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Residential Property pricing transparency

Pricing transparency

Quality assured: Wright Hassall’s conveyancing team is CQS accredited, the Law Society’s quality standard for residential conveyancing, and is also a member of the Lender Exchange, a secure portal enabling law firms to exchange information with lenders designed to reduce risk and combat fraud. The firm is also Lexcel accredited, the Law Society’s legal practice quality mark for practice management and client care.

Most conveyancing costs will fall within the fee scale indicated below. However, there are a number of elements that will influence the cost of conveyancing such as the location of the property (for instance, the proximity of old coal workings or other topographical features); whether or not the building is listed and / or within a conservation area; its valuation; or if it is a new lease in a development. Therefore, it is our standard practice to give you an individual estimate depending on the circumstances of your sale or purchase.

Whilst our pricing will not be as cheap as bulk conveyancers or smaller high street firms, what you get is experience, quality and a breadth of expertise that is hard to rival.  If peace of mind is important to you, we ensure that we will provide this in all our dealings with you at what is a very competitive cost.

Indicative fee scale

Type of conveyance Base Value + VAT 
  <£600k >£600k > £800k > £1m >£2m
Freehold sale £1,800 £1,920 0.28% 0.50% 1%
Leasehold sale £1,920 £2,040 0.30% 0.75%  
Freehold purchase £1,920 £2,040 0.30% 0.50% 1%
Leasehold purchase £2,160 £2,280 0.35% 0.75%  
Remortgage of  freehold property £1,150 £1,200
Remortgage of leasehold property £1,300 £1,400
Transfer of freehold interest £1,150 (+ £100 if mortgage) £1,300
Transfer of leasehold interest £1,300 (+ £100 if mortgage) £1,400
Lease extension  £950
HTB repay/redeem £840
HTB repay/redeem + remortgage £1,150

 

The example prices above are provided on a fixed-fee basis, and do not take into account any costs payable to a third party, including Land Registry fees and Stamp Duty Land Tax. For a guide to the amount of stamp duty due, please see this link for an accurate calculation of Stamp Duty.

We have provided average timescales based on previous experiences. However, please note that how long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. It may be quicker or slower, depending on the parties in the chain.

For example, a first-time buyer, purchasing a new build property with a mortgage in principle, is likely to be significantly quicker than if you are buying a leasehold property that requires an extension of the lease.

In such situations additional charges may apply. Additional costs are incurred through the completion of searches on the property. Searches tell buyers practical information about a property. We have listed the most common searches below and use online providers to reduce the cost to you wherever possible.      

  • Title information - England & Wales: £4.50 + £3 per document or plan. 
  • Local authority searches to show council plans affecting the property - £90-£400
  • Highways & access - £24-£180
  • Drainage and water connection information - £60-£100
  • Flood risk – £25-£48
  • Environmental contamination history – £50-£100
  • Mining & ground stability - £54-£110
  • Landlord or developer’s pack containing some or all of the information above instead of the searches - £300-£1000
  • Searches of agricultural property, if required, are determined by each property (bespoke) and more expensive.

We will obtain quotations and inform you of the cost. We may recommend further searches depending on risks revealed or local issues e.g. HS2 route or energy equipment; we will confirm as soon as we know if we need to do any further searches.

Exclusions

  • If the legal title is not correctly registered
  • If the property is not registered at Land Registry
  • If there is an issue with the title to the property, and indemnity insurance is required or the defect in the titles requires remedying
  • If a Deed of Variation or Lease Extension is required
  • If there is more than one lender involved or there are Charging Orders that need to be dealt with
  • If one of the people involved is represented by someone else
  • If the property is a Listed Building
  • If building regulations or planning permission have not been complied with in the past
  • If there is a dispute with a neighbour or family member
  • If there is to be a gift from a family member or friend
  • If there is additional land with your home
  • If there is a delay in receiving key information from third parties such as accounts from a landlord
  • Should your property tax situation be complex.