Our
Expertise
makes a
Difference
Our Expertise
Lichfield
Reynolds
Conveyancing
Legal Practices in England and Wales such as Lichfield Reynolds LLP are regulated by the Solicitors Regulation Authority (SRA). Under the SRA Transparency Rules all such legal practices are required to publish information on prices and services in respect of specific types of legal work undertaken by them – including Residential Conveyancing work.
Residential Property Sale
Sale Example
No property is exactly the same, and our fees will reflect the particular requirements of your sale. For example, dealing with a listed building may, because of the added complexities, cost more than dealing with a new freehold property. Because of this, we cannot give you a reliable estimate of the cost of us helping you until we have details of your intended transaction. But our fees for conveyancing start from £948.80 (this includes VAT @ 20% and disbursements) and the average fee for a house sale that does not have unexpected complications is £1146.60 (this includes VAT @ 20% and disbursements).
Timescale
On average a conveyancing matter can take between 8 to 12 weeks to complete. Please note that this is an average and matters can complete quicker of slower depending on the type of matter. For example, if you are selling an empty freehold property to a cash buyer it could be as quick as 4 weeks however selling a leasehold property in a lengthy chain could take significantly longer than 12 weeks.
Factors that can impact timescales include, but not limited to are;
- How quick can a client complete onboarding
- If the property is Leasehold, how long does it take the freeholder to complete a management pack
- Rasing and answering enquiries between solicitors
- Are the council experiencing delays in completing Local search?
- How long does it take the bank to issue a Mortgage offer?
- How long is the chain?
It is important no note in conveyancing the chain can only proceed as quick as the slowest person.
| What our fee includes | What our fee excludes |
|---|---|
| Taking your instructions Preparing and sending a draft contract pack Providing reasonable updates on the progress of the transaction Responding to enquiries Exchanging contracts Completion the matter | Tax advice Resolving title defects Comprehensive sales progression services |
Sale of a Residential Property Basic Costs
| Under £99,999 | From £750.00 + VAT* (£150.00) = £900.00 + disbursements |
| £100,000 to £199,999 | From £795.00 + VAT* (£159.00) = £954.00 + disbursements |
| £200,000 to £299,999 | From £895.00 + VAT* (£179.00) = £1074.00 + disbursements |
| £300,000 to £399,999 | From £950.00 + VAT* (£190.00) = £954.00 + disbursements |
| £400,000 to £499,999 | From £1100.00 + VAT* (£220.00) = £1320.00 + disbursements |
| £500,000 to £599,999 | From £1200.00 + VAT* (£240.00) = £1440.00 + disbursements |
| £600,000 to £699,999 | From £1400.00 + VAT* (£280.00) = £1680.00 + disbursements |
| £700,000 to £799,999 | From £1800.00 + VAT* (£360.00) = £2160.00 + disbursements |
| £800,000 to £899,999 | From £2200.00 + VAT* (£440.00) = £2640.00 + disbursements |
| £900,000 to £999,999 | From £2700.00 + VAT* (£540.00) = £3240.00 + disbursements |
| £1,000,000+ | Please contact us |
Uplift
| Leasehold Aspect | £300.00 + VAT* (£60.00) = £360.00 |
| Freehold with management company | £250.00 + VAT* (£50.00) = £300.00 |
| Solar Panels | £150.00 + VAT* (£30.00) = £180.00 |
| Redemption to Help-to-Buy Loan | £750.00 + VAT* (£150.00) = £900.00 |
| Shared Ownership | £750.00 + VAT* (£150.00) = £900.00 |
| Unregistered Land | £150.00 + VAT* (£30.00) = £180.00 |
| Redeem 2nd and or further charges | £100.00 + VAT* (£20.00) = £120.00 |
Disbursements
Disbursements are fee incurred that are paid to a third party on your behalf. In additional to our legal fee set out above, the following disbursements will also be necessary.
| ID & AML check | £16.80 per person |
| OCE’S | £7.00 per document (usually between £14.00 – £28.00 per transaction) NO VAT |
| Bank Transfer Fee | £15.00 + VAT* (£3.00) = £18.00 |
* VAT is chargeable at 20%
Residential Property Purchase
Purchase Example
No property is exactly the same, and our fees will reflect the particular requirements of your purchase. For example, dealing with a listed building may, because of the added complexities, cost more than dealing with a new freehold property. Because of this, we cannot give you a reliable estimate of the cost of us helping you until we have details of your intended transaction. But our fees for conveyancing start from £1466.62 (this includes VAT @ 20% and disbursements) and the average fee for a house purchase excluding stamp duty that does not have unexpected complications is £1840.52. (this includes VAT @ 20% and disbursements).
Factors that can impact timescales include, but not limited to are;
- How quick can a client complete onboarding
- If the property is Leasehold, how long does it take the freeholder to complete a management pack
- Rasing and answering enquiries between solicitors
- Are the council experiencing delays in completing Local search?
- How long does it take the bank to issue a Mortgage offer?
- How long is the chain?
It is important no note in conveyancing the chain can only proceed as quick as the slowest person.
Service Details
The following table below is for illustrative purposes to assist in understanding the scope of our fee. While it highlights the principal services included and excluded, it should not be regarded as a comprehensive list of all possible circumstances or engagements.
Any items listed in the ‘uplift’ section below will be charged separately. If your sale does have unexpected complications not listed, we will always inform you of that immediately, and would fully discuss the potential consequences of that before any extra charges were incurred.
Purchase of a Residential Property Basic Costs
| Under £99,999 | From £795.00 + VAT* (£159.00) = £954.00 + disbursements |
| £100,000 to £199,999 | From £895.00 + VAT* (£179.00) = £1074.00 + disbursements |
| £200,000 to £299,999 | From £950.00 + VAT* (£190.00) = £1194.00 + disbursements |
| £300,000 to £399,999 | From £995.00 + VAT* (£199.00) = £1194.00 + disbursements |
| £400,000 to £499,999 | From £1150.00 + VAT* (£230.00) = £1380.00 + disbursements |
| £500,000 to £599,999 | From £1300.00 + VAT* (£260.00) = £1560.00 + disbursements |
| £600,000 to £699,999 | From £1500.00 + VAT* (£300.00) = £1800.00 + disbursements |
| £700,000 to £799,999 | From £1900.00 + VAT* (£380.00) = £2280.00 + disbursements |
| £800,000 to £899,999 | From £2500.00 + VAT* (£500.00) = £3000.00 + disbursements |
| £900,000 to £999,999 | From £3000.00 + VAT* (£600.00) = £3600.00 + disbursements |
| £1,000,000+ | Please contact us |
Uplift
| Gifted Deposit Fee | £75.00 + VAT* (£15.00) = £90.00 |
| Leasehold | £300.00 + VAT* (£60.00) = £360.00 |
| Freehold with management company | £250.00 + VAT* (£50.00) = £300.00 |
| Solar Panels | £150.00 + VAT* (£30.00) = £180.00 |
| New Build | £250.00 + VAT* (£50.00) = £300.00 |
| Help to Buy Isa Bonus Request | £50.00 + VAT* (£10.00) = £60.00 |
| Lifetime ISA withdrawal | £50.00 + VAT* (£10.00) = £60.00 |
| Declaration of Trust | £50.00 + VAT* (£10.00) = £60.00 |
| Unregistered Land | £150.00 + VAT* (£30.00) = £180.00 |
Disbursements
Disbursements are fee incurred that are paid to a third party on your behalf. In additional to our legal fee set out above, the following disbursements will also be necessary. Please note that in relation to the Land Registry fee and Stamp Duty Land Tax, as these fees are variable depending on the purchase price and circumstances, we have provided links so that you can obtain the relevant fee.
| ID/ AML check | £16.80 per person |
Searches:
| Local | £160.42 (figure quoted is for Stoke on Trent City Council but price does vary on different councils) |
| Environmental and Mining Report | £166.68 |
| Drainage & Water | £113.82 |
| Plan | £3.90 |
| Bankruptcy Search fee | £6.00 per person NO VAT |
| Land Registry Priority Search fee | £7.00 NO VAT |
| Bank Transfer fee | £15.00 + VAT* (£3.00) = £18.00 |
| Land Registration fee | £variable – https://fee-calculator.landregistry.gov.uk/ |
| Stamp Duty | £variable – https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro |
Other local authority search fees that our local to us are set out below:
| Staffordshire Moorlands Local Search | £193.98 |
| Stafford Borough Council | £189.38 |
| Newcastle-under-Lyme Borough Council | £260.10 |
* VAT is chargeable at 20%
Other types of Conveyancing matters
Staircasing
Fixed Fee of £1495.00 + VAT* (£299.00) = £1794.00 + disbursements
Transfer of Equity – no money passing hands
Fixed Fee of £700.00 + VAT* (£140.00) = £840.00 + disbursements
Transfer of Equity – for money
Fixed Fee of £800.00 + VAT* (£160.00) = £960.00 + disbursements
Re-Mortgage
Fixed Fee of £700.00 + VAT* (£140.00) = £840.00 + disbursements
* VAT is chargeable at 20%
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