Property Prices

Purchase of residential property freehold and leasehold

Our fees cover all 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

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the terms of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Residential Sale Freehold and Leasehold Estimated Fee

Our fee for dealing with a normal conveyancing property sale is:

Sale Price	Our Legal Fees (Freehold)	Our Legal Fees (Leasehold)
£0 - £250,000	£650	£700
£251,000 - £500,000	£750	£800
£501,000 - £999,000	£950	£1,000
£1,000,000+	0.15% - 0.175%	0.15% - 0.175%

Please note VAT will be added to our legal fees

If there are charges/ mortgage over the property you are selling we charge an additional fee of £125 plus VAT per mortgage assuming the mortgage is with a high street lender. This includes:

Obtaining a redemption statement
Transferring the redemption amount to the Lender on completion
Obtaining discharge documents and sending to the Buyer’s solicitors following completion

Likely Disbursements

(These are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process)

Land Registry Title Documents (Freehold) £6 each (no VAT)
Land Registry Title Documents (Leasehold) £6 (no VAT)
Copy Lease £3.00 if it is available electronically or £12 if the land registry need to manually process this
Acquiring any planning permission documents – price depends on the individual local authority

Potential Additional Disbursements

n Leasehold matters we may also need to pay a fee to the Landlords Solicitors or Agents in respect of providing replies to Standard Leasehold Enquiries of the Landlord. This cost varies from one property to the next, depending on the fees confirmed in the Lease/ agreed with the landlord. We will advise you of this cost, however this usually ranges between £100 – £250 plus VAT.

You should note that these disbursements can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate indication of costs once we have had sight of the specific documents. Other disbursements may apply depending on the terms of your Lease.

You should note that for all new clients of the firm, we will conduct an electronic ID search for Anti Money Laundering compliance. The administrative fee for arranging these checks is £15 plus VAT. If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending the proceeds of sale to you on completion, the cost of this and the amount we pay to the bank for the transfer is £25 plus VAT per transfer.

Average Timescales

How long it will take from you accepting the buyer(s) offer to completing the sale will depend on various factors. The average process takes between 5 to 7 weeks to exchange, and a further one or two weeks before completion, dependent on all parties involved being agreeable to the completion date. The process can also be quicker or slower, depending on any parties in the chain. Leasehold matters often take longer due to the additional parties involved in the transaction, including landlords/ managing agents/ companies.

As Part of Our Professional Service we will:

Take initial instructions from you and provide you any initial advice, according to the terms of your sale
Acquire title documents from the Land Registry and prepare the contract pack
Provide you guidance if needed on the initial property information forms for the property you are selling
Draft your sale contract and issue to the buyer’s solicitors
Take your instructions and respond to any enquiries raised by your Buyer’s solicitors
Send you the final contract and arrange for you to sign in readiness for exchange of contracts
Agree a completion date
Exchange Contracts and notify you that exchange has taken place
Approve the Transfer Deed from the Buyer’s solicitors and send to you for signature and witnessing
Request your Estate Agents Commission invoice for settlement upon completion
Complete your transaction and send you the proceeds of sale once all fees and balances due have been settled
Send executed transfer to the Buyer’s solicitors
In relation to leasehold properties we will also
Obtain a copy of your Lease from the Land Registry/ you
Advise on service charge and ground rent as per the lease
Contact the Landlord/ Managing Agent for replies to Standard Leasehold Enquiries and raise any specific enquiries raised by the Buyer’s solicitors to the Landlord or their agents
Advise you of any additional costs required pursuant to the Lease in respect of landlord/ managing agents/ management company involved, as appropriate