Morrison and Masters Limited

Conveyancing Estimates – Sale or Purchase Freehold Transaction

PRICE	FEES	VAT	TOTAL
£0 - £250,000	£900	£180	£1,080
£250,001 - £300,000	£1,100	£220	£1,320
£300,001 - £400,000	£1,300	£260	£1,560
£400,001 - £500,000	£1,500	£300	£1,800
£500,001 - £750,000	£1,700	£340	£2,400
£750,000 +	Price on application
Right to Buy	£1,000	£200	£1,200

NB – The estimates above must be taken as a general guide only as each sale and purchase is unique. We would always give a specific estimate having established your particular circumstances, which may result in a different fee.

We reserve the right to charge an additional £295 plus £59 VAT per hour for transactions that are either legally complicated or unduly protracted.

Please note: We charge a minimum of £1,300 plus £260 VAT for the sale or purchase of LEASEHOLD FLATS valued at £350,000 or less. Please contact the office should your property be worth more than this.

Additional Fees (If Applicable)

£30 plus £6 VAT for each telegraphic transfer (electronic transfer of monies) e.g. purchase price payments, redeeming mortgage and/or accounting monies to clients for proceeds of sale (each transaction).
£30 plus £6 VAT for electronic administration of registering documents with HMLR (PURCHASE TRANSACTIONS ONLY).

Land Charges & Land Registry Fees

Bankruptcy Search Fees: £2 plus 40p VAT per search
Official search with priority: £3 plus 60p VAT per search
Official copy documents from Land Registry: £3 plus 60p VAT per document

Registration Fee – Purchases for Value

See Land Registry Fee Calculator

Properties transferred not for value and unregistered properties will be subject to a different HMLR fee. We will advise accordingly.

Stamp Duty Land Tax

See HM Gov Stamp Duty Land Tax

If the property you are buying is in Wales, please let us know immediately as the Stamp Duty rates there are different.

Different rates and thresholds may also apply to purchases by Companies.

Searches

Local Land Charge Search – This search is recommended and will be required if you are obtaining a mortgage to purchase the property. The price can depend on who the local authority is.
Water & Drainage Search – It is recommended that this search is obtained.
Environmental Search – This is an optional search.
Plan Search – This is an optional search.
Other Searches – There are other searches that may be applicable depending on the location of the property, such as mining searches.

There are various types of search packages we can obtain, which can often result in a saving on cost of the searches.

If the Local Land Charge and Water & Drainage searches are requested at the same time, we offer a search package.

Commercial Conveyancing

This is charged at an hourly rate of £295 plus £59 VAT per hour.

For some transactions Commercial Rates of Stamp Duty are levied both on the premium and the passing rent.

Conveyancing

Morrison & Masters Conveyancing Costs