Online Conveyancing Quote

(Calculator update in progress.....)

This calculator will give you an instant estimate of the exact costs in relation to your property transaction. 

 

Residential Conveyancing Pricing

Most people believe that buying or selling your home is one of the most stressful events in your life. At Lovell Chohan Solicitors we do not agree and by entrusting your move to one of our experienced qualified staff means that every effort will be made to ensure that this is the case. We know how important it is that you are kept informed at every stage and that assistance is provided in resolving any problems that may occur. 

The table below illustrates our price structure. Please note, these are indicative prices and the actual cost of your transaction will be sent to you in writing prior to the commencement of your matter.

Sale or Purchase only         

Price        

Price with 20% VAT         

Up to £150,000

£695.00

£834.00

£150,001 - £200,000

£750.00

£900.00

£200,001 - £700,000

£795.00

£954.00

£700,001 - £999,999

£895.00

£1074.00

£1m and over

Price on application

 

 

Additional Costs Where Applicable 

Price        

Price with 20% VAT

Acting for Lender

£150 - £250

£180 - £300

Filing Stamp Duty Land Tax Return

£95

£114

CHAPs / TT Telegraphic Transfer (each) 

£45

£54

ID and AML Check (each) 

£20

£24

Help to Buy ISA

£50

£60

Leasehold

£150

£180

Shared Ownership

£150

£180

Dealing with Share of Freehold

£125

£150

Dealing with Right to Buy

£295

£354

New Build Property

£395

£474

Dealing with Islamic Mortgage

£395

£474

Bridging Loans / Finance

£1750 - £2500£2100 - £3000

Complying with a Court Order

£175£210

Redemption of Additional Charges

£125£150

 

Other services

Price        

Price with 20% VAT

Mortgage / Re-mortgage

£725        

£870

Transfer of Equity

£550

£660

First Registration

£395

£474

Transfer of Equity & Re-mortgage

£825

£990

Equity Release

£750

£900

 

Disbursements

(Third Party Costs / fees)

Price         

Searches Approx

£350

Final search

£20

Stamp Duty or Land Tax

CLICK HERE

Land Registry Fee

CLICK HERE

 

      

Our team

Our experienced team of conveyancing lawyers are an accredited member of the Law Society Conveyancing Quality Scheme - the mark of excellence for the home buying process. Farhana Choudhary is head of department. You can find her details by clicking HERE.

The table below sets out the hourly rates that will be charged for protracted or complex matters. Again you will be advised in writing when such charges may apply.

Partners

£220 to £250

Senior Solicitors/Associates

£200 to £220

Solicitors/Chartered Legal Executives                 

£185 to £200

Trainee Legal Executives/Paralegals

£145 to £235

Trainees & Support

£135 to £150

 

 

Disbursements

We now refer to disbursements incurred in residential conveyancing transactions. These are third party charges, which you are responsible for. We set out below a non exhaustive list of the usual disbursements incurred in residential property transactions (at the prevailing rate):-  

 

  • Pre-contract search package (to include Official Local Authority Search, Environmental Search, Water & Drainage Search, No Search Chancel Indemnity): approximately £375.00 (depending upon the relevant local authority)
  • Title Register from H M Land Registry: £3.90
  • Title Plan from H M Land Registry: £3.90
  • Official Copy of Lease: £3.90
  • Land Registry Fee for Unilateral Notice (recommended for newbuilds where a completion date is not fixed): £20.00
  • H M Land Registry Priority Search: £3.90
  • H M Land Registry Bankruptcy Search: £2.90
  • H M Land Registry Search of the Index Map: £4.90
  • Company Search: approximately £37.00
  • Land Registry Fee for Registration: varies between £20.00 - £550.00 depending upon the property value and type of transaction
  • Stamp Duty Land Tax: varies depending upon your circumstances and details of the property; see separate section below
  • Fee for electronic submission of Application to Register your transaction: £3.60
  • Fee for electronic submission of Stamp Duty Land Tax return: £3.60
  • Freeholder’s/ Managing Agents’/ Management Company Fees for providing a Leasehold Information Pack: varies between £250.00 plus VAT - £1,000.00 plus VAT depending upon the Freeholder/ Managing Agent/ Management Company
  • Freeholder’s/ Managing Agents’/ Management Company Fees for receipting a Notice of Transfer: varies between £50.00 plus VAT - £150.00 plus VAT per notice

 

Please note the prices quoted above are correct at the time of writing, though they may be subject to change at the prevailing rate.

 

Stamp Duty Land Tax

As referred to above, stamp duty liability varies for each transaction and is dependent upon your personal circumstances and the property value and type. We set out below the varying rates for stamp duty at the time of writing:-  

 

  • Stamp Duty First Time Buyers

These rates apply if this is your first purchase of a property in the UK or abroad at the date of completion and you intend to live in this property and the property is being purchased for £500,000.00 or less

 

Up to £300,000                                                                                                                                                 Zero

£300,001 to £500,000                                                                                                                                    5%

 

  • Stamp Duty Only Property

These rates apply if this is your only property in the UK or abroad at the date of completion but you are not a first time buyer

 

Up to £125,000                                                                                                                                                 Zero

£125,001 to £250,000                                                                                                                                    2%

£250,001 to £925,000                                                                                                                                    5%

 

  • Stamp Duty Second Property & Company Purchase

These rates apply if this is a second property in the UK or Abroad at the time of completion

 

Up to £125,000                                                                                                                                                 3%

£125,001 to £250,000                                                                                                                                    5%

£250,001 to £925,000                                                                                                                                    8%

                                                                                                               

Here are some examples of costs for five different scenarios:

Example price 1: Purchase of a freehold new build residential property for joint owners (first time buyers) costing £299,000.

Example price 2: Sale of a freehold residential property for joint owners costing £299,000.

Example Price 3: Purchase of a leasehold residential property for joint owners costing £350,000.

Example price 4: Sale of a leasehold residential property for joint owners costing £350,000.

Example Price 5: Re-mortgage of a freehold residential property for joint owners costing £350,000.

Example Scenarios.......update in progress

Residential Conveyancing Pricing - Example 1

Scenario - Purchase of a freehold new build residential property for joint owners (first time buyers) costing £299,000.00

Estimated total costs for this scenario broken down as follows: £2038.40

Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancer's fees and disbursements (all prices include VAT where applicable at 20%)

  • Lovell Chohan's Legal fee - £990 
  • Search fees - £350
  • Lovell Chohan's Legal fees for Help to Buy or Lifetime ISA (per ISA) - £60 (where applicable)
  • Lovell Chohan's Legal Fee for Help to Buy scheme administration - £120 (where applicable)
  • HM Land Registry fee - £270
  • Bank transfer administration fee - £36
  • Stamp Duty or Land Tax filing fee - £8.40
  • Other/minor disbursements e.g. Land Charges Searches - £24
  • Engrossment fee (not charged by Lovell Chohan, levied by the developers Solicitors where applicable) - £180

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or Search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Land Registry fees are set by the Land Registry - fee information can be viewed here.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here. Our example assumes that you are first time buyers and meet the SDLT requirements for relief in that respect. Full details are available from HMRC.

In this instance the Stamp Duty or Land Tax payment will be £0.

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 10 - 12 weeks. 

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 10 weeks. However, this is dependent on whether or not the property is structurally complete or not at the point of exchange.

Stages of the process

These are some key stages in the life of the transaction. 

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry.

Residential Conveyancing Pricing - Example 2

Scenario - Sale of a freehold residential property for joint owners costing £299,000.00

Estimated total costs for this scenario broken down as follows: £948

Our fees cover all of the work* required to complete the sale of your home

Conveyancer's fees and disbursements (all prices include VAT where applicable at 20%)

  • Lovell Chohans Legal fee - £900
  • Bank transfer administration fee (if applicable) - £36
  • Copies of Land Registry entries (“Office Copies”) - £12

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or Search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

How long will my house sale take?

This will depend on a number of factors. The average process takes between 10 - 12 weeks. 

It can be quicker or slower, depending on the parties in the chain. For example, if your purchasers are a first time buyer, it could take 10 weeks. However, if there are more parties in the chain it could take significantly longer.

Stages of the process

These are some key stages in the life of the transaction. 

  • Take your instructions and give you initial advice
  • Obtain further planning documentation if required
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from purchaser
  • Contact any existing lender and liaise re all aspects of redeeming any existing mortgages
  • Complete sale.

 

Residential Conveyancing Pricing - Example 3

Scenario - Purchase of a leasehold residential property for joint owners costing £350,000.00

Estimated total costs for this scenario broken down as follows: £9253.40*

Our fees cover all the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

Conveyancer's fees and disbursements 

  • Lovell Chohan's Legal fee - £1080
  • Search fees - £350
  • Lovell Chohan's Legal fees for Lifetime ISA (if applicable, per ISA) - £60
  • Lovell Chohans Legal Fee for Help to Buy scheme administration (if applicable) - £60
  • HM Land Registry fee - £135
  • Bank transfer administration fee - £36
  • Stamp Duty or Land Tax filing fee - £8.40
  • Other/minor disbursements e.g. Land Charges Searches - £24
  • Subtotal: £1753.40

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Anticipated Disbursements:

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £120 - £180 including VAT. Please note, this can be payable to more than one entity, and therefore chargeable more than once.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £120 - £180 including VAT.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £120 - £180 including VAT.
  • Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £120 – £180.

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents. please note, these are determined by and payable to the Landlord/Management Company or their legal representatives.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here.

Stamp Duty or Land Tax - £7500 (this is based on the presumption that the purchasers are not first time buyers and do not own any other properties).

 

Stages of the process

These are some key stages in the life of the transaction. 

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry.

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 10 - 12 weeks. 

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 10 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such, a situation additional charges would apply. 

* Our fee assumes that:

  1. 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
  2. this is the assignment of an existing lease and is not the grant of a new lease
  3. the transaction is concluded in a timely manner and no unforeseen complication arise
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Residential Conveyancing Pricing - Example 4

Scenario - Sale of a leasehold residential property for joint owners costing £350,000.00 

Estimated total costs for this scenario broken down as follows: £1156

Our fees cover all of the work* required to complete the sale of your home.

Conveyancer's fees and disbursements (all prices include VAT where applicable at 20%)

  • Lovell Chohans Legal fee - £1080
  • Bank transfer administration fee (if applicable) - £36
  • Copies of Land Registry entries (“Office Copies”) - £40
  • Total: £1156

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or Search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

How long will my house sale take?

This will depend on a number of factors. The average process takes between 8 - 10 weeks. 

It can be quicker or slower, depending on the parties in the chain. If there are more parties in the chain it could take significantly longer, between 3 and 4 months. 

Stages of the process

These are some key stages in the life of the transaction. Please click here to find out more. 

  • Take your instructions and give you initial advice
  • Obtain further planning documentation if required
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from purchaser
  • Contact any existing lender and liaise re all aspects of redeeming any existing mortgages
  • Complete sale.

Residential Conveyancing Pricing - Example 5

Scenario - Re-mortgage of a freehold residential property for joint owners costing £350,000.00 

Estimated total costs for this scenario broken down as follows: £800

Our fees cover all of the work* required to complete your remortgage.

Conveyancer's fees and disbursements (all prices include VAT where applicable at 20%)

  • Lovell Chohans Legal fee - £540
  • Bank transfer administration fee (if applicable) - £36
  • Local Search/Search Indemnity (if required by Lender) - £180
  • Copies of Land Registry entries (“Office Copies”) - £20
  • Other/minor disbursements e.g. Land Charges Searches - £24

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or Search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

How long will my re-mortgage take?

This will depend on a number of factors. The average process takes between 5 - 7 weeks. It can be quicker or slower, depending on the lender . 

Stages of the process

These are some key stages in the life of the transaction. 

  • Take your instructions and give you initial advice
  • Obtain further planning documentation if required
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from the lender
  • Contact any existing lender and liaise re all aspects of redeeming any existing mortgages
  • Complete re-mortgage.

Please note, if a Transfer of Equity element is involved you will need to contact us for an individual quotation.