We will only advise you of an additional fee if we become aware of a change once the transaction starts.
Talk to Banner Jones. We are ready to help you.
We will only advise you of the additional fee if we become aware of a change once the transaction starts. For example, we assume that the house title is registered so, if we discover the title is unregistered then the additional fee will be advised and added to your final invoice.
Transaction |
Fee |
|
Leasehold House |
£50 |
| Leasehold Flat | £200 |
|
Leasehold with Freehold Involvement |
£200-£300 |
| New Build Property | £250 |
|
Unregistered Title |
£100 |
| Freehold Management Company Admin Fee | £200 |
|
Shared Ownership |
£500 |
| Voluntary First Registration | £450 |
|
Acting for a Company *This fee does not involve providing Independent Legal Advice to Directors to satisfy any lender requirements. Any such work will be supplemental and quoted separately. |
£295* |
|
Buying at Auction Our Auction Pack Review fee is 50% of the legal fee calculated under our standard purchase fee scale. If you go on to purchase the property and instruct us to act on the purchase, the Auction Pack Review fee you have already paid will be deducted from your full purchase legal fee. Tier 1. Modern Method of Auction |
£350 |
|
Tier 2. Standard 28-day auction |
£500 |
|
Tier 3. 14-day/short-timescale auctions - subject to discussion with our New Business Team before quoting |
£750 - £1000 |
Our standard fee includes the usual source of funds checks. Where funding arrangements are unusual or complex, or additional investigation is required, there may be an additional charge to reflect the extra work involved. Your conveyancer will review this once the file is open and will advise you of any additional fee before carrying out the additional work.
Every property transaction is different and issues can arise that need to be resolved to progress the sale or purchase. These are the types of issue that only become apparent during the conveyancing process. Any additional work will be explained to you before the additional costs are incurred on top of the Legal Fee quoted to you. Below is a list of the most common issues that can arise together with the likely fee involved. If a major issue has to be resolved, then we will give you an estimate of the range of likely costs. The list is not exhaustive.
Item |
Additional Cost |
|
Gifted Deposit |
£50 per gift |
| Indemnity Policy Admin Fee | £25 |
|
Declaration of Trust |
£400 |
|
Additional Mortgage/Charge (each) |
£150 |
| Variation of Lease | £200-600 |
|
Split Representation Fee |
£150 |
| Help to Buy ISA | £50 |
|
Lifetime ISA |
£50 |
| Additional Bank Transfer Fee |
£30 per transfer |
| International Bank Transfer Fee | £100 |
|
Statement of Truth |
£100 |
| Bridging Finance | £750 - £1000 |
| Service Charge Retention Fee | £75 |
| Key Undertaking for Access | £75 |
| Help to Buy Loan Repayment | £200 |
| Solar Panels | £150 |
| Private Drainage (e.g. Septic Tanks) | £150 |
| Occupiers Consent Admin Fee | £75 |
| Sale subject to a Tenancy | £150 |
VAT at the current rate will be added to all the figures above.
Further details on the above fees can be found on the following pages:
Purchase of a residential property (Freehold & Leasehold) | Banner Jones Solicitors
Sale of a residential property (Freehold & Leasehold) | Banner Jones Solicitors
Re-mortgage of a residential property | Banner Jones Solicitors
Download our free guide covering everything you need to know about the process of buying or selling a residential property.
Talk to Banner Jones. We are ready to help you.
Download our free guide covering everything you need to know about the process of buying or selling a residential property.