Our Conveyancing Fees
A comprehensive guide to our conveyancing fees.
Our Fees
We understand that when instructing a solicitor to work in partnership with you, it’s helpful to understand the costs that will likely be involved. We have created a helpful guide to our fees to help you budget. If you have any questions at all regarding our services or fees, please get in touch with our team.
Standard Charges for Residential Freehold Properties
Property Value | Fee on Sale | Fee on Purchase | ||
---|---|---|---|---|
Our Fee | VAT | Our Fee | VAT | |
£0 - £200,000 |
£750.00 | £150.00 | £750.00 | £150.00 |
£200,001 – £300,000 |
£850.00 | £170.00 | £850.00 | £170.00 |
£300,001 – £500,000 |
£950.00 | £190.00 | £950.00 | £190.00 |
£500,001 – £750,000 | £1,050.0 | £210.00 | £1,050.00 | £210.00 |
£750,001 – £1,000,000 | £1,150.00 | £230.00 | £1,150.00 | £230.00 |
£1,000,001 – £1,500,000 | £1,300.00 | £260.00 | £1,300.00 | £260.00 |
£1,500,001 – £2,000,000 | £1,600.00 | £320.00 | £1,600.00 | £320.00 |
Additional Fees on a Sale
£35 plus VAT (£7) for every payment made by electronic transfer
£150 plus VAT (£30) for a leasehold property
£20 plus VAT (£4) for each electronic identity check needed
InCase App fee per user - £25 plus VAT (£5)
Additional Fees on a Purchase
£35 plus VAT (£7) for every payment made by electronic transfer
£300 plus VAT (£60) for a leasehold property or £200 plus VAT for first time buyers
£150 plus VAT (£30) for additional work if a purchase with mortgage
£20 plus VAT (£4) for each electronic identity check needed
£30 plus VAT (£6) for source of funds checks per person
InCase App fee per user - £25 plus VAT (£5)
For transactions over £2,000,000 please speak with our property partners, Robert Jackson and Tom Penn (contact details listed below) for an individual quotation.
Disbursements Applicable to a Residential Sale
Office copy Entries from HMLR - £7.00 per document plus VAT
Official copy documents from HMLR - £7.00 per document plus VAT
Disbursements Applicable to a Residential Purchase
Searches - £450.00 (approx. depending on authority)
Bankruptcy search - £6.00 per name (for buyers with mortgage) plus VAT
Priority search at HMLR - £7.00 per title plus VAT
Land registry fees - see table below
Stamp Duty land tax - follow link set out below
Land Registry Fees for Purchases
Consideration | Fee |
---|---|
£0 - £80,000 |
£20.00 |
£80,001 – £100,000 |
£40.00 |
£100,001 – £200,000 |
£100.00 |
£200,001 – £500,000 |
£150.00 |
£500,001 – £1,000,000 |
£295.00 |
£1,000,001 and over | £500.00 |
Providing the property is registered. If unregistered, different fees with apply - get in touch for more information.
Stamp Duty Land Tax for Purchases
Please click the button below and answer the questions to obtain the appropriate SDLT figure.
Matters Other Than a Purchase of a Residential Freehold or Leasehold Property
Residential re-mortgage - £500 plus VAT (£100)
or if Transfer required - £600 plus VAT (£120)
Transfer of equity only - £450 plus VAT (£90)
Disbursements Applicable to a Re-mortgage
Office copy entries from HMLR - £6.00 for each title and file plan plus VAT
Searches/search insurance - dependent on lender requirements plus VAT
Priority search at HMLR - £3.00 per title plus VAT
Land registry fees - see table below
Land Registry Fees for Re-mortgages
Consideration | Fee |
---|---|
£0 - £100,000 |
£20.00 |
£100,001 – £200,000 |
£30.00 |
£200,001 – £500,000 |
£45.00 |
£500,001 – £1,000,000 |
£65.00 |
£1,000,001 and over |
£140.00 |
Providing the property is registered. If unregistered, different fees with apply - get in touch for more information.
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 Your Residential Conveyancing Service?
Sales
Included within our estimated cost for the work we conduct on your behalf is as follows:
Obtaining the title information and preparing the contract pack for the buyer’s location
Negotiating the contract
Negotiating the transfer deed
Assisting with the answering of any pre-contract enquiries raised
Conducting the exchange of contracts and the completion
Arranging the repayment of any mortgage against your property
Paying any estate agents on completion
Dealing with the discharge of any mortgage at HM Land Registry
The cost estimate is given on the basis of certain assumptions*, including:
The property is currently held under single freehold title at HM Land Registry with no title defects
One contract is submitted to one purchaser
The sale will be on the basis of an unconditional contract and you will be vacating the property on completion
There is only one registered charge against your property
Completion takes place on the date agreed in the contract
Purchases
Included within our estimated cost for the work we conduct on your behalf is as follows:
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
Negotiating the contract
Negotiating the transfer deed
Advising you on the contents of your mortgage offer (if applicable)
Preparing you for a report on contract
Conducting the exchange of contracts and the completion of purchase
Arranging the transfer of funds on completion to the seller’s solicitors and for the relevant taxes payable
Calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms
Registering the purchase and the mortgage (if any) with HM Land Registry
The cost estimate is given on the basis of certain assumptions*, including:
The property is currently held under single freehold title at HM Land Registry with no title defects
One contract is submitted to one purchaser
The sale will be on the basis of an unconditional contract and the property is acquired with vacant possession
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 is as follows:
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)
Advising you on the contents of your mortgage offer
Arranging your signature to the necessary mortgage documentation
Arranging the drawdown of mortgage monies on completion
Redeeming any existing mortgage registered against the title
Arranging the discharge of any existing mortgage and the registration of the new charge at HM Land Registry
The cost estimate is given on the basis of certain assumptions*, including:
The property is currently held under single freehold title at HM Land Registry with no title defects
There is to be no change in the registered owners of the property
There is a single existing mortgage currently registered against your property
The lender does not instruct their own firm of solicitors to act on their behalf
* If such assumptions are not met, or Gudgeons Prentice are asked to expedite matters, or carry out additional work above and beyond the usual conveyancing process, then additional charges may apply, for which you will be notified in writing.
Expert legal services for individuals and businesses across Suffolk
How can we help you?
At Gudgeons Prentice our friendly team of experts have the expertise to help you with any legal issues you may be facing. Get in touch today by phone, email or by completing our enquiry form and our team will be happy to help.