Gateshead 0191 490 0108 ~ Newcastle 0191 272 3713 recept@gatesheadsolicitors.co.uk

Our Fees for Selling and Buying Freehold Properties

Fee Scale for Purchase of Freehold Properties

Value of Property

Legal fees

VAT

Searches

Final Searches

TT fee

(inc VAT)

Land Registry (registered land)

Total

£0-£59,999

 

 

£449.00

 

£89.80

 

£163.60

 

£7.00

 

£30.00

 

£20.00

 

£759.40

£60,000 –

 

 £99,999

 

£465.00

 

 

£93.00

 

£163.60

 

£7.00

 

£30.00

 

£40.00

 

£798.60

£100,000 – £149,999

 

£495.00

 

£99.00

 

£163.60

 

£7.00

 

£30.00

 

£95.00

 

£889.60

£150,000 – £179,999

 

£525.00

 

£105.00

 

£163.60

 

£7.00

 

£30.00

 

£95.00

 

£925.60

£180,000 – £199,999

 

£545.00

 

£109.00

 

£163.60

 

£7.00

 

£30.00

 

£95.00

 

£949.60

£200,000 – £249,999

 

£579.00

 

£115.80

 

£163.60

 

£7.00

 

£30.00

 

£135.00

 

£1,030.40

£250,000 – £299,999

 

£599.00

 

£119.80

 

£163.60

 

£7.00

 

£30.00

 

£135.00

 

£1,054.40

£300,000 – £399,999

 

£680.00

 

£136.00

 

£163.60

 

£7.00

 

£30.00

 

£135.00

 

£1,151.60

£400,000 – £499,999

 

£775.00

 

£155.00

 

£163.60

 

£7.00

 

£30.00

 

£135.00

 

£1,265.60

Purchases over £500,000

For transactions which exceed £500,000 we would be pleased to provide a bespoke quotation for our services

Fee Scale for Sale of Freehold Properties

£0.00 – £59,999.00 

 

£449.00

£60,000.00 – £99,999.00

 

£465.00

£100,000.00 – £149,999.00

 

£495.00

£150,000.00 – £179,999.00

 

£525.00

£180,000.00 – £199,999.00

 

£545.00

£200,000.00 – £249,999.00

 

£579.00

£250,000.00 – £299,999.00

 

£599.00

£300,000.00 – £399,999.00

 

£680.00

£400,000.00 – £499,999.00

 

£775.00

Sales over £500,000.00

 

For transactions which exceed £500,000 we would be pleased to provide a bespoke quotation for our services

Equity Release

 

£750.00

Transfer

 

£375.00

Re-Mortgage

 

£350.00

If HTB

 

£100.00 plus VAT

If ISA 

 

£50 per ISA plus VAT

If Gift involved

 

£75.00 plus VAT

On sales the only disbursements on a freehold sale would be Office copies of usually £6, Bank fees for repayment of mortgage £30 inc of VAT per mortgage and ID verification of £7.20 per person. Also if the client wishes the balance to be sent to them would be a bank fee of £30 inc of VAT.

Conveyancing Costs

“When buying a property there are two sets of charges to consider.

Legal Fees which vary depending upon the value of the property.  These are the costs you pay to your solicitor. Please note that all prices indicate costs for properties purchased or sold  on a freehold basis.

Disbursements which are the fixed cost charges made by 3rd parties.”

 

  • Anti-money laundering checks. These legal checks are required in order to verify your identity.  If you are a foreign national costs will be higher. The cost of anti-money laundering checks is usually between £6-£20.

 

  • Searches. If you’re buying a property, you will need local authority searches, such as a drainage search and an environmental search.  You will also require a planning search to find out about any development planned for nearby. Local authority search range in cost and our costs are detailed in the table below.

 

  • Property Fraud. If you require a property fraud check the cost is £10.

 

  • Telegraphic transfer or bank transfer fee. You’ll need to use a telegraphic transfer to guarantee funds reach an account on a certain day, as requested by your mortgage provider. Your solicitor will charge a fee for performing the transfer, plus the bank’s charge. Bank transfer fees are £20-£30.

 

  • Stamp Duty Land Tax. Stamp Duty Land Tax has to be paid in certain instances when buying a property. This is payable by a purchaser on the completion of their purchase but depends upon a number of factors i.e. purchase price of the property, whether they are a first time buyer and whether they will own other property at the time of completion of the purchase.  A stamp duty calculator is available by clicking here. (Please note this is an external website and will open in a new tab or window). 

 

  • Help to Buy supplement. If you’re buying with a Help to Buy scheme, you’re likely to be charged extra because of the additional legal work that this entails. Help to Buy supplement costs are typically £200-£300.
  • Title deeds. If you’re selling a property, you’ll need to get a copy of the Title of Deeds, which are most likely held by the Land Registry. Be aware that the cost for leasehold properties is higher than freehold. The cost of getting title deeds is £6.

 

  • Bank fees for repayment of mortgage. £30 incl. of VAT

 

  • ID Verification of £7.20 per person

 

  • Balance Transfer if our client wishes the balance to be sent to them there is a bank fee of £30 incl. of VAT

Stamp Duty

“What is it and do I have to pay it?”

 

Stamp Duty Land Tax has to be paid in certain instances when buying a property. This is payable by a purchaser on the completion of their purchase but depends upon a number of factors i.e. purchase price of the property, whether they are a first time buyer and whether they will own other property at the time of completion of the purchase.  A stamp duty calculator is available by clicking here. (Please note this is an external website and will open in a new tab or window).

Our Conveyancing Specialists

Sharon Naunton

Sharon has a wealth of experience in representing clients with the biggest purchase of their lives.  Working in our conveyancing department, Sharon is waiting for your call.  Contact Sharon by clicking here…

Contact Us

Let’s Work Together

Newcastle

 

 

73 Adelaide Terrace

Newcastle-upon-Tyne

NE4 8BN

Phone : 0191 272 3713

email: recept@gatesheadsolicitors.co.uk

Gateshead

 

 

16 Regent Terrace

Gateshead

NE8 1LU

Phone : 0191 490 0108

email: recept@gatesheadsolicitors.co.uk