Fees for a Sale, Purchase or Re-mortgage.
Our Fees for the Sale, Purchase or Re-mortgage of a Residential Property. For many of us buying a home is the largest financial commitment of our lives. It therefore makes sense to have an expert by our side. There is no doubt that moving home can be a stressful experience. We are local, friendly and approachable. Our aim is to provide each and every client with a personal and accessible service, utilising the latest technology and with an office right on Exeter’s historic quay side we are convenient enough for clients to call in for a face-to-face chat.
More often than not we now use Email rather than post to make the process as efficient, quick and trouble free as possible, but we are happy with either. Of course, we are always here for a consultation in person.
Our Residential Property Conveyancing Team is equipped to ensure the purchase, sale or transfer of your home runs as smoothly as we can make it. We also provide expertise on lease extensions, mortgages, renting, protection of property rights, matrimonial property transfers, land registration and commercial transactions.
Conveyancer's fees and disbursements:
Fees for the conveyance of residential property or real estate by private treaty (I.e. not by auction) 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 the fee shown are “typical” fees, exclusive of Disbursements, and are intended as a guide to assist with your budgeting. For the purposes of the above "typical" fees, we have used 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 a single standard mortgage from a lender who also instructs us to act for them, 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 expenses 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.
Typical Sale Disbursements:
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 will cost a total of £15.00.
2. Telegraphic Transfer fee to redeem mortgage: £20.00 + VAT.
Typical Purchase Disbursements:
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. 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.
5. Land Registration Fee. This depends on the purchase price of your property.
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 only. There are many factors which could typically increase the cost of our services such as if the property is leasehold or commonhold, if you are obtaining a non standard mortgage or a help to buy mortgage, if the property is new build, has solar panels that are leased, or if the Legal Title is defective.
Other circumstances such as private drainage, Estate Rent Charges or onerous lease terms can increase our fees and are often charged for by the amount of time we spend on a particular case.
The Team involved in providing your conveyancing services can be found here: Our Residential Conveyancing Team.
If you would like to instruct us to act for you, 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.
If you are in a conveyancing chain of transactions, the time to complete a transaction will often be determined by the pace of the slowest party.
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 8 to 12 weeks from receipt of the contract papers, 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:
- Taking your instructions and giving you initial advice
- Checking with you that your finances are in place to fund the purchase
- Receiving and advise on contract documents and searches
- Instructing our agents to obtain relevant searches
- Obtaining readily available planning documentation if required
- Making enquiries of seller's conveyancers
- Reporting to you on all documents and information received
- Reporting to you on your mortgage offer
- Sending final contract papers for you to sign
- Agreeing completion dates (date from which you own the property)
- Receiving deposit monies from you
- Exchanging contracts and notify you that this has happened
- Arranging for all monies needed to be received from lender and you
- Completing the purchase
- Dealing with payment of Stamp Duty Land Tax or Welsh Land Tax
- Dealing with the application for registration at HM Land Registry
For initial advice or for a conveyancing quote, please contact our Conveyancing Team on 01392 209209 or use the Contact Form opposite.
Please call us for advice regarding Land Disputes, Boundary Disputes and Repossession Proceedings.
If you are selling or transferring your home as part of a relationship breakdown or if you are purchasing a home at the start of a new relationship and require advice, please contact our Family, Divorce, Separation & Finance Team.
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 attend an appointment with one of our conveyancers 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.