©2019 by Garner Canning Limited

Our Charges – Residential Property
Introduction

Garner Canning wants you to be as clear as possible about the charges we will make and the additional payments that will be required.  We hope that this page on our website does that.

 

Please bear in mind that the figures that follow can only be an indication of what we charge.  Whenever possible we would like to be able to give a clearer estimate so that you can budget and make an informed decision.  For that reason, you may like to speak with us or complete the Conveyancing Estimate Form using the link to the left.

 

Please note that the final charges could depend upon the nature of the property being purchased, whether it is freehold or leasehold, the complexity of the overall transaction and where the property is situated – for example, properties in some areas require different searches to be carried out.

 

Property Sale

Our typical legal fees will range between £450 and £1,500 (plus VAT at 20%) depending upon the complexity of the transaction.

 

Property Purchase

Our typical legal fees will range between £450 and £1,500 (plus VAT at 20%) depending upon the complexity of the transaction.

 

Remortgage

Our typical legal fees will range between £250 and £1,000 (plus VAT at 20%) depending upon the complexity of the transaction.

 

Transfer of Equity

Our typical legal fees will range between £195 and £750 (plus VAT at 20%) depending upon the complexity of the transaction.

 

Additional Charges

In addition to our standard fees we may need to make an additional charge where matters are more complex or additional work is required.

Please note VAT may be chargeable on some fees – we will inform you if this is the case

 

Disbursements

These are the sums of money we need to pay to others on your behalf in order for the transaction to take effect and be completed.  We are under a duty to make these payments.

 

Sale – normally the only disbursements will be the cost of the Land Registry Official Copies showing your title which are £3 per entry.  If you are selling a leasehold property, then there is usually a fee to pay to the managing agents to obtain a leasehold information pack.

 

Purchase – the range of purchase disbursements depends upon the nature and location of the property.  We will always advise you as to their precise nature and amount.  Many disbursements carry VAT although Stamp Duty Land Tax and Land Registry Fees do not. They include:

 

 

Stamp Duty Land Tax

This is calculated according to the value of the property and upon whether any reliefs apply.  Please follow this link to find out the cost of Stamp Duty Land Tax - www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

 

 

Land Registry Fee

This is the fee that we must pay to the Land Registry in order to register your title to a property that you have purchased.  The transaction is not complete until it has been registered.  They tend to range between £20 and £910 – but follow this link for more information - www.gov.uk/guidance/hm-land-registry-registration-services-fees

 

Remortgages and Transfers of Equity – these will usually attract some search and registration charges and in some circumstances, there may be a SDLT payment.

 

 

Examples Charges

 

Sale of Freehold Property for £250,000

Purchase of Freehold Property £400,000