Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry but does not include 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 or the fee for acting for your Lender.
Legal fee £899.00 plus VAT
Fee for acting on behalf of the mortgage lender £195.00 plus VAT (if you want us to act for your new mortgage lender only)
Stamp Duty Land Tax return fee £80.00 plus VAT
Electronic money transfer fee £35 plus VAT (each transfer
Disbursements or costs related to your matter that are payable to third parties.
We handle the payment of the disbursements on your behalf to ensure a smoother process.
Land Registry Searches £30 (No VAT payable)
Search fees £224 – £248 (including VAT) which includes Regulated Local Authority Search, Drainage & Water Report, Homescreen, Planning and ChancelCheck Screening Report but this might increase if other searches are necessary depending on the area in which the property is situated.
Other Disburstments payable to third parties.
Stamp Duty or Land Tax (on purchase) 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 here.
Land Registry fee depends on the purchase price of your property. You can calculate the amount you will need to pay by using HM Land Registry Online Fee Calculator.
Estimated total £1,498
VAT @ 20% £248.80
Please note other fees such as Land Registry fees, Stamp Duty or Land Tax are payable and we cannot give an estimated fee as these fees depend on the purchase price of your property but we provide a breakdown of all foreseeable costs on individual basis.
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 4-8 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 4-6 weeks.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. The stages will be discussed in our Client Care Letter. Our Client care Letter will only be issued once we are formally instructed. However, before instructions you can always ask for an appointment to discuss briefly about Stages of Process at free of charges.
* Our fee assumes that:
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, 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.
If you wish to use an online quote calculator for residential conveyancing. Below is list of things you may wish to consider if you use an online quote calculator for conveyancing matters. You could, if you wish, build questions to find out the following information:
- value of the property
- first-time buyer
- freehold or leasehold
- new build
- first registration of title
- whether a mortgage or not, or Islamic mortgage
- in purchase cases, whether primary residence, buy to let or second/holiday home multiple owners shared ownership scheme
- using a help to buy scheme, and whether it is an equity loan or ISA
- purchase under right to buy
- purchase at auction
- property has been repossessed
NB: This list is not intended to be exhaustive. The important point is that the information you request should generate the total cost. Please note that any disbursements (save for SDLT/LTT) should be included in the total cost quoted to consumers.
LEASEHOLD RESIDENTIAL PURCHASE
Our fees cover all of the work required to complete the purchase of your new leasehold home, including dealing with registration at the Land Registry but does not include 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 or the fee for acting for your Lender.