Conveyancing Pricing Information

Residential Purchase Freehold and Leasehold

The Service

Acting for you in respect of your purchase of a residential property:

As part of this service we will:

  • Provide you with a dedicated and experienced team to work on your matter
  • Take your initial instructions and give you initial advice
  • Receive and advise on contract documents
  • Carry out searches
  • Make any necessary enquiries of seller’s solicitor
  • Report to you on all documents and information received
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Advise you of the monies needed for completion
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry
  • Send you your registration documents once the registration formalities have been concluded
  • Please note this fee is based on all documents, communications being sent to you electronically.

In relation to leasehold properties we will also:

  • Review your lease and report to you on the terms of the Lease
  • Advise you of any additional costs required pursuant to the Lease in respect of landlord/ managing agents/ management company involved, as appropriate
  • Advise on service charge and ground rent pursuant to the lease.

Make enquiries with the Landlord’s or their agents via the Seller’s solicitors in respect of the arrangements for management/ maintenance of the building in which your leasehold property is located, including communal parts

Average timescales

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 takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could vary depending on the developer or your mortgage lender issuing a mortgage offer. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer,. In such, a situation additional charges would apply.

What is the Estimated Fee

Our fee for dealing with a normal conveyancing property purchase range between £650 plus VAT to £1450 plus VAT depending on the purchase price and other factors related to the property

We can give you an accurate breakdown of the costs when we have details of the property you are purchasing or selling so please do email us for a precise breakdown at info@angel-law.co.uk

If you are buying with the assistance of a mortgage, we charge an additional fee of £150, assuming the mortgage is being provided by a high street lender. This includes:

  • Checking finances are in place to fund purchase and contact lender’s solicitors if needed
  • Go through conditions of mortgage offer with you, including a report on mortgage

Additional fees may apply in instances that fall outside of the normal conveyancing transaction. Please see Potential Additional Fee section below.

and

You should note that for all new clients of the firm, we will conduct an electronic ID search for Anti Money Laundering compliance. The administrative fee for arranging these checks is £10 plus VAT.

If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending completion money to your seller’s solicitors on completion, the cost of this and the amount we pay to the bank for the transfer is £47 plus VAT

Information on Estimated Fees

Your fee will reflect work involved in your transaction. Our fee assumes that:

  • This is a normal conveyancing transaction and that no unforeseen matters 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.
  • This is the assignment of an existing lease and not the grant of a new lease in leasehold matters.
  • The transaction is concluded in a timely manner and no unforeseen complication arises
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
  • This work will be undertaken by our Angel Law 12 Chapel Market Islington London N1 9EZ office by a lawyer supported by various other junior members of the team. If you require a designated lawyer/ fee earner to deal with your transaction additional fees may apply to suit your needs and service requirements.

There may be additional documents and, requirements of your specific purchase, based on the documentation required to transfer the title into your name, or to deal with specific parties involved in your transaction. We have set out in the Potential Additional Fees section situations that may arise which would attract additional fees. We will of course notify you of any additional costs and disbursements before they are incurred.

Please note that if for any reason we are unable to proceed or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out.

Preferential rates may apply to returning clients and those that are recommended to us by one of our business partners. Please contact us to find out more about any discounts that may be applicable.

Likely disbursements and recharges/ expenses (these are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process)

Potential Additional Disbursements

  • In Leasehold matters we may also need to pay a fee to the Landlords Solicitors or Agents in respect of the Notice of Transfer/ Charge. This cost varies from one property to the next, depending on the fees confirmed in the Lease/ agreed with the landlord. We will advise you of this cost, however this usually ranges between £10-£100 per Notice plus VAT.
  • In leasehold matters, your Lease may require a Deed of Covenant, depending on the terms of the Lease. The Landlord/ Management Company/ Agent may charge a fee for registering this document with them on completion of your purchase. We will advise you of this cost, if appropriate, as it ranges depending on the management company or landlord
  • In leasehold matters, it may be required, as a term of your lease that you require a Certificate of Compliance from the Landlord/ Managing Agent/ Company. The fee will be confirmed to you once we have reviewed the Lease and made enquiries with the Landlord/ Management Company/ Agent, however, the cost could range dependent on the managing agent

You should note that these disbursements can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate indication of costs once we have had sight of the specific documents for your purchase.

Other disbursements may apply depending on the terms of your Lease. We will update you on the specific fees upon receipt and review of the lease from the Seller’s solicitors.

Potential Additional Fees

We always provide clients with a fee estimate at the start of each new matter, therefore if you would like a bespoke estimate for your particular matter/ case please contact us to discuss.

If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations:

  • Acting for an additional lender
  • If your lender wishes for another legal representative to act for them
  • Administering Service Charge Retentions in leasehold matters
  • Administration Fees if you require your documents by post.
  • Approving a lease extension
  • Approval of a tenancy Agreement
  • Additional bank transfer costs (per transfer)
  • Administration fees for unpaid cheques
  • Administration costs for cheques stopped at client request
  • Completion required within 7 days of exchange of contracts
  • Dealing with share of freehold
  • Dealing with sitting tenants or occupiers
  • Dealing with third party lawyers, e.g. in a matrimonial dispute
  • Dealing with trust property
  • Deed of Covenant
  • Deed of Easement
  • Deed of Gift- per gift
  • Deed of Grant or variation
  • Deed of Guarantee
  • Drafting Statutory Declaration or Statement of Truth
  • File Retrieval after completion from storage
  • General Power of Attorney
  • Investigating bankruptcy Entry
  • Land Registry Restriction (each)
  • Leasehold Property supplement
  • Letter of Postponement or Deed of Postponement
  • Liaising with Trustee in Bankruptcy
  • Mutual Deed of Covenant for flying freehold
  • Obtaining Indemnity Insurance (each)
  • Purchase at an undervalue
  • Registration at Companies House
  • SDLT supplemental fee
  • Shared Equity/ Help to Buy
  • Shared Ownership
  • Simultaneous exchange and completion
  • Staircasing
  • Unregistered land
  • Voluntary First Registration for a sale property

This list is not exhaustive, and if there are additional fees that you may incur we will inform you in advance. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry Fees, or Landlord Fees (if appropriate). We will inform you accordingly.

Residential Sale Freehold and Leasehold

The Service

Acting for you in respect of your sale of a residential property:

As part of this service we will:

  • Provide you with a dedicated and experienced team to work on your matter
  • Take your initial instructions and give you initial advice
  • Obtain title documents from the Land Registry and prepare contact pack once you have completed the initial property information forms for the property you are selling
  • Draft your contract for sale and issue to the buyer’s solicitors
  • Take your instructions on any enquiries raised by your Buyer’s solicitors.
  • Send you the final contract and arrange for you to sign in readiness for exchange
  • Agree completion date (date from when you will no longer own the property and will have had to vacated the premises)
  • Exchange Contracts and notify you that this has happened.
  • Approve Transfer from the Buyer’s solicitors and send to you for signature and witnessing.
  • Request your Estate Agents Commission Account for settlement on completion.
  • Complete your transaction and send you the proceeds of sale once all fees and balances due have been paid.
  • Send executed transfer to the Buyer’s solicitors.
  • Please note this fee is based on all documents, communications being sent to you electronically.

In relation to leasehold properties we will also:

  • Obtain a copy of your Lease from the Land Registry/ you
  • Contact the Landlord/ Managing Agent for replies to Standard Leasehold Enquiries and raise any specific enquiries raised by your Buyer’s solicitors to the Landlord or their agents.
  • Advise you of any additional costs required pursuant to the Lease in respect of landlord/ managing agents/ management company involved, as appropriate
  • Advise on service charge and ground rent pursuant to the lease.

Average timescales

How long it will take from you accepting the buyer(s) offer to completing sale will depend on a number of factors. The average process takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date.

It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a buyer involved in a chain, or a first time buyer it could vary the timescale. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer.

In such a situation, additional charges would apply.

Leasehold matters often take longer due to the additional parties involved in the transaction, including landlords/ managing agents/ companies.

What is the Estimated Fee

Our fee for dealing with a normal conveyancing property sale range between £650 plus VAT to £1250 plus VAT depending on the purchase price and other factors related to the property

We can give you an accurate breakdown of the costs when we have details of the property you are purchasing or selling so please do email us for a precise breakdown at info@angel-law.co.uk

If there are charges/ mortgage over the property you are selling we charge and additional fee of £150, assuming the mortgage is with a high street lender. This includes:

  • Obtaining a redemption statement
  • Transferring the redemption amount to the Lender on completion
  • Obtaining discharge documents and sending to the Buyer’s solicitors following completion

Additional fees may apply in instances that fall outside of the normal conveyancing transaction. Please see Potential Additional Fee section below.

and

You should note that for all new clients of the firm, we will conduct an electronic ID search for Anti Money Laundering compliance. The administrative fee for arranging these checks is £10 plus VAT.

If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending the proceeds of sale to you on completion, the cost of this and the amount we pay to the bank for the transfer is £47 plus VAT.

Information on Estimated Fees

Your fee will reflect work involved in your transaction.

There may be additional documents and, requirements of your specific sale, be it based on the documentation required to transfer the title into the buyer’s name, or to deal with specific parties involved in your transaction. We have set out in the Potential Additional Fees section situations that may arise which would require us to charge you additional fees. We will of course notify you of any additional costs and disbursements before they are incurred.

Please note that if for any reason we are unable to proceed or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out.

Likely disbursements and recharges/ expenses (these are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process)

  • Land Registry Title Documents (Freehold) £3 each
  • Land Registry Title Documents (Leasehold) £3

Potential Additional Disbursements

  • In Leasehold matters we may also need to pay a fee to the Landlords Solicitors or Agents in respect of providing replies to Standard Leasehold Enquiries of the Landlord. This cost varies from one property to the next, depending on the fees confirmed in the Lease/ agreed with the landlord. We will advise you of this cost, however this usually ranges between £100 – £250 plus VAT.
  • In leasehold matters, your Lease may require a Deed of Covenant, depending on the terms of the Lease. The Landlord/ Management Company/ Agent may charge a fee for registering this document with them on completion of your purchase. We will advise you of this cost, if appropriate.
  • In leasehold matters, it may be required, as a term of your lease that you require a Certificate of Compliance from the Landlord/ Managing Agent/ Company. The fee will be confirmed to you once we have reviewed the Lease and made enquiries with the Landlord/ Management Company/ Agent. We will advise you of this cost, if appropriate.

You should note that these disbursements can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate indication of costs once we have had sight of the specific documents for your purchase.

Other disbursements may apply depending on the terms of your Lease. We will update you on the specific fees upon receipt and review of the lease from the Seller’s solicitors.

Potential Additional Fees

We always provide clients with a fee estimate at the start of each new matter, therefore if you would like a bespoke estimate for your particular matter/ case please contact us to discuss.

If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations:

  • Administering Service Charge Retentions in leasehold matters
  • Administration Fees if you require your documents by post.
  • Dealing with Lease Extension
  • Approval of a tenancy Agreement
  • Additional bank transfer costs (per transfer)
  • Administration fees for unpaid cheques
  • Administration costs for cheques stopped at client request
  • Completion required within 7 days of exchange of contracts
  • Dealing with sitting tenants or occupiers
  • Dealing with share of freehold for a leasehold property
  • Dealing with third party lawyers, e.g. in a matrimonial dispute
  • Dealing with trust property
  • Dealing with solar panel leases and unusual leases
  • Dealing with private charge holders
  • Dealing with Ground Rent or Service Charge (if you are not up to date)
  • Drafting Certificate of Consent/ compliance
  • Drafting RX3/4 form to remove a restriction on the title
  • Drafting and dealing with Deed of Covenant
  • Drafting and dealing with Deed of Easement (to grant or reserve rights)
  • Drafting additional contract packages for sale contract race.
  • Drafting Statutory Declaration or Statement of Truth
  • File Retrieval after completion from storage
  • General Power of Attorney
  • Liaising with third party solicitor (including the conveyancers/ solicitors acting on your related purchase)
  • Matrimonial disputed sale
  • Mutual Deed of Covenant for flying freehold
  • Obtaining Indemnity Insurance (each)
  • Redeeming a lender’s charge (per redemption)
  • Removal of Registered Restriction from the Land Registry Records
  • Removal of the registered caution from the Land Registry records
  • Repaying a legal charge/ mortgage over another property
  • Returning original documents
  • Sale at an undervalue
  • Share Equity/ Help to Buy
  • Shared Ownership
  • Simultaneous exchange and completion requested
  • Staircasing
  • Unregistered land
  • Updating your name and address on the Land Registry records
  • Voluntary First Registration for a sale

This list is not exhaustive, and if there are additional fees that you may incur we will inform you in advance. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry Fees, or Landlord Fees (if appropriate). We will inform you accordingly.