Our fees 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 (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
£0-£200,000 | £200,001-£500,000 | £500,001-£1million | £1million+ | ||
---|---|---|---|---|---|
Legal fee *(excluding VAT) | £ | 795.00 | 895.00 | 995.00 | 1500.00+ |
Search fees** | £ | 400.00 | 400.00 | 400.00 | 400.00 |
HM Land Registry fee | £ | 100.00 | 150.00 | 295.00 | 500.00 |
Electronic money transfer fee (excluding VAT) | £ | 35.00 | 35.00 | 35.00 | 35.00 |
Identification Seach per person | £ | 17.94 | 17.94 | 17.94 | 17.94 |
VAT payable | £ | 166.00 | 186.00 | 206.00 | 307.00+ |
Estimated total | £ | 1513.94 | 1683.94 | 1948.94 | 2759.94+ |
If you have been referred to us by a business introducer, for example a mortgage broker or an estate agent, there may be a referral fee payable in addition to the above fees. The business introducer will receive this fee and we will arrange payment on your behalf. We will advise you of this if it is applicable to your transaction.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
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 here.
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. The average process takes between 8-10 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8-10 weeks to exchange. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.
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 include:
* Our fee assumes that:
** Searches - this is an estimate of the cost of the searches as the cost of the Local Authority search varies from each local authority.
Our fees cover all 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 (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.
£0-£200,000 | £200,001-£500,000 | £500,001-£1million | £1million+ | ||
---|---|---|---|---|---|
Legal fee *(excluding VAT) | £ | 995.00 | 1395.00 | 1495.00 | 1895.00+ |
Additional Leasehold legal fee (excluding VAT) | £ | 200.00 | 200.00 | 200.00 | 200.00 |
Search fees** | £ | 400.00 | 400.00 | 400.00 | 400.00 |
HM Land Registry fee | £ | 100.00 | 150.00 | 195.00 | 500.00 |
Electronic money transfer fee (excluding VAT) | £ | 35.00 | 35.00 | 35.00 | 35.00 |
Identification Search per person | £ | 17.94 | 17.94 | 17.94 | 17.94 |
VAT payable | £ | 199.00 | 279.00 | 299.00 | 379.00 |
Estimated total | £ | 1946.94 | 2476.94 | 2641.94 | 3426.94 |
If you have been referred to us by a business introducer, for example a mortgage broker or an estate agent, there may be a referral fee payable in addition to the above fees. The business introducer will receive this fee and we will arrange payment on your behalf. We will advise you of this if it is applicable to your transaction.
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.
(These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.)
You should also be aware that 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.
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.
The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
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. The average process takes between 10-12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 4-6 weeks to exchange. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 4 and 6 months. In such, a situation additional charges would apply.
* Our fee assumes that:
** Searches - this is an estimate of the cost of the searches as the cost of the Local Authority search varies from each local authority.