Conveyancing – Fee Information
Our fees listed below cover all the work required to complete the sale or purchase of your home or residential property investment.
The scope does not include any work relating to planning permission or building regulations other than reporting on the current position nor does it involve dealing with any issues relating to tenants or squatters or other unusual works.
Quote details below are for straightforward sale and purchase based on freehold property.
- Additional £150 to be added if property is leasehold
- Additional £400 to be added if property is new build. There will be an additional charge of £200 (on top of the £400) if there is a developer deadline to exchange contracts of 4 weeks or less.
- Additional £200 to be added if a mortgage is being obtained for a purchase.
- Off plan new build properties - Please contact us for an estimate.
- On transactions where a mortgage is obtained via a Lender using Legal Marketing Services Ltd (LMS) a fee of £25.00 plus VAT will be payable on completion.
|Property Value||Our Fee*||Our Fee*|
|Up to £100,000||£760+VAT||£800 +VAT|
|£100,001 - £300,000||£800+VAT||£880 +VAT|
|£300,001 - £450,000||£880+VAT||£1,025 +VAT|
|£450,001 - £600,000||£1,025+VAT||£1,150 + VAT|
|£600,001 - £700,000||£1,150+VAT||£1,350 + VAT|
|£700,001 - £800,000||£1,350+VAT||£1,650 + VAT|
|Over £800,000||Please contact us for an estimate of costs||Please contact us for an estimate of costs|
|Transfer of Equity||£500|
|Remortgage up to £300,000 (one title)||£500|
|Remortgage over £300,000||Please contact us for an estimate of costs|
* All of the above are exclusive of disbursements which will be confirmed on an individual basis.
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.
This is a fixed fee but only relates to the conveyancing work necessary to effect a sale or purchase.
We do charge fees for sales and purchases that do not proceed based on the amount of time spent to the point of the transaction not proceeding.
We do not usually do mortgages or re-mortgages on properties that are already owned for new clients. If an existing client would like to instruct us they should speak to their usual contact at the firm who will arrange for a quote to be provided which shall be in line with the box above.
Sale of registered properties
|Land Registry Fees||£3 per copy document|
Sale of unregistered properties
|Local Land Charges Searches||£2 per name of previous owners|
|Search of the Index Map||£4|
|Land Registry compliant plan||£3|
Purchase of registered and unregistered properties
|Searches (Local Authority, Drainage and Water, Environmental, Chancel)||Approximately £350. The final fee will be confirmed once a property address is established|
|Final Land Registry Search||£3 (Registered properties only)|
|Bankruptcy Search (where a property is being purchased with a mortgage)||£2 per name of borrower|
|Land Registration Fees||As below based on the purchase price|
|Stamp Duty Land Tax||Stamp Duty Land Tax
Based on the purchase price and whether this will result in the ownership of two or more residential properties. For more information please visit https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro to calculate.In Wales there is a separate transaction tax. Please visit https://beta.gov.wales/land-transaction-tax-calculator to calculate.
There may be further disbursements if the property being sold or purchased is leasehold including the following:
Purchase of leasehold property
- Notice of Transfer Fee
- Notice of Charge Fee
- Deed of Covenant Fee
- Certificate of Compliance Fee
Sale of leasehold property
- A fee for a landlords/managing agent’s leasehold information pack. These fees vary on each transaction depending on the terms of the lease and the managing agent’s requirements
Land registry fees
|Property Value||Cost Range|
|Up to £80,000||£20 - £45|
|£80,001 - £100,000||£40 - £95|
|£100,001 - £200,000||£100 - £230|
|£200,001 - £500,000||£150 - £330|
|£500,001 - £1,000,000||£295 - £655|
|Over £1,000,000||£500 - £1,105|
How long will my 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 eight to ten weeks but this is only an estimate of the likely timescale and is based on overall average figures and can vary enormously, with some transactions taking a few weeks whilst others may take several months. You must appreciate that this timescale is dependent upon all other parties and solicitors within any related chain of transactions.
If you are a first time buyer, purchasing a new build property with a mortgage in principle, the timescale would depend on various factors including what stage the new build property is at. Similarly, if you are buying a leasehold property that requires an extension of the lease, this could increase the timescale significantly. In such situations additional charges would apply.
Stages of the process
The precise stages involved in the purchase or sale of a residential property vary according to the circumstances.
Below are some key stages:-
|Take your instructions and give you initial advice||Take your instructions and give you initial advice|
|Obtain evidence of your legal title to the Property||Consider the draft Contract to be provided by the Seller(s) Solicitors and amend as appropriate|
|Prepare a draft contract for the sale of the Property and submit this to the Buyer(s) solicitors for approval and negotiate the terms of the contract||Carry out searches, consider the results and report to you upon these (M)|
|Obtain completed forms for the sale of the Property from you, considering these and submitting them to the Buyer(s) solicitors||Raise enquiries on title and the documents provided by the Seller(s) solicitors and consider the replies|
|Deal with any enquiries raised by the Buyer(s) solicitors||Draft a Transfer for the Property and agree the wording of this with the Seller(s) solicitors|
|Obtain a redemption figure from any lender with a mortgage secured on your property for information||If you will be borrowing money to help fund the purchase and will be granting a charge over the Property, provide your lender with a Report on Title and deal with any requirements your Lender may have (M)|
|Obtain your signature(s) to the approved Contract||Prepare a Report on Title to send to you (M)|
|Approve the Transfer deed supplied by the Buyer(s) solicitors and reply to their requisitions on title||Obtain your signature(s) to the approved Contract and Transfer deed|
|Attend to the exchange of Contracts and receipt of the deposit||Attend to the exchange of contracts and payment of the deposit|
|Obtain a final redemption figure from any mortgage lender||Attend to the completion of the purchase and the payment of the balance of the purchase monies (date from which you own the property) (M)|
|Obtain your signature to the approved Transfer deed||Deal with the preparation and submission of the Stamp Duty Land Tax Return and the payment of any duty (M)|
|Attend to the completion of the sale, redemption of any mortgage and payment of the estate agents fees (unless specifically instructed not to do this by you)||Attend to the registration of the Transfer and any Legal Mortgage at the Land Registry (M)|
|Liaise with you throughout; and||Liaise with you throughout (M); and|
|All matters associated with the above||All matters associated with the above (M)|
|In addition to the above, for leasehold sales||In addition to the above, for leasehold purchases|
|Obtain a management pack from the landlord/managing agent to assist with the sale and payment of their fee||Draft a Deed of Covenant where necessary|
|Serve notice of the transfer on the landlord/managing agents and payment of their fees after completion|
For remortgage transactions, the process will be similar to the steps taken on the purchase of a property. Some of the key steps are marked above with an “(M)”.
Basis of our fees
Our fees assume 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
- Where relevant 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 complication 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 are no boundary issues, disputes with lenders, planning issues or other matters that materially under the scope of our work.
- Additional work not covered by this information will be charged at an hourly rate of £90 to £265 (+ VAT) dependant on the seniority of the lawyer involved.
We have seven members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Neil Franklin, Partner and Head of Residential Property.
Neil Franklin: Partner (Hull), specialising in property and renewables work, in particular farm sales, purchases and tenancies, acting for lenders and involvement in various diversification projects for farmers and landowners. Qualified in 1985; Carrick Carr & Garwood (1985-1991); Joined Rollits in 1991
Kathryn Matthews - Associate (York) specialising in non-contentious commercial and residential property including buying and selling property including development sites and acting in connection with leasehold properties either as landlord or tenant and dealing with all aspects of estate management and lease renewals. Qualified in 2011; CMS Cameron McKenna (2003-2007); Osborne Clarke Solicitors (2007-2012); Veale Wasbrough Vizards (2012-2019); Joined Rollits in 2019
Brydie Smedley: Licenced Conveyancer (Hull) specialising in residential property work and has many years of residential conveyancing experience in the Hull and East Yorkshire area. Joined Rollits in 2014
Samuel East: Chartered Legal Executive (Hull) specialising in residential property sales and purchases including portfolio purchases for private investors. Joined Rollits in 2003. Qualifications: ILEX Level 3 Professional Diploma in Law and Practice - ITC College
Charlotte Richardson: Associate Member of CILEx (Hull) specialising in property work, in particular residential property sales and purchases. Joined Rollits in 2016; Student Member of CILEx (Level 2)
Libby Clarkson: Partner (Hull) specialising in planning and development matters as well as estate set up and subsequent plot sales for developers on development sites. Joined Rollits in 2014.
Leanne Hatch: Senior Solicitor (Hull) dealing with all aspects of commercial property work, including leasehold and freehold, landlord and tenant matters, secured lending, acquisitions, disposals and corporate support work. Sandersons Solicitors (2017 - 2020) Joined Rollits in 2020
Millie Bird: Paralegal (York) specialising in sales and purchases and general property based work. Joined Rollits in 2021
We want to give you the best possible service. However, if at any point you become unhappy or concerned about the service we have provided then you should inform us immediately, so that we can do our best to resolve the problem. If you would like to make a formal complaint, then you can read our full complaints procedure here.