Residential Property Fees
Pricing Information for Residential Conveyancing
Costs start at £800 + VAT and increase according to the property value. This is based on our fixed price packages. Please see more detail of pricing and disbursements below. VAT is calculated at the rate applicable at the time the work is carried out, this is currently 20%. Pricing information is correct as of February 2024 and will be reviewed and updated every six months.
Property Value |
|
Fee plus VAT |
|
|
Up to 150,000 |
£900 |
|||
£150,001 to £250,000 |
£1,000 |
|||
£250,001 to £350,000 |
£1,100 |
|||
£350,001 to £450,000 |
£1,250 |
|||
£450,001 to £550,000 |
£1,350 |
|||
£550,001 to £700,000 |
£1,500 |
|||
£700,001 to £1m |
£1,950 |
|||
Over £1 million |
0.2% of property value (subject to minimum fee of £2,250) | |||
There are a range of factors that may or may not be relevant to your transaction which will increase the cost such as, but not limited to:
- New Build properties: additional £375 + VAT
- Help to Buy (ISA) properties: additional £50 + VAT
- Help to Buy (Equity) properties: additional £500 + VAT
- Tenanted properties: additional £200 + VAT
- Shared ownership: additional £500 + VAT
- Unregistered property: additional £200 + VAT
- Leasehold property: additional £300 plus VAT (Plus £100 if a retention is agreed)
- Bank transfer: additional £30 + VAT
Other costs
- Remortgage: £550 + VAT (freehold) and £750 + VAT (leasehold)
- Transfer of Equity: from £550 + VAT depending on circumstances
- Trust Deed: from £280 plus VAT
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 and charge you the actual cost incurred plus any VAT due. Some common disbursements are listed below:
- Searches:
If you’re buying a property, it will generally be necessary to conduct searches which are usually around £375. - ID checks:
We carry out electronic identification checks on all clients which cost £6 per client. - Management Pack/Landlord’s Information Pack:
We will need to obtain this if you are selling a leasehold property and the cost is usually between £200 and £300 plus VAT. - Notice of Transfer/Charge and Deed of Covenant fees:
If you are buying a leasehold property, you will usually need to pay additional fees to the Landlord which vary with each transaction. - Stamp Duty Land Tax:
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website. - Land Registry fees:
Land registry fees will be applicable to most transactions and the cost varies with each transaction. More information can be found here.
What is involved in the conveyancing procedure?
The length of time it takes for a conveyancing transaction to complete varies, but a usual timescale is around 8-12 weeks.
There are various steps involved in conveyancing, including:
- Reviewing contracts of sale, lease agreements etc. and negotiating any required amendments.
- Investigating the title to the property to ensure the seller/leaseholder legally own the property.
- Carrying out checks and searches for any issues that might affect the property and your occupation of it e.g. planned developments nearby.
- Handling exchange of contracts, making the deal legally binding.
- Handling transfer of funds.
- Ensuring Stamp Duty and any other relevant costs are paid.
- Registering the transaction with HM Land Registry.
Our Team
Katie Mantin
Solicitor/Notary Public
Katie is the founder of Mantins and manages all areas of the business. She is a highly experienced solicitor and acts for a broad range of clients including corporate investors and lenders, as well as private individuals and trusts.
In addition to her work as a solicitor, Katie is a Notary Public, appointed by the Archbishop of Canterbury, which position enables her to authenticate documents for use in other countries worldwide.
Katherine Hopkins
Solicitor
Katherine joined the firm in 2010, qualifying as a solicitor in 2013. She has a wealth of experience in all residential and commercial property matters and is also a full member of the Society of Trust and Estate Practitioners (STEP).
Jessica Smith
Legal Advisor
Jessica is a Legal Advisor specialising in residential conveyancing. She joined Mantins in 2013 and is a member of the Chartered Institute of Legal Executives. Jessica has extensive experience in all aspects of residential conveyancing including freehold and leasehold transactions, re-mortgages and transfers of equity.
Tracey Cooper
Legal Assistant
Tracey joined the firm in 2011, having previously worked at another local law firm. Her knowledge and experience in a wide range of residential conveyancing matters is invaluable to the Property Team at Mantins.
Tracy Gardner
Legal Assistant
Tracy came to Mantins in 2021 with a background in management and bookkeeping. She now works in our Private Client department and provides essential support to fee earners for all matters relating to Wills, Lasting Powers of Attorney and the Administration of Estates.
Caroline Everett
Legal Assistant
Caroline provides excellent administrative support to all departments. She also has a wealth of experience in client care and customer services, gained over many years of work within financial services, charities and the legal profession.
Katie Flodin
Front of House
Prior to joining Mantins, Katie has experienced a full and varied career working in many different embassies in numerous countries over a 25-year period. She now provides a genuinely warm welcome to each and every client, whilst keeping the office efficient and organised.