FREEHOLD PURCHASE ESTIMATE
– you will need to add any Stamp Duty Land Tax / Land Transaction Tax payable to this estimate – links to the government calculators are below this table
PURCHASE
PRICE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR
BEHALF
TOTAL
ESTIMATE
(including
all
applicable
VAT)
LEGAL
FEES
ADDITIONAL FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL FEES
(including
VAT)
*Search fees
estimate (including
VAT)
HM Land
Registry
Registration
fee (on the
basis the title
is registered)
Miscellaneous
expenses
£0-
£200,000
£1,200
plus VAT
£75.00
plus VAT
(assuming one ID
check and one
electronic transfer)
The sum of £75 is
made up as follows:-
• Arranging ID
verification check
= £10 plus VAT
per individual
• Arranging
electronic money
transfer - £40
plus VAT per
transfer
• File/document
storage fee = £25
plus VAT
£255
£1,530
£305.84
(inclusive of VAT)
The estimate of
£305.84 is made up
as follows:
• *Current
Basingstoke &
Deane fees of
£165.84 (inclusive
of VAT) given as
example
• **Environmental,
Chancel, drainage
and water fees –
estimate of £140
(including VAT)
£95
(or less if
purchase price
below
£100,001)
£18.00
(inclusive of
VAT)
• HM Land
Registry
search fee
(£3 plus
VAT),
• Bankruptcy
search fee
(£2 plus
VAT
• LMS fee, if
applicable
lender (£10
plus VAT)
£1,948.84
£200,001-
£300,000
£1,300
plus VAT
£275
£1,650
£135
£2,108.84
£300,001-
£400,000
£1,400
plus VAT
£295
£1,770
£135
£2,228.84
£400,001-
£500,000
£1,500
plus VAT
£315
£1,890
£135
£2,348.84
£500,001 +
0.3% of
the
purchase
price
Eg. £2,250
plus VAT
if
property
purchased
at
£750,000
£465
£2,790
£270 up to
£1m purchase
price
OR
£455 if
purchase price
is
£1,000,001+)
£3,383.84
(if
purchase
price of
£750,000)
Lamb Brooks
Conveyancing Fees
In a competitive market you want to be sure you are getting the best value for money alongside
strategic legal advice for your property transaction.
We pride ourselves on being transparent and thorough with our fees. Our estimates will detail
anticipated areas of work and associated costs for a straightforward transaction.
We trust that this gives you reassurance in instructing us and we look forward to working
together in all your Property needs.
To give you an indication of costs, please see below:
Freehold Purchase
Scope of work: The precise stages and timescales involved in your purchase will vary depending
on circumstances/factors.
In general, the process includes: Taking your instructions and giving initial advice, checking
finances are in hand to fund the purchase, receiving and advising on contract and title
documents, carrying out searches, obtaining further documentation if required, making enquiries
of the seller’s solicitors, advising on documents and information received, going through
conditions of mortgage offer, advising on ownership and obtaining instructions, complying with
mortgage instructions, sending final contracts out, drafting required transfer document,
exchanging contracts with agreed completion date, obtaining pre-completion search results,
arranging monies to be in place from both yourself and/or your high street lender, arranging
completion monies to be transferred, completing the purchase, dealing with the payment of
Stamp Duty Land Tax/Land Transaction Tax and dealing with registration application to Land
Registry.
Timescale: The general timescale for a straightforward freehold registered property purchase
from receipt of a full draft Contract Pack to exchange/completion is between 10-14 weeks. This
general timescale is likely to be longer whilst the property market is highly congested.
Fees: Legal Fees based on the purchase of one whole registered Title by one individual with
funding from one High Street Lender from start to Completion including dealing with registration
at the Land Registry and payment of Stamp Duty Land Tax if the property is in England or Land
Transaction Tax if the property is in Wales / submission of the relevant documentation, whether
or not the payment is actually due.
FREEHOLD PURCHASE ESTIMATE
*you will need to add any Stamp Duty Land Tax / Land Transaction Tax payable to this estimate – links to the government calculators are below this table
PURCHASE
PRICE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR
BEHALF
TOTAL
ESTIMATE*
(including
all
applicable
VAT)
LEGAL
FEES
ADDITIONAL FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL FEES
(including
VAT)
*Search fees
estimate (including
VAT)
HM Land
Registry
Registration
fee (no VAT)
(on the basis
the title is a
whole
registered
title)
Miscellaneous
expenses
£0-
£200,000
£1,300
plus VAT
£75.00
plus VAT
(assuming one ID
check and one
electronic transfer)
The sum of £75 is
made up as follows:-
• Arranging ID
verification check
= £10 plus VAT
per individual
• Arranging
electronic money
transfer - £40
plus VAT per
transfer
• File/document
storage fee = £25
plus VAT
£275
£1650
£343.60
(inclusive of VAT)
The estimate of
£343.60 is made up
as follows:
• *Current
Basingstoke &
Deane fees of
£177.60 (inclusive
of VAT) given as
example
• **Environmental,
Chancel, drainage
and water fees –
estimate of £166
(including VAT)
£100
(or less if
purchase price
below
£100,001)
£6.00
(inclusive of
VAT)
• HM Land
Registry
search fee
(£3 plus
VAT),
• Bankruptcy
search fee
(£2 plus
VAT)
£2,099.60
£200,001-
£300,000
£1,400
plus VAT
£295
£1,770
£150
£2,269.60
£300,001-
£400,000
£1,500
plus VAT
£315
£1,890
£150
£2,383.60
£400,001-
£500,000
£1,600
plus VAT
£335
£2010
£150
£2,509.60
£500,001 +
0.35% of
the
purchase
price
Eg. £2625
plus VAT
if
property
purchased
at
£750,000
£540
Based on
purchase
price of
£750,000
£3240
£295 up to
£1m purchase
price
OR
£500 if
purchase price
is
£1,000,001+)
£3,884.60
(if
purchase
price of
£750,000)
VAT is charged at the current standard rate of 20%
*Stamp Duty Land Tax / Land Transaction Tax
In addition to the above, Stamp Duty Land Tax (if the property is located in England) or Land Tax
(if the property is located in Wales) will depend on the purchase price of the property as well as
your individual circumstances. You can calculate the amount you will need to pay by using
HMRC’s website or the Welsh Revenue Authority website, as applicable:
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
https://beta.gov.wales/land-transaction-tax-calculator
*Local Search Fee:
• This is dependent upon where the property being purchased is located as each Local
Authority has its own charge. You should be able to ascertain the Local Authority’s cost by
visiting its website. These can range from £100 to £500, dependent upon the Local
Authority. Please note that when we invoice you, VAT is charged on the local land register
searches element which local authorities do not generally add VAT to. With Basingstoke &
Deane for example, as at March 2022, a local authority search costs £177.60.
**Environmental, Chancel, Water & Drainage Search fees:
• £166.00 inc VAT* estimated as dependent upon search provider’s charges at the time.
VAT is charged at the current standard rate of 20%
Leasehold Purchase
Scope of work: The precise stages and timescales involved in your purchase will vary depending
on circumstances/factors.
In general the process includes: Taking your instructions and giving initial advice, checking
finances are in hand to fund the purchase, receiving and advising on contract and title
documents, carrying out searches, obtaining further documentation if required, making enquiries
of the seller’s solicitors, advising on documents and information received, going through
conditions of mortgage offer, advising on ownership and obtaining instructions, complying with
mortgage instructions, sending final contracts out, drafting required transfer document,
exchanging contracts with agreed completion date, obtaining pre-completion search results,
arranging monies to be in place from both yourself and/or your high street lender, arranging
completion monies to be transferred, completing the purchase, dealing with the payment of
Stamp Duty Land Tax/Land Transaction Tax and dealing with registration application to Land
Registry.
Timescale: The general timescale for a straightforward leasehold registered property purchase
from receipt of a full draft Contract Pack including all Landlord/Managing Agent/Management
Company information/documents to exchange/completion is between 12-16 weeks. This general
timescale is likely to be longer whilst the property market is highly congested.
Please note that, in addition, if you are buying a leasehold property that requires an extension of
the term of years or variation etc then the timescale will be significantly longer and additional
costs would apply.
Fees: Legal Fees based on the purchase of one whole registered Title by one individual with
funding from one High Street Lender from start to Completion including dealing with registration
at the Land Registry and payment of Stamp Duty Land Tax if the property is in England or Land
Transaction Tax if the property is in Wales
LEASEHOLD PURCHASE ESTIMATE
*you will need to add any Stamp Duty Land Tax / Land Transaction Tax payable to this estimate – links to the government calculators are below this table
PURCHASE
PRICE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR BEHALF
TOTAL
ESTIMATE*
(including
all
applicable
VAT)
LEGAL
FEES
ADDITIONAL
FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL FEES
(including
VAT)
Search fees
estimate
(including
VAT)
HM Land
Registry
Registration
fee (no VAT)
(on the basis
the title is a
whole
registered
title)
Miscellaneous
expenses
***Leasehold
expenses –
please see
further
information
below this table
£0-
£200,000
£1,600
plus VAT
£75.00
plus VAT
(assuming one
one electronic
transfer)
The sum of £75
is made up as
follows:-
• Arranging
ID
verification
check =
£10 plus
VAT per
individual
• Arranging
electronic
money
transfer -
£40 plus
VAT per
transfer
• File/docum
ent
storage fee
= £25 plus
VAT
£335
£2,010
£343.60
(inclusive of
VAT)
The estimate of
£343.60 is
made up as
follows:
• *Current
Basingstoke
& Deane fees
of £177.60
(inclusive of
VAT) given as
example
• **Environme
ntal, Chancel,
drainage and
water fees –
estimate of
£166
(including
VAT)
£100
(or less if
purchase
price below
£100,001)
£6.00
(inclusive of
VAT)
• HM Land
Registry
search fee
(£3 plus
VAT),
• Bankruptcy
search fee
(£2 plus
VAT)
£600.00
(inclusive of
VAT)
This is made
up as follows:
Landlord/
Managing
Agent /
Management
Company:
-Notice of
Transfer fee:
-Notice of
Charge Fee:
-Deed of
Covenant fee:
-Certificate of
Compliance fee:
£3,059.60
£200,001-
£300,000
£1,700
plus VAT
£355
£2,130
£150
£3,229.60
£300,001-
£400,000
£1,800
plus VAT
£375
£2,250
£150
£3,349.60
£400,001-
£500,000
£1,900
plus VAT
£395
£2,370
£150
£3,469.60
£500,001 +
0.4% of
purchase
price
Eg.
£3,000
plus VAT
if
property
purchased
at
£750,000
£615
Based on
purchase
price of
£750,000
£3,690
£295 up to
£1m
purchase
price
OR
£500 if
purchase
price is
£1,000,001
+
£4,934.60
(if purchase
price of
£750,000)
**Environmental, Chancel, Water & Drainage Search fees:
• £166.00 inc VAT* estimated as dependent upon search provider’s charges at the time.
VAT is charged at the current standard rate of 20%
***Leasehold Expenses
There are certain expenses which will no doubt be required as set out in the lease for the
property as well as in the Landlord/Managing Agent/Management Company
information/documents. Typical expenses in this regard are set out below. However, please note
that this list is not exhaustive/conclusive and we can only inform you of the same once known:
• Landlord/Managing Agent/Management Company Notice of Transfer Fee – Often
between £100.00 – £200.00 inc VAT* (£150 inc VAT has been used in the estimate
above)
• Landlord/Managing Agent/Management Company Notice of Charge Fee – Often between
£100.00 – £200.00 inc VAT* (£150 inc VAT has been used in the estimate above)
• Landlord/Managing Agent/Management Company Deed of Covenant Fee – Often
between £100.00 – £200.00 inc VAT* (£150 inc VAT has been used in the estimate
above)
• Landlord/Managing Agent/Management Company Certificate of Compliance Fee – Often
between £100.00 – £200.00 inc VAT* (£150 inc VAT has been used in the estimate
above)
VAT included is at the current standard rate of 20%
Such expenses vary from property to property and can, on occasion, be significantly more than
the ranges given above.
You should also be aware that Ground Rent and Service Charges are likely to apply throughout
your ownership of the property and we can only inform you of the same once known.
Freehold Sale
Scope of work: The precise stages and timescales involved in your sale will vary depending on
circumstances/factors.
In general, the process includes: Taking your instructions and giving initial advice, checking your
ability and capacity to sell, obtaining the required Title documents and reviewing the same,
drafting the contract, preparing required protocol forms, obtaining further documentation if
required, dealing with the buyer’s solicitors enquiries, obtaining required mortgage redemption
statement, complying with secured lender’s instructions, sending final contracts out, approving
draft transfer document, exchanging contracts with agreed completion date, obtaining required
figures/statements/invoices, arranging transfer of monies, completing the sale, dealing with
redemption of mortgage, accounting to you.
Timescale: The general timescale for a straightforward freehold registered property sale from
instruction to exchange/completion is between 8-12 weeks. This general timescale is likely to be
longer whilst the property market is highly congested.
FREEHOLD SALE ESTIMATE
SOLD
PRICE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES
WE MAKE ON YOUR BEHALF
TOTAL
ESTIMATE
(including all
applicable
VAT)
LEGAL FEES
ADDITIONAL FEES
VAT on Legal
Fees and
Additional
fees
TOTAL
FEES
(including
VAT)
HM Land
Registry Fees
for title
documents
Bankruptcy
search
£0-
£200,000
£1000 plus
VAT
£75.00
plus VAT
(assuming one ID check and
one electronic transfer)
The sum of £75 is made up
as follows:-
• Arranging ID verification
check = £10 plus VAT
per individual
• Arranging electronic
money transfer - £40
plus VAT per transfer
• File/document storage
fee = £25 plus VAT
•
£215
£1,290
£7.20
(inclusive of
VAT)
If additional
documents are
referred to in
the title and are
required, there
would be an
additional fee of
£3.60 (inclusive
of VAT) per
document
£2.40
(inclusive of
VAT) per
name
£1,299.60
£200,001-
£300,000
£1,100 plus
VAT
£235
£1,410
£1,419.60
£300,001-
£400,000
£1,200 plus
VAT
£255
£1,530
£1,539.60
£400,001-
£500,000
£1,300 plus
VAT
£275
£1,650
£1,659.60
£500,001 +
0.30% of
the sold
price
Eg. £2250
plus VAT if
property
sold at
£750,000
£465
£2,790
£2,799.60 (if
property sold
at £750,000)
VAT is charged at the current standard rate of 20%
Leasehold Sale
Scope of work: The precise stages and timescales involved in your sale will vary depending on
circumstances/factors.
In general, the process includes: Taking your instructions and giving initial advice, checking your
ability and capacity to sell, obtaining the required Title documents and reviewing the same,
drafting the contract, preparing required protocol forms, obtaining further documentation if
required, obtaining the Landlord/Managing Agent/Management Company required
Pack/leasehold property enquiry replies, dealing with the buyer’s solicitors enquiries, obtaining
required mortgage redemption statement, complying with secured lender’s instructions, sending
final contracts out, approving draft transfer document, exchanging contracts with agreed
completion date, obtaining required figures/statements/invoices, dealing with apportionment of
Ground Rent and Service Charges as at the Completion Date, arranging transfer of monies,
completing the sale, dealing with redemption of mortgage, accounting to you.
Timescale: The general timescale for a straightforward freehold registered property sale from
instruction to exchange/completion is between 10-14 weeks. This general timescale is likely to
be longer whilst the property market is highly congested.
Fees: Legal Fees based on the sale of one whole registered Title with an existing secured
charge in favour of one High Street Lender from start to Completion including dealing with
discharge of such registered charge.
LEASEHOLD SALE ESTIMATE
SALE PRICE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR
BEHALF
TOTAL
ESTIMATE
(including
all
applicable
VAT)
LEGAL
FEES
ADDITIONAL FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL
FEES
(including
VAT)
HM Land Registry
Fees for title
documents
Bankruptcy
search
*Leasehold expenses
-see further
information below
the table
£0-
£200,000
£1,300
plus VAT
£75.00
plus VAT
(assuming one ID
check and one
electronic transfer)
The sum of £75 is
made up as follows:-
• Arranging ID
verification check
= £10 plus VAT
per individual
• Arranging
electronic money
transfer - £40
plus VAT per
transfer
• File/document
storage fee = £25
plus VAT
£275
£1,650
£18.00
(inclusive of VAT)
If additional
documents are
referred to in the
title and required,
there would be an
additional fee of
£3.60 (inclusive of
VAT) per
document
£2.40
(inclusive
of VAT) per
name
£675
This estimate is
made up as follows:
• Landlord /
Managing Agent /
Management
company
documents –
estimate of £375
(inclusive of VAT)
• Landlord /
Managing Agent /
Management
company deed of
Covenant fee –
estimate of £150
(inclusive of VAT)
• Retention
estimate of £150
(inclusive of VAT)
£2,345.40
£200,001-
£300,000
£1,400
plus VAT
£295
£1,770
£2,465.40
£300,001-
£400,000
£1,500
plus VAT
£315
£1,890
£2,585.40
£400,001-
£500,000
£1,600
plus VAT
£335
£2,010
£2,705.40
£500,001+
0.40% of
the sale
price
Eg, £3000
plus VAT
if
property
sold at
£750,000
£615
£3,690
£4,385.40
VAT is charged at the current standard rate of 20%
*Leasehold expenses
There are certain expenses which will no doubt be required given the required
Landlord/Managing Agent/Management Company information/documents. Typical expenses in
this regard are set out below. However, please note that this list is not exhaustive/conclusive and
we can only inform you of the same once known:
• Landlord/Managing Agent/Management Company Information/Documents – Often
between £250.00 – £500.00 inc VAT* (£375 inc VAT has been used as an estimate in
the table above)
• Landlord/Managing Agent/Management Company Deed of Covenant Fee – Often
between £100.00 – £200.00 inc VAT* (£150 inc VAT has been used as an estimate in the
table above)
• If the Buyer’s Solicitors require a Retention to be held (generally with regard to service
charge apportionments that cannot be ascertained at the time of completion), then there
would be additional costs in this regard, estimated between £100.00-£200.00 plus VAT*.
(£150 inc VAT has been used as an estimate in the table above)
VAT included is at the current standard rate of 20%
Such expenses vary from property to property and can, on occasion, be significantly more than
the ranges given above.
Mortgage / Re-Mortgage
Scope of work: The precise stages and timescales involved in your mortgage or re-
mortgage transaction will vary depending on circumstances/factors.
In general, the process includes: Taking your instructions and giving initial advice, checking your
ability and capacity to mortgage/remortgage, obtaining the required Title documents and
reviewing, checking finances are in hand, carrying out searches, obtaining further documentation
if required, going through conditions of mortgage offer, complying with mortgage instructions,
obtaining required mortgage redemption statement, complying with secured lender’s instructions,
obtaining pre-completion search results, obtaining required figures/statements, arranging monies
to be in place from both yourself and/or your high street lender, completing the
mortgage/remortgage, dealing with redemption of mortgage and dealing with registration
application to Land Registry.
Please note that if the property comprises a leasehold property, details would need to be
obtained from the Landlord/Managing Agent/Management Company.
Timescale: The general timescale for a straightforward freehold registered mortgage/remortgage
from receipt of a formal Mortgage Offer to Completion is between 3-6 weeks. This general
timescale is likely to be longer whilst the property market is highly congested.
Fees: Legal Fees based on a mortgage/remortage of one whole registered Freehold or
Leasehold Title with funding from one High Street Lender from start to Completion including
dealing with registration at the Land Registry.
FREEHOLD MORTGAGE / REMORTGAGE ESTIMATE
PROPERTY
VALUE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR BEHALF
TOTAL
ESTIMATE
(including
all
applicable
VAT)
LEGAL
FEES
ADDITIONAL FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL
FEES
(including
VAT)
HM Land
Registry
Fees for title
documents
*Search fees
estimate
(including VAT)
HM Land
Registry
Registration
fee (no VAT)
(on the basis
the title is
registered)
Miscellaneous
expenses
£0-
£200,000
£495
plus VAT
£75.00
plus VAT
(assuming one ID
check and one
electronic transfer)
The sum of £75 is
made up as
follows:-
• Arranging ID
verification
check = £10
plus VAT per
individual
• Arranging
electronic
money
transfer - £40
plus VAT per
transfer
• File/document
storage fee =
£25 plus VAT
£114
£684
£7.20
(inclusive of
VAT)
If additional
documents
are referred
to in the title
and
required,
there would
be an
additional
fee of £3.60
(inclusive of
VAT) per
document
£343.80
(inclusive of VAT)
The estimate of
£343.80 is made up
as follows:
• *Current
Basingstoke &
Deane fees of
£177.80
(inclusive of VAT)
given as example
• **Environmental,
Chancel,
drainage and
water fees –
estimate of £166
(including VAT)
PLEASE NOTE THAT
THE NEW LENDER
MAY ACCEPT
SEARCH
INDEMNITY
INSURANCE AND IF
SO THIS WOULD BE
AT A LOWER COST
THAN ABOVE.
£30
(or £20 if
borrowing is
below
£100,001)
£6.00
(inclusive of
VAT)
• HM Land
Registry
search fee
(£3 plus
VAT),
• Bankruptcy
search fee
(£2 plus
VAT)
£1,071.00
£200,001-
£300,000
£595
plus VAT
£134
£804
£45
£1,206.00
£300,001-
£400,000
£695
plus VAT
£154
£924
£45
£1,326.00
£400,001-
£500,000
£795
plus VAT
£174
£1,044
£45
£1,446.00
£500,001 +
0.2% of
the
property
value
Eg.
£1,500
plus VAT
if
property
value is
£750,000
£315
£1,890
£65 up to
£1m
borrowing
OR
£140 if
borrowing is
£1,000,001+)
£2,312 (if
borrowing
of
£750,000)
LEASEHOLD MORTGAGE / REMORTGAGE ESTIMATE
PROPERTY VALUE
LAMB BROOKS FEES
PAYMENTS TO THIRD PARTIES WE MAKE ON YOUR BEHALF
TOTAL
ESTIM
ATE
(includi
ng all
applica
ble
VAT)
LEGAL
FEES
ADDITIONAL
FEES
VAT on
Legal Fees
and
Additional
fees
TOTAL
FEES
(includi
ng VAT)
HM Land
Registry
Fees for
title
documents
*Search fees
estimate
(including VAT)
HM Land
Registry
Registratio
n fee (no
VAT) (on
the basis
the title is
registered)
Miscellaneous
expenses
***
Leasehold
expenses
(please see
further
leasehold
information
below this
table)
£0-£200,000
£690
plus VAT
£75.00
plus VAT
(assuming one
one electronic
transfer)
The sum of £75
is made up as
follows:-
• Arranging
ID
verification
check =
£10 plus
VAT per
individual
• Arranging
electronic
money
transfer -
£40 plus
VAT per
transfer
• File/docum
ent storage
fee = £25
plus VAT
£153
£918
£7.20
(inclusive
of VAT)
If
additional
documents
are referred
to in the
title and
required,
there
would be
an
additional
fee of £3.60
(inclusive of
VAT) per
document
£343.80
(inclusive of
VAT)
The estimate of
£343.80 is
made up as
follows:
• *Current
Basingstoke
& Deane fees
of £177.80
(inclusive of
VAT) given as
example
• **Environme
ntal, Chancel,
drainage and
water fees –
estimate of
£166
(including
VAT)
PLEASE NOTE
THAT THE NEW
LENDER MAY
ACCEPT SEARCH
INDEMNITY
INSURANCE
AND IF SO THIS
WOULD BE AT A
LOWER COST
THAN ABOVE.
£30
(or £20 if
borrowing is
below
£100,001)
£6.00
(inclusive of
VAT)
• HM Land
Registry
search fee (£3
plus VAT),
• Bankruptcy
search fee (£2
plus VAT
£300
(inclusiv
e of VAT)
Made up
as
follows:
• Landlord
/Managi
ng
Agent/
Manage
ment
compan
y –
Notice of
Charge
fee –
estimate
of £150
(inc VAT)
• Landlord
/
Managin
g Agent /
Manage
ment
Compan
y –
Certificat
e of
Complia
nce fee –
estimate
of £150
(inc VAT)
£1,605
£200,001
-
£300,000
£790
plus VAT
£173
£1,038
£45
£1,740
£300,001
-
£400,000
£890
plus VAT
£193
£1,158
£45
£1,860
£400,001
-
£500,000
£990
plus VAT
£213
£1,278
£45
£1,980
£500,001 +
0.25% of
the
property
value
Eg.
(£1,875
plus VAT
if
property
value is
£750,000
£390 if
property
value
£750,000
£2,340
£65 up to
£1m
borrowing
OR
£140 if
borrowing
is
£1,000,001
+)
£3,062
(if
borrow
ing
of
£750,0
00)
VAT is charged at the current standard rate of 20%
*Local Search Fee:
This is dependent upon where the property being mortgaged/remortgaged is located as each Local
Authority has its own charge. These can range from £100 to £500, dependent upon the Local
Authority, but you should be able to ascertain the Local Authority’s cost by visiting its website.
Please note that when we invoice you, VAT is charged on the local land register searches element
which local authorities do not generally add VAT to. With Basingstoke & Deane for example, as at
March 2022, a local authority search would cost £177.80.
**Environmental, Chancel, Water & Drainage Search fees:
£166.00 inc VAT* estimated as dependent upon search provider’s charges at the time.
VAT is charged at the current standard rate of 20%
It may be the case that the new Lender will accept indemnity insurance in place of obtaining the
search results – the premium for this will depend upon the value of the property, your lender’s
requirements and the indemnity insurer’s requirements, but generally lower than full search results.
***Leasehold Expenses
If the property is leasehold there are certain expenses which will no doubt be required as set out in
the lease for the property as well as in the Landlord/Managing Agent/Management Company
information/documents. Typical expenses in this regard are set out below. However, please note
that this is not exhaustive and we can only inform you of the same once known:
• Landlord/Managing Agent/Management Company Notice of Charge Fee – Often between
£100.00 – £200.00 inc VAT* (estimate of £150 inc VAT is included in the table above)
• Landlord/Managing Agent/Management Company Certificate of Compliance Fee – Often
between £100.00 – £200.00 inc VAT* (estimate of £150 inc VAT is included in the table
above)
VAT included is charged at the current standard rate of 20%
Such expenses vary from property to property and can, on occasion, be significantly more than the
ranges given above.
Further Notes on Conveyancing Fees
The costs given in the tables above assume that:
a) This is a standard transaction and that no unforeseen matters arise including, for
example, (but not limited to) a defect in title which requires remedying prior to completion
or the preparation of additional documents ancillary to the main transaction– if this is not
the case, there would be an increase in the costs above;
b) The property comprises registered land – if the property is unregistered, there would be
an increase in the costs above;
c) For a leasehold transaction - that this is for the assignment of an existing lease that is
not a ‘Shared Ownership’ lease and is not the grant of a new lease – if this is not the
case, there would be an increase in the costs above;
d) The transaction is concluded in a timely manner and no unforeseen complication arises–
if this is not the case, there would be an increase in the costs above;
e) All parties to the transaction are co-operative and there is no unreasonable delay from
third parties– if this is not the case, there would be an increase in the costs above;
f) All required planning permission(s) and/or building regulations document(s) are
g) All required documents have been provided – if this is not the case, there would be
an increase in the costs above;
h) No indemnity policies are required – if this is not the case, there would be an
increase in the costs above;
i) Any Third Parties involved provide required information/documents in a timely
manner;
j) Any mortgage lender involved is a High Street lender providing a normal/standard
product – if this is not the case, there would be an increase in the costs above.
k) No Government Help To Buy Scheme/Product etc is involved – if this is not the
case, there would be an increase in the costs above.
above;
m) No second loan/charge is required – if this is not the case, there would be an
increase in the costs above;
n) The transaction does not comprise/involve out of the norm matters eg Right to Buy,
Auction property, Repossessed property etc – if this is not the case, there would be
an increase in the costs above;
o) No personal attendance at the property or with yourself is required – if this is not the
case, there would be an increase in the costs above.
Each fee earner in our Residential Property Law Team has more than 20 years’ experience in
delivering high quality work in all matters relating to Residential Conveyancing.
As a department, the fee earners have over 100 years’ property experience!
We have four fee earners who may manage your property matter:
• Sheena Aston - Partner, Solicitor and Head of the Residential Property Law Team
• Jeanette Frangou ACILEx - Associate and Chartered Legal Executive
• Janine Pendry-Clark – Associate and Fellow of the Chartered Institute of Legal Executives
• Mandy Brown – Conveyancing Executive
The department are also supported by a team of able assistants who are supervised by Sheena
Aston, Partner and Head of the Residential Property Law Team.
