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KTS LEGAL SOLICITORS & ADVOCIATES PRICE INFORMATION (Dec 2018)

We are required by the Solicitors Regulation Authority to publish prices and service information in relation to Residential conveyancing work we carry out. To comply with this requirement, we set out our charges at the end of this introductory section of our data.

No two transactions are the same and therefore in order to obtain a personalised quote for your transaction, please contact us.

General Notes

Please note that additional expenses are likely to be payable in the event your transaction is being made via a limited company or other corporate structure.

If it becomes apparent that there are unforeseen circumstances in connection with your transaction, we will increase our charges, but if that is the case, we shall inform you before we incur any additional costs.

 

If, for any reason, your transaction is aborted, we will charge for the work that has been carried out at the hourly rate of £200.00 plus VAT but will not exceed the estimate provided to you, unless we have warned you in advance.

Guidance - Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty).The Stamp Duty will depend on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website

All prices below are exclusive of VAT. The fees listed are our average fee ranges for a Purchase, Sale and Remortgage transactions. The fees (including additional fees and disbursements) may vary depending on the source of the instruction, location of the property, the property price and the work we are required to do.

Purchase Transaction

 

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 plus VAT

£750 plus VAT

£400,001-£650,000

£750 plus VAT

£850 plus VAT

£650,001-£800,000

£850 plus VAT

£950 plus VAT

£800,001+

£1,200 plus VAT

£1,300 plus VAT

 

Sale Transaction

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 plus VAT

£750 plus VAT

£400,001-£650,000

£750 plus VAT

£850 plus VAT

£650,001-£800,000

£850 plus VAT

£950 plus VAT

£800,001+

£1,200 plus VAT

£1,300 plus VAT

 

Remortgage Only (Excludes Bridging Loans)

Value not exceeding

Our Professional Fees

Leasehold/Share of Freehold

Up to £400,000

£650 plus VAT

£750 plus VAT

£400,001-£650,000

£750 plus VAT

£850 plus VAT

£650,001-£800,000

£850 plus VAT

£950 plus VAT

£800,001+

£1,200 plus VAT

£1,300 plus VAT

 

Other Additional Fees (if applicable to your transaction):

  • Help To Buy:                   £100
  • Help To Buy ISA:            £50
  • Telegraphic Transfer:      £36
  • SDLT Admin:                   £100
  • Acting for Lender:            £250
  • Islamic Mortgage:            £250

 

Disbursements (third party costs):

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

  • Search Pack:                      £250.00 approx. (excluding VAT)
  • Bankruptcy Search:            £2.00 per person
  • ID/AML Checks:                  £6 - £12.00 per person
  • Land Registry Search:        £6.00 (Help to Buy) £3.00 (Non-Help to Buy)
  • Land Registration Fee:       £40.00 - £910.00

The Land Registry fees referred to above are not subject to VAT.

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

If the property is leasehold;

  • If a lease extension of deed of variation is required;
  • If there is Help to Buy involvement;
  • If you wish for us to expedite your transaction;
  • If we also need to act for your lender;
  • If the purchase is off-plan;
  • If we cannot meet you in person and will need to complete an electronic ID check;

 

Stages of the Process

The precise stages involved in residential property transaction may vary according to the circumstances; however below we have outlined the traditional stages which will be carried out:

 

Purchase:

  • Take your instructions and give you initial advice;
  • Check finances are in place to fund purchase and contact lender's solicitors, if needed;
  • investigating the title to the property which you are buying, to include:
  • carrying out searches with respect to title and local government information for the property
  • reviewing replies given by the seller to pre-contract enquiries
  • Obtain further planning documentation if required;
  • Prepare Report on Title and send to you with the contract for signature and supporting documents to include advising on the conditions of your mortgage offer and joint ownership, if required;
  • Agree completion date (date from which you own the property);
  • Proceeding to exchange of contracts and completion of the purchase;
  • calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and
  • registering the purchase and any mortgage at the Land Registry

 

Sale:

  • Take your instructions by getting you to complete sale instructions and Protocol forms and give you initial advice;
  • Check finances are in place to fund any related purchase (if applicable);
  • Obtain a copy of the Title and prepare a contract pack to send to purchasers Solicitors;
  • Respond to any pre-contract enquiries;
  • Obtain a redemption statement from your mortgage lender
  • Arrange for you to execute the final contract and Transfer Deed
  • Arrange an exchange and completion date;
  • Complete sale
  • Deal with redemption of your mortgage
  • Pay the estate agents commission account (if any)
  • Transfer any remaining money from sale to you

 

Remortgage:

  • Take your instructions and give you initial advice;
  • Obtain the Title Deeds from HM Land Registry;
  • Receive your mortgage offer and report to you on this;
  • Apply for searches or search indemnity (dependent on what your lender requires);
  • Request an initial redemption statement from the lender;
  • Report to lender and confirm you can comply with the mortgage conditions;
  • Set a completion date;
  • Transfer any remaining surplus to you;
  • An application will be made to the Land Registry with the new lender’s interest

 

Please note the fees quoted above assumes that your matter is:

 

(1)a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to exchange or the preparation of additional documents ancillary to the main transaction;

 

(2)Your matter is the assignment of an existing lease and is not the grant of a new lease;

 

(3)Your transaction is concluded in a timely manner and that no unforeseen complications arise;

 

(4)All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation; and

 

(5)No indemnity policies are required

 

* Please note that an additional £150 + VAT will be charged for leasehold properties

* Please also note that a Telegraphic Transfer fee is an additional £35 + VAT

* An additional charge of £250 + VAT will be required if we are acting for the lender

 

Services contained within the quoted price will include:

  • Issuing draft contract papers to the buyer solicitor
  • Requesting a redemption statement from your lender and redeeming the mortgage
  • Obtaining the appropriate planning permission, building regulation approval and building completion certificate if any
  • Dealing with enquiries raised by the buyer solicitor
  • Obtaining the NHBC Certificate or other similar warranty for the development, if any
  • Obtaining the re sale pack from the management company and dealing with any enquiries raised by the management company
  • Reporting to you about the property with the contract for signature and supporting documents
  • Preparing the completion such as completion statement and sending funds over you and the lender, if any.

 

Additional Work

Comment

Charge

VAT (@ 20%)

Total

Additional land

If the property being purchased or sold includes an additional piece of land with a separate title this is the fee for each additional title

650

130

780

Auction

If the property is being bought or sold at auction this is the fee for preparing or checking the auction documents – it does not cover attendance at the auction

300

60

360

Bridging loan

If you are obtaining bridging finance in connection with a purchase but this does not cover any work in connection with the bridging lender’s requirements

250

50

300

Contaminated land issues

If the property does not receive a ‘pass’ certificate when an environmental search is undertaken

100

20

120

Declaration of Trust

If two or more joint owners wish to specify in detail the terms upon which they own a property – this is our basic charge for a simple Declaration of Trust

150

30

180

Deed of covenant

This is the charge for each deed

150

30

180

Deed of postponement

If there is more than one lender and the lenders require a deed regulating their respective priorities – this is the fee for the first two lenders 

100

20

120

Defective title

If there is a title effect and we have to take action to correct it

100

20

120

Discharge of charge

Our basic price on sales includes the discharge of one registered charge – each additional registered charge attracts this fee

30

6

36

Disputes

Sometimes a dispute arises between the parties and legal advice is required

200

40

240

Expedited completion

If the period between exchange of contracts and completion is less than five working days – if an expedited exchange is required you should discuss your requirements with you conveyancer as the average transaction takes in the region of 8 weeks

300

60

360

First registration at the Land Registry

If the property is not yet registered at the Land Registry

150

30

180

Freehold reversion purchase

If a leaseholder acquires the freehold reversion

195

39

234

Gift (sometimes referred to as a gifted deposit)

If you are receiving a gift of money or property

150

30

180

Guarantee

Sometimes a separate or collateral guarantee is required – this is the charge for each guarantee

150

30

180

Help to Buy

If you are buying a property using the Government’s Help to Buy scheme

350

70

420

Help to Buy ISA

If you instruct us to make an application on our behalf for a Help to Buy ISA bonus

50

10

60

HMO/HIMO

If the property being brought or sold is a house in multiple occupation

175

35

210

Interpreters

If we need to arrange for someone to act as an interpreter

100

20

120

Lease amendment

If the lease being transferred needs to be amended – this is our standard charge for straightforward amendments and does not include any other party’s legal costs 

150

30

180

Lease extension

If the lease being transferred needs to be extended – this is our standard charge for straightforward extensions and does not include any other party’s legal costs

650

130

780

Lender’s separate lawyers

If your lender is separately represented

200

40

240

Licence to assign a lease

If a licence is required before a leasehold property can be transferred – this is our standard charge for a straightforward licence and does not include any other party’s legal costs

250

50

300

Merger of leasehold and freehold

If a freehold and leasehold title are to be merged

150

30

180

New build properties or plots of land

If the property is newly built and we did not know about this when we provided our estimate

200

40

240

Occupiers

Your lender may require occupiers to sign a consent or release – this is our fee for dealing with the additional work and is per occupier

50

10

60

Power of Attorney

If the property is being sold under an existing power of attorney or any of the parties to a transaction is acting as attorney, this is the fee for each Power – if we prepare a Power of Attorney our usual hourly rate will apply

100

20

120

Right to Buy

If you are buying a property under the Government’s Right to Buy scheme

200

40

240

Second or subsequent charge

If you are borrowing money from more than one lender and each lender requires a mortgage, this is the fee for the second and each subsequent mortgage

200

40

240

Shared ownership leases

If the property is part-owned and part-leased on a shared ownership basis and we did not know about this when we provided our estimate

300

60

360

Statutory Declaration/ Statement of Truth

If a statutory declaration or statement of truth has to be prepared or approved by us, this is the fee for each declaration/ statement

150

30

180

Tenancy agreement

If we are required to draft or approve a tenancy agreement, this is our basic fee for each tenancy agreement

300

60

360

Tenanted property

If the property is tenanted, this is the price for each tenancy agreement we have to consider

150

30

180

Transfer of charge

If a mortgage or charge has to be transferred from one property to another – this does not include any other party’s legal costs or any work in connection to the lender’s requirements

175

35

210

Transfer of equity/deed of gift

If the property has to be transferred into the correct names of the sellers or the owners taking out a new mortgage

300

60

360

Transfer of part

If the property is only part of a registered title

300

60

360

Verifying identification for non-UK residents

If your identification documents are issued outside of the UK or you cannot provide a satisfactory UK address

100

20

 

120

 

 

* Please note that an additional £150 + VAT will be charged for leasehold properties

* Please also note that a Telegraphic Transfer fee is an additional £35 + VAT

* An additional charge of £250 + VAT will be required if we are acting for the lender

Services contained within the quoted price will include:

  • Issuing draft contract papers to the buyer solicitor
  • Requesting a redemption statement from your lender and redeeming the mortgage
  • Obtaining the appropriate planning permission, building regulation approval and building completion certificate if any
  • Dealing with enquiries raised by the buyer solicitor
  • Obtaining the NHBC Certificate or other similar warranty for the development, if any
  • Obtaining the re sale pack from the management company and dealing with any enquiries raised by the management company
  • Reporting to you about the property with the contract for signature and supporting documents
  • Preparing the completion such as completion statement and sending funds over you and the lender, if any.

 

 

Additional Work

Comment

Charge

VAT (@ 20%)

Total

Additional land

If the property being purchased or sold includes an additional piece of land with a separate title this is the fee for each additional title

650

130

780

Auction

If the property is being bought or sold at auction this is the fee for preparing or checking the auction documents – it does not cover attendance at the auction

300

60

360

Bridging loan

If you are obtaining bridging finance in connection with a purchase but this does not cover any work in connection with the bridging lender’s requirements

250

50

300

Contaminated land issues

If the property does not receive a ‘pass’ certificate when an environmental search is undertaken

HR

 

 

Declaration of Trust

If two or more joint owners wish to specify in detail the terms upon which they own a property – this is our basic charge for a simple Declaration of Trust

150

30

180

Deed of covenant

This is the charge for each deed

150

30

180

Deed of postponement

If there is more than one lender and the lenders require a deed regulating their respective priorities – this is the fee for the first two lenders 

100

20

120

Defective title

If there is a title effect and we have to take action to correct it

HR

 

 

Discharge of charge

Our basic price on sales includes the discharge of one registered charge – each additional registered charge attracts this fee

30

6

36

Disputes

Sometimes a dispute arises between the parties and legal advice is required

HR

 

 

Expedited completion

If the period between exchange of contracts and completion is less than five working days – if an expedited exchange is required you should discuss your requirements with you conveyancer as the average transaction takes in the region of 8 weeks

300

60

360

First registration at the Land Registry

If the property is not yet registered at the Land Registry

150

30

180

Freehold reversion purchase

If a leaseholder acquires the freehold reversion

195

39

234

Gift (sometimes referred to as a gifted deposit)

If you are receiving a gift of money or property

150

30

180

Guarantee

Sometimes a separate or collateral guarantee is required – this is the charge for each guarantee

150

30

180

Help to Buy

If you are buying a property using the Government’s Help to Buy scheme

350

70

420

Help to Buy ISA

If you instruct us to make an application on our behalf for a Help to Buy ISA bonus

50

10

60

HMO/HIMO

If the property being brought or sold is a house in multiple occupation

175

35

210

Interpreters

If we need to arrange for someone to act as an interpreter

HR

 

 

Lease amendment

If the lease being transferred needs to be amended – this is our standard charge for straightforward amendments and does not include any other party’s legal costs 

150

30

180

Lease extension

If the lease being transferred needs to be extended – this is our standard charge for straightforward extensions and does not include any other party’s legal costs

650

130

780

Lender’s separate lawyers

If your lender is separately represented

200

40

240

Licence to assign a lease

If a licence is required before a leasehold property can be transferred – this is our standard charge for a straightforward licence and does not include any other party’s legal costs

250

50

300

Merger of leasehold and freehold

If a freehold and leasehold title are to be merged

150

30

180

New build properties or plots of land

If the property is newly built and we did not know about this when we provided our estimate

200

40

240

Occupiers

Your lender may require occupiers to sign a consent or release – this is our fee for dealing with the additional work and is per occupier

50

10

60

Power of Attorney

If the property is being sold under an existing power of attorney or any of the parties to a transaction is acting as attorney, this is the fee for each Power – if we prepare a Power of Attorney our usual hourly rate will apply

100

20

120

Right to Buy

If you are buying a property under the Government’s Right to Buy scheme

200

40

240

Second or subsequent charge

If you are borrowing money from more than one lender and each lender requires a mortgage, this is the fee for the second and each subsequent mortgage

200

40

240

Shared ownership leases

If the property is part-owned and part-leased on a shared ownership basis and we did not know about this when we provided our estimate

300

60

360

Statutory Declaration/ Statement of Truth

If a statutory declaration or statement of truth has to be prepared or approved by us, this is the fee for each declaration/ statement

150

30

180

Tenancy agreement

If we are required to draft or approve a tenancy agreement, this is our basic fee for each tenancy agreement

300

60

360

Tenanted property

If the property is tenanted, this is the price for each tenancy agreement we have to consider

150

30

180

Transfer of charge

If a mortgage or charge has to be transferred from one property to another – this does not include any other party’s legal costs or any work in connection to the lender’s requirements

175

35

210

Transfer of equity/deed of gift

If the property has to be transferred into the correct names of the sellers or the owners taking out a new mortgage

300

60

360

Transfer of part

If the property is only part of a registered title

300

60

360

Verifying identification for non-UK residents

If your identification documents are issued outside of the UK or you cannot provide a satisfactory UK address

100

20

120

 

 

* Please note that an additional £150 + VAT will be charged for leasehold properties

* Please also note that a Telegraphic Transfer fee is an additional £35 + VAT

* An additional charge of £250 + VAT will be required if we are acting for the lender

Services contained within the quoted price will include:

  • Issuing draft contract papers to the buyer solicitor
  • Requesting a redemption statement from your lender and redeeming the mortgage
  • Obtaining the appropriate planning permission, building regulation approval and building completion certificate if any
  • Dealing with enquiries raised by the buyer solicitor
  • Obtaining the NHBC Certificate or other similar warranty for the development, if any
  • Obtaining the re sale pack from the management company and dealing with any enquiries raised by the management company
  • Reporting to you about the property with the contract for signature and supporting documents
  • Preparing the completion such as completion statement and sending funds over you and the lender, if any.

 

 

Additional Work

Comment

Charge

VAT (@ 20%)

Total

Additional land

If the property being purchased or sold includes an additional piece of land with a separate title this is the fee for each additional title

650

130

780

Auction

If the property is being bought or sold at auction this is the fee for preparing or checking the auction documents – it does not cover attendance at the auction

300

60

360

Bridging loan

If you are obtaining bridging finance in connection with a purchase but this does not cover any work in connection with the bridging lender’s requirements

250

50

300

Contaminated land issues

If the property does not receive a ‘pass’ certificate when an environmental search is undertaken

HR

 

 

Declaration of Trust

If two or more joint owners wish to specify in detail the terms upon which they own a property – this is our basic charge for a simple Declaration of Trust

150

30

180

Deed of covenant

This is the charge for each deed

150

30

180

Deed of postponement

If there is more than one lender and the lenders require a deed regulating their respective priorities – this is the fee for the first two lenders 

100

20

120

Defective title

If there is a title effect and we have to take action to correct it

HR

 

 

Discharge of charge

Our basic price on sales includes the discharge of one registered charge – each additional registered charge attracts this fee

30

6

36

Disputes

Sometimes a dispute arises between the parties and legal advice is required

HR

 

 

Expedited completion

If the period between exchange of contracts and completion is less than five working days – if an expedited exchange is required you should discuss your requirements with you conveyancer as the average transaction takes in the region of 8 weeks

300

60

360

First registration at the Land Registry

If the property is not yet registered at the Land Registry

150

30

180

Freehold reversion purchase

If a leaseholder acquires the freehold reversion

195

39

234

Gift (sometimes referred to as a gifted deposit)

If you are receiving a gift of money or property

150

30

180

Guarantee

Sometimes a separate or collateral guarantee is required – this is the charge for each guarantee

150

30

180

Help to Buy

If you are buying a property using the Government’s Help to Buy scheme

350

70

420

Help to Buy ISA

If you instruct us to make an application on our behalf for a Help to Buy ISA bonus

50

10

60

HMO/HIMO

If the property being brought or sold is a house in multiple occupation

175

35

210

Interpreters

If we need to arrange for someone to act as an interpreter

HR

 

 

Lease amendment

If the lease being transferred needs to be amended – this is our standard charge for straightforward amendments and does not include any other party’s legal costs 

150

30

180

Lease extension

If the lease being transferred needs to be extended – this is our standard charge for straightforward extensions and does not include any other party’s legal costs

650

130

780

Lender’s separate lawyers

If your lender is separately represented

200

40

240

Licence to assign a lease

If a licence is required before a leasehold property can be transferred – this is our standard charge for a straightforward licence and does not include any other party’s legal costs

250

50

300

Merger of leasehold and freehold

If a freehold and leasehold title are to be merged

150

30

180

New build properties or plots of land

If the property is newly built and we did not know about this when we provided our estimate

200

40

240

Occupiers

Your lender may require occupiers to sign a consent or release – this is our fee for dealing with the additional work and is per occupier

50

10

60

Power of Attorney

If the property is being sold under an existing power of attorney or any of the parties to a transaction is acting as attorney, this is the fee for each Power – if we prepare a Power of Attorney our usual hourly rate will apply

100

20

120

Right to Buy

If you are buying a property under the Government’s Right to Buy scheme

200

40

240

Second or subsequent charge

If you are borrowing money from more than one lender and each lender requires a mortgage, this is the fee for the second and each subsequent mortgage

200

40

240

Shared ownership leases

If the property is part-owned and part-leased on a shared ownership basis and we did not know about this when we provided our estimate

300

60

360

Statutory Declaration/ Statement of Truth

If a statutory declaration or statement of truth has to be prepared or approved by us, this is the fee for each declaration/ statement

150

30

180

Tenancy agreement

If we are required to draft or approve a tenancy agreement, this is our basic fee for each tenancy agreement

300

60

360

Tenanted property

If the property is tenanted, this is the price for each tenancy agreement we have to consider

150

30

180

Transfer of charge

If a mortgage or charge has to be transferred from one property to another – this does not include any other party’s legal costs or any work in connection to the lender’s requirements

175

35

210

Transfer of equity/deed of gift

If the property has to be transferred into the correct names of the sellers or the owners taking out a new mortgage

300

60

360

Transfer of part

If the property is only part of a registered title

300

60

360

Verifying identification for non-UK residents

If your identification documents are issued outside of the UK or you cannot provide a satisfactory UK address

100

20

120

 

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