Residential Conveyancing Fees

At Warwick Barker 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

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.

To obtain a no obligation estimate for your transaction, please contact Judith Simmonds or Oliver Kenning by calling 01903 775 051 or by emailing info@warwickbarker.co.uk .

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.

Our fees – Sale

Sale (existing property) – NB all fees are plus VAT

Property Price

Our fee (freehold)

Our fee (leasehold)

Up to £249,000

£XXX

£XXX

£250,000 - £499,999

£XXX

£XXX

£500,000 +

£XXX

£XXX

All – completion fee (to include one telegraphic transfer; additional telegraphic transfers are charged at £ XX )

£XX

£XX

Our fees - Purchase

Purchase (existing property) – NB all fees are plus VAT

Property Price

Our fee (freehold)

Our fee (leasehold)

Up to £249,000

£XXX

£XXX

£250,000 - £499,999

£XXX

£XXX

£500,000 +

£XXX

£XXX

All - SDLT Form completion Fee

£XX

£XX

All – completion fee (to include one telegraphic transfer; additional telegraphic transfers are charged at £XX)

£XX

£XX

Our fees – New build purchase

Purchase (new build property) - NB all fees are plus VAT

Property Price

Our fee (freehold)

Our fee (leasehold)

Up to £249,000

£XXX

£XXX

£250,000 - £499,999

£XXX

£XXX

£500,000 +

£XXX

£XXX

All - SDLT Form completion Fee

£XX

£XX

All – completion fee (to include one telegraphic transfer; additional telegraphic transfers are charged at £XX)

£XX

£XX

Our fees - Remortgage

Remortgage (depending on lender) - NB all fees are plus VAT

Remortgage

£XXX

Receipt & preparation of bank telegraphic transfers

£XX

Disbursements (costs related to your matter that are payable to third parties) - Sale

Disbursements – Sale

Office copy of title and plan

£6  (£12 if leasehold)

Leasehold – copy lease

£3

Leasehold – management pack

TBC by the Management Company

Bank CHAPS (same day) payment inc. VAT

£XX

Disbursements (costs related to your matter that are payable to third parties)- Purchase

Disbursements – Purchase

Searches

£XXX

Land Registry Priority Search

£3

Bankruptcy Search Fee

£2 per name

Land Registry Fee

See table below

Stamp Duty Land Tax Form Fee

See table below

Leasehold – Notice Fee

TBC as per terms of Lease

Bank transfer (same day) payment inc. VAT

£

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.

Stamp Duty Land Tax Costs

 

Stamp Duty Land Tax Rates for your main home

Property value

SDLT rate

Up to £125,000

Zero

The next £125,000 (the portion from £125,000 to £250,000)

2%

The next £675,000 (the portion from £250,001 to £925,000)

5%

The next £575,000 (the portion from £925,000 to £1.5 million)

10%

The remaining amount (the portion above £1.5 million)

12%

Stamp Duty Land Tax on buy-to-let and second homes

Property value

Standard SDLT rate

Buy-to-let/second home rate

Up to £125,000

0%

3%

£125,001 - £250,000

2%

5%

£250,001 - £925,000

5%

8%

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.

HM Land Registry Fees

Value or amount

HM Land Registry fee

 

Apply by post

Apply using the portal or Business Gateway, for transfers or surrenders which affect the whole of a registered title

£80,001 - £100,000

£80

£40

£100,0001 - £200,000

£190

£95

£200,001 - £500,000

£270

£135

£500,001 - £1,000,000

£540

£270

NB – I am unclear how you lodge your applications – clients won’t understand the options – so please delete one of the above columns.

COMMERCIAL PROPERTY CONVEYANCING

For a shared ownership, please contact us for a separate quote.

In addition to the above, there are other fees to pay including search fees, stamp duty land tax etc.  We will give you a comprehensive list if you contact us on 01903 775051 or email info@warwickbarker.co.uk

We also deal with Transfer of Equity, Remortgages, Declaration of Trusts, Equity Release, Removing Restrictions, New Leases … please contact us for a 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.

Warwick Barker LLP are authorised and regulated by the Solicitors Regulation Authority No. 808397
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