Frederick Rine Solicitors Conveyancing Pricing Information

The transactions we undertake are usually complex and time sensitive. Our clients are diverse and we have an experienced team that are empathetic to the difficulties of trying to sell or purchase a property.

Due to the bespoke nature of our services, the fees should be deemed as a guide only that may be influenced by the following factors, but this list is not exhaustive:

  • Leasehold or freehold
  • New build or off plan or second hand
  • The value
  • Timescale
  • Listed building
  • Unregistered land
  • Conditionality in contract
  • Mortgage financing
  • Title defects
  • Lease extension
  • Declaration of trust

If there are any changes during the transaction that may affect the fees we will inform you immediately and agree a way forward.

The cost of conveyancing work consists of the legal fees for our work and disbursements (costs paid by us to third parties on your behalf).

Legal Fees

Property Value Purchase
Leasehold Freehold
Under £200,000 £700.00 + VAT £600.00 + VAT
£200,001 – £250,000 £800.00 + VAT £750.00 + VAT
£250,001 – £ 350,000 £900.00 + VAT £850.00 + VAT
£350,001 – £500,000 £950.00 + VAT £900.00 + VAT
£500,001 – £750,000 £1,000.00 + VAT £950.00 + VAT
£750,001 – £1,000,000 £1,500.00 + VAT £1,000.00 + VAT
£1million – £1.5million £2,500.00 + VAT £2,000.00 + VAT
£1.5million & above £3,000.00 + VAT £3,000.00 + VAT
  Sale
  Leasehold Freehold
Under £200,000 £700.00 + VAT £600.00 + VAT
£200,001 – £250,000 £750.00 + VAT £700.00 + VAT
£250,001 – £ 350,000 £850.00 + VAT £750.00 + VAT
£350,001 – £500,000 £900.00 + VAT £800.00 + VAT
£500,001 – £750,000 £1,000.00 + VAT £850.00 + VAT
£750,001 – £1,000,000 £1,250.00 + VAT £950.00 + VAT
£1million – £1.5million £2,250.00 + VAT £2,000.00 + VAT
£1.5million & above £3,000.00 + VAT £3,000.00 + VAT
  Land Registration Fees for Sales & Purchases
£0 – £50,000 £40.00 £40.00
£50,001 – £80,000 £70.00 £70.00
£80,001 – £100,000 £120.00 £120.00
£100,001 – £200,000 £190.00 £190.00
£200,001 – £500,000 £270.00 £270.00
£500,001 – £1,000,000 £540.00 £540.00
£1,000,001 & above £910.00 £910.00
 
  Re-mortgages
£0 – £100,000 £350.00 + VAT
£100,001 – £200,000 £450.00 + VAT
£200,001 – £500,000 £550.00 + VAT
£500,001 – £1,000,000 £650.00 + VAT
£1,000,001 & above £750.00 + VAT
  Land Registration Fees for Re-mortgages
£0 – £100,000 £40.00
£100,001 – £200,000 £60.00
£200,001 – £500,000 £80.00
£500,001 – £1,000,000 £120.00
£1,000,001 & above £250.00

 

NOTE:

VAT is chargeable at 20% and where it is required to be paid, has been noted in the figures above.

Stamp Duty Land Tax is payable on a purchase. The amount will depend on the value of the property and your circumstances.

Please find the Stamp Duty rates for residential properties here: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

Disbursements

Disbursements are costs related to your transaction that are payable to third parties, such as HM Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process, which usually include:

  • Fees paid to HM Land Registry for copies of the documents of ownership of the property
  • A fee for searches of the Local Authority
  • Fees for bankruptcy searches
  • Fees charged by our bank for electronic money transfers;
  • Stamp Duty that we pay on your behalf to the HMRC.

We do not charge or pay referral fees.

Timescale

The timescale of property transactions depend on a number of factors, some of which are set out below:

  • Whether sale / purchase is dependent on simultaneous purchase / sale of any other property
  • Your speed in providing us with suitable and sufficient ID and proof of address documents, sufficient proof of source of wealth and funds
  • Both parties’ speed in providing replies / instructions to their conveyancers
  • Whether the buyer has a mortgage in place
  • Whether the buyer requests lease extension for a leasehold property
  • Speed of obtaining search results from local authorities and whether the searches flag up any issues
  • Whether buyer’s Survey shows up any issues such as physical defects
  • Existence of title defects
  • Existence of breaches of planning permission/listed building or building control
  • Availability of full pre-contract package from seller with all relevant title documents and planning documents

During your transaction you will be updated on anticipated timescales and if there are factors delaying the process of completing your transaction, we will keep you informed at the earliest opportunity, so you are always up to date of when the transaction is likely to be completed.

Outline of transaction

The precise stages involved in the purchase or sale of a residential property will vary according to the circumstances. However, we have set out below the key stages:

Purchase

  • Carry out the anti-money laundering checks as required by law
  • 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
  • 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
  • Draft the transfer and arrange for your signature on the completion documents
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • 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.

 

Sale

 

  • Take your instructions and complete our identification and money laundering checks including verifying source of wealth and funds.
  • Provide you with standard property questionnaires to complete
  • Check sale proceeds will be sufficient to discharge any existing mortgages on the Property
  • Draft contract documents and prepare sales pack
  • With your help, respond to  any enquiries by the  buyer’s  solicitor
  • Agree the contract and transfer with the buyer’s solicitor.
  • Agree completion date (date on which the property is transferred to the buyer)
  • Send final contract to you for signature
  • Exchange contracts and notify you that this has happened
  • Send transfer to you for signature
  • Complete sale
  • Send monies to lender to obtain discharge of any mortgage
  • Pay selling agent from sale proceeds (if agreed)
  • Return remaining funds to you.