Purchase of a freehold residential property
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.
Conveyancer's fees and disbursements
Please note that VAT is charged at the standard rate of 20%.
| Our Legal Costs | |
| Property Band | Legal Fee |
| Up to £500,00 | £995 + VAT |
| £500,001 - £750,000 | £1,295.00 + VAT |
| £750,001 - £1,000,000 | £1,495.00 |
| £1,000,001 - £1,500,000 = | £1,795 + VAT |
| £1,500,000 - £2,000,000 | £2,250 + VAT |
| £2,000,001+ | 0.125% of sale, purchase price or remortgage value + VAT |
| Professional Charges | Fee |
| Leasehold supplement | £295 + VAT |
| New build supplement | £495 + VAT |
| Help to Buy | £395 + VAT |
| Shared ownership | £395 + VAT |
| Help to Buy ISA | £60 + VAT |
| Lifetime ISA | £150 + VAT |
| Bank charges | £35 + VAT |
| Completion of SDLT tax return | £195 + VAT |
| Gifted deposit | £150 + VAT |
| Mortgagees legal costs | £195 + VAT |
| Arranging indemnity insurance (per indemnity) | £75 + VAT ( if applicable) |
| ID check (per person) | £35 + VAT |
| Disbursements | Fee |
| Bankruptcy search ( per person) | £4.00 |
| Search pack | £250.00 |
| Land Registry search | £6.00 |
| Office copy entries | £12.00 |
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.
Stamp Duty or Land Tax (on purchase)
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 here.
We strongly advise you use the HMRC stamp duty tax calculator to ensure you have the funds to secure the property you're after.
How long will my house purchase take?
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 10-14 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 less time compared to if you are buying a propery, with multiple buyers or properties within the chain, this can take significantly longer, between 3 and 8 months.
Stages of the process
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:
- 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
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry