GREGORY ABRAMS DAVIDSON SOLICITORS
Helping get your life back on track
Conveyancing Costs
There are two elements to the costs of buying and selling a property the fees we charge for doing the work and the payments we have to make in order to carry out the transaction for you.
Our fees, and the payments we make on your behalf, will depend upon the value of the property, the nature of the transaction and where the property is located. We will always make sure that you are fully aware of all of the charges that apply.
We will always try and make sure that your property transaction takes no longer than is absolutely necessary. However, the length of time may be dependent upon factors outside of your or our control.
The average process takes between 8-12 weeks. Sometimes, if it is a simple transaction without a long chain of related transactions then it might be quicker. however, if there are lots of parties involved and a long chain of transactions, it might take longer.
For example, if you are a first-time buyer, purchasing a new build property with a mortgage that has been agreed, it could take 8-10 weeks. However, if you are buying and selling a property and those to whom you are selling have not had a mortgage approved or those from whom your buying have problems with their related transaction then it can take considerably longer. This may also be reflected in the price that we need to charge – especially if substantial negotiations are involved.
We will always make sure that you are kept fully up-to-date with the likely time-scale.
The base costs for our conveyancing services are listed below. They are dependent upon where the property is located. Your transaction will be handled from the office that is most appropriate for the service provided, based upon your location and that of the property in question.
FREEHOLD AND *LEASEHOLD
| Cost of Property |
Range of Standard Legal Fees
| ||
| From: | To: | From: | To: |
| £0 | £250,000 | £750 | £1,150 |
| £251,000 | £499,999 | £850 | £1,300 |
| £500,000 | £750,000 | £1,150 | £1,550 |
| £750,001 | £1,000,000 | £1,350 | £1,850 |
| £1,000,001 | £1,500,000 | £1,550 | £2,250 |
| £1,500,001 | £1,999,999 | £2,500 | £3,500 |
| £2,000,000 plus | POA | ||
*Leasehold additional charges:
House £175 plus V.A.T.
Flat from £350 plus V.A.T.
REMORTGAGES – residential only
| Amount of Loan |
Range of Standard Legal Fees
| ||
| From: | To: | From: | To: |
| £0 | £500,000 | £750 | £1,250 |
| £500,001 | £1,000,000 | £1,250 | £1,950 |
| £1,000,000 plus | POA | ||
TRANSFER OF EQUITY AND ASSETS
| Range of Standard Legal Fees | |
| From: | To: |
| £750 | £1,500 |
AUCTION PURCHASES
ADDITIONAL CHARGES (Subject to V.A.T at 20%)
Charge Costs(excl V.A.T)
| Charge | Costs(excl V.A.T) |
| Preparation and submission of Stamp Duty Land Tax (SDLT) Return or Land Transaction Tax Return (LTT) | £100.00 |
| Gifted Deposits | From £85.00 |
| Indemnity Policy where there is a title defect (per policy) | £75.00 |
| Additional titles that need to be considered in addition to the one being purchased (per title) | £95.00 |
| Help to Buy ISA Bonus/ Lifetime ISA | £50.00 |
| Help to Buy/Shared Ownership Purchases | £250.00 |
| Bank TT | £40.00 |
| New Build | From £350.00 minimum |
| First Registration | £175.00 |
PLEASE NOTE THAT ALL LEGAL FEES ARE EXCLUSIVE OF VAT AT 20% AND DISBURSEMENTS.
Costs Examples
To give you an example of the costs and disbursements that might be incurred in a transaction, please see the following examples: Please note that these are only examples and will not necessarily reflect the precise costs in any matter.Contact our conveyancing lawyers in Liverpool & North West London today
Our Services
Whatever your legal matter, you can be confident that our lawyers will provide you with peace of mind and innovative solutions. To arrange an initial consultation with one of our lawyers, please complete our online enquiry form or contact us on 0808 501 3528 for our Liverpool office or 020 8209 0166 for our London office.
For enquiries regarding Personal Injury Claims, you can email [email protected].
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