We are pleased to launch our new website and to continue serving our clients as Streathers Solicitors LLP.
We are pleased to launch our new website and to continue serving our clients as Streathers Solicitors LLP.
At Streathers, we understand that no two property transactions are the same. Our Residential Property team provides tailored fee estimates at the outset of every transaction before you commit to working with us. We pride ourselves on giving excellent responsive service at a competitive price.
Our estimated fees will reflect the requirements of your transaction and the time we think it will take based on our experience. There are many factors that can vary the cost including:
It is difficult to provide a meaningful estimate without details of the property and proposed transaction, but we also appreciate that people want guidance. The following are examples of our typical charges for straightforward residential conveyancing matters in London at the prices indicated. We would stress that these are only indications, and we would be happy to talk to you to understand your requirements and provide a specific written estimate of costs prior to you instructing us.
Freehold Purchase
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|---|---|---|
| Property Value | Junior Solicitor | Partner, Senior Consultant and Senior Solicitor |
| Up to £1,000,000 | £3,500 plus VAT | £4,500 plus VAT |
| £1,000,001 – £2,000,000 | £3,650 plus VAT | £5,000 plus VAT |
| £2,000,001 up to £3,000,000 | £3,800 plus VAT | £5,500 plus VAT |
Freehold Sale
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|---|---|---|
| Property Value | Junior Solicitor | Partner, Senior Consultant and Senior Solicitor |
| Up to £1,000,000 | £3,400 plus VAT | £4,250 plus VAT |
| £1,000,001 – £2,000,000 | £3,550 plus VAT | £4,750 plus VAT |
| £2,000,001 up to £3,000,000 | £3,700 plus VAT | £5,000 plus VAT |
Leasehold Purchase
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|---|---|---|
| Property Value | Junior Solicitor | Partner, Consultant and Senior Solicitor |
| Up to £1,000,000 | £3,700 plus VAT | £5,000 plus VAT |
| £1,000,001 – £2,000,000 | £3,950 plus VAT | £5,500 plus VAT |
| £2,000,001 up to £3,000,000 | £4,150 plus VAT | £6,000 plus VAT |
Leasehold Sale
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|---|---|---|
| Property Value | Junior Solicitor | Partner, Senior Consultant and Senior Solicitor |
| Up to £1,000,000 | £3,600 plus VAT | £4,500 plus VAT |
| £1,000,001 – £2,000,000 | £3,800 plus VAT | £5,000 plus VAT |
| £2,000,001 up to £3,000,000 | £4,000 plus VAT | £5,500 plus VAT |
At the price point of £3,000,001 and above, please contact our Residential Property Team as costs will be considered on a case by case basis.
In connection with loans up to £1,000,000 (subject to the Lender not being separately represented) charges would be in the region of £1,500 – £2,500 plus VAT. For loans above £1,000,001 fees are generally calculated at 0.22% of the loan amount, although this may vary depending on the lender’s requirements and the nature of the transaction.
We will set out the basis of our charges, whether an estimate or fixed fee, in our engagement letter so you understand how you will be charged for the specific matter.
Our fee estimate will be based on the lawyer carrying out the work and the complexity of the transaction and our estimates are calculated on the following hourly charge out rates based on experience and seniority:
| Partner / Senior Consultant | £475 plus VAT |
| Senior Associate | £425 plus VAT |
| Junior Fee Earners | £275 to £375 plus VAT |
All fees shown are exclusive of VAT, which will be charged at the prevailing rate.
The following charges commonly apply in addition to our legal fees:
| Item | Cost |
| Bank Transfer Fee | £35 – £40 plus VAT |
| Administration / E-Conveyancing Fee | £25 – £35 plus VAT |
| Compliance Fee | £12.50 – £350 plus VAT |
Compliance charges vary depending on the number of parties involved and the level of due diligence required.
Disbursements are payments made to third parties as part of your transaction. We collect and pay these on your behalf.
| Disbursement | Typical Cost |
| Land Registry Official Copies | £20 – £50 plus VAT |
| Leasehold Management Pack | £200 – £500 plus VAT |
| Disbursement | Typical Cost |
| HM Land Registry Fee | £20 – £1,105 |
| Property Searches | £300 – £500 plus VAT |
Additional disbursements may apply for leasehold properties, including landlord’s notice fees, deed of covenant fees, share transfer fees and certificates of compliance.
Stamp Duty Land Tax (SDLT) may be payable on a purchase. The amount depends on:
If the property is in England, you can check the stamp duty land tax payable on the HMRC website.
If the property is in Wales, you can check the land transaction tax payable on the Welsh Revenue Authority website.
