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Freeths - Law firm

Residential Conveyancing – Pricing Information

Personal yet professional legal advice

Our fees for sales, purchases and re-mortgages of residential properties in England & Wales are charged at a fixed rate for our standard service.

Residential sale

Fee scale:

Sale price Freehold Leasehold
Up to £150,000 £650 plus VAT £800 plus VAT
£150,001 to £200,000 £700 plus VAT £875 plus VAT
£200,001 to £250,000 £800 plus VAT £950 plus VAT
£250,001 to £300,000 £900 plus VAT £1,000 plus VAT
£300,001 to £400,000 £975 plus VAT £1,100 plus VAT
£400,001 to £500,000 £1,050 plus VAT £1,200 plus VAT
£500,001 to £600,000 £1,100 plus VAT £1,300 plus VAT
£600,001 to £700,000 £1,250 plus VAT £1,450 plus VAT
£700,001 to £800,000 £1,350 plus VAT £1,550 plus VAT
£800,001 to £900,000 £1,450 plus VAT £1,650 plus VAT
£900,001 to £1m £1,650 plus VAT £2,150 plus VAT
£1m to £1.5m £1,900 plus VAT £2,650 plus VAT
£1.5m to £2m £2,250 plus VAT £3,000 plus VAT
£2m to £2.5m £2,750 plus VAT £3,250 plus VAT
£2.5m to £3m £3,250 plus VAT £3,750 plus VAT
£3m to £4m £4,000 plus VAT £4,500 plus VAT
£4m to £5m £4,500 plus VAT £5,000 plus VAT
£5m to £6m £6,500 plus VAT £7,000 plus VAT
£6m to £7m £7,500 plus VAT £8,500 plus VAT
£7m to £10m £10,000 plus VAT £11,000 plus VAT
Over £10m £12,000 plus VAT £13,500 plus VAT

Our fee covers all of our work* required to complete the sale of your property, including repaying any mortgages or charges secured against your property.

A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account). Payments to your bank account by BACS take up to three working days to arrive in your account but there is no bank transfer fee.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £300.

The likely disbursements payable in relation to each sale transaction are as follows:

Disbursement Freehold Leasehold
Land Registry fees Usually £6 to £12 plus VAT Usually £12 to £20 plus VAT
Landlord/Freeholder fees Usually none Usually between £150 and £500 plus VAT but some freeholders’ agents do charge more

 

*What our work includes

Our fee assumes that:

  • 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 or dealing with any restrictions that are registered against the title
  • the transaction is concluded in a timely manner and no unforeseen complications arise
  • 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
  • there is no agricultural land included in the sale
  • there are no special conditions such as overage/clawback or the transaction being subject to planning
  • the property is being sold with vacant possession and there are no third parties in occupation
  • the lender does not require separate representation
  • the title is a single registered title
  • the property is not being sold at auction

Our service includes:

  • Taking your initial instructions
  • Preparing contract documents
  • Obtaining information from you and responding to any enquiries received from the buyer’s solicitor
  • Sending the final contract to you for signature
  • Agreeing a completion date (the date from which you no longer own the property)
  • Exchanging contracts and notifying you that this has happened
  • Completing the sale
  • Repaying your existing mortgage (if any)
  • Paying the estate agents (if any)
  • Sending the net sale proceeds to you

Our service does not include:

  • Advice on tax implications
  • Dealing with any agricultural issues
  • Negotiating with any third party, including lenders, on your behalf
  • Our Platinum Service 

Timescale

How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and how quickly your buyer’s mortgage (if any) can be arranged. The average process takes between 2 to 4 months.

Residential purchase

Fee scale:

Purchase price Freehold Leasehold Simultaneous mortgage
Acting for the lender & buyer
Up to £150,000 £700 plus VAT £900 plus VAT £150 plus VAT
£150,001 to £200,000 £750 plus VAT £950 plus VAT £150 plus VAT
£200,001 to £250,000 £850 plus VAT £1,000 plus VAT £175 plus VAT
£250,001 to £300,000 £950 plus VAT £1,100 plus VAT £175 plus VAT
£300,001 to £400,000 £1,075 plus VAT £1,200 plus VAT £200 plus VAT
£400,001 to £500,000 £1,150 plus VAT £1,300 plus VAT £200 plus VAT
£500,001 to £600,000 £1,200 plus VAT £1,400 plus VAT £200 plus VAT
£600,001 to £700,000 £1,350 plus VAT £1,550 plus VAT £225 plus VAT
£700,001 to £800,000 £1,450 plus VAT £1,650 plus VAT £225 plus VAT
£800,001 to £900,000 £1,550 plus VAT £1,750 plus VAT £225 plus VAT
£900,001 to £1m £1,750 plus VAT £2,250 plus VAT £225 plus VAT
£1m to £1.5m £2,100 plus VAT £2,650 plus VAT £250 plus VAT
£1.5m to £2m £2,500 plus VAT £3,250 plus VAT £250 plus VAT
£2m to £2.5m £3,000 plus VAT £3,500 plus VAT £300 plus VAT
£2.5m to £3m £3,500 plus VAT £4,000 plus VAT £300 plus VAT
£3m to £4m £4,250 plus VAT £4,750 plus VAT £300 plus VAT
£4m to £5m £5,000 plus VAT £5,500 plus VAT £400 plus VAT
£5m to £6m £7,000 plus VAT £7,500 plus VAT £400 plus VAT
£6m to £7m £8,000 plus VAT £9,000 plus VAT £400 plus VAT
£7m to £10m £12,000 plus VAT £13,000 plus VAT £400 plus VAT
Over £10m £15,000 plus VAT £18,000 plus VAT £500 plus VAT

Our fee covers all of our work* required to complete the purchase of your new property, including dealing with registration at the Land Registry and dealing with the payment of any standard Stamp Duty Land Tax (Stamp Duty) if the property you wish to buy is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Please be aware that we will need to add up to £400 (plus VAT) for the purchase of a new build property and an additional £200 (plus VAT) for a purchase under the Government’s Help to Buy Scheme, due to the extra work involved for us on those types of matter. We will also need to add £50 (plus VAT) to deal with the Government’s requirement to draw down funds if you are using a Help to Buy ISA account.

An additional £36 (inclusive of VAT) bank transfer fee is also payable for sending cleared funds to the seller’s solicitor on completion.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £500.

 

The likely disbursements payable in relation to each purchase transaction are as follows:

Disbursement Freehold Leasehold
Searches Usually between £250 and £400 plus VAT Usually between £250 and £400 plus VAT
Landlord/Freeholder fees Usually none, unless, for example, a deed of covenant is required Usually between £200 and £600 plus VAT but some freeholders do charge more
Land Registration fees See table below See table below
Land Registry searches £3 to £10 plus VAT £3 to £10 plus VAT

Land Registration fees (no VAT is payable):

Purchase Price Not New Build New Build/Transfer of Part
£0 to £80,000 £20 £40
£80,001 to £100,000 £40 £80
£100,001 to £200,000 £95 £190
£200,001 to £500,000 £135 £270
£500,001 to £1,000,000 £270 £540
£1,000,001 and over £455 £910

Stamp Duty or Land Tax

This depends on the purchase price of your 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

*What our work includes

Our fee assumes that:

  • 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 or dealing with any restrictions that are registered against the title
  • for a leasehold purchase, that this is the assignment of an existing lease and is not the grant of a new lease
  • the transaction is concluded in a timely manner and no unforeseen complications arise
  • 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
  • there is no agricultural land included in the purchase
  • there are no special conditions such as overage/clawback or the transaction being subject to planning
  • the property is being sold with vacant possession and there are no third parties in occupation
  • the lender does not require separate representation
  • the title is a single registered title
  • the property has not been purchased at auction

Our service includes:

  • Taking your initial instructions
  • Receiving and advising on contract documents
  • Carrying out all necessary searches
  • Making any necessary enquiries of seller’s solicitor
  • Reporting on all documents and information received
  • Reporting on the conditions of your mortgage offer
  • Sending the final contract and other documents to you for signature
  • Agreeing a completion date (date from which you own the property)
  • Exchanging contracts and notifying you that this has happened
  • Arranging for all monies needed to be received from your lender and you
  • Completing the purchase
  • Dealing with the payment of Stamp Duty/Land Tax
  • Dealing with the application for registration at the Land Registry

Our service does not include:

  • Advice on tax implications (other than Stamp Duty/Land Tax)
  • Advice on non-standard Stamp Duty/Land Tax arrangements
  • Advice on or preparation of Tenancy Agreements
  • Dealing with or advising on any agricultural issues
  • Negotiating with any third party, including lenders, on your behalf
  • Our Platinum Service

Timescales

How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and the turnaround time for the necessary searches. The average process takes between 2 to 4 months.

Residential mortgage / re-mortgage

For a residential re-mortgage, our fee will be up to 75% of our standard purchase fee (including the additional fee for a simultaneous mortgage) based on the value of the property. For example, if your property is valued at £200,000, our fee will be up to £675 (plus VAT) (75% of £900 plus VAT).

Our fee covers all of our work* required to complete the re-mortgage of your property, including repaying any existing mortgages or charges secured against your property.

In addition to our fees, you will need to pay some 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £500.

The likely disbursements that you will have to pay for a re-mortgage are:

Disbursement Freehold Leasehold
Searches (if required by the lender) Usually between £250 and £400 plus VAT Usually between £250 and £400 plus VAT
Landlord/Freeholder fees None Usually between £100 and £300 plus VAT
Land Registration fees See table below See table below
Land Registry searches £3 to £10 plus VAT £3 to £10 plus VAT
Land Registry documents £6 to £12 plus VAT £12 to £20 plus VAT

A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account). Payments to your bank account by BACS take up to three working days to arrive in your account but there is no bank transfer fee.

Land Registration fees (no VAT is payable)

Amount of new borrowing Fee
£0 to £100,000 £20
£100,001 to £200,000 £30
£200,001 to £500,000 £40
£500,001 to £1,000,000 £60
£1,000,001 and over £125

*What our work includes

Our fee assumes that:

  • 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 or dealing with any restrictions that are registered against the title
  • the transaction is concluded in a timely manner and no unforeseen complications arise
  • 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
  • there is no agricultural land included in the mortgage
  • there are no special features such as overage/clawback or the land being subject to unfulfilled planning obligations
  • the property is being mortgaged with vacant possession and there are no third parties in occupation
  • the lender does not require separate representation
  • the title is a single registered title
  • the borrowing is from a mainstream lender

Our service includes:

  • Taking your initial instructions
  • Carrying out all necessary searches required by your lender or arranging no search indemnity insurance if this is acceptable to the lender
  • Reporting on the conditions of your mortgage offer
  • Sending the mortgage deed to you for signature
  • Arranging for all monies needed to be received from your lender and you
  • Completing the re-mortgage
  • Sending any surplus funds to you
  • Dealing with the application for registration at the Land Registry

Our service does not include:

  • Advice on tax implications
  • Negotiating with any third party, including lenders, on your behalf
  • Our Platinum Service
  • Transfers of Equity

Timescale

How long the transaction will take will depend on a number of factors including how quickly your mortgage offer is issued and whether your new lender requires searches. The average process takes between 4 to 10 weeks.

Meet the team

Residential Conveyancing – Pricing Information Lawyers


Claire Matthews, Solicitor

Claire Matthews
Solicitor

0845 050 3613

Client service

‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.

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Talk to us

Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?

Contact: 03301 001 014

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