Buckles Solicitors LLP has hit the ground running in the early months of 2021 with several significant appointments and promotions across a range of legal departments. Among the new recruits,...
Conveyancing pricing
Selling and/or buying a property
Our fees cover all of the legal work required to complete the sale or purchase of a property from the point at which an offer is accepted through to completion and include repayment of any mortgage on a sale and payment of any Stamp Duty Land Tax and registration of your ownership of the property at the Land Registry on a purchase.
Our fees are based on a standard transaction with no unforeseen matters arising. In the unlikely event that an issue arises which would result in an increase of our fees, we will provide you with a full detailed explanation of the issue, details of the additional legal work required and of any additional legal fees which would be payable.
Legal fees
Every firm of Lawyers will operate a fixed fee for buying and selling residential properties and the amount of the fee will vary from firm to firm. Our legal fees for buying or selling a property are based on the property price and where you are located. The conveyancing work will be undertaken by the office closest to where you are living. We have offices in Cambridge, London, Nottingham, Peterborough and Stamford. Please click here for conveyancing legal fees. As well as the standard conveyancing fees you may need to pay for additional items and expenses. These lists are further down the page here.
What our fee includes for a standard sale or purchase*:
| Sale | Purchase |
|---|---|
| Taking your instructions and giving you initial advice | Taking your instructions and giving you initial advice |
| Drafting, issuing and advising on contract documents | Receiving and advising on contract documents |
| Replying to enquiries of buyer’s solicitor | Carrying out searches |
| Giving you advice on what documents and information are required to be sent to buyer’s solicitor | Obtaining further planning documentation if required |
| Sending final contract to you for signature | Making any necessary enquiries of seller’s solicitor |
| Agreeing completion date (date from which the buyer owns the property) | Giving you advice on all documents and information received |
| Exchanging contracts and notifying you that this has happened | Going through conditions of mortgage offer with you |
| Completing the sale | Sending final contract to you for signature |
| Repaying any mortgages secured against the property | Advising on joint ownership |
| Agreeing completion date (date from which you own the property) | |
| Exchanging contracts and notifying you that this has happened | |
| Arranging for all monies needed to be received from lender and you | |
| Completing purchase | |
| Dealing with payment of Stamp Duty/Land Tax | |
| Dealing with application for registration at Land Registry |
What our fee includes for a leasehold sale or purchase
All of the above* plus:
| Sale | Purchase |
|---|---|
| Making any necessary enquiries of landlord/managing agent | Making any necessary enquiries of landlord/managing agent |
| Corresponding with freeholder/managing agent | Corresponding with freeholder/managing agent |
| Reviewing the lease to ascertain requirements to be complied with before sale can complete | Drafting Transfer |
| Dealing with requirements to any superior landlord | Advising you on joint ownership |
Additional legal fees
In certain circumstances, additional work will be required and the following legal fees will be payable:
| If you are having a mortgage to buy a property | £216.00 inc. VAT |
| If the property you are selling or buying is leasehold | £240.00 inc. VAT |
| If you are selling or buying a property with a sitting Tenant | £216.00 inc. VAT |
| If you are selling or buying a property under a Shared Ownership Lease |
£216.00 inc. VAT |
| If you are utilising a Help to Buy ISA for the deposit to buy a property |
£72.00 inc. VAT |
| If you are taking out a Help to Buy Equity Loan to buy a property | £240.00 inc. VAT |
Expenses
In addition to the legal fees, a number of expenses (often referred to as ‘disbursements’) are payable to third parties as follows:
| Expenses to buy a property | |
| Search Fees including Local Authority, Drainage & Water, Environmental, Chancel Repair, Land Registry and Bankruptcy searches. The exact search fees will depend on the location of the property |
£250.00 – £350.00 inc. VAT (approximately) |
| Land Registry Fee which is dependent on the property price and can be checked at: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees |
£40.00 – £910.00 |
| Stamp Duty Land Tax which is dependent on the purchase price and your personal circumstances. Stamp Duty Land Tax can be calculated at: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro |
To be calculated |
| Bank Transfer Fee to transfer purchase monies for completion | £36.00 inc. VAT |
| If you are buying a leasehold property, a Notice fee will be payable to the Landlord or Management Company. The fee charged varies depending on the Landlord or the Management Company. |
To be confirmed |
| Expenses to sell a property | |
| Official Land Registry copies of the registers of title and plan | £6.00 |
| Official Land Registry copies of any registereddocuments |
£3.00 per document |
| Bank Transfer Fee to repay any mortgage | £36.00 inc. VAT |
| If you are selling a leasehold property, a Management Information Pack will need to be obtained from the Landlord or Management Company. The fee charged for management information varies depending on the Landlord or the Management Company. |
To be confirmed |
How long will my house sale or purchase take?
How long it will take from an offer being accepted until you can move will depend on a number of factors.
Generally speaking, a sale or purchase can take anywhere between 6 and 12 weeks to complete. However,
conveyancing transactions proceed only as quickly as the slowest transaction in the chain. Therefore if there
are hold ups or complications, either further up or lower down the chain, then this timescale could be exceeded.
We will of course keep you fully up to date as to the progress of your transaction and any possible delays.
Other property transactions
In addition to buying and selling property, we can assist with many other property related transactions
including transfers of property between parties, re-mortgages, registration of property or notices.
Legal fees for other property transactions
We will operate a fixed fee for a number of other property transactions as follows:
| Transfer of the equity in a property with no mortgage |
£660.00 inc. VAT |
| Transfer of the equity in a property with an existing mortgage |
£780.00 inc. VAT |
| Transfer of the equity in a property with a re-mortgage |
£864.00 inc. VAT |
| Re-mortgage of a property | £540.00 inc. VAT |
| Voluntary first registration at the Land Registry of set of Deeds |
£360.00 inc. VAT |
| Assent of a registered property following a death | £540.00 inc. VAT |
| Assent of an unregistered property following a death | £600.00 inc. VAT |
Our team
Our experienced team includes:
Michael Rabbett, Partner and Head of Property
John Segal, Partner
May Tee, Associate
Jo Wood, Conveyancing Executive
Andrew Jackson, Conveyancing Executive
Mary Sofolabo, Conveyancing Executive
Adrian Avory, Post Completion Executive
Michaela De Paola, Paralegal
Claire Lodge, Property Assistant