Property Pricing Structure 

We offer a competitive fixed fee conveyancing service.  Unlike a lot of other firms we do NOT charge additional fees for completing an SDLT return on your purchase

 

The above is included in our basic fee, details of which are set out below

 

Conveyancing costs / our basic fee (Sale)

 

Our basic fee includes our costs for acting for you in dealing with a routine sale transaction.

This includes:

 

• Taking initial instruction / complying with Law Society due diligence requirements

• Obtaining title documents and drafting contract for sale

• Dealing with enquiries raised by the buyers lawyers

• Approving transfer and replying to requisitions

• Updating you as to progress of the transaction

• Correspondence with you and the buyer’s lawyers and estate agents

• Dealing with exchange and completion

• Dealing with the discharge of a single mortgage on completion (including obtaining a redemption figure and telegraphically transferring sufficient funds to discharge the charge to the mortgagee)

• Reporting to you with a completion statement and taking instructions from you on how you want the net proceeds of sale released to you.

 

Straight forward freehold sale @ £125,000

Our fee                                                            £750.00

VAT                                                                £150.00

Disbursements

Title documents from Land Registry                  

(1 title document and 1 plan)  inc VAT                 £7.20

Additional documents                                        £7.20 per document

Indicative quote total                                      £907.20

 

 

Straight forward leasehold sale (involving management company) @ £125,000

Our fee                                                            £895.00

VAT                                                                 £179.00

Disbursements

Title documents from Land Registry                  

(1 title document and 1 plan)    inc VAT               £7.20

Additional documents                                         £7.20 per document

Indicative quote total                                      £1,088.40

 

There may be additional fees to pay to the Landlord eg.Leasehold information pack            

 

 

In addition to our fixed costs we charge £20 plus VAT for sending you the net proceeds of sale by telegraphic transfer.  We make no charge for sending you the net proceeds of sale by cheque.

 

What are disbursements?

Disbursements are costs relating to your sale or purchase that are payable to third parties such as obtaining title documents from the Land Registry and obtaining replies to leasehold enquiries or a leasehold information pack from the managing agents.

 

How long will my sale take?

This depends on several factors including the number of persons in the chain.  On average the sale process takes between 4 and 10 weeks depending on title complexity and the amount of people above / below you in the chain (if any)

 

What is an indemnity policy?

Sometimes we encounter unforeseen difficulties in a sale or purchase such as missing title documents or a lack of evidence of planning permission, building regulation approval or covenant consent for alterations to a property.  These problems are usually resolved with some form of title indemnity policy.  The cost of a policy varies depending on the defect to be covered and the sale price of the property.  Full details of the cost of the policy will be made available to you if or when one is requested by the buyer’s lawyers.  

 

Conveyancing costs / our basic fee (Purchase)

Our basic fee includes our costs for acting for you in dealing with a routine purchase. 

This includes:

 

• Taking initial instruction / complying with Law Society due diligence requirements

• Receiving and checking seller’s contract and title documents

• Receiving and checking property information form and fixtures and fittings list

• Raising enquiries

• Correspondence with you and the seller’s lawyers

• Commissioning searches

• Receiving and checking your mortgage offer

• Updating you as to progress of the transaction

• Drafting transfer and requesting replies to requisitions

• Exchanging contracts and completing your purchase

• Discharging your liability for SDLT (if any)

• Registering you purchase at HMLR

 

Straight forward freehold purchase @ £125,000

Our fee                                                            £795.00

VAT                                                                 £159.00

Disbursements

Search pack                                                     £156.30

Land Registry search inc VAT                                 £3.60

Bankruptcy search (per name) inc VAT                   £2.40

Stamp duty                                                          £0.00

Land Registry fee                                               £100.00

Indicative quote total                                       £1,216.30

 

 

Straight forward leasehold purchase @ £125,000

Our fee                                                            £945.00

VAT                                                                 £189.00

Disbursements

Search pack                                                     £156.30

Land Registry search   inc VAT                               £3.60

Bankruptcy search (per name)   inc VAT                 £2.40

Stamp duty                                                         £0.00

Land Registry fee                                              £100.00

Indicative quote total                                      £1,396.30

 

Additional disbursements payable

Notice of purchase / mortgage                         £120.00 to £240.00    

 

 

What are disbursements?

Disbursements are costs relating to your purchase or sale that are payable to third parties such as search fees, Land Registry fees and stamp duty.

 

How much will stamp duty be?

This depends on the purchase price of your property.  You can calculate the amount you need to pay by using HMRC’s website https://www.gov.uk/stamp-duty-land-tax

 

How long will my purchase take?

This depends on a number of factors including mortgage offer availability and the number of persons in the chain.  On average, the process takes between 6 to 10 weeks.

 

Conveyancing costs / our basic fee (Remortgage)

Our basic fee includes our costs for acting for you in dealing with a routine remortgage. 

This includes:

 

• Taking initial instruction / complying with Law Society due diligence requirements

• Receiving and checking title documents

• Correspondence with you and the mortgagee

• Commissioning searches (if required)

• Receiving and checking your mortgage offer  

• Discharging your mortgage

• Registering mortgage at HMLR

• Accounting to you with a completion statement

 

Mortagage of a freehold property @ £125,000

Our fee                                                            £495.00

VAT                                                                   £99.00

Disbursements

No search remortgage indemnity insurance          £16.00

Land Registry search   inc VAT                              £3.60

Bankruptcy search (per name)    inc VAT               £2.40

Indicative quote total                                       £616.00

 

Mortgage of a leasehold property @ £125,000

Our fee                                                            £650.00

VAT                                                                 £130.00

Disbursements

No search remortgage indemnity insurance         £16.00

Land Registry search     inc VAT                           £3.60

Bankruptcy search (per name)   inc VAT               £2.40

Indicative quote total                                      £802.00

 

 

Notice of mortgage                                         £120.00 

                                                                       

The above quotes have been prepared on the basis that a no search indemnity policy is obtained in lieu of commissioning searches.  Most lenders will accept a no search indemnity policy which is a cheaper option for you than commissioning searches.

Our Solicitors

Our solicitors will be pleased to help.

• Greg Smith
  Partner, Head of Property Department
  greg@lambert-taylor-gregory.co.uk
  Greg qualified in 2003 and joined the firm in 2012. Greg was made a Partner in 2019. Greg specialises in Property Law although he also deals with Wills, Probate and Estate Administration work. Greg has over 20 years post qualification experience.
• Caroline Clayton-Ridley
  Partner's PA
  corbridge@lambert-taylor-gregory.co.uk
  Caroline joined the firm in January 2020 with 25 years experience and works from the firm's Corbridge Office, having spent a large part of her career based in Newcastle City Centre. Caroline is Greg Smith's PA and will ensure your transaction runs as smoothly as possible