Residential Conveyancing

Price Guide

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Price Guide

We want to ensure that you get the information that matters to you from the outset, which is why we’ll always provide you with a tailored breakdown of costs at the start of the transaction. Whilst we will attempt to cover all expected expenses in relation to your transaction at this stage, some fees and additional costs may only become apparent during the course of a transaction.

Our fees for a typical residential property sale or purchase range from around £850.00 plus VAT (£1020.00) for a simple £150,000.00 sale, to around £2500.00 plus VAT (£3000.00) for a substantial million-pound purchase.

These figures will vary depending on the value of a property, the type of property (i.e. freehold, leasehold, unregistered, listed etc.) and whether the transaction features unusual aspects or complications, or requires an expedited timescale.

Further Cost Information

Additional costs may be charged in relation to leasehold properties, buy to let properties, re-mortgages, transfers of equity, new builds and shared ownership properties. All such matters fall under the heading of ‘residential conveyancing’.

As well as our legal costs, we’ll have to pay expenses to other organisations on your behalf (‘disbursements’) during the transaction, such as Land Registry fees, search fees, money transfer charges, Stamp Duty Land Tax. These costs may change depending on the type and location of the property, and whether additional searches, for example mining reports or a flood risk assessment, are required or requested.

If your transaction involves a leasehold property, there may be additional fees charged by the freehold owner or managing agent, as well as extra disbursements related to apportionment of ground rent, service charges, Notices of Assignment and Charge, and Deeds of Covenant (where applicable).

If you are purchasing a new build property, additional disbursements may be incurred for Company Searches, Commons Registrations Searches and, where applicable, the Developer’s engrossment fee.

In the unlikely event of any unforeseen difficulties arising during the transaction that might require a revision of the estimate, we would inform you immediately to discuss the position. If for any reason the transaction didn’t proceed to completion then a charge would be made for the abortive transaction, which would be dependent upon the amount of work carried out at that time.

Property Sale Fees

Property Sale Price

Price

Price +20% VAT

Up to £200,000

£850

£1,020

£200,001 - £300,000

£895

£1,074

£300,001 - £400,000

£950

£1,140

£400,001 - £500,000

£1,095

£1,314

£500,001 - £750,000

£1,295

£1,554

£750,001 - £1 million

£1,495

£1,794

Over £1 million

Price on application

Price on application

Property Purchase Fees

Property Purchase Price

Price

Price +20% VAT

Up to £200,000

£850

£1,020

£200,001 - £300,000

£950

£1,140

£300,001 - £400,000

£1,050

£1,260

£400,001 - £500,000

£1,295

£1,554

£500,001 - £750,000

£1,395

£1,674

£750,001 - £1 million

£1,750

£2,100

Over £1 million

Price on application

Price on application

Additional Costs

Price

Price +20% VAT

Help to Buy Isa

£50

£60

New Build

£200

£240

Help to Buy Equity Loan

£150

£180

Lifetime Isa

£50

£60

Leasehold

from £200

from £240

Shared Ownership

from £150

from £180

Other Services

Price

Price +20% VAT

Re-mortgage

from £400

from £480

Transfer of Equity

from £750

from £900

First Registration

from £450

from £540

Transfer of Equity & Re-mortgage

from £750

from £900

First Registration & Transfer of Equity

from £750

from £900

Equity Release

from £750

from £900

Declaration of Trust

£250

£300

Additional Expenses

Price

Initial Searches

£200 (approx.) depending on property and location

Final Searches

£7 +VAT (approx.)

Money Transfer Fee

£16 +VAT (approx.)

Stamp Duty Land Tax filing fee

£75 +VAT

Stamp Duty Land Tax

calculated according to value of property and specific circumstances

Land Registry Fee

calculated according to value of property and specific circumstances

Fee for acting on behalf of a lender

£175 +VAT

Example Costings for Residential Property

These are example prices. We’ll always give you an individual cost estimate for your specific circumstances, so you know clearly what the costs will be and exactly what work they cover.

Once we know precisely what you’d like us to do for you, we’ll send you a predicted breakdown of costs for your transaction, so you’ll know you’re only paying for what you need, with no surprises.

Purchase of a freehold registered property costing £250,000 with a mortgage and a Help to Buy ISA

Stamp Duty Land Tax has not been included in this example as this will depend on your individual circumstances which we’ll be happy to discuss with you.

  • Atkins Dellow Legal fee – £1140
  • Atkins Dellow fee for submission of Stamp Duty Land Tax Return – £90
  • Atkins Dellow fee for acting on behalf of your mortgage lender – £210
  • Atkins Dellow fee for Help to Buy ISA fee – £60
  • Search fees – £200 (approx.)
  • HM Land Registry registration fee – £135
  • Bank Transfer fee – £19.20
  • HM Land Registry minor disbursements – £14.40

Estimated total costs for this example (including VAT where applicable at 20%): £1868.60

Purchase of an unregistered freehold property costing £375,000 for joint owners with the a mortgage

Stamp Duty Land Tax has not been included in this example as this will depend on your individual circumstances which we’ll be happy to discuss with you.

  • Atkins Dellow Legal fee – £1260
  • Atkins Dellow fee for submission of Stamp Duty Land Tax Return – £90
  • Atkins Dellow fee for acting on behalf of your mortgage lender – £210
  • Search fees – £200
  • HM Land Registry registration fee – £270
  • Bank Transfer fee – £19.20
  • HM Land Registry minor disbursements – £12.00

Estimated total costs for this example (including VAT where applicable at 20%): £2061.20

Purchase of a registered leasehold property costing £200,000 for joint owners with a mortgage

Stamp Duty Land Tax has not been included in this example as this will depend on your individual circumstances which we’ll be happy to discuss with you.

  • Atkins Dellow Legal fee – £1140
  • Atkins Dellow fee for leasehold properties – £240
  • Atkins Dellow fee for submission of Stamp Duty Land Tax Return – £90
  • Atkins Dellow fee for acting on behalf of your mortgage lender – £210
  • Search fees – £200 (approx.)
  • HM Land Registry registration fee – £95
  • Bank Transfer fee – £19.20
  • HM Land Registry minor disbursements – £8.40
  • Management Company/Freeholder disbursements – £250.00 to £500.00 (approx.)

Estimated total costs for this example (including VAT where applicable at 20%): £2252.60 – £2502.60 (dependant on Management Company/Freeholder disbursements)

Sale of a registered freehold property costing £550,000 for joint owners

Stamp Duty Land Tax has not been included in this example as this will depend on your individual circumstances which we’ll be happy to discuss with you.

  • Atkins Dellow Legal fee – £1554
  • HM Land Registry entries – £14.40
  • Bank Transfer fee – £19.20

Estimated total costs for this example (including VAT where applicable at 20%): £1587.60

Re-mortgage of a registered freehold property costing £300,000 for a sole owner

  • Atkins Dellow Legal fee – from £480
  • Bank Transfer fee – £19.20
  • No search indemnity insurance (if accepted by mortgage lender) – £30
  • HM Land Registry entries – £14.40
  • HM Land Registry Registration fee – £30

Estimated total costs for this example (including VAT where applicable at 20%): £1203.60

Additional Details

Timescales

If there is such a thing as a standard timescale, we usually see exchange of contracts within 10 – 12 weeks from receipt of the draft paperwork and completion a week or two later. However, in current circumstances, we are seeing some transactions take a little longer.

The time between exchange of contracts and completion is largely to allow for the logistics of mortgage finance and coordinating the chain of related sales and purchase. This will be dependent on the chain which you are involved in.

Stamp Duty Land Tax

The Stamp Duty Land Tax calculator on HMRC’s website will work out the amount of SDLT payable. In some cases, you won’t be liable to pay any SDLT if you’re a first-time buyer who has never owned any share in any property anywhere in the world, whether by purchase, inheritance, gift or as a beneficiary under a trust.

If the property you’re purchasing is situated in Wales you will need to pay Land Transaction Tax (“LTT”). You can use the LTT calculator on the Welsh Revenue Authority’s website to work out the amount of LTT you’ll need to pay.

Indemnity Insurance

Very occasionally matters can arise in a transaction where indemnity insurance can be put in place as a solution. It’s a matter of negotiation as to which party to the transaction covers the cost of such insurance. The cost of the insurance will depend on the nature of the insurance, but typically we see insurance premiums, where necessary, ranging from £25.00 – £150.00.

Searches

We carry out a Local Authority search, drainage & water report, environmental report and planning report as standard. Depending on the location of the property you’re purchasing, additional searches may be necessary such as a mining report or flood risk assessment.

Still Need Help?

Call 01284 767766 to have a chat with our expert Residential Property Team. They’ll be happy to talk through the process with you, explain what we do, and answer any questions you have. There’s no obligation.