Residential Conveyancing

We are an accredited member of the Law Society’s Conveyancing Quality Scheme (CQS). This is the only recognised Quality Standard for residential property legal work and reflects the high quality and professionalism of the service that the firm provides to our clients when acting in sales and purchases of properties.

Renowned for our domestic property expertise, the firm’s residential property team continue to excel in their success year on year.  The team recognise there is no substitute for experience and make every effort to relieve you of the pressures involved in buying or selling a house.  The team’s objective is to ensure the transaction runs as smoothly as possible and to provide a friendly and personal service to each of its clients from beginning to end.

Below are our typical range of fee’s, for each transaction. In order for us to provide you with an accurate cost, please get in touch with a member of the team.

Our state of the art case management system ensures that speed and efficiency enable us to complete your transaction with the minimum of fuss.

Our residential conveyancing lawyers specialise in:

  • Buying or Selling Freehold or Leasehold Property
  • Remortgaging Property
  • Building your own Home
  • Buying a New Build
  • Sale and Purchase of Building Plots
  • Equity Release
  • Transfer of Equity
  • Deeds of Gift
  • Problems with Leases, Rights of Way and Boundary Disputes
 

Max Sale fee

Min Sale fee

Max Purchase fee

Min Purchase fee

Remortgaging

0-200k

£645

£425

£645

£425

£300 to £500

200,001k-350k

£775

£425

£775 

£425

£300 to £500

350,001k-500k

£925

£425

£925

£425

£400 to £800

500,001k-1million

£2,000

£425

£2,000

£425

£400 to £900

1million plus

Price on application

Price on application

Price on application

Price on application

Price on application

  • All the fees shown above are subject to VAT at the prevailing rate.
  • Fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you.
  • For any properties over £1 million please note that a bespoke estimate of costs will be required.

The sorts of things that can arise include whether the property is leasehold or freehold, new build or shared ownership. Other items can include indemnity policies, lease variations, Declarations of Trust and many others. To assist and to give an idea of why the possible fees can vary so much in the table below (Please note that we reserve the right to alter these at any time and on a case by case basis depending on circumstances and at our discretion).

  • Mortgage Lender Legal Fees:   £50-£200
  • Administration ID Fee:   £10-£15
  • Lawyer Check:   £10
  • TT Fee:   £30-£48
  • SDLT Submission Fee:   £75
  • Leasehold Fee:   £100-£200
  • Shared Ownership Fee:   £100-£250
  • Unregistered Title Fee:   £150
  • New Build Fee (dependant on which development): £100-£200
  • Gifted Deposit Fee:   £50-£100
  • Help to Buy ISA Fee:   £50
  • Declaration of Trust Fee:   Start at £150
  • File Storage Fee:   £40

All the fees shown above are subject to VAT at the prevailing rate.

Fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you.

 

DISBURSEMENTS  

STAMP DUTY

Please see links below

SEARCHES

Please see information and link below

LAND REGISTRY FEES

Please see information and link below

   

Finally there are payments that any client will have to make and which should be the same or similar whoever conducts your conveyancing.  These are often known as Disbursements but in plain English these are payments that have to be made to third parties to fulfil the requirements for transferring land. They include payments for

  • Stamp Duty (SDLT or Welsh Land Transaction Tax depending on the location of the property). Always remember the tax you pay is self-assessment and we are not tax lawyers and cannot advise. To be sure that you pay the correct amount of tax you should consider taking specialist independent tax advice before committing to any purchase).
    Please click here to be taken to the basic HMRC web site calculator or here for the Welsh Land Transaction Tax Calculator.
  • Searches (of the local authority, mining searches, drainage searches, land registry searches, environment searches, area development searches and many more).  You should budget between £200 and 350 including VAT for searches depending on location, number and types of searches required
  • Land registry fees payable – again these depend on the type of property its value and whether an electronic submission can be made. Please click here to access the land registry website for details

CONVEYANCING TIMESCALES

Typically 12 – 16 weeks.

All our clients understandably would like certainly as to how long it will take and yet that is the one thing that no conveyancer can give. The average transaction time according to the government has lengthened (due to more vigorous requirements for anti-fraud investigations, money laundering checks and other things such as changes to mortgage regulation etc.) with 12-16 weeks now being the average. Many matters can proceed quicker than this and we will always try and do our best to meet a client’s requirements but please note that this is often not within our control and so no firm commitments should be made to timescales unless and until you have reached exchange of contracts.

Referral fees

There may be some instances where referral fees are paid to third parties, such as estate agents panels and mortgage brokers , for the introduction of your business. These fee’s typically range from £12-£468 inclusive of VAT. Any such fees applicable to your transaction will be disclosed in our formal quote and initial paperwork before you are committed to the transaction.

To obtain an accurate conveyancing quotation bespoke to your transaction, please contact us on:

Shrewsbury: 01743 285888

Telford: 01952 297979

Newport: 01952 810307

Bridgnorth: 01746 768748

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Need advice? Email us enquiries@terry-jones.co.uk