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10 Cross St, Beeston,
Nottingham
NG9 2NX
MDX: 11655 BEESTON
MON-FRI: 9:00 - 17:00
SAT-SUN: Closed
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Pricing
Our fees for sales, purchases and re-mortgages of residential properties in England & Wales are charged at a fixed rate for our standard service.
Residential sale
Fee scale:
Sale price | Freehold | Leasehold |
Up to £125,000 | £800 plus VAT | £1,500 plus VAT |
£125,001 to £200,000 | £850 plus VAT | £1,500 plus VAT |
£200,001 to £250,000 | £900 plus VAT | £1,500 plus VAT |
£250,001 to £500,000 | £950 plus VAT | £1,500 plus VAT |
£500,001 to £750,000 | £1,200 plus VAT | £1,500 plus VAT |
£750,001 to £1,000,000 | £1,500 plus VAT | £1,800 plus VAT |
Over £1,000,000 | To be advised | To be advised |
Our fee covers all of our work* required to complete the sale of your property, including repaying any mortgages or charges secured against your property.
A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account).
In addition to our fees, you will need to pay some disbursements. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
The likely disbursements payable in relation to each sale transaction are as follows:
Disbursement | Freehold | Leasehold |
Land Registry fees | £4.50 per copy document | Usually £27.00 £4.50 per additional document |
Landlord/Freeholder fees | Usually none | Usually between £150 and £500 plus VAT but some freeholders’ agents do charge more |
We usually request payment on account in the sum of £50.00
*What our work includes
Our fee assumes that:
- 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 or dealing with any restrictions that are registered against the title
- the transaction is concluded in a timely manner and no unforeseen complications arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
- there is no agricultural land included in the sale
- there are no special conditions such as overage/clawback or the transaction being subject to planning
- the property is being sold with vacant possession and there are no third parties in occupation
- the lender does not require separate representation
- the title is a single registered title
- the property is not being sold at auction
Our service includes:
- Taking your initial instructions
- Preparing contract documents
- Obtaining information from you and responding to any enquiries received from the buyer’s solicitor
- Attending upon you to sign the final contract
- Agreeing a completion date (the date from which you no longer own the property)
- Exchanging contracts and notifying you that this has happened
- Completing the sale
- Repaying your existing mortgage (if any)
- Paying the estate agents (if any)
- Sending the net sale proceeds to you
Our service does not include:
- Advice on tax implications
- Dealing with any agricultural issues
- Negotiating with any third party, including lenders, on your behalf
Timescale
How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and how quickly your buyer’s mortgage (if any) can be arranged. The average process takes between 2 to 4 months.
Residential purchase
Fee scale:
Purchase price | Freehold | Leasehold |
Up to £125,000 | £800 plus VAT | £1,500 plus VAT |
£125,001 to £200,000 | £850 plus VAT | £1,500 plus VAT |
£200,001 to £300,000 | £900 plus VAT | £1,500 plus VAT |
£300,001 to £500,000 | £950 plus VAT | £1,500 plus VAT |
£500,001 to £750,000 | £1,200 plus VAT | £1,500 plus VAT |
Over £750,000 | £1,500 plus VAT | £1,800 plus VAT |
Our fee covers all of our work* required to complete the purchase of your new property, including dealing with registration at the Land Registry and dealing with the payment of any standard Stamp Duty Land Tax (Stamp Duty) if the property you wish to buy is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
An additional £36 (inclusive of VAT) bank transfer fee is also payable for sending cleared funds to the seller’s solicitor on completion.
In addition to our fees, you will need to pay some disbursements. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £300.
The likely disbursements payable in relation to each purchase transaction are as follows:
Disbursement | Freehold | Leasehold |
Searches | Usually around £300 | Usually around £300 |
Landlord/Freeholder fees | Usually none, unless, for example, a deed of covenant is required | Usually between £200 and £600 plus VAT but some freeholders do charge more |
Land Registration fees | See table below | See table below |
Land Registry searches | Priority search £4.30 per search Bankruptcy search £3.30 per name | Priority search £4.30 per search Bankruptcy search £3.30 per name |
Land Registration fees:
Purchase Price | Not New Build | New Build/Transfer of Part |
£0 to £80,000 | £20 | £45 |
£80,001 to £100,000 | £40 | £95 |
£100,001 to £200,000 | £100 | £230 |
£200,001 to £500,000 | £150 | £330 |
£500,001 to £1,000,000 | £295 | £655 |
£1,000,001 and over | £500 | £1105 |
Stamp Duty or Land Tax
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.
*What our work includes
Our fee assumes that:
- 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 or dealing with any restrictions that are registered against the title
- for a leasehold purchase, that this is the assignment of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complications arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
- there is no agricultural land included in the purchase
- there are no special conditions such as overage/clawback or the transaction being subject to planning
- the property is being sold with vacant possession and there are no third parties in occupation
- the lender does not require separate representation
- the title is a single registered title
- the property has not been purchased at auction
Our service includes:
- Taking your initial instructions
- Receiving and advising on contract documents
- Carrying out all necessary searches
- Making any necessary enquiries of seller’s solicitor
- Reporting on all documents and information received
- Reporting on the conditions of your mortgage offer
- Attending upon you to sign the final contract and other documents
- Agreeing a completion date (date from which you own the property)
- Exchanging contracts and notifying you that this has happened
- Arranging for all monies needed to be received from your lender and you
- Completing the purchase
- Dealing with the payment of Stamp Duty/Land Tax
- Dealing with the application for registration at the Land Registry
Our service does not include:
- Advice on tax implications (other than Stamp Duty/Land Tax)
- Advice on non-standard Stamp Duty/Land Tax arrangements
- Advice on or preparation of Tenancy Agreements
- Dealing with or advising on any agricultural issues
- Negotiating with any third party, including lenders, on your behalf
Timescales
How long the transaction will take, from the offer being accepted until completion takes place, will depend on a number of factors including the length of the chain and the turnaround time for the necessary searches. The average process takes between 3 to 6 months.
Residential mortgage / re-mortgage
For a residential re-mortgage, our fee will be £550 plus VAT. Our fee covers all of our work* required to complete the re-mortgage of your property, including repaying any existing mortgages or charges secured against your property.
In addition to our fees, you will need to pay some disbursements. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £200.00.
The likely disbursements that you will have to pay for a re-mortgage are:
Disbursement | Freehold | Leasehold |
Searches (if required by the lender) | Usually around £300 | Usually around £300 |
Landlord/Freeholder fees | None | To be confirmed by your landlord following instruction |
Land Registration fees | See table below | See table below |
Land Registry searches | Priority search £4.30 per search Bankruptcy search £3.30 per name | Priority search £4.30 per search Bankruptcy search £3.30 per name |
Land Registry documents | £4.50 per copy document | £4.50 per copy document |
A bank transfer fee of £36 (inclusive of VAT) is payable for repaying each mortgage or charge and for each same day bank transfer (such as remitting the net proceeds to your own bank account).
Land Registration fees – Registered titles
This is based on value to be transferred.
Amount of new borrowing | Fee |
£0 to £100,000 | £20 |
£100,001 to £200,000 | £30 |
£200,001 to £500,000 | £45 |
£500,001 to £1,000,000 | £65 |
£1,000,001 and over | £140 |
*What our work includes
Our fee assumes that:
- 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 or dealing with any restrictions that are registered against the title
- the transaction is concluded in a timely manner and no unforeseen complications arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
- there is no agricultural land included in the mortgage
- there are no special features such as overage/clawback or the land being subject to unfulfilled planning obligations
- the property is being mortgaged with vacant possession and there are no third parties in occupation
- the lender does not require separate representation
- the title is a single registered title
- the borrowing is from a mainstream lender
Our service includes:
- Taking your initial instructions
- Carrying out all necessary searches required by your lender or arranging no search indemnity insurance if this is acceptable to the lender
- Reporting on the conditions of your mortgage offer
- Sending the mortgage deed to you for signature
- Arranging for all monies needed to be received from your lender and you
- Completing the re-mortgage
- Sending any surplus funds to you
- Dealing with the application for registration at the Land Registry
Our service does not include:
- Advice on tax implications
- Negotiating with any third party, including lenders, on your behalf
- Transfers of Equity
Timescale
How long the transaction will take will depend on a number of factors including how quickly your mortgage offer is issued and whether your new lender requires searches. The average process takes between 4 to 10 weeks.
Edwards Clegg Solicitors is authorised and regulated by the Solicitors Regulation Authority (number 627902). Edwards Clegg Solicitors provides its services subject to its terms of business.
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