Residential conveyancing
Anne Rawlings

Conveyancing pricing

Buying a property is stressful enough without the worry of additional costs and legal fees. It is important to us, therefore, that we give you some idea of costs right at the beginning of your transaction. 

The costs are split into two parts.  Firstly, there will be fees for the conveyancing work we undertake on your behalf; and secondly, there are standard charges payable for necessary items such as searches and Stamp Duty Land Tax.

Roythornes has been helping clients buy and sell property for nearly 90 years.  Our experienced team members take great pride in the work they do.  Between them they have many years’ experience and have helped thousands of people move successfully into their new home.  Unlike many ‘call centre’ based conveyancers, our team is always available to answer any questions you may have and you can be assured your transaction is in safe and experienced hands.

In addition, we are accredited to a number of quality standards including Lexcel, the Law Society’s quality standard and their Conveyancing Quality Scheme (CQS).

Below you will find a summary of the costs associated with property transactions.  For a personalised quotation, and for answers to any questions you may have, please contact one of the team.

Costs for freehold residential property purchase

 £
Roythornes Solicitors Legal fees (Please see note 1 below)450.00 - 4,000.00
VAT @ 20%90.00 - 800.00
Electronic Funds Transfer Administration fee30.00
VAT @ 20%6.00
Roythornes charges576.00 - 4,836.00
  
Introducer fee (Please see note 2 below)50.00 - 295.00
  
Expenses paid to others on your behalf: 
Stamp Duty Land Tax Variable
Land Registry Fee (Please see note 3 below)20.00 - 910.00
Local Authority Search (Please see note 4 below)58.00 - 346.50
Water Authority Search (Please see note 5 below)33.60 - 86.62
Environmental Search (Please see note 6 below)46.00 - 126.00
Electronic Identity check (per person)5.00 - 6.00
VAT @ 20%1.00 - 1.20
Lawyer Checker (please see note 7 below)10.00
VAT at 20%2.00
Land Charges Search/ Land Registry Search (Please see note 8 below)2.00 - 15.00
Total cost for purchase 
Estimated total: 

 

OTHER POTENTIAL COSTS

Help to Buy

If you are receiving assistance through the Help to Buy Equity Scheme an additional charge of £100 - £150 plus VAT will be made to deal with the extra work involved in making your claim.

If you are using funds from a Help to Buy ISA account to assist with the purchase a charge of £50 plus VAT will be made for each bonus claim.

Notes

Note 1: Our legal fees will be determined by the value of the property and the experience and qualification of the fee earner who deals with the purchase and the complexity of the legal issues. Your transaction will be always be quoted at the beginning, and for your peace of mind it is a fixed fee quote on the assumption of a straight forward transaction.

Note 2: The amount of introducer fee, if any, would be determined by the fee charged by the estate agent.  We currently pay fees in the region of £50.00 - £295.00 and we may add the fee to the legal fee we charge you.

Note 3: Land Registry fees are charged by reference to the value of the property and vary from £20.00 - £910.00 currently.

Note 4: Different local authorities charge different fees.  Currently the cheapest local authority search is £58.00 the most expensive being £346.50 and we can advise you when you tell us the location of the property as to what the local authority charges.

Note 5: Different water authorities charge different search fees.  Currently the cheapest is £33.60 and the most expensive being £86.62 and we can advise you of the cost when you tell us which area the property is based in.

Note 6: The cost of an environmental search varies between search providers and the location and size of the property.  We can advise you fully of the cost when we see the title of the property you are purchasing.

Note 7: We make a charge of £10 plus Vat for each purchase transaction to independently verify the seller’s solicitors bank account details against the database held on behalf of the leading Mortgage Lender’s panel. This is to protect against any increasingly common fraud where criminals will create bogus law firms or clone existing legitimate firm’s details in an attempt to divert funds.

Note 8: The amount of this cost will be determined by the number of owners of the property if it is unregistered or if it is registered the number of titles involved.

How long will my house purchase take?

How long will it take between your offer being accepted until you can move into your house will depend on a number of factors.  The typical process takes between 4 weeks and 16 weeks.

It can be quicker or slower, depending on the parties in the chain.  For example if you are a first time buyer purchasing an empty property with no chain and you have a mortgage agreed in principle it could take 4 weeks.  However if you are buying a new build property which will be available when construction has completed this could take significantly longer, between 3 and possibly up to 12 months.

What we do for you

The work involved, and the stage at which this takes place for a residential property vary according to the circumstances.  A standard transaction will include the following:-

  • taking your instructions and giving you initial advice;
  • checking your finances are in place to fund the purchase and associated costs and contacting lenders and solicitors as required;
  • to receive and advise on contract documents;
  • to carry out searches;
  • to obtain further planning documentation required;
  • to make any necessary enquiries of the sellers solicitors;
  • to give you advice on all documents and information received;
  • to go through conditions and mortgage offer with you;
  • send final contract and transfer to you for signature;
  • to agree a completion date (date from which you will purchase the property);
  • to exchange contracts and notify you this has happened;
  • to arrange for monies needed to be received from lender and yourself;
  • to complete the purchase;
  • to deal with the payment of Stamp Duty Land Tax;
  • to deal with the application for registration at HM Land Registry; and
  • to confirm to yourself and any lender when registration has been completed.

Costs for leasehold residential property purchase

 £
Roythornes Solicitors Legal fees (Please see note 1 below)750.00 - 4,000.00
VAT @ 20%150.00 - 800.00
Electronic Funds Transfer Administration fee30.00
VAT @ 20%6.00
Roythornes charges936.00 - 4,836.00
  
Introducer fee (Please see note 2 below)50.00 - 295.00
  
Expenses paid to others on your behalf 
Stamp Duty Land Tax Variable
Land Registry Fee (Please see note 3 below)20.00 - 910.00
Local Authority Search (Please see note 4 below)58.00 - 346.50
Water Authority Search (Please see note 5 below)33.60 - 86.62
Environmental Search (Please see note 6 below)46.00 - 126.00
Electronic Identity check (per person)5.00 - 6.00
VAT at 20%1.00 - 1.20
Lawyer Checker (Please see note 7 below)10.00
VAT at 20%2.00
Land Charges Search/ Land Registry Search (Please see note 8 below)2.00 - 15.00
Total cost for purchase 
Estimated total 

OTHER POTENTIAL COSTS

Help to Buy

If you are receiving assistance through the Help to Buy Equity Scheme an additional charge of £100 - £150 plus VAT will be made to deal with the extra work involved in making your claim.

Leasehold/Shared Ownership purchase

When buying a leasehold property please be aware that the landlord and/or management company or their agent often charge a fee for receiving notice of assignment/charge, dealing with a deed of covenant or  releasing a restriction at the Land Registry.  We will oversee these procedures as required by the terms of the lease (these vary from property to property).  The costs vary between nil and £480 plus VAT.  We would suggest you allow a sum of £200 plus VAT in your budget to cover the landlord/management company fees.  When we were advised of the true extent of these fees by the third parties they are payable to, we will let you have those details and incorporate them into the final completion statement as soon as possible, together with any apportionment of ground rent and/or service charges.  In addition in some transactions (again this is dictated by the terms of the lease) a certificate of compliance may be required and the cost of this vary between nil and £250 plus VAT.

If you are using funds from a Help to Buy ISA account to assist with the purchase a charge of £50 plus VAT will be made for each bonus claim.

Notes

Note 1: Our legal fees will be determined by the value of the property and the experience and qualification of the fee earner who deals with the purchase and the complexity of the transaction.Your transaction will be always be quoted at the beginning, and for your peace of mind it is a fixed fee quote on the assumption of a straight forward transaction.

Note 2: The amount of introducer fee, if any, would be determined by the fee charged by the estate agent.  We currently pay fees in the region of £50.00 - £295.00 and we add the fee to the legal fee we charge you.

Note 3: Land Registry fees are charged by reference to the value of the property and vary from £20.00 - £910.00 currently.

Note 4: Different local authorities charge different fees.  Currently the cheapest local authority search is £58.00 the most expensive being £346.50 and we can advise you when you tell us the location of the property as to what the local authority charges.

Note 5: Different water authorities charge different search fees.  Currently the cheapest is £33.60 and the most expensive being £86.62 and we can advise you of the cost when you tell us which area the property is based in.

Note 6: The cost of an environmental search varies between search providers and the location and size of the property.  We can advise you fully of the cost when we see the title of the property you are purchasing.

Note 7: We make a charge of £10 plus Vat for each purchase transaction to independently verify the seller’s solicitors bank account details against the database held on behalf of the leading Mortgage Lender’s panel. This is to protect against any increasingly common fraud where criminals will create bogus law firms or clone existing legitimate firm’s details in an attempt to divert funds.

Note 8: The amount of this cost will be determined by the number of owners of the property if it is unregistered or if it is registered the number of titles involved.

How long will my house purchase take?

How long will it take between your offer being accepted until you can move into your house will depend on a number of factors.  The typical process takes between 8 weeks and 20 weeks.

It can be quicker or slower, depending on the parties in the chain.  For example if you are a first time buyer purchasing an empty property with no chain and you have a mortgage agreed in principle it could take 4 weeks.  However if you are buying a new build property which will be available when construction has completed this could take significantly longer, between 3 and possibly up to 12 months.

What we do for you

The work involved, and the stage at which this takes place for a residential property vary according to the circumstances.  A standard transaction will include the following:-

  • taking your instructions and giving you initial advice;
  • checking your finances are in place to fund the purchase and associated costs and contacting lenders and solicitors as required;
  • to receive and advise on contract documents;
  • to carry out searches;
  • to obtain further planning documentation required;
  • to make any necessary enquiries of the sellers solicitors;
  • to give you advice on all documents and information received;
  • to go through conditions and mortgage offer with you;
  • send final contract and transfer to you for signature;
  • to agree a completion date (date from which you will purchase the property);
  • to exchange contracts and notify you this has happened;
  • to arrange for monies needed to be received from lender and yourself;
  • to complete the purchase;
  • to deal with the payment of Stamp Duty Land Tax;
  • to deal with the application for registration at HM Land Registry; and
  • to confirm to yourself and any lender when registration has been completed.

 

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