I know that with the team at Penningtons Manches Cooper the level of communication will be first class.
Led by Lee Greaves, our experienced team will provide you with a conveyancing service based on your specific needs. We have offices in London, Guildford and Oxford and pride ourselves on being personable and approachable and make every effort to make your move as stress-free as possible.
No two transactions are the same and our fees will reflect the particular details of your sale and your purchase. For example, dealing with the purchase of a flat with a short lease or buying a property in a brand new development, will often involve much more work than buying a freehold terraced house. Because of this, we are not able to give you a reliable estimate of the cost of our services until we have the full details of what your personal transaction will involve, including the type of property that you are purchasing.
Typical fees are set out below. If a transaction has unexpected complications we would always inform you of that and discuss with you the potential consequences, and advise you of the additional work to be carried out, before any extra charges are made.
Our range of fees for sale and purchases of up to £2 million are set out below and are exclusive of VAT and disbursements. We will be happy to provide you with a personalised fee estimate for sales and purchases with prices in excess of this figure, which we deal with on a regular basis.
Our price range reflects the location and experience of the solicitor(s) dealing with your transaction.
Property value |
Sale |
Purchase |
Leasehold |
Up to £1m |
£2,000 - £2,250 |
£2,250 - £2,500 |
Up to £750 in addition |
£1m - £1.5m |
£2,250 - £2,600 |
£2,500 - £2,850 |
|
£1.5m - £2m |
£2,600 - £3,000 |
£2,850 - £3,500 |
Our fees, disbursements and costs cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of stamp duty land tax (SDLT) if the property is in England, or land transaction tax (Land Tax) if the property you wish to buy is in Wales.
We would welcome a request for a personalised fee estimate. However, by way of an example of a fee estimate, if you are buying a house in England for £1,000,000 then your charges would be on the lines of the following example.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry and search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Legal fee |
£2,250 plus VAT of £450 |
Fee for acting on behalf of the mortgage lender (where you are obtaining a mortgage) |
£500 - £750 plus VAT |
Fee if leasehold title |
£750 plus VAT |
Search fees |
Up to £500 |
HM Land Registry fee |
£295 |
Electronic money transfer fee |
£30 plus VAT |
We also charge £175 plus VAT to deal with the post completion work such as the compiling and filing of the SDLT return and the registration of your title at the Land Registry.
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the tools on HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.
Please note that our fees do not cover advice on tax planning or analysis as to whether SDLT is payable other than the standard rate, should you require advice on SDLT or tax planning generally we will put you in touch with our tax team, who will provide you with a fee estimate.
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-10 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take anything from 6-18 weeks. It is generally going to be a quicker process if you are not involved in a chain.
The precise stages involved in the purchase of a residential property vary according to the circumstances and typically include:
Our fees cover all of the work required to complete the mortgage or re-mortgage of your new or existing home, including dealing with the redemption of any existing mortgage secured over your property, the registration at the Land Registry of the new mortgage and, if a leasehold property, service of notice of mortgage on the landlord and/or management company. These fees are indicative of acting on behalf of private individuals and do not apply to companies who are looking to raise finance on a property.
The precise stages vary according to the circumstances of each transaction and typically include:
Our fees are based upon the amount of the new loan.
If the loan is up to £500,000 our charges are between £1,500 and £1,750 plus VAT and disbursements; if the loan is between £500,001 and £1 million then our charges are between £1,750 and £2,250 plus VAT and disbursements. The Land Registry fee which is chargeable in order to register the charge is calculated on the value of the mortgage advance and we will confirm this to you when we take your initial instructions with regard to the level of the charge.
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