Conveyancing Costs

Emily’s Experience:

Emily will assist you with the work required to purchase your new home or to sell an existing property.

More information about Emily is on the ‘About me’ page therefore please take a look to find out more.

Emily qualified as a solicitor in 2009. Her background was in General Practice which means she practiced all areas of law before starting up Celtic Law Ltd in 2017 and specialising in the areas of law she enjoys best, including Property Work.

Emily is highly skilled and has helped hundreds of clients to buy and sell their properties, whether freehold or leasehold. Emily will guide you through each stage of the process.

Emily conducts a thorough investigation of your title and the searches and will make sure you know the legalities of your new home inside and out.

Purchases:

Costs:

Prices are dependant on your property price. There is more work associated with a leasehold property and as such costs are higher. Please add your stamp duty or land tax to the totals and also note the additional out of pocket expenses associated with a leasehold 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.

Please select from the price range below. There are also disbursements which must be paid to complete the purchase. 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. You must then add the Stamp Duty or Land Tax to this total.

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. Please contact me if you need help.

Property Price Freehold Property Grand Total inc. VAT Leasehold Property Grand Total *
 

£0 – 80,000

 

£802.60

 

922.60

 

£80,000 – 100,000

 

£882.60

 

1,002.60

 

£100,001 – 200,000

 

£1,027.69

 

1,147.60

 

£200,001 – 300,000

 

£1,157.60

 

1,277.60

 

£300,001 – 400,000

 

£1,277.60

 

1,397.60

 

£400,001 – 500,000

 

£1,397.60

 

1,517.60

 

£500,000 – 750,000

 

£1,652.60

 

1,772.60

 

£750,000 – 950,000

 

£1,892.60

 

2,012.60

 *Leasehold Property additional Disbursements:

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £90 – 150 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 £90 and £150.
  • 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 £150 and £300 plus VAT
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 – 200.

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 and you may also need to pay ground rent and service charges up front. We will let you know all of this information once we have the paperwork.

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 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and X 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

Our fee assumes 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
  • this 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 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.

Sales:

When selling a property there are less out of pocket expenses and as such, the cost is less. If you are selling a second or investment property please ensure you have taken accountancy advice to confirm if there is any Capital Gains Tax to pay.

Property Price Legal Fees  exclusive of VAT* Title Deeds and Bank Transfer Fees Grand Total inc. VAT Freehold Gran Total inc. VAT Leasehold **
£0 – 80,000 £515 £32 £650 £770
£80,000 – 100,000  

£540

 

£32

 

£680

 

£800

£100,001 – 200,000  

£580

 

£32

 

£728

 

£848

£200,001 – 300,000  

£650

 

£32

 

£812

 

£932

 

£300,001 – 400,000  

£700

 

£32

 

£872

 

£932

£400,001 – 500,000  

£750

 

£32

 

£932

 

£1,052

£500,000 – 750,000  

£850

 

£32

 

£1,052

 

£1,172

£750,000 – 950,000  

£950

 

£32

 

£1,172

 

£1,292

 

*This estimate of the disbursements includes a budget of £20 for title deeds. If the title deeds refer to various deed, leases or other documents the cost may be more but I will advise you if we exceed this budget.

**Leasehold Property additional Disbursements:

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £90 – 150 plus VAT.
  • Landlord and/or Management Sales Pack fee – To be confirmed upon receipt of the lease, as can range between £200 – 500. You may be required to purchase one from both the landlord/freeholder and the management company if they are dealt with separately
  • You must make sure you are up to date with any ground rents and service charge payments before you sell.

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.

How long will my sale take?

How long it will take from your offer being accepted until you sell your property 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 and if your own onward purchase. For example, if you sell to a first time buyer, with a mortgage in principle, it could take 8 weeks.

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
  • Prepare contract documents
  • Obtain further planning documentation if required
  • Deal with any necessary enquiries raised by the buyer’s solicitor
  • Send final contract and transfer deed to you for signature
  • Agree completion date (date from which you sell the property)
  • Exchange contracts and notify you that this has happened
  • Complete purchase
  • Deal with payment of the mortgage and balance to you, or to your onward purchase as appropriate

Our fee assumes 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
  • this 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 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.