Fees
Right Law™ have a strong background in residential conveyancing and experienced legal advisors who can assist you with the purchase, sale or re-mortgage of your property. We specialise in all kinds of residential property in both London and all over the rest of England and Wales.
We understand that buying or selling your home can be one of the most stressful processes you are likely to encounter. We aim to use our expertise and experience to manage the conveyancing process for you in the quickest and most stress-free way as possible.
Below are details of the legal costs that would be charged on a residential conveyancing transaction, together with the services provided as part of these costs. These costs are exclusive of VAT and disbursements that may be incurred as part of a transaction. The exact amount charged will depend on the exact circumstances of the transaction, as well as the Partner/fee earner dealing with your matter.
Fee Estimates
Conveyancing Fees:
Freehold Sale
| Value of Property (£) | Our legal fees (£) exclusive of VAT |
| 0 – 250,000 | Lowest fee £900 plus VAT (VAT is £180)Highest fee £1,250 plus VAT (VAT is £250) |
| 250,001 – 500,000 | Lowest fee £1,350 plus VAT (VAT is £270)Highest fee £1,500 plus VAT (VAT is £210) |
| 500,001– 750,000 | Lowest fee £1,600 plus VAT (VAT is £320)Highest fee £1,850 plus VAT (VAT is £370) |
| 750,001 – 1,000,000 | Lowest fee £1,900 plus VAT (VAT is £380)Highest fee £2,250 plus VAT (VAT is £450) |
| More than 1,000,000 | Price quoted on application |
Leasehold sale
| Value of Property (£) | Our legal fees (£) exclusive of VAT |
| 0 – 250,000 | Lowest fee £1000 plus VAT (VAT is £200)Highest fee £1,300 plus VAT (VAT is £260) |
| 250,001 – 500,000 | Lowest fee £1,400 plus VAT (VAT is £280)Highest fee £1,750 plus VAT (VAT is £350) |
| 500,001– 750,000 | Lowest fee £1,800 plus VAT (VAT is £360)Highest fee £2,000 plus VAT (VAT is £400) |
| 750,001 – 1,000,000 | Lowest fee £2,250 plus VAT (VAT is £450)Highest fee £2,600 plus VAT (VAT is £520) |
| More than 1,000,000 | Price quoted on application |
Freehold purchase
| Value of Property (£) | Our legal fees (£) exclusive of VAT |
| 0 – 250,000 | Lowest fee £1,000 plus VAT (VAT is £200)Highest fee £1,250 plus VAT (VAT is £250) |
| 250,001 – 500,000 | Lowest fee £1,350 plus VAT (VAT is £270)Highest fee £1,600 plus VAT (VAT is £320) |
| 500,001– 750,000 | Lowest fee £1,700 plus VAT (VAT is £340)Highest fee £1,950 plus VAT (VAT is £390) |
| 750,001 – 1,000,000 | Lowest fee £2,300 plus VAT (VAT is £460)Highest fee £2,600 plus VAT (VAT is £520) |
| More than 1,000,000 | Price quoted on application |
Leasehold purchases
| Value of Property (£) | Our legal fees (£) exclusive of VAT |
| 0 – 250,000 | Lowest fee £1,250 plus VAT (VAT is £250)Highest fee £1,400 plus VAT (VAT is £280) |
| 250,001 – 500,000 | Lowest fee £1,500 plus VAT (VAT is £300)Highest fee £1,750 plus VAT (VAT is £350) |
| 500,001– 750,000 | Lowest fee £1,800 plus VAT (VAT is £360)Highest fee £2,250 plus VAT (VAT is £450) |
| 750,001 – 1,000,000 | Lowest fee £2,400 plus VAT (VAT is £480)Highest fee £2,750 plus VAT (VAT is £550) |
| More than 1,000,000 | Price quoted on application |
The legal fees will depend on a number of factors including the nature and value of the property involved, and the complexity of the transaction. If your matter becomes unexpectedly complicated, then our costs may be reviewed and you will be advised accordingly in writing.
When your case has been allocated to a Partner/fee earner, you will be provided with a Full estimate of the costs and disbursements that are likely to be incurred on your transaction and the hourly charging rate of the Partner/fee earner dealing with your transaction.
Disbursements
In addition to the legal costs for our professional services, you will also incur some third party costs known as “disbursements”. Below is a list of disbursements likely to be incurred in each type of transaction:
Sales:
| Land Registry searches | From £7.00 |
| Bank transfer fee | £45.00 plus VAT (each) (VAT is £9.00) |
| General disbursements | £50.00 plus VAT (VAT is £10) |
| Management pack (leasehold only) | £250 – 500.00 (estimated) |
Purchases:
| Stamp duty | Calculated on purchase price Buyer’s circumstances |
| Land Registration fee | Calculated on purchase price £20 – £910.00 |
| Land Registry searches | £6-£7.00 |
| Bank transfer fee | £45.00 plus VAT (each) (VAT is £9) |
| General disbursements | £50.00 plus VAT (VAT is £10) |
| SDLT return fee | £75.00 plus VAT (VAT is £15) |
| Search pack | £200 – 450.00 (estimated) |
| E-Lodgement fee | £50.00 plus VAT (VAT is £10) |
| Freeholder registration fee (leasehold only) | £50 – 200.00 (estimated) |
Re-mortgage:
| Land Registration fee | Calculated on purchase price £20 – 910.00 |
| Land Registry searches | £6-£7.00 |
| Bank transfer fee | £45.00 plus VAT (each) (VAT is £9) |
| General disbursements | £50.00 plus VAT(VAT is £10) |
| Local search/search insurance | £20 – 125.00 (estimated) |
| Freeholder registration fee (leasehold only) | £50 – 150.00 (estimated) |
Our professional fees for acting on your remortgage are fixed and include all the legal work necessary to complete your transaction. Our fees for this start at £950.00 plus VAT (VAT £190.00) depending on the value of the property and loan amount.
Land Registry fees (which are based on the value of the transaction and can be checked on the Land Registry website here:
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
and either Stamp Duty Land Tax (SDLT) (if your property is in England) or Land Transaction Tax (LTT) (if your property is in England or in Wales). You can find out how much SDLT or LTT you will have to pay here:
- https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
- https://lttcalculator.wra.gov.wales/
What is included in your legal fee?
Our estimate of legal fees for the conduct of your transaction will be based on carrying out the usual steps in connection with the standard conveyance of a freehold property that is registered at the Land Registry. Should your transaction not be a typical freehold registered property then the work we do will increase depending on what is required to be done and our fees will increase. We will supply you with a menu of additional services at the outset showing our fees for the various items of additional work that may arise. We cap our charges for this work at the fee shown in the menu in order that you have clarity and certainty.
The usual steps in connection with a standard purchase conveyance of freehold property are as follows:
- Checking and approving the contract for purchase
- Carrying out and reporting to you upon the usual searches (local authority, drainage and environmental searches)
- Checking and reporting to you on the title to the property
- Preparing and obtaining your signature to the Transfer deed
- Collecting your purchase funds/deposit and arranging the exchange of contracts
- Carrying out pre-completion official searches
- Completing the purchase
- Registering the purchase at the Land Registry
The usual steps in connection with a standard sale conveyance of freehold property are as follows:
- Obtaining your title documents from the Land Registry and checking it
- Preparing the contract for sale
- Dealing with the buyer’s enquiries
- Obtaining your signature to the contract and Transfer deed
- Arranging the exchange of contracts
- Completing the sale and accounting to you with any balance due to you
Our basic legal fee does not include the additional work involved in dealing with leases, mortgages, management companies, unregistered land, title restrictions, delayed completion or defective titles. We will supply you with full details of the charges for these aspects of the matter at the outset when we provide your fee estimate.
Time scales
Once a sale or purchase of a property has been agreed, an average freehold conveyancing transaction is likely to take between 12 and 16 weeks to reach exchange of contracts from when you provide us with your instructions to act for you. An average leasehold transaction is likely to take between 2 and 4 weeks longer than this, due to the need to obtain information from landlords and management companies. However, it is important to remember that your matter may take a shorter or longer time than this due to specific factors affecting it that may be outside our control. We try to ensure that you are kept informed throughout your matter of the stage it has reached and what remains to be done, so that you can understand the likely time scale that applies to your particular matter.
Referral Fees
We sometimes pay a referral fee to the person or body that introduces a client to our firm. This does not affect your legal fee, and is paid by us, not you. This fee covers the cost of services provided by the referrer such as sales progress assistance, search provision, assistance with identification procedures and other services. Referral fees are usually between £150 and £300 depending on the type and value of the service provided. If this applies, we will tell you when we send you your fee estimate. These arrangements do not affect you or your case in any way and we remain independent of the introducer. We will use our professional judgement to advise you and act in your best interests at all times, and you are free to raise questions on all aspects of the transaction.”