| Acting on behalf of Lender | 350 – 400 |
| Dealing with Lender’s Solicitors | 350 |
| Acting for Lender in Redeeming the mortgage | 355 |
| Non Refundable Admin | 150 |
| International AML checks for foreign clients | 450 |
| Transfer of equity | 699 |
| Dealing with Bankruptcy entries against client’s name (purchase only) | 175 |
| Declaration of Solvency | 275 |
| Deed of gift | 350 |
| Dealing with a restriction on your property (this is an estimate and could be less or more depending on the nature of the restriction) | 350 |
| Dealing with your Lender’s solicitors regarding repossession prior to commencement of any proceedings (sale or remortgage only) | 350 |
| Per additional charge registered against property that is required to be redeemed (sale or remortgage only) | 350 |
| SDLT advice | 750 |
| Unregistered Land | 850 |
| Assignment of an agreement for sale | 500 |
| Deed of Postponement of a charge | 250 |
| Deed of postponement/consent re adult occupier (purchase or remortgage only) | 50 |
| To deal with late completions | 350 |
| To deal with Islamic Mortgages | 850 – 1500 |
| To deal with defective title | 400 |
| To deal with indemnity insurance | 225 |
| To deal with declaration of trust | 750 – 1,000 |
| If property is being sold by a mortgagee | 375 |
| To deal with unsecured borrowing on further advance | 200 |
| Dealing with matrimonial issues (this is an estimate and could be less or more depending on the nature of the issue(s) involved) | 450 – 950 |
| Bridging loans | 850 – 1,500 |
| Statutory declaration and any disclaimer/waivers (this is an estimate and could be less or more depending on the contents of the declaration) | 250-500 |
| Dealing via power of attorney | 350 – 550 |
| Drafting/approving Tenancy Agreement (BUY TO LET) | 150 |
| Dead of easement (this is an estimate and could be less or more depending on the nature of the easement) | 500 |
| Cheque stopped at customers request | 40 |
| Cheque returned unpaid | 40 |
| Auction purchase | 500 – 1,500 |
| Purchase/Sale via PR / administrator / company | 350 – 950 |
| Expedition fees – if less than 10 clear (not including the day of exchange and day of completion) working days between exchange and completion | 525 |
| Newly built property/plot | 450 – 950 |
| Retirement Property | 500 |
| Right to buy property | 450 |
| Dealing with porting a mortgage/ flexible mortgage | 250 – 550 |
| SDLT fee | 50 |
| Dealing with Local Authority Charges | 175 |
| Adding or Removing a party to the transaction | 175 |
| Resending Contracts & Title Deeds | 250 |
| Buy to Let Mortgage (this is in addition to the mortgagee fee) | 150 |
| Checking Home Buyer’s Valuation Report | 500 |
| Upgrading Title | 300 |
| Help to Buy | 550 |
| Splitting Title/Land | 2,500 – 3,500 |
| Additional piece of land purchase | 850 – 1,500 |
| Dealing with landlord under Building Safety Act 2022 | 750 |
* The above list is a non-exhaustive list and if there are any additional fees we feel that you may incur we will inform you in advance. In addition to our legal fees for some of the items above you may incur additional disbursement(s) such as Land Registry fees. However, we will inform you accordingly.
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Fax: 0208 181 6299
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info@qconveyancing.com
Office Location
Quality Conveyancing, Ealing Cross, 1st Floor, 85 Uxbridge Road, London W5 5BW
Directors and Licensed Conveyancers: Brinda Nicholson & Jayshree Chudasama | Company Registration Number: 7566902 (Registered office address is the same as the trading address) “Quality Conveyancing” is the trading name of Quality Conveyancing Limited | Regulated by the Council for Licensed Conveyancers (CLC Practice No. 11359)
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