Guide to fees on a sale
Our charges
- Freehold = 0.3% of the price, plus VAT, subject to a minimum charge of £1895 +VAT
- Leasehold = 0.3% of the price, plus VAT subject to a minimum fee £2200 +VAT
- Bank fee £30 plus VAT (per transfer – 2 or 3 envisaged per transaction)
- Copy deeds £14 – £42 plus VAT
- Online ID check £13.20 + VAT
If the property you are selling is leasehold, we will also need to obtain a sale pack from the landlord and/or managing agents who look after the building. The price of these vary from landlord to landlord and, if the landlord’s consent is required for the sale to proceed, there will also be legal charges payable to the landlord’s solicitor.
Indicative charges/fees:
- Landlord sale pack £200 – £500 incl VAT (per pack)
- Landlord consent fee £500 – £1,000
Adam Wilson - Residential Conveyancing“Thank you for your support throughout this process, you were incredible and went much further than you needed to in order to facilitate this sale. Your compassion and support, even when ill, or technically not working was very appreciated by me and I’m grateful that you were there.”
Guide to fees on a purchase
Our charges
- Freehold = 0.3% of the price, plus VAT, subject to a minimum charge of £1895 +VAT
- Leasehold = 0.3% of the price, plus VAT subject to a minimum fee £2200 +VAT
- Newly constructed property = POA subject to a minimum charge of £2900 plus VAT. These types of transactions are very individual in terms of timescales and requirements and we will need to liaise with you for full details in order to provide a realistic quote.
- Bank fee £30 plus VAT (per transfer – 2 or 3 envisaged per transaction)
- Mortgage portal fee £35 +VAT
- Stamp duty A variable amount depending on your circumstances
- Land Registry fees A variable amount depending on the price you are paying
- Land Registry searches Title search – £7 plus VAT per search
- Bankruptcy search £13.75 plus VAT per name
- Lender part II check £10 + VAT
- Local search £200 – £400 incl VAT(these fees are dependent on the local council)
- Drainage search £60
- Environmental search £95
- Online ID check £15.51 + VAT
Heleni Hinchcliffe - Residential Conveyancing“We would highly recommend Heleni Hinchliffe and her conveyancing team. Heleni was meticulous, thorough and highly professional but with a personal and “real” approach. She came recommended to us, and we would have no hesitation in recommending her and the firm to others.
Gordons Partnership is a large firm with many specialisations, and in dealing with our house purchase, which was not totally straightforward, they charged exactly what they quoted with no horrible surprises at the end!”
Guide to fees on a remortgage
The process of mortgaging a property is similar to a purchase in terms of the legal work that has to be carried out for the lender.
- Legal Fees £950 plus VAT
- Bank fee £30 plus VAT (per transfer)
- Copy deeds £14 – £42 plus VAT
- Land Registry fee A variable amount depending on the value of the mortgage.
- Online ID check £15.51 + VAT
Again, if the property is leasehold, we will also have to obtain a sale pack from the landlord and/or managing agents who look after the building (see Guide to Sale Fees, above).
ID Checks
On all transactions, we will also need to verify your ID and, on a purchase, verify your source of funds. We utilize a third party secure app (Legl) in this respect and fees are detailed above.
Building Safety Act “BSA’
There may be a requirement for us to deal with additional paperwork regarding the Building Safety Act 2022, if the property is more than 11m or 5 storeys high. If the property is 18+ storeys high it would be categorised as high risk for which there will be further legislated requirements on top of any BSA requirements.
The amount of work varies depending on the size, ownership and material construction of the building and so it is difficult to quote for the legal fees in dealing with this aspect of the transaction.
If no work (or a small amount of work only) is required, no additional fee will be
Charged. If more time needs to be taken, at this stage we estimate additional legal fees of
£500 plus VAT for an additional 2-3 hours’ work. If significantly more time than that is required we will have to review this charge. We will advise you if this has to be reviewed.
For further details please see here.
Timescales
The average the sale of a freehold property takes approximately six to eight weeks from the time all solicitors are instructed, to the date of completion. The average sale of a leasehold property takes approximately eight to twelve weeks from the time both solicitors are instructed, to the date of completion. However, please note that this time scale is NOT fixed and only intended to give an indication of an average transaction.
The time scale may vary significantly either way, especially if problems arise from
search or survey results. Leasehold transactions are particularly difficult to assess at the start as we are also reliant on third parties (landlords, managing agents etc) to provide information and replies to enquiries.
The steps that need to be undertaken on a sale and purchase are outlined in our guides.
Robert Parsons - Residential Conveyancing“I had a really great experience working with Rob Parsons at Gordons – he is very responsive, thorough and patient, and overall a friendly voice during what felt like a big step in my life. I would 100% recommend using Gordons Partnership to anyone looking for legal support!”
Who will carry out my work?
Your matter will be dealt with by a qualified solicitor, with assistance from time to time from paralegals and trainees working in the property department. Details of the residential conveyancing team can be found on our residential department page.
