Lead Forensics
Prettys Solicitors Ipswich

Residential Property

Residential Conveyancing Fee Guidance

CLEAR PRICING INFORMATION FOR RESIDENTIAL CONVEYANCING

FREEHOLD, LEASEHOLD, MORTGAGE AND REMORTGAGE TRANSACTIONS

Reference to VAT is at its current rate of 20%.

At Prettys Solicitors we have an experienced team to advise and guide you through buying and selling your home.  We have moved many people and so know how important it is that you are kept informed at every stage.

Our Fees

For helping you buy or sell your home our fees range from £795 plus VAT for a straightforward simple transaction, up to around £4,000 plus VAT for a historic building on unregistered land.  Our fees will vary depending on the complexity of your transaction and that is why we will give you an individual cost estimate at the start of a transaction and will advise you immediately if any complications may affect the price. 

As an example for a sale between £250,000 and £350,000 we would anticipate our fees would be between £795 and £950 plus VAT, and for your purchase between £250,000 and £350,000 our fees would be between £825 and £950 plus VAT.

Our prices may look high in comparison to some other providers but we would ask that you consider the implication of you or us missing something, the work involved and the deadlines that are often set, the availability of our professional insurance cover and the various other factors in what is a complex process before you compare us on price alone. 

Disbursements

These are costs related to your transaction which are payable to third parties.  We look after the payment of the disbursements on your behalf.  Example of these are search fees, Land Registry fees, notice and leasehold information pack charges and bank fees.  They average between £500 to £1,000 in total and VAT may be payable.  We will give you a full breakdown of these in your bespoke quotation. 

Our fees do not include any external costs eg. Estate agents, removal costs and environmental remediation costs – you will be responsible for these items. 

Stamp Duty or Land Duty Tax on your purchase is dependent on the purchase price of your property.  You can calculate how much you will need to pay by using HMRC’s website (https://www.gov.uk/stamp-duty-land-tax) or if you are buying in Wales the information is on the Welsh Revenue Authority’s website (https://beta.gov.wales/land-transaction-tax-guide)

Leasehold Property Sales and Purchases have added complexities and costs.  Buying a leasehold property will involve us checking the lease and reporting to you on its terms and reporting to you on the freeholder and management company information including ground rent, service charges and any conditions and regulations.  With a leasehold sale there will be an additional disbursement cost of managing agent’s or freeholder’s information pack and our fees for the sale of property value £250,000 to £350,000 will be between £950 and £1,050 plus VAT.  With a leasehold purchase of similar value range, our fees will be in the region of £975 to £1,110 plus VAT.  Additional disbursement costs may also be payable for notices of mortgage and change of ownership to the freeholder.  We might not know the exact costs of these at the outset until we are advised by the sellers’ solicitors. 

When Can I Move? Is a frequently asked question and the answer depends on a number of factors.  The average process takes between 10-14 weeks.  This may be quicker or slower depending on the parties in the chain.  We will be in contact regularly so you will know in good time when to start packing and booking the removals. 

We offer a bespoke personal service and your house sale and purchase may vary according to the circumstances.  If everything fits the standard plan the Stages Of The Process will include the following:

Sale

Purchase

We can also assist you with mortgages and remortgages.  Our typical costs range from £500 to £700 plus VAT and we would estimate a timescale of 4-6 weeks.  There will be added disbursements including searches and Land Registry fees with an estimated range of £80 to £150.  These costs do not include work to rectify defects in Title, second charges, equity release mortgages, restrictions on the Title and any Declaration of Trust.  We can quote you for our costs relating to these separately. 

We have experienced staff accredited by the Law Society Conveyancing Quality Scheme who will be assisting you with your transaction.  The contact details for the people involved can be found on their profiles below. 

Why Choose Us?

We are not the cheapest but we pride ourselves on our service to clients; our experienced staff will offer a tailor-made service to you.  We work very closely with local professionals including surveyors, valuers, mortgage and insurance brokers, financial advisors and accountants and have a good working relationship with local estate agents.  You will have clear fee transparency, regular updates and car parking available at our centrally located Ipswich office where a welcome pot of tea, coffee and biscuits are waiting for you when you come to see us.

Personnel

The Residential Property team is made up of the following personnel.  Their full profiles can be found by clicking the link on their name.

Penny Gordon – GCILEX, £120 per hour

Penny oversees the Residential Property Department and is a Graduate of the Chartered Institute of Legal Executives (GCILEX) and worked in the local area for 8 years before joining the Residential Property Department at Prettys in 2005.  Having worked in conveyancing for many years, Penny has forged close links with local agents and businesses. 

Neil Ford – Solicitor, £150 per hour

Neil qualified as a solicitor in 1994 and has specialised in residential conveyancing throughout his career.  Before joining Prettys in 2017, Neil worked mainly in North East London and Essex where he became a partner in a long-established firm of solicitors.  Neil spends all his time working with the Residential Property Team.

Rujina Begum - Paralegal, £100 per hour

Rujina earned a  LLB Degree of Bachelor of Laws (University of East Anglia) and Legal Practice Course (University of Law - Moorgate) before undertaking a Masters of Laws in Professional Legal Practice (University of Law - Moorgate).  Rujina joined Prettys in 2018 and spends all her time working with the Residential Property team.

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