Who will manage my transaction?
Gorvins Solicitors’ conveyancing team is led by Claire Beaumont, a Partner and Solicitor of 20 years’ experience, who along with Solicitor Majida Bashir, Legal Executive Karen Davenport, trainee solicitors Danielle Hewitt and Laura Crawford and Paralegal Olivia Eades who will carry out all work required for your transaction.
How much does conveyancing cost?
As no two properties are the same, our fees will reflect the particular requirements of your sale or purchase. For example, dealing with a listed building may, because of the added complexities, cost more than dealing with a new freehold property. We will be happy to provide you with a full estimate of the cost when we have details of your intended transaction.
We have set out below an example of a quote are based on a freehold property price of £300,000 and are correct at 1st October 2024
Our fees cover all of the work* required to complete the purchase of your new home based on the assumptions below, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Conveyancer’s fees and disbursements
- Legal fee £1250
- VAT on legal fee at 20% £250
- Electronic money transfer fee £30
- VAT on electronic money transfer at 20% £6
- Subtotal £1286
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
- Search fees £250-600
- VAT on search fees (based on £250) at 20% £50
- HM Land Registry fee £150
- Land Registry Searches — £3.60 (inc VAT) at 20%
- Bankruptcy search — £2.00 per person (Inc VAT) at 20%
- Electronic Identity verification — £13.50 per person (Inc VAT) at 20%
- Subtotal £300 (based on searches at £250)
Estimated total (excluding Stamp Duty or Land Tax – see below): £1586
Stamp Duty or Land Tax (on a purchase)
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.
Other transactions and additional fees
The above example quotation is set out on the basis of a transaction at £300,000 our fees vary depending on a number of factors such as complexity and purchase price. Below is a table showing how the fees can vary in this regard.
| Purchase / Sale Value |
Legal Fee for purchase |
Legal Fee for Sale |
| £0-£150,000 |
£850 – £1050 + VAT at 20% |
£850 – £1050 + VAT at 20% |
| £150,001 – £300,000 |
From £1050 – £1250 + VAT at 20% |
From £1050 – £1250 + VAT at 20% |
| £300,001 – £450,000 |
From £1450 – £1650 + VAT at 20% |
From £1250 – £1450 + VAT at 20% |
| £450,001 – £600,000 |
From £1450 – £1650 + VAT at 20% |
From £1450 – £1650 + VAT at 20% |
| £600,001 – £750,000 |
From £1650 – £1850 + VAT at 20% |
From £1650 – £1850 + VAT at 20% |
| £750,001 – £900,000 |
From £1850 – 2050 + VAT at 20% |
From £1850 – 2050 + VAT at 20% |
| £900,001 – £1,000,000 |
From £2050 – £2250 + VAT at 20% |
From £2050 – £2250 + VAT at 20% |
| £1,000,001 – £2,000,000 |
From £2250 – £4000 + Vat at 20% |
From £2250 – £4000 + Vat at 20% |
| Over £2,000,000 |
From £4000 + VAT at 20% |
From £4000 + VAT at 20% |
| Loan Amount |
Legal Fee for Re- Financing |
| £0-£250,000 |
£1950-£2500 + VAT at 20% |
| £250,000- £450,000 |
£2500-£3000 + VAT at 20% |
| £500,000-£1,000,000 |
£3000-£3500 + VAT at 20% |
| £1,000,000-£3,000,000 |
£3500-4000 + VAT at 20% |
| £3,000,000 |
Case by Case Basis + VAT at 20% |
Different types of transactions can require additional work, and these can include leasehold properties, newbuild properties, properties with a mortgage unregistered properties as an example. The additional prices for these types of transactions are set out below.
| Mortgage Fee |
£150 + VAT at 20% |
| Leasehold Fee |
£195 + VAT at 20% |
| New Build Fee |
£250 + VAT at 20% |
| Gifted Funds and Third Party |
£75 + VAT at 20% |
| Unregistered Title |
£200 + VAT at 20% |
| TT Fee |
£30 + VAT at 20% |
We will let you know as soon as possible if your transaction raises unexpected complications and will discuss the potential consequences and costs with you before any extra charges are incurred.
How long will my house purchase take?
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.
Stages of the process
There are a number of stages to the process of buying a property and we have covered some of them below. These could vary depending on the type of property that you are purchasing and the circumstances of the transaction.
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase and contact lender’s solicitors if needed
- Receive and advise on contract documents
- Carry out searches
- Obtain further planning documentation if required
- Make any necessary enquiries of seller’s solicitor
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry
* Our fees assume that:
- this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
- where the property is leasehold this is the assignment of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complication arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
