Our Prices – Legal Advice for Employees and Employers – DGB Solicitors Kent

Price Information: Residential Conveyancing

What you may have to pay

Our conveyancing fees for our work on a typical property sale, purchase or remortgage starts from around £900 (including VAT) and with an average of about £1200 (including VAT).

The actual fees you pay may be higher than the average if the matter is or becomes complicated. Examples of complications are: the property is leasehold; the title is defective; part of the property is unregistered; you are buying a new build property with a help to buy equity loan; if we discover planning permission was not obtained to build an extension; the solicitors acting for the other party do not provide us with information or important documents we need; you do not provide us with information or important documents we need to carry out our work for you.

Our residential conveyancing fee is normally calculated on the basis of the time we spend on your matter multiplied by an hourly rate of £200. The person in charge of your matter will be a qualified and experienced conveyancing solicitor and our hourly rates takes this into account. As well as the time we spend on your matter, we also consider other factors when calculating our fee. For example, the value of the property; the complexity of the issues; the speed at which action must be taken; the expertise or specialist knowledge required.

You may also have to pay other conveyancing expenses. They may include the expenses in italics if the property is a flat. The figures and total cost below are an estimate only and assume the property:

  • Is in the Medway towns;
  • Is valued at £250,000;
  • If you are buying it, there are two of you and you need a mortgage; and
  • If you are remortgaging it, there are two of you.

Sale

Expense Amount (£) VAT (£)

 

Land Registry charges 6.00 0.00
Leasehold information pack 400.00 80.00

 

Therefore, the total estimated cost you may have to pay (including our average fee of £1,050 (including VAT) but not including any of the expenses in italics) is £1,056.00.

Purchase

Expense Amount (£) VAT (£)
Stamp Duty Land Tax 0.00* 0.00
Property searches 268.74 43.69
Land Registry charges 142.00 0.00
Lawyer Checker 12.00 2.40
Landlord registration fee 400.00 80.00

 

*IMPORTANT: This sum assumes you complete your purchase on or before 31 March 2021.

You may have to pay ground rent and service charge while you own the property.

Therefore, the total estimated cost you may have to pay (including our average fee of £1,050 (including VAT) but not including any of the expenses in italics) is £4,016.43.

Remortgage

Expense Amount (£) VAT (£)
Property searches 268.74 43.69
Land Registry charges 63.00 0.00
Leasehold information pack 400.00 80.00

 

Therefore, the total estimated cost you may have to pay (including our average fee of £1,050 (including VAT) but not including any of the expenses in italics) is £1,425.43.

The final figures may be different for you. Therefore, please contact us to discuss a specific cost estimate for your conveyancing needs.

What work we will do for you

While no sale, purchase or remortgage is the same most contain one or more of the following stages:

Reviewing title deeds;

  • Liaising with third parties – for example, estate agents, your seller / buyer’s solicitor;
  • Negotiating a contract;
  • Gathering information from you and third parties – for example, the council, a landlord;
  • Advising you on our work and any document we invite you to sign;
  • Paying and receiving money on your behalf – for example, paying stamp duty land tax; and
  • Applying to the Land Registry to change the title deeds.

Our residential conveyancing services do not involve surveying or visiting a property or offering you tax or financial advice.

How long will the conveyancing take?

On average the conveyancing process will take 12-16 weeks. While we will do our best to help you achieve your preferred moving date, factors that may affect the time it takes are – for example:

  • How quickly the seller answers any questions we ask them;
  • The number of parties in the chain;
  • How quickly you and any landlord provide us with information or documents we ask for; and
  • The date when your mortgage lender issues their mortgage offer.

This information is for general guidance only as no sale, purchase of remortgage is the same. Therefore, we invite you to contact us to discuss your conveyancing needs.