Conveyancing Fee

We charge a fixed fee for residential properties for the purchase price of less than £500,000.00. A large percentage of our conveyancing work is from returning satisfied clients (over 30%), and from recommendations or referrals from estate agents. We have an excellent customer feedback on our service demonstrated by returned client questionnaires and also our high 4.7/5 stars (Trustpilot). We believe we are the best in the industry and have the best staff, systems, clients and reputation to prove it.

 FEE

  • Our fee is                                                              £1,250.00

  • Acting for the lender if applicable         £150.00

  • Fee for land transaction tax return       £150.00

  • Admin charges for bank transfers         £30.00

  • Searches Pack (variable prices)            £120.00 – £550.00

  • Bankruptcy search per name                    £5.00

  • OS1 per name                                                     £5.00

  • AML check                                                          £18.00


The following additional charges will also be payable, if applicable:-

  • Gift admin fee per giftor                              £200.00

  • Indemnity arrangement fee                       £60.00


DISBURSEMENTS

 

All disbursements including stamp duty, land registry fee, searches costs, AML checks etc will be paid by the client.

Land registry fees depend on a set fee scale relating to the property value.

Stamp Duty/ Land Tax fees depend on a number of aspects e.g.:-

The Property Price

  • Is the property in Wales(Land Tax rate based on property price)?

  • Is the property in England(Stamp Duty rate based on property price)?

  • Are you a first-time buyer as there are first-time buyer incentives depending on the location of the property?

  • Is it a shared equity scheme?

  • Is the purchase of a second home as a higher rate will apply?

  • If purchasing through a company different Stamp Duty/Land tax fee is applied.

  • Land registry fees will be higher for Newbuild properties

  • If purchasing 2 properties are they:

  • From the same seller as these will be treated as linked transactions for stamp duty purposes.

  • Are they from the same developer as these will be treated as linked transactions for stamp duty purposes?


SEARCHES FEE

For a freehold property where there is no mortgage, the fee would be £0. If you are purchasing for cash you do not require any searches, however, we strongly recommend that you have them.

If you are purchasing with a mortgage the lender will require that searches on the property are applied for.

Searches vary according to which local authority the property is located in and your lender may have its own specific requirements.

Searches can include local, personal, drainage, environmental, coal and chancel – again the fees vary according to which pack is necessary for your property/mortgage lender.

What our fees do not include:-Our prices are put forward on the basis that the title to the property is already registered at HM land registry and further that there are no defects with it. Additional charges will be incurred where we have to deal with problems arising out of such transactions. In the majority of our cases, the fixed fee provided at the start of the transaction will be the final fee payable. Depending on the complexity of the case these fees can vary. Rather than confuse you with a list of these charges, the majority of which will not apply, we will inform you of any additional costs during the transaction if any are relevant. No additional fees are ever charged to our clients unless they are fully discussed and agreed upon with the client beforehand.

All property transactions are different so for a complete breakdown of the fees for your case please contact us via our online enquiry form, click here or call us on 020 3883 1401

For all properties above £500,000, we charge a fixed fee of £.035% of the value of the property.

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About Us

Sharif McKenzie is the trading name of Sharif McKenzie Limited, a company limited by shares and registered in England and Wales (CRN. 12323078) at 855 High Road Leytonstone, London, E11 1HH. Sharif McKenzie Limited is a recognized body law practice, which is authorised and regulated by the Solicitors Regulation Authority (SRA No. 8004058).

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