We understand that our clients are individuals with individual requirements, and we pride ourselves in giving a bespoke service to everyone. By the same token, no two properties are ever the same and we treat each transaction with the care and attention it deserves. We know that moving home can be an exciting time, but we also understand that it can be stressful too. It is an important step in your life, and we therefore do everything we can to work with you every step of the way to make it as smooth as possible for you. Our conveyancing fees vary depending on the type of property you are buying or selling, and the amount of work involved.
We try to give a fair estimate of our fees at the outset, although sometimes we do need to revise this if it becomes apparent later on that more work is involved than first anticipated. We have therefore set out below our standard fees for certain types of transactions, although please do not hesitate to contact us to discuss your individual requirements and we can then give you a more accurate estimate taking into account your personal circumstances.
Freehold Purchase – Registered Property
As a guideline, our fees for handling a straightforward freehold purchase at £195,000.00 are set out below (excl. VAT):
| Pinniger Finch legal fees | £850.00 |
| Admin and Transfer of funds fee | £30.00 |
| Completion of Stamp Duty Land Tax form | £75.00 |
| VAT on the above | £191.00 |
| Total | £1146.00 |
In addition to this, you will need to pay a certain additional sums to third parties which we arrange to pay on your behalf. They are known as ‘disbursements’. As a guideline, on a purchase of £195,000.00 the disbursements will be as follows:
Searches
| Local search, water and drainage search, and environmental search | £257.20 |
These searches are the minimum that your lender will need us to carry out on your behalf.
There are other searches available:
| Land Registration Fee | £100.00 |
| Land Registration pre-registration Search fees - two purchasers | £7.00 |
| Stamp Duty Land Tax (applicable after 23 Sept 2022) | TBC |
| Total | £107.00 PLUS sdlt (if applicable) |
Summary
| Our charges | £1146.00 |
| Other payments | £107.00 (plus SDLT if applicable) |
| Total | £1253.00 |
Freehold Sale – Registered Property
Our fees for handling a straightforward sale at £195,000.00 are set out below (excl. VAT):
| Pinniger Finch legal fees | £850.00 |
| Admin & Transfer of funds fee | £30.00 |
| VAT on the above | £176.00 |
| Total | £1056.00 |
Note: If you are not linking in a purchase with your sale you will also need to pay the ID check fee of £25 plus VAT.
You will also have to pay certain disbursements in relation to the sale, which would only normally be the cost of containing an up-to-date copy of your title from the Land Registry, which is set out below:
| Land Registry Title documentation | £6.00 |
Summary
| Our charges | £1056.00 |
| Other payments | £10.00 |
| Total | £1066.00 |
Please be aware that you will also need to make other payments to third parties too, such as your Estate Agent, which we can arrange to pay on your behalf.
Leasehold Purchase – Registered Property
The purchase of a leasehold property involves much more work than a freehold purchase as both the freehold title and the leasehold title need to be investigated along with the lease itself.
In addition, the majority of leasehold purchases are flats, and there is usually an ongoing obligation to pay service charges and ground rent to the landlord. We also need to assess all the paperwork associated with this too.
As a guidance, our fees for handling straightforward leasehold purchase at £195,000.00 are set out below (excl. VAT):
| Pinniger Finch legal fees | £1000.00 |
| Admin and Transfer of funds fee | £30.00 |
| Completion of Stamp Duty Land Tax form | £75.00 |
| Stamp Duty (if applicable) | TBC |
| VAT on the above | £221.00 |
| Total | £1326.00 |
In addition to this, you will need to pay certain additional sums to third parties which we arrange to pay on your behalf. They are known as ‘disbursements’.
As a guideline, on a purchase of £195,000.00 the disbursements will be as follows:
Searches
| Local search, water and drainage search, and environmental search | £257.20 |
Local search, water and drainage search, and environmental search £222.80
These searches are the minimum that your lender will need us to carry out on your behalf. There are other searches available:
| Land Registration Fee | £100.00 |
| Land Registration pre-registration Search fees - two purchasers | £7.00 |
| Stamp Duty Land Tax (applicable after 23 Sept 2022) | TBC |
| Total | £107.00 PLUS sdlt (if applicable) |
Summary
| Our charges | £1,326.00 |
| Other payments and SDLT if applicable | TBC |
| Our Charges | £1326.00 (plus SDLT if applicable) |
Please be aware that on a leasehold purchase you will also have to pay further charges to third parties. You will most likely need to pay an apportionment of service charges and ground rent to the landlord, and the amount will be apportioned in line with the completion date.
In addition, most landlords require us to serve them a ‘Notice of Transfer’ advising them formally that the sale has taken place. They will make a charge for receipting the Notice. This fee is set by the landlord (or Management Company who handle the development) and it will be specific to that particular development. There are no set fees for receipting the Notice, although the cost is commonly between £50.00 – £100.00.
Some leases have further requirements which involve additional charges, such as needing a separate Notice if you have a mortgage, or the lease may set our that you need to enter into a ‘Deed of Covenant’ with the landlord. The landlord will charge extra for handling this paperwork. Again, this cost is commonly between £50.00 – £100.00 per document.
Leasehold Sale – Registered Property
Our fees for handling a straightforward leasehold sale at £195,000.00 are set out below (excl. VAT):
| Pinniger Finch legal fees | £950.00 |
| Admin and Transfer of funds fee | £30.00 |
| VAT on the above | £196.00 |
| Total | £1176.00 |
You will also have to pay certain disbursements in relation to the sale, which would only normally be the cost of obtaining an up-to-date copy of your title and the freehold title from the Land Registry, as set out below:
| Land Registry Title documentation | £12.00 |
Summary
| Our charges | £1176.00 |
| Other payments | £12.00 |
| Total | £1188.00 |
Please be aware that you will need to make other payments to third parties too. You will need to budget to pay for the landlord (or the Management Company) to provide an information pack. This gives information about the Development as a whole as well as providing information about the annual service charges, audited accounts, as well as the fees that the landlord charges to acknowledge the change of ownership. There is no standard cost for this pack. It can be as little as £50.00 or as much as £350.00.
This amount will need to be paid upfront before the landlord will provide the pack. We will make enquiries with the landlord or management company to find out how much the pack will cost. Please therefore be aware that we may need additional monies on account from you at that time to enable us to meet this cost on your behalf. You may also need to budget for costs which can be quantifiable, such as your Estate Agents fees.