COSTS IN Buying A Property

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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.

• Legal fee

Purchase Price   Our Costs

£0.00 - £100,000                 £1250.00 plus £250.00 VAT

£200,001 - £300,000        £1500.00 plus £300.00 VAT

£300,001 - £350,000        £1750.00 plus £350.00 VAT

£350,001 - £400,000        £2000.00 plus £400.00 VAT

£400,001 - £500,000        £2250.00 plus £450.00 VAT

£500,001 - £600,00           £2500.00 plus £500.00 VAT

£600,001 - £750,000        £2750.00 plus £550.00 VAT

Over £750,001                      0.5% of purchase price plus VAT

• Leasehold Fee £250.00 plus £50.00 VAT
• Stamp Duty Administration Completion Fee (Plus  VAT) £100.00 plus VAT £20.00 
• Electronic money transfer fee £50.00 plus VAT £10.00

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. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

Disbursement Cost

Local, Environmental, Drainage and Chancel Searches£250.00 (please note that all searches MAY NOT be applicable to your transactions)

Coal Authority Search (if applicable)£40.00

Land Registry Fee:   (online fees)

Property Price up to £80,000   £20.00
£80,001 to £100,000                £40.00
£100,001 to £200,000              £100.00
£200,001 to £500,000              £150.00
£500,001 to £1,000,000.00   £295.00

£1,000,001.00 and over            £500.00

Land Registry Search - £3.00

Bankruptcy Search £2.00 (per person)

I.D. Check £42.00 including VAT N/A (per person) 

Money Laundering check - to be assessed based on your circumstances and your financial affairs 

Stamp Duty or Land Tax

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

* Our fee assumes that:

1. this is a standard transaction 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
2. this is the assignment of an existing lease and is not the grant of a new lease
3. the  transaction is concluded in a timely manner and no unforeseen complication  arise
4. all  parties to the transaction are co-operative and there is no unreasonable  delay from third parties providing documentation
5. no indemnity policies are required. Additional disbursements may apply if      indemnity policies are required.

• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50.00- £350.00.
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00- £350.00.
• Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £75.00 - £250.00.
• Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £75.00 - £250.00.

*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.

Draft quote for costs for a £100,000.00 residential leasehold purchase 

Conveyancer's fees and disbursements

• Legal fee £1250.00 plus £250.00 VAT 
• Leasehold Fee £250.00 plus £50.00 VAT
• Stamp Duty Administration Completion Fee (Plus  VAT) £100.00 plus VAT £20.00 
• Electronic money transfer fee £50.00 plus VAT £10.00
• I.D. Check £42.00 including VAT N/A (per person)

Sub Total - £2022.00

Disbursements

• Search fees £250.00
• HM Land Registry fee £40.00
• Land Registry Search - £3.00
• Subtotal £293.00

Estimated total (excluding Stamp Duty or Land Tax – see below): £2315.00

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.

OUR FEES

Purchase Price   Our Costs

£0.00 - £100,000                 £900.00 plus £180.00 VAT

£200,001 - £300,000        £1000.00 plus £200.00 VAT

£300,001 - £350,000        £1200.00 plus £240.00 VAT

£350,001 - £400,000        £1500.00 plus £300.00 VAT

£400,001 - £500,000        £1750.00 plus £350.00 VAT

£500,001 - £600,00           £2000.00 plus £400.00 VAT

£600,001 - £750,000        £2500.00 plus £500.00 VAT

Over £750,001                      0.5% of purchase price plus VAT

• Leasehold Fee £250.00 plus £50.00 VAT
• Stamp Duty Administration Completion Fee (Plus  VAT) £100.00 plus VAT £20.00 
• Electronic money transfer fee £50.00 plus VAT £10.00

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. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

Disbursement Cost

Local, Environmental, Drainage and Chancel Searches£250.00 (please note that all searches MAY NOT be applicable to your transactions)

Coal Authority Search (if applicable)£40.00

Land Registry Fee:   (online fees)
Property Price up to £80,000   £20.00
£80,001 to £100,000                £40.00
£100,001 to £200,000              £100.00
£200,001 to £500,000              £150.00
£500,001 to £1,000,000.00   £295.00

£1,000,001.00 and over            £500.000

Stamp Duty or Land Tax

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

Draft quote for a £100,000.00 residential freehold purchase 

Conveyancer's fees and disbursements

• Legal fee £900.00 plus £180.00 VAT 
• Stamp Duty Administration Completion Fee (Plus  VAT) £100.00 plus VAT £20.00 
• Electronic money transfer fee £50.00 plus VAT £10.00
• I.D. Check £42.00 including VAT N/A (per person)

Sub Total - £1302.00

Disbursements

• Search fees £250.00
• HM Land Registry fee £40.00
• Land Registry Search - £3.00
• Subtotal £293.00

Estimated total (excluding Stamp Duty or Land Tax – see below): £1595.00