Residential Conveyancing is the legal process of purchasing or selling a house.
Solicitors are often hired to help with the sale or purchase of a house because the buyer / seller is not sufficiently familiar with the process. Where mortgages are involved, the lender will require a solicitor to be appointed to act for and on their behalf.
Our solicitors here at Ludlow Lane Solicitors are always happy to talk to clients and provide guidance throughout the process of buying or selling a residential property. We can advise in the complex area of residential property law, offering friendly and dependable support and legal advice.
We are committed to giving you as much help and guidance as you need, helping to ensure the sale or purchase proceeds without any complications.
Whether you are in the process of selling your home or buying a new home, we are well positioned to deliver market-leading services in a practical, cost-effective way.
Fees
Freehold Purchase
£0 - £400,000: £875 plus VAT
£400,001 - £800,000: £995 plus VAT
£800,001 - £1,000,000: £1,200 plus VAT
For properties above £1,000,000, please contact us directly for a quote.
Freehold Sale:
£0 - £400,000: £800 plus VAT
£400,001 - £800,000: £950 plus VAT
£800,001 -£1,000,000: £1,100 plus VAT
For properties above £1,000,000, please contact us directly for a quote.
Leasehold Purchase:
£0 - £400,000: £975 plus VAT
£400,001 - £800,000: £1,175 plus VAT
£800,001 - £1,000,000: £1,300 plus VAT
For properties above £1,000,000, please contact us directly for a quote.
Leasehold Sale:
£0 - £400,000: £900 plus VAT
£400,001 - £800,000: £1,050 plus VAT
£800,001 - £1,000,000: £1,200 plus VAT
For properties above £1,000,000, please contact us directly for a quote.
Please note that we reserve the right to charge additional fees for the following:
- Gifted deposit: £75.00
- New build (purchase): £300.00
- Drafting and Preparing Deed of covenant: £80.00
- Drafting and Preparing Statutory declaration: £80.00
- Less than two weeks between exchange of contracts: £100.00
Disbursements:
Purchases
Land Registry registration fee (for transfer of whole with purchase price between £200,00 and £500,000) £135.00
Preliminary search fee (approx.) £250/£375
TT fee (per transfer) £16.00
Bankruptcy search £2.00 per name
Land Registry search £3.00
Money laundering search (per name) £5.00 plus £1.00 VAT
Completing and submitting stamp duty land tax £75.00 plus £15.00 VAT
Solicitor’s Bank Account checker £12.00 plus £2.40 VAT
Sales
Official Copies (per document) £3.00
TT fee (per transfer) £16.00
Client bank account checker £2.50 plus £0.50 VAT
Money laundering search (per name) £5.00 plus £1.00 VAT
Finally don’t forget there might be payments to others you will need to make such as Stamp Duty Land Tax, estate agent’s fees and on leasehold properties management agent’s charges. For further information, please contact us for an estimate.
Ludlow Lane Solicitors can help you sail through your house sale or purchase. Get in touch to find out more.
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Ludlow Lane Solicitors
We are not tied into corporate targets, enabling us to offer a tailored service suited to each individual case.
Ludlow Lane Solicitors are members of Resolution and subscribe to the Resolution Code of Good Practice, details of which can be found here.