Sale of a registered freehold residential property costing £550,000.00 for joint owners.

  • Atkins Thomson Legal fee – £1260.00
  • HM Land Registry entries – £12.00
  • Bank Transfer fee – £18.00
  • Estimated total costs for this example (including VAT where applicable at 20%): £1290.

This is an example pricing. We’ll always give you an individual cost estimate for your specific circumstances, so you know clearly what the costs will be and exactly what work they cover.

Have a chat with our expert team of residential property lawyers on 01284 767766 and we’ll be happy to talk through the process with you, explain what we do, and answer any questions you have. There’s no obligation.

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Once we know precisely what you’d like us to do for you, we’ll send you a breakdown showing the costs for your transaction so you know you’re not paying for anything you don’t need, and there are no surprises.

Timescales

If there is such a thing as a standard timescale we usually see exchange of contracts within 8 – 10 weeks from receipt of the draft paperwork and completion a week or two later. The time between exchange of contracts and completion is largely to allow for the logistics of mortgage finance and coordinating the chain of related sales and purchase. This will be dependent on the chain which you are involved in.

Indemnity insurance

Very occasionally matters can arise in a transaction where indemnity insurance can be put in place as a solution. It’s a matter of negotiation as to which party to the transaction covers the cost of such insurance. The cost of the insurance will depend on the nature of the insurance and typically we see insurance premiums ranging from £25.00 – £150.00.

Searches

We carry out a Local Authority search, drainage & water report, environmental report and planning report as standard. Depending on the location of the property which you’re purchasing additional searches may be necessary. For example, a mining report or flood risk assessment.