We understand that the process of buying and selling property can be daunting. There are so many people involved – solicitors, estate agents, mortgage brokers, valuers, mortgage lenders, surveyors – that you may not know who to talk to about what. There are many important decisions to make, and a fair few hoops to jump through. Our experienced team at Butcher & Barlow will be your first port of call throughout the conveyancing process and will ensure your dream home is yours as stress free as possible.
Here at Butcher & Barlow we have decades of experience in dealing with various types of purchase transactions of both registered and unregistered property and land titles. Whether you are an individual or a company, whether you are purchasing a single property or multiple properties a member of our dedicated and experienced residential conveyancing team will be able to handle your transaction from start to finish. Whether you are a first time buyers or a property investor, we will discuss with you each step in the process to ensure you make informed decisions.
Whether your purchase involves a freehold or leasehold house, a flat, a new build or converted property, a shared ownership lease, a right to buy, a help to buy, a purchase of land or the purchase of part of a title only then we have the expertise to assist you and get you moving.
We are also experienced in applications concerning the adverse possession of land.
We are an accredited member of the Law Society’s Conveyancing Quality Scheme. The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing teams.
Please contact your local Butcher & Barlow office to discuss your requirements and get a free quote for us acting for you in connection with the purchase of your property.
Residential Conveyancing: Purchases
The Solicitors Regulatory Authority, the body which regulates law firms, require us to provide you with information on our costs in relation to certain legal services which we provide. This is so that you have the information you need to make an informed choice of legal service provider, and an understanding as to what the total cost of that service may be.
One such legal service is the sale, purchase and mortgage of residential property.
The fees which we charge for residential conveyancing depend on a wide variety of factors including but not limited to whether the transaction is a sale or purchase, where the property is, and whether it is a flat or a house.
We have provided information on the potential costs for sales, purchases and re-mortgages and listed the factors which may cause those costs to increase. However, fees will vary from property to property and can on occasion be significantly more than the ranges given. We can give you an accurate figure once we have specific information about the property including having sight of the relevant documentation.
This page details our pricing structure for property purchases.
The legal fees you will pay for a property purchase is based on the price of the property, the location of the property and any specific circumstances.
Our fees cover all the work required to complete the purchase of your new property, including dealing with registration at HM Land registry and dealing with the payment of the Stamp Duty Land Tax (or Land Transaction Tax if the property is in Wales).
Table 1 below shows the range of fees we can charge for a property of a particular price. For a specific quote, please contact your local office. The specific circumstances are shown in table 2 and disbursements in table 3
|Property Price||Fee Range excl VAT||Fee Range incl VAT|
For properties valued at over £1,000,000 please contact your local office for a bespoke quotation
We will charge additional fees (on top of the fees referred to above) for (word removed here) each of the following specific circumstances:
|Circumstance||Fee excl VAT||Fee incl VAT|
|A Leasehold Flat *||£200||£240|
|A Shared Ownership purchase (where you purchase a share in a property and the landlord owns the other share) *||£250||£300|
|Purchasing a new build property||£125||£150|
|Purchasing using a Help To Buy ISA||£50||£60|
|Purchasing using a Help To Buy Equity Loan||£250||£300|
|Purchasing using a Help to Buy Forces Scheme Loan||£75||£15|
|The Preparation of a Declaration of Trust||£100||£120|
|Purchasing a property which has been repossessed||£70||£90|
|Purchasing where a property has Solar Panels||£100||£120|
|Electronic ID check (where required) (approx.)||£6.25||£7.50|
|Electronic Money Transfer Fee||£30||£36|
There will also be disbursements payable. These are costs relating to your matter that are payable to 3rd parties. We handle the payment of these fees to the 3rd party to both ensure a smoother process and because it is often a requirement of mortgage conditions that we do so. We have provided links to a Stamp Duty Land Tax Calculator and HM Land Registry’s fee scale so that you have accurate information about the amount of these particular disbursements since they are both dependant upon the price of the property being purchased.
|Disbursement||Cost excluding VAT||Cost including VAT|
|Local Authority Search||**|
|Environmental Search (based on a Groundsure Homebuyers Report)||£49||£58.80|
|Cheshire Salt Search if required https://www.groundsure.com/cheshire-salt-search||From £33||From £39.60|
|Coal Mining Search if required https://www2.groundstability.com/mining-reports-prices-2018/||From £34.33||From £41.20|
|Index Map Search||£4.00||£4.80|
|Land Registry Search||£3.00||£3.60|
|Bankruptcy Search per person||£2.00||£2.40|
|Land Registry Registration Fee||https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees|
|Stamp Duty Land Tax for Properties in England||https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro|
|Stamp Duty Land Tax for Properties in Wales||https://beta.gov.wales/land-transaction-tax-calculator|
|Electronic ID check (where so required) (approx.)||£6.25||£7.50|
|Registration of a charge at Companies House (needed where a company is buying with a mortgage)||£15|
Referral Fees: If you are referred to Butcher & Barlow by an introducer where we pay them a referral fee, we will provide you with details of the arrangement and the fee we pay in our client care letter that we will send to you at the beginning of the transaction. This fee is paid by us so that there is no additional charge for you to pay.
Portal Fees: Some mortgage lenders send their mortgage offer to us via an on-line portal and there is a charge to access it. Such charge is usually either £10 plus VAT (£12) or £12 plus VAT (£14.40) depending on the portal provider that the lender uses. We will provide you with details of the fee payable, if any, in our client care letter that we will send to you at the beginning of the transaction.
* There will be additional disbursements payable where a property is leasehold. These will be set out in the specific lease relating to the property. These disbursements are usually payable to the Freeholder or Management Company (or both). We will advise you on the actual disbursements once we have had sight of the lease and any Management Company and/or Freeholder’s information pack.
Ground rent and service charge are also likely to be payable throughout your ownership of a leasehold property. Again, we will confirm the amounts upon sight of the lease.
** Local Authority Searches: The price of a local authority search is set by the relevant local authority. Fees can range from £75 – £200 plus VAT and we can give you a specific cost once we know which local authority the property falls within.
*** Drainage Search: The price of a drainage search is set by the relevant service provider. Fees range from £40 – £100 plus VAT and we can give you a specific cost once we know which provider services the property.
If you are not purchasing with the benefit of a mortgage, or have a mortgage lender which so allows, we can order a personal search bundle. This includes the Local Authority Search, Environmental Search and relevant mining searches. These bundles are often cheaper overall than the individual searches. We will advise you on whether this is an option once we know more about your purchase.
Our fees assume that:
- This a standard transaction and that no unforeseen matters will 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, a first registration of title, or a purchase of part.
- The transaction is concluded in a timely manner and no unreasonable complications arise.
- All parties in the transaction are cooperative and there is no unreasonable delay from third parties providing documentation.
- No indemnity policies are required. Additional disbursements may be required if an indemnity policy is required.
- That the transaction is in the name of an individual only and not a company. If you are purchasing in the name of a company, please call your nearest office for a quotation.
- That the transaction is not tied connected to or related to any commercial transaction. If this is the case, please call our Gadbrook Park office for a quotation.
How long it will take from your offer being accepted until you can move in to your new home will depend on a number of factors. The average process will take between 8 and10 weeks but it can be quicker or slower depending on the parties in the chain, and any complications which may arise in any of the transactions throughout the chain. The chart below shows the standard procedure for the purchase of a property. Our experienced Residential Property Team will talk you through the procedure and likely timescales in more detail once the specifics of the purchase and the chain are known.Download PDF