Conveyancing Fees

Schedule of Basic Conveyancing Fees

VALUE SALE VAT PURCHASE VAT
£0 – £150,000 £525 £105 £575 £115
£150,001 – £300,000 £555 £111 £625 £125
£300,001 – £500,000 £595 £119 £675 £135
£500,001 – £700,000 £695 £139 £775 £155
£750,001 + £795 £159 £850 £170

Right to buy properties £475.00 + vat £95.00

Conveyancing fees added on if applicable
Bank Transfer Fee £25.00 + vat £5.00 = £30.00
Mortgage Redemption (Sale) £75.00 + vat £15.00 = £90.00
Mortgage (Purchase) £75.00 + vat £15.00 = £90.00
Stamp Duty Land Tax form £75.00 + vat £15.00 = £90.00
New Build Properties £75.00 + vat £15.00 = £90.00
Leasehold
Sale and purchase £100.00+VAT 20.00=£120.00
Lawyer Checker £25.00 + vat £5.00 = £30.00

Payments to be made on a Sale or purchase. These payments are subject to change.

Sale
Office copy Entries £6.00 per title
Office copy documents £3.00 per document
Purchase
Searches through our search Provider  
Drainage Search £56.40 inc VAT
Coal Authority Search £43.60 inc VAT
Chancel Search £24.00 inc VAT
Environment and Plans Search £86.76 inc VAT
Land Registry Official Search £3.00 per title
Land Charges Bankruptcy search £2.00 per name
Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

At present first time buyers do not pay stamp duty on properties up to £300,000.00 and 5% on the portion between £300,001 to £500,000.00.
If you are purchasing a second home on all stamp duty rates then this will increase by 3% on each band including up to and including £125,000.00.

Property purchases in Wales are subject to Land Transaction Tax which have different rates

Land Registry Fees Electronic First Registration
£0 – £80,000.00 £20.00 £40.00
£80,001 – £100,000 £40.00 £80.00
£100,001 – £200,000 £95.00 £190.00
£200,001 – £500,000 £135.00 £270.00
£500,001 – £1,000,000 £455.00 £910.00
PURCHASE OF FREEHOLD
Our Costs £475.00 + VAT £95.00
Costs for Bank Fee £25.00 + VAT £5.00
Payments Out
Office Copy Entries £6.00
Office Copy Documents £3.00
Land Registry Fee £40.00
Land Registry Search Fee £3.00
Total Fees Payable £649.00

When purchasing the freehold the buyer is responsible for the fees for the seller and the seller”s valuer.

PURCHASE OF LEASE EXTENSION
Our Costs £495.00 + VAT £99.00
Costs for Bank Fee £25.00 + VAT £5.00
Payments Out
Office Copy Entries £6.00
Office Copy Documents £3.00
Land Registry Fee £40.00
Land Registry Search Fee £3.00
Total £676.00
REMORTGAGE
Our costs £425.00 + VAT £85.00
Payments out
Office copy entries £6.00
Land Registry search £3.00 per title
Bankruptcy search £2.00 per name

The land registry fee is determined on the value of the property and is usually between £30.00 and £40.00

The lender will also require a local search and a drainage search.

All of our fees are subject to change.

Our fees assume that it is a standard matter and that there are no unforeseen issues arising (including for example a defect in the title which requires putting right before completion or the preparation of any additional documents supplementary to the sale or purchase).

DESCRIPTION OF WORK FOR CLIENTS SELLING AND/OR BUYING A PROPERTY

The purpose of this document is to give you some idea of the procedures involved when buying and selling a house.

BEFORE SIGNING AND EXCHANGE OF CONTRACTS (i.e. Before you are legally committed to complete)

In a straightforward purchase with no unusual problems arising our procedure (briefly) is as follows:-

YOUR SALE

  1. We contact your Estate Agent (if any).
  2. We obtain your deeds from your building society or bank and obtain provisional repayment sum.
  3. We obtain up to date copies of your Title Deeds from the Land Registry.
  4. We prepare and send out a draft contract to your purchaser”s solicitors.
  5. We reply to any enquiries sent to us by your buyer’s representatives.
  6. We check to see whether or not your purchaser’s have received their mortgage offer (if any).

YOUR PURCHASE

  1. We take your instructions.
  2. We contact the Estate Agents (if any)
  3. We obtain draft contract from your Vendor’s solicitors.
  4. We deal with the searches which are against the Property.
  5. We raise enquiries on the contract and legal papers (boundaries, guarantees etc.).

At the same time, your seller’s solicitors and buyer’s solicitors will be carrying out the same procedure for their clients.

When all of the above matters are completed, and if your sellers and buyers are ready, you will be in a position to exchange contracts. This will legally bind both you and your vendors and purchasers to complete the transactions. At this stage, we will ask you to sign the contracts. You should now discuss with the vendor and purchaser the date you would like to move, bearing in mind that we need on average a further fourteen days from exchange of contracts to finalise our preparations for completion. If two or more people are buying together we will advise as to the two methods of ownership: Joint Tenants or Tenants in Common.

AFTER EXCHANGE OF CONTRACTS AND BEFORE COMPLETION (MOVING) DATE

You will now have a date for completion and you should make arrangements with your removal firm and with your vendors and purchasers to have the gas and electricity meters read and the telephone transferred etc., on completion day. You should also deal with Council Tax, Water Rates and Sewage Rates.

We continue with the transaction as follows:-

YOUR SALE

  1. We approve the final Legal Documents of Transfer.
  2. We reply to any final queries.
  3. We obtain final redemption statements from your lender.

YOUR PURCHASE

  1. We prepare the final legal transfer and mortgage.
  2. We carry out final searches (bankruptcy etc.).
  3. We request the funds from yourselves and your lender.

A few days prior to completion we shall arrange for you to sign the Transfer documents and your Mortgage Deed and if necessary pay our account.

The time scale for a sale or purchase can be as little as six weeks or depending on any complexity, receipt of searches or mortgage offer as much as ten to twelve weeks.
Unfortunately it is not possible to give accurate time scales.

The Conveyancers at Roskell Davies & Co are all experienced and have dealt with Conveyancing for over thirty years.
The Conveyancers consist of one Solicitor and one Fellow of the Chartered Institute of Legal Executives.
We are a friendly Firm and believe in meeting our clients and dealing with all of their conveyancing needs.