The legal costs relating to the sale or purchase of a property vary depending on the nature of the transaction, type of property being sold and the actual sale or purchase price.

Example Purchase transaction

Our fees start at £450.00 plus VAT and cover the work required to complete the purchase of your new home as detailed under Stages of the Process below, 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.  The actual fee payable on a specific transaction will depend on the purchase price of the property.

Legal Fees (based on a purchase price of £250,000.00)                                                             

£600.00 + VAT

The following additional Fees may also apply depending on the individual transaction:-

 

Charge for work involved in acting for each Lender (if you are having a mortgage(s))       

£150.00 + VAT

Charge for work involved in acting for an Agent under The Help to Buy Scheme

£500.00 + VAT

Charge for work involved in requesting Bonus funds from a Help to Buy ISA Scheme 

£50.00 + VAT

Charge for the additional work involved in a New Build purchase

£175.00 + VAT

Charge for additional work involved in liaising with a freehold property Management Company

£175.00 + VAT

Charge for additional work for each Lease on a leasehold Property

£295.00 + VAT

Charge for additional work involved in liaising with a Lenders Solicitors, where they are separately represented

£250.00 + VAT

Telegraphic Transfer for sending funds on completion 

£40.00 +VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as searches and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process and these include:-

Search fees – these vary depending on the location of the property as the local search fee is set by the Council in whose area the property is located:-

  • Local Search – usually between £126.00 and £220.00 including VAT but can be more for London properties
  • Water & Drainage search – approximately £51.00 including VAT
  • Environmental search – approximately £61.20 including VAT
  • Flood search - approximately £30.00 including VAT
  • Energy and Infrastructure Search – approximately £30.00 including VAT
  • Mining Search - approximately £57.00 including VAT
  • Land Charges search £2.00 per person/name
  • Land Registry Priority search £3.00 per title number

HM Land Registry Registration fee  - between £20.00 and £910.00

This is based on the purchase price of your property and also depends on whether the property has a registered or unregistered title or is a Plot purchase. You can calculate the amount due by using the Land Registry’s website https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees

Stamp Duty or Land Tax

This depends on the purchase price of your property and whether you qualify for any relief or are subject to a surcharge. You can ascertain  the amount you will need to pay by referring to: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

If the property is located in Wales you can use the Welsh Revenue’s website calculator: https://beta.gov.wales/land-transaction-tax-calculator

If you are purchasing a leasehold property, there are certain disbursements which will be referred to in the individual lease relating to the Property. The disbursements which we anticipate will apply for a leasehold property 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.

  • Notice of Transfer fee – This fee if chargeable is referred to in the lease. Often the fee is between £50.00 - £150.00.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is often specified  in the lease. If not, it is set by the Landlord/management company/managing agent and is usually  between £50.00 and £150.00.
  • Deed of Covenant fee – This fee is set by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £250.00.
  • Certificate of Compliance fee - To be confirmed upon receipt of the leasehold management pack, and can range between £30.00 – £100.00.

You should also be aware that ground rent and service charges 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 process

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Our fee assumes that:

  • this is a standard transaction relating to a registered title and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  • this is the assignment of an existing lease and is not the grant of a new lease
  • the transaction is concluded in a timely manner and no unforeseen complication arise
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Examples of our additional fixed legal costs for dealing with unforeseen matters that might arise during a purchase transaction are as follows:-

Deed of Covenant (prepared)

£50 plus VAT

Deed of Covenant (not prepared) 

£150 plus VAT

Removal of Registered Caution

£100 plus VAT

Drafting or approval of Standard Assured Shorthold Tenancy agreement

£250 plus VAT

Mutual Deed of Covenant – Flying Freehold   

£250 plus VAT

Transfer of Business Loan Facility/Overdraft 

£250 plus VAT

Deed of Easement (Grant Rights)

£250 plus VAT

Statutory Declaration for Title Rectification   

£100 plus VAT

Voluntary First Registration of Title for Sale                                                                      

£150 plus VAT

Electronic transmission of money outside UK                                                                     

£60 plus VAT (each)

Researching and setting up a Title Repair/Title Indemnity Policy

£25 plus VAT

Setting up cover under our Chancel Repair Block Policy                                                     

£10.00 plus VAT

Key Undertaking                                                                                                              

£75 plus VAT

Deed of Grant or Variation                                                                                                

£395 plus VAT

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. 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 buying a leasehold property, this can take longer, between 10 and 16 weeks.

Please contact us for an estimate based on your specific transaction 

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