Buying a Property
Our expertise covers all facets of residential property law, including insights into various types of searches when purchasing a new home. We tailor our advice to the specific area you're buying in, recommending searches that best suit your needs. Whether it's a freehold or leasehold property, our team thoroughly advises on the title to ensure a comprehensive understanding. Additionally:
- We work with all major mortgage lenders.
- Catering to a diverse clientele, from first-time buyers to professional investors.
- Offering clear guidance on all property types, including intricate leasehold properties.
- Our Conveyancing Solicitors provide a service tailored to your needs, diligently working to meet your timelines.
Recognising the stress that often accompanies property transactions, our team goes the extra mile to simplify residential property law for you. We prioritise a personal approach to ensure a smoother experience.
Fees
Our fees are inclusive of all the necessary tasks mentioned in the 'stages of the process' section below, that must be performed to complete the purchase of your new home. These tasks comprise registering the property at the Land Registry and managing the payment of Stamp Duty Land Tax (for properties in England) or Land Transaction Tax (for properties in Wales). The fixed fees are determined based on the value or price of the property.
| Property Price | Fees | VAT | Total |
|---|---|---|---|
| £0 - £179,999 | £750 | £150 | £900 |
| £180,000 - £249,999 | £850 | £170 | £1020 |
| £250,000 – £299,999 | £950 | £190 | £1140 |
| £300,000 - £349,999 | £1050 | £210 | £1260 |
| £350,000 - £449,999 | £1150 | £230 | £1380 |
| £450,000 - £649,999 | £1250 | £250 | £1500 |
| £650,000 - £999,999 | £1350 | £270 | £1620 |
- New Build Properties - Further £200 plus VAT on each of the above fixed fees.
- Leasehold - Further £150 plus VAT on the above fixed fees.
Additional Fees
In some cases, additional fees are chargeable.
| Fee | Cost | VAT | Total |
|---|---|---|---|
| Help To Buy ISA | £50 | £10 | £60 |
| Government Help to Buy Scheme | £250 | £50 | £300 |
| Purchasing Under Auction Conditions | £200 | £40 | £240 |
| Buying Residential Property Through a Business | £250 | £50 | £300 |
| Living Spaces Referrals | £100 | £20 | £120 |
| Shared Ownership | £200 | £40 | £240 |
| Gifted Deposits | £75 | £15 | £90 |
| LISA Help to Buy | £150 | £30 | £180 |
| SDLT Admin Fee | £45 | £9 | £54 |
| Admin Fee for investigation of source of funds outside the EU/UK | £100 | £20 | £120 |
| ID Verification & Funds Fee (Per Name) | £26 | Not Applicable | £26 |
Disbursements
Disbursements are costs related to your legal matter that are payable to third parties, such as search fees. To make the process smoother, we handle the payment of these disbursements on your behalf. The lease relating to the Property will set out certain disbursements. However, the list of disbursements we anticipate may not be exhaustive, and other disbursements may apply depending on the term of the lease or where it is situated.
| Fee | Cost | VAT | Total |
|---|---|---|---|
| Search Fees (Standard - Until 1st April 2024) | £292.40 | Included | £292.40 |
| HM Land Registry Fee (Varied based on property price) | £100 | Not Applicable | £100 |
| Land Registry Search | £4.20 | Not Applicable | £4.20 |
| Land Registry Submission Fee | £6 | Not Applicable | £6 |
| Bankruptcy Searches (Per Buyer) | £3.20 | Not Applicable | £3.20 |
| Stamp Duty Return Fee | £54 | Included | £54 |
| Mortgage Lender Panel Fee (Where Applicable) | £30 | Included | £30 |
