Certificate of Compliance fee – this fee is payable to the Freeholder or Management Company. It is set by them and we have no control over the amount. Often the fee is between £100-£200 plus VAT.
Deed of Covenant fee – this fee is payable to the Freeholder or Management Company. It is set by them and we have no control over the amount. Often the fee is between £100-£200 plus VAT.
Disbursements – these 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. We will ask you for funds to cover the anticipated disbursements in advance to us paying them.
Electronic Transfer Fee – this is charged per transfer for a same day transfer of funds. This will be required to repay your existing mortgage. If any sums are due to you and you would like it on the same day, a further fee will be payable.
ID Check (Per Person) – as part of our legal obligations, we are required to know who our clients are. To do this, we fully identify all new clients, verify their identity and, if applicable, identify their source of funds. We use a third party to check different public databases to help confirm identity and to also check the legitimacy of photographic identification.
Land Charges Search (Bankruptcy Search) – this costs £2 per name – it is carried out on behalf of any mortgage lender to check for any bankruptcy registered against your name.
Land Registry Fee (Electronic) – this is the fee that the land registry charge to register the new owners of the property at the land registry.
Land Registry Search – this is carried out just before completion and is required to provide an update on the land registry title and ensure no further charges can be registered ahead of the registration of you as new owner of the property.
Leasehold fee – this is a supplementary legal fee in relation to the additional legal work required on a leasehold purchase.
Legal fee – these are our charges for carrying out the work on your matter. Although in general we provide our conveyancing services at a fixed fee, there may be some circumstances where the work required to progress a transaction falls outside of the standard fixed fee transaction. Should this be the case, we will always notify you of this in advance to undertaking the additional work and provide you with an estimated cost for the same.
Mortgage fee – this fee is charged as we are required to act for your mortgage lender is ensuring their security is protected. If buying, we receive your mortgage funds in readiness for completion. If redeeming a mortgage, this is the fee charged for acting on behalf of your mortgage lender in redeeming the loan to them.
Notice of Charge fee (if the property is to be mortgaged) – This fee is payable to the Freeholder or Management Company. It is set by them and we have no control over the amount. Often the fee is between £100-£200 plus VAT.
Notice of Transfer fee – this fee is payable to the Freeholder or Management Company. It is set by them and we have no control over the amount. Often the fee is between £100-£200 plus VAT.
Office Copy Entries – £3 per document – these are documents from the Land Registry that show ownership of a property and any supporting documents such as the property title and plans.
Search Pack – an average search pack cost is between £200 and £250 for a Local Authority Search, Drainage Search and Environmental Search.
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 the HMRC website or, if the property is located in Wales, by using the Welsh Revenue Authority’s website.
Referral fee – if you were referred to our services by a third party (e.g. estate agent, legal comparison quote website) then a referral fee may apply. The referring party will make you aware of this at the point of referral. Should you have not been given this information, please let us know and we will confirm the amount.