Real Estate
Connaughts has a dedicated residential property conveyancing team, which is led by Nasma Saheecha. The person with the ultimate responsibility for supervising the work undertaken in the residential property conveyancing team is Nauman Javid, Connaughts’ Principal Solicitor.
The firm has built a solid reputation in advising clients in the UK and overseas in all aspects of residential property transactions, including the sale and purchase of residential property, borrowing, lease extensions and leasehold enfranchisement.
Pricing Transparency
The majority of conveyancing costs will fall within the fee scale indicated below. However, there are numerous variables that will influence the cost of conveyancing such as the location of the property, for instance, the proximity of old coal workings or other topographical features; whether or not the building is listed and/or within a conservation area; its valuation; or if it is a new lease in a development. Therefore, it is our standard practice to give you an individual quote depending on the circumstances of your sale or purchase.
If you are purchasing your property through the Help to Buy Scheme, please contact us for a separate estimate. Funding of Help to Buy properties is complex and requires additional work.
Typical Fee Scales
Our average fees, based on the sale and purchase of a freehold or leasehold property for a price of £500,000, with exchange within 4 weeks and completion 4 weeks from exchange based on the following assumptions:
- It is a standard transaction and the transaction is concluded within the estimated timescale and no unforeseen complications arise
- If it is leasehold property, it is an assignment of an existing lease and not the grant of a new lease. The lease premium is below £40,000
- No Indemnity Insurance Policies are required. If Indemnity Policies are required, then additional disbursements may apply
- There is no unreasonable delay from third parties providing documents
- The seller or the purchaser is a private individual
Transaction Type | Average Fees (excluding VAT) | Typical Timescale |
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Freehold sale | From £1,300 to £1,950 | 6 weeks |
Freehold purchase | From £1,500 to £2,250 | 8 weeks |
Leasehold sale | From £1,450 to £2,100 | 8 weeks |
Leasehold purchase | From £1,650 to £2,750 | 8 weeks |
Mortgage/remortgage | From £1,100 to £1,250 | 2-4 weeks |
*Real estate fees are under review. The above are current website fees pending updated pricing. Please contact us for the most current rates.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees, Stamp Duty Land Tax, property related search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
The prices above do not take into account any disbursements or other charges, such as our fee for processing a telegraphic bank transfer of £35 + VAT.
Typical Disbursements
Description | Typical Amount | Applies to: |
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Property search fee | £350 + VAT | Any purchase, mortgage & remortgage |
Completion search fee | £3 | Any purchase, mortgage & remortgage |
Bankruptcy search fee | £2 + VAT per person | Any purchase, mortgage & remortgage |
Landlord’s Notice fee | £100 + VAT | Leasehold purchase |
Land Registry Title fee | £6 | Any sale |
Managing agent’s information pack | £350 + VAT | Leasehold sale |
Landlord’s licence to assign/deed of covenant (if required) | £400 + VAT | Leasehold sale, mortgage & remortgage |
If you are purchasing without the aid of a mortgage, searches are not mandatory. We do however strongly recommend that Searches are carried out at a maximum cost of £350 + VAT to protect your interest. A combined Search pack consisting of Local, Drainage, Environmental and Mining (if applicable) are contained within the pack. These Search results could reveal matters which could be detrimental to the value of the property which you are purchasing. Please be advised that it may be necessary to carry out additional searches depending on the geographical location of the land.
Example Total Cost Calculation
The following example shows typical total costs for a £500,000 property transaction based on the assumptions noted above:
Transaction Type | Our Costs* | VAT (20%) | Disbursements (inc. VAT) | Total Cost* |
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Freehold purchase* | £1,535.00* | £307.00 | £15,560.40 | £17,402.40* |
Leasehold purchase* | £1,685.00* | £337.00 | £680.40 | £2,702.40* |
Freehold sale* | £1,335.00* | £267.00 | £6.00 | £1,608.00* |
Leasehold sale* | £1,485.00* | £297.00 | £1,026.00 | £2,808.00* |
Remortgage/mortgage – Freehold* | £1,135.00* | £227.00 | £566.40 | £1,928.40* |
Remortgage/mortgage – Leasehold* | £1,285.00* | £257.00 | £1,040.40 | £2,582.40* |
Key Stages and What is Included in our Fee – Property Purchase
The precise stages involved in the purchase of a residential property vary according to the circumstances of each transaction. However, the indicative average fee ranges set out above include all the following work for both freehold and leasehold purchases unless otherwise noted:
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase and contact lender’s solicitors if needed
- Receive your completed client questionnaire and obtain proof of identification from you and evidence of the source of your purchase funds, including mortgage funding
- Request a draft contract from the seller’s solicitor
- Receive and advise on contract documents
- Carry out all necessary property related searches
- Examine the title documentation and, for leasehold purchases, consider the lease, leasehold information forms and replies to standard leasehold enquiries
- Obtain further planning documentation if required
- Make any necessary enquiries of seller’s solicitor
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Draft transfer document
- Advise you on joint ownership (if applicable)
- Obtain pre-completion searches
- Agree completion date
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Completing the Stamp Duty Land Tax form and arranging payment on your behalf
- Dealing with application for registration at Land Registry Services and paying appropriate Land Registry registration fee
- Provide you with your new title documents
- Archive your file and confirm the length of time we will hold your file, copies of your identity documents and your contact
Key Stages and What is Included in our Fee – Property Sale
The precise stages involved in the sale of a residential property vary according to the circumstances of each transaction. However, the indicative average fee ranges set out above include all the following work for both freehold and leasehold sales unless otherwise noted:
- Take your instructions and give you initial advice
- Send our letter of confirmation of instructions to you along with our client questionnaire and Law Society Property Information Forms including, where applicable, a including a leasehold information form
- Receive your completed client questionnaire and Law Society Property Information Forms and obtain proof of identification from you and evidence of the bank account(s) to which the proceeds of sale will be sent following completion
- For leasehold sales, obtain funds from you in order to pay for replies to standard freeholder enquiries
- For leasehold sales, contact landlord/management company to obtain replies to standard freeholder enquiries
- Obtain title documents and deal with any discrepancies
- If applicable, obtain a redemption statement from your mortgage lender
- Prepare a draft contract and send it to the buyer’s solicitor
- Agree the terms of the contract
- Respond to enquiries from the buyer’s solicitor, obtaining your instructions where necessary
- Obtain a signed contract from you and agree dates for exchange of contracts and completion on your behalf
- Provide you with a financial completion statement summarising the transaction
- Exchange contracts – creating a binding legal agreement to complete
- Obtain a signed transfer deed from you and make final pre-completion checks
- Complete your sale and, if applicable, redeem any mortgages and secured loans before sending the proceeds of sale to you and paying estate agent fees
- Deal with post completion matters including sending deeds to the buyer’s solicitor
- Archive your file and confirm the length of time we will hold your file, copies of your ID documents and your contact details
Key Stages and What is Included in our Fee – Remortgage
The precise stages involved in a remortgage vary according to the circumstances of each transaction. However, the indicative average fee ranges set out above include all the following work for both freehold and leasehold sales unless otherwise noted:
- Take your instructions and give you initial advice
- Send our letter of confirmation of instructions to you along with our client questionnaire
- Receive your completed client questionnaire and obtain proof of identification from you
- Obtain title deeds and examine the title to your property
- Obtain a redemption figure for your existing mortgage and any other charges
- Obtain instructions from your new lender and a copy of your mortgage offer
- Ensure that all conditions in the mortgage offer are complied with
- Obtain buildings insurance documentation from you
- Report to you on the terms and conditions of your mortgage and obtain a signed mortgage deed from you
- Obtain the mortgage advance from your new lender and repay your existing mortgage
- Register the new mortgage at HM Land Registry
- On completion of the registration notify your new lender that their charge has been registered
- Archive your file and confirm the length of time we will hold your file, copies of your identity documents and your contact details