Fees for Residential Property

Scale charges

Carter Lemon Camerons LLP deals with all types of property transactions. We can offer a fixed fee for residential sales and purchases as set out in the table below. Our minimum charge is £1500 for sales or purchases with a market value/price of up to £500,000. We add a supplement of £500 to the scale charge if the property concerned is leasehold and we also add a supplement of £500 if the property is a new-build purchase from a developer. New-build purchases, whether freehold or leasehold and leasehold sales and purchases usually require more time to deal with so our charges are accordingly higher.

In most cases no additional supplement is added to the scale charges in transactions which include dealing with a mortgage from a high street lender (whether this is the redemption of an existing mortgage in the case of a sale or completion of a new mortgage on a purchase) provided that CLC is also instructed by the lender.

The scale charges assume that the transaction will proceed in a straightforward manner with no unusual or time consuming features. Minor complications are generally to be expected and in most cases these will not result in an increase in our fee. However, should complications arise which cannot easily be overcome, there may be a need to increase our scale fee to take into account the additional work involved, but we will let you know before this happens and seek your agreement to any additional fee. In dealing with a sale or purchase we will not usually include give advice on tax issues arising out of the transaction (other than general advice in connection with stamp duty land tax); re-negotiating the price or other terms; overcoming unforeseen difficulties or defects of title; negotiating indemnity policies; reporting to third parties; preparing a declaration of trust between joint owners; contacting utility companies. Should these additional steps be required or prove necessary we will be happy to deal with these for you but there may be a separate cost for these and if so a price will be offered to you at the relevant time.

Please note that our charges as set out in the scale are exclusive of VAT (value added tax) which will be charged at the prevailing rate, currently 20%.

Personnel

We have an experienced property department. The Head of Property is Rufus Ballaster. Other partners dealing with conveyancing are Chris Picardo, Stuart Brennan James Norman and Ian West who between them have over 130 years of experience. Peter Skibinksi qualified as a solicitor in May 2018 having commenced his training with us in 2016. Prod Shakallis is a Chartered Legal Executive and Associate with over 20 years’ experience in residential conveyancing. Hannah-Louise Callaghan is currently qualifying as a legal executive and has over 5 years’ practical experience of residential conveyancing. The Property department also has a paralegal, Becky Smith and a Team Assistant, Georgia Affleck who all have relevant experience and work under the supervision of a qualified lawyer.

Carter Lemon Camerons LLP - Residential Conveyancing Scale 2018

Purchase Price / Sale Price / Valuation Our Fee Freehold Our Fee Leasehold Our Fee Subject to
tenancy / newbuild / offplan
£0 to £500,000 £1,500 £2,000 £2,500
£500,000 to £600,000 £1,750 £2,250 £2,750
£600,000 to £700,000 £2,000 £2,500 £3,000
£700,000 to £800,000 £2,250 £2,750 £3,250
£800,000 to £900,000 £2,500 £3,000 £3,500
£900,000 to £1,000,000 £2,750 £3,250 £3,750
£1,000,000 to £1,250,000 £3,000 £3,500 £4,000
£1,250,000 to £1,500,000 £3,250 £3,750 £4,250
£1,500,000 to £1,750,000 £3,500 £4,000 £4,500
£1,750,000 to £2,000,000 £3,750 £4,250 £4,750
£2,000,000 to £2,250,000 £4,000 £4,500 £5,000
£2,250,000 to £2,500,000 £4,250 £4,750 £5,250
£2,500,000 to £2,750,000 £4,500 £5,000 £5,500
£2,750,000 to £3,000,000 £4,750 £5,250 £5,750
£3,000,000 and above negotiable negotiable negotiable

Administrative Fees

Separate to our fee, we may charge an administrative fee if this service proves necessary. These are:

AML Search Fee £6.00 to £12.50 plus VAT
Lender's Panel Administration fee £12.00 plus VAT
Banking Fee (per bank transfer) £25.00 plus VAT
Overseas Deeds Dispatch Fee £75.00 plus VAT

Disbursements

In addition to our charges there are other expenses associated with a sale of purchase which must be paid for. The cost and extent of disbursements vary from transaction to transaction. Typical disbursements are as follows:-

Freehold Sale
Land Registry Copy Register Entries and title plan £6.00
Copy title documents referred to in the title £3.00
Telegraphic Transfer fees £12.00 VAT £2.40
Leasehold Sale
Land Registry Copy Register Entries and title plan £6.00
Copy title documents referred to in the title £3.00
Telegraphic Transfer fees £12.00 VAT £2.40
Land Registry Copy Register Entries of:
Freehold title and title plan £6.00
Land Registry Official Copy of the Lease *1 £3.00
Landlord/Management Company’s fees *2 £150 to £300 plus VAT
  1. 1 If you are unable to supply a copy of the lease to your property, then an official copy of the lease can be obtained from the Land Registry for the fee quoted above.
  2. 2 As the property is leasehold, we will need to obtain an assignment pack from the landlord providing the buyer with the landlord’s replies to leasehold management enquiries (a copy of the buildings insurance, last 3 years’ service charge accounts, details of anticipated external repairs, registration procedures etc).
    Please note that other documents may be required from the Land Registry if they are referred to in the title to the property being sold. The cost is usually £3.00 document. There is no VAT on Land Registry fees.
Freehold Purchase and Leasehold Purchases
Typical disbursements are listed below:
Local Authority Search £100 to £300plus VAT
Environmental Search £42.50 plus VAT
Drainage & Water Search £50.00 plus VAT
Chancel Repair Check £20.00 plus VAT
Telegraphic Transfer fee £12.00 plus VAT
Land Registry OS1/OS2 Search £3.00 per title – no VAT
Bankruptcy Search £2.00 per name – no VAT
Certificate of compliance *1 £150 to £250 plus VAT
Management Company membership *2 £100 plus VAT
Stamp Duty Land Tax *3 https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
Land Registry Application fee https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Leasehold Purchase
In addition to the above disbursements the following may also apply:-
Landlord’s fee – Deed of Covenant *4 £150 to £500 plus VAT
Landlord’s fee - Licence to Assign *5 £150.00 to £750 plus VAT
Landlord’s fee – Notice of Transfer/Charge *6 £5.00 to £100 plus VAT
  1. 1 Sometimes the title to a property states that the Buyer cannot be registered as the owner unless a certificate is issued by a third party to the effect that covenants relating to the title have bee complied with by the Buyer. Such a requirement is more commonly found where the property is leasehold but it is increasingly found in freehold transaction where, for example, a management company maintains certain common amenities such as a playground or pumping station. The certificate is often issued against the Buyer entering into a formal agreement with the third party to pay a portion of maintenance costs in respect of communal facilities.
  2. 2 Sometimes the title to a freehold property or the terms of the lease require the Buyer to become a member of a management company which deals with the management of communal facilities for which an administrative charge is made.
  3. 3 The SDLT will be calculated according to the purchase price of the property. Reduced rates can apply for first time buyers whilst a Buyer who owns an existing property on completion of the purchase or a Buyer that is a company may have to pay SDLT at the higher rate, currently 3% above the standard rate.
  4. 4 The lease may also require you to enter into a deed of covenant with the landlord and to pay the landlord’s costs in this regard. Usually such costs are in the region of £100-£200 plus VAT.
  5. 5 If the lease to the property contains a clause which says that the landlord’s permission is required before the property can be sold to you, then it will be necessary for you to comply with the landlord’s requirements for permission to be given. This usually involves you providing the landlord with 2/3 references as to the Buyer’s financial capability to meet the level of service charge and as to good character. Usually these costs are paid by the seller, but there could be a possibility that part of the costs fall to you to pay and you should bear this in mind. We will advise you if such a clause exists in the lease or any fees are necessary in due course.
  6. 6 On completion you will be required to serve formal notice of your purchase and the mortgage of the property on the landlord of the building, who will make a charge to register your notice against his records.

Carter Lemon Camerons LLP - Residential Remortage Scale 2018

The following scale applies only to re-mortgages with High Street Lenders where Carter Lemon Camerons LLP is acting for both the lender and the borrower.  The scale does not apply to the drawdown or repayment of mortgages in respect of loans from private banks, companies or individuals.

The scale is 50% of the freehold purchase scale for mortgages of freehold property. Where the property is leasehold and additional £100 is charged. As with the sale and purchases scales, the quoted fees are exclusive of VAT.

Amount of loan Fee Freehold Fee Leasehold
£0 to £500,000 £750 £850
£500,000 to £600,000 £875 £975
£600,000 to £700,000 £1,000 £1,100
£700,000 to £800,000 £1,125 £1,125
£800,000 to £900,000 £1,250 £1,350
£900,000 to £1,000,000 £1,375 £1,475
£1,000,000 to £1,250,000 £1,500 £1,600
£1,250,000 to £1,500,000 £1,625 £1,725
£1,500,000 to £1,750,000 £1,750 £1,850
£1,750,000 to £2,000,000 £1,875 £1,975
£2,000,000 to £2,250,000 £2,000 £2,100
£2,250,000 to £2,500,000 £2,125 £2,225
£2,500,000 to £2,750,000 £2,250 £2,350
£2,750,000 to £3,000,000 £2,375 £2,475
£3,000,000 and above negotiable Negotiable

Administrative Fees

Separate to our fee, we may charge an administrative fee if this service proves necessary. These are:

AML Search Fee £6.00 to £12.50 plus VAT
Lender's Panel Administration fee £12.00 plus VAT
Banking Fee (per bank transfer) £25.00 plus VAT
Overseas Deeds Dispatch Fee £75.00 plus VAT

Disbursements

In addition to our charges there are other expenses associated with a re-mortgage which must be paid for. The cost and extent of disbursements vary from transaction to transaction. Typical disbursements are as follows:-

Freehold re-mortgage
Land Registry Copy Register Entries and title plan £6.00
Copy title documents referred to in the title £3.00
Telegraphic Transfer fees £12.00 VAT £2.40
Leasehold re-mortgage
Land Registry Copy Register Entries and title plan £6.00
Copy title documents referred to in the title £3.00
Telegraphic Transfer fees £12.00 VAT £2.40
Land Registry Copy Register Entries of
Freehold title and title plan £6.00
Land Registry Official Copy of the Lease *1 £3.00
Landlord/Management Company’s fees *2 £150 to £300 plus VAT
Landlord’s Registration fee £5.00 to £100 plus VAT
  1. 1 If you are unable to supply a copy of the lease to your property, then an official copy of the lease can be obtained from the Land Registry for the fee quoted above.
  2. 2 As the property is leasehold, we will need to obtain an assignment pack from the landlord providing the buyer with the landlord’s replies to leasehold management enquiries (a copy of the buildings insurance, last 3 years’ service charge accounts, details of anticipated external repairs, registration procedures etc). Please note that other documents may be required from the Land Registry if they are referred to in the title to the property being sold. The cost is usually £3.00 document. There is no VAT on Land Registry fees.
Freehold and Leasehold Re-mortgage
Typical disbursements are listed below:
Local Authority Search £100 to £300plus VAT
Environmental Search £42.50 plus VAT
Drainage & Water Search £50.00 plus VAT
Chancel Repair Check £20.00 plus VAT
Telegraphic Transfer fee £12.00 plus VAT
Land Registry OS1/OS2 Search £3.00 per title – no VAT
Bankruptcy Search £2.00 per name – no VAT
Certificate of compliance *1 £150 to £250 plus VAT
Land Registry Application fee https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Meet the team

Consultant - Charities and Churches

Duncan Tuft is the Head of our Church and Charity Team. He advises charities on their constitution, their rules and procedures, formation and change, reorganisation and merger and on their property needs and opportunities, especially the redevelopment of the large central properties many charities find a burden.

Transactions

Include a major reorganisation and modernisation of a national charity which had operated through a lot of unincorporated associations but converted to run as 8 regions each of which was established as a company limited by guarantee.
More recently Duncan’s professional interest has regularly been aroused in property projects which bring up all sorts of individual issues to face: he has needed to deal with burials under a site which is to be developed, listed building complications, overage provisions and to explain to charities that they may well be due to pay tax on certain receipts from projects given the complexity of taxation of charities which is often misunderstood to mean simply that they are exempt from paying any!

More…

Duncan Tuft was born in England but spent his early years in Sudan.

Duncan qualified in 1976 after being articled to the senior partner of a City of London firm.  He was senior partner of Camerons before joining Carter Lemon Camerons in April 2000.
Duncan has acted for many years for the trust corporation of a major Free Church denomination and many of its churches and other charities. Few solicitors have as much experience as Duncan in acting for churches and their trustees. Duncan has also seen these things from the client view-point – for 9 years he was a board member of one of the largest Housing Associations in the country, he has been a school governor and Duncan is currently the lay leader of a Baptist Church. Duncan also acts for YMCA’s, Housing Associations and other charities both Christian and secular.

Outside the office, Duncan is a family man (husband, father and grandfather), an active member of his church, a keen gardener and walker.

020 7406 1000 - DuncanTuft@cartercamerons.com
Property - Legal Assistant

Hannah-Louise joined Carter Lemon Camerons LLP as a Legal Assistant in the Property department in November 2017.

She is an Associate of the Chartered Institute of Legal Executives (CILEx) and specialises in residential property and secured lending.

She has experience of development and plot sales, short-term lending and general residential conveyancing. Hannah-Louise is the firm’s resident Help to Buy expert.

Prior to joining Carter Lemon Camerons LLP, Hannah-Louise spent five years working at a high street firm in East Sussex, starting as a secretary before moving on to become a Legal Assistant, primarily working on residential and commercial property matters.

Away from the office, Hannah-Louise is a keen baker, enjoys watch football and rugby league as well as music, having recently seen UB40 and Bryan Adams.

020 7406 1000 - Hannah-LouiseCallaghan@cartercamerons.com
Trainee Solicitor - Property

Hinna Hussain joined Carter Lemon Camerons LLP as a Trainee Solicitor in September 2017. She is currently in the Property Department.

Prior to joining Carter Lemon Camerons LLP, Hinna was a Real Estate Paralegal at another London-based law firm.

She graduated from City University with an LLB Law degree and obtained her LPC with Distinction from the University of Law.

020 7406 1000 - HinnaHussain@cartercamerons.com
Partner - Private Client

Ian West is a partner in the Private Client team. He deals with a wide range of matters including commercial and residential conveyancing, will drafting, trusts and probate and powers of attorney.

Private Client Matters

As well as obtaining grants of probate for UK estates, Ian has assisted personal representatives of foreign estates in resealing foreign grants to administer UK assets held by a deceased domiciled outside the UK. He has dealt with resealing foreign grants in jurisdictions as diverse as Holland and Iran. He has also advised on domicile in respect of deceased’s’ estates.

Property Transactions

Recent property transactions include:-

  • Advising in a complex transaction involving the construction of an extension to a house occupied by both the landlord and the tenant including a preliminary agreement to share construction costs and the grant of a new lease of the extended flat to the tenant.
  • Acting on behalf of a land owner in connection with the grant of an option for a lease of a solar farm.
  • Acting on behalf of a land owner in connection with the sale of land for use as an electricity sub-station in connection with a wind farm project and grant of options for related easements.
  • Acting for both landlords and tenants in respect of statutory claims for extension leases of flats.

More…

Ian was educated at Brentwood School Essex, Manchester University and the College of Law London. He qualified as a solicitor in 1981 and joined Metson Cross in 1982 becoming a partner in 1990.

Ian is married with two children.

As former Honorary Secretary of the Society of Old Brentwoods, Ian takes a keen interest in the affairs of the School and in various events and functions organised by the Society. He is also a keen follower of football and helps with his son’s junior football team. Ian has also been learning to play the guitar (for the past 40 years!).

020 7406 1000 - IanWest@cartercamerons.com
Partner - Commercial Property

James joined Carter Lemon Camerons in 2009 and works in the Commercial Property team on a variety of Real Estate and related Corporate transactions with a particular focus on Real Estate Development and Development Finance.

Transactions

  • ‘Off-plan’ purchase of flagship office buildings to be constructed as part of a large-scale urban redevelopment – value circa £25m.
  • Acting on the purchase and financing of several town-centre development sites in the South-East for the construction of between 25 and 102 residential units.
  • Acting on corporate purchases of ‘enveloped’ properties both for investment and development.
  • Significant experience on acting for both borrowers and lenders in relation to both commercial and residential development, bridging and mezzanine finance in relation to sites from 2 to 100+ units.
  • Acting on a large portfolio refinancing for a commercial property investor involving a wide variety of properties all over the Country.
  • Advising property developers on development opportunities and land acquisitions throughout the life of a project: from the taking of options over sites, through to the eventual unit sales and commercial pre-lets.
  • Advising on lease transactions involving retail, industrial and warehouse properties.
  • Advising on joint ventures, share buy-outs and buy-ins and investment structures; mostly for South African based investors.

More…

James recently spent several years on the board of a Commercial Real Estate investment group in a non-executive capacity and then subsequently a year during which he split his time between legal work at Carter Lemon Camerons and an executive position at the group where he played a major role in the planning, negotiation and execution of a sale of the portfolio to a large pension fund.

Away from the office James’ main passion is travel (usually by motorcycle). He has explored most of Western Europe on his bike and his most exciting trip was a 20,000 mile journey from Argentina to Alaska. He also enjoys (watching) sport and spending time with his young family.

020 7406 1000 - JamesNorman@cartercamerons.com
Associate - Residential Property

Prod is an Associate in our property team and Carter Lemon Camerons’ foremost residential conveyancer. He joined the firm in 2008, bringing with him a substantial client base from the North London area – where he previously worked for over 15 years.

He has considerable expertise in residential and commercial conveyancing and landlord and tenant matters, handling sales, purchases, mortgages, transfers, shared ownership, declarations, equity release, guarantees, lease assignments, renewals and variations.

Prod is known and trusted by clients for his exceptional understanding of property matters. He represents property investors, developers, landlords, managing agents, lettings agents, surveyors and residents’ associations, and is also retained by an overseas private bank to act on secured lending on high-value Central London and West End residential properties

Transactions

  • Representing over 30 leaseholders on a proposed collective enfranchisement of a freehold residential block in Queensway;
  • Successfully organising a collective approach by a number of leaseholders in the same block for lease extensions to their respective flats under the 1993 Act;
  • Acting on the purchase of a multi-million pound property by acquiring ownership of shares in the selling company; dealing with first registration of agricultural land affected by a number of rights, settlements and trusts created over a number of years;
  • Successfully completing a high-value purchase transaction within 10 days of receipt of papers;
  • Successfully bringing a claim to preserve and uphold a right of way thought to have extinguished many years earlier;
  • Representing a leading mobile telecommunications operator in connection with acquisitions, renewals and transfers of mobile masts; and
  • Acting for one of the largest private property investment groups in the UK in connection with the grant, renewal and surrender of commercial leases.

More…

Prod was born in North London to Greek Cypriot parents and enjoys close links to the local and overseas Greek and Greek Cypriot community. He speaks  the Greek language reasonably well.

Despite his youthful looks, Prod has vast experience in his areas of practice, gained in a career of over 23 years.  He is a firm believer in a non-nonsense approach to his work and the importance of using plain English when dealing with clients and others.

Outside the office, Prod is a devoted husband and father. He is a member of the governing committee of his local Greek Language School, with responsibility for over 120 pupils aged between 4 and 17 years. He is also active in his local Orthodox Church. Prod enjoys DIY and believes he is really good at it, having helped renovate five houses. He is also a keen gardener and boasts to have a garden with the best figs, grapes, olives, cherries and plums.   In contrast to his mild nature, Prod is an avid sports-bike enthusiast and enjoys a daily commute to work on his cherished Kawasaki Ninja bike, dressed in full leathers.

020 7406 1000 - ProdShakallis@cartercamerons.com
Partner - Property

Rufus Ballaster specialises in secured lending for both lenders and borrowers, within Carter Lemon Camerons LLP’s commercial property team.

Rufus’ team is able to assist lenders with putting in place effective protection for their loans, including advising on the form of security that is needed, arranging reporting systems between lawyer and lender, preparing documents, raising enquiries, examining title and making the appropriate searches.

Rufus is also experienced in assisting borrowers, advising on the risks involved in the transaction and negotiating the best possible terms.

Where appropriate, having carefully looked at professional rules governing conflict of interest, Rufus can act for both the lender and the borrower in a single transaction.

His detailed technical legal knowledge and ability to crunch numbers are great assets both transactionally and as Carter Lemon Camerons LLP’s spreadsheet obsessive.

Transactions

Recent transactions include:

  • Secured Lending Portfolio Refinance for a group of clients shifting lending from one international Private Bank to another international Private Bank with full Certification of Title across 7 Central London Properties both commercial residential (or mixed) use – aggregate value £30M approx.
  • Phased purchase with development finance of site for over 40 new homes in SW London for a group of clients which has also bought and sold many other units in the region with Rufus and his team acting.
  • Short term (2 to 18 month) lending by a Wealth Management company into a variety of development projects taking first or second charge security over those sites or collateral security elsewhere.

Career highlights include:

  • Stepping into the panel of speakers at a course for which he was understudy – at only 3 years qualified
  • Representing most of the sets of barristers’ chambers at one of the Inns of Court in lease renewals with that Inn
  • Drawing down finance to purchase a SW1 development opportunity (offices to flats) by an off shore company at a price exceeding £120M (for a group of clients for whom previous deals were at values ranging from £7M to £220M)
  • Drawing down finance to purchase a group of off-shore vehicles which owned of a City office block let to a blue chip investment bank – loan exceeding £300 million, split into senior and junior debt.

More…

Rufus combines client focused views of legal issues with more holistic ones.  This is clearly visible from his writing (having contributed to many journals and been a co-author of the Landlord and Tenant Factbook and more recently of a Practical Guide to Drone Law) and from his lectures and seminars on banking, commercial property, artificial intelligence and other topics.

Asked what he likes most in his work, Rufus will talk of his role as a “trouble-shooter”.  He enjoys being asked by clients and colleagues what he thinks about something and trying, with them, to work up structures or strategies achieving a desired result at the lowest sensible cost/ tax-hit/ risk.  He travels within Europe and beyond (Arabian Gulf, South East Asia, Southern Africa) to see clients and contacts face to face and says working with people he has met is always preferable to hiding behind email and telephone for client contact!

Rufus was educated at Reading School, Wadham College Oxford and Chester College of Law, qualifying as a solicitor in 1988.

Outside the office Rufus has a full and active life with commitments to two Christian Churches, family (wife and three now adult children), RBS Rugby Football Club (for whom he plays as a second row forward) and RBS Lawn Bowls Club which is more suited to his age.

020 7406 1000 - RufusBallaster@cartercamerons.com

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