CONVEYANCING AND PROBATE FEES
Purchase of a freehold residential property Blick & Co
When we are instructed to act for a client in a conveyancing matter fees vary dependent upon the value of the property involved. As a general rule our fees are between .25% and .5% of the property price with a minimum fee of £850.00 plus VAT.
However, as an example a purchase of a freehold property at £750,000 for private individuals the estimated fees would include 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 (LTT) if the property you wish to buy is in Wales.
Conveyancer’s fees and disbursements
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 Land Tax
This depends on the purchase price of your property. You can calculate the amount you will need to pay using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.
The amount of Stamp Duty Land Tax payable will vary dependent upon the purchasers’ individual circumstances, i.e. if they are first time buyers, a company or already own property either in the UK or anywhere else in the world.
Additional fees
There may be circumstances where the fees may change (the list below is not exhaustive).
How long will my house purchase take?
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 8 – 10 weeks but it can be quicker or slower, depending on the parties in the chain.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances.
Purchase of a leasehold residential property
Our fees cover all 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 (LTT) if the property is in Wales.
As a general rule our fees are between .25% and .5% of the property price with a minimum fee of £850.00. plus VAT.
However as an example a purchase of a leasehold property at £750,000 for private individuals the estimated fees would include:
Conveyancer’s fees and disbursements
Disbursements
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. There are certain disbursements which will be set out in the individual lease relating to the Property. 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.
Anticipated disbursements*
*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 throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.
Stamp Duty Land Tax
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.
The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances.
Stages in the process
Additional fees
There may be circumstances where the fees may change (the list below is not exhaustive).
How long will my house purchase take ?
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 10-12 weeks but it can be quicker or slower, depending on the parties in the chain. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.
Our fee assumes that:
Re-mortgage or mortgage of a freehold/leasehold residential property
When we are instructed to act for a client in a Conveyancing matter are fees are calculated by reference to the time spent on the matter by members of the firm; the hourly rates of the members of the Residential Property Team. Details of the hourly rates of the relevant individual members of the team will be provided to the client at the outset.
Dependent upon, the location, complexity and urgency, fees, will vary. However, as an example, a re-mortgage of a freehold property at £750,000 for private individuals the estimated fees would cover all of the work required to complete your re-mortgage/mortgage, including dealing with registration at the Land Registry.
Conveyancer’s fees and disbursements
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.
Additional fees
There may be circumstances where the fees may change (the list below is not exhaustive).
How long will my re-mortgage/mortgage take ?
The average process takes between 4–6 weeks but it can be quicker or slower, depending on the circumstances.
Stages of the process
The precise stages involved in the re-mortgage/mortgage of a residential property vary accordingly to the circumstances.
Sale of a freehold/leasehold residential property
When we are instructed to act for a client in a conveyancing matter fees vary dependent upon the value of the property involved. As a general rule our fees are between .25% and .5% of the property price with a minimum price of £750.00.
For example a sale of a property for private individuals at a sale price of £750,000;
Conveyancer’s fees and disbursements
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.
Additional fees
There may be circumstances where the fees may change (the list below is not exhaustive).
How long will my house sale take ?
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 8 – 10 weeks but it can be quicker or slower, depending on the parties in the chain.
Stages of the process
The precise stages involved in the purchase of a residential property vary accordingly to the circumstances.