Residential Conveyancing Fees

Additional costs and disbursements that may apply

Stamp Duty Land Tax (SDLT)

Stamp Duty Land Tax (SDLT) may be payable when you purchase a property, extend a lease or where you are transferring a property to someone else (known as a ‘transfer of equity.’)  This will depend on the amount of consideration being paid for the transaction. Please click on the following link which will lead you to the SDLT calculator on the HMRC website to check to see whether SDLT is payable on your transaction and if so how much: Click Here…

Leasehold Sales

A leasehold pack will need to be obtained from the Landlord / Management Company and they will charge a fee for this. We will advise you of these costs once they are confirmed. Licence to Assign fees may be payable to the Landlord/ Management Company should a Licence be required under the terms of the lease and we will confirm the costs once the information has been provided.

Leasehold Purchases

Various fees will be payable to the Landlord /Management company after completion as stipulated in the lease and the leasehold pack(s) which the seller will provide. These include but are not limited to: Deed of Covenant, Notice of Assignment and Charge, Compliance Certificate and Company Membership fee.  These fees will be confirmed as soon as the information is received.

Leasehold Transfer of Equity / Remortgage

A notice of Charge or Assignment will most likely need to be served on the Landlord / Management Company following completion where there has been a transfer of equity or a remortgage. A Deed of Covenant may also need to be entered into where there has been a transfer of equity. These fees will be confirmed once the information has been obtained.

Indemnity Insurance

If, during the course of your transaction, it transpires that you will require an indemnity insurance policy, e.g. due to lack of building regulations approval for works carried out, a missing deed, breach of unknown restrictive covenant, ‘no search’ indemnity or some other issue, then we will advise you of the cost of the policy at the appropriate time.

Timescales

We will always do our best to work to your particular time frame, but this is dependent on the circumstances of your conveyancing transaction.   The time frame of a conveyancing matter is extremely difficult to predict.

You should allow between 6 to 8 weeks for a sale or purchase to proceed to completion when there is no chain involved. This timescale applies from the date of receipt of the draft contract papers for a purchase and the issuing of the draft contract papers for a sale. If there is a chain involved, you should perhaps add an additional 2 to 3 weeks to that time frame for each property in the chain on either side of you.  We have broken down the sale and purchase timescales below.

A remortgage or transfer of equity transaction should take less time and we would estimate 4 weeks.

Purchases

Exchange of Contracts:
4 to 6 weeks approximately from receipt of draft contract papers

Completion:
can be simultaneous with exchange of contracts or a week to 4 weeks after exchange. In some cases, the parties may agree on a longer period between exchange and completion

Post completion formalities:
These are concluded within 30 days which includes filing the SDLT Return at HMRC, payment of SDLT, lodging the application to register the new ownership at Land Registry and dealing with any other post completion formalities, e.g., serving notices etc on the Landlord / Management Company for a leasehold property.

(For a new build property, the time scales will depend on the terms of the contact and the anticipated completion date of the construction of the property itself.  Exchange of contracts is usually required to take place within 4 to 6 weeks of receipt of draft contract papers with a ‘long stop date’ being agreed by which completion of the purchase must take place.)

Sales

Exchange of Contracts:  
4 to 6 weeks approximately from receipt of draft contract papers

Completion:  
can be simultaneous with exchange or a week to 4 weeks after exchange although in some cases the parties may agree on a longer period between exchange and completion

Post Completion Formalities:  
On completion any mortgage(s) registered against the property will be redeemed, agent’s invoice will be settled, and any sale proceeds are sent to clients on the day of completion or the following working day.

Who will be dealing with your matter?

Our Property Team consists of Partners, Solicitors, a Trainee Solicitor and Paralegals. Your matter will be dealt with by a Partner, Solicitor or Trainee Solicitor who will be assisted by our Paralegals. Please go to Our Team page for details of the members of our Property Department.

 

In residential conveyancing and in some other cases we can agree a fixed fee for the whole case or certain stages in a case. We will be able to give you an indication as to whether your case is suitable for a fixed fee after an initial consultation

We are obliged to provide you with detailed information in relation to costs for work undertaken in certain areas of law. Please click on the links below and feel free to contact us should you have any queries.

Conveyancing Fees

The below fees are indictive and will be determined on a case by case basis

  • Conveyancing Fees (All prices below are excluding 20%VAT)
  • Purchase Fees £0.00 - £250,000.00 = £650.00 £250,000.01 - £500,000.00 = £750.00 £500,000.01 - £750,000.00 = £850.00 £750,000.01 - £1,000,000.00 = £950.00 £1,000,000.01 + Please contact us for the price
  • Sale Fees £0.00 - £250,000.00 = £650.00 £250,000.01 - £500,000.00 = £750.00 £500,000.01 - £750,000.00 = £850.00 £750,000.01 - £1,000,000.00 = £950.00 £1,000,000.01 + Please contact us for the price
  • Re-mortgage £0.00 - £500,000.00 = £450.00 £500,000.01 - £1,000,000.00 = £500.00
  • Transfer of Equity £500.00
  • Additional Fees Additional fee for Leasehold - £225.00
    Mortgage Administration fee (for purchases only) - £225.00
    Redemption of each charge (sale only) - £100.00
    Our fees for arranging a CHAPS transfer (per transaction) - £40.00
    Drafting a Declaration of Solvency - £150.00
    Drafting a Deed of Gift -£150.00
    Dealing with Unregistered Title - £225.00
    Help to Buy Purchases - £250.00
    Help to Buy ISA - £75.00
    Preparing and submitting SDLT return - £125.00
    Dealing with an Auction Transaction - £200
    New Build Fee - £225
  • Disbursements Lawyer checker - £14.40
    AML - £13.50 per person
    Official copy documents (e.g., title register, lease etc) - £3.90 per document
    Bankruptcy - £2.90 per person
    Lender Panel Admin Fee - £18.00
    OS1/OS2 (Land Registry Search) - £3.90
    Local Searches (dependent on the location of property): £250.00 - £450.00 approximately
    Land Registry Fee: £20.00 to £910.00*

*Land Registry fees are payable on the registration of an application to amend the Register held at Land Registry. Please click on the following link to calculate the fee payable: Click Here…

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Do you need any help?

Our Conveyancing Experts are

JITESH-PATEL-LINKS-LEGAL
Partner and Director

Jitesh Patel

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Jeevah-Haran-LINKS-LEGAL
Solicitor

Jeevah Haran

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1-5
Solicitor

Daniel Bean

Nadia_Khadem-LINKS-LEGAL
Solicitor

Nadia Khadem

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Solicitor

Duv Ratna

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Bhumika-LINKS-LEGAL
Solicitor

Bhumika Patel

What Our Clients Say?

Links Legal
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Nikhil DattaniNikhil Dattani
12:04 05 Jun 23
Nadia & Suraj dealt with the sale of my flat.From start to finish they were extremely efficient, kept me updated and helped with any queries that I had. Both were reachable whenever I needed them as well!I would definitely use them again, and would recommend them highly to anyone looking to buy / sell a property.
Jhon RamirezJhon Ramirez
08:12 23 May 23
Tahmina and the Links Legal team were great throughout the entire process of purchasing our property. Their efficiency and prompt progress, coupled with their excellent communication, made everything go smoothly. We are very grateful for their tremendous help and support. Thank you for making this experience so positive and stress-free!
Football BrothersFootball Brothers
15:16 04 Jan 23
fantastic service provided assisting with out house purchase. Totally professional approach dealing with all issues and problems quickly and thoroughly.I recommend anyone to use their services if you are moving house, they made the process a very simple one.
Lauren IeldenLauren Ielden
22:34 20 Dec 22
Nadia and Suraj were brilliant!! They were extremely responsive and efficient throughout the flat purchase process. Despite a few hurdles, both worked hard to make sure the purchase went through. Highly recommend Links Legal. Will definitely be using their services again for all future conveyancing matters.
Kirsten WebbKirsten Webb
12:52 08 Dec 22
Nadia and Suraj were incredible. Efficient, seamless and always available for an update call or email. Pleasure to use as my legal agents and I absolutely will use again! Service was 10/10 as was the guidance and advice. Thank you both so much. You made a challenging transaction simple and smooth! You’re fantastic. Highly recommend.
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