Residential Property Pricing
St. John Legal provides bespoke residential property services. The price for each service depends on the facts and circumstances in each case such as whether it is a sale of freehold or leasehold property, price (this also affects the amount of stamp duty land tax and Land Registry fees payable) and complexity.
We adopt a personal approach and understand whether it is a sale or purchase it is often extremely stressful. In addition to the support and updates given throughout the transaction, we provide a cost-effective quality Partner-led service and certainty on fees from the outset. Examples of our fees and estimates for typical sales and purchases for residential property at the prices stated are set out below as well as information about the key stages and timescales. Our fees range from as little as £795 + VAT and disbursements in the simplest of transactions up to as high as £10,000 + VAT in very high value or complex transactions.
Please give us a call to speak to a member of our team about your transaction. Alternatively, email us with relevant information on the link here for a specific quote for your transaction
Freehold Residential Purchase at up to £350,000
The estimated fee in each case example is based on the type of purchase and an assumption there are no complicating factors. The estimates are subject to change depending on the circumstances of each transaction. Disbursements are estimated and the Stamp Duty Land Tax when payable is calculated in the examples given below on the basis that on completion it is the only property owned by the buyer.
| St John Legal fees | Cost | VAT | Total |
|---|---|---|---|
| St. John Legal fees | £1000.00 | £200.00 | £1200.00 |
| Bank Transfer fee | £30.00 | £6.00 | £36.00 |
| St. John Legal estimated fees inclusive of VAT | £1236.00 | ||
| Estimated disbursements (payments to third parties) | |||
| Search fees (5 searches) (estimated) | £400.00 | £100.00 | £500.00 |
| Land Registry Priority Search | £3.00 | £3.00 | |
| Bankruptcy Search (per person) | £2.00 | £2.00 | |
| Stamp Duty Land Tax (SDLT) (calculated according to price) | £10000.00 | £10000.00 | |
| Land Registration fee (varies according to purchase price, type of transaction and method of application) | £ 135.00 | £135.00 | |
| Estimated total fees inclusive of disbursements and VAT | £11,876.00 | ||
*the level of SDLT calculated in this example assumes that you are an individual and this will be your only home and only property and does not include any reliefs that may be available. You can obtain an individual calculation from HMRC website.
Freehold Residential Sale at up to £350,000
| St John Legal fees | Cost | VAT | Total |
|---|---|---|---|
| St. John Legal fees | £ 1000.00 | £200.00 | £ 1200.00 |
| Bank Transfer fee to redeem mortgage | £ 30.00 | £ 6.00 | £ 36.00 |
| Bank Transfer fee to send funds to you | £ 30.00 | £ 6.00 | £ 36.00 |
| St. John Legal estimated fees inclusive of VAT | £ 1272.00 | ||
| Estimated disbursements (payments to third parties) | |||
| Land Registry fees (£3 per document) | £6 .00 | £6 .00 | |
| Estimated total fees inclusive of disbursements and VAT | £6.00 | ||
Leasehold Residential Purchase at up to £350,000
| St John Legal fees | Cost | VAT | Total |
|---|---|---|---|
| St. John Legal fees | £1100.00 | £220.00 | £1320.00 |
| Bank Transfer fee | £30.00 | £6.00 | £36.00 |
| St. John Legal estimated fees inclusive of VAT | £ 1356.00 | ||
| Estimated disbursements (payments to third parties) | |||
| Search fees (5 searches various) (estimated) | £400.00 | £100.00 | £500.00 |
| Land Registry Priority Search (per title) | £3.00 | £3.00 | |
| Bankruptcy Search (per person) | £2.00 | £2.00 |
|
| Notice of Transfer and Charge (estimated depends on lease | £100.00 | £20.00 | £120 |
| Stamp Duty Land Tax(calculated according to price) | £10000.00 | £10000.00* | |
| Land Registration fee (varies according to purchase price, type of transaction and method of application | £135.00 | £135.00 | |
| Estimated total fees inclusive of disbursements and VAT | £11,996.00 | ||
*the level of SDLT calculated in this example assumes that you are an individual and this will be your only home and only property and does not include any reliefs that may be available. You can obtain an individual calculation from HMRC website.
Leasehold Residential Sale at up to £350,000
| St John Legal fees | Cost | VAT | Total |
|---|---|---|---|
| St. John Legal fees | £1100.00 | £220.00 | £1320.00 |
| Bank Transfer fee to redeem mortgage | £30.00 | £6.00 | £36.00 |
| Bank Transfer fee to send funds to you | £30.00 | £6.00 | £36.00 |
| St. John Legal estimated fees inclusive of VAT | £1356.00 | ||
| Estimated disbursements (payments to third parties) | |||
| Enquiries raised of Freeholder/Managing Agent (varied) estimated | £250 | £50 | £300 |
| Enquiries raised of Freeholder/Managing Agent (varied) estimated | £250 | £50 | £300 |
| Land Registry fees (£3 per document) | £15 | £15 | |
| Estimated total fees inclusive of disbursements and VAT | £1971.00 | ||
Key stages of work undertaken by St. John Legal and what is included
The estimated legal fees include:
For purchases, mortgages and re-mortgages (both freehold and leasehold):
Investigations of title, implementing search and enquiries, approving draft documentation, a written report, exchange of contracts, completion and submission of the SDLT return and acting for any panel lender. Communicating with all parties, managing the process and keeping you updated throughout.
Key Stages
- Taking initial instructions and dealing with identification requirements
- Receipt of contract and title
- Raising enquiries and obtaining searches
- Report to you
- Exchange of contract
- Completion
- Registration
Estimated timescales for purchases
- Freehold purchases 6-8 weeks
- Leasehold purchases 8-12 weeks
- Re-mortgages 2- 4 weeks
For Sales (both freehold and leasehold):
Drafting the contract, obtaining title, responding to enquiries, reporting prior to exchange, completion, redemption of any charges and accounting to you. Communicating with all parties, managing the process and keeping you updated throughout.
Key Stages
- Taking initial instructions and dealing with identification requirements
- Obtaining title and drafting the contract
- Replying to enquiries
- Reporting to you
- Exchange of contract
- Completion
Time scales
- Freehold sales 6- 8 weeks
- Leasehold sales 8-12 weeks
What is not included
The estimated legal fees do not include:
- Time spent if required on Deeds of Trust and wills
- Time and work required to correct any defect on title or any extra or additional work outside of normal conveyancing
- Any time and work necessary outside of the key stages identified or where those stages are more complicated than normal
