Conveyancing Costs
Our costs are based on sale and purchase prices and are set out below.
These are based on the principle that the property is Freehold, the Title is in order, and there are no unusual aspects which arise during the transaction.
Should the matter fall through a proportion of the charges, in accordance with the time taken, will be made.
Since on a Leasehold sale in particular and all purchases, there is a significant amount of additional work we would charge between £250 and £350, plus VAT, in respect of this additional work.
Please note that these prices are indicative only and in order to get a more accurate price and discuss your transaction in detail please do contact us directly to discuss your individual circumstances.
| Property Price Up To: | Sale Fee: | Purchase Fee: |
| £200,000 | £800 plus VAT (£960) | £875 plus VAT (£1.050) |
| £300,000 | £875 plus VAT (£1,050) | £975 plus VAT (£1,170) |
| £400,000 | £1,025 plus VAT (£1,230) | £1,145 plus VAT (£1,374) |
| £500,000 | £1,145 plus VAT (£1,374) | £1,275 plus VAT (£1,494) |
| £600,000 | ££1,345 plys VAT (£1,614) | £1,475 plus VAT (£1,780) |
| £700,000 | £1,645 plus VAT (£1,974) | £1,775 plus VAT (£2,130) |
| £800,000 | £1,845 plus VAT (£2,214) | £1,975 plus VAT (£2,370) |
| £900,000 | £2,045 plus VAT (£2,454) | £2,245 plus VAT (£2,694) |
| £1,000,000 | On application | On application |
In addition, there are charges involved in identification prodecures and source of funds procedures to comply with Money Laundering Legislation. This will be:-
£20.00 plus VAT (per person)
It is necessary to send money electronically, particularly on a purchase and these will also incur a fee. This will be:-
£30.00 plus VAT (per bank transfer)
On a sale, it will be necessary to obtain up to date copies of the Title to the property from the Land Registry. These are currently charged at £7 per document and on average we estimate that 3 documents are required. The fees would be approximately:-
£21.00 - payable to the Land Registry.
On a purchase it is necessary before completing the pruchase to make Searches at the Land Registry and Land Charges Registry to protect you and any mortgage lender. These charges will be:-
£7.00 OS1 (Official Search of the Whole with Priority)
£6.00 Bankruptcy Search
There are various Searches to be carried out on a purchase and the prices of these can vary depending on the local authority undertaking them. In Westmorland and Furness, they are as follows:-
| £110 plus VAT | Local Search | |
| £68.00 plus VAT | Drainage Search | |
| £86.00 plus VAT | Environmental Search | |
| £13.59 plus VAT | Chancel Check Search (when appropriate) |
There may be various other Searches which would be needed but these are rare and are dealt with on a case by case basis.
On a purchase, the government charge Stamp Duty Land Tax. This varies depending whether the purchaser is a First Time Buyer, whether this is a Second Home or whether the buyer is moving home. The precise amount can be obtained by searching the government website for a "Stamp Duty Calculator". However, an indication for First Time Buyers is that charges made on 5% over the excess between £250,000 and £925,000. This increases to 10% from £935,000 to £1,500,000 and 12% over £1,500,000.
Following completion of a purchase it is necessary to register the Title to the property at the Land Registry. In most cases this can be done electronically and the charges would be as follows:-
| Value or amount | Apply by post | Apply using the portal or Business Gateway, for transfers or surrenders which affect the whole of a regsitered title | Apply using the portal or Business Gateway, for registration of all leases and transfers or surrenders which affect part of a registered title |
| 0 to £80,000 | £45 | £20 | £45 |
| £80,001 to £100,000 | £95 | £40 | £95 |
| £100,001 to £200,000 | £230 | £100 | £230 |
| £200,001 to £500,000 | £330 | £150 | £330 |
| £500,001 to £1,000,000 | £655 | £295 | £655 |
| £1,000,001 and over | £1,105 | £500 | £1,105 |
It should be noted that First Registration can only be done by post and will therefore cost the higher amount.
Please let us know if you have any questions whatsoever and we will be happy to assist.