Conveyancing Pricing

CONVEYANCING FIXED FEES

Purchase of a freehold or leasehold residential property

The precise stages involved in the purchase of a residential property vary according to the circumstances. Some of the likely key stages of our work will be the following:

  1. investigating the title to the property, to include:
    1. carrying out searches with respect to title and local government information for the property;
    2. reviewing replies given by the seller to pre-contract enquiries;
  2. negotiating a purchase contract;
  3. negotiating a transfer document;
  4. advising you in respect of your mortgage offer;
  5. preparing a report on title;
  6. proceeding to exchange of contracts and then completion of the purchase;
  7. transferring funds by telegraphic transfer to the seller’s solicitors and for relevant taxes;
  8. calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and
  9. registering the purchase and the mortgage at the Land Registry.

Our fees are:

Purchase Price Up to £99,999 £100,000 to £199,999 £200,000 to £299,999 £300,000 to £499,999 £500,000 to £749,999 £750,000 and over
Our fees £480 £505 £530 £555 £650 £850
VAT £96 £101 £106 £111 £130 £170
Total £576 £606 £636 £666 £780 £1,020

These prices have been calculated on the basis that:

  1. the property is currently held under a single freehold/leasehold title at the Land Registry with no title defects;
  2. one contract is submitted to one purchaser;
  3. the purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession;
  4. completion takes place on the date agreed in the contract;

If it becomes apparent that there are unforeseen circumstances in connection with the purchase we may have to increase our charges, but if that is the case, we will inform you before we incur any additional costs.

If you are purchasing the property with the benefit of a Government’s Help to Buy ISA, there will be an additional charge of £50.00 plus VAT payable per application for Dickinsons processing the Application for the Bonus.

Disbursements

In addition, there are a number of expenses (disbursements) which have to be paid to third parties to enable us to complete your purchase. These charges must also be paid by you but we will handle the payment of them on your behalf to ensure a smoother process.

The likely disbursements are:

Search fees (estimate) £170.00
Chancel Search (optional) £41.13

Land Registry fee

Purchase Price Fee
Up to £80,000 £20
£80,001 to £100,000 £40
£100,101 to £200,000 £95
£200,001 to £500,000 £135
£500,001 to £1,000,000 £270
Over £1,000,001 £455

Land Registry Search £6.00
Land Charges Search (per name) £2.00
Bank Transfer fee £12.00

Stamp Duty Land Tax

This depends on the purchase price of your property and whether you or your partner already own 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 here.

If we find that any additional disbursements need to be incurred after we have considered the contract, searches and title documents, we will let you know the reason for the extra expense, the likely amount, and when we will need payment.

For example, if the property you are purchasing is currently unregistered at the Land Registry, or if the property is a Transfer of Part, the fees charged by the Land Registry may be higher than set out above. If the property is leasehold then notice will need to be served on the collector of the ground rent following completion of your purchase and a small fee will be charged by them.

Additional disbursements may apply if indemnity policies are required, for example for a lack of building regulations approval.

When you need to pay

We will have to pay the search fees listed above shortly after you instruct us so request £200 at the start of the process and avoid unnecessary delays.

We will send you a statement showing all the other amounts due, including our fees, shortly before completion of the transaction.

How long will it 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 4-8 weeks. It can be quicker or slower, depending on the parties in the chain.

Sale of a freehold or leasehold residential property

The precise stages involved in the sale of a residential property vary according to the circumstances. Some of the likely key stages of our work will be the following:

  1. checking the title of the property;
  2. preparing documents and deeds;
  3. agreeing contract terms;
  4. exchanging contracts (at which time you will be committed to the transaction);
  5. making the pre-completion legal arrangements including all appropriate searches.

Our fees are:

Sale Price Up to £199,999 £200,000 to £299,999 £300,000 to £499,999 £500,000 to £749,999 £750,000 and over
Our fees £420 £445 £470 £520 £595
VAT £84 £89 £94 £104 £119
Total £504 £534 £564 £624 £714

These prices have been calculated on the basis that:

If there is more than one mortgage registered against the property, we charge an additional £50.00 plus VAT to redeem each additional mortgage.

If it becomes apparent that there are unforeseen circumstances in connection with the sale we may have to increase our charges, but if that is the case, we will inform you before we incur any additional costs.

Disbursements

In addition, there are a number of expenses (disbursements) which have to be paid to third parties to enable us to complete your sale. These charges must also be paid by you but we will handle the payment of them on your behalf to ensure a smoother process.

The likely disbursements are:

Land Registry office copies and filed plan (per title) £6.00
Telegraphic Transfer Fee £12.00

If we find that any additional disbursements need to be incurred after we have considered the contract, searches and title documents, we will let you know the reason for the extra expense, the likely amount, and when we will need payment.

When you need to pay

We will send you a statement showing all the other amounts due, including our fees, shortly before completion. We will normally take any money due to us from the proceeds of the sale of the property.

How long will it take?

How long it will take from an offer being accepted until completion of a sale will depend on a number of factors. The average process takes between 4-8 weeks. It can be quicker or slower, depending on the parties in the chain.

Remortgage of a freehold or leasehold residential property

Our work will likely consist of the following:

  1. Checking the title to the property and the replies given to our re-mortgage questionnaire;
  2. Checking the mortgage offer and advising you in respect of this;
  3. Preparing deeds and documents;
  4. Carrying our all appropriate searches;
  5. Dealing with all post completion matters including registering the new mortgage with the Land Registry;

Our fees for this are £305 plus vat

This price has been calculated on the basis that:

If there is more than one mortgage registered against the property, we charge an additional £50.00 plus VAT to redeem each additional mortgage.

If a transfer of the property from sole to joint names or vice versa is required we charge an additional £50.00 plus vat.

If it becomes apparent that there are unforeseen circumstances in connection with the remortgage we may have to increase our charges, but if that is the case, we will inform you before we incur any additional costs.

Disbursements

In addition, there are a number of expenses (disbursements) which have to be paid to third parties to enable us to complete your remortgage. These charges must also be paid by you but we will handle the payment of them on your behalf to ensure a smoother process.

The likely disbursements are:

Land Registry office copies and filed plan (per title) £6.00
Land Registry registration fee £20.00 to £40.00
Land Registry Search fee £6.00
Land Charges Search fee (per name) £2.00
Telegraphic Transfer Fee £12.00

If we find that any additional disbursements need to be incurred after we have considered the contract, searches and title documents, we will let you know the reason for the extra expense, the likely amount, and when we will need payment.

When you need to pay

We will send you a statement showing all the other amounts due, including our fees, shortly before completion. We will normally take any money due to us from the mortgage advance

How long will it take?

The average remortgage in our experience takes between 3-4 weeks.