|Property Value||Estimated Fee||VAT||Total|
|Up to 100,000||875||175||1050|
|Up to 150,000||925||185||1110|
|Up to 200,000||1000||200||1200|
|Up to 250,000||1050||210||1260|
|Up to 300,000||1150||230||1380|
|Up to 350,000||1225||245||1470|
|Up to 400,000||1250||250||1500|
|Up to 450,000||1315||263||1578|
|Up to 500,000||1375||275||1650|
|Up to 600,000||1415||283||1698|
|Up to 700,000||1515||303||1818|
|Up to 800,000||1615||323||1938|
|Up to 900,000||1715||343||2058|
|Up to 1,000,000||1815||363||2178|
Our fees cover all of the work required to complete the purchase of your new home, including registration at the Land Registry and 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.
Buying a flat for £140,000
|Our Fee (Acting as your lender)||125|
|Land Registry (Estimated)||100|
Here are some frequently asked questions
How long will my property purchase take?
There are many factors involved with the timescale of a leasehold purchase. The average process takes between 8-12 weeks. This can vary based on all parties in the chain.
What does the fee assume?
Our fee assumes that:
- This is a standard transaction, and 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 complications arise.
- All parties to the transaction are cooperative 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.
- The seller’s property is already registered at the Land Registry. If not, additional charges will apply.
What is the process?
The precise stages involved in purchasing a leasehold property vary according to the circumstances. However, set below we have set out some of the key stages:
- 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 conveyancer
- Give you advice on all documents and information received
- Go through the conditions of the mortgage offer with you
- See you so that you can sign the final contract
- Draft Transfer
- Advise you on joint ownership
- Obtain pre-completion searches
- Agree on completion date (the date on which you will 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