We charge a fixed price ranging between £500.00 and £1,250.00 depending on the value of the property, whether it is freehold or leasehold and the complexity of the transaction.
If a transaction does not reach a conclusion, we reserve the right to charge for the work done, using our normal charging basis of £200.00 per hour. This applies even where a fixed rate has been agreed for the whole matter.
Our charges do not include VAT, which we will add to your bill at the prevailing rate.
Even where our charges are fixed, we would usually expect to incur certain expenses your behalf which we will also add to your bill. The amount of expenses can vary and the following is an estimate only:
We estimate that the total cost of a conveyancing transaction will be in the range of £950.00 and £2,500.00, including our charges, the expenses we expect to pay on your behalf and VAT.
This estimate includes:
The ‘Estimated total legal costs’ shown above assumes that no unforeseen matters arise such as (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documentation ancillary to the main transaction. Additional amounts may be payable for our charges if (for example) the title to the property is unregistered or the legal title is defective or statutory consents have not been obtained in relation to any development carried out to the property or amendment to Leases are required. In addition a sale or purchase of more than £1,000,000.00 may result in a higher fee.
The ‘Estimated total legal costs’ specifically does not include:
Conveyancing transactions usually take 6-10 weeks from receiving your instructions to completion. This is on the basis that the transaction is straightforward, that no unforeseen matters arise, that all parties to the transaction are co-operative and that there is no unreasonable delay from third parties, ie providing documentation. If any complications of this or any other nature arise the matter will take longer. We will advise you if and when this occurs.