CONVEYANCING FEES
What are our fees for buying and selling residential properties? What are our fees for re-mortgaging or transferring equity a residential property?
BUYING AND SELLING
What are our fees?
| PROPERTY VALUE | FREEHOLD PROPERTY* | LEASEHOLD PROPERTY* |
| £0 – £200,000 | £800+VAT | £975+VAT |
| £200,001 – £250,000 | £850+VAT | £1,000+VAT |
| £250,001 – £350,000 | £900+VAT | £1,025+VAT |
| £350,001 – £500,000 | £975+VAT | £1,075+VAT |
| £500,001 – £750,000 | £1,125+VAT | £1,300+VAT |
| £750,001 – £1,000,000 | £1,550+VAT | £1,600+VAT |
| £1,000,000+ | £1,800+VAT | £2,200+VAT |
*If the property is a New Build, Shared Ownership, or the transaction involves a Help to Buy Equity Loan – an additional £200+VAT is applicable
*We charge an additional £100+VAT to act for your lender. If acting for a company in the purchase of a property with a mortgage, this fee increases to £500+VAT
*If there is a requirement for monies to be transferred by Telegraphic Transfer (TT) for same day payment there will be an additional service fee £35.00 plus VAT.
*We charge a fixed File Storage fee of £20+VAT for each matter
What do our fees cover?
We handle the entire process for you. We aim to make it as straightforward as possible for you.
Are there additional costs?
In addition to our fees, there will be costs payable to third parties which are unavoidable. We will advise you at an early stage what additional costs will be incurred. The following list is a non exhaustive list of the type of additional costs that will be incurred:
Purchases
- Stamp Duty Land Tax – for details click here
- A Land Registration fee Scale 1: Click here for current costs
- Search fees approximately £300.00*
- Land Registry pre-completion search £7
- Land Charges Bankruptcy Search £6 per name
- Leasehold: Notice Fees, Deed of Covenant and Certificate of Compliance Fees may apply
Sales:
- Official Copy of Register Entries and copy documents from the Land Registry generally £28
- Leasehold: Seller’s Management Pack. Please note that if the ground rent and service charges are collected by different parties, you may need to order two separate packs and pay for both.
How long will it take?
This is often beyond our control. The process is often delayed by “chains” and can only be completed when everyone buying or selling is ready to complete. Subject to this, a standard sale or purchase can usually be completed in 16-20 weeks.
RE-MORTGAGE OR TRANSFER OF EQUITY
What are our fees?
Our estimated fees are:
| SERVICE REQUIRED | FREEHOLD PROPERTY** | LEASEHOLD PROPERTY** |
| RE-MORTGAGE | £775+VAT | £775+VAT |
| TRANSFER OF EQUITY – with no mortgage | £775+VAT | £775+VAT |
| TRANSFER OF EQUITY – with mortgage | £850+VAT | £850+VAT |
**We charge an additional £100+VAT to act for your lender. If acting for a company in the purchase of a property with a mortgage, this fee increases to £500+VAT
**We charge a fixed File Storage fee of £20+VAT for each matter
What do our fees cover?
We handle the entire process for you. We aim to make it as straightforward as possible for you.
Are there additional costs?
In addition to our fees, there will be costs payable to third parties which are unavoidable. We will advise you at an early stage what additional costs will be incurred. The following list is a non exhaustive list of the type of additional costs that will be incurred:
- Official Copy of Register Entries and copy documents from the Land Registry approximately £10.00
- A transfer of equity may also be subject to Stamp Duty Land Tax
How long will your case take?
The process itself will normally take between 4 and 6 weeks.
OTHER FEES/INSTRUCTIONS:
- Lease Extensions: £1,200+VAT
- Equity Release: £950+VAT
- Independent Legal Advice appointments: £350+VAT
- ID1 forms: £175+VAT
- Declaration of Trust: £450+VAT
Please note
We believe that the information above is accurate. However, please note that:
- *The Search fee of £300.00 is a guideline as this can vary
depending on the charge imposed by the individual Local and Water Authorities. - Our charges are generally fixed, but we reserve the right to vary
the fee should anything unusual or untoward come to light during the course of the transaction.
Who will deal with your case?
In all cases, your case will be handled by one of our experienced Conveyancing Team.
For expert advice please call:
Conveyancing Team on 01634 575464 (Gillingham Office) or email at: info.gill@bassetssolicitors.co.uk
Conveyancing Team on 01634 400161 (Rochester Office) or email at: info.roch@bassetssolicitors.co.uk
Bassets Solicitors – Conveyancing Fees for Medway, Strood, Rochester, Chatham, Gillingham, Rainham, Gravesend, Dartford, Sittingbourne and Maidstone