Solicitors Based in Chester Offering Legal Services throughout England and Wales
Solicitors Based in Chester Offering Legal Services throughout England and Wales

Conveyancing Transparency Fee

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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.

* Our fee assumes 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
b. The transaction is concluded in a timely manner and no unforeseen complication arise
c. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
d. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

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Conveyancer’s fees and disbursements
Legal fee £X
Search fees £X
HM Land Registry fee £X
Electronic money transfer fee £X
VAT payable £X
Subtotal (or just this figure) £X
Referral fee (if any)
Amount of referral fee paid £X
Recipient of referral fee
Estimated total: £X

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.

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.

Estimated total £X (This will give clients a clear understanding of the total cost of the transaction and so the full funds the client will need to complete it.)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 6-12 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 6 weeks (subject to the house being built). However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

• 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

Example template: Purchase of a leasehold residential property

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.
See website calculator.

Conveyancer’s fees and disbursements

• Legal fee £X
• Fee for acting on behalf of the mortgage lender £X
• Search fees £X
• HM Land Registry fee £X
• Electronic money transfer fee £X
• VAT payable £X
• Subtotal (or just this figure) £X
Referral fee (if any)
• Amount of referral fee paid £X
• Recipient of referral fee
Estimated total: £X
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.

• HM Land Registry fee: £X
• Search fees: £X
• VAT on search fees
• Electronic money transfer fee: £X
• VAT £X
• Subtotal: £X
Anticipated Disbursements*
• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between XX- XXX.
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between X and X.
• 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 X and X.
• Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between X – X.

*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.

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 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.

Grand total £X (This will give clients a clear understanding of the total cost of the transaction and so the full funds the client will need to complete it.)
The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

• 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 8-12 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 6 weeks (subject to the property being finalised). 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:

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

Why PDA Law?

At PDA Law we are committed to offering a friendly, professional and efficient legal service. Our residential property team, led by renowned solicitor Sean Watts, has achieved outstanding results for many clients buying properties. We are dedicated to helping you buy your property in a swift and professional manner.

We will ensure that the transfer of your purchase is managed to the highest standard, minimising any stress experienced along the way. Our conveyancing specialists are dedicated to processing your transaction as quickly and as smoothly as possible, from your initial instruction through to completion.

Contact us

If you are buying a property and need help or legal guidance, contact PDA Law today on 01244 757306, or fill out our online contact form and we will get in touch at a time that is convenient for you.

To view our fees regarding Conveyancing Transparency, please see our fees page.

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MEET OUR EXPERTS

Our Team of Lawyers in Chester

Paul D’Ambrogio

Paul D’Ambrogio

Director and Commercial Property & Conveyancing Specialist
Jana Dubcova

Jana Dubcova

PI Litigation

For legal services you can trust, please call us or visit us in our Chester office

TESTIMONIALS

What Our Customers Say About Us

Quick & Responsive

Honestly I would recommend PDA for any agency/landlord deposit dispute. Jane was such a dream to work with and she got me a good compensation. She was quick and responsive throughout the whole process as well as transparent. She kept me in the loop with all correspondence with the agency/landlord. She also knows her stuff. Would recommend PDA law.

Odette Akoache

They provided us with realistic timescales

It was our first time we dealt with PDA law for our conveyancing. We were recommended to them by the Property agency. We are glad we had a good experience with PDA law, especially during lockdowns and Christmas period. They made sure, they had all the paper-work in place with all searches done in time. They provided us with realistic timescales, so that there is no disappointment towards the end. Looking forward to deal with them in the near future.

Jameson Banji