Purchase of a Leasehold Property

Property ValueEstimated FeeVATTotal
Up to 100,0001,0752151,290
Up to 150,0001,1252251,350
Up to 200,0001,2002401,440
Up to 250,0001,2502501,500
Up to 300,0001,3502701,620
Up to 350,0001,4252851,710
Up to 400,0001,4502901,740
Up to 450,0001,5153031,818
Up to 500,0001,5753151,890
Up to 600,0001,6153231,938
Up to 700,0001,7153432,058
Up to 800,0001,8153632,178
Up to 900,0001,9153832,298
Up to 1,000,0002,0154032,418
Please note: These fees are a guide – conveyancing fees vary from property to property and can, on occasion, be significantly greater than this guide. If you are buying with the aid of a mortgage, there will be an additional charge of £200 plus VAT for acting on the behalf of your lender.

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.

Example Costs

Buying a flat for £200,000

Our Fee1200
Our Fee (Acting as your lender)200
Bank Charges30
Land Registry (Estimated)100
Searches (Estimated)380


Additional fees, payable to a third party, handled by us.

Standard Disbursements are:

Anticipated Leasehold Disbursements are:

  • Notice of Transfer fee £50-100
  • Notice of Charge fee £50-100
  • Deed of Covenant fee, set by the management company – often between £40 and £150
  • Certificate of Compliance fee £20-80

These fees vary from property to property. Contact us to get an accurate figure.

Stamp Duty

This depends on the purchase price of the property. Click below to calculate how much tax you would have to pay.

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:

  1. 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.
  2. This is the assignment of an existing lease and is not the grant of a new lease
  3. The transaction is concluded in a timely manner, and no unforeseen complications arise.
  4. All parties to the transaction are cooperative and there is no unreasonable delay from third parties providing documentation.
  5. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  6. 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:

  1. Take your instructions and give you initial advice
  2. Check finances are in place to fund purchase and contact lender’s solicitors if needed
  3. Receive and advise on contract documents
  4. Carry out searches
  5. Obtain further planning documentation if required
  6. Make any necessary enquiries of seller’s conveyancer
  7. Give you advice on all documents and information received
  8. Go through the conditions of the mortgage offer with you
  9. See you so that you can sign the final contract
  10. Draft Transfer
  11. Advise you on joint ownership
  12. Obtain pre-completion searches
  13. Agree on completion date (the date on which you will own the property)
  14. Exchange contracts and notify you that this has happened
  15. Arrange for all monies needed to be received from lender and you
  16. Complete purchase
  17. Deal with payment of Stamp Duty/Land Tax
  18. Deal with application for registration at Land Registry