Conveyancing Fee
At Dawn Solicitors, our conveyancing team possesses significant expertise. Moreover, a company director personally leads this skilled group. Consequently, clients benefit from top-tier conveyancing fee services.
- Firstly, our charges comprise our fees for legal work.
- Secondly, the term ‘disbursements’ refers to costs related to your matter that third parties must be paid, such as Land Registry fees. Additionally, we manage the payment of these disbursements on your behalf to ensure a smoother process.
- Thirdly, for property purchases, the charges include Stamp Duty Land Tax.
Additionally, please note that VAT will be applied at the current rate of 20%.
Lastly, our conveyancing fees for Sale and Purchase are detailed below.
Conveyancing Fee for Residential Sale
| PROPERTY SALE PRICE | OUR CHARGES |
|---|---|
| £ 0 – £125,000 | 900.00+VAT |
| £125,000 – £250,000 | 900.00+VAT – £1100.00+VAT |
| £250,001 – £400,000 | £1100.00+VAT – £1600.00+VAT |
| £400,001 – £500,000 | 1600.00+VAT – £1850.00+VAT |
| £500,001 – £650,000 | £1850.00+VAT – £2250.00+VAT |
| £650,001 – £800,000 | £2250.00+VAT – £2500.00+VAT |
| £ 800,001 – £1,000,000 | £2500.00+VAT – £5000.00+VAT |
| £1,000,001 plus | £5000.00+VAT – £7500.00+ VAT |
Additional Charges on a Residential Sale
- £150+VAT if the property is leasehold.
- £150+VAT for a Statutory Declaration/Arranging bespoke insurance.
- £150+VAT if you have a second mortgage or a Help to Buy loan.
- £45+VAT for each FASTER/CHAPS transfer.
- £25+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches).
Management Packs
Sometimes, management packs are necessary for leasehold properties or houses on estates. Specifically, they are obtained from managing agents or the management company. Typically, their fee is about £300, which varies.
Our Services Include
- Initial Instruction and advice.
- ID/AML check.
- Receive and advice on contract documents.
- Obtain further planning documentation if required.
- Respond to any necessary inquiries from buyers’ solicitor.
- Give you advice on all documents and information received.
- Send final contract to you for signature.
- Agree on completion date (date from which you own the property).
- Exchange contracts.
- Ensure all necessary funds are received from the buyer’s solicitors.
- Pay the lender to redeem the mortgage.
- Complete the sale.
Disbursements:
- HM Land Registry fees: Available through the HMLR website.
- Title Deeds £12.00 -£36.00 plus VAT depending on the type and number of searches required.
- CGT varies depending on the sale price and being BTL property.
- Bankruptcy searches £6.00 each plus VAT.
Conveyancing Fee for Residential Purchase
| PROPERTY PURCHASE PRICE | OUR CHARGES |
|---|---|
| £ 0 – £125,000 | 1100+VAT |
| £125,000 – £250,000 | £1100+VAT – £1300+VAT |
| £250,001 – £400,000 | £1300+VAT – £1500+VAT |
| £400,001 – £500,000 | 1500.00+VAT – £1750.00+VAT |
| £500,001 – £650,000 | £1750.00+VAT – £2250.00+VAT |
| £650,001 – £800,000 | £2250.00+VAT – £2950.00+VAT |
| £ 800,001 – £1,000,000 | £2950.00+VAT – £4100.00+VAT |
| £1,000,001 plus | £4100.00+VAT – £6500.00+ VAT |
Additional charges on a residential sale
- £200+VAT if the property is leasehold.
- £200+VAT to do searches.
- £200+VAT to work on behalf of the Lender.
- £150+VAT for a Statutory Declaration/Arranging bespoke insurance.
- £250+VAT if you have a second mortgage or a help to buy loan.
- £150+VAT if you have a Help to Buy ISA
- £45+VAT for each CHAPS transfer (We do not charge for BACS payments).
- £50+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches).
We estimate the charges for an average residential purchase search at about £299-350, including VAT. Initially, we require £360.00 on account to cover these search costs. These costs are additional to conveyancing fee of solicitor.
Our work includes
- Initial Instruction and advice.
- Check finances are in place and the source of funds and contact.
- Lender’s solicitors if needed
- Give you advice on all documents and information received.
- Go through the conditions of the mortgage offer with you.
- Send final contract to you for signature.
- Agree on completion date (date from which you own the property).
- Arrange for all monies needed to be received from the lender and you.
- Complete purchase
- Register charge on Land Registry.
- Deal with payment of Stamp Duty/Land Tax instructed (we do not give any advice and ask that a specialist tax advisor is consulted).
Disbursements
- HM Land Registry fees: Available through the HMLR website.
- Search Fees Between £300.00 and £400.00 depending on the type and number of searches required.
- Stamp duty varies depending on the purchase price.
- Bankruptcy searches £7.00 each.
- OS1 Priority search £7.00 each.
- Company search £50.00.
- Companies house reg £50.00.
- ID check fee per person £14.40
When buying leasehold properties, you often must sign a Deed of Covenant with the Landlord or the Management Company. Additionally, you must notify the landlord or Management Company of the transaction. Consequently, this may lead to higher charges from the management company. Therefore, you should budget roughly £200 for these conveyancing fees.
Firstly, you can calculate Stamp Duty Land Tax (SDLT) by visiting the link below. Secondly, we will submit this on your behalf. This service is part of our commitment to you. Stamp Duty Land Tax Calculator
You can calculate your Land Registration fee by visiting the link below. Additionally, we will submit this for you as part of our service. HM land registry fee: Fee calculator
Mortgage / Re-Mortgage
| PROPERTY PRICE | OUR CHARGES |
|---|---|
| £0 – £500,000 | £800.00+VAT |
| £500,000 – £750,000 | £1000.00+VAT |
| £750,001 – £1,000,000 | £1500.00+VAT |
| £1,000,001 plus | £2250.00+VAT |
Additional charges on a residential sale
- £150+VAT if the property is leasehold.
- £150+VAT for a Statutory Declaration/Arranging bespoke insurance.
- £150+VAT if you have a second mortgage or a Help to Buy loan.
- £45+VAT for each FASTER/CHAPS transfer.
- £25+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches).
Management packs are often necessary for leasehold properties or houses on estates. Firstly, you obtain them from managing agents or the management company. Additionally, these entities will charge a fee. Typically, the fee varies. However, you should anticipate a fee of around £300.
Our work includes
- Initial Instruction and advice.
- Check finances are in place and the source of funds and contact.
- Lender’s solicitors if needed.
- Give you advice on all documents and information received.
- Go through the conditions of the mortgage offer with you.
- Send final contract to you for signature.
- Agree on completion date (date from which you own the property).
- Arrange for all monies needed to be received from the lender and you.
- Complete purchase.
- Register charge on Land Registry.
- Deal with payment of Stamp Duty/Land Tax instructed (we do not give any advice and ask that a specialist tax advisor is consulted).
Disbursements
- HM Land Registry fees: Available through the HMLR website.
- Search Fees Between £250.00 and £400.00 depending on the type and number of searches required.
- Stamp duty varies depending on the purchase price.
- Bankruptcy searches £7.00 each.
- OS1 Priority search £7.00 each.
- Company search £30.00.
- Companies house reg £50.00.
Who will carry out the work?
- Director assisted by Solicitor.
- Solicitor/Director assisted by a Trainee Solicitor or a Paralegal.
- Paralegals.
Hourly Rates:
- Senior Director or Solicitors (8+ years) – £240 – £288 plus VAT.
- Case Worker (4+ years) – £197 plus VAT.
- Paralegals/Trainee Solicitor – £139 plus VAT.
Value Added Tax (VAT):
Our conveyancing fee include VAT. Additionally, if a third party is VAT-registered, their fee also includes VAT. Currently, the VAT rate stands at 20% of the quoted fee.
Disbursements
Disbursements are third-party costs related to your matter, such as search fees. Additionally, we manage these payments to promote a smoother process. Importantly, some disbursements are detailed in the property’s individual lease. Furthermore, we have listed the anticipated disbursements separately. However, this list is not exhaustive. Specifically, other disbursements, such as the conveyancing fee, may arise depending on the lease term. Finally, upon reviewing the lease from the seller’s solicitors, we will update you on the specific fees.
Stamp Duty Land Tax
The cost hinges on your property’s purchase price. Consequently, you can determine the required payment using HMRC’s website. Alternatively, if the property is in Wales, consult the Welsh Revenue Authority’s website.
Moreover, the final quote (conveyancing fee) will reflect the property’s value and transaction complexity. Additionally, we caution that unforeseen changes by others may occur. Therefore, we cannot identify these until we receive instructions and conduct inquiries. Lastly, we will notify you promptly of any extra charges, such as acquiring a management pack from the freeholder when selling a leasehold property.
Typically, the process lasts 6 to 8 weeks.
However, it can vary based on the involved parties. For instance, as a first-time buyer with a pre-approved mortgage, it might take only 6 weeks. Conversely, buying a leasehold property needing a lease extension could extend it to 3 to 4 months. Additionally, this situation would incur extra charges.
The average process takes between 1 to 3 weeks depends on the Lender conditions.