Residential Conveyancing

Fees Page

Conveyancing is the legal transfer of property from one owner to another, during the transfer process legal documents will need to be prepared, checked and submitted in accordance with UK Law.

Mark Matthews Solicitors, provide residential conveyancing services, that help you to navigate the minefield that can be property ownership.

Listed below are a few of the items you will probably need to navigate during the process of buying or selling your property, have a read through to help familiarise yourself.

Estate Agents

If you are buying or selling a house your first point of contact will probably be with an estate agent. An estate agent should give you written confirmation of their instructions to sell, what commission you have to pay and when you will have to pay.

Subject to offer

If you are buying a property and make an offer you should make it subject to contract. This means that if a survey shows up a defect or there is another problem you can pull out of the deal. An estate agent may ask for a small deposit at this stage but you are not committed to the sale and you will get the deposit back if the sale falls through.

What the property price includes

The items normally included with a property when it is sold are often called fixtures and fittings.

When selling a property your solicitor will normally get you to make a detailed list of what is included, the fixtures and fittings, this then forms part of the contract of sale.

When buying a property the buyer should request a copy of the included fixtures and fittings and not just assume that an item they have seen in an estate agents photo, or during a property visit is included in the sale price.

Surveys

There are three different types of survey giving varying amounts of information and detail. Mortgage survey is carried out by your building society/mortgage lender and will give limited information. It merely reflects that the price offered is close to the property’s value so it can be recovered if the property has to be sold. House buyer’s report is more detailed, and a full structural survey is the most thorough.

Contracts

You will be legally committed to the sale and cannot pull out once contracts have been signed and exchanged. At this point the buyer will usually pay 10% of the agreed price. The sale will be complete when the buyer pays the balance of the monies due.


Residential Conveyancing Legal Fees

Service TypePrice Range From – To
Freehold Residential Sale£450 – £900 + Vat
Leasehold Residential Sale£550 – £1100 + Vat
Freehold Residential Purchase£500 – £1000 + Vat
Leasehold Residential Purchase£550 – £1100 + Vat
Re-Mortgae£450 – £600 + Vat
Transfer Of Equity£400 – 600 + Vat

Disbursements for Freehold Purchases

Service TypePrice £
Standard search fees
**Approximate – custom searches are offered at
additional charges
£250
HM Land Registry Fee
**Approximate – depends on property value
£95
Land Registry Search Fee£3
Bankruptcy Search Fee for Mortgage Provision.
(Cost Per Person on Mortgage Application)
£2
Office Copies (per copy)£6

Stamp Duty

Stamp duty is payable based on the current prevailing government rules and rates , but usually is based on the purchase price, and and will be advised at the appropriate time. For more information on Stamp you may wish to visit the HMRC website and search for Stamp Duty.

Disbursements for Leasehold Properties

Service TypePrice £
Standard search fees
**Approximate – custom searches are offered at
additional charges
£250
HM Land Registry Fee
**Approximate – depends on property value
£95
Land Registry Search Fee£3
Bankruptcy Search Fee for Mortgage Provision.
(Cost Per Person on Mortgage Application)
£2
Office Copies (per copy)£6
Notice Of Transfer
** If chargeable this fee will be documented in the lease
Various
Notice Of Charge
** If Chargeable this fee will be documented in the lease
Various
Deed of Covenants
** If Applicable this fee can be circa £250, but would need to be verified
Various
Certificate of Compliance
** Can be confirmed on receipt of the lease agreement. circa £100
Various

** These are just a examples of the sort of disbursements that may applied to a lease, it is not be an exhaustive list and only an inspection of the lease will confirm if there are other disbursements required, again until the lease is inspected it is not possible to be specific about the charges therein.