Skip to Navigation, Content
Online Conveyancing Quote
Martin-Kaye Solicitors in Telford, Shropshire UK
Call us on 0845 644 6357 or 0845 644 6192
To obtain an estimate enter your details in the form below.
Conveyancing Costs
These are the main legal disbursements which are payable on standard purchases and re-mortgaging of residential property in England and Wales. These are in addition to your solicitors fees.
Stamp Duty
Click here to visit a 3rd party website that can calculate if your property is eligible for stamp duty exemption.
Stamp Duty is payable in respect of a purchase only where the price exceeds £125,000. This is calculated at a rate of 1% of the purchase price if the price is not more than £250,000.
If the price is more than £250,000 but not more than £500,000 it is calculated at a rate of 3%.
If the price is more than £500,000 at a rate of 4%. NB. the relevant percentage is calculated on the whole of the price not just on the amount exceeding £125,000.
If the purchase involves the grant of a new lease, additional duty is payable on the rent reserved.
A number of Stamp Duty exempt areas have been created after the last budget. In order to check whether your property is exempt please click on the link from the title of this paragraph.
Our fee calculator works on the basis that where the sale price exceeds £125,000 Stamp Duty will be payable. If you discover that you are buying in an exempt area please deduct this sum from the total.
We charge an additional £75 plus VAT for completion of the complex SDLT form where stamp duty is payable.
Land Registry Fees
Almost all transactions are subject to registration at the Land Registry.
The latest Land Registry Fee scale is as follows:
Land Registry Fee's
| VALUE - £ | LAND REGISTRY FEE PAYABLE | ||
| 0 | - | 50,000 | £40 |
| 50,001 | - | 80,000 | £60 |
| 80,001 | - | 100,000 | £100 |
| 100,001 | - | 200,000 | £150 |
| 200,001 | - | 500,000 | £220 |
| 500,001 | - | 1,000,000 | £420 |
| 1,000,001 + | £700 | ||
On the purchase of a new leasehold property an additional fee may be payable based on the rent. Where the transaction is not a simple purchase e.g. a transfer of equity a separate scale of fees applies.
Local Authority and other Searches
We allow a flat rate of £250 to cover all standard searches. Ordinarily, we would expect this to cover the cost of a local search, environmental search, drainage search and coal mining search (if applicable).
In the majority of cases the total may be slightly less than £250 but occasionally is may be higher as there are wide discrepancies in the prices charged by different local authorities for a local search. If we are required to undertake any non standard searches, additional fees may be incurred.
We have mentioned above the possible need for a Coal Board Search, a Tin Mining Search, and a Cheshire Brine Search, please click on the link to see if this might be needed in your transaction.
Leasehold Properties
In leasehold purchases there is usually a requirement to pay fee to the landlord/managing agent to register the change of ownership of the buyer and details of the any new mortgage with them. The fee payable can vary considerably as it depends on the particular Lease (or charging policy of landlord) and can be between £10 to £50 per notice.
If you are buying a leasehold property there will be additional fees incurred. We charge an extra fee for acting as there is more work involved.
There may be other minor disbursements depending on the particular transaction.
Further Domestic Property Services