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Our Residential Conveyancing Costs

No matter what legal assistance you require, Enoch Evans LLP always recommends that you speak with a member of our specialist team in order that a quote can be personally tailored to your specific circumstances. Please call us on 01922 720333 (Walsall), 0121 355 2336 (Sutton Coldfield) or email property@enoch-evans.co.uk.

We are proud to say that we do not enter into any Referral Fee arrangements with Estate Agents, Mortgage Brokers or other third parties. This allows us to remain completely independent and to only have our client’s best interests at the forefront of the service that we provide.

Our fees cover all of the work required to complete the Sale of your existing property or the Purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

For an Online Quote please click here.

Our standard fees are calculated on the high level of service that we are proud to provide to our clients. Our view is that, by charging a fair fee, we can help you with your property transaction by providing additional value such as progress updates as often as possible, supported by our quality service, experience and legal advice.

Below is an indication of the typical costs involved in buying or selling a residential property. No two transactions are the same so please contact us for a more detailed quote

 

PRICE COSTS VAT @ 20% TOTAL LEGAL FEES
£0.00  to £250,000.00 £950.00 £190.00 £1,140.00
£250,000.01 to £350,000.00 £1055.00 £211.00 £1,266.00
£350,000.01 to £500,000.00 £1,155.00 £231.00 £1,386.00
£500,000.01 to £750,000.00 £1,495.00 £299.00 £1,794.00
£750,000.01 to £900,000.00 £1,695.00 £339.00 £2,034.00
£900,000,01 to £1,000,000.00 £1,850.00 £370.00 £2,220.00
Over £1,000,000.01 Price on Application but est. 0.15%
For an Online Quote please click here.
  • Other Factors that can affect the Fees payable for your transaction include (amongst others):
  • Leasehold or New-Build Properties – to be quoted as an additional fee from £495.00 plus VAT*
  • If you are Buying a property using the Help to Buy or other Government Equity Loan scheme
  • If you are Buying a property using a Help to Buy ISA – the Government allows us to charge an additional fee for dealing with this of £50.00 plus VAT* (£60.00)
  • If you are Buying or Selling an Unregistered property
  • If you are Selling a property but cannot locate the Deeds or other relevant documents (such as Boiler or FENSA certificates or Guarantees for works carried out)
  • If an unforeseen complexity arises, or where the way in which you ask us to proceed means additional work

We currently also charge £40.00 plus VAT* per person or entity for each money laundering check we have to complete, this includes the cost of carrying out an electronic anti money laundering check and electronic client identification search.

As well as legal fees, you will also have to pay ‘Disbursements’ as part of your Sale or Purchase process.

‘Disbursements’ are additional sums related to your matter that are payable to third parties, such as Land Registry fees and search fees. We also handle the payment of these on your behalf to ensure a smoother process. The disbursements which we anticipate will apply in an average Freehold transaction are as follows: –

SALE

  • Money Transfer Fee (inc VAT*) £42.00
  • Land Registry Document Fee (inc VAT*) £30.00

 

PURCHASE

 

We currently also charge £40.00 plus VAT* per person or entity for each money laundering check we have to complete, this includes the cost of carrying out an electronic anti money laundering check and electronic client identification search.

This list is not exhaustive and other disbursements may apply depending on the property concerned. We will of course update you on any additional disbursements payable as these become apparent during the course of your transaction.

The Stamp Duty payable depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.

The Land Registry fee payable will also depend on the purchase price of your property. You can calculate the amount payable by using the Land Registry’s fee calculator Go to Land Registry website.

To obtain a quote for your house sale, purchase or remortgage please click here

How long will my transaction take?

How long it will take from the offer being accepted until completion will depend on a number of factors. The average process takes around 6-8 weeks from the draft Contract papers being issued but it can be quicker or slower, depending on the other parties in the chain.

Factors that can affect the speed of a transaction include (amongst others): –

  • The time it takes for us to receive the results of our applicable searches
  • If you or someone in the chain is purchasing a New-Build property
  • If you or someone in the chain is purchasing a Leasehold property
  • If a property in the chain is discovered to have Title or other defects that need to be resolved
  • If you or someone in the chain experiences delays in obtaining a mortgage offer
  • If you or someone in the chain is difficult to contact due to holiday, work or other factors

Stages of an average Sale or Purchase transaction

Action by Sellers solicitor in Black, action by Buyer’s solicitor in Red

1. When both parties have formally instructed their solicitors, prepares and submits draft Contract and supporting papers to Buyer’s Solicitors.

2.Receives draft Contract
3. Submits Searches
4. Investigates Title
5. Raises Preliminary Enquiries.

6. Receives Preliminary Enquiries
7. Takes Client’s instructions
8. Sends replies to Preliminary Enquiries to Buyer’s Solicitors

9. Receives and considers replies to Preliminary Enquiries.
10. Receives and considers Search results
11. Raises Additional Enquiries if necessary

12. Receives Additional Enquiries
13. Takes Client’s instructions.
14. Sends replies to Additional Enquiries to Buyer’s Solicitors

15. Receives and considers replies to Additional Enquiries
16. Approves Contract and drafts Transfer Deed for Seller to sign
17. Full Report on property provided to Buyer (in writing and/or in meeting)
18. Arrange for Buyer to sign Contract, Mortgage Deed and other purchase documents

18. Arrange for Seller to sign Contract, Transfer and other sale documents
19. Agree Completion Date with all parties.

“EXCHANGE OF CONTRACTS”

20. Send exchanged Contract to Buyer’s Solicitors
19. Agree Completion Date with all parties.

“EXCHANGE OF CONTRACTS”

20. Send exchanged Contract with deposit to Seller’s Solicitors.
21. Submit Certificate on Title and Request for Funds to Mortgage Lender.
22. Submit and review pre-completion searches.

23. Request redemption statement from existing Mortgage Lender.
24. Request Estate Agent’s invoice.
25. Prepare bill and draft Completion statement.

25. Prepare bill and draft Completion Statement.
26. Request balance due from Buyer to complete.
27. Receive mortgage advance from Lender.
28. Receive balance from Buyer

“COMPLETION

29. Send balance purchase monies to Seller’s Solicitor.

“COMPLETION”

30. Receive balance purchase monies from Buyer’s Solicitors and authorise release of keys.
31. Redeem existing mortgage.  31. Pay Stamp Duty.
32. Send signed Transfer and deeds to Buyer’s Solicitors.
33. Pay Estate Agents.
34. Send net sale proceeds to Seller.

35. Receive signed Transfer and deeds from Seller’s Solicitors.
36. Submit application for registration to HM Land Registry

37. Receive mortgage discharge from existing Mortgage Lender.
38. Send mortgage discharge to Buyer’s Solicitors.

39. Receive mortgage discharge form from Seller’s Solicitors.
40. Registration completed. Receive updated Title from HM Land Registry.
41. Send updated Title to Buyer with pre-registration deeds (unless required by Lender).
42. Send deeds to Mortgage Lender (if required) or place into storage for Buyer free of charge.

Conveyancing Team

Our team has over 100 years’ of collective experience in delivering high quality service in property transactions. The team has particular expertise in Sales, Purchases, New-Build properties, Remortgages, Transfers of Equity, Shared Ownership transactions, Equity Releases and Unregistered Land.

We have 3 members of the team who may work on your matter, supported by a Legal Assistant, Secretarial staff and an Administration assistant. Regardless of who works on your matter, they will be supervised by Rachel Turner, Associate Solicitor and Head of the Conveyancing Team.

Rachel studied Law at the University of the West of England and obtained her Law Degree (with Honours) in 2002.  Rachel then remained at the same University and passed her Postgraduate Diploma in Legal Practice with Merit in 2003.  She then began her legal career as a Paralegal at a law firm in Aberystwyth, before qualifying as a Solicitor at a London firm in December 2007.

Laura Phillips is a Solicitor within the Conveyancing Department based at our Walsall Office. Laura studied a Law Degree at Keele University and graduated in 2013. Laura then went on to study her Legal Practice Course at BPP University College in Birmingham on a part-time basis whilst working full time in a small high street conveyancing firm. She then continued her legal career within a Conveyancing Department before qualifying as a Solicitor in November 2018. She then joined a large Shropshire based firm specialising in residential property transactions where she worked for almost 2 years before joining Enoch Evans in 2020.

*VAT, currently at 20%