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Gudgeons Prentice

solicitors

Call us on 01449 613101

Website by www.ClicksMarketing.co.uk 2018

This Firm is authorised and regulated by the Solicitors Regulation Authority (No. 50329)   

Telephone: (01449) 613101   • Fax: (01449) 615087   • Email: info@gudgeons-prentice.co.uk

Gudgeons Prentice Solicitors, Buttermarket, Stowmarket, Suffolk IP14 1ED

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Conveyancing Fees

Standard charges for residential freehold properties

Call our Conveyancing team today for

help and advice

Our Services

Residential Conveyancing >

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Value of Property

Fee on Sale

Fee on Purchase


Our Fee £

VAT £

Our Fee £

VAT £

0 - 200,000

550

110

550

110

200,001 - 300,000

650

130

650

130

300,001 - 500,000

750

150

750

150

500,001 - 750,000

850

170

850

170

750,001 - 1,000,000

925

185

925

185

1,000,001 - 1,500,000

1,250

250

1,250

250

1,500,001 - 2,000,000

1,550

310

1,550

310

Additional Fees on a Sale

Additional Fees on a Purchase

*For transactions over £2,000,000 please speak with the property partner for an individual quotation

Disbursements Applicable to a Residential Sale

Office Copy Entries from HMLR              £6.00 for each title and file plan

Official copy documents from HMLR       £3.00 per document

Disbursements Applicable to a Residential Purchase

Searches                                  £300.00 (approx. depending on local authority)

Bankruptcy search                       £2.00 per name

(for buyers with mortgage)

Priority Search at HMLR               £3.00 per title

Land Registry fees                      See table below

Stamp duty land tax                    Follow link set out below

Land Registry Fees for Purchases (Scale 1)












Stamp Duty Land Tax for Purchases

Please follow the link and answer the questions to obtain the appropriate SDLT figure

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro


Matters other than a purchase of a residential freehold or leasehold property

Residential re-mortgage               £450 plus VAT (£70)

or if Transfer involved                   £550 plus VAT (£90)

Transfer of equity only                  £450 plus VAT (£70)

Disbursements applicable to a re-mortgage

Searches/search insurance         dependent on lender requirements

Bankruptcy search                       £2.00 per name

(for buyers with mortgage)

Priority Search at HMLR               £3.00 per title

Land Registry fees     See table below

Land Registry Fees for Re-mortgages (Scale 2)











Notes for Clients Regarding Residential Property Work

Conduct of the files

All residential cases are conducted on a day to day basis by individually assigned fee earners. Each fee earner in Gudgeons Prentice is fully qualified as either a solicitor; legal executive, or licenced conveyancer with a number of years’ experience in property law. All fee earners are assisted on a day to day basis by their own secretary, so if the fee earner is engaged they can assist. For further information on each individual team member, please refer to Our People

What is included within the service?

Sales

Included within our estimated cost for the work we conduct on your behalf are as follows:-

  1. Obtaining the title information and preparing the contract pack for the buyers solicitors;
  2. Negotiating the contract;
  3. Negotiating the transfer deed;
  4. Assisting with the answering of any pre-contract enquiries raised;
  5. Conducting the exchange of contracts and the completion;
  6. Arranging the repayment of any mortgage against your property;
  7. Paying any estate agents on completion;
  8. Dealing with the discharge of any mortgage at HM Land Registry.

The costs estimate is given on the basis of certain assumptions*, including:-

  1. the property is currently held under a single freehold title at HM Land Registry with no title defects;
  2. one contract is submitted to one purchaser;
  3. the sale will be on the basis of an unconditional contract and you will be vacating the property on completion;
  4. there is only one registered charge against your property;
  5. completion takes place on the date agreed in the contract.

Purchases

Included within our estimated cost for the work we conduct on your behalf are as follows:-

  1. Investigating the title to the property; including the carrying out of the usual searches relating to the title and local government information and reviewing the replies given by the seller to the pre-contract enquiries;
  2. Negotiating the contract;
  3. Negotiating the transfer deed;
  4. Advising you on the contents of your mortgage offer (if applicable);
  5. Preparing for you a report on contract;
  6. Conducting the exchange of contracts and the completion of the purchase;
  7. Arranging the transfer of funds on completion to the sellers solicitors and for the relevant taxes payable;
  8. Calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and
  9. Registering the purchase and the mortgage (if any) at the Land Registry.

The costs estimate has been given on the basis of certain assumptions*, including:-

  1. the property is currently held under a single freehold title at the Land Registry with no title defects;
  2. one contract is submitted to one purchaser;
  3. the purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession;
  4. completion takes place on the date agreed in the contract

Re-mortgages

Included within our estimated cost for the Work we conduct on your behalf are as follows:-

  1. Investigating the title to the property; including the carrying out of the usual searches relating to the title and local government information (if necessary for your mortgage lender);
  2. Advising you of the contents of your mortgage offer;
  3. Arranging your signature to the necessary mortgage documentation;
  4. Arranging the drawdown of mortgage monies on completion;
  5. Redeeming any existing mortgage registered against the title; and
  6. Arranging the discharge of any existing mortgage and the registration of the new charge at the Land Registry;

The estimate of costs has been given on the basis of certain assumptions*, including:-

  1. the property is currently held under a single freehold title at the Land Registry with no title defects;
  2. there is to be no change in the registered owners of the property;
  3. there is a single existing mortgage currently registered against your property; and
  4. the lender does not instruct their own firm of solicitors to act on their behalf.

* If such assumptions are not met, additional charges could be incurred


Consideration £

Fee £

0 - 50,000

40

50,001 - 80,000

70

80,001 - 100,000

120

100,001 - 200,000

190

200,001 - 500,000

270

500,001 - 1,000,000

540

1,000,001 and over

910

Consideration £

Fee £

0 - 100,000

40

100,001 - 200,000

60

200,001 - 500,000

80

500,001 - 1,000,000

120

1,000,001 and over

250