Your Local Solicitors
Unit 3 Forum Court
32-34 King Street
Southport
PR8 1JX
tel: 01704 549 549
email: info@oneillsolicitors.co.uk













Cost Information

Please email or call us for an immediate quote to your specific transaction value and requirements. 

Please note all work is carried out by a solicitor with over 26 years’ experience.

 

CONVEYANCING COSTS

 

SALE OF A PROPERTY

 

Our fees for sale transaction values up to £300,000

 

Sale Fee                              £599.00

Plus Bank Transfer Fee    £35.00

Plus vat at the rate of      20%*

 

Our sale fee for transaction values between £300,000 to £500,000 are

£650.00 plus Bank Transfer fee, and VAT at 20%.

 

In addition there will be the following disbursements** (costs that are paid to a third party on your behalf)

• Official copy of the register and Title Plan: £6.00

• If the property is Leasehold, we will be required to obtain a copy of the Freeholder’s Title and Title Plan £6.00 and a copy of the Lease £3.00.

• If there are any other documents mentioned in the title register, we will be required to obtain these at a cost of £3.00 each.

• If the property is Leasehold, there may be a fee payable to the Freeholder/Managing Agent to provide a Sale Pack, which will be required by the Buyer’s Solicitor. The average charge is approximately £150.00 - £300.00 plus VAT but this can vary depending on the Managing Agent or Freeholder. 

In some cases both a Freehold Pack and a Management Pack will be required and the Freeholder and Management Agent may have additional charges. 

 

PURCHASE OF A PROPERTY

 

Freehold / Leasehold house purchase

 

Our fees for purchase transaction values up to £300,000

 

Purchase Fee                    £599.00

Bank Transfer Fee            £35.00

SDLT / LTT Form

Completion Fee                £55.00

Plus VAT at                          20%

 

Our purchase fee for transaction values between £300,000 to £500,000 is

£699.00 plus Bank Transfer fee, SDLT admin Fee and VAT at 20%.

If the property is a Leasehold Flat we will charge an extra cost of

£99.00 plus VAT as Leasehold Flat purchases are more complicated and there are more requirements.

 

In addition there will be the following disbursements**(costs that are paid to a third party on your behalf);

• Search fees: a typical Search Pack on a purchase is £170.00 but please note this price could increase dependent on the location of your property and

the volume and type of Searches required. Extra Searches can be advisable depending on the location of the property requirements of your Lender.

• Land Registry fee: this fee is payable to the Land Registry when we apply to register your ownership of the Property and depends on the price of the property. Please refer to HM Land Registry fee calculator

http://landregistry.data.gov.uk/fees-calculator.html

It also depends on whether the application can be made electronically or not and if the property Title is unregistered.

• Land Registry Searches: £8.00 (bankruptcy and priority search)

• Stamp Duty (this depends on the value of your property). You can calculate the amount you will need to pay by using the HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

or if the property is located in Wales by using the Welsh Revenue Authority’s website

 

Further Anticipated Leasehold disbursements in addition to the above**:

• Notice of Transfer fee and Notice of Charge fee if applicable charged by a Freeholder or Landlord or Management Company – This fee may be chargeable and this fee can vary but typically is between £50.00 to £250.00 plus VAT.

• Deed of Covenant fee – charged by the Freeholder Landlord or Management Company for the property and can be difficult to estimate. Often it is between £100.00 and £250.00 plus VAT.

• Certificate of Compliance fee – can be required, to be confirmed upon receipt of the Lease.  Costs can range between £50.00 and £250.00 plus VAT.

Please note that these fees can vary from property to property and can, on occasion, be different to the figures given above.

We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that Ground Rent and Service Charges are likely to apply throughout your ownership of the property.

We will confirm the Ground Rent and the anticipated Service Charge as soon as we receive the details.

 

RE-MORTGAGE up to £250 000

 

Our costs                           £299.00

Bank Transfer Fee            £35.00

Plus VAT at                          20%

 

These quoted fees do not apply to a Transfer of Title or Transfers of Equity  or Matrimonial Transfers or Leasehold properties as

additional fees may apply and a bespoke quote will be needed

 

In addition there will be the following disbursements**: ( third party costs)

• Search fees: if required by your new Lender - a typical Search Pack is £170.00 but please note this price could increase dependent on the location of your property and the volume and type of Searches required. Extra Searches can be advisable depending on the location of the property requirements of your Lender.

• Land Registry fee: this fee is payable to the Land Registry when we apply to register your ownership of the Property and depends on the price of the property. Please refer to HM Land Registry fee calculator

http://landregistry.data.gov.uk/fees-calculator.html

It also depends on whether the application can be made electronically or not and if the property Title is unregistered.

• Land Registry Searches: £8.00 (bankruptcy and priority search)

Further Anticipated Leasehold disbursements if applicable **:

• Notice of Transfer fee – Notice of Charge fee (if the property is to be mortgaged) –Deed of Covenant fee – Please see above.

Often these can be  between £100.00 and £250.00 per notice plus VAT.

• Certificate of Compliance fee – to be confirmed upon receipt of the Lease and can range between £50.00 and £250.00 plus VAT.

Please note that these fees can vary from property to property and can, on occasion, be different to the figures given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that Ground Rent and Service Charges are likely to apply throughout your ownership of the property. We will confirm the Ground Rent and the anticipated Service Charge as soon as we receive this information.

 

*Please note that all our fees quoted above assume that:

(a) this is a standard transaction and that no unforeseen matters arise including (but not limited to) a defect in Title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

(b) the property is registered at the Land Registry. Whilst most properties are registered, some are not. If the property is unregistered additional work is involved which may incur a further charge.

(c) this is not a new build or grant of a new Lease

(d ) the transaction is concluded in a timely manner and no unforeseen complication arises

(e) all parties to the transaction are co-operative and there is no unreasonable delay from the third parties providing the documentation.

(f ) no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

 

**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 list is not exhaustive and other disbursements may apply depending on the property type location etc. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

If the matter becomes complex then there may be an additional fee, for example:

• Where your mortgage Lender instructs its own solicitor • If your Lease purchase includes the purchase of a share of the Freehold

• Where a Lease extension is involved • Shared ownership transactions

• New build instructions • Missing or absentee Landlords

• Where a transaction is required to be expedited • Contract races

 

How long will my transaction take?

How long will it take will depend on a number of factors. The average process takes between 8 to 12 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 8 weeks. However if you are buying a Leasehold property that requires an extension of the Lease, this can take significantly longer.

Stages of the process - Purchase

The precise stages involved in the purchase of a residential property vary according to the circumstances but can include;

• Taking your instructions and giving you initial advice • Check finances are in place to fund the purchase and contact Lender’s solicitors if needed

• Receive and advise on contract documents • Carry out Searches

• Obtain further planning documentation if required • Make any necessary enquiries of the seller

• Give you advice on all documents and information received • Go through conditions of mortgage offer

• Send final Contract to you for signature • Draft Transfer

• Advise you on joint ownership • Obtain pre-completion searches

• Agree completion date (date from which you own the property) • Exchange Contracts and notify you that this has happened

• Arrange for all monies needed to be received from the Lender and you • Complete purchase

• Deal with payment of Stamp Duty/Land Tax • Deal with application for registration at Land Registry.

 

On a sale this may include;

*taking initial instructions     *drafting the Contract and providing the Title and any copy documents

*arranging the property forms for you to complete * dealing with buyer’s enquiries

*send the Contract and Transfer to you to sign * obtain Lender redemption statements

*agree a completion date * exchange * pay off your Lender, the Agents and pay you any balance

 

Referral fees

If you are referred to by an Introducer we may pay if applicable , a referral fee.

We will provide you with details of the arrangement and the fee we pay in the client care information that we send you at the start of your transaction.

This fee is paid by us from our costs so that there is no additional charge for you to pay.

 

 The fee earner which will deal with your case is a qualified solicitor with over 26 years’ experience.

 

Please email or call us for an immediate quote to your specific transaction value and requirements. 

Please note all work is carried out by a solicitor with over 26 years’ experience.



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