Residential Conveyancing Fees
At Adams Harrison we pride ourselves on the service we provide and the fact that the majority of our work comes from recommendations and from repeat business from existing clients and their families. If you look at the review section on our website you will see that in most cases our reviews are 5 Star. We also feel that one of our strengths is that we do not pay referral fees to estate agents to get work. This means that the work we get is based on our reputation and not because we pay for it. Below are details of our fees. We have provided fees for a freehold purchase, a freehold sale, a leasehold purchase and a leasehold sale and also fees payable on a remortgage/mortgage. We have set out our basic fees and also listed various additions that might be added depending upon the location of the property and the type of property We would refer you to our Team Page for details of the individuals who will carry out work for you located at our various offices. Click here to use our fee calculator.
Freehold Purchase
In addition you will need to add the following:-. Average disbursements on a purchase Disbursements are costs related to your matter but are payable to third parties such as Land Registry fees.
- Stamp Duty – please see attached link for details of stamp duty payable. https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
- Land Registration fee – please see attached link to the Land Registry website for registration fees. https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees
- Searches (enviro, water, local) – average cost £259.62: Land Registry search fees – average cost £7.00; ID searches £3.60 per person
- Possible additional disbursements; Mining search – £24; Flood search – £24; Plans search – £28; Indemnity insurance – average cost £250
Possible additional legal costs
- New Build – £250.00 plus VAT
- Shared Ownership £350.00 plus VAT
- Retention Clause – £250.00 plus VAT
- Statutory declaration – £300.00 plus vat
- Help to Buy ISA – £50.00 plus Vat (per ISA)
- Help to Buy Mortgage – £275.00 plus VAT
- Declaration of Trust – £300.00 plus VAT
- Mortgage – £110.00 plus VAT
The above list of disbursements and additional fees is not exhaustive and other disbursements and additional fees may apply depending on the transaction. You may ask how long will my house purchase take. How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes about 8 – 10 weeks. It can be quicker or slower depending upon the parties in the chain for example if one party in the chain needs a mortgage and that takes some time to get that that can delay matters. The precise stages involved in the purchase of a residential property vary according to the circumstances. However we have suggested some key stages:-
- Taking your instructions and giving you initial advice.
- Receiving and advising on contract documentation.
- Carry out searches and obtain planning documentation if required.
- Making any necessary enquiries of the seller’s solicitors.
- Giving you advice on all documents and information received.
- Going through the conditions of any mortgage offer with you.
- Sending the final contract to you for signature.
- Agree a completion date (date from which you own the property).
- Exchanging contracts and notifying you that this has happened.
- Arrange for all monies needed to be received from lender and you.
- Complete the purchase.
- Deal with payment of Stamp Duty Land Tax.
- Deal with the application at the Land Registry.
Freehold Sale
In addition you will need to add on the following:- Average disbursements on a sale Disbursements are costs related to your matter but are payable to third parties such as: Land Registry fees; Office copy entries – average £9.00 – £12.00; ID searches £3.60 per person.
Possible additional disbursements: Planning documents from the local authority; Duplicate building regulation compliance certificates; Indemnity insurance – average £250.
Possible additional legal costs
- Shared Ownership £350.00 plus VAT
- Retention – £250.00 plus VAT
- Statutory declaration – £300.00 plus VAT
The above list of disbursements and additional fees is not exhaustive and other disbursements and additional fees may apply depending on the transaction. You may ask how long will my house sale take. How long it will take from an offer being accepted before you can sell your property will depend on a number of factors. The average process takes about 8 – 10 weeks. It can be quicker or slower depending upon the parties in the chain. For example if your buyer needs a mortgage then it may take some time to get that and that may delay the process. The precise stages involved in the sale of a residential property vary according to the circumstances. However we have suggested some key stages:-
- Receiving information from yourselves/estate agents regarding the sale of the property.
- Issuing the contract to the buyers’ lawyers.
- Dealing with any enquiries raised by the buyers’ lawyers and seeking your instructions.
- Replying to any enquiries raised by the buyers’ lawyers.
- Forwarding the contract to you to sign and return.
- Agreeing a completion date.
- Exchange contracts and notify you when this has happened.
- Apply for a redemption statement should there be a mortgage over the property so that we can arrange to pay all monies due to any lender.
- Complete sale.
- Deal with payment of monies and discharge of mortgage.
- Provide details of redemption of mortgage to the buyers’ lawyers if applicable.
Leasehold Purchase
In addition you will need to add on the following average disbursements on a purchase,
Disbursements are costs related to your matter but are payable to third parties such as
- Land Registration fee – please see attached link to the Land Registry website for registration fees. https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees
- Stamp Duty – please see attached link for details of stamp duty payable https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
- Searches (enviro, water, local) – average cost £259.62: Land Registry search fees – average cost £7.00; ID searches £3.60 per person.
- Possible additional disbursements: Mining search – £24; Flood search – £24; Plans search – £28; Indemnity insurance – average £250; Notice fees – £110 per notice (average); Deed of Covenant fee £200 (average).
Possible additional legal costs
- New Build – £250.00 plus VAT
- Shared Ownership £350.00 plus VAT
- Retention – £250.00 plus VAT
- Statutory declaration – £300.00 plus vat
- Help to Buy ISA – £50.00 plus Vat (per ISA)
- Help to Buy Mortgage – £275.00 plus VAT
- Declaration of Trust – £300.00 plus VAT
- Mortgage – £110.00 plus VAT
The above list of disbursements and additional fees is not exhaustive and other disbursements and additional fees may apply depending on the transaction. You may ask how long will my house purchase take. How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes about 12-16 weeks. It can be quicker or slower depending upon the parties in the chain. For example if one party in the chain needs a mortgage and that takes some time to get that that can delay matters. If you are purchasing a leasehold property then there are more searches and enquiries needed and more reliance on third parties to provide information which again can delay the chain. If you are buying a leasehold property that requires an extension of the lease again this can extend the time for completion. The precise stages involved in the purchase of a residential property vary according to the circumstances. However we have suggested some key stages:-
- Taking your instructions and giving you initial advice.
- Check finances are in place to fund the purchase.
- Contact lender solicitors if needed.
- Receiving and advising on contract documentation.
- Carry out searches and obtain planning documentation if required.
- Making any necessary enquiries of the seller’s solicitors.
- Receiving replies to enquiries.
- Giving you advice on all documents and information received.
- Going through the conditions of any mortgage offer with you.
- Sending the final contract to you for signature.
- Agree a completion date (date from which you own the property).
- Exchanging contracts and notifying you that this has happened.
- Arrange for all monies needed to be received from lender and you.
- Complete the purchase.
- Deal with payment of Stamp Duty Land Tax.
- Deal with the application at the Land Registry.
- Deal with notification of the transfer of the property to the landlord/management company.
Leasehold Sale
In addition you will need to add on the following average disbursements on a sale.
Disbursements are costs related to your matter but are payable to third parties such as Land Registry fees; Office copy entries – average £12.00 – £15.00; ID searches £3.60 per person.
Possible additional disbursements: Planning documents from the local authority; Duplicate building regulation compliance certificates; Indemnity insurance – average £250; Management Company fees – average £350.
Possible additional legal costs
- Shared Ownership £350.00 plus VAT
- Retention – £250.00 plus VAT
- Statutory declaration – £300.00 plus VAT
The above list of disbursements and additional fees is not exhaustive and other disbursements and additional fees may apply depending on the transaction. You may ask how long will my house sale take. Once you have accepted an offer on your sale the average process takes about 8 – 10 weeks. It can be quicker or slower depending on the parties in the chain. For example if your buyer needs a mortgage then it may take some time to get that and that may delay the process. We also have to deal with the management company in obtaining information and they can sometimes take some time to get the documentation together and send it to us. The precise stages involved in the sale of a residential property vary according to the circumstances. However we have suggested some key stages:-
- Receiving information from yourselves/estate agents regarding the sale of the property.
- Issuing the contract to the buyers’ lawyers.
- Dealing with any enquiries raised by the buyers’ lawyers and seeking your instructions.
- Replying to any enquiries raised by the buyers’ lawyers.
- Forwarding the contract to you to sign and return in readiness for exchange of contracts.
- Agreeing a completion date (date from which you will no longer own the property).
- Exchange contracts and notify you when this has happened.
- Apply for a redemption statement should there be a mortgage over the property so that we can arrange to pay all monies due to any lender.
- Complete sale.
- Deal with payment of monies and discharge of mortgage.
- Provide details of redemption of mortgage to the buyers’ lawyers if applicable.
Remortgage/Mortgage
In addition you will need to add on the following average disbursements on a remortgage/mortgage.
Disbursements are costs related to your matter but are payable to third parties such as Land Registry fees; Land Registration fee – please see attached link to the Land Registry website for registration fees; Searches (enviro, water, local) – average cost £259.62 but it may be possible to take out a search indemnity insurance policy at a much lesser cost, depending upon your mortgage lender’s instructions; Land Registry search fee – average cost £3.00; Bankruptcy search fee – £2.00 per name (full name); Office copy entries/documents – average £9.00; ID searches £3.60 per name (full name)
Possible additional legal costs
- Shared Ownership £350.00 plus VAT
- Statutory declaration – £300.00 plus VAT
The above list of disbursements and additional fees is not exhaustive and other disbursements and additional fees may apply depending on the transaction. How long will it take to complete my remortgage/mortgage? This will depend on a number of factors, but the average length of time is 4-8 weeks from receipt of mortgage instructions. The key stages in a remortgage are as follows:-
- Taking your instructions and seeking information from you.
- Receiving and examining mortgage instructions.
- Carry out searches (if required) or obtaining a quotation for a search indemnity insurance policy, depending upon your lender’s requirements.
- Examining your legal title and raising with you all enquiries as is necessary.
- Reporting to you on the terms of your new mortgage offer.
- Arranging for you to sign the mortgage deed in readiness for completion.
- Setting a date for completion, reporting to your new mortgage lender and requesting the new mortgage advance.
- Sending you a financial statement and receiving from you any sums required to complete, to include costs and disbursements.
On the day of completion:-
- Repaying your existing mortgage lender, if there is one.
- Completing the new mortgage.
- Accounting to you with the proceeds of the remortgage/mortgage (if any)
- Registering the new mortgage at the Land Registry.