Druces Private Wealth

Further information on costs for residential conveyancing

Druces Private Wealth

Further information on costs for residential conveyancing

Costs for the sale, purchase or re-mortgage of a residential property 

Value: less than £500,000

Sale of freehold: £2,500 – £3,250 plus VAT
Sale of leasehold: £2,750 – £3,500 plus VAT
Purchase or re-mortgage of freehold: £3,250 – £3,750 plus VAT
Purchase or re-mortgage of leasehold: £3,750 – £4,250 plus VAT
Purchase of new build freehold: £3,500 – £4,250 plus VAT
Purchase of new build of leasehold: £4,250 – £4,750 plus VAT

Value: between £500,000 and £1m

Sale of freehold: £2,750 – £3,250 plus VAT
Sale of leasehold: £3,000 – £4,000 plus VAT
Purchase or re-mortgage of freehold: £3,950 – £4,750 plus VAT
Purchase or re-mortgage of leasehold: £4,500 – £5,250 plus VAT
Purchase of new build freehold: £5,500 – £6,250 plus VAT
Purchase of new build of leasehold: £7,000 – £7,750 plus VAT

Value: between £1m and £3m

Sale of freehold: £3,500 – £4,000 plus VAT
Sale of leasehold: £3,950 – £4,500 plus VAT
Purchase or re-mortgage of freehold: £6,000 – £6,750 plus VAT
Purchase or re-mortgage of leasehold: £7,500 – £8,250 plus VAT
Purchase of new build freehold: £8,000 – £10,500 plus VAT
Purchase of new build of leasehold: £9,500 – £11,500 plus VAT

Value: over £3m

By arrangement.

Likely disbursements (freehold and leasehold purchase)

1. Search fees – in the band £400- £750 plus VAT.
2. HM Land Registry Fee – (again depending on the value of the property) in the band £40 – £455.
3. Electronic Money Transfer Fees – £11.00 plus VAT – (this is the fee per transfer and of course if there is more than one transfer the fee will increase accordingly).

Likely disbursements (leasehold purchase only)

1. Notice of Transfer fee – this fee, if chargeable, is set out in the lease. Often the fee is between £50- £100.
2. Notice of Charge fee (if the property is to be mortgaged) – this fee is usually set out in the lease. Often the fee is between £50- £100.
3. Deed of Covenant fee – this figure is often provided by the management company for the property and can be difficult to estimate. Often it is between £200- £400.
4. Certificate of Compliance fee – to be confirmed upon receipt of the lease. Often it is between £150- £200.
These figures will usually attract VAT at the standard rate.

Stamp Duty Land Tax, or, in Wales, Land Transaction Tax

The amount payable will depend on the purchase price and your personal circumstances, e.g. whether you have an interest in other property or are non-resident. We will calculate, and notify you of, the amount due at the appropriate time based on information which you provide to us. We will file the appropriate returns on your behalf and, provided that you put us in funds, we will pay the tax online by the due date. Which is usually 14 days after completion. 

Fee earners and charging rates

The fee earners who work on our residential conveyancing matters include:

Karen Chapman, a Partner at Druces LLP. Karen is a solicitor qualified in England & Wales, with 30 years post qualification experience in residential and commercial property conveyancing. Karen’s charging rate is £450 per hour;

Suzanne Middleton Lindsley, a Partner at Druces LLP. Suzanne is a solicitor qualified in England & Wales, with over 30 years post qualification experience in residential and commercial property conveyancing. Suzanne’s charging rate is £450 per hour;

Adrian Footer, a Partner at Druces LLP. Adrian is a solicitor qualified in England & Wales, with over 15 years post qualification experience in residential and commercial property conveyancing. Adrian’s charging rate is £450 per hour;

Paul White, a Partner at Druces LLP. Paul is a solicitor qualified in England & Wales with over 25 years post qualification experience in Tax law, especially Stamp Duty Land Tax. Paul’s charging rate is £450 per hour;

Parveen Abbas Parveen is a partner in Druces’ Residential Property team. She has expert knowledge in all aspects of residential conveyancing including leasehold and freehold sales and purchases, re-mortgage transactions and transfers of equities.  Parveen’s charging rate is £340 per hour;

Michelle Goodrum, a Senior Associate at Druces LLP.  Michelle is a solicitor qualified in England & Wales, with over 5 years post qualification experience in residential and commercial property conveyancing, with a particular specialism in Leasehold Enfranchisement. Michelle’s charging rate is £310 per hour;

Katie Mear, a Senior Associate at Druces LLP.  Katie is a solicitor qualified in England & Wales, with over 10 years post qualification experience in residential and commercial property conveyancing, with a particular specialism in Leasehold Enfranchisement. Katie’s charging rate is £310 per hour;

Ronak Bastani , a Senior associate in Druces’ Real Estate team.  She qualified as a solicitor in 2014 and joined Druces in 2023. A residential property specialist, Ronak has a wealth of real estate experience.  Her clients include first time buyers and experienced property investors, developers and high net worth clients purchasing multi-million-pound homes in the prime central London market. Ronak’s charging rate is £310 per hour;

Jacqueline D’Arcy, a Solicitor at Druces LLP. Jacqueline qualified, first as a legal executive (2012), and then as a solicitor (2017), and has more than 10 years’ experience in residential property and conveyancing. This includes acting for all types of clients buying and selling freehold and leasehold residential property and refinancing.  Her charging rate is £270 per hour;

Karen Jenkins, an Associate at Druces LLP. Karen is a Legal Executive qualified in England & Wales, with over 15 years of residential conveyancing experience. Karen’s charging rate is £275 per hour;

If you have any questions regarding this cost information, please click on the contact us button below or speak to: 

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