PROPERTY PURCHASE
Basis for 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.
The fees listed are our average fee ranges for a purchase transaction. The fee (including additional fees and disbursements) may vary depending on the scope of the instruction, your solicitor’s experience and location, the property price and the nature of work we are required to do.
Legal Fee -
- Low complexity – from £800 to £1,500 (VAT from £160 - £300)
- Mid complexity – from £1,500 to £4,000 (VAT from £300 - £800)
- High complexity – in excess of £4,000 (certain high-value or highly complex transactions could cost up to £100,000) (VAT from £800 upward)
VAT - We are required to charge VAT. VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT.
Other Additional Fees (If applicable to your transaction):
- Leasehold: £150 - £300 (+20% VAT of £20 - £60)
- Help To Buy: £100 - £500 (+20% VAT of £20 - £100)
- Help To Buy ISA: £50 (+20% VAT of £10)
- Telegraphic Transfer: £40.00 + VAT (+20% VAT of £8)
- SDLT Admin: £50 - £125 (+20% VAT of £10 - £25)
- Acting For Lender: £200 - £500 (+20% VAT of £40 - £100)
- Administering Gifted Deposit - from a third party: £95 - £295 (+20% VAT of £19 - £59)
- Administration for Applying Unilateral Notice - with the Land Registry: £50 (+20% VAT of £10)
- Update to External Portals: £35 - £95 (+20% VAT of £7 - £19)
- Limited Company Purchase: £250 (+20% VAT of £50)
- ID/AML Checks: £30 + VAT per person (+20% VAT of £6)
- Pre-Completion Searches: £49.00 + VAT (+20% VAT of £9.80)
- Searches fees - £250 + VAT (+20% VAT of £50.00)
Referral fee (if any) – We may pay average referral fee of £150. This fee will vary depending on the source of the instruction.
Stamp Duty/Land Tax (SDLT) – Payment of SDLT 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.
Our service includes:
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Take your instructions and give you initial advice.
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Check finances are in place to fund purchase and contact lender's solicitors if needed.
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Receive and advise on contract documents.
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Carry out searches.
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Obtain further planning documentation if required.
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Make any necessary enquiries of seller's solicitor.
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Give you advice on all documents and information received.
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Go through conditions of mortgage offer with you.
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Send final contract to you for signature.
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Agree completion date (date from which you own the property).
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Exchange contracts and notify you that this has happened.
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Arrange for all monies needed to be received from lender and you.
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Complete purchase.
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Deal with payment of Stamp Duty/Land Tax.
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Deal with application for registration at Land Registry.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, we have indicated some key stages below which you need to be aware of:
- Take your instructions and give you initial advice.
- Check finances are in place to fund purchase and contact lender's solicitors if needed (if not acting for lender)
- Request, review and advise on contract documents and title deeds
- Carry out searches and review results
- Obtain further planning documentation if required
- Make any necessary enquiries of seller's solicitor.
- Go through conditions of mortgage offer with you.
- Prepare a report on title for the lender, if acting for lender as well.
- Prepare a property report advising on all the documents received, advice on SDLT liabilities and also provide our recommendations.
- Send final contract, TR1, mortgage deed (where applicable) etc for signing/execution.
- Agree exchange/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 filing of Stamp Duty Land Tax (SDLT) returns and payment of SDLT.
- Deal with application for registration at Land Registry.
PROPERTY SALE
Basis for fees - Our fees cover all of the work required to complete the sale of your home.
VAT - VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT. The fees listed are our average fee ranges for a sale transaction. The fee (including additional fees and disbursements) may vary depending on the source of the instruction, your solicitor’s experience and location, the property price and what work we are required to do.
Legal Fee -
- Low complexity – from £800 to £1,500 (VAT from £160 - £300)
- Mid complexity – from £1,500 to £4,000 (VAT from £300 - £800)
- High complexity – in excess of £4,000 (certain high-value or highly complex transactions could cost up to £100,000) (VAT from £800 upward)
Other Additional Fees (If applicable to your transaction):
- Leasehold: £150 - £300 (VAT from £30 - £60)
- Telegraphic Transfer: (£40 + VAT £8)
- Limited Company Sale: £250 (+20% VAT of £50)
- ID/AML Checks: £30 per person
- Office Copies: £20
Referral fee (if any) – We may pay average referral fee of £150. This fee will vary depending on the source of the instruction
Disbursements (third party costs) - Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). We handle the payment of the disbursements on your behalf to ensure a smooth process. Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:
- If the property is leasehold;
- If there is a referral fee;
- If you wish for us to expedite your transaction;
- If we cannot meet you in person and will need to complete an electronic ID check;
- If you are a non-UK resident.
Our Services Include:
- Take your instructions and give you initial advice;
- Check finances are in place to fund any related purchase (if applicable);
- Respond to any pre contract enquiries;
- Obtain a copy of the Title and prepare a contract to send to purchasers Solicitors;
- Collate information on fixtures and fittings and send to purchasers Solicitors;
- Respond to any raised enquiries;
- Receive transfer and arrange signature with you;
- Arrange an exchange and completion date;
- Obtain redemption statement from any relevant Lender to settle any outstanding amount on the mortgage;
- Transfer any remaining money from sale to the seller.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, we have indicated some key stages below which you need to be aware of: