Friendly and Approachable Assistance
We can assist you with all aspects of residential conveyancing including buying and selling a home as well as first registrations at the Land Registry, re-mortgaging, transfers of equity, adverse possession applications, deed preparation and ID1 forms.
Buying and selling a home can be an exciting but one of the most stressful times in a person’s life but here at Mortimers we strive to guide you through the process and help the transaction move as smoothly as possible.
Although it is perceived that the buying or selling of property is easy, it is important to realise there are many pieces to the conveyancing puzzle and we act as a co-ordinator of all these different pieces. The stages of a sale and purchase transaction vary depending on your circumstances but the key stages can be found here.
Our firm is accredited under the Law Society Conveyancing Quality Scheme. This means that we have achieved the high standards set by the Law Society for residential conveyancing practices and enables us to act for the majority of Mortgage Lenders.
How long will it take?
How long it will take from your offer being accepted until you can move into your new home will depend on a number of factors. The average process takes between 10 – 12 weeks but this timescale can be affected by different external circumstances which are beyond our control.
Leasehold properties also require a significant amount of additional work and the involvement of third parties, such as management companies. Therefore, a Leasehold transaction can take far longer than a Freehold transaction and can typically take between 4 and 6 months.
It is important to keep in mind that there can be significant delays if problems are encountered during the course of the transaction.
We understand that the process can be seen as very frustrating, but rest assured – we are working busily in the background.
Residential Conveyancing Fees
We will give you a fixed Conveyancing fee at the start of your transaction based on the following assumptions:
- 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 e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Our fees can vary depending on the type of property being dealt with (e.g. freehold/leasehold/new build/transfer of equity/shared equity) and the complexities of the transaction.
The below is a starting point of our fees based on the above assumptions:
|Sale Price||Fixed Fee (£)||VAT @ 20% (£)||Total (£)|
|0 – 125,000||800||160||960|
|125,001 – 250,000||850||170||1,020|
|250,001 – 300,000||900||180||1,080|
|300,001 – 400,000||950||190||1,140|
|400,001 – 500,000||1,000||200||1,200|
|500,001 – 600,000||1,050||210||1,250|
|600,001 – 700,000||1,100||220||1,320|
|700,001 – 800,000||1,150||230||1,380|
|800,001 – 900,000||1,200||240||1,440|
|900,000 – 999,999||1,250||250||1,500|
|Purchase Price||Fixed Fee (£)||VAT @ 20% (£)||Total (£)|
|0 – 125,000||850||170||1,020|
|125,001 – 250,000||900||180||1,080|
|250,001 – 300,000||950||190||1,140|
|300,001 – 400,000||1,000||200||1,200|
|400,001 – 500,000||1,050||210||1,250|
|500,001 – 600,000||1,100||220||1,320|
|600,001 – 700,000||1,150||230||1,380|
|700,001 – 800,000||1,200||240||1,440|
|800,001 – 900,000||1,300||260||1,560|
|900,000 – 999,999||1,400||280||1,680|
Should the transaction be above £1million then we ask that you telephone us directly to provide you with a personalised quote.
If you are purchasing a new build property, then our fees will be £1,500 plus VAT.
Please note that if your matter involves the any of the following, they will incur an additional fee:
|Fee (£)||VAT @ 20% (£)||Total (£)|
|Help To Buy ISA||50||10||60|
We charge the below fees for the following matters:
|Matter||Fee (£)||VAT @ 20% (£)||Total (£)|
|Voluntary First Registration||600||120||720|
|Transfer of Equity||500||100||600|
|Transfer of Equity and Re-Mortgage||600||120||720|
|Application for Adverse Possession||600||120||720|
|Drawing up of Deeds||500 upwards||100 upwards||600 upwards|
Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registry fees, HM Land Registry searches, Stamp Duty Land Tax/Land Transaction Tax and conveyancing searches. We handle the payment of the disbursements on your behalf to ensure a smoother process. Some disbursements incur VAT, but not all.
|Swear Fee – Statutory Declaration||
£5.00 per item plus exhibit
£2.00 per additional exhibit
|Land Registry Office Copies||£3.00 per document plus VAT|
|Land Registry Office Copy Filed Plan||£3.00 per document plus VAT|
|Land Registry Office copy document||£3.00 per document plus VAT|
|BACS Payment||£20.00 plus VAT|
|CHAPS Payment||£30 plus VAT|
|OS1/OS2 Priority Search||£3.00 per search plus VAT|
|Recorded Delivery Fee – any document sent out by recorded delivery||The cost charged by Royal Mail plus VAT|
|Bankruptcy Search||£2.00 per name plus VAT|
|SIM – Search of Index Map||£4.00 plus VAT|
|Land Charges Act Search||£2.00 per name being searched plus VAT|
|Land Registry Fee – registered property||£20.00-£910.00 Depending on value of property and whether application can be submitted via the Land Registry portal.|
|Land Registry Fee – unregistered property||£30.00 to £680 Depending on value of property|
|Stamp Duty Land Tax||The cost on scale according to the value of property, whether first time buyer, or additional property|
|AML Search||£8.00 per client – to verify identity in accordance with Anti Money Laundering Legislation|
|Search Pack which includes; Local Search, Drainage and Water Search, Environmental and planning Search, Chancel Indemnity Insurance.||£223.40|