Conveyancing Quote

 

Alcocks Solicitors Fees

 

Our fees for acting on your behalf in your conveyancing transaction are fixed to include all of the normal legal work required to complete the sale and/or purchase. Our fees are based on the value of the property you are selling or purchasing, and other factors including whether the property is freehold or leasehold, new build property etc. We are always delighted to discuss your individual needs, please do not hesitate to contact us directly to go through your specific requirements in order to tailor a quotation for you.

 

Purchase Fees

For a standard Purchase, our fees range from £525 + VAT – £900 + VAT based on property values between £0 – £100000. For properties valued above this range, please speak to us directly to arrange a quotation.

The fees will include

  • Taking your instructions and giving you initial advice
  • Liaising with your estate agent
  • Checking finances are in place to fund your purchase and contacting lenders solicitors if needed
  • Receiving and advising on contract documents
  • Carrying out searches
  • Obtaining planning and building regulation documentation if required
  • Making any necessary enquiries of sellers solicitors
  • Giving you advice on all documents and information received
  • Advising you on conditions of your mortgage offer
  • Sending the final contract to you for signature
  • Agreeing a completion date
  • Exchanging contracts and notifying you that this has happened
  • Arranging for all monies needed to be received from the lender and you
  • Completing purchase
  • Dealing with payment of Stamp Duty Land Tax
  • Dealing with application for registration at Land Registry
  • Dealing with storage of any documents

In addition to your solicitors fees, we will also arrange payments to others, as required for your transaction. We call these disbursements.

  • Searches – these are required by your mortgage lender and may differ from property to property. An average fee for searches required on property in the Mansfield area is £116.20
  • Land Registry registration fee – this fee is based on your property value and is set by the government. The fees range from £20 – £455. You can access the calculator by clicking on the link https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fee
  • Stamp Duty Land Tax – This will depend on the purchase price of your property, and several other factors, such as if this is your only property, or if you are a first time buyer. We will advise you on your SDLT liability, or check out the link below. https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
  • Telegraph Transfer fee – £7.20.
  • ID check £7.20 per person
  • Pre completion searches £5.

 

An example of our purchase fees, for a typical freehold purchase of £120000

Our fees – £575 + VAT

Disbursements including searches, land registry fee and ID check £228.60

Total (including VAT) – £918.60

Please note, we charge an additional fee of £250.00 + VAT for purchasing a Leasehold property. There may be further disbursements required on a leasehold property. We will inform you what is needed upon review of the lease.

Sale Fees

For a standard Sale, our fees range from £450 + VAT – £775 + VAT based on property values between £0 – £100000. For properties valued above this range, please speak to us directly to arrange a quotation.

The fees will include

  • Taking your instructions and giving you initial advice
  • Liaising with the estate agent
  • Checking the title to your property
  • Prepare the contract pack
  • Answering enquiries from the purchasers solicitors
  • Redeeming any mortgages
  • Agreeing completion date
  • Exchanging contracts and notifying you that this has happened
  • Completing the Sale

In addition to your solicitors fees, we will also arrange payments to others as necessary. We call these disbursements. This might include

  • A telegraphic transfer fee to redeem your mortgage – £7.20
  • ID checks required for money laundering regulations – £7.20 per person
  • Obtaining office copies from the Land Registry – £6

An example of our sale fees, for a typical freehold sale of £120000

Our fees – £450 + VAT

Disbursements including telegraphic transfer fees, office copies and an ID check – £20.40

Total (including VAT) – £560.40

Please note, we charge an additional fee of £200 + VAT for selling a leasehold property. There may also be further disbursements required on a leasehold property.

Re-mortgage fees

For a standard re-mortgage, we have a fixed fee of £450 + VAT.

The fees will include

  • Obtaining office copies from the Land Registry and checking the title
  • Bankruptcy searches
  • Dealing with Lenders
  • Repaying any existing mortgage

In addition to your solicitors fees, we will arrange payments to others as necessary. We call these disbursements. These might include

  • A telegraphic transfer fee to redeem your mortgage – £7.20
  • ID checks required for money laundering regulations – £7.20 per person
  • Obtaining office copies from the Land Registry – £6
  • Searches – these are a requirement of your mortgage lender. Some lenders will require full searches, and although these differ property to property, in the Mansfield area the costs are likely to be £116.20. Some lenders however, accept search indemnity insurance instead of the full searches. This is a cheaper option, and we will advise you directly.

 

Transfer of Equity

For a standard Transfer of Equity, we have a fixed fee of £400 + VAT.

The fees will include

  • Obtaining office copies from the Land Registry and checking the title
  • Preparing TR1 and other necessary forms
  • Register the change with the Land Registry

In addition to your solicitors fees, we will arrange payments to others as necessary. We call these disbursements. These might include;

 

Please do not hesitate to contact us if you require a full explanation of the Solicitors costs and disbursements involved in the sale and/or purchase of your property. We can be contacted either on 01623 460444 or enquiries@alcocks-solicitors.co.uk

Please be assured that we will answer every request for a Quotation. If you do not hear from us, please check your junk folder.