Moving House

Legal Fees

Our fees for acting for you in the sale or purchase of your property are set out in the tables below, based on the value of the transaction. The base fees as stated are subject to any additional instructions you give us and the additional fees shown below.

Freehold Sale or Purchase of registered land

Transaction Value Our base fee (all plus VAT)
Up to £150,000  £650
£150,000 to £200,000 £700
£200,000 to £300,000 £750
£300,000 to £400,000 £800
£400,000 to £500,000 £850
£500,000 + From £900

 
Leasehold Sale or Purchase of registered land

Transaction Value Our base fee (all plus VAT)
Up to £150,000 £800
£150,000 to £200,000 £850
£200,000 to £300,000 £900
£300,000 to £400,000 £950
£400,000 to £500,000 £1,000
£500,000 + From £1,000

 
Unregistered land – this means land that has not been registered at the Land Registry. The majority of land in the UK has been registered. However, if you have not sold or remortgaged your property since the early 1990s then it is likely to be unregistered and you will be reliant on the paper deeds to sell your property. Dealing with unregistered land takes extra time and will increase our base fee by £225 plus VAT.

Purchase of a new build property – this involves a considerable amount of extra work and as such will increase our base fee by £225 plus VAT.

Help to Buy Equity Loan / ISA – if you are buying with the assistance of a H2B Equity Loan or selling a property with such a loan, the extra work involved in dealing with the complexities of the scheme takes time and will increase our base fee by £350 plus VAT. As regards buying with a H2B ISA, this is less complex but still takes additional time so our fee is increased by £50 plus VAT.

Declaration of Trust deed – if you are purchasing with a second person and are contributing an unequal share to the property you may require a trust deed and our fees for advice and preparation for such a deed are £225 plus VAT.

We also act in a large number of other types of property transaction such as remortgages, equity releases and first registrations, to name but a few. Please contact us for a discussion of your requirements and we will provide a quote.

Disbursements

In addition to legal fees, you will also have to fund payments to third parties which are known as disbursements. For example, the payment of Stamp Duty on a purchase is a disbursement you pay to us which we pay to the HMR&C on your behalf, as part of the process of your purchase. The usual disbursements payable on a sale and purchase are set out below, any additional disbursements would be discussed with you before the cost is incurred on your behalf.

Disbursements on a Purchase

    Approx. cost

Searches

The usual searches are a Local Authority search and Drainage & Water search. There may be other searches needed as well, such as an Environmental search.

£300 to £350

Stamp Duty Land Tax (SDLT)

The amount of SDLT payable depends on the value of the property you are purchasing, whether you have an interest in any other property and whether you are a first-time buyer.
The HMRC’s SLDT calculator can be used to find out the cost of SDLT for you.
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

£various

Bank Transfer fee

In order to pay the purchase price to the seller’s solicitors funds are transferred between banks on the day of completion.

£16 plus VAT each

Bankruptcy search

These are searches that must been done prior to completion to check that the buyer and seller are not bankrupt.

£2 per person

Land Registry search

This search is done to protect you or your mortgage lender for the period between completion of the purchase and registration of your ownership with the Land Registry.

£3 per title

Land Registry fee

This is the fee payable to the Land Registry for them to register your ownership of the property. The amount depends of the value of the property and we can provide details of the fee payable on request.

£various

 

Disbursements on a Sale

    Approx. cost
Official copies These are documents provided from the Land Registry which set out the title to the registered property the seller is purchasing.

£3 per document
Bankruptcy search As for a purchase, these are searches that must been done prior to completion to check that the buyer and seller are not bankrupt.

£2 per person
Bank Transfer fee

In order to pay back a mortgage or send the proceeds of sale to the seller a bank transfer may be necessary.

£16 plus VAT each

Management Pack/Landlord’s Information Pack

Leasehold sales only – if there is a management company and/or Landlord for the property, they usually charge a fee for providing information needed by the buyer. £various

 

TIMESCALES

Our usual advice is that a straightforward conveyance of property takes between 6 to 8 weeks. However, this does depend on all parties working to a similar timescale. If there is a long chain, or an unforeseen title issue arises, for example, then matters can take longer.

In order to assist you in judging how far along the process you are, please consider the key points along the way for a typical sale and purchase, as set out below.

Key points: Sale

- Memorandum or Notification of Sale received from the estate agents
- Buyers and Sellers respective solicitors confirm that they are instructed
- Draft contract documents prepared by the sellers solicitors and sent to the buyer’s solicitors
- Sale contract sent to the seller for signing
- Enquiries raised about the sale property and answered by the seller
- Completion date agreed
- Contracts are exchanged and date fixed for completion (moving day!)
- Mortgage redemption statement obtained, dated for the day of completion
- Sale completes when sale price received by the seller’s solicitors, any mortgage is paid back, estate agents fees are paid and the balance is sent to the seller

Key points: Purchase

- Memorandum or Notification of Sale received from the estate agents
- Buyers and Sellers respective solicitors confirm that they are instructed
- Draft contract documents received by the buyer’s solicitors
- Searches are requested, title to the property is checked and enquiries raised about the property being purchased
- Received replies to enquiries raised, search results and any mortgage offer
- Buyers meet with their solicitors to go through everything and sign the contract, transfer deed and any mortgage deed
- Completion date agreed, buyer provides deposit money to their solicitors
- Contracts are exchanged and date fixed for completion (moving day!)
- Mortgage money is requested from the buyers lender and balance purchase monies requested from the buyers
- Purchase completes when money is sent to the seller’s solicitors and is received by them, keys are released to the buyer and the buyer can now move in!
- Buyer’s solicitors receive the signed Transfer deed from the seller’s solicitors and pay the buyer’s SDLT
- The application to register the property in the buyer’s name is sent to the Land Registry
- Receive notification of registration from the Land Registry and this is sent to the buyers and the purchase is finished.


Allens Cadge & Gilbert Limited is authorised and regulated by the Solicitors Regulation Authority (SRA No. 630315)
Allens Cadge & Gilbert is a trading name of Allens Cadge & Gilbert Ltd
.
Registered in England Company No. 10133039.
Registered office: 8 Earsham Street, Bungay, Suffolk NR35 1AG

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