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Our Fees - Sale, Purchase or Re-mortgage of a Residential Property
Our Fees for the Sale, Purchase or re-mortgage of a Residential Property
For many people, a property purchase is by far the largest financial commitment of their lives and there is no doubt that moving home can be a stressful experience. Whether you are buying or selling your property, or even buying for the first time, our aim is to provide each and every client with a personal and accessible service whilst utilising the latest technology to make the process as efficient, quick and trouble free as possible.
Conveyancer's fees and disbursements:
Fees for the conveyance of residential property or real estate which comprise:
(i) Freehold or Leasehold sales or purchases; or
(ii) mortgages or re-mortgages;
We charge £1,125.00 + VAT on average for a freehold sale.
We charge £1,200.00 + VAT on average for a freehold purchase.
We charge £1,375.00 + VAT on average for a leasehold sale.
We charge £1,450.00 + VAT on average for a leasehold purchase.
We charge £500.00 + VAT on average for a re-mortgage.
Please note that all fees are indicative, exclusive of Disbursements, and are intended as a guide to assist with your budgeting. For the purposes of the above "average" charges, we have calculated costs based on a property transaction value of £225,001 - £250,000. For a guide to our fees for transactions outside this range, please see our "Estimated Fees" Guide or contact us for a Conveyancing Quote HERE.
Our fees cover all of the work (excluding third party costs) required to complete the sale or purchase of your home, including dealing with registration at the HM 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.
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.
1. To obtain a copy of the Legal title from Land Registry at £3.00 per document. Generally £6.00 - £15.00 depending on how many further documents are filed under the Title. For example, a Freehold property with no documentation referred to within the Title would cost £3.00 for the Title and £3.00 for the Plan. With a Leasehold Title however, this will usually include both the Leasehold Title and Plan, the Freehold Title and Plan. together with a copy of the Lease. Therefore five documents would accrue a cost of £15.00. All costs plus VAT.
2. Telegraphic Transfer fee to redeem mortgage: £20.00 + VAT.
1. Local Search, Drainage Search and Environment Search: approximately £300.00 (£220.00 average Exeter transaction), which is variable subject to which Local Authority the property falls under.
2. Telegraphic Transfer fee to send Purchase Money: £20.00 + VAT.
3. Pre-Completion searches to protect your interest in the property: £3.00 - £7.00 + VAT.
4. Stamp Duty or Land Tax (on purchase). This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.
You may also wish to visit the HM Land Registry website for Land Registration Fee.
All figures quoted are estimates only, correct at time of publication, and intended to provide a guide to overall costs only. There are factors which would typically increase the cost of our service such as if the property is new build, has solar panels that are leased, or if the Legal Title is defective. Where other unusual factors exist, such as private drainage etc, then our fees are charged on a case by case basis.
The Team involved in providing your conveyancing services can be found here: Rundlewalker Residential Conveyancing Team.
If you would like to instruct us to act on your behalf, please contact us HERE.
How long will my transaction take?
Although we will deal with your matter as efficiently as possible, we are unable to guarantee the time it will take to complete your transaction. We are reliant on others to provide the necessary documents and information to allow us to do our work and complete the transaction. We are therefore dependent upon factors outside of our control.
Please do however let us know if you have a preferred Completion Date and we will do our utmost to achieve this but no guarantees can be given. A typical timescale for the Completion of a single sale/purchase is 6 to 8 weeks, but do bear in mind that until Contracts are Exchanged and a Completion Date agreed by all parties (including those in any “chain”), nothing is certain. A gap of 2 weeks or more between Exchange of Contracts and the Completion Date is advised.
Our First Time Buyer Conveyancing Guide attached shows the process.
Stages of the process:
The precise stages involved in the purchase of a residential property vary according to the circumstances, but will typically include:
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase and contact lender's solicitors if needed
- Receive and advise on contract documents
- Carry out searches
- Obtain further planning documentation if required
- Make any necessary enquiries of seller's solicitor
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at HM Land Registry
You are very welcome to give us your feedback HERE.
If you wish to make a complaint, please contact us immediately. We have a complaints handling procedure, which you can read HERE.
Rundlewalker confirm that nothing on this website shall constitute legal advice and any information provided is for guidance purposes only. Rundlewalker are not responsible for any loss arising from reliance on the content of this website, nor for any loss arising from the use of any links shown on this website.
If you require specific legal advice, we suggest you to attend an appointment with one of our solicitors so that they can provide tailored advice relevant to your particular circumstances. This website should not be treated as an alternative source of legal advice.
Important Information For Your Protection:
We welcome your enquiry but please be assured that the use of the Internet or this form for communication with the firm or any individual member of the firm, does not establish a solicitor-client relationship. Confidential or time-sensitive information should not be sent through this form.