Please contact us for a tailored quote. We will need purchase of sale price, details of whether there is a mortgage, confirmation of whether you have owned a property before or live outside the UK and confirmation of whether it is freehold or leasehold. Flats and apartments are usually leasehold. info@feltonssolicitors.co.uk
At Feltons Solicitors LLP, we provide residential conveyancing services for sales, purchases and remortgages. Our legal fees depend on the type of transaction, the value of the property, whether the property is freehold or leasehold, and whether any additional work is required.
All fees shown below are exclusive of VAT, which will be charged at the prevailing rate. VAT is currently 20%
Our legal fees
OOUTSIDE LONDON
Residential sales
| Sale price | Legal fee |
| Up to £150,000 | £900 plus VAT |
| £150,001 to £300,000 | £995 plus VAT |
| £300,001 to £500,000 | £1,150 plus VAT |
| Over £500,000 | Quote on request |
| London property | Quote on request |
Residential purchases
| Purchase price | Legal fee |
| Up to £250,000 | £950 plus VAT |
| £250,001 to £500,000 | £1,250 plus VAT |
| Over £500,000 | From £1,600 plus VAT |
| New build purchase | From £1,500 plus VAT |
| London property | Quote on request |
Remortgages and related work
| Transaction | Legal fee |
| Remortgage | From £850 plus VAT |
| Transfer of equity (straightforward) | £950 plus VAT |
| Deed of postponement | £495 plus VAT |
Where a matter involves both a transfer of equity and a remortgage, the two fees will usually be added together.
Additional legal fees which may apply
Some transactions involve extra work. If so, additional charges may apply as follows:
| Additional work | Fee |
| Flat sale or purchase | £350 plus VAT |
| Retirement flat sale or purchase | £450 plus VAT |
| Shared ownership | £400 plus VAT |
| Unregistered title on sale | £450 plus VAT |
| Unregistered title on purchase | £350 plus VAT |
| Additional title | £175 plus VAT per additional title |
| Redeeming Help to Buy scheme charge | £450 plus VAT |
| Indemnity policy | £75 plus VAT per policy |
| Lasting Power of Attorney | £250 plus VAT |
| Statutory declaration | £350 plus VAT |
| Key undertaking | £150 plus VAT |
| Assignment of solar panel lease and obtaining consents | £250 plus VAT |
| SDLT administration fee | £95 plus VAT |
| Declaration of trust | £495 plus VAT |
| Service of notice of transfer/assignment/charge | £75 plus VAT |
| Help to Buy ISA or Lifetime ISA | £50 plus VAT per ISA |
| Gifted deposit | £150 plus VAT per gift |
LONDON
Many London property transactions are higher value or more complex. Because of this, we do not apply a single fixed fee in every case. Our fees will depend on the value of the property, whether it is freehold or leasehold, and the complexity of the matter.
For guidance only, our typical fee ranges for a straightforward London residential transaction are:
London sales
| Sale price | Freehold legal fees | Leasehold legal fees |
| Up to £1 million | £1,000 to £3,000 plus VAT | £2,000 to £4,000 plus VAT |
| £1 million to £3 million | £3,000 to £6,000 plus VAT | £3,000 to £7,000 plus VAT |
| Over £3 million | From £6,000 plus VAT | From £6,500 plus VAT |
London purchases
| Purchase price | Freehold legal fees | Leasehold legal fees |
| Up to £1 million | £1,500 to £4,000 plus VAT | £2,500 to £4,500 plus VAT |
| £1 million to £3 million | £3,500 to £6,500 plus VAT | £4,500 to £7,000 plus VAT |
| Over £3 million | From £7,000 plus VAT | From £7,000 plus VAT |
DISBURSEMENTS
Disbursements are costs payable to third parties as part of your transaction. These are in addition to our legal fees. We handle payment of these on your behalf to help progress the matter smoothly.
Typical disbursements may include:
| Disbursement | Sale | Purchase |
| Search fees | Not usually applicable | £250 to £600 plus VAT |
| HM Land Registry search fee | £8 per document | £8 per document |
| Bankruptcy search | £8 per name | £8 per name |
| Electronic money transfer fee | £50 plus VAT | £50 plus VAT |
| HM Land Registry registration fee | Not usually applicable | From £150, depending on property value |
For leasehold properties, there may also be additional disbursements such as management pack fees, notice fees, deed of covenant fees, certificate fees, and landlord or managing agent charges. These vary from property to property and we can confirm them once we have reviewed the papers.
Ground rent and service charge may also be payable on leasehold properties.
Stamp Duty Land Tax or Land Transaction Tax is payable on purchases where applicable. The amount depends on the purchase price and your circumstances.
What is included in our fee
Sale of a residential property
Our work on a standard sale will usually include:
- taking your instructions and giving initial advice;
- investigating title;
- preparing the draft contract papers;
- reviewing completed property information forms;
- dealing with enquiries raised by the buyer’s solicitor;
- negotiating the contract;
- arranging signature of the contract and transfer;
- obtaining a mortgage redemption statement where required;
- exchanging contracts;
- completing the sale;
- redeeming any mortgage secured on the property; and
- accounting to you for the sale proceeds.
For leasehold sales, this will usually also include:
- preparing leasehold information forms; and
- requesting the management information pack and supplying it to the buyer’s solicitor.
Purchase of a residential property
Our work on a standard purchase will usually include:
- taking your instructions and giving initial advice;
- reviewing the contract documentation;
- investigating title;
- raising enquiries with the seller’s solicitor;
- carrying out searches;
- reviewing the mortgage offer where applicable;
- reporting to you on the property;
- advising on joint ownership where required;
- arranging signature of the contract and transfer;
- exchanging contracts;
- completing the purchase;
- carrying out pre-completion searches;
- submitting the Stamp Duty Land Tax return where applicable; and
- applying to register your ownership at HM Land Registry.
For leasehold purchases, this will usually also include:
- reviewing the management information pack; and
- serving any required notices after completion.
Assumptions
The fees above are based on a standard residential transaction and assume that:
- the matter is straightforward;
- there are no unexpected title defects or unusual legal issues;
- the transaction proceeds in a timely way;
- all parties cooperate and there are no unreasonable delays;
- the property is in your individual name or names;
- the property is sold with vacant possession;
- no indemnity policies are required unless stated otherwise; and
- for leasehold matters, the transaction relates to an existing lease and a single title unless stated otherwise.
Examples of work not included in the standard fee
Additional charges may apply if the transaction is more complex, for example where there is:
- a defect in title;
- a lease extension or lease variation;
- a licence to assign;
- auction sale or purchase work;
- tenancy or occupier issues;
- conditional contracts;
- urgent or expedited work;
- significant third-party negotiations; or
- other unusual or complex issues.
How long will the transaction take?
The time taken will depend on the nature of the transaction and the parties involved. A straightforward residential sale or purchase typically takes around 2 to 4 months, although it can be quicker or slower depending on the chain, mortgage arrangements, leasehold issues and any unexpected complications.
Contact us for a quote
Every property transaction is different. If you would like a personalised quotation for your sale, purchase or remortgage, please contact Feltons Solicitors LLP at info@feltonssolicitors.co.uk