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established reputation in
Romford, call on
01708 744 211
office@symonsgayandleland.co.uk

 
     
 
FEES
 
     
 

CONVEYANCING FEES

Our fees cover all of the work required to complete the purchase or sale of your property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty)
All residential conveyancing matters are fixed fees.

Conveyancer’s fees and disbursements

PURCHASE & SALES

VAT is calculated at 20%

Property Price  
Costs
 
VAT
 
Total
Up to £300,000  
£800
 
£160
 
£960
Up to £500,000  
£875
 
£175
 
£1,050
Up to £700,000  
£975
 
£195
 
£1,170
Up to £900,000  
£1,100
 
£220
 
£1,320
Over £900,000  
Between £1,200 - £2,000 plus VAT at 20% *
   
 
 
EQUITY RELEASE  
 
 
Up to £500,000  
£600
 
£120
 
£720
   
 
 
RIGHT TO BUY TRANSACTIONS
£600
 
£120
 
£720
   
 
 
REMORTGAGES – NOT EQUITY RELEASE
Up to £300,000  
£475
 
£95
 
£570
Over £300,000  
£525
 
£105
 
£630
   
 
 
ADDITIONAL SUPPLEMENTS  
 
 
Mortgages on Purchases  
£100
 
£20
 
£120
Mortgage Redemptions  
£50
 
£10
 
£60
Leasehold Properties  
£150
 
£30
 
£180
Newbuilds  
£150
 
£30
 
£180
SDLT  
£70
 
£14
 
£84
Help to Buy ISA (per ISA)  
£50
 
£10
 
£60

* You will be advised of an exact figure at the start of your matter
Search fees range from £100 - £300 depending on the area you purchase your property
HM Land Registry fee – these are on scale depending on the price of your property but range from £20 - £910 – you will be advised of the exact figure at the start of your matter
Electronic money transfer fee £30 plus VAT at 20% £6 Total £36 this is payable when sending monies by CHAPS
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Stamp Duty or Land Tax (on purchase) or Land Transaction Tax (Land Tax) of the property is in Wales
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website

Anticipated Disbursements*

Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £20 - £200.
Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £20 - £200
Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100 - £200.
Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £50 - £200

*These fees vary from property to property and can on occasion be significantly more than the ranges 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 charge are likely to apply on a leasehold property throughout your ownership of the property. We will confirm the ground

The precise stages involved in the purchase or sale of a residential freehold/ leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Take your instructions and give you initial advice
Check finances are in place to fund purchase and contact lender’s solicitors if needed
Receive and advise on contract documents
Carry out searches
Obtain mortgage redemption figures
Obtain further planning documentation if required
Make any necessary enquiries of buyers/seller’s solicitor
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 lender and you
Complete purchase
Deal with payment of Stamp Duty/Land Tax
Deal with application for registration at Land Registry

How long will my house purchase take?

How long it will take from your offer being accepted until completion will depend on a number of factors. The average process takes between 6 - 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 freehold 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, between 2 and 4 months. In such, a situation additional charges would apply.

* Our fee assumes that:
this is a standard transaction and that no unforeseen matters arise including for example (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
this is the assignment of an existing lease and is not the grant of a new lease
the transaction is concluded in a timely manner and no unforeseen complication arise
all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

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Symons, Gay & Leland LLP Solicitors
91a South Street, Romford, Essex RM1 1PA Tel: 01708 744 211