Conveyancing – The Costs Of Buying & Selling A Property
Our fees cover all of the work* required to complete the sale or purchase of your house or flat, including dealing with registration at the 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.
We only deal with purchases of residential property that do not require a mortgage.
Please look at the following table for our fees:-
Sale Price (£) | Fees (£) | |
Freehold | Leasehold | |
Up to £250,000 | 850+VAT | 950+VAT |
250,000 to 350,000 | 950+VAT | 1,050+VAT |
350,000 to 750,000 | 1,150+VAT | 1,250+VAT |
£500,001 to £750,000 | 1,350+VAT | 1,450+VAT |
£750,001 to £1,000,000 | 1,500+VAT | 1,750+VAT |
Above £1m – minimum fee is: | 1,950+VAT | 1,950+VAT |
Additional fees and disbursements on a Sale | |
CHAPS transfer fee (per transfer) | £30 plus VAT |
Land registry fees for title documents | £3.90 per document |
Management Pack fee payable to the Landlord on the sale of a leasehold property. | £200-£400+VAT |
Purchase Price (£) | Existing Property | New Build | ||
Price | Freehold | Leasehold | Freehold | Leasehold |
Up to £250,000 | 1,000+VAT | 1,250+VAT | 1,100+VAT | 1,250+VAT |
250,000 to 500,000 | 1,100+VAT | 1,350+VAT | 1,150+VAT | 1,350+VAT |
£500,001 to £750,000 | 1,250+VAT | 1,450+VAT | 1,350+VAT | 1,550+VAT |
£750,001 to £1mm | 1,350+VAT | 1,550+VAT | 1,450+VAT | 1,650+VAT |
Above £1m – minimum fee is: | 1,700+VAT | 1,800+VAT | 2,000+VAT | 2,500+VAT |
Additional fees and disbursements on a Purchase | 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. |
CHAPS transfer fee (per transfer) | £30 plus VAT |
Stamp Duty or Land Tax | Calculate Stamp Duty Land Tax
|
Notice of Transfer fee | Usually between £30 and £50+VAT but can vary and may be more than this. |
Deed of Covenant fee on a leasehold property | Usually between £80 and £180+VAT but can vary and may be more than this. |
Land Registry registration fees | Land Registry Registration Services Fees |
* Our fees stated above assume that:
- this is a standard transaction and that no unforeseen matters arise including, for example, (but not limited to), a defect in title which needs to be sorted out prior to completion.
- the transaction is concluded in a timely manner and no unforeseen complications arise.
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
How long will my property sale/purchase take to complete?
The average time it takes is between 4 and 12 weeks.
It can be quicker or slower, depending on how quickly all parties to the transaction can move. We will do everything in our power to complete as quickly as possible but we are not always in control of the actions of the other parties to the transaction.
Contact Ruth Hayward for a chat and more information.
PLEASE NOTE:-
If you are obtaining other quotes, you will find that some firms charge less than us, particularly the bulk conveyancers who work with a high volume of cases. Here at MHHP, you will have unfettered access to a Partner of the firm who will be your single point of contact throughout the duration of you matter(s). Our business model allows us to take on a manageable number of cases so that your matter(s) is/are given the time and dedication that they require. This firm wishes to work with clients who are prepared to pay for the personal, friendly and pro-active service that we provide.