Our commitment to transparent pricing

At Nova Solicitors, we ensure that the costs of your conveyancing transaction are fully transparent right from the start, with no ‘hidden extras’. We can then give you a written quote tailored to your transaction based upon the information available at the time. Our residential conveyancing team have many years of experience.

Please see the below list for legal fees. Please note that VAT is charged at the government set rate (which is set at 20% at the time of publishing):

 

Purchase/Sale Freehold Properties:

Purchase price up to £200,000 £850.00 plus VAT
Purchase price between 200,001 to £300,000 £950.00 plus VAT
Purchase price between £300,001 – £500,000 £1,300.00 plus VAT
Purchase price between £500,001 to £1,000,000 £1,600.00 plus VAT
Purchase price between £1m to £1.9m £2,500 plus VAT
Purchase price over £2m £3,500 plus VAT

 

Purchase / Sale Leasehold Purchase:

Purchase price up to £200,000 £1,000 plus VAT
Purchase price between 200,001 to £300,000 £1,100  plus VAT
Purchase price between £300,001 – £500,000 £1,250 plus VAT
Purchase price between £500,001 to £1,000,000 £1,500.00 plus VAT
Purchase price between £1m to £1.9m £2,700 plus VAT
Purchase price over £2m £3,700 plus VAT
Lease Extension (Non-statutory Route) £1,000 plus VAT
Lease Extension (Statutory Route) £1,500 plus VAT
 

Re-mortgage:

Re-mortgage up to £500,000 (Freehold) £800.00 plus VAT
Re-mortgage up to £500,000 (Leasehold) £900 +VAT
Re-mortgage between £500,001 to £1 m Please call or email us for bespoke quotation

 

Transfer of Equity:

Transfer of equity £850.00 plus VAT

 

*If the Buyer is a Company (corporate) there will be an additional legal fee of £350.00 plus VAT on top of the fees quoted above.

If any of the above are for a Leasehold property, there will be a additional legal fee of £250.00 plus VAT.

 

Mortgage

In addition to the above we also charge £350 plus VAT for acting for your mortgage lender.  We will advise you on the terms of the mortgage, review the property against the lender’s lending criteria and certify title to the lender where appropriate, collect in the mortgage money, arrange for you to sign the mortgage deed and register the mortgage at the Land Registry.

Below is a list of additional fees we may charge in a transaction. Please contact our offices and speak to one of our members of staff for a more detailed and tailored quote:

Acting for your Lender £350.00 + VAT
Where the Lender is Separately Represented £300.00 plus VAT
Dealing with 3rd Party Solicitors £200.00 plus VAT
Head Lease Review per Head Lease £100.00 plus VAT
Each Additional Management Company £50.00 plus VAT
Arranging Indemnity Insurance £50.00 plus VAT
Chain Transaction £150.00 plus VAT
New Build Surcharge £350.00 plus VAT
Restrictions on Title £150.00 plus VAT
Shared ownership £400.00 plus VAT
Gifts of Deposit £100.00 plus VAT
Unregistered title £200.00 plus VAT
Help to Buy £350.00 plus VAT
Help to buy ISA £50.00 plus VAT
Tenanted Properties (Review AST) £150.00 plus VAT
File/Data Storage £60.00 plus VAT
Per Telegraphic Transfer £35.00 plus VAT
Bankruptcy and Priority Searches (Approx.) £10.00

Redemption of charge (per charge)                                               £250.00 plus VAT

Obviously all cases are different and we will try our best to inform you as soon as we become aware of any feature that might have an impact on the quoted fee.

Our costs listed above are based on a combination of competitive market pricing as well as an hourly rate based on the approximate amount of work carried out by a qualified solicitor at a flat rate of £200.00 plus VAT. Should any works be undertaken by a paralegal, charges would be at a rate of £125.00 plus VAT per hour.

Costs & Disbursements on Your Behalf and VAT thereon

Apart from legal fees as indicated above, there are other costs which you will incur in any residential transaction. These can vary depending on the type of transactions, such as whether you are selling a property or buying a property. Some costs do not have any VAT (such as stamp duty) whereas others are subject to VAT (such as searches). Here is an indicative list of usual costs and disbursements:

Land Registry Fee (No VAT) – There is usually a fee payable to HM Land Registry for any application to change or update the register. For example, when buying a house, we must apply to the HM Land Registry to record you as the new owner and register the details of your mortgage. The fees payable vary and you are able to obtain further details here.

HM Land Registry fee:

  • £80,001 – £100,000: £40
  • £100,001 – £200,000: £95
  • £200,001 – £500,000: £135
  • £500,001 – £1,000,000: £270
  • Over £1,000,000, £455
  • On a leasehold purchase there may also be other disbursements such as management company notice fees and these are usually around £100-£125 plus VAT.  In almost all transfers of part and transfers of unregistered land the land registry fee is doubled.

For a calculation of Land Registry Fees, please click here. A typical fee for a purchase of a house/flat for £350,000 would be £135.00 for example.

 

Stamp Duty (No VAT) – This is a tax on property imposed by the government. There are varying rates of stamp duty and the amount you would be required to pay depends on your circumstances. A property being purchased for a buy to let or a second homeowner may be required to pay a higher rate. A first-time buyer would pay a lower rate. For further information on stamp duty rates, please either contact us or use the HMRC Stamp Duty Calculator.

Searches (Subject to VAT) – We would be required to carry our various searches in your purchase or in some cases remortgage transactions. Searches are usually provided by local authorities, utility providers (such as Thames Water) and other private search companies. Searches are usually subject to VAT. For example, a residential search pack which includes a local authority search, drainage search and environmental search would be approximately between £250.00 – £370.00 inclusive of VAT.

Notices and other Fees to Landlords on Leasehold Transactions (Could be VAT applicable)

On leasehold purchases or re-mortgages and or a leasehold sale, we are required to obtain information from the freeholder, or we will require that the freeholder undertakes some administrative work so that we can complete your transaction. The freeholder usually has fees which must be paid.  These could be obtaining a leasehold information pack for a sale or remortgage or serving a notice that you are the new owner following. Such costs are subject to VAT. However, in some cases there is no VAT, such as where the Landlord is a local authority for example.

“A typical Notice of Transfer fee is £50.00 for a building owner by a Council such as an ex-local authority flat or £100 plus VAT for buildings owned privately. “

VAT: As indicated above, VAT on costs and disbursements can vary and we are happy to provide you with a detailed quote if you contact us by email.

 Factors that could affect our residential conveyancing prices

  • If the legal title is defective or part of the property is unregistered
  • If building regulations or planning permission have not been obtained
  • If the property is shared equity
  • If we are required to deal with multiple lenders
  • If there is a requirement for a lease extension

How long will a purchase take?

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 6-12weeks.

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 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such, a situation additional charges would apply.

Stages of the purchase process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • 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
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

How long will a sale take?

A sale is affected by many of the same factors as a purchase as your buyer may have to secure a mortgage and you may be linking your sale with an onwards purchase.  Likewise, your buyer may have a related sale.

Stages of a sale process

  • The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:
  • Take your instructions and give you initial advice
  • Obtain a redemption statement for your mortgage (if you have one)
  • Obtain Official Copies Register Entries from the Land Registry for your property or the Deeds to your property (if unregistered)
  • Prepare the draft sale contract and send to the buyer’s solicitors
  • Answer queries from the buyer’s solicitors including obtaining copies of any missing building regulation approvals and guarantees (i.e. FENSA window guarantees)
  • Send final contract to you for signature
  • Agree completion date with you and the buyers (and any other related transactions)
  • Exchange contracts and notify you that this has happened
  • On completion – redeem any mortgage on the property and arrange for the release of the keys to the buyers
  • Send the balance of funds to you

 Our residential conveyancing team

Your transaction will be handled by a member of our experienced Residential Conveyancing team comprises all of the individuals listed below:

The team is led by Yasmin Armagan, a Property Solicitor.

Yasmin Armagan is a solicitor with in-depth knowledge and experience in commercial and residential property.  She qualified in 2010 and has an hourly rate of £250 plus VAT

Sinthia Das is a solicitor with in-depth knowledge and experience in commercial and residential property.  He qualified in 2010 and has an hourly rate of £250 plus VAT

Aysel Guler is a property solicitor with in-depth knowledge and experience in commercial and residential property.  He qualified in 2009 and has an hourly rate of £250 plus VAT

Gulcan Surun is a property and family solicitor with in-depth knowledge and experience in commercial and residential property.  She qualified in 2019 and has an hourly rate of £165 plus VAT

Alev Uzun is a property solicitor with in-depth knowledge and experience in commercial and residential property.  She qualified in 2017 and has an hourly rate of £220 plus VAT

Necat Yusuf is a Chartered Legal Executive.  He joined Nova Solicitors Solicitors in 2017 and qualified in 2021 and has an hourly rate of £150 plus VAT