Fahri LLP is accredited with the Law Society’s Conveyancing Quality Scheme kitemark and endeavour to provide a professional and efficient legal service to individuals who instruct us to handle residential property transactions (such as sales, purchases or linked sales and purchases). We do not offer different levels of service depending upon the legal fee charged. For example, we do not offer an online only service, or a service with a capped number of telephone discussions within a set price. Fahri LLP charge what we believe to be a fair and proper fee to reflect the bespoke and tailored service that we provide.
Fahri LLP tends to work on a repeat basis for clients who know us or who have been recommended to us. However, we are independent and neither pay nor accept referral fees.
LEGAL FEES AND DISBURSEMENTS RELATING TO SALE AND PURCHASE TRANSACTIONS
| FREEHOLD SALE | Up to £500,000 | £500,001 to £750,000 | £750,001 to £1,000,000 | £1,000,001 to £1,250,000 |
| Legal Fees plus VAT | ||||
| Initial Legal Fee * | £1,400.00 | £1,650.00 | £1,900.00 | £2,400.00 |
| Plus VAT | £280.00 | £330.00 | £380.00 | £480.00 |
| Total | £1,680.00 | £1,980.00 | £2,280.00 | £2,880.00 |
| Additional fees if applicable | ||||
| Mortgage redemption and discharge (if applicable) | £175.00 | £175.00 | £175.00 | £175.00 |
| Plus VAT | £35.00 | £35.00 | £35.00 | £35.00 |
| Total | £210.00 | £210.00 | £210.00 | £210.00 |
| Bank Transfer Fee | £40.00 | £40.00 | £40.00 | £40.00 |
| Plus VAT | £8.00 | £8.00 | £8.00 | £8.00 |
| Total | £48.00 | £48.00 | £48.00 | £48.00 |
| Disbursements plus VAT | ||||
| Land Registry copy title documents (estimate) | £6.00 | £6.00 | £6.00 | £6.00 |
| VAT | £0.00 | £0.00 | £0.00 | £0.00 |
| Total Disbursements plus VAT | £6.00 | £6.00 | £6.00 | £6.00 |
| LEASEHOLD SALE | Up to £500,000 | £500,001 to £750,000 | £750,001 to £1,000,000 | £1,000,001 to £1,250,000 |
| Fees plus VAT | ||||
| Initial Fee * | £1,550.00 | £1,900.00 | £2,150.00 | £2,650.00 |
| Plus VAT | £310.00 | £380.00 | £430.00 | £530.00 |
| Total | £1,860.00 | £2,280.00 | £2,580.00 | £3,180.00 |
| Additional fees if applicable | ||||
| Mortgage redemption and discharge (if applicable) | £175.00 | £175.00 | £175.00 | £175.00 |
| Plus VAT | £35.00 | £35.00 | £35.00 | £35.00 |
| Total | £210.00 | £210.00 | £210.00 | £210.00 |
| Bank Transfer Fee | £40.00 | £40.00 | £40.00 | £40.00 |
| Plus VAT | £8.00 | £8.00 | £8.00 | £8.00 |
| Total | £48.00 | £48.00 | £48.00 | £48.00 |
| Disbursements plus VAT | ||||
| Land Registry copy title documents (estimate) | £20.00 | £20.00 | £20.00 | £20.00 |
| Freeholder/Leaseholder Information Pack (estimate) | £250.00 | £250.00 | £250.00 | £250.00 |
| Plus VAT on Freeholder/Leaseholder Information Pack | £50.00 | £50.00 | £50.00 | £50.00 |
| Total Disbursements plus VAT | £320.00 | £320.00 | £320.00 | £320.00 |
| FREEHOLD PROPERTY PURCHASE | Up to £500,000 | £500,001 to £750,000 | £750,001 to £1,000,000 | £1,000,001 to £1,250,000 | £1,250,001 to £1,500,000 |
| Legal Fees plus VAT | |||||
| Initial Legal Fee * | £1,400.00 | £1,650.00 | £1,900.00 | £2,400.00 | £2,650.00 |
| Plus VAT on Initial Fee | £280.00 | £330.00 | £380.00 | £480.00 | £530.00 |
| Total | £1,680.00 | £1,980.00 | £2,280.00 | £2,880.00 | £3,180.00 |
| Additional fees if applicable | |||||
| Mortgage work (if applicable) | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 |
| Plus VAT | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 |
| Total | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 |
| Bank Transfer Fee | £40.00 | £40.00 | £40.00 | £40.00 | £40.00 |
| Plus VAT | £8.00 | £8.00 | £8.00 | £8.00 | £8.00 |
| Total | £48.00 | £48.00 | £48.00 | £48.00 | £48.00 |
| Disbursements plus VAT | |||||
| Search Pack (average cost) | £400.00 | £400.00 | £400.00 | £400.00 | £400.00 |
| Priority Search OS1/OS2 | £3.00 | £3.00 | £3.00 | £3.00 | £3.00 |
| Bankruptcy Search (if mortgage) £2 per name and gifting donor (if applicable) | £2.00 | £2.00 | £2.00 | £2.00 | £2.00 |
| Stamp Duty Land Tax (SDLT) – calculate at https://www.gov.uk/stamp-duty-land-tax/residential-property-rates | |||||
| Land Registry registration fee – See Land Registry Fee Scale http://landregistry.data.gov.uk/fees-calculator.html | |||||
| Total Disbursements (excluding SDLT and Land Registry fee) plus VAT | £405.00 | £405.00 | £405.00 | £405.00 | £405.00 |
| LEASEHOLD PROPERTY PURCHASE | Up to £500,000 | £500,001 to £750,000 | £750,001 to £1,000,000 | £1,000,001 to £1,250,000 | £1,250,001 to £1,500,000 |
| Legal Fees plus VAT | |||||
| Initial Legal Fee * | £1,550.00 | £1,900.00 | £2,150.00 | £2,650.00 | £3,150.00 |
| Plus VAT | £310.00 | £380.00 | £430.00 | £530.00 | £630.00 |
| Total | £1,860.00 | £2,280.00 | £2,580.00 | £3,180.00 | £3,780.00 |
| Mortgage work (if applicable) | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 | £350.00 - £750.00 |
| Plus VAT | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 | £70.00 - £150.00 |
| Total | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 | £420.00 - £900.00 |
| Bank Transfer Fee | £40.00 | £40.00 | £40.00 | £40.00 | £40.00 |
| Plus VAT | £8.00 | £8.00 | £8.00 | £8.00 | £8.00 |
| Total | £48.00 | £48.00 | £48.00 | £48.00 | £48.00 |
| Disbursements plus VAT | |||||
| Property Search Pack including VAT (average cost) | £400.00 | £400.00 | £400.00 | £400.00 | £400.00 |
| Priority Search OS1/OS2 | £3.00 | £3.00 | £3.00 | £3.00 | £3.00 |
| Bankruptcy Search (if mortgage) £2 per named person and gifting donor | £2.00 | £2.00 | £2.00 | £2.00 | £2.00 |
| Landlord/Freeholder Notice of Assignment and Charge Fee (estimate) | £150.00 | £150.00 | £150.00 | £150.00 | £150.00 |
| Stamp Duty Land Tax (SDLT) – calculate at https://www.gov.uk/stamp-duty-land-tax/residential-property-rates | |||||
| Land Registry registration fee – See Land Registry Fee Scale http://landregistry.data.gov.uk/fees-calculator.html | |||||
| Total Disbursements plus VAT | £555.00 | £555.00 | £555.00 | £555.00 | £555.00 |
| *These fees vary from property to property and can on occasion be significantly more or less than the ranges given above. We can give you an accurate figure once we have sight of your specific documents. | |||||
ASSUMPTIONS
When calculating our Legal Fee it is assumed that:
TIMING
Timing of your transaction will depend on a number of factors, to include if mortgage finance is required, if there is a chain and the length of it, where the property is leasehold if landlord’s licence to assign is required, how long the managing agents take to provide management information, etc.
The average sale or purchase transaction takes between 6-12 weeks but may be quicker or slower, depending on the factors mentioned above. If you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, say, between 3 to 4 months. The average refinance transaction takes approximately 3-6 weeks, depending on the complexity.
STAGES OF THE TRANSACTION
Set out below are some of the key stages involved in different types of transactions. These will, of course, vary depending on the transaction and are a guide only.
Purchase
Sale
Refinance
CONTACT
If you would like a fixed price quote for our Legal Fee then please make contact with Wendy Fahri at 0203 813 8452 (wendy@fahrillp.com) in our North London Office or Roumiana Dimitrova at 01992 350 172 (roumiana@fahrillp.com) in our Hertford Office.