Purchase of a Leasehold Residential Property 
Conveyancing fees
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 Stamp Duty Land Tax in England, (Stamp Duty), or Land Transaction Tax in Wales (Land Tax).
All our prices quoted are exclusive of VAT
Value of Transaction Conveyancing fees
- £0.00 to £100,000 £1,025.00
- £100,000 to £150,000 £1,050.00
- £150,000 to £200,000 £1,075.00
- £200,000 to £250,000 £1,150.00
- £250,000 to £300,000 £1,250.00
- £300,000 to £350,000 £1,325.00
- £350,000 to £400,000 £1,400.00
- £400,000 to £450,000 £1,475.00
- £450,000 to £500,000 £1,550.00
- Over £500,000 – To be advised upon request for quote
Other Potential Fees:
Additional legal fees of £250.00 would be added for the following: –
- Help to Buy Purchase
- Shared Ownership Purchase
We charge the sum of £35.00 for each Electronic Transfer of Funds (CHAPS/TT)
Disbursements on a Purchase of a leasehold residential property
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.
Search Fees of approximately £300.00 (Dependent upon Local Authority)
Land Registry Fees as per value of the property (Please see Scale Two Fees)
No Search Indemnity Policy (To be advised based on the lender and value of the property)
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 term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.
The following is a list of anticipated disbursements, however, such disbursements can vary from property to property and on occasion can be significantly more expensive than anticipated.
Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50.00 and £100.00 (plus VAT).
Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00 and £100.00 (plus VAT).
Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £150.00 (plus VAT).
Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100.00 and £150.00 (plus VAT).
We can provide you with an accurate figure once we have sight of your specific documents.
The services included in our fees cover the following key stages:
- Taking your initial instructions and ensuring you have the funds to proceed;
- We request the contract papers from the seller’s Solicitor;
- We undertake the Local Search;
- We consider the contract and any accompanying documents sent to us by the Sellers;
- We raise any enquiries about the property and deal with the contract terms and matters of ownership of the property;
- We “progress chase” regularly any outstanding paperwork and report to you periodically and in particular should there be problems;
- We provide the contract and preliminary documentation to you with a written report upon them and advise and obtain your signature to the contract and seek the deposit from you;
- We exchange contracts with the Seller’s Solicitors;
- We prepare the document to transfer ownership to you and have it approved by the seller’s Solicitors;
- We obtain your signature to the transfer document;
- We send you the mortgage documents and advise upon their content and request and receive the mortgage monies from your lender;
- We undertake the Land Registry and Bankruptcy Searches;
- We complete the purchase and pay over the purchase money by a single Bank transfer of funds;
- We complete the Stamp Duty Land Tax Return and send this to the Inland Revenue with the Tax payable;
- We register your ownership of the property at the Land Registry;
- We notify the owner of the reversion of the change of ownership and, if the Lease requires the Mortgage to your Lender, and
- We send to your Lender any deeds they wish to retain passing to you any other documents for you to keep.
How long will my Purchase of a leasehold residential property take?
The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances.
We estimate between 12-15 weeks for leasehold properties. These types of properties are dependent on information from third parties such as management companies and as such we have no control on how quickly they will respond to enquiries raised or provide management company information. The estimate is based on all parties being ready to proceed and there are no extenuating circumstances that would hold up the process or prevent others or us in the chain from proceeding within this reasonable time scale.
The process may be quicker or slower, depending upon any chain.
Please note that our fees are exclusive of VAT and assumes that:
- It 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;
- It 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 complication arise;
- All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation, and
- No indemnity policies are required. Additional costs and disbursements may apply if indemnity policies are required.