Property
YVA Solicitors have a strong background in conveyancing and experienced legal advisors who can assist you with the purchase, sale, mortgage or re-mortgage of your property. We specialise in all kinds of property in both London and all over the rest of England and Wales.
We understand that buying or selling your home or property can be one of the most stressful processes you are likely to encounter. We aim to use our expertise and experience to manage the conveyancing process for you in the quickest and most stress-free way as possible.
Below are details of the legal costs that would be charged on a residential conveyancing transaction, together with the services provided as part of these costs. These costs are exclusive of VAT and disbursements that may be incurred as part of a transaction. The exact amount charged will depend on the exact circumstances of the transaction, as well as the Partner/fee earner dealing with your matter.
Commercial property transactions are quoted on application.
Sale and Purchase transactions
| Sale Price | Legal costs exclusive of VAT |
| >£400,000.00 | £1200.00 – £1400.00 |
| £400,001.00 – £700,000.00 | £1400.00 – £1800.00 |
| £700,000.00 – £1,000,000.00 | £1600.00 – £2000.00 |
| £1,000,001.00 + | Price quoted on application |
Mortgage and Re-mortgage transactions
| Mortgage advance | Legal costs exclusive of VAT |
| >£400,000.00 | £600.00 – £800.00 |
| £400,001.00 – £800,000.00 | £600.00 – £900.00 |
| £800,001.00 + | Price quoted on application |
The above-mentioned figures are based on the following assumptions:
- The matter proceeds in the usual way and is not expedited.
- The transaction does not involve the grant of a new lease or a lease extension.
- The matter does not become overly complicated.
- We carry out the usual searches on a purchase, mortgage or re-mortgage.
- There are no defects in title or with the title documents that require remedying.
- There is a reasonable level of communication between us.
- We also act on behalf of your mortgage lender (if relevant).
- On a sale or re-mortgage, we are dealing with the redemption of one existing mortgage.
- The matter does not relate to a newly built property.
The above examples are not an exhaustive list. If your matter becomes unexpectedly complicated, then our costs may be reviewed and you will be advised accordingly in writing.
When your case has been allocated to a Partner/fee earner, you will be provided with a full estimate of the costs and disbursements that are likely to be incurred on your transaction and the hourly charging rate of the Partner/fee earner dealing with your transaction.
Disbursements
In addition to the legal costs for our professional services, you will also incur some third party costs known as “disbursements”. Below is a list of disbursements likely to be incurred in each type of transaction:
Sales:
| Land Registry searches | From £6.00 plus VAT |
| Bank transfer fee | £30.00 plus VAT (each) |
| General disbursements | £50.00 plus VAT |
| Management pack (leasehold only) | £250.00– 500.00 (estimated) |
Purchases:
| Stamp duty | Calculated on purchase price and buyer’s circumstances |
| Land Registration fee | Calculated on purchase price £20.00–1105.00 |
| Land Registry searches | £2.00-7.00 plus VAT (each) |
| Bank transfer fee | £30.00 plus VAT (each) |
| General disbursements | £50.00 plus VAT |
| SDLT return fee | £75.00 plus VAT |
| Search pack | £200.00–450.00 (estimated) |
| E-Lodgement fee | £50.00 plus VAT |
| Freeholder’s registration fee (leasehold only) | £50.00–200.00 (estimated) |
Mortgage and Re-mortgage:
| Land Registration fee | Calculated on purchase price £20.00–1105.00 |
| Land Registry searches | £2.00-£7.00 plus VAT (each) |
| Bank transfer fee | £30.00 plus VAT (each) |
| General disbursements | £50.00 plus VAT |
| Local search/search insurance | £20.00–125.00 (estimated) |
| Freeholder’s registration fee (leasehold only) | £50.00–150.00 (estimated) |
Details of what our costs include and the services provided
Purchase transactions – We will advise you fully and correctly throughout the course of the proceedings. We shall provide a full legal report to you on the property prior to exchange of contracts, deal with the submission of your stamp duty return and registration of your ownership at Land Registry.
Sale transactions – We will advise you fully and correctly throughout the course of the proceedings. We will prepare contract papers and submit these to your Buyer’s solicitor, deal with enquiries from the Buyer’s solicitor, report to you on the contract prior to exchange, deal with exchange and completion of your matter, as well as redemption of your existing mortgage.
Mortgage and Re-mortgage transactions – We will advise you fully and correctly throughout the course of the proceedings. We shall provide the report on title to the mortgagee or (if separately represented) to their solicitors. If you have an existing mortgage which is to be redeemed, we will obtain the redemption statement and will arrange for it to be redeemed simultaneously with the grant of the new mortgage. We will also deal with the registration of your new mortgage at the Land Registry.
Stamp Duty
To get the latest news and rates concerning Stamp Duty, please follow this link for properties located in England https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro and for properties located in Wales https://www.gov.wales/land-transaction-tax-guide.
For further information on our services and procedures, please view our Terms & Conditions
