Residential Conveyancing Fees
We know that you want to know what the whole property buying or selling process will cost you.
To guide you, we have set out below a general indication of likely fees and payments based on experience and our knowledge of the conveyancing process in the tables below.
Just as every property is unique, no two transactions are identical. They take more or less time for all the different elements of any sale or purchase to fall into place. That is why we will speak to you to get the details and we will provide you with a full written estimate before we commence work for you.
To discuss your sale or purchase with us so we can give you more advice on the likely costs, please call us on 01322 55 88 11.
Where the fee is exclusive of VAT, VAT is charged at 20%
You can use the following link to calculate the Stamp Duty Land Tax
You can use the following link to find out current Land Registry fees
Costs and Fees for Property Purchases
Table of Anticipated Transaction Costs (Applicable to all transactions)
There are costs related to services and fees from other organisations that Graham Dawson & Co will administer for you.
| Item(s) | Basis for calculating your costs |
|---|---|
| STAMP DUTY LAND TAX | See note 1 |
| (Land Transaction Tax in Wales) | |
| LAND REGISTRY FEES FOR REGISTRATION | These are set by HM Land Registry and are dependent on the purchase price, as follows |
| up to £80,000 | £20 |
| £80,001 - £100,000 | £40 |
| £100,001 - £200,000 | £100 |
| £200,001 - £500,000 | £150 |
| £500,001 to £1,000,000 | £295 |
| £1,000,001 and over | £500 |
| (VAT is not charged on these fees) | |
| BUNDLE OF PROPERTY SEARCHES | Approximately £300 including VAT depending on locality and types of search needed |
| BANK TRANSFER ADMINISTRATION FEE INCLUDING BANK CHARGE e.g. to send completion money | £40 plus VAT per transfer |
| LAND REGISTRY SEARCHES AND OFFICIAL COPY ENTRIES | £30 plus VAT appproximately |
Note 1 -
Stamp Duty Land Tax will vary depending on price, and whether you are a first-time purchaser or own other property and whether you are buying in England or Wales. Free-to-use calculators are available online.
These are indicative likely fees for the work of Graham Dawson & Co.
| Purchase Price | Graham Dawson & Co Fees |
|---|---|
| Up to £300,000 | £975 plus VAT |
| £300,001 - £500,000 | £1,095 plus VAT |
| £500,001 - £750,000 | £1,295 plus VAT |
| £750,000 - £999,999 | £1,495 plus VAT |
| £1,000,000 plus | Bespoke estimate will be given |
| Redemption of mortgage on a sale or a new mortgage on purchase | £175 plus VAT |
| Stamp Duty Land Tax return to HMRC | £95 |
We will provide a bespoke estimate for freehold and leasehold new builds.
Fees of Graham Dawson & Co for LEASEHOLD sales and purchases
These are indicative likely fees for the work of Graham Dawson & Co. There is more work and administration involved in purchasing leasehold properties, therefore our prices are higher than for freeholds.
| Purchase Price | Graham Dawson & Co Fees |
|---|---|
| Up to £300,000 | £1,245 plus VAT |
| £300,001 - £500,000 | £1,345 plus VAT |
| £500,001 - £750,000 | £1,645 plus VAT |
| £750,000 - £999,999 | £1,845 plus VAT |
| £1,000,000 plus | bespoke estimate will be given |
| Redemption of mortgage on a sale or new mortgage on a purchase | £175 plus VAT |
| Stamp Duty Land Tax return | £95 plus VAT |
We will provide a bespoke estimate for freehold and leasehold new builds.
Fees for Graham Dawson & Co on a transfer of equity and re-mortgage
Our fees are usually around £650 + VAT for a freehold property and around £900 + VAT for a leasehold property
Estimates are given in good faith and we shall provide you with our Terms of Business. Should it become apparent at any time during the course of this transaction that further work will be required, or if any difficulties have arisen which might make an increase in our fees necessary we shall let you know. Disbursements (expenses) will be charged in addition to professional fees and VAT will be charged on all fees and disbursements where liable to VAT.
Our fees will include taking the following steps in connection with a transaction:
- Taking your full instructions and providing initial advice
- Verifying your identity in accordance with Money Laundering Regulations
- Supplying a contract and title documentation to your buyers and obtaining it from your sellers
- Checking that the sellers are able to sell the property
- Pre-contract searches
- Asking any pre-contract enquiries
- Checking the conditions attaching to your mortgage offer
- Reporting to you and advising you on the documentation
- Agreeing the terms of the contracts for both the sale and the purchaser after amending them, if necessary
- Arranging completion dates and exchanging contracts on both transactions simultaneously (where you are selling and buying)
- Do the pre-completion searches and checks
- Obtaining redemption figures in respect of outstanding mortgage
- Completing the sale/purchase/mortgage on the completion date:
- Receiving the sale money
- Receiving the mortgage funds
- Paying for the purchase property
- Sending any balance over
- Preparing and submitting the Stamp Duty Land Tax Return and paying any Stamp Duty Land Tax (Land Transaction Return and Land Transaction Tax in Wales)
- Also acting for the lender (institutional) in your mortgage of the property to secure their loan to you
- Preparing the application to register the transfer/mortgage at the Land Registry
- Preparing a completion statement and accounting to you
We usually find that exchange of contracts takes place around 6-8 weeks after we are instructed with completion 2-4 weeks later.