Sale of a Freehold Residential Property based on a sale price of £295,000

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

Conveyancer’s fees and disbursements
• Legal fee £795.00
• VAT @ 20% £159.00
• Electronic money transfer fee £40.00
• VAT @ 20% £8.00
Estimated subtotal: £1002.00

[There is an additional £150 plus VAT charge for leasehold property, see leasehold property sale calculation below]

Disbursements
These 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.

Anticipated Disbursements
• Land Registry Fees £10.00
• AML Searches £10.00
Estimated total: £1019.50

How long will my house sale take?
How long it will take from you accepting the offer, until you can move out of your house, will depend on a number of factors. The average process takes between 6-8 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you have a purchase as well there might be a necessity to link the transactions which could mean your sale takes over 8 weeks.

Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
• Take your instructions and give you initial advice
• Draft and advise on contract documents
• Obtain further planning documentation if required
• Receive any necessary enquiries of buyer’s solicitor, take your instructions and respond
• Give you advice on documents and information received including Transfer Deed
• Send final contract and Transfer to you for signature
• Agree completion date (date from which you will no longer own the property)
• Exchange contracts and notify you that this has happened
• Complete sale and account to you

• 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. the transaction is concluded in a timely manner and no unforeseen
  complications arise
  c. all parties to the transaction are co-operative and there is no unreasonable
  delay from third parties providing documentation
  d. no indemnity policies are required. Additional disbursements may apply if
  indemnity policies are required.

Purchase of a freehold residential property based on a purchase price of £295,000

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 the 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
• Legal fee £795.00
• VAT @ 20% £159.00
• Stamp Duty Reporting Procedures Fee £95.00
• VAT @ 20% £19.00
• Electronic money transfer fee £40.00
• VAT @ 20% £8.00
Estimated subtotal: £1116.00

Disbursements
These are costs related to your matter that are payable to third parties, such as Local Authority Search Fees and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Anticipated Disbursements
• Search fees £300.00 approx.
• HM Land Registry fee £330.00 (reduced to £150.00 if the property already has a Registered Title)
• Stamp Duty £4,750.00
(On a £295,000.00 property brought as a sole principal residence and non-first-time buyer)

Stamp Duty depends on the purchase price of your property and on whether any reliefs or additional charges are applicable (e.g. first-time buyers’ relief or second property additional charge).

We will calculate the precise amount due but you can check this by using HMRC’s website
(https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro)or if the property is located in Wales by using the Welsh Revenue Authority’s website here. (https://beta.gov.wales/land-transaction-tax-calculator). Disbursements can change, and we will give you an accurate figure once we have your instructions.
Estimated total: £6,496.00

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 6-12 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, it could take longer because the property might not be built. Please contact us and we will give you the most accurate timeline we can.

Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages:
• 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 and draft the Transfer Deed
• Give you advice on documents and information received
• Go through conditions of mortgage offer with you
• Send final contract, Transfer Deed and any mortgage documentation 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 DutyLand Tax
• Deal with application for registration at Land Registry

• 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. the transaction is concluded in a timely manner and no unforeseen complications arise
  c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  d. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Proposed Sale of Leasehold Residential Property based on a sale price of £295,000

Our fees cover all the work* required to complete the sale of your home, including dealing with any management companiess

Conveyancer’s fees and disbursements
• Legal fee £795.00
• VAT @ 20% £159.00
• Leasehold Procedures Fee £150.00
• VAT @ 20% £30.00
• Electronic money transfer fee £40.00
• VAT @ 20% £8.00
Estimated subtotal: £1182.00

Disbursements
These 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 terms of the lease. We will update you on the specific fees upon receipt and review of the lease.

Anticipated Disbursements**
• Land Registry Fees £20.00
• AML Searches £7.50
Estimated total £1209.50 plus any additional disbursements below which may apply: –

Additional Disbursements
• Freeholder/management company information pack/s – These fees are charged by the management company/freeholder  as applicable for the property and can be difficult to estimate. Often it is between £300.00 and £500.00 (plus VAT).

**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 have applied throughout your ownership of the property. We will confirm any outstanding ground rent and the service charges as soon as we receive this information.

Stages of the process
The precise stages involved in the sale of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
• Take your instructions and give you initial advice
• Draft and advise on contract documents
• Obtain further planning documentation if required
• Receive any necessary enquiries of buyer’s solicitor, take your instructions and respond
• Give you advice on documents and information received including Transfer Deed
• Send final contract and Transfer to you for signature
• Agree completion date (date from which you will no longer own the property)
• Exchange contracts and notify you that this has happened
• Complete sale and account to you

How long will my house sale take?
How long it will take from you accepting the offer until you can move out of your house will depend on a number of factors. The average process takes 2-3 months. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, in excess of 3 months. In such, a situation additional charges would apply.

• 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 complications arise
  d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Purchase of a leasehold residential property based on a purchase price of £295,000

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 the 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

• Legal Fee £795.00
• VAT @ 20% £159.00
• Stamp Duty reporting procedures fee £95
• VAT @ 20% £19.00
• Leasehold procedures fee £150.00
• VAT @ 20% £30.00
• Electronic money transfer fee £40.00
• VAT @ 20% £8.00

Estimated subtotal: £1,296.00

Disbursements
These are costs related to your matter that are payable to third parties, such as Local Authority Search Fees and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Anticipated Disbursements
• Search fees £300.00 approx.
• HM Land Registry fee £330.00 (reduced to £150.00 if the property already has a Registered Title)
• Stamp Duty £4,750.00
(On a £295,000.00 property brought as a sole principal residence, UK resident, and non-first-time buyer)

Stamp Duty depends on the purchase price of your property and on whether any reliefs or additional charges are applicable (e.g. first-time buyers’ relief or second property additional charge).

We will calculate the precise amount due but you can check this by using HMRC’s website
(https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro)or if the property is located in Wales by using the Welsh Revenue Authority’s website here. (https://beta.gov.wales/land-transaction-tax-calculator). Disbursements can change, and we will give you an accurate figure once we have your instructions.

Estimated total: £6,676.00 plus any additional disbursements below which may apply: –

Additional Disbursements

• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50.00 – £250.00 (plus VAT).
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00 and £250.00 (plus VAT).
• 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 £50.00 and £250.00 (plus VAT).
• Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50.00 – £250.00.

**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 will also need to budget for apportionments of ground rent and service charges. We will confirm these as soon as we receive this information.

How long will my apartment purchase take?
How long it will take from your offer being accepted, until you can move into your apartment will depend on a number of factors. The average process takes between 12-16 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage, it could take longer because the property might not be built. Please contact us and we will give you the most accurate timeline we can.

Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages:
• 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 and the Lease
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller’s solicitor and draft the Transfer Deed
• Give you advice on documents and information received
• Go through conditions of mortgage offer with you
• Send final contract, Transfer Deed and any mortgage documentation 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
• Deal with application for registration at Land Registry

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. the transaction is concluded in a timely manner and no unforeseen complications arise
c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
d. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required