Residential Conveyancing

Why use Nicholsons?

It’s simple; we don’t employ unqualified staff. In a market increasingly dominated by internet and call-centre based bulk conveyancing organisations we know that dealing with the same dedicated professional from start to finish is invaluable.

Residential Conveyancing is an important and specialist area of practice. Identifying issues early and having the experience to deal with them can make the difference between getting a deal done and the matter falling through. Each transaction requires the attention of an expert; dealing with your property is never just a tick-box exercise.

This doesn’t necessarily mean that it costs more as our fee estimate includes what others regard as additional items and for which they will make additional charges.

Whether you are buying a 2-bed terrace in town or selling a manor house in the country our service and attention to detail is the same. You will be able to meet the solicitor or legal executive dealing with your matter in person at our offices or call them on a direct-dial telephone number at any point during your transaction.

Our normal costs on sales and purchases of residential property

Below are our normal costs for freehold residential sales and purchases based on a standard freehold residential sale or purchase with or without mortgage and assuming that there is no need for additional title rectification or work to address material defects. Occasionally some property matters do require additional work to be carried out and in such circumstances we will discuss this with you and the hourly rates of the person dealing with the work will be provided to you should this arise.

Residential sales

Sale Price Band

Fee Exclusive of VAT*

Normal Disbursements**

NORMAL TOTAL

 

 

 

 

Up to £100,000

£600.00

£31.20

£631.20

£150,000

£625.00

£31.20

£656.20

£200,000

£625.00

£31.20

£656.20

£250,000

£625.00

£31.20

£656.20

£300,000

£650.00

£31.20

£681.20

£325,000

£650.00

£31.20

£681.20

£375,000

£650.00

£31.20

£681.20

£425,000

£750.00

£31.20

£781.20

£500,000

£750.00

£31.20

£781.20

£525,000

£750.00

£31.20

£781.20

£600,000

£850.00

£31.20

£881.20

£700,000

£850.00

£31.20

£881.20

£750,000

£900.00

£31.20

£931.20

£900,000

£995.00

£31.20

£1,026.20

£1,000,000

£995.00

£31.20

£1,026.20

£1,000,001 or more

0.2%

£31.20

 

Residential purchases

Purchase Price Band

 

Normal Legal Fees *

VAT on Fees

Normal Disbursements

**

Land Registry Fees ***

Sub total

SDLT****

NORMAL TOTAL

 

 

 

 

 

 

 

 

Up to £100,000

£600

£120

£310

£40

£1,070

£0

£1,070

£150,000

£625

£125

£310

£95

£1,155

£500

£1,655

£200,000

£650

£130

£310

£95

£1,185

£1,500

£2,685

£250,000

£675

£135

£310

£135

£1,255

£2,500

£3,755

£300,000

£700

£140

£310

£135

£1,285

£5,000

£6,285

£325,000

£725

£145

£310

£135

£1,315

£6,250

£7,565

£375,000

£750

£150

£310

£135

£1,345

£8,750

£10,095

£425,000

£775

£155

£310

£135

£1,375

£11,250

£12,625

£500,000

£800

£160

£310

£135

£1,405

£15,000

£16,405

£525,000

£825

£165

£310

£270

£1,570

£16,250

£17,820

£600,000

£850

£170

£310

£270

£1,600

£20,000

£21,600

£700,000

£875

£175

£310

£270

£1,630

£25,000

£26,630

£750,000

£975

£195

£310

£270

£1,750

£27,500

£29,250

£900,000

£1,075

£215

£310

£270

£1,870

£35,000

£36,870

£1,000,000

£1,150

£230

£310

£270

£1,960

£43,750

£45,710

£1,000,001 or more

0.2% of price plus VAT

20%

£310

£455

 

£93,750

 

Our Normal Fees

*For a Leasehold property purchases our Fees are £150.00 plus VAT more. You may also have additional costs associated with dealing with the property’s Landlord or Managing Agents.

Searches and Disbursements

**Stated as at 01.12.18

Local Authority Search – Waveney District Council

Environmental Search,

Water & Drainage Search,

Chancel Check,

CHAPS Fee (1 x Bank transfer)

Any second or further CHAPS Payment will incur a fee of £25.20 inc VAT

Disbursements are additional costs such as search costs and banking charges which we will pay as part of carrying out the transaction for you. Some Disbursements attract an element of VAT and the figures above include this VAT.

Land Registry Fees

***As at 01.12.18 - Assuming Registered Land and electronic submission. Further information is available at https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Stamp Duty Land Tax

**** As at 01.12.18 - Assuming non-corporate purchase of primary residence at exact sum stated (not band) by a non-first time buyer and not owning or retaining any other property in the world. Further information is available at https://www.gov.uk/stamp-duty-land-tax