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Top property lawyers

Vardags Property Department is made up of an elite team of the best property lawyers who act for clients in buying, selling, and mortgaging luxury houses and flats in London and beyond.

Led by the superb James Bunker, the team acts for high- and ultra-high net worth clients from around the world, delivering a discreet, bespoke, and premium property service that consistently delivers the best results for their clients. James is renowned in the industry for his unparalleled drive and enthusiasm in acting for individuals, trustees, and corporations.

We typically work on transactions for properties valued £2m-£25m+. Many of our clients are high profile or have property portfolios worth tens or hundreds of millions.

If you want the best deal on a property, it is essential to have the best support from the outset. Vardags substantial experience is supported by James Bunkers network of the best industry contacts, ensuring our clients receive the highest level of service.

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Sales and Purchases

Vardags is a premium law firm representing high and ultra-high net worth individuals. We provide a Director-led service which is specifically tailored to each client’s individual circumstances and needs. Our lawyers are experts on the law and the property market, and are first-class negotiators. They are dedicated, proactive and efficient.

We understand that our clients want us to get the deal done, and we deliver.

Our Team

James Bunker, Director and Supervisor 

Nistha Jeram-Dave, Solicitor

Krystyna Burnett, Chartered Surveyor

The team is also assisted by trainee solicitors who normally spend 3-6 months in the employment department as part of their general training.

Our fees

As our clients receive a truly bespoke service, giving precise information on the level of our costs can often be challenging. The cost of every transaction depends on various factors, including: the circumstances and requirements of our clients; the complexity of our instructions; the nature of the property and the transaction; the value of the property; the nature of our dealings with any third parties involved; the levels of experience of the lawyers involved; and the time they spend.

The following provides an approximate guide to our estimated fees when we act on a standard purchase or a standard sale of either a freehold or leasehold property. All prices are exclusive of VAT (currently 20%).

Sale/Purchase Price

Freehold Legal Fees

Leasehold Legal Fees

Up to £2m

£2,000 to £4,000

£2,500 to £4,500

£2m – £4m

£4,000 to £6,000

£4,500 to £6,500

£4m - £5m

£6,000 to £7,000

£6,500 to £7,500

£5m+

0.15% up to £5m

plus

0.125% above £5m

0.15% up to £5m

plus

0.125% above £5m

 

The above guide assumes that:

  1. the matter is standard and no unforeseen matters arise (e.g. a defect in title is discovered which requires remedying prior to completion or the preparation of additional documents);
  2. the transaction is concluded in a timely manner and no unforeseen complications arise; and
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.

Disbursements

Disbursements are costs related to your matter that are payable to third parties and which are in addition to our fees above. We handle the payment of the disbursements on your behalf to ensure a smoother process. The following provides a guide to the approximate cost of the usual disbursements incurred in a standard sale or purchase of a freehold or leasehold property.

Disbursement

Purchase

Sale

HM Land Registry Title Documents

£3-10 per document

£3-£10 per document

HM Land Registry Priority Search

£3 per title

N/A

HM Land Registry Bankruptcy Search

£3 per name

N/A

Property Searches

£300 - £500 (+VAT)

N/A

Planning documents

£10-12 per document

£10-12 per document

Land Registration Fee

£20 - £910 (depending on property value)

N/A

Telegraphic Transfer Fee

£20 (+VAT)

£20 (+VAT)

Indemnity Insurance Policy

Various

Various

 

If the property is leasehold, there may be additional disbursements arising from the terms of the lease. We will be able to provide you further information on such disbursements once we have had sight of the documents and made necessary enquiries. However, the following provides a guide to the likely costs of the most frequently encountered leasehold-specific disbursements.

Disbursement

Purchase

Sale

Landlord/Managing Agent Enquiries

N/A

£300 - £500 (+VAT)

Licence to Assign

N/A

£250 - £1,000 (+VAT)

Deed of Covenant

£250

N/A

Notice of Transfer

£75 (+VAT)

N/A

Notice of Charge

£75 (+VAT)

N/A

Share Transfer Registration

£100 (+VAT)

N/A

Certificate of Compliance

£75 (+VAT)

N/A

 

These costs vary from property to property and can on occasion be significantly more than the amounts given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that, where the property is leasehold, ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty or Land Tax (on purchase) 

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.

Stages of the buying process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to note:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain relevant planning documentation
  • Make enquiries of the seller and other relevant bodies
  • Give you advice on all documents and information received
  • Advise you on joint ownership
  • Go through conditions of mortgage offer with you
  • Negotiate contract and send to you for signature
  • Exchange contracts
  • Draft Transfer
  • Obtain pre-completion searches
  • Arrange for all monies needed to be received from you and your mortgage lender
  • Complete the purchase
  • Deal with payment of Stamp Duty Land Tax
  • Deal with registration at Land Registry
  • Serve notice of transfer and charge on the landlord
  • Deal with registration of any share in freehold or management company

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. A typical transaction can often take between 2-3 months but can be quicker or slower, depending on the requirements of the parties involved.

Mortgaging pricing information

Vardags is a premium law firm representing high and ultra-high net worth individuals and mortgage lenders. We provide a Director-lead service which is specifically tailored to meet each client’s individual circumstances and needs.  Our lawyers are dedicated, proactive and efficient.

We understand that our clients want us to get the deal done, and we deliver.

Our fees

As our clients receive a truly bespoke service, giving precise information on the level of our costs can often be challenging. The cost of every transaction depends on various factors, including: the circumstances and requirements of our clients; the complexity of our instructions; the nature of the property; the value of the loan; the nature of our dealings with any third parties involved; the levels of experience of the lawyers involved; and the time they spend.

The following provides an approximate guide to our estimated fees when we act for a borrower on a standard mortgage of a freehold or leasehold property. All prices are exclusive of VAT (currently 20%).

 

Loan Amount

Freehold Legal Fees

Leasehold Legal Fees

Up to £1m

£1,000 to £1,500

£1,250 to £1,750

£1m - £2m

£1,500 to £2,500

£1,750 to £2,250

£2m – £3m

£2,000 to £3,000

£2,250 to £3,250

£3m - £4m

£3,000 to £4,000

£3,250 to £4,250

£4m - £5m

£4,000 to £5,000

£4,250 to £5,000

£5m+

0.1% up to £5m

plus

0.075% above £5m

0.1% up to £5m

plus

0.075 % above £5m

 

The above guide assumes that:

  1. the matter is standard and no unforeseen matters arise (e.g. a defect in title is discovered which requires remedying prior to completion or the preparation of additional documents);
  2. the transaction is concluded in a timely manner and no unforeseen complications arise; and
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties.

Disbursements

Disbursements are costs related to your matter that are payable to third parties and which are in addition to our fees above. We handle the payment of the disbursements on your behalf to ensure a smoother process. The following provides a guide to the approximate cost of the usual disbursements incurred in a standard mortgage of a freehold or leasehold property.

 

Disbursement

Freehold

Leasehold

HM Land Registry Title Documents

£3-10 per document

£3-£10 per document

HM Land Registry Priority Search

£3 per title

£3 per title

HM Land Registry Bankruptcy Search

£3 per name

£3 per name

Property Searches

£300 - £500 (+VAT)

£300 - £500 (+VAT)

Land Registration Fee

£20 - £125 (depending on loan amount)

£20 - £125 (depending on loan amount)

Telegraphic Transfer Fee

£20 (+VAT)

£20 (+VAT)

Indemnity Insurance Policy

Various

Various

Independent Legal Advice

£250-750 (+VAT)

£250-750 (+VAT)

 

If the property is leasehold, there may be additional disbursements arising from the terms of the lease. We will be able to provide you further information on such disbursements once we have had sight of the documents and made necessary enquiries. However, the following provides a guide to the likely costs of the most frequently encountered leasehold-specific disbursements.

 

Disbursement

Leasehold

Landlord/Managing Agent Enquiries

£250 - £500

Notice of Charge

£75 (+VAT)

Certificate of Compliance

£75 (+VAT)

 

These costs vary from property to property and can on occasion be significantly more than the amounts given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that, where the property is leasehold, ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stages of the mortgaging process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to note:

  • Take your instructions and give you initial advice
  • Request a redemption statement from existing mortgage lender
  • Carry out searches
  • Obtain relevant planning documentation
  • Make any necessary enquiries
  • Go through conditions of mortgage offer with you
  • Prepare the mortgage deed and arrange for you to sign it
  • Obtain pre-completion searches
  • Report to your new mortgage lender
  • Drawdown your new mortgage
  • Redeem your existing mortgage
  • Deal with registration formalities at the Land Registry
  • Serve notice of charge on your landlord

How long will my mortgage take?

How long it will take depends on various factors including: the speed it takes for your mortgage offer to be issued and the time it takes for searches to be received and enquiries answered. A typical transaction can often take between 3-6 weeks but can be quicker or slower, depending on the circumstances.

Example Financial Statement

Remortgage of A Freehold House

All figures GBP 

New Mortgage Loan Amount   1,000,000
 Minus    
Redemption of Existing Mortgage 750,000  
Land Registration Fee 60  
Title Documents 6  
Property Searches 600  
Priority Search 3  
Bankruptcy Search 3  
Vardags Fees (incl. VAT) 1,800  
Telegraphic Transfer Fee 24 752,496
Balance Due to You   247,504



Is Vardags Right For You?

We offer a free consultation to qualifying individuals. Please call our confidential enquiry line on 020 7404 9390. Lines are staffed 24 hours.

When you contact us a member of our client relations team will take the full details of your situation, assess whether we can assist you, and if so, determine the best team for your case. 

| WHEN YOU NEED TO WIN

OUR Property TEAM

James Bunker

Director - Head of Property James Bunker
“James is superb and he always delivers the speed, efficiency and service level our clients expect.” 
Jo Eccles, Managing Director, SP Property Group

Krystyna Burnett

Property Specialist Krystyna Burnett
“The advice and level of service it offers is unparalleled” 
Legal 500

Nistha Jeram-Dave

Property Specialist Nistha Jeram-Dave
“The advice and level of service it offers is unparalleled” 
Legal 500
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