Conveyancing Charges

Purchase of a freehold residential 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 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.

Conveyancer’s fees and disbursements

Estimated total will depend upon the purchase price and whether this is the replacement of a main residence or an additional property.

Disbursements

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 to ensure a smoother process.

Stamp Duty Land Tax or Land Transaction Tax (on purchase)

This depends on the purchase priced of your property and whether this is the purchase of a main residence, the replacement of main residence or the purchase of an additional property.  You can calculate the amount you need to pay by using HMRC’s website (www.tax.service.gov.uk/calculate-stamp-duty-land-tax) or if the property is located in Wales by using the Welsh Revenue Authority’s website (www.beta.gov.wales/land-transaction-tax-calculator)

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 6 – 10 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 12 – 14 weeks.  However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.  In such a situation, additional charges would apply.

Stages of the process

  • 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
  • Attend upon you or 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/Land Transaction Tax
  • ​Deal with the application for registration at Land Registry

Purchase of a leasehold residential 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 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.

Conveyancer’s fees and disbursements

Estimated total will depend upon the purchase price and whether this is the replacement of a main residence or an additional property.

Our fee assumes that:

a.  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

b.  this is the assignment of an existing lease and is not the grant of a new lease

c.   the transaction is concluded in a timely manner and no unforeseen complication arise

d.  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.

 

Disbursements

Disbursements are costs related to your matter that are payable to third parties such as search fees.  We handle the payment of the disbursements on your behalf to ensure a smoother process.  There are certain disbursements which will be set out in the individual lease relating to the property.  The disbursements which we anticipate will apply are set out separately below.  This list is not exhaustive and other disbursements may apply depending on the term of the lease.  We will update you on the specific fees upon receipt and review of the lease from the seller’s Solicitors.

Anticipated Disbursements *

Notice of Transfer fee – This fee if chargeable is set out in the lease.  Often the fee is between £50-£150
Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease.  Often the fee is between £50-£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-£250
Certificate of Compliance fee – To be confirmed upon receipt of the lease and 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 we receive this information.

Stamp Duty Land Tax or Land Transaction Tax (on purchase)

This depends on the purchase priced of your property and whether this is the purchase of a main residence, the replacement of main residence or the purchase of an additional property.  You can calculate the amount you need to pay by using HMRC’s website (www.tax.service.gov.uk/calculate-stamp-duty-land-tax) or if the property is located in Wales by using the Welsh Revenue Authority’s website (www.beta.gov.wales/land-transaction-tax-calculator)

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 6 – 10 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 12 – 14 weeks.  However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.  In such a situation, additional charges would apply.

Stages of the process

  • 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
  • Attend upon you or send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • 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/Land Transaction Tax
  • ​Deal with the application for registration at Land Registry

Sale of a freehold residential property

Our fees cover all of the work required to complete the sale of your new home.

Legal fees range between £500 - £700  plus VAT for property sales up to the value of £200,000, thereafter a maximum of £900 plus VAT and disbursements (please see below).

(www.jwhugheslaw.co.uk/conveyancing-calculator)

Sale of a leasehold residential property

Our fees cover all of the work required to complete the sale of your property.

Legal fees range between £550 - £750  plus VAT for property sales up to the value of £200,000, thereafter a maximum of £950 plus VAT and disbursements (www.jwhugheslaw.co.uk/conveyancing-calculator)

Disbursements
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. 

  • Office Copies £6.00
  • Office Copies of each document £3.00
  • Telegraphic Transfers £12.00 +VAT
  • Case Management Fee £10.00 +VAT
  • Fraud Detection Fee £10.00 +VAT
  • ​TT Service Charge £25.00 +VAT

 

Transfer of Equity/Re-mortgage

Our fees cover all of the work required to complete the Transfer of Equity/ Re-mortgage of your home.

Legal fee is £500 +VAT up to the value of £300,000.

Disbursements

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. 

  • Office Copies £6.00
  • Office Copies of each document £3.00
  • Search fees £270 approx. (Inclusive of VAT)
  • Land Registry Fee – this depends upon the Mortgage amount and whether the property is registered at HM Land Registry fees could be £20.00 up
  • TT Service Charge £25.00 +VAT