Pricing for Purchase of a residential property both Freehold and Leasehold

The pricing detailed below is an estimate only. It is not intended to be a binding quotation. Each case is different and we will agree our charges with you at the outset of the case.

In most cases our costs will include:

(a)    Our profit costs; and

(b)   Disbursements – these are costs related to your matter that are payable to third parties, such as searches and land registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process;

Our profit costs

Set out below are the costs for purchasing a residential property

These figures may however vary depending on the circumstances of the case. That is why we will always give you an individual costs estimate at the start of the transaction which will take into account the individual circumstances of your matter.

Due to the Building Safety Act 2022 the sale and purchase of a flat is a lot more complex therefore if you are purchasing a flat there will be an additional fee of £1,000 plus VAT (at 20%). If there is a lender involved a further £500 plus VAT will be charged.

Our costs are based on the amount of time we spend working on your case. Our hourly rate for this type of work is £190 - £250 per hour plus VAT (at 20%).

Examples of factors that could make a case more complex:

• if legal title is defective or part of the property is unregistered
• if you discover building regulations or planning permission has not been obtained
• if crucial documents you have previously requested from the client have not been provided
• sale or purchase of a flat / apartment

Disbursements

In all cases there will be disbursements. Some examples are:

• Search fees £225.00 (inclusive of vat)
• ID & Verification Checks £14.40 (inclusive of vat)
• Pre-completion Searches £8.80 (inclusive of vat)
• Bank Transfer Fee £36.00 (inclusive of vat)
• Land Registration Fee variable depending on the value of the property

Anticipated Additional Disbursements for a leasehold property. These fees are provided by the landlord / management company for the property and can be difficult to estimate *

• Notice of Transfer fee
• Notice of Charge fee (if the property is to be mortgaged)
• Deed of Covenant fee
• Certificate of Compliance fee.

*These fees vary from property. 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 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..

In every case we will tell you the proposed disbursement and the cost before it is incurred.

Our fee assumes that:

1. 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
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 complication arise
4. all parties to the transaction are co-operative 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.

Key stages

The fees set out above cover all of the work in relation to the following 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 solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer with you
• Send final contract to you for signature
• Draft Transfer
• Advise you on joint ownership
• Agree 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 payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will your matter 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 10 - 12 weeks.

Who will carry out the work on your case?

Our experienced property team have been awarded membership of the Law Society's Conveyancing Quality Scheme (CQS) - the mark of excellence for the home buying process.

If you are buying or selling, you need to ensure that the person representing your interests is an experienced property specialist.  

Our team is headed up by Lorraine Stratton-Webb and supported by John Parker, Caroline Rimmer, Ged McNamara and Darren Rich.

Click the links below to see their profile 

Lorraine Stratton-Webb
Caroline Rimmer
John Parker
Ged McNamara
Darren Rich