Call: 01558 650 381 Email: advisor@agriadvisor.co.uk

Residential Conveyancing - Fee Guide

We can assist you with the purchase or sale of a property, whether it be residential, agricultural or commercial. Herein however, we have set out a guide as to the legal costs and disbursements involved on a residential conveyancing transaction only.

Purchase Costs and Timescales 

Legal Costs

Our fees cover the work required to complete the sale of your existing home or the purchase of your new home, to include dealing with the Land Registry and Land Transaction Tax/Stamp duty as applicable. Our fees vary depending on the value of the property and range from £750 (plus VAT) to £1500 (plus VAT).

Our fee assumes that:

  • It is a purchase of a residential property;
  • The property is neither a newbuild nor an investment property;
  • It is a transaction wherein no unforeseen matters arise, such as defects in title which require dealing with prior to exchange and completion;
  • No indemnity policies are required;
  • All parties to the transaction are co-operative and there are no undue delays from any third party (eg. Solicitors, Lender)

Disbursements

In addition to the legal costs, there will also be disbursements on the purchase, as follows:

  • Searches – variable but typically in the region of £300;
  • Bank Transfer fee - £30 plus VAT (each);
  • HM Land Registry search - £3 per title (where title is registered);
  • Land Charge Searches - £10 (approx) (where title is unregistered);
  • Land Charges Bankruptcy Search - £2 per person (where there is a Mortgage);
  • HM Land Registry registration fee – varies depending on the value of the property. Please see HM Land Registry’s website for further information;
  • Land Transaction Tax/Stamp Duty – varied depending on the value of the property. Please see Welsh Revenue website (for properties in Wales) or Inland Revenue’s website (for properties in England) for further information.

Who will do the work for you?

All matters are dealt with by a qualified lawyer. Any work carried out on their behalf by their legal assistant or trainee will be subject to their direct supervision and on their instruction.

What will we do for you?

No two transactions are identical in their process or timescale but would summarise the key stages as follows:

  • Meet with you in person/discuss the transaction with you on the telephone and obtain your initial instruction and advise you in relation thereto;
  • Establish how the transaction is to be funded and obtain evidence of funds if necessary;
  • Contact your Lender/Financial Advisor;
  • Request and consider draft Contract papers;
  • Advise in relation to the Contract and title;
  • Undertake searches;
  • Raise standard precontract enquiries and any specific enquiries as relevant;
  • Report to you on our findings;
  • Report to you on the Mortgage Instructions received from the Lender (where applicable);
  • Subject thereto, obtain your signature to the Contract, Transfer and Mortgage Deed;
  • Attend to exchange of Contracts;
  • Request funds from you and/or Lender for completion;
  • Complete purchase;
  • Deal with the payment of Land Transaction Tax/Stamp Duty;
  • Prepare and submit the application to HM Land Registry.

How long will it take?

The process again varies on a number of factors outside our control, to include whether you are having a Mortgage, whether there is a chain etc. We shall be able to advise you further once we are aware of all factors and mechanics of the transaction. As a guide however, a straightforward transaction would ordinarily take between 6 and 12 weeks to complete.

Sale Costs/Timescale 

Legal Costs

Our fees cover the work required to complete the sale of your existing home, to include dealing with the redemption of any registered charges.
Our fees vary depending on the value of the property and range from £750 (plus VAT) to £1500 (plus VAT).

Our fee assumes that:

  • It is a sale of a residential property;
  • The property is not an investment property;
  • It is a transaction wherein no unforeseen matters arise, such as defects in title which require dealing with prior to exchange and completion;
  • No indemnity policies are required;
  • All parties to the transaction are co-operative and there are no undue delays from any third party.

Disbursements

In addition to the legal costs, there will also be disbursements on the sale, as follows:

  • HM Land Registry Office Copies - £6 - £20;
  • Bank Transfer fee - £30 plus VAT (each);

Who will do the work for you?

All matters are dealt with by a qualified lawyer. Any work carried out on their behalf by their legal assistant or trainee will be subject to their direct supervision and on their instruction.

What will we do for you?

No two transactions are identical in their process or timescale but would summarise the key stages as follows:

  • Meet with you in person/discuss the transaction with you on the telephone and obtain your initial instruction and advise you in relation thereto;
  • Request office copies of your title from HM Land Registry;
  • Arrange for you to complete standard pre-contract enquiries;
  • Draft Contract papers and issue them to your Buyers Solicitors;
  • Deal with enquiries raised by the Solicitors;
  • Obtain a Redemption Statement from your Lender;
  • Obtain your signature to the Contract and Transfer;
  • Attend to exchange of Contracts;
  • Complete purchase;
  • Deal with the redemption of the registered charge(s);
  • Account to you for the balance proceeds of sale after the discharge of legal costs, disbursements and estate agents’ fees.

How long will it take?

The process again varies on a number of factors outside our control, to include the length of the transaction chain. We shall be able to advise you further once we are aware of all factors and mechanics of the transaction. As a guide however, a straightforward transaction would ordinarily take between 6 and 12 weeks to complete.

Should you require any further information please do not hesitate in contacting a member of our team on 01558 650 381.




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Agri Advisor is the trading name of Agri Advisor Legal LLP (Partnership Number OC404300) and is authorised and regulated by the Solicitors Regulation Authority (SRA No. 633140). The firm is VAT Registered (No 111 7909 29).