This page sets out our fees for the following:
For details of the stages of the process please see our Residential Property pages.
Purchase of a freehold residential property
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.
The fees are applicable to property up to the value of £1,000,000.00. Property above this value will be charged at 0.1% of the purchase price.
Conveyancer's fees and disbursements:
- Legal fee £895.00 - £3000.00
- Search fees £350.00 approx
- HM Land Registry fee £40.00 – £270.00 for property up to a value of £1,000,000.00 and £455.00 for a property over £1,000.000.00. The exact amount depends on the exact value of the property and assumes that the application can be made electronically at the Land Registry.
- Electronic money transfer fee £35.00 plus VAT
- VAT payable on Legal fee at 20%
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.
Stamp Duty or Land Tax (on freehold purchase)
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using this Government calculator or if the property is located in Wales by using this alternative.
Purchase of a leasehold residential property
The fees are the same as purchasing a freehold property except that there is an additional Conveyancer’s fee of £150.00 plus VAT
There are Disbursement unique to Leasehold property that may be applicable. 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. They are set out below:
- Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £30.00 - £50.00.
- Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £30.00 -£50.00
- 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 £150.00 - £250.00.
- Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £100.00 - £200.00.
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
Stamp Duty or Land Tax (on leasehold purchase)
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using this Government calculator or if the property is located in Wales by using this alternative.
Sale of a freehold residential property
Our fees cover all of the work required to complete the sale of your home, including dealing with Land Registry and redeeming any mortgages.
The fees are applicable to property up to the value of £1,000,000.00. Property above this value will be charged at 0.1% of the sale price.
- Legal fee £895.00 - £3000.00
- Electronic money transfer fee £35.00 plus VAT
- VAT payable on legal fees at 20%
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.
Sale of a leasehold residential property
The fees are the same as purchasing a freehold property except that there is an additional Conveyancer’s fee of £150.00 plus VAT
- Legal fee £895.00 - £3000.00
There are disbursements unique to Leasehold property that may be applicable. These fees vary from property to property and can on occasion be significantly more than the ranges given below. We can give you an accurate figure once we have sight of your specific documents. They are set out below:
- Managing agents/Freeholder pack. Often the fee is between £200.00 - £500.00.
- Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £100.00 - £200.00.
VAT payable on legal fees at 20%
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.
Remortgage of a residential property
Our fees cover all of the work required to remortgage your home, including dealing with registration at the Land Registry.
The fees are applicable to property up to the value of £1,000,000.00. Property above this value will be charged at 0.1% of the purchase price.
Conveyancer's fees and disbursements
- Legal fee £600.00
- Search fees £350.00 approx
- HM Land Registry fee £20.00 – £60.00 for property up to a value of £1,000,000.00 and £125.00 for a property over £1,000.000.00. The exact amount depends on the exact value of the property and assumes that the application can be made electronically at the Land Registry.
- Electronic money transfer fee £35.00 plus VAT
- VAT payable on Legal fee at 20%
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.
Additional Fees
For each transaction there may be additional fees and charges where the work is particulary complicated. These are set out below.
| Type of additional work: | FEE (ex VAT) |
|---|---|
| Additional Documentation – Deed of Covenant | £125.00 |
| Additional Documentation –Lease Extension on agreed terms | £650.00 |
| Additional Documentation – Undertaking for Access prior to completion | £75.00 |
| Borrowing – Additional Mortgage or Loan | £185.00 |
| Completion – Expedited completion (see Terms of Service) | £200.00 |
| Completion – Simultaneous exchange/completion | £200.00 |
| Declaration of Trust | From £500+VAT |
| Dealing with Third Parties- e.g. other Solicitor (associated with civil or matrimonial matter) | £120.00 |
| Dealing with - Flying Freehold | £120.00 |
| Dealing with - Help to Buy Equity Mortgage | £500.00 |
| Dealing with – Help to Buy ISA | £50.00 |
| Dealing with - Land Registry/other bodies to correct registration defects | £100.00 |
| Dealing with - Mortgage Retention | £120.00 |
| Dealing with - Private Mortgagee on a sale | £125.00 |
| Dealing with - Mortgagee’s Solicitors (when it is not Bennett Oakley) | £185.00 |
| Dealing with - Repaying Help to Buy Loan | £250.00 |
| Dealing with - Repaying Additional Mortgage or Loan | £75.00 |
| Dealing with - Service Charge Retentions (other retentions TBC) | £185.00 |
| Dealing with - Share of Freehold when buying or selling Leasehold | £110.00 |
| Dealing with – Staircasing in addition to sale or purchase | £125.00 |
| Dealing with – Stamp duty – Specialist tax advice (relating to staircasing transactions only) | £125.00 |
| Fee – Complete online form for Stamp Duty Land Tax | £75.00 |
| Fee – E Conveyancing from £20 to £30 | TBC |
| Fee – Land Registry portal application online | £50.00 |
| Fee – Leasehold administration | £125.00 |
| Fee – New Build Property | £125.00 |
| Fee – Transfer of Equity | £350.00 |
| Fee – Transfer of Equity with Mortgage | £500.00 |
| Insurance – Arranging Indemnity Policy (per policy) | £55.00 |
| Overseas bank transfer | £60.00 |
| Retrieving a file from storage | £200.00 |
| Unregistered Conveyance | £400.00 |
| Approve a Deed of Variation of Estate Rent Charges | £500.00 |
| Drafting a Deed of Variation of Estate Rent Charges | £750.00 |
