The power of a letter before action in a business dispute
If you are involved in a business dispute, then it is sensible to try to resolve the matter as quickly and cost-efficiently as possible to
Count on our property experts for comprehensive conveyancing legal advice. We ensure that the terms are tailored to protect you throughout the conveyancing process.
We can advise you on Conveyancing at our Potters Bar, Hertford, and Finchley offices.
Our conveyancing fees may vary due to many factors, including, but not limited to, the property value and whether or not there is a mortgage.
Each matter is different. When you contact us, we will provide you with a written quote specific to your transaction.
We will provide you with details of the likely fees and disbursements before you formally instruct us and our professionals are professionally obliged to inform you of any changes to any estimate given to you.
Please see our property page for details of our conveyancers and the supervising partner and their profiles in the Our People section of the website.
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Discover more about conveyancing at our Hertford, Finchley, and Potters Bar offices.
The following fee information gives an indication of our fees for the purchase of a freehold or leasehold residential property. Our fees depend on the value of the property you are buying.
We provide you with an estimate at the outset based on that information and if you are getting a mortgage.
These fees are for individuals as there will be additional charges if acting on behalf of a limited company.
When we receive the papers we may have to revise the original estimate if the transaction is more complicated than we expected when the estimate was given or if there is a gift element. We will keep you informed about the progress of your transaction as well as any variation in the fees or additional charges which may arise.
Our fees cover all of the work required to complete the purchase of your new property. This includes dealing with:
Stamp Duty is only payable when you buy a property and we will inform you of the amount when we give you the fees estimate as it will depend on the value of the property, if you are a first time buyer and if you own other property. We will collect the Stamp Duty from you before completion and it pay it on your behalf.
TYPE OF FEE | COST |
Acting for you in the purchase of your new home (freehold title) £450,000 to over £2,000,000 | £1350 -£3000 |
Acting on behalf of your mortgage company** | £175.00 |
Leasehold Fee for sale or purchase | £175.00 |
Professional Indemnity Fee | £100 |
Transfer of Funds, per item | £30.00 |
Stamp Duty Land Tax Form Completion | £100 |
Searches Administration | £25.00 |
ID /AML Check per buyer | £13.50 |
Verification of Proof of funds fee per buyer | £4.80 |
File Archive Fee | £25.00 |
VAT is charged on all of these fees |
**If your Mortgage provider is Paragon Mortgages, Metro Bank or The Mortgage Trust there will be an additional legal fee estimated to be around £100.00 + VAT due to the sheer number of conditions in their offers.
** Help to Buy Loan £450
** Help to Buy ISA £50
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.
We handle the payment of the disbursements on your behalf to ensure a smoother process.
TYPE OF FEE | COST | |
Stamp Duty Land Tax | Variable | |
Standard Search Pack | Local Authority, Water & Drainage, Homebuyers, Chancel Indemnity | Approx. £278.60 |
Land Registry Fee – these vary depending on purchase price and can be found at https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees | To be confirmed – dependant on purchase price £40 – £500 | |
Lender Panel fee ** (f applicable) | 35.00 | |
Land Registry Title Official Search of whole with priority Fee | £3.00 | |
Bankruptcy Search Fee (per name) | £2.00 | |
** plus vat £7
Certain disbursements will be set out in the individual lease relating to the Property. The disbursements that we anticipate will apply are set out separately below.
This list is not exhaustive, and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease and freeholder/ management pack from the seller’s solicitors. There may be an additional fee of £200 for dealing with any enquiries raised concerning the management pack.
These fees vary from property to property and can, on occasion, be significantly higher than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
TYPE OF FEE | COST | |
Notice of Transfer Fee | This fee, if chargeable, is set out in the lease. | £100 to £200 plus VAT |
Notice of Charge Fee (if the property is to be mortgaged) | This fee is set out in the lease. | £100 to £200 plus VAT |
Deed of Covenant Fee | This fee (when required) is payable to the management company on completion and can be difficult to estimate. | £100 and £200 plus VAT |
Certificate of Compliance Fee | To be confirmed upon receipt of the lease. | £75 to £200 plus VAT |
You should also be aware that ground rent and service charges are likely to apply throughout your ownership of a leasehold property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.
The precise stages involved in the purchase of a residential property vary according to the circumstances. Our team will:
Take your instructions and give you initial advice
The duration between the acceptance of your offer and the actual move-in date for your property depends on various factors. But the average process takes between 8 – 12 weeks
It can be quicker or slower, depending on the parties in the chain:
Learn more about Conveyancing at our Finchley, Potters Bar, Hertford offices.
The following fee information gives an indication of our fees for the sale of a freehold or leasehold residential property in in a simple uncomplicated transaction, including redeeming any mortgage secured against the property.
Additional fees may apply for a number of reasons, for example, a Defect in Title that requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
There may be an additional fee of £200 for dealing with any enquiries raised concerning the management pack.
TYPE OF FEE | COST |
Acting for you in the sale of your property depending on the sale price | £1225 -£3000 |
Acting on Behalf of Your Mortgage Company (per lender) | £100.00 |
Leasehold fee | £175.00 |
Professional Indemnity | £75.00 |
Transfer of funds per item | £30 |
ID/AML Check per person * (Note: if you are instructing us on a purchase also, this fee is only paid once per person) | £13.50 |
File Archive Fee | £25.00 |
VAT is payable on these fees |
*inclusive of VAT not needed if instructed twice
We handle the payment of the following disbursements on your behalf to ensure a smoother process:
The precise stages involved in the sale of a residential freehold or leasehold property vary according to the circumstances. We will:
The average process takes between 6-12 weeks.
To discuss your specific conveyancing requirements, please contact us on 020 8367 3230 or reception@martinshepherd.co.uk or contact one of our conveyancers direct at the Potters Bar, Finchley or Hertford office.
If you are involved in a business dispute, then it is sensible to try to resolve the matter as quickly and cost-efficiently as possible to
Do you have any questions that we haven’t answered on this page? Click the button below or fill out the form to receive a consultation with one of our professionals.
Do you have any questions that we haven’t answered on this page? Click the button to get in contact with a member of our team.
The legal information on this website cannot be regarded as a definitive statement of the law or of the effect of the law, and does not comprise, and should not be relied on as giving, legal advice.
It has been prepared in good faith, but none of the individuals responsible for or involved in its preparation accept any legal responsibility or liability for anything done in reliance on it.
Martin Shepherd Solicitors LLP is a limited liability partnership registered in England & Wales, registration number OC356132, Potters Bar – Head Office, Maple House, High Street Potters Bar London EN6 5BS where a list of the members is kept.
Martin Shepherd Solicitors LLP is authorised and regulated by the Solicitors Regulation Authority numbers: 560729 (Potters Bar – Head Office); 562353 (Finchley office); 615079 (Hertford office). VAT Registration Number 116 9785 78
