Ryan Property Law Logo
Ryan Property Law Logo

Call 0113 236 2334

Expert Property Solicitors and Conveyancers with a Personal Approach

Ryan Property Law has gained a strong reputation for providing clear and easy-to-understand costs information.

We offer a fixed fee service and will be happy to provide a free, no obligation personal quotation tailored to your own individual transaction. 

Residential Property Charges

On any conveyancing transaction, the charges you pay are broken down into three specific parts:

 

Conveyancing Costs

Our charges are based on the value of the property and any anticipated complexity that we become aware of (for example, where the property is newbuild, leasehold or shared ownership).

For example, a straightforward freehold residential sale transaction for a price up to £200,000 should result in a fee of around £415 to £525 plus VAT. A higher value property in the region of £500,000 should result in a fee of around £615 to £735 plus VAT.

A straightforward freehold residential purchase transaction for a price up to £200,000 should result in a fee of around £460 to £540 plus VAT. A higher value property in the region of £500,000 should result in a fee of around £725 to £850 plus VAT.

Remortgages should cost in the region of £375 to £425 plus VAT. Where a remortgage also involves a change in the ownership of the property (for example, adding a person to the mortgage or removing someone), the fee is likely to be in the region of £450 to £500 plus VAT.

In addition, the conveyancing process usually requires same-day bank transfer payments to be made on your behalf, such as to pay the purchase price to the seller’s solicitors or to repay an existing mortgage on completion. We charge a fee of £28 plus VAT for each occasion on which a same-day payment is required, which reflects the administration involved and also covers the bank charges incurred by us in making such a payment on your behalf.

Disbursements

On a sale transaction, charges are usually limited to obtaining documentation from Land Registry, which can range from £6 on a straightforward freehold property to £30 on a more complicated leasehold property.

On a purchase transaction, search fees vary between each local authority. For example, in Leeds or Wakefield, the cost of a local authority, drainage and water and a Coal Authority search will be in the region of £175, whereas in Bradford or Calderdale, the same searches cost around £245. On commercial transactions, the cost of searches can be significantly higher and you should contact us for a bespoke quotation.

In addition, on purchase and remortgage transactions, fees are payable to the Land Registry to carry out a final check on the deeds just before completion (usually ranging from £3 to £15) and also to register the new purchase and / or mortgage. For example, to register a purchase at £150,000 will usually cost £95, whereas a purchase at £350,000 will ordinarily cost £135.

Stamp Duty Land Tax

The calculation of Stamp Duty Land Tax is complicated and is dependent upon a number of factors, by reference to the following table. In most cases, we can confirm the applicable figure to you from the outset of the transaction but in more complicated cases, you may need to obtain specialist tax advice.

Purchase price

SDLT Payable

(for “main residence”)

SDLT Payable

(for “additional residential properties”)

SDLT Payable

(all buyers are “first time buyers”)

The part of the purchase price which is under £125,000

nil

3%

nil

The part of the purchase price between £125,001 and £250,000

2%

5%

nil

The part of the purchase price between £250,001 and £300,000

5%

8%

nil

The part of the purchase price between £300,001 and £925,000

5%

8%

5%*

The part of the purchase price between £925,001 and £1,500,000

10%

13%

* only available if purchase price less than £500,000

The part of the purchase price £1,500,001 and above

12%

15%

 

When might you be charged more for the work that we do?

In the vast majority of cases, the fee you are quoted from the outset will be the amount that you pay. There are some common instances where we might not have information when we initially provide a quotation to you but where an additional charge might apply. Common instances where this might occur include the following:

"I’m so pleased I came to you for the conveyancing. What an excellent, professional and friendly team. "

Gail, Keighley

Logos

The Law Society's Conveyancing Quality Scheme (CQS) provides a quality standard mark for lawyers in residential conveyancing is also recognised by many mortgage lenders. We were one of the first firms in West Yorkshire to be awarded the accreditation.