Patel and Company Conveyancing Costs
CONVEYANCING FEES/DISBURSEMENTS
£0-£100,000 £500 plus VAT
£100,001 – £250,000 £600 plus VAT
£250,001 – £500,000 £700 plus VAT
£500,001 – £750,000 £1000 plus VAT
£750,001 – £1 million £1500 plus VAT
£1 million & over BESPOKE
BASIC FEE INCLUDES:
- Preparing initial paperwork and sending the same to the client to complete
- Assisting the client on completing the relevant paperwork
- Applying for searches
- Reviewing the contractual documentation received from the seller’s solicitors
- Reviewing the search results, raising enquiries on the title and the searches
- Reviewing the replies to enquiries received from the seller’s solicitors
- Reporting to the client on the title and searches
- Liaising with the seller’s solicitors and the estate agents
- Effecting exchange of contracts, completion and post completion formalities
ADDITIONAL FEES FOR PURCHASE
SDLT Completion Fee
£95 PLUS VAT
To preparing the SDLT form and submitting the same to HMRC and paying the relevant fee (if applicable)
Mortgage Fee
£150 PLUS VAT
To reviewing the mortgage offer, reporting to the client on the same, reporting any necessary information to the lender in terms with their requirements.
Telegraphic Transfer Fee
£30 PLUS VAT
This fee is payable when funds are sent to the seller’s solicitors on completion.
Drafting and registering basic Deed of Trust
£125 PLUS VAT
If the property is to be held as Tenants in Common in unequal shares, this fee is for drafting the Deed of Trust in line with the client’s instructions.
Dealing with Help To Buy ISA
£50 PLUS VAT (PER ISA)
Arranging for the client to complete the First Time Buyer Declaration Form, closing the account when the purchase is ready to proceed and applying for the bonus from the Government for completion.
Checking of multiple mortgage offers
£50 PLUS VAT
Reviewing additional mortgage offer, reporting to the client on the same and reporting to the lender any information they require in line with their instructions.
Leasehold Property
£175 PLUS VAT
Checking through the Landlord’s standard replies and supporting paperwork. Raising enquiries with the buyer’s solicitors on the same and reporting to the client.
Dealing with gifted monies documentation
£150 PLUS VAT
If the client is receiving a gift towards the deposit/purchase of the property. This fee is for contacting the donor to obtain all relevant paperwork required, reporting to the same to the lender and conducting all money laundering checks in relation to the same.
Dealing with unregistered land
£150 PLUS VAT
Checking through the root of title provided by the seller’s solicitors, conducting further searches and registering the property for the first time on completion.
Dealing with New build Property
£150 PLUS VAT
Checking through the additional documentation in connection with the new build transaction including the requirements of the new build warranty.
Less than five working days between exchange and completion
£150 PLUS VAT
DISBURSEMENTS FOR PURCHASE
Stamp Duty – £Various
Land Registry Search at completion – £3.00
Land Charges Search at completion – £2.00 per person
Searches (Local, Drainage, Enviro & Chancel) – Approx. £161.00 including VAT
OR Search Insurance – £20.00 approx
Lawyer Checker – £12.00 including VAT
Land Registry Fee – see table above
LAND REGISTRY
FEE
£0-80,000
£80,001 – £100,000
£100,001 – £200,000
£200,001 – £500,000
£500,001 – £1 million
£1 million and over
FIRST
REGISTRATION
£40
£80
£190
£270
£540
£910
SUBSEQUENT
REGISTRATION
£20
£40
£95
£135
£270
£455
CONVEYANCING FEES/DISBURSEMENTS
£0-£100,000 £500 plus VAT
£100,001 – £250,000 £600 plus VAT
£250,001 – £500,000 £700 plus VAT
£500,001 – £750,000 £1000 plus VAT
£750,001 – £1 million £1500 plus VAT
£1 million & over BESPOKE
BASIC FEE INCLUDES:
- Preparing initial paperwork and sending the same to the client to complete
- Assisting the client on completing the relevant paperwork
- Issuing the contracts and supporting paperwork to the buyer’s solicitors
- Satisfying the enquiries raised by the buyers solicitors by liaising with the client and relevant authorities
- Effecting exchange of contracts, completion and post completion formalities
ADDITIONAL FEES FOR SALE
Redemption of Mortgage Fee
£95 PLUS VAT
To contacting the lender to obtain a redemption figure for information purposes at the outset of the transaction and then when a completion date is agreed, contacting the lender to obtain a final redemption figure. On completion, redeeming the mortgage with the lender.
Telegraphic Transfer Fee
£30 PLUS VAT
This fee is payable when funds are sent to the lender to redeem the mortgage or sending proceeds of sale to the client on completion.
Leasehold Property
£175 PLUS VAT
Liaising with the Landlord/Management Company to obtain the Landlord’s standard replies to leasehold enquiries and supporting paperwork, providing them with the relevant fee and dealing with any enquiries the buyer’s solicitors have in relation to the same and the lease. Apportioning the service charge and ground rent payments on completion.
Dealing with Additional Management Company
£175 PLUS VAT
Liaising with the additional Management Company to obtain standard replies to leasehold enquiries and supporting paperwork, providing them with the relevant fee and dealing with any enquiries the buyer’s solicitors have in relation to the same. Apportioning the service charge/ground rent payment on completion.
Removal of Additional Restrictions
£95 PLUS VAT
Liaising with the beneficiary of the restriction to removal of the same on completion.
Indemnity Insurance Arrangement Fee
£75 PLUS VAT
If the buyer’s solicitor requires an indemnity insurance in respect of the property (missing deeds, unknown restrictive covenants, title defects etc) we will obtain the relevant indemnity insurance on your behalf and provide the same to the buyers solicitors.
Retentions to be held on file after completion
£100 PLUS VAT
This is in relation to leasehold transactions and requires us to hold the funds on account until the landlords accounts are issued post completion.
Dealing with Unregistered Land
£150 PLUS VAT
Obtaining the deeds and preparing satisfactory root of title to send to the buyer’s solicitors and obtaining additional land registry searches.
Preparation of Statutory Declaration
£125 PLUS VAT
If a statutory declaration is required by the buyer’s solicitors, we will prepare the document and arrange an appointment for the client to swear the document at another solicitors firm.
Less than five working days between exchange and completion
£150 PLUS VAT
DISBURSEMENTS FOR SALE
Office copy entries – £3.00 Plus VAT per document
Additional land registry documents – £3.00 plus VAT per document
CONVEYANCING FEES/DISBURSEMENTS
Transfer of Equity – £450 plus VAT
Remortgage – £450 plus VAT
Transfer and Remortgage – £650 plus VAT
Redemption of Help to Buy Charge – £450 plus VAT
Redemption of Help To Buy Charge and Remortgage – £650 plus VAT
Redemption of Help To Buy Charge, Transfer and Remortgage – £850 plus VAT
ADDITIONAL FEES FOR PURCHASE
Telegraphic Transfer Fee
£30 PLUS VAT
This fee is payable when funds are sent to the seller’s solicitors on completion.
Drafting and Registering Basic Deed of Trust
£125 PLUS VAT
If the property is to be held as Tenants in Common in unequal shares, this fee is for drafting the Deed of Trust in line with the client’s instructions.
Checking of Multiple Mortgage Offers
£50 PLUS VAT
Reviewing additional mortgage offer, reporting to the client on the same and reporting to the lender any information they require in line with their instructions.
Leasehold Property
£175 PLUS VAT
Obtaining the consent from the Landlord/Management Company.
Dealing with Gifted Monies Documentation
£150 PLUS VAT
If the client is receiving a gift towards the deposit/purchase of the property. This fee is for contacting the donor to obtain all relevant paperwork required, reporting to the same to the lender and conducting all money laundering checks in relation to the same.
Dealing with Unregistered Land
£150 PLUS VAT
Checking through the root of title provided by the seller’s solicitors, conducting further searches and registering the property for the first time on completion.
Indemnity Insurance Policy Arrangement Fee
£75 PLUS VAT
If the buyer’s solicitor requires an indemnity insurance in respect of the property (missing deeds, unknown restrictive covenants, title defects etc) we will obtain the relevant indemnity insurance on your behalf and provide the same to the buyers solicitors.
Less than five working days between exchange and completion
£150 PLUS VAT
DISBURSEMENTS FOR PURCHASE
Office Copy Entries – £3.00 PLUS vat per document
Stamp Duty – £Dependant on value
Land Registry Search at completion – £3.00
Land Charges Search at completion – £2.00 per person
Searches (Local, Drainage, Enviro & Chancel) – Approx. £161.00 including VAT
OR Search Insurance – £20.00 approx
Lawyer Checker – £12.00 including VAT
Land Registry Fee – see table above
LAND REGISTRY
FEE
£0-80,000
£80,001 – £100,000
£100,001 – £200,000
£200,001 – £500,000
£500,001 – £1 million
£1 million and over
FIRST
REGISTRATION
£40
£80
£190
£270
£540
£910
SUBSEQUENT
REGISTRATION
£20
£40
£95
£135
£270
£455