Our fees

VAT is payable in addition to all of these fees - Current rate is 20%

Our fees for straightforward residential freehold matters are as follows:

If you are having a mortgage, paying off a mortgage, or using a Help to Buy ISA,
the above prices will increase by £50 plus VAT per source of funding.

If the title is unregistered – it is a new build or shared ownership property,
the above prices will increase by £500 plus VAT.

If the title is leasehold or there are solar panels, the above prices will increase by £300 + VAT.
For any auction matters, the prices will increase by £200 plus VAT.

Our Consultant, John Sutcliffe’s charges are the same for a residential sale, purchase, or re-mortgage:

If the property is leasehold, the above prices will increase by 50%.

For Help to Buy purchases, the above prices will increase by £50 plus VAT.

In addition to these fees, there is a charge of £30.00 plus VAT for each payment made by bank transfer.

For the latest information about Stamp Duty Land Tax rates please see
https://www.gov.uk/stamp-duty-land-tax,  or contact us for advice.

There will be additional fees if there are matters concerning your sale, purchase or re-mortgage that make the matter more complex, such as the following:

• If there is a license to assign
• If the property is unregistered
• If there is a defect in the title
• If there is a deed of trust required
• If a statutory declaration is required
• If an insurance policy is required
• If you wish us to store your deeds
• If you wish us to post your deeds

The average range of prices for these extra services is between £50 and £180 plus VAT.

For leasehold properties, our fee assumes that:

- this is a standard transaction and that no unforeseen matters arise, including for example (but not limited to) a defect in title which require remedying prior to 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 completed in a timely manner and no unforeseen complications arise

- no indemnity policies are required. Additional charges will apply if indemnity policies are required.

If you have an abortive sale, purchase or re-mortgage, you will need to reimburse the costs of any disbursements we have paid out, such as search fees, and we will charge a fee not exceeding 90% of the fee estimate provided at the outset. This fee will be calculated on a timed basis at an hourly rate of £150 per hour.

Disbursements

The above fees are for the work which we carry out. In addition to these, there will almost always be other payments to be made to third parties. These payments are called disbursements.

What disbursements am I likely pay for a purchase?

When you are buying, you will usually require searches to be carried out and the total price varies depending upon the location of the property. Almost invariably a water search and local search will be carried out. The fee for a water search is currently £64.80 inclusive of VAT. A local search is a search with the Local Authority within which the property is located, Derby City Council charge £118.50 inclusive of VAT, South Derbyshire £96, and Amber Valley £123.24. It may be advisable for you to undertake additional searches based upon the local area, such as a mining or an environmental search. The fees for these are typically between £48 and £68 inclusive of VAT.

There is also usually a fee for Land Registry searches for bankruptcy at a cost of £2 plus VAT per borrower and for a priority search of £3 plus VAT.

If you are buying you may have to pay Stamp Duty Land Tax. The amount payable depends on the purchase price of your property and your personal circumstances.
Here is a link to the rules and the rates https://www.gov.uk/stamp-duty-land-tax/residential-property-rates.

These are fees charged by the Land Registry when registering the change in ownership. These are calculated on a sliding scale, depending upon the value of the property. More information can be found here:
https//www.gov.uk/guidance/hm-land-registry-registration-services-fees. There is no VAT charged on these fees.

If the property is leasehold, then there may be additional disbursements to pay as follows:

• Notice of transfer fee – this fee (if chargeable) is set out in the lease. Often the fee is between £100 and £300.
• Notice of charge fee (If the property is to be mortgaged) – this fee (if chargeable) is set out in the lease.
  Often the fee is between £100 and £300.
• Deed of covenant fee – this fee is provided by the management company for the property and can be difficult to estimate.
  Often it is between £200 and £500.
• Certificate of compliance fee – this fee will be confirmed upon receipt of the lease.

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 for these once we have sight of your documents.

For leasehold matters, you should also be aware that ground rent and service charges 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.

What disbursements am I likely to pay for a sale?

If you are selling, there may be estate agents fees to pay and there is usually a fee of £6 plus VAT for office copies from the Land Registry.

What disbursements am I likely to pay for a mortgage/re-mortgage?

For mortgaging or re-mortgaging a property there is always a fee for bankruptcy searches at a cost of £2 plus VAT per borrower. There may be a priority search fee of £3 plus VAT and also a registration fee to pay at the Land Registry if there is a change of ownership.

For leasehold properties, there maybe a notice of a charge fee which is set out in the lease (if chargeable). Often the fee is between £100 and £300.

Additional information on conveyancing

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Established in Derbyshire for over 30 years