Our Costs

Conveyancing

Residential Sale 

Prices From:

Additional charges on a residential sale

 

£150+VAT if the property is leasehold

£100+VAT for a Statutory Declaration/Arranging bespoke insurance

£100+VAT if you have a second mortgage or a Help to Buy loan

£ 30 +VAT for each FASTER/CHAPS transfer

£ 20 +VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches)

 

Management packs are sometimes required when dealing with a leasehold property or a house on an estate. These are obtained from the managing agents or the management company who will charge a fee. Their fee can vary but you should budget on a fee of approximately £300.

Residential Purchase 

Prices From:

 

 

 

Additional charges on a residential purchase

 

£175+VAT if the property is leasehold

£150+VAT to do searches

£150+VAT to work on behalf of the Lender

£100+VAT for a Statutory Declaration/Arranging bespoke insurance

£200+VAT if you have a second mortgage or a Help to Buy loan

£100+VAT if you have a Help to Buy ISA

£25 for each CHAPS transfer (We do not charge for BACS payments)

£20+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches)

Our charges for the searches for an average residential purchase will be approximately £250-350 including VAT. We request £360.00 on account at the beginning of the transaction to cover the cost of the searches.

Disbursements

All disbursements will need to be paid in addition to the fees charged for our services. These are set by third parties and not by us so are outside of our control.

 

Examples of disbursements in relation to a purchase are search fees (Local Search, Environmental Report, Drainage Search, Mining Report and Chancel Check), Land Registry Registration Fee, Bankruptcy Search and an OS Search. These will usually be in the region of £400-£450 in total but they do vary from property to property.

 

Additionally, there may be Stamp Duty. You can find more information and a calculator at https://www.stampdutycalculator.org.uk/.

 

All pricing is estimated and excludes VAT and disbursements. Actual pricing will differ and depends on your needs. Please contact us to discuss your requirements so that we may prepare a detailed quotation.

 

How long it will take from your offer being accepted until you can move into your house will depend on several factors. The average process takes between 6-8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 1 year. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 to 6 months. In such situation additional charges would apply.

Fee Assumption:

Our fee is based on the following assumptions:-

  1. This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

  2. the transaction is concluded in a timely manner and no unforeseen complication arise

  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

  4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Key Stages:

  • Initial instructions: we gather information about your requirements to help us plan. We must also comply with all legal formalities, and you will be asked to provide identification.

  • Legal process: this involves a thorough inspection of the legal documents, liaison with the other person’s conveyancer and any mortgage lender. If buying a property, we will prepare a detailed report containing all the information you need to proceed with your purchase.

  • Exchange of contracts: the completion date is agreed, and everybody is legally required to proceed. Buyers are usually required to pay a deposit of 10% of the purchase price but this can be less by agreement.

  • Completion: this is when the property changes hands. Buyers are required to pay all remaining sum at his time.

Team Members

Imran Khan – Director and Solicitor

Mr Khan is the founder of Lamptons Solicitors. Mr Khan qualified as a Solicitor in 2012.  Mr Khan specialises in Immigration law and he provides advice and representation in all of the following areas:

  • Points Base System – Business, Entrepreneur, Investors Immigration Visas and Appeals

  • Entry Clearance – All Immigration Visas and Appeals

  • British nationality

  • All Immigration and Asylum Appeals in the First Tier Tribunal, Upper Tribunal, High Court and Court of Appeal

  • European Community free movement – EEA Application and Appeals

  • All types of Immigration judicial review Applications in the Court of Appeal, High Court and Upper Tribunal

  • Asylum Applications, Fast Track Asylum and Non-Suspensive Appeal cases

  • Immigration application under the Immigration Rules

  • Immigration applications for Leave to Remain- based on Human Rights, Article 8 Private and Family Life, and Article 3 Inhuman and Degrading Treatment for Leave to Remain.

Amir Subhani – Trainee Solicitor

Amir has a degree in Law (LLB) from University of Hertfordshire. He has also completed Legal Practice Course from University of Law. Amir began his training contract with Lamptons Solicitors in March 2021 and works across multiple areas including Immigration and Conveyancing.

Kush Makkar – Solicitor

 

Mr Makkar qualified as a Solicitor in 2018. Mr Makkar has extensive experience in dealing with complex Conveyancing matters.