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Our Fees

Oakwood Property Solicitors aim to deliver a professional service which achieves your aims whilst being transparent about our pricing structure. Our focus is on providing excellent value for money whilst providing a personal touch to our service.

We pride ourselves on being open, honest and transparent about fees and you can be assured that our quotes will include all fees we conceivably envisage will relate to your transaction at the point of instruction.

Services

At Oakwood Property Solicitors we offer a range of different services at competitive prices: –

  • Purchase of house, flat or land
  • Sale of house, flat or land
  • Buy to Let
  • Re-mortgage
  • New Builds
  • Right to Buys
  • Transfer of Equity

We can offer you an instant quote for buying and/or selling a property, remortgaging or transferring equity. Simply click the quote calculator and fill in your details.

We offer different funding products for different types of services. On deciding what funding option to offer you for the service we are completing on your behalf we will consider the following:

  1. The circumstances of the service you require us to complete
  2. The funding in the market place of this type of service
  3. Any specific or special requirements you have above and beyond our normal process
  4. Your individual circumstances and those of the business.

Typically, the funding options we can consider are:

  1. Fixed Fee
    Most transactions are dealt with on a Fixed Fee basis. We will provide you with a quote at the outset of a transaction based on the information available to us at the time we provide the quote. Our charge will not be relevant to the time we spend on the matter albeit an estimate of the likely time we spend on a matter will be used as the basis for setting the fee.

    Additional fees may apply during the transaction as further information becomes available and you will be advised of these as required. For example, it may be necessary to purchase an indemnity insurance policy, and this may not be known at the time you instruct us.

  2. Private Retainer
    You will pay us for our charges based on an hourly rate set in our retainer. We will provide you with an estimate of fees from time to time, but our charges will be based on the amount of time we spend on your matter.

Our standard hourly rates are dependent on the qualification and experience of the fee earner dealing with the matter.

 Grade of fee earnerHourly rate
Grade A
Any Solicitor of Legal Executive with over 8 years PQE. Grade a will include Directory
£255 per hour plus VAT
Grade B
Any Solicitor or Legal Executive with more than 4 year’s PQE but less than 8 year’s PQE. Any other fee earner with more than 4 years’ experience.
£218 per hour plus VAT
Grade C
Any Solicitor or Legal Executive with less than 4 years PQE. Any other fee earner with more than 1 year but less than 4 years’ experience. Trainee Solicitors shall be regarded as Grade C if they have more than 2 years’ experience prior to commencement of the training contract.
£177 per hour plus VAT
Grade D
Any Trainee Solicitor or other fee earner with less than 1 years’ experience.
£126 per hour plus VAT

Oakwood Property Solicitors are based at 458 Roundhay Rd, Roundhay, Oakwood, Leeds LS8 2HU

We deal with matters throughout the UK and can offer services via Facetime, WhatsApp, Zoom, phone, email or in person. This means that although we may not be local to you it still means that you can access our services via any media you choose.

Our team are made up of Solicitors, Conveyancers and Legal assistants. The team is headed up by Melissa Edwards who has over 10 years’ experience in this legal field.

Fee earner

Qualification and Experience

Supervisor

Melissa Edwards

Qualified as a solicitor in 2017

Abbigail Keech, Managing Director and Grade A Solicitor

Beverley Gray

Qualified as a Licensed Conveyancer in 2018

Melissa Edwards

Gemma Stobbart

Graduate CILEX Member

Melissa Edwards

Gemma Atkinson

Trainee Solicitor

Melissa Edwards

Saskia Irwin

Trainee Paralegal

Melissa Edwards

More information about the team can be found here.

The fees below only relate to residential conveyancing transactions. There may be additional fees or alternative fee structures where the transaction involves a commercial property, mixed use property or HMO.

As most transactions are dealt with on a fixed fee basis we have set out our fixed fees below. Our fees are based on the value of the transaction. The fees below exclude VAT and Disbursements, such as Searches, Stamp Duty, and Land Registry fees. We have listed common disbursements that may be incurred.

 

Residential Purchase Matters

Purchase Price

Legal Fees Freehold

Legal Fees Leasehold

Legal Fees Unregistered

£0-£125,000

£695.00

£795.00

£795.00

£125,001-£250,000

£745.00

£845.00

£845.00

£250,001-£500,000

£795.00

£895.00

£895.00

£500,001-£750,000

£885.00

£985.00

£985.00

£750,001-£1,000,00

£1025.00

£1125.00

£1125.00

£1,000,000 plus

POA

POA

POA

All fees are exclusive of Value Added Tax (VAT) at 20%

Additional Fees

Where your purchase involves any of the following features, then the additional fees below will apply:

 Additional matter

Basic legal fee (EXC VAT)

Company check

£20

Mortgage admin fee

£75

SDLT admin fee

£50

Companies House registration admin fee

£50

AML

£25

Expediting fee

£150

New Build fee

£150

Shared ownership

£150

Gifted deposit

£50

Buy to Let fee

£100

Auction fee

£250

The services included in these fees are

  • Title – check the title of the property which may include a variety of searches and enquiries
  • Mortgage – to liaise with the mortgage company and comply with all aspects of their terms including identifying any special conditions
  • Arranging dates for exchange of contracts and completion
  • Register the purchase of the property with Land Registry
  • Submitting the Stamp Duty Land Tax return and payment of any tax due

 

Residential Sale Matters

Sale Price

Legal Fees Freehold

Legal Fees Leasehold

   

£0-£125,000

£595.00

£695.00

£125,001-£250,000

£675.00

£775.00

£250,000 – £500,00

£725.00

£825.00

£500,000-£750,000

£775.00

£875.00

£750,001-£1,000,00

£925.00

£105.00

£1,000,000 plus

POA

POA

All fees are exclusive of Value Added Tax (VAT) at 20%

Additional Fees

Where your sale involves any of the following features, then the additional fees below will apply:

 Additional matter

Basic legal fee (EXC VAT)

Company check

£20

Mortgage admin fee

£75

Expediting fee

£150

Auction fee

£250 (passed onto the buyer)

AML fee

£25

Shared ownership

£250

Buy to Let fee

£100

Company insolvency fee

£10

The services included in these fees are:

  • Draft contracts to be sent to the buyer’s solicitor
  • Respond to any enquiries
  • Acquire any mortgage redemption figures
  • Set a date for exchanging contracts and completion
  • Settle any seller liabilities with leasehold and freehold properties
  • Redeem the mortgage and send any balance monies

 

Re-mortgage Matters

Mortgage

Legal Fees Freehold

Legal Fees Leasehold

£0-£125,000

£345.00

£445.00

£125,001-£250,000

£445.00

£545.00

£250,001 – £500,00

£555.00

£655.00

£500,001-£750,000

£745.00

£845.00

£750,001-£1,000,00

£945.00

£1045.00

£1,000,000 plus

POA

POA

All fees are exclusive of Value Added Tax (VAT) at 20%

Additional Fees

Where your re-mortgage involves any of the following features, then the additional fees below will apply:

 Additional matter

Basic legal fee (EXC VAT)

Company check

£20

Companies House registration admin fee

£50

AML fee

£25

Expediting fee

£150

Shared ownership

£150

Buy to Let fee

£100

Company insolvency fee

£10

The services included in these fees are.

  • Obtain copy title deeds and review legal ownership
  • Review mortgage offer
  • Comply with any lender requirements
  • Redeem any existing mortgage if applicable
  • Attend to post completion formalities at Land Registry

 

Transfer of Equity

Legal Fees Freehold

Legal Fees Leasehold

£495.00 + VAT

£595.00 + VAT

If it is a re-mortgage and a transfer then the re-mortgage fees would need to be added on.

Where your purchase involves any of the following features, then the additional fees below will apply:

 Additional matter

Basic legal fee (EXC VAT)

Company check

£20

Companies House registration admin fee

£50

AML fee

£25

Expediting fee

£150

Shared ownership

£150

Buy to Let fee

£100

Company insolvency fee

£10

Notice fees (to management agents/landlords)

Determined by lease terms

Land Registry fees

Dependent on property value/transfer amount

The services included in these fees are: –

  • Update title deeds
  • Determine the ownership of the property in question
  • Draft or approve the land registry transfer deed and any other appropriate documents
  • Liaise with any legal representatives
  • Arrange signing of legal documentation
  • Deal with any post completion matters such as updating ownership of the property/charge information

Disbursements

Disbursements are fees which we must pay out whilst acting for you. These are fees paid to third parties in respect of services relating to your transaction. Not all of the disbursements below will apply to your transaction and some of the amounts may vary on individual matters, but the figures are given by way of example.

If any disbursements do become necessary we will advise before they are incurred.

Additional matter

Basic legal fee (EXC VAT)

TT Fee

£30

Land Registry Official search

£3 (per title)

Land Registry Documents

£3 (per document)

Bankruptcy Search fees

£2 (per person)

Searches

£300

Stamp Duty

Individual to a transaction

Indemnity Insurance

As required per transaction

Stamp Duty Costs are dependent upon the property value. Below is a table giving an example of the Stamp Duty percentage that would be owed on a property amount:

 

Price of Property

Stamp Duty Payable

Up to £250,000 (First Time Buyers up to £425,000)

Zero

For First Time Buyers – The next £199,999.00 (the portion from £425,000.01 to £625,000.00)

5%

The next £675,000 (the portion from £250,001 to £925,000)

5%

The next £575,000 (the portion from £925,001 to £1.5 million)

10%

The remaining amount (the portion above £1.5 million)

12%

Example

In October 2022 you buy a house for £295,000. The SDLT you owe will be calculated as follows:

  • 0% on the first £250,000 = £0
  • 5% on the final £45,000 = £2,250
  • total SDLT = £2,250

Indemnity Insurance will be specific to the property transaction and we will provide you with a range of quotes should you require this insurance. Due to your individual demands and needs and the requirement to provide several products for you to consider it is not possible to give an estimated costs of the insurance product.

The length of time of your matter will depend on a number of factors, many of which are beyond our control.

For instance, if your transaction forms part of a large chain then delays can occur in other sections of the chain. Another cause of delay can be due to mortgage companies and obtaining offers or redemption statements.

Typically, many transactions complete within 8 – 12 weeks but transactions can be both shorter and longer depending on a number of circumstances.

We can offer you an instant quote for buying and/or selling a property, remortgaging or transferring equity. Simply click the quote calculator and fill in your details.

What to do next

If you would like to enquire about any of our services,
call us now on 0113 218 5727 or email us at property@oakwoodpropertysolicitors.co.uk.