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The fees involved in any transaction are important and we review our fees on a regular basis, considering clients’ feedback so we can make sure we always offer the best value for your money.
Again, we typically work on a fixed fee basis, ensuring that you know what the fees will be for your transaction from the outset. If, during the transaction, there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fees are set out as:
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 you wish to buy is in Wales.
Our fees are in the range of £895.00 + VAT at 20% (£179.00) to £4500.00 + VAT at 20% (£900.00) up to the value of £500k. Anything above you will need to contact us directly. Please email us to obtain a detailed quote for the costs involved in your property transaction. Please follow the link below and complete your details and a team member from your preferred offices will contact you to provide a bespoke quote.
https://www.mfgsolicitors.com/site/services-for-me/property/conveyancing-quote-form/
Our typical fee for the purchase of a freehold property valued at £350,000.00 would be £1600.00 + VAT at 20% (£320.00) + Disbursements.
In addition a Bank Transfer Charge of £30.00 + VAT at 20% (£6.00) and an Electronic ID Check of £10.00 + VAT at 20% (£2.00) (per person) will be payable.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees (see below) . We handle the payment of the disbursements on your behalf to ensure a smoother process.
These fees may be subject to change if further information relating to your property becomes available.
This will depend 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.
For further information relating to Land Registry fees go to:
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees
As rough guide see the Table below:
Purchase Price | Fee |
---|---|
0 to £80,000 | £45 |
£80,001 to £100,000 | £95 |
£100,001 to £200,000 | £230 |
£200,001 to £500,000 | £330 |
£500,001 to £1,000,000 | £655 |
£1,000,001 and over | £1105 |
You will also incur the following fees:
The Conveyancing Department does not undertake tax advice.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include:
For any transaction, the timescales are subject to change depending on when your offer is accepted and factors involved such as:
A typical transaction will take between 10-14 weeks. However, if any of the above apply, or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity so you always have a clear picture of how long things are likely to take.
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:
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