What is an engrossment fee? – Jargon Buster
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Residential Conveyancing Solicitors
Our services 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 (SDLT) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
The precise stages involved in a residential property purchase vary according to the circumstances. For example our service typically includes:
How long it will take from your offer being accepted until you can move into your new house will depend on a number of factors. The average standard transaction takes between 10 and 12 weeks. Examples of non-standard transactions include:
Other factors which may delay your purchase may include other people in your chain and the lender.
Your matter will be undertaken by a member of our Residential Conveyancing team. You can view their profile pages by visiting our Meet the Team page. We welcome your request for a specific member of the Residential Conveyancing team to act on your behalf but please note this may not always be possible, (eg. we may decide another Solicitor has more appropriate skills for your matter).
All of our Residential Conveyancing matters are supervised by Lucy McCallum who is our Head of Residential Property Conveyancing.
We will charge you a fixed fee based on your transaction. We will assess this with you at the beginning of the matter based upon the below guidance:
Our Fee is based on the Property Value:
Up to £200,000 Our total fee inc. VAT: £1,500 Total ex. VAT: £1,250
£200,001 to £300,000 Our total fee inc. VAT: £1,620 Total ex. VAT: £1,350
£300,001 to £400,000 Our total fee inc. VAT: £1,740 Total ex. VAT: £1,450
£400,001 to £500,000 Our total fee inc. VAT: £1,860 Total ex. VAT: £1,550
£500,001 to £750,000 Our total fee inc. VAT: £1,980 Total ex. VAT: £1,650
Over £750,000 Our total fee inc. VAT: By agreement – Click here to contact
You will also be required to pay Fees for the following:
Additional fees may be charged if your matter involves:
In the majority of purchases we expect to pay the below third-party expenses on your behalf. It is important you note we do not make any money from these payments.
SDLT can be calculated here Dependent VAT FREE
Search fees to check legal elements of the property you are purchasing e.g. if the property is connected to a highway Approximately £320 +VAT
Land Registry fee to register the property in your name £95 VAT FREE
Legal Marketing Services if used by your chosen bank £10 VAT FREE
Certain work introducers, such as Estate Agents, have agreed a referral fee with the firm. This means we make a payment to the referrer. It is important to note you only pay our Legal Fees and we in turn pay the agents from our Legal Fees.
We charge all clients an abortive fee dependent on the percentage of the work we have completed (i.e. we will charge 75% of the fee if we have completed 75% of the work) plus any third-party payments incurred on your behalf.
I have nothing but praise for all of the people I have dealt with over the years. Nothing has been too much trouble and I would have no hesitation in recommending them.P. Browne
A very thorough and professional company. Always found staff to be very approachable, helpful and very clear in their explanations of all options available to me. Would strongly recommend WSP.D. Maton
WSP is the one-stop superstore for all your legal requirements. It is staffed with friendly, professional and expert people who are a pleasure to deal with. As a long term user of the company I always recommend WSP to all of my friends based on my own happy experience.D. Wilkins
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