PRODDOW MACKAY (CONVEYANCING) LIMITED
GUIDE TO FEES
Freehold – Sale and Purchase Transactions
| FEE | VAT | TOTAL | |
| Up to £500,000 | £850.00 | £170.00 | £1,020.00 |
| £500,000 – £1,000,000 | £950.00 | £190.00 | £1,140.00 |
| £1,000,001 – £1,200,000 | £1,200.00 | £220.00 | £1,440.00 |
| £1,200,001 – £1,500,000 | £1,400.00 | £280.00 | £1,680.00 |
| £1,500,000 – £2,000,000 | £1,600.00 | £320.00 | £1,920.00 |
| Over £2,000,000 | £2,000.00 | £400.00 | £2,400.00 |
Leasehold – Sale and Purchase Transactions
| FEE | VAT | TOTAL | |
| Up to £500,000 | £850.00 | £170.00 | £1,020.00 |
| £500,000 – £1,000,000 | £950.00 | £190.00 | £1,140.00 |
| £1,000,001 – £1,200,000 | £1,200.00 | £220.00 | £1,440.00 |
| £1,200,001 – £1,500,000 | £1,400.00 | £280.00 | £1,680.00 |
| £1,500,000 – £2,000,000 | £1,600.00 | £320.00 | £1,920.00 |
| Over £2,000,000 | £2,000.00 | £400.00 | £2,400.00 |
New Builds
When buying a New Build property, the Developer’s solicitor will always charge an “engrossment” fee. This is to produce the final Land Registry documents. Costs for this vary between £120 – £240.
Sale of Leasehold or Managed Properties
If you are selling a leasehold property the landlord and/or Management Company will charge you a fee to produce a “Management Pack”. The cost will vary significantly between Landlords and can cost between £120 – £500.
Disbursements
A Disbursement is a payment made by a solicitor to a third party and then claimed back from the client. Official Copies of your title from Land Registry £3 – £15.
This list is not exhaustive. There are many variables when it comes to buying and selling a property. Often, we may require further documents from the land registry or further information from a Landlord, there are a number of instances were additional cost may be incurred. We will always inform you immediately if this is the case.
How long will it take?
A normal Freehold sale or purchase, with or without a mortgage generally takes 6 – 8 weeks start to finish, a Leasehold sale or purchase 8 – 10 weeks.
However, this is subject to many different circumstances and therefore can take longer or shorter. We will always keep you updated at all times of the progress of your file.