England and Wales Conveyancing Price Menu

At Munro & Noble, Solicitors & Estate Agents, we have two Dual-Qualified Partners.  Both Laura McCarthy and Kay Bevans-Brown hold Practicing Certificates for England and Wales, and for Scotland.  Laura undertakes English conveyancing work, with the assistance of Kay from time to time.  Both our Dual-Qualified Partners aim to offer a friendly yet professional service to our clients. 

The Law Society for England & Wales have published Conveyancing Protocols, which we will follow. These Protocols have been designed as a framework for the sale and purchase of a home of an owner occupier.

Insofar as our fees are concerned, we would always advise that you should make contact with our offices to speak with Laura’s Assistant, Dinah MacDonald in order to discuss your requirements in the first instance. Upon establishing your requirements, we can then discuss the conveyancing process with you and provide you with an estimate for our services, tailored to your individual situation.

From time to time, we offer loyalty discounts, first time buyer discounts, discounts to clients who combine an English Property transaction with a Scottish Property transaction.

The legal work undertaken on your file will primarily be undertaken by Laura, or by Dinah under Laura’s direct supervision.   Laura’s email address is LauraM@Munronoble.com and Dinah can be reached on DinahM@Munronoble.com .  In the first instance we would suggest that you contact Dinah, but that Laura is ‘copied in’ to your email.

THE FEES THAT WE CHARGE

We have set out below an estimate of costs in relation to a range of conveyancing transactions. We have also set out what work is included and what work is not included in a standard conveyancing transaction. If additional costs arise due to unforeseen circumstances, we will discuss same with you at the earliest opportunity and we will advise you of any increase in price that may arise.

In the case of a purchase transaction, we have not included within the quotation/estimate the amount of Stamp Duty Land Tax or Second Homes Tax which may have to be paid to HM Revenue And Customs.  This is because these sums can only be calculated properly once we know the exact purchase price of the property and whether you own any other properties making you liable to pay Second Homes Tax.

We must make it clear that we do not provide advice on tax issues but will complete the Stamp Duty Land Tax Return with details of the transactions as provided by you.  This requires you to be open and honest with the information that you provided.  We will always send the Return to you for checking prior to same being submitted.  We will also make payments which are due to HM Revenue and Customs on your behalf.

From time to time a situation may arise whereby you require us to undertake additional work which is not otherwise included as part of a standard conveyancing transaction.  Please note that if any additional work is indeed required we will at that time either provide you with a fixed fee quote/price for the work required, or alternatively we may inform you that this should be changed on a time spent/hourly rate basis.  Please note that unless specified in writing, any work of this nature that requires to undertaken by Laura will be charged out at her hourly rate of £242.00 per hour plus incidental expenses and VAT.  Any work of this nature conducted by Kay will be charged at the same hourly rate.

TABLE OF FEES FOR ENGLISH CONVEYANCING TRANSACTIONS

(fees chargeable as at 1st March 2021)

FREEHOLD SALES

FREEHOLD PURCHASES

FREEHOLD TRANSFERS OF TITLE

(Our client receiving)

FREEHOLD TRANSFERS OF TITLE (our client giving up)

Price up to £200,000

Fee = £975.00

Price up to £200,000

Fee = £1,100.00

£650.00*

£650.00

Price from £200,001 – £300,000

Fee = £1200.00

Price from £200,001 – £300,000

Fee = £1300.00

£650.00*

£650.00

Price from £300,001 to £400,000

Fee = £1300.00

Price from £300,001 to £400,000

Fee = £1400.00

£650.00*

£650.00

Price from £400,001 to £500,000

Fee = £1500.00

Price from £400,001 to £500,000

Fee = £1600.00

£750.00*

£750.00

Price from £500,001 to £750,000

Fee = £1750.00

Price from £500,001 to £750,000

Fee = £2,000.00

£750.00*

£750.00

Price from £750,001 – £1,000,000.00

Fee = £2500.00

Price from £750,001 – £1,000,000.00

Fee =

£3,000.00

£750.00*

£750.00

ADD STANDARD OUTLAYS FOR SALE AS FOLLOWS:(current price shown)

ADD STANDARD OUTLAYS FOR PURCHASES AS FOLLOWS:- (Current price shown)

ADD STANDARD OUTLAYS AS FOLLOWS:- (Current price shown)

ADD STANDARD OUTLAYS  AS FOLLOWS:- (Current price shown)

Official Copy Entries = £12

Search Bundle from X-Press Legal Solutions:

Local Search

Environment Search

Water and Drainage Search

Bundle approximately £300.00 – depends upon locality of the property.

Additional Searches:

Chancel Repair Liability – approx. £50.00

Coal/Tin Mining – approx. £30.00

CHAPS to redeem mortgage = £20

Registration Fee payable to HM Land Registry – sliding scale dependent upon the purchase price.

Registration Fee payable to HM Land Registry – sliding scale dependent upon the purchase price.

Official Copy Entries = £12

CHAPS to pay free proceeds = £20

Priority Search of the Whole (OS1) £3.00

Priority Search of the Whole (OS1) £3.00

CHAPS to pay free proceeds = £20

Cost of replacement Building Regulations or compliance certificates – if applicable

If unregistered title purchase – personal search per name on the title deeds – £2.00 per name.

CHAPS to redeem mortgage if applicable = £20

Cost of Indemnity Policy – if required

Bankruptcy Search per name of purchaser – if having a mortgage £2.00 per name

Price per additional Land Registry Document to be downloaded (if not provided by the seller) £3.00

Stamp Duty Land Tax (SDLT) – sliding scale based upon the price of the property and whether it is a main residence or second home.

*Please note that if a Re-mortgage requires to take place at the same time as the transfer of title is becoming effective and we require to act for the mortgage lender, the transaction will be charged at the fee applicable for a purchase based upon the value of the property attributed by the mortgage lender.

                                                    LEASEHOLD TRANSACTIONS

(fees chargeable as at 1st March 2021)

LEASEHOLD SALES

 

LEASEHOLD PURCHASES

LEASEHOLD TRANSFERS OF TITLE

(Our client receiving)

LEASEHOLD TRANSFERS OF TITLE (our client giving up)

Price up to £200,000

Fee = £1075.00

Price up to £200,000

Fee = £1,175.00

£750.00*

£750.00

Price from £200,001 – £300,000

Fee = £1275.00

Price from £200,001 – £300,000

Fee = £1375.00

£750.00*

£750.00

Price from £300,001 to £400,000

Fee = £1375.00

Price from £300,001 to £400,000

Fee = £1475.00

£750.00*

£750.00

Price from £400,001 to £500,000

Fee = £1575.00

Price from £400,001 to £500,000

Fee = £1675.00

£850.00*

£850.00

Price from £500,001 to £750,000

Fee = £2050.00

Price from £500,001 to £750,000

Fee = £2,150.00

£850.00*

£850.00

Price from £750,001 – £1,000,000.00

Fee = £2600.00

Price from £750,001 – £1,000,000.00

Fee =

£3,200.00

£850.00*

£850.00

ADD STANDARD OUTLAYS FOR SALE AS FOLLOWS:(current price shown)

ADD STANDARD OUTLAYS FOR PURCHASES AS FOLLOWS:- (Current price shown)

ADD STANDARD OUTLAYS AS FOLLOWS:- (Current price shown)

ADD STANDARD OUTLAYS  AS FOLLOWS:- (Current price shown)

Official Copy Entries = £12

Registration Fee payable to HM Land Registry – sliding scale dependent upon the purchase price.

Registration Fee payable to HM Land Registry – sliding scale dependent upon the purchase price.

Official Copy Entries = £12

CHAPS to redeem mortgage = £20

Priority Search of the Whole (OS1) £3.00

Priority Search of the Whole (OS1) £3.00

CHAPS to pay free proceeds = £20

CHAPS to pay free proceeds = £20

If unregistered title purchase – personal search per name on the title deeds – £2.00 per name.

CHAPS to redeem mortgage if applicable = £20

Management Pack required from Management Company/Freeholder. Fees vary dependent upon the individual Freeholder / Management Company and we have absolutely no control over these.

Bankruptcy Search per name of purchaser – if having a mortgage £2.00 per name

Management Pack required from Management Company / Freeholder. If applicable.

Fee for Landlord providing responses / issuing replies to Leasehold enquiries. Fees vary dependent upon the individual Freeholder / Management Company and we have absolutely no control over these. 

Price per additional Land Registry Document to be downloaded (if not provided by the seller) £3.00

Fee for Landlord providing responses / issuing replies to Leasehold enquiries – if applicable – only likely to be the case if a re-mortgage is involved with a different lender.

Cost of replacement Building Regulations or compliance certificates – if applicable

Stamp Duty Land Tax (SDLT) – sliding scale based upon the price of the property and whether it is a main residence or second home.

Cost of replacement Building Regulations or compliance certificates – if applicable.

Cost of Indemnity Policy – if required

Search Bundle from X-Press Legal Solutions:

Local Search

Environment Search

Water and Drainage Search

Bundle approximately £300.00 – depends upon locality of the property.

Additional Searches:

Chancel Repair Liability – approx. £50.00

Coal/Tin Mining – approx. £30.00

Notice of Assignment/Notice of Mortgage Fees payable to Freeholder and / or Management Company.  Fees vary dependent upon the individual Freeholder / Management Company and we have absolutely no control over these.

Notice of Assignment/Notice of Mortgage Fees payable to Freeholder and/or Management Company.  Fees vary dependent upon the individual Freeholder / Management Company and we have absolutely no control over these.

*Please note that if a Re-mortgage requires to take place at the same time as the transfer of title is becoming effective and we require to act for the mortgage lender, the transaction will be charged at the fee applicable for a purchase based upon the value of the property attributed by the mortgage lender.

WHAT DOES THE CONVEYANCING PROCESS INVOLVE?

SALE OF A RESIDENTIAL PROPERTY IN ENGLAND OR WALES

Stages of the process

Please bear in mind that the steps involved in the sale of a residential property vary on a case by case basis.  We have however endeavored to set out below the work likely required as part of a standard transaction:

  • Obtain documentation from you in order to verify your identity in line with Anti-Money Laundering Regulations.
  • Send you out our Letter of Engagement and Terms of Business for signature and return.
  • Send you our Conveyancing Protocol forms to complete – Fixtures, Fittings and Contents Form, Seller’s Property Information Form – plus additional forms if the property has a Leasehold title.
  • Carry out required Anti Money Laundering checks.
  • Take instructions from you as to your requirements and provide you with our initial advice as to how this can be achieved.
  • Liaise with the Estate Agent who is selling your property and obtain a copy of their Memorandum of Sale.
  • Write to the Solicitors acting for your purchasers and confirm whether they are instructed, and whether their clients require mortgage finance, have a property to sell, and whether there are any provisional completion dates that they require to work towards.
  • Obtain an up to date mortgage redemption statement for your current mortgage.
  • Request your Title Deeds from your Mortgage lender.
  • Carry out a pre-sale examination of your Title Deeds.
  • Draft a Contract of Sale and issue a ‘Draft Contract pack’ to the purchaser’s solicitor.
  • Obtain planning and building control documentation if required.
  • Revise draft documents received from purchaser’s solicitors and approve their Transfer document (TR1)
  • Answer any pre-contract enquiries raised by the buyer’s solicitor limited to what are deemed ‘reasonable’ enquiries in line with the Law Society of England and Wales’ Conveyancing Protocol.
  • Exchange contracts to make the transaction legally binding and set a completion date.
  • Issue you with a completion statement showing how the proceeds of sale are to be allocated.
  • Conclude sale
  • Repay any mortgage and pay any outlays due.
  • Write to your mortgage lender confirming that the mortgage has been redeemed and requesting that they issue confirmation of same – and notify HM Land Registry to remove their charge from the title to the property.
  • Pay any surplus funds due to you by BACS or CHAPS depending upon your instructions.

The standard fee will not include:

  • Resolving any discrepancies disclosed in your legal title
  • Obtaining and processing an indemnity policy where the title or supporting documentation is defective or missing
  • Obtaining a new plan of the property if required for land registration purposes
  • Obtaining missing Local Authority consents or arranging for an independent assessment to be made regarding issues relating to Local Authority consents
  • Checking documentation relating to the registration of the septic tank (if applicable)
  • Obtaining copies of missing Title Deeds
  • Dealing with a right of pre-emption (where a previous owner has retained an option to buy back the property on sale)

PURCHASE OF A RESIDENTIAL PROPERTY

Stages of the process

Please bear in mind that the steps involved in the purchase of a residential property vary on a case by case basis.  We have however endeavored to set out below the work likely required as part of a standard transaction:

  • Obtain documentation from you in order to verify your identity in line with Anti-Money Laundering Regulations.
  • Send you out our Letter of Engagement and Terms of Business for signature and return.
  • Carry out required Anti Money Laundering checks.
  • Take instructions from you as to your requirements and provide you with our initial advice as to how this can be achieved.
  • Establish whether you require mortgage financing, and whether you have taken steps to obtain a mortgage.
  • Carry out investigations into your source of funds and source of wealth. Please note that we are required by law to verify and have sight of documentation evidencing the source from which your purchase funds are originating.
  • Liaise with the Estate Agent who is selling the property and obtain a copy of their Memorandum of Sale.
  • Write to the Solicitors acting for the sellers and confirm whether they are instructed, and whether their clients have a property to buy, and whether there are any provisional completion dates that they require to work towards.
  • Obtain and review a copy of your mortgage valuation report relating to the purchase property.
  • Receive and review your mortgage offer to ensure that any special conditions stipulated by the lender can be complied with. This shall include ensuring that the lender’s security can be protected and that the property is good, marketable and free from any legal or structural defect.
  • Receive the draft contract package from sellers’ Solicitor.
  • Revise the contract where necessary and draft the Transfer Deed
  • Receive and advise you on the terms of the contract
  • Carry out property searches as required dependent upon your requirements and the requirements of your mortgage lender.
  • Receive planning and building control documentation and advise you as to same
  • Prepare a Report on Title advising you about the property and everything you require to know about same.
  • Exchange contracts to make the transaction legally binding and set a completion date.
  • Prepare your completion statement showing funds required to complete your purchase of the property.
  • Request your mortgage advance from your lender (if applicable)
  • Conclude your purchase.
  • Pay any Stamp Duty Land Tax to HM Revenue and Customs.
  • Register you as the owner(s) of the property at HM Land Registry, and register any associated mortgage/charge.
  • Report to you when the registration process has been completed.

The standard fee will not include:

  • Processing documentation relating to a ‘gifted deposit’ or drafting a ‘gifted deposit’ letter for you.
  • Obtaining or processing an indemnity policy where title documentation is defective or paperwork is ‘missing’.
  • Obtaining a new plan of the property if required for plan registration purposes – or of the existing plan is not fit for purpose.
  • Obtaining missing Local Authority consents or arranging for an independent assessment to be made regarding issues relating to Local Authority consents.
  • Obtaining copies of missing Title Deeds.
  • Dealing with a right of pre-emption (where a previous owner has retained an option to buy back the property on sale).
  • Resolution or the provision of legal advice in respect of any boundary discrepancies or dispute.
  • Obtaining and perusing any water analysis reports.
  • Resolving issues regarding additional easements required for additional services.
  • Obtaining copies of, or dealing with any issues associated with Wayleave Agreements.
  • Reclaiming any Second Homes Tax on your behalf following the sale of a relevant property.

BESPOKE CONVEYANCING / PROPERTY MATTERS

We understand and appreciate that from time-to-time circumstances can arise whereby you may require a ‘bespoke’ piece of conveyancing to be undertaken.  This could include, but not be limited to the requirement for a legal Deed to be drafted.

For the drafting or preparation of such deeds and documents we often levy a fee on a time and line basis based upon the amount of work required to be undertaken to undertake the drafting required.  Please note that unless specified in writing, any work of this nature that requires to undertaken by Laura will be charged out at her hourly rate of £242.00 per hour plus incidental expenses and VAT.  Any work of this nature conducted by Kay will be charged at the same hourly rate.

Non-completion of a transaction  

Please note that a fee may be charged if your sale or purchase falls though.  The charge rendered will be for a proportion of the fee estimate based upon the amount of legal work undertaken to that point.  We do not offer a no-completion no-fee service.  Please note that in these circumstances the cost of all outlays incurred will require to be paid in full.