Residential Conveyancing Fees

At Warwick Barker LLP we have a wealth of experience in providing a full range of services for buyers and sellers of residential property and for clients wishing to remortgage their property.

We pride ourselves on providing a professional and friendly service. We pay close attention to detail and will keep you informed of progress. Our residential conveyancing team will work closely with you and are committed to ensuring that the process runs as smoothly and efficiently as possible.

Our fees are very competitive and are based on the value of the property.

How long does conveyancing take?

The timescale for a residential conveyancing transaction will vary depending on factors such as the complexity of the transaction, whether there is a chain, and whether all the documentation needed is available at the outset. However, a simple freehold sale or purchase with no chain will typically take around 8 to 10 weeks.

What we will do


We will:


  • Take your instructions
  • Obtain title information (if the property is registered, this will be from the Land Registry; if unregistered, you will need to provide us with the title deeds)
  • Send the contract and title documentation to the buyer’s solicitor
  • Reply to any enquiries raised by the buyer’s solicitor
  • Ask your lender for a redemption figure (to pay off your mortgage)
  • Arrange for you to sign the contract
  • Agree a completion date (date at which you sell the property)
  • Exchange contracts and tell you this has happened
  • Complete the sale
  • Redeem your mortgage
  • Deal with the sale proceeds and post completion matters

During the course of your purchase we will:


  • Take your instructions and give you initial advice
  • Check the finances are in place to fund the purchase
  • Receive contract documentation from the seller’s solicitors – we will review and advise you on it
  • Carry out searches (typically these are local authority, drainage and environmental, but others may be needed depending on the area you are buying in)
  • Obtain further planning or building regulations documentation if needed
  • Raise any necessary enquiries with the seller’s solicitors
  • Give you advice on all the documents and information received
  • Go through the conditions of the mortgage offer with you
  • Send the final contract to you for signature
  • Draft the Transfer document
  • Advise you on joint ownership (if applicable)
  • Agree a completion date (the date from which you own the property)
  • Exchange contracts and tell you when this has happened
  • Arrange for all monies needed from you and the lender to be in our client account
  • Complete the purchase
  • Deal with payment of Stamp Duty Land Tax
  • Apply for registration of your ownership of the property at the Land Registry

If you are buying a Leasehold property we will need to take a few more steps in addition to those listed above:


  • Review the Management Pack and Leasehold Property Enquiries
  • Make any necessary enquiries in relation to the leasehold information
  • Deal with apportionments of service charge and ground rent
  • Serve the required notices on completion to the landlord and/or management company

We will:


  • Take your instructions
  • Obtain title information from the Land Registry
  • Obtain a redemption figure from your current lender
  • Review the mortgage offer
  • Report to you on the conditions of your mortgage offer
  • Arrange for you to sign the Mortgage Deed
  • Agree a completion date for the new mortgage
  • Request mortgage funds from the new lender
  • Complete the remortgage
  • Deal with redeeming your old mortgage
  • Apply to register the new mortgage

Fixed Conveyancing Fees

We offer fixed fees for residential conveyancing, so that the price we quote you at the start is the price you will pay.  The price will only change if there are any unforeseen circumstances, in which case we’ll tell you at the earliest opportunity.

Please note the fees below are indicative only and the figures shown do not represent a quote or estimate. 

The fee offered may be lower if, for example, you are a long-established client of the firm. Alternatively, the fee may be higher if, for example, the legal title to the property is defective or part of the property is unregistered, or if building regulations or planning permission haven’t been obtained.

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Our Fees - Sale

These fees apply to the sale of an existing property.

Please note our fees are exclusive of VAT , which will be charged at the current rate.

In addition to our fee below, any telegraphic transfers will be charged at £30 plus VAT per transfer.

Property Price

Our Fee (Freehold)

Our Fee (Leasehold)

Up to £200,000

£825.00

£895.00

£201,000 - £300,000

£855.00

£950.00

£301,000 - £400,000

£925.00

£995.00

£401,000 - £600,000

£995.00

£1,095.00

£601,000 to £800,000

£1,100.00

£1,200.00

£801,000 to £1,000,000

£2,000.00

£2,100.00

Over £1,000,000

Contact us for a bespoke quote

Contact us for a bespoke quote

 

Disbursements - Sale

You will also be required to pay disbursements (costs related to your sale that are payable to third parties). Typically these include:

Disbursement

Cost

Office Copy Title and Plan

£6.00 -£12.00

Office Copy Lease (leasehold only)

£3.00

Management Pack (leasehold only)

TBC by the Management Compant

Bankruptcy Search (per person)

£2.90

Electronic Anti-Money Laundering Search (per person)

£7.20


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Our Fees - Purchase

These fees apply to the purchase of an existing property.

Please note our fees are exclusive of VAT , which will be charged at the current rate.

In addition to our fee below, any telegraphic transfers will be charged at £30 plus VAT per transfer.

Property Price

Our Fee (Freehold)

Our Fee Leasehold

Up to £200,000

£825.00

£925.00

£201,000 - £300,000

£895.00

£995.00

£301,000 - £400,000

£950.00

£1,095.00

£401,000 - £600,000

£1000.00

£1,200.00

£601,000 to £800,000

£1,250.00

£1,400.00

£801,000 to £1,000,000

£2,000.00

£2,500.00

Over £1,000,000

Contact us for a bespoke quote

Contact us for a bespoke quote

 

Disbursements - Purchase

You will also be required to pay disbursements (costs related to your purchase that are payable to third parties). Typically these include:

Disbursement

Cost

Searches

£200.00 - £300.00

Land Registry Priority Search

£3.90

Bankruptcy Search (per person)

£2.90

Land Registry Fee

see below

Electronic Anti-Money Laundering Search (per person)

£7.20

Stamp Duty Land Tax Application Fee

£4.80

Stamp Duty Land Tax

see below

Notice Fees (Leashold only)

TBC by Management Company

 

If buying a leasehold property, you should be aware that the ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and anticipated service charge as soon as we receive the information.

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Our Fee - Complex Transactions

Transactions involving the following will be subject to additional fees:

  1. New Build Properties
  2. Help to Buy Funding
  3. Shared Ownership Properties

Please contact us for a bespoke quote.

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Stamp Duty Land Tax

The following rates apply until 30th June 2021 :

Property Value

SDLT Rate

Up to £500,000

Zero

the portion from £500,001 - £925,000

5%

the portion from £925,001 - £1.5 million

10%

the portion above £1.5 milliom

12%


The following rates apply until 30th September 2021 :

Property Value

SDLT Rate

Up to £250,000

Zero

the portion from £250,001 - £925,000

5%

the portion from £925,001 - £1.5 million

10%

the portion above £1.5 milliom

12%


The following rates apply from 1st October 2021 :

Property Value

SDLT Rate

Up to £125,000

Zero

the portion from £125,001 - £250,000

2%

the portion from £250,001 - £925,000

5%

the portion from £925,001 - £1.5 million

10%

the portion above £1.5 milliom

12%

Higher rates for additional properties

You’ll usually have to pay an additional 3% on top of the normal SDLT rates if buying a residential property means you own more than one residential property.

If you’re replacing your main residence

You won’t pay the extra 3% SDLT if the property you’re buying is to replace your main residence, and that your main residence has already been sold.

For more information on Stamp Duty Land Tax visit:

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

HM Land Registry Fees

The fees below respresent the fees the Land Registry charge for a straight forward transfer of a property. If the transaction is more complex or involves a first registration these fees will be higher.

Value or Amount

Application Fee

Up to £80,000

£20.00

£80,000 - £100,000

£40.00

£100,001 - £200,000

£95.00

£200,001 - £500,000

£135.00

£500,001 - £1,000,000

£270.00

£1,000,000 and over

£455.00

Please contact us for a bespoke quote.

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Commercial Conveyancing Fees

For details of our fees for Commercial Conveyancing transactions please contact us for a bespoke quote.

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Address

Woodlands Chamber
78 Woodlands Avenue
Rustington
Littlehampton
West Sussex
BN16 3EZ

Our office is easily accessible with Rustington's main car park opposite us. Wheelchair access is also available at the office however we are also happy to visit you at home for appointments.

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01903 775 051
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info@warwickbarker.co.uk

  

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