Our team has over 200 years’ combined experience in assisting clients with all types of residential property transactions
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.
|Property Price Range||Estimated Fee||VAT||Total|
|Up to £100,000||£850||£170||£1020|
|£100,001 to £150,000||£900||£180||£1080|
|£150,001 to £200,000||£925||£185||£1100|
|£200,001 to £250,000||£950||£190||£1140|
|£250,001 to £300,000||£1050||£210||£1260|
|£300,001 to £350,000||£1125||£225||£1350|
|£350,001 to £400,000||£1150||£230||£1380|
|£400,001 to £450,000||£1250||£250||£1500|
|£450,001 to £500,000||£1275||£255||£1530|
|£500,001 to £600,000||£1325||£265||£1590|
|£600,001 to £700,000||£1500||£300||£1800|
|£700,001 to £800,000||£1650||£330||£1980|
|£800,001 to £900,000||£1800||£360||£2160|
|£900,001 to £1,000,000||£1900||£380||£2280|
|Over £1,000,000||Price on Application|
There will be an additional charge of £200 plus VAT of £40, total £240 if you are purchasing a property with the assistance of a mortgage.
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.
** The above leasehold 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 and confirmation from the Managing Agent. 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 we receive this information.
Here is an example of the costs of a purchase at £250,000 with a mortgage and a Deed of Covenant fee on behalf of the Landlord:
Estimated fees and disbursements total: £2093
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website https://beta.gov.wales/land-transaction-tax-calculator
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 for the house being accepted until you can move into it will depend on a number of factors. The average process takes between 14 and 16 weeks.
It can be quicker or slower, depending on the number and approach of the parties in the chain. For example, if you are a first time buyer, purchasing a vacant property with a mortgage in principle, it could take 6 – 8 weeks.
However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such a situation, additional charges would apply.
* Our fee assumes that: