We can assist you with all aspects of residential conveyancing, including buying and selling a home, 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 exciting but also one of the most stressful times in a person’s life. We strive to guide you through the process and help the transaction move as smoothly as possible.
Although buying or selling property is often perceived as easy, there are many pieces to the conveyancing puzzle, and we act as the co-ordinator of all of them.
Mortimers is accredited under the Law Society Conveyancing Quality Scheme. This means we have achieved the high standards set by the Law Society for residential conveyancing practices, enabling us to act for the majority of mortgage lenders.
How long will it take?
The time from your offer being accepted until you can move into your new home depends on a number of factors. The average process takes 12–16 weeks, but this can be affected by external circumstances beyond our control.
Leasehold properties require a significant amount of additional work and the involvement of third parties such as management companies, so a leasehold transaction can take longer than a freehold one — typically between 4 and 6 months.
There can be significant delays if problems are encountered during the transaction. We understand the process can feel 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 no unforeseen matters arise, for example (but not limited to) a defect in title which requires remedying before completion, or the preparation of additional documents ancillary to the main transaction;
- this is the assignment of an existing lease and not the grant of a new lease;
- the transaction is concluded in a timely manner and no unforeseen complications arise;
- all parties are co-operative and there is no unreasonable delay from third parties providing documentation, and no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Our fees can vary depending on the type of property (e.g. freehold, leasehold, new build, transfer of equity, shared equity) and the complexity of the transaction. The tables below are a starting point based on the above assumptions.
Sale
| Sale price (£) | Fixed fee (£) | VAT @ 20% (£) | Total (£) |
|---|---|---|---|
| 0 – 100,000 | 1,000 | 200 | 1,200 |
| 100,001 – 200,000 | 1,100 – 1,150 | 220 – 230 | 1,320 – 1,380 |
| 200,001 – 300,000 | 1,150 – 1,250 | 230 – 250 | 1,380 – 1,500 |
| 300,001 – 400,000 | 1,250 – 1,300 | 250 – 260 | 1,500 – 1,560 |
| 400,001 – 500,000 | 1,300 – 1,400 | 260 – 280 | 1,560 – 1,680 |
| 500,001 – 600,000 | 1,400 – 1,600 | 280 – 320 | 1,680 – 1,920 |
| 600,001 – 700,000 | 1,600 – 1,750 | 320 – 350 | 1,920 – 2,100 |
| 700,001 – 800,000 | 1,750 – 1,950 | 350 – 390 | 2,100 – 2,340 |
| 800,001 – 900,000 | 2,000 – 2,200 | 390 – 400 | 2,340 – 2,600 |
| 900,001 – 999,999 | 2,250 – 2,500 | 450 – 500 | 2,700 – 3,000 |
| 1 million and above | 0.3% | TBC | TBC |
Purchase
| Purchase price (£) | Fixed fee (£) | VAT @ 20% (£) | Total (£) |
|---|---|---|---|
| 0 – 100,000 | 1,100 | 210 | 1,260 |
| 100,001 – 200,000 | 1,100 – 1,200 | 210 – 230 | 1,260 – 1,380 |
| 200,001 – 300,000 | 1,200 – 1,300 | 230 – 250 | 1,380 – 1,500 |
| 300,001 – 400,000 | 1,300 – 1,400 | 250 – 270 | 1,500 – 1,620 |
| 400,001 – 500,000 | 1,400 – 1,500 | 270 – 300 | 1,620 – 1,800 |
| 500,001 – 600,000 | 1,500 – 1,700 | 300 – 340 | 1,800 – 2,040 |
| 600,001 – 700,000 | 1,700 – 1,800 | 340 – 360 | 2,040 – 2,160 |
| 700,001 – 800,000 | 1,800 – 2,000 | 360 – 400 | 2,160 – 2,400 |
| 800,001 – 900,000 | 2,000 – 2,300 | 400 – 460 | 2,400 – 2,760 |
| 900,001 – 999,999 | 2,300 – 2,600 | 460 – 520 | 2,760 – 3,120 |
| 1 million and above | 0.3% | TBC | TBC |
If you are purchasing a new build property there is a new build premium of £400 plus VAT (£80) on top of the fees above.
Additional fees
If your matter involves any of the following, an additional fee will apply:
| Matter | Fee (£) | VAT @ 20% (£) | Total (£) |
|---|---|---|---|
| Leasehold | 300 | 60 | 360 |
| Help to Buy ISA | 50 | 10 | 60 |
| Shared ownership | 300 | 60 | 360 |
| Unregistered property | 300 | 60 | 360 |
| Gifted deposit | 150 | 30 | 180 |
| Statutory declaration / statement of truth | 150 | 30 | 180 |
Miscellaneous fees
| Matter | Fee (£) | VAT @ 20% (£) | Total (£) |
|---|---|---|---|
| Voluntary first registration | 800 – 1,000 | 160 – 200 | 960 – 1,200 |
| Re-mortgage | 650 | 130 | 780 |
| Transfer of equity | 600 – 750 | 120 – 150 | 720 – 900 |
| Transfer of equity and re-mortgage | 800 | 160 | 960 |
| Application for adverse possession | 600 | 120 | 720 |
| Drawing up of deeds | 500 upwards | 100 upwards | 600 upwards |
| ID1 form | 150 | 30 | 180 |
| Lease extension | 650 | 130 | 780 |
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registry fees and searches, Land Transaction Tax and conveyancing searches. We pay the disbursements on your behalf to ensure a smoother process. Some disbursements incur VAT, but not all.
| Disbursement | Cost |
|---|---|
| Swear fee – statutory declaration | £5 per item plus exhibit, £2 per additional exhibit (not subject to VAT, cash only) |
| Land Registry office copies / filed plan / documents | £7 per document plus VAT |
| Telegraphic transfer fee | £40 plus VAT per transfer |
| OS1/OS2 priority search | £7 per search plus VAT |
| Recorded delivery | Royal Mail charge plus VAT |
| Bankruptcy search | £6 per name plus VAT |
| SIM – search of index map | £8 plus VAT |
| Land Charges Act search | £6 per name plus VAT |
| Land Registry fee – registered property | £20 – £910 (not subject to VAT) depending on value and application method |
| Land Registry fee – unregistered property | £30 – £680 (not subject to VAT) depending on value |
| Land Transaction Tax (Wales) | Calculated on the value of the property and whether it is an additional property |
| AML identity search | £17.94 per client (not subject to VAT) |
| Search pack (local, drainage and water, environmental and planning searches, chancel indemnity insurance) | £233.60 (not subject to VAT) |
Our Lawyers
Tracy Wilkes
Consultant Solicitor
With Lewis Lines and Wilkes for over 25 years
Conveyancing, Wills & Probate, Lasting Powers of Attorney
I know that moving house can be exciting, but it can also be stressful and sometimes overwhelming. My job is to take as much of that stress away as possible. I believe in keeping things simple, explaining everything in plain English, and making sure you always know what’s happening with your transaction.
Our wider team at Mortimers Solicitors
David Fraser
Consultant Solicitor
Commercial & Residential Property, Civil Litigation
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