Our Fees

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.

Typical fees for a property worth £150,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £300,000 – All fees are subject to VAT at the current rate

Typical fees for a property worth £500,000 – All fees are subject to VAT at the current rate

Please note the above fees are calculated based a standard transaction, the legal fee can vary dependant on location and the expertise required to facilitate the transaction. If the property price is in excess of £500,000.00 our fee will be calculated as a percentage of the property price at 0.3%.

Our fee assume 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. The above guide is given on the basis that the transaction is concluded in a timely manner and no unforeseen complication arise. We assume all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation and no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Example of a Purchase at £150,000 excluding Stamp Duty Land Tax:

*A referral fee will be paid by us to the Referrer, which you will be advised in our Engagement letter.

**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.

***Search fees vary from area to area. Please contact us on 0113 284 5000 for a detailed quote.

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.

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 6-10 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 to exchange, however, the completion date will depend entirely on the stage of the build of the property. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below is a list of the most likely key stages

• Taking instructions and providing initial advice
• Checking finances are in place to fund purchase and contacting lender’s solicitors if needed
• Advising on contract documents
• Carrying out searches
• Obtaining further planning documentation if required
• Making any necessary enquiries of seller’s solicitor
• Providing you with advice on all documents and information received
• Going through conditions of mortgage offer with you
• Sending the final contract to you for signature
• Agreeing completion date (date from which you own the property)
• Exchanging contracts and notifying you that this has happened
• Arranging for all monies needed to be received from lender and you
• Completing the purchase
• Dealing with payment of Stamp Duty/Land Tax
• Dealing with application for registration at Land Registry

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.

Typical fees for a property worth £150,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £300,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £500,000 (All fees are subject to VAT at the current rate).

Please note the above fees are calculated based a standard leasehold transaction, the legal fee can vary dependant on location and the expertise required to facilitate the transaction. If the property price is in excess of £500,000.00 our fee will be calculated as a percentage of the property price at 0.3%.

Our fee assume 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. The above guide is given on the basis that the transaction is concluded in a timely manner and no unforeseen complication arise.  We assume all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation and no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

*A referral fee will be paid by us to the Referrer, which you will be advised in our Engagement letter.

**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. 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.

***Search fees vary from area to area. Please contact us on 0113 284 5000 for a detailed quote.

Anticipated Disbursements****

• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between 50.00 – £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 £50.00 – £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 £50.00 – £200.00.
• Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50 – £200.00

****These fees vary from property to property as the prices are set by the Management Company, who we have no control over 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.

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.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below is a list of the most common key stages

• Taking instructions and providing initial advice
• Checking finances are in place to fund purchase and contacting lender’s solicitors if needed
• Advising on contract documents
• Carrying out searches
• Obtaining further planning documentation if required
• Making any necessary enquiries of seller’s solicitor
• Providing you with advice on all documents and information received
• Going through conditions of mortgage offer with you
• Sending the final contract to you for signature
• Drafting Transfer
• Advising you on joint ownership
• Obtaining pre-completion searches
• Agreeing completion date (date from which you own the property)
• Exchanging contracts and notifying you that this has happened
• Arranging for all monies needed to be received from lender and you
• Completing your purchase
• Dealing with payment of Stamp Duty/Land Tax
• Dealing with application for registration at Land Registry

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 6-10 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 to exchange, however, the completion date will depend entirely on the stage of the build of the property. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

Our fees cover all of the work required to complete the sale of your home.

Typical fees for a property worth £150,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £300,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £500,000 (All fees are subject to VAT at the current rate).

Please note the above fees are calculated based a standard transaction, the legal fee can vary dependant on location and the expertise required to facilitate the transaction. If the property price is in excess of £500,000.00 our fee will be calculated as a percentage of the property price at 0.3%.

Example of a Sale at £150,000 including redemption of one residential mortgage:

Please note that if you have mortgages to discharge or restrictions to be complied with this may incur additional fees, which you would be advised of in advanced.

*A referral fee will be paid by us to the Referrer, which you will be advised in our Engagement letter.

Our fees cover all of the work required to complete the sale of your home

Typical fees for a property worth £150,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £300,000 (All fees are subject to VAT at the current rate).

Typical fees for a property worth £500,000 (All fees are subject to VAT at the current rate).

Please note that if you have mortgages to discharge or restrictions to be complied with this may incur additional fees, which you would be advised of in advanced. If the property price is in excess of £500,000.00 our fee will be calculated as a percentage of the property price at 0.3%.

*A referral fee will be paid by us to the Referrer, which you will be advised in our Engagement letter.

How long will my house sale take?

It is difficult at the outset to predict how long this case will take to conclude as a number different factors can affect this, however, an average timescale is 6-8 weeks for freehold transactions, or if the property is shared ownership or leasehold the timescale would be approximately 12-16 weeks.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below is a list of the most likely key stages

• Drafting and negotiating the contract and transfer, etc.
• Deducing title to the purchaser’s solicitors
  Replying to usual enquiries raised by the purchaser’s solicitor
• Correspondence and telephone calls with yourself, your agent and the purchaser’s solicitor
• When agreed and where possible, exchanging contracts and completing the transfer, etc.
• Dealing with the transfer of funds between the relevant parties
• Where you have a charge on the property, it will be necessary to deal with the discharge of the charge

Typical fees (All fees are subject to VAT at the current rate).

If the property price is in excess of £250,000 our fee will be calculated as a percentage of the property price at 0.3%.

*A referral fee will be paid by us to the Referrer, which you will be advised in our Engagement letter.

**Dependant on the value of the property.

Timescales

It is difficult at the outset to predict how long your case will take to conclude as a number different factors can affect this, however, an average timescale for a Re-mortgage transaction is 2 months. We would inform you of any developments that may mean that your transaction might not be concluded within that timescale.

Example of a remortgage at £150,000 including redemption of one residential mortgage: