Our Fee Structure – Conveyancing
We are planning to launch a conveyancing department where there may be occasions when we engage the services of professional consultants to undertake residential conveyancing tasks.
As stipulated by the Solicitors Regulation Authority (SRA), we are obligated to provide clear information on our website about how we calculate our fees for various types of matters. This information is presented below. However, we wish to emphasise that as a practice, our policy is to approach each client and instruction individually. Thus, we encourage dialogue with you to create an estimate tailored to your unique requirements.
Unless explicitly agreed upon with us, the fee indications provided below should be regarded as our best estimates rather than fixed fees. In the event that unforeseen circumstances or complexities arise, or should there be significant changes in your requirements or the circumstances during the course of the matter, we will strive to inform you wherever possible before any additional cost is incurred.
Residential Property Charges
The residential team at Juris Fisher posits that the process of buying or selling your home should be devoid of undue stress. Your case will be managed by a dedicated partner who is highly responsive and possesses expert knowledge in their field. This partner will maintain responsibility for your matter throughout the transaction and will refrain from delegating the work to less experienced solicitors. They will be readily available to offer assistance and guidance at every stage of the transaction, from inception to completion. Kindly note that the following fees pertain to properties purchased or sold within the United Kingdom.
At Juris Fisher, we operate on a competitive fixed cost basis. Please bear in mind that the following fees are estimated and should not be treated as definitive quotations. For a more precise quote, we urge you to make contact with us.
Estimate of Fees for Properties Purchased Without a Mortgage
Conveyancer’s fees and disbursements
- We anticipate our legal fee for providing this service to be approximately £1,500.00, plus VAT of £300.00.
- Search fees may range between £200.00 and £400.00, depending on the Local Authority where the property is located.
- A Land Registry registration fee is required, the amount of which depends on the property purchase price. The current fees can be found at https://landregistry.data.gov.uk/fees-calculator.html
- An electronic money transfer fee of £30.00 plus VAT of £6.00 is applicable.
- Charges for Lawyer Checker and cyber security searches amount to £30.00 plus VAT of £6.00.
- Should the property be leasehold, our additional legal fee is £250.00 plus VAT of £50.00.
- If the property is newly built, our additional legal fee is £400.00 plus VAT of £80.00.
- If the property falls under shared ownership, our additional legal fee is £250.00 plus VAT of £50.00.
- Should the property be a retirement property, our additional legal fee is £250.00 plus VAT of £50.00.
- If we are asked to represent your mortgage lender, our additional legal fee is £225.00 plus VAT of £45.00.
- Some lenders may also impose a fee for utilising their panel management system. These fees typically range between £10.00 and £20.00.
Disbursements are costs associated with your case that are payable to third parties, such as Land Registry fees. We will handle these payments on your behalf to facilitate a smoother transaction.
The exact stages involved in the purchase of a residential property vary according to the circumstances. However, we have provided a generalised list of tasks that we will undertake during the transaction:
- Obtain your instructions and offer initial advice.
- Verify that finances are available for the purchase and liaise with lender’s solicitors if necessary.
- Receive and advise on contractual documents.
- Conduct searches.
- Procure additional planning documentation if required.
- Raise any necessary enquiries with the seller’s solicitor.
- Advise you on all documents and information received.
- Review the conditions of the mortgage offer with you.
- Forward the final contract to you for signature.
- Agree on a completion date (the date from which you will own the property).
- Exchange contracts and inform you once this has been done.
- Arrange for all necessary funds to be received from the lender and yourself.
- Complete the purchase.
- Address the payment of Stamp Duty/Land Tax.
- Handle the application for registration at the Land Registry.
- Potential Additional Disbursements for Leasehold Residential Properties
Please note that the following list of disbursements is not exhaustive, and other costs may apply depending on the terms of the lease. We will update you on specific fees upon receipt and review of the lease from the seller’s solicitors.
- Notice of Transfer fee – This fee, if applicable, is set out in the lease and typically ranges between £75.00 and £200.00.
- Notice of Charge fee (if the property is to be mortgaged) – This fee is specified in the lease and usually falls between £75.00 and £200.00.
- Deed of Covenant fee – This fee is determined by the management company for the property and can be difficult to estimate. However, it generally falls between £100.00 and £250.00.
- Certificate of Compliance fee – To be confirmed upon receipt of the lease; this can vary between £100.00 and £250.00.
Please be aware that these fees may vary greatly from one property to another, and in some instances, they may be significantly higher than the estimates provided. We will be able to provide you with a more accurate figure once we have reviewed your specific documents.
Additionally, please be mindful that ground rent and service charges are likely to apply throughout your tenure of the property. We will confirm the ground rent and the projected service charge as soon as we receive this information.