Whilst it is now expected that a fixed price can be given for a straightforward transaction, there are many fees and costs which can arise making each case unique. In order to provide as much transparency as possible to prospective clients, we set out below some indicative bands based on past transactions. These give an idea of the fluctuations that can occur, however if you are unsure then please contact us directly and we can give you further pricing information specific to your case.
| Property Price Sales |
Fees |
|||
| £0-100k | £1300 | |||
| £101k-250k | £1800 | |||
| £251k-500k | £2900 | |||
| £501k-750k | £5000 | |||
| £751-1m | £8000 | |||
| £1m plus | By Negotiation |
| Property Price
Purchase |
Fees |
| £0-100k | £1500 |
| £101k-250k | £2100 |
| £251k-500k | £3200 |
| £501k-750k | £6000 |
| £751-1m | £8500 |
| £1m plus | By Negotiation |
- All the fees shown above are not subject to VAT. Vat where payable on disbursements will be charged at the prevailing rate, currently 20%.
- Fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you.
- For any properties over £1m please note that a bespoke estimate of costs will be provided.
Many factors determine the cost of a transaction, such as if the property is Leasehold, Freehold, New Build or Shared Ownership. Other determining factors can include Indemnity Policies, Lease Variations, Declarations of Trust and many others.
- To obtain an accurate conveyancing quotation bespoke to your transaction, please contact us directly.
Disbursements (In addition to our fees) Vat where payable on disbursements will be charged at the prevailing rate, currently 20%.
| · STAMP DUTY – Properties over £250,000 will attract Stamp Duty at the prevailing rates
(Does not apply to a sale of property) |
Please see links below. |
| · SEARCHES – From £275 (plus VAT)
· MINOR SEARCHES (Land Registry) – From £3 |
From £275 + VAT |
| · LAND REGISTRY FEES PAYABLE – From £40 (No VAT)
· STAMP DUTY LAND TAX – Completing return £200 (on purchases of property only) If you instruct us to purchase or sell a property, we will provide you with a tailor-made quote detailing all relevant costs and disbursements. |
Finally there are payments that apply to every transaction and these are consistent amongst most conveyancing firms. These are often known as Disbursements, which are payments that have to be made to third parties to fulfil the requirements for transferring land. They include payments for:
- Stamp Duty (SDLT or Welsh Land Transaction Tax depending on the location of the property). Always remember the tax you pay is self-assessment and we are not tax lawyers and cannot advise. To be sure that you pay the correct amount of tax you should consider taking specialist independent tax advice before committing to any purchase). Please click hereto be taken to the basic HMRC web site calculator or here for the Welsh Land Transaction Tax Calculator.
- Searches (of the local authority, mining searches, drainage searches, land registry searches, environment searches, area development searches and many more). You should budget between £275 and 400 plus VAT for searches depending on location and number and types of searches required.
- Land registry fees payable – again these depend on the type of property, its value, and whether an electronic submission can be made. Please click hereto access the land registry website for details.
Conveyancing Time Scales
Typically 16 – 25 weeks.*
* Please note – the average time is generally between 16-20 weeks but due to Covid this has now been extended to 16–30 weeks due to the pressure nationally on all parties.
All our clients understandably would like to know how long their matter may take and yet that is the one thing that no conveyancer can accurately predict. The average transaction time, according to the government, has lengthened (due to more vigorous requirements for anti-fraud investigations, money laundering checks and other factors – such as changes to mortgage regulation, etc.) with 16-20 weeks now being the average. Many matters can proceed quicker than this and we will always do our best to meet a client’s requirements. Please note that this is often not within our control, and so no firm commitments should be made to timescales until you have reached exchange of contracts.
To obtain an accurate conveyancing quotation bespoke to your transaction, please contact us directly.