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||£700||£140||£840|
|£100,001 to £150,000||£750||£150||£900|
|£150,001 to £200,000||£775||£155||£930|
|£200,001 to £250,000||£800||£160||£960|
|£250,001 to £300,000||£900||£180||£1080|
|£300,001 to £350,000||£975||£195||£1170|
|£350,001 to £400,000||£1000||£200||£1200|
|£400,001 to £450,000||£1100||£220||£1320|
|£450,001 to £500,000||£1125||£225||£1350|
|£500,001 to £600,000||£1175||£235||£1410|
|£600,001 to £700,000||£1350||£270||£1620|
|£700,001 to £800,000||£1500||£300||£1800|
|£800,001 to £900,000||£1650||£330||£1980|
|£900,001 to £1,000,000||£1750||£350||£2100|
|Over £1,000,000||Price on Application|
There will be an additional charge of £200 plus VAT if you are purchasing a property with the assistance of a residential mortgage
There will be an additional charge of £350 plus VAT where you are purchasing a property with an Equity Loan supporting a Government Help to Buy Equity Loan or £50 for an Armed Forces Loan.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The usual disbursements incurred in a purchase are:
Total Estimated Disbursements: £533
Here is an example of the costs of a purchase at £250,000 with no mortgage:
Estimated total fees and disbursements: £1493 including VAT
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
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.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
* Our fee assumes that: