Fees for Residential Conveyancing

Residential Conveyancing Pricing Information

We are not VAT registered. Accordingly, vat is not chargeable on our fees but disbursement may be subject to VAT where applicable.

Property Purchase Pricing Information

Guidance
At M&S Solicitors, our fees cover all of the work* required to complete 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.

The fees listed are our average fee ranges for a purchase transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, the experience of your solicitor at M&S Solicitors, the location, the property price, and what work we are required to do.

Legal Fee: £1,080 to £2,500

Other Additional Fees (If applicable to your transaction):

• Leasehold: £300
• Help To Buy: £500
• Help To Buy ISA: £250
• Telegraphic Transfer: £30
• SDLT Admin: £75
• Acting For Lender: £250 – £500
• Islamic Mortgage: £500
• Administering Gifted Deposit (from a third party): £100
• Administration for Applying Unilateral Notice (with the Land Registry): £100
• Limited Company Purchase: £300
• ID/AML Checks: £30 per person
• Pre-Completion Searches: £50.00

Disbursements (third-party costs)
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. M&S Solicitors handles the payment of disbursements on your behalf to ensure a smoother process.

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

• If the property is leasehold
• If a lease extension or deed of variation is required
• If there is Help to Buy involvement
• If you wish for M&S Solicitors to expedite your transaction
• If we also need to act for your lender
• If the purchase is off-plan
• If a unilateral notice is required to be registered with the Land Registry

Please contact M&S Solicitors for a quote tailored to your particular transaction.

Stamp Duty / Land Tax (SDLT)
The Stamp Duty amount depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website.

How long will my house purchase take?
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 8–12 weeks.

It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. For example, if you are a first-time buyer purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer (between 12 to 18 weeks). In such a situation, additional charges would apply.

Stages of the process
*Our fee assumes that:

• This is a standard 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 is not the grant of a new lease.
• The transaction is concluded in a timely manner and no unforeseen complications arise.
• 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.
• You are referring to M&S Solicitors directly and not through a panel or agent where referral fees may apply; these will be disclosed to you in our client care letter.

Property Sale Pricing Information

Guidance
At M&S Solicitors, our fees cover all of the work* required to complete the sale of your home.

The fees listed are our average fee ranges for a sale transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, the experience of your solicitor, the location, the property price, and what work we are required to do.

Legal Fee: £930 – £2,080

Other Additional Fees (If applicable to your transaction):

• Leasehold: £300
• Telegraphic Transfer: £30
• Islamic Mortgage (Redemption): £500
• Limited Company Sale: £300
• ID/AML Checks: £30 per person
• Office Copies: £7-£12

Disbursements (third-party costs)
Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). M&S Solicitors handles the payment of disbursements on your behalf to ensure a smoother process.

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

• If the property is leasehold
• If there is a referral fee
• If you wish for M&S Solicitors to expedite your transaction
• If we cannot meet you in person and will need to complete an electronic ID check
• If you are a non-UK resident

Please contact M&S Solicitors for a quote tailored to your particular transaction.

How long will the sale of my house take?
The length of time between instructing M&S Solicitors (once receiving an offer on your property) to moving out of your property will depend on a number of factors. The average process takes 12–14 weeks.

It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses. For example, if you are selling a property that is leasehold, we will need to apply for the management pack; this can take significantly longer depending on the timeframes of the individual management company. Another example would be if you are selling a property with structural issues such as subsidence; this can take significantly longer than 6–10 weeks, and in such a situation, additional charges would apply.

Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances; however, below we have outlined the traditional stages M&S Solicitors carries out on a standard sale:

• Take your instructions and give you initial advice
• Check finances are in place to fund any related purchase (if applicable)
• Respond to any pre-contract enquiries
• Obtain a copy of the Title and prepare a contract to send to the purchaser’s solicitors
• Collate information on fixtures and fittings and send to the purchaser’s solicitors
• Respond to any raised enquiries
• Receive transfer and arrange signature with you
• Arrange an exchange and completion date
• Obtain a redemption statement from any relevant lender to settle any outstanding amount on the mortgage
• Transfer any remaining money from the sale to the seller

*Our fee assumes that:

• This is a standard transaction and that no unforeseen matters arise.
• The transaction is concluded in a timely manner and no unforeseen complications arise.
• All parties to the transaction are co-operative.
• No indemnity policies are required.
• You are referring to M&S Solicitors directly and not through a panel or agent.

 

Property Remortgage Pricing Information

Guidance
At M&S Solicitors, our fees cover all of the work* required to complete the remortgage of your home.

The fees listed are our average fee ranges for a remortgage transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price, and what work we are required to do.

Legal Fee: £930 – £1,630

Other Additional Fees (If applicable to your transaction):

• Leasehold: £300
• Telegraphic Transfer: £30
• Islamic Mortgage (Redemption): £500
• Limited Company Remortgage: £300
• ID/AML Checks: £30 per person
• Office Copies: £7-£12

Disbursements (third-party costs)
Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). M&S Solicitors handles the payment of disbursements on your behalf to ensure a smoother process.

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

• If the property is leasehold
• If there is a referral fee
• If you wish for M&S Solicitors to expedite your transaction
• If we cannot meet you in person and will need to complete an electronic ID check
• If you are a non-UK resident

Please contact M&S Solicitors for a quote tailored to your particular transaction.

How long will my remortgage take?
The length of time between instructing M&S Solicitors to the completion of your remortgage will depend on a number of factors. The average process takes 12–14 weeks.

It can be quicker or slower, depending on the timeliness of responses and returning documents. For example, if your property is leasehold, we will need to apply for a management pack, which can extend the timeline.

Stages of the process
The precise stages involved in a remortgage vary according to the circumstances; however, below we have outlined the traditional stages M&S Solicitors carries out:

• Take your instructions and give you initial advice
• Check finances and mortgage offer conditions
• Obtain a copy of the Title and respond to any enquiries
• Arrange for the signature of the new mortgage deed
• Obtain a redemption statement from your current lender to settle any outstanding amount
• Complete the remortgage and register the new charge at the Land Registry
• Transfer any remaining balance to you (if applicable)

*Our fee assumes that:

• This is a standard transaction and that no unforeseen matters arise.
• The transaction is concluded in a timely manner.
• All parties to the transaction are co-operative.
• No indemnity policies are required.
• You are referring to M&S Solicitors directly and not through a panel or agent.