| Description | Value/Amount of Property (£) | Freehold Property Fixed Price Legal Fees | Leasehold Property Fixed Price Legal Fees |
|---|---|---|---|
| Purchase | Up To £150,000 | £795.00 + VAT | £895.00 + VAT |
| Purchase | £150,001 To £250,000 | £895.00 + VAT | £995.00 + VAT |
| Purchase | £250,001 To £350,000 | £950.00 + VAT | £1050.00 + VAT |
| Purchase | £350,001 To £500.000 | £1200.00 + VAT | £1300.00 + VAT |
| Purchase | £5000,001 To £750,000 | £1300.00 + VAT | £1400.00 + VAT |
| Purchase Over | £750,001 To 1 million | £1600.00 + VAT | £1700.00 + VAT |
VAT charged at 20%
Our Fixed Price Legal fees set out above cover all of the work required to complete the purchase of your new home including 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 and registering the property title at HM Land Registry but additional fees and disbursements maybe incurred depending on the type of property. These can include:
Leasehold Flat/Apartment £100.00 + vat (£120.00 inclusive of vat)
Stamp Duty Land Tax (SDLT) Return £50.00 + vat (£60.00 inclusive of vat)
ID Check - £12.50 + vat (£15.00 inclusive of vat) per purchaser
Electronic Money Transfer Fee - £30.00 + vat (£36.00 inclusive of vat)
HM Land Registry Searches per search (estimated) - £3.00 + vat (£3.60 inclusive of vat)
Bankruptcy Searches (per person) - £2.00 + vat (£2.40 inclusive of vat)
Local Searches (including Drainage, Water & Environmental Searches) - £131.00 inclusive of vat*
Coal Mining Search - £39.00 inclusive of vat*
Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
*When purchasing with the assistance of a mortgage, we are required to apply for a Local Drainage and Water search. The requirement for a Coal Mining will depend on the location of the property.
Estimated Total (Freehold Property under £150,000) £1241.00
(Excluding Stamp Duty & HMLR Registration Fee – see below)
Estimated Total (Leasehold Property under £150,000) £1361.00
(Excluding Stamp Duty & HMLR Registration Fee – see below)
HM Land Registry charge a Land Registry Fee to register the property on completion of your purchase and their charge is dependent on the purchase price of the property and the nature of the application and charges range from £20.00 to £1105.00. The accurate cost will be confirmed when we have full details of the property you intend to purchase.
If the purchase property is leasehold, 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 we receive this information.
Stamp Duty Land Tax maybe payable depending 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.
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 8 – 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 be quicker. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation additional charges would apply. We will update you on the specific charges upon receipt and review of the lease.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, here are some key stages in the process:
Our fixed price legal fees assumes that:
If you would like a personal quote, please click on the “Get a Quote” link and we will contact you to obtain further details of your specific purchase transaction to provide a detailed individual quote.