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.

Conveyancer's fees and disbursements based on a property price of £250,000:

Legal fee £950.00
Electronic money transfer fee (includes £23 bank fee) £35.00
VAT £197.00
Subtotal £1182.00

Disbursements

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.

HM Land Registry fee: £150.00
Search fees: £183.00

ID Checks £11.25 (per person)
VAT on search fees £38.85
Subtotal: £383.10

Anticipated Disbursements*

• Notice of Transfer fee. This fee if chargeable is set out in the lease. Often the fee is between £60.00-£200.00.

• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £60.00-£200.00

• 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 £150.00 and £300.00.

• Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £60.00 - £250.00.
  
  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.

• Stamp Duty Land Tax - 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.

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 10-13 weeks from us receiving contract papers from the seller’s solicitors (not from your offer being accepted). It can be quicker or slower, depending on the parties in the chain.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below are some of the key stages:

• 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/landlord/management company

• Give you advice on all documents and information received normally provided in a document known as a ‘Report on Title’

• Go through conditions of your mortgage offer

• Send final contract to you for signature

• Draft Transfer and Deed of Covenant if required

• Advise you on joint ownership

• Obtain pre-completion searches

• Agree completion date (date from which you own the property)

• Obtain your deposit from you

• Exchange contracts and notify you that this has happened

• Arrange for the balance of monies needed to be received from lender and you

• Complete purchase

• Deal with payment of Stamp Duty/Land Tax

• Serve relevant notices of transfer/charge on landlord/management company

• Deal with application for registration at Land Registry