A GENERAL INTRODUCTION

At Tedstone, George and Tedstone Solicitors we appreciate that moving home can sometimes be stressful and with extensive expertise in Residential Conveyancing we pride ourselves on providing a high-quality professional service that ensures the process of buying or selling a house is completed as smoothly and efficiently as possible.

Members of the team will be on hand to explain each step without legal jargon so that you understand exactly what will happen and when. Tedstone George and Tedstone Solicitors believe in the importance of communication and you will be updated regularly through personal contact with the specialist team looking after your property transaction.

If you would like to instruct Tedstone George and Tedstone Solicitors to represent you or you would like to obtain a quote specific to your requirements, please do not hesitate to contact one of our team members. We are happy to answer any queries you may have.

How long will the conveyancing process take?

How long it will take from offer until completion will depend on a number of factors. The average process takes between 4 and 16 weeks. For a specific timescale please contact us and we will do our best to provide you with this.

Our fees assume 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) If leasehold, 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

Selling or buying a home or business premises...

TG&T CONVEYANCING FEES

Freehold residential purchase

Our fees cover all of the work required to complete the purchase of your property, including dealing with registration at the Land Registry and the remittance of payment for Stamp Duty Land Tax (Stamp Duty) on behalf of the client if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

 

Fees and disbursements

Property Purchase Price – Fee

Up to £100,000 – £750.00 + VAT

Up to £350,000 – £850.00 + VAT

Up to £400,000 – £875.00 + VAT

Up to £450,000 – £950.00 + VAT

Up to £900,000 – £1,050.00 + VAT

Up to £1,000,000 – £1,150.00 + VAT

Up to £10,000,000 – £1,700.00 + VAT

 

Other legal fees / uplifts – Fee

Shared ownership – £100.00 + VAT

Help to buy ISA – £150.00 + VAT

Help to buy mortgage – £150.00 + VAT

 

Disbursements

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.

Name of  Disbursement – Fee

Bank fee for funds transfer – £20.00 + VAT

Bankruptcy search (per name) – £3.20 inclusive of VAT

Identity check fee (per name) Infotrack – £6.30 inclusive of VAT

Identity check fee (per name) client facing portal – £8.00 inclusive of VAT

Stamp duty land tax portal charge – £6.00

Postage, telephone, copying and fax – £25.00 + VAT

Land Registry Search charges – £25.00 (individual searches cost £4.00 each + VAT)

Office copies of the Land Register – £4.20 each

Registration fee (to register ownership of property) – Fees are based on property value. Quotation will be provided.

Land registry application to register ownership of property (Form AP1) £6.00

Sundry searches £10.00 plus VAT

 

Searches – Fee

Regulated Local Authority search – £90.00 + VAT

Regulated drainage & water search – £29.00 + VAT

Coal Mining report (only required in some instances) – £39.60+ VAT

Environmental – Groundsure report with plan – £58.50 + VAT

 

Variable Costs dependent on the Purchase Price


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 SDLT calculator or, if the property is located in Wales, by using the Welsh Revenue Authority’s website here.


Land Registry fees

The fee charged by the Land Registry to register you as the new owners, following completion of the purchase, is found using the land Registry website – https://www.gov.uk/guidance/hm-land-registry-registration-services-fees)

 

The process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are the key stages:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund the purchase and contact the 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 the seller’s solicitor
  • Give you advice on all documents and information received
  • Go through the conditions of the mortgage offer with you
  • Arrange for the contract to be signed
  • Draft Transfer
  • Advise you on joint ownership (if applicable)
  • Obtain pre-completion searches
  • Agree a 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 the lender and you
  • Complete the purchase
  • Deal with the payment of Stamp Duty/Land Tax
  • Deal with the application for registration at the Land Registry

Please note: Whilst every effort has been made to ensure that the estimate provided is accurate, we reserve the right to raise further charges if the complexity or amount of work involved exceeds the levels anticipated at this stage, or if prices change after the date the estimate was provided.

 

Leasehold residential purchase

Our fees cover all the work required to complete the purchase of your property, including dealing with registration at the Land Registry and the remittance of payment for Stamp Duty Land Tax (Stamp Duty) on behalf of the client if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

 

Fees and disbursements

Property Purchase Price – Fee

Up to £100,000 – £750.00 + VAT

Up to £350,000 – £850.00 + VAT

Up to £400,000 – £875.00 + VAT

Up to £450,000 – £950.00 + VAT

Up to £900,000 – £1,050.00 + VAT

Up to £1,000,000 – £1,150.00 + VAT

Up to £10,000,000 – £1,700.00 + VAT

 

Other legal fees / uplifts – Fee

Flat / apartment leasehold uplift – £700.00 + VAT

General leasehold uplift – £150. 00 + VAT

Shared ownership uplift – £100.00 + VAT

Help to buy ISA – £150.00 + VAT

Help to buy mortgage – £150.00 + VAT

Uplift for each Management Company involved – £150.00 + VAT


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.

Name of Disbursement – Fee

Bank fee for funds transfer – £20.00 + VAT

Bankruptcy search (per name) – £3.20 inclusive of VAT

Identity check fee (per name) Infotrack – £6.30 inclusive of VAT

Identity check fee (per name) client facing portal – £8.00 inclusive of VAT

Stamp duty land tax portal charge – £6.00

Postage, telephone, copying and fax – £25.00 + VAT

Land registry search charges – £25.00 (individual searches cost £4.00 each + VAT)

Office copies of the Land Register – £4.20 each

Registration fee (to register ownership of property). Fees are based on property value. Quotation will be provided.

Land registry application to register ownership of property (Form AP1) £6.00

Sundry searches £10.00 plus VAT

 

Anticipated Disbursements

  • Notice of transfer fee – The lease will set out if this fee is chargeable. Often the fee is between £40 and £75.
  • Notice of charge fee – This fee is set out in the lease. Often the fee is between £40 and £75.
  • 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 £75 and £150.
  • Certificate of compliance fee – To be confirmed upon receipt of the lease, as can range between £75 and £150.

Important notes: These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can provide you with confirmed costs once we have sight of your specific documents. You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

 

Variable Costs dependent on the Purchase Price


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 SDLT calculator or, if the property is located in Wales, by using the Welsh Revenue Authority’s website here.


Land Registry fees

The fee charged by the Land Registry to register you as the new owners, following completion of the purchase, is found using the land Registry website – https://www.gov.uk/guidance/hm-land-registry-registration-services-fees)

 

The process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are the key stages:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund the purchase and contact the lender’s solicitors if needed
  • Receive and advise on contract documents, including the lease and accompanying leasehold information
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of the seller’s solicitor
  • Give you advice on all documents and information received
  • Go through the conditions of the mortgage offer with you
  • Arrange for the contract to be signed
  • Draft Transfer
  • Advise you on joint ownership (if applicable)
  • Obtain pre-completion searches
  • Agree a 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 the lender and you
  • Complete the purchase
  • Deal with the payment of Stamp Duty/Land Tax
  • Deal with the application for registration at the Land Registry

Please note: Whilst every effort has been made to ensure that the estimate provided is accurate, we reserve the right to raise further charges if the complexity or amount of work involved exceeds the levels anticipated at this stage, or if prices change after the date the estimate was provided.

Freehold residential sale

Our fees cover all of the work required to complete the sale of your property.

Fees and disbursements

Property Sale Price – Fee

Up to £100,000£750.00 + VAT

Up to £350,000£800.00 + VAT

Up to £400,000£825.00 + VAT

Up to £450,000£900.00 + VAT

Up to £900,000£1,000.00 + VAT

Up to £1,000,000£1,100.00 + VAT

Up to £10,000,000£1,650.00 + VAT

 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Name of Disbursement – Fee

Bank fee for funds transfer – £20.00 + VAT

Bankruptcy search (per name) – £3.20 inclusive of VAT

Identity check fee (per name) Infotrack – £6.30 inclusive of VAT

Identity check fee (per name) client facing portal – £8.00 inclusive of VAT

Postage, telephone, copying and fax – £25.00 + VAT

Office copies of the Land Register – £4.20 each

 

The process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below are the key stages:

  • Take your instructions and give you initial advice
  • Prepare and send out contract papers
  • Deal with any enquiries from the buyer’s solicitor
  • Give you advice on all documents and information received and sent
  • Arrange for the contract to be signed
  • Agree a completion date (date on which you sell/vacate the property)
  • Exchange contracts and notify you that this has happened
  • Deal with completion and redeem any mortgage /pay agents if applicable

Leasehold residential sale

Our fees cover all of the work required to complete the sale of your property. If you are selling a Leasehold property you will be required to obtain a Landlord Leasehold re-sale pack from the Freeholder / Managing Agents. A fee is payable directly to the Freeholder/ Managing Agents for this pack and the fee will vary depending upon the terms of the Lease. The cost to obtain this pack is generally between £200 and £400.

Fees and disbursements

Property Sale Price – Fee

Up to £100,000£750.00 + VAT

Up to £350,000£800.00 + VAT

Up to £400,000£825.00 + VAT

Up to £450,000£900.00 + VAT

Up to £900,000£1,000.00 + VAT

Up to £1,000,000£1,100.00 + VAT

Up to £10,000,000£1,650.00 + VAT

 

Other legal fees and uplifts for leasehold sales

General leasehold uplift – £150.00 + VAT

 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as the Land Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Name of Disbursement – Fee

Bank fee for funds transfer – £20.00 + VAT

Bankruptcy search (per name) – £3.20 inclusive of VAT

Identity check fee (per name) Infotrack – £6.30 inclusive of VAT

Identity check fee (per name) client facing portal – £8.00 inclusive of VAT

Postage, telephone, copying and fax – £25.00 + VAT

Office copies of the Land Register – £4.20 each

 

The process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below are the key stages:

  • Take your instructions and give you initial advice
  • Prepare and send out contract papers
  • Obtain the leasehold pack
  • Deal with any enquiries from the buyer’s solicitor
  • Give you advice on all documents and information received and sent
  • Arrange for the contract to be signed
  • Agree a completion date (date on which you sell/vacate the property)
  • Exchange contracts and notify you that this has happened
  • Deal with completion and redeem any mortgage /pay agents if applicable