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Continue readingThank you for looking at our property services. Whether you are a first-time buyer or a property portfolio owner, we are here to take the stress out of buying a property.
Costs
We typically work on a fixed fee basis, so that from the outset you know what the fees and costs will be for your transaction. If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward. This would typically occur if you changed your instructions, or your case involves an unforeseen complexity.
Purchase costs for Freehold and Leasehold
Our fees cover all the standard work required to complete the purchase of your new property, 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, or Land Transaction Tax (Land Tax) if the property is in Wales.
VAT, currently 20%, will be payable on all our fees and some disbursements, and we will clearly confirm which disbursements carry VAT in our formal quotation or as we advise you to incur them.
Additional Fees (as applicable)
| Item | Amount | VAT | Subtotal |
|---|---|---|---|
| Conveyancing Fees | |||
| Up to £500,000
£500,001 – £900,000 £900,001 – £1.25 million Over £1.25 million |
£1850
£2150 £2450 0.25% + £1000 |
£370
£430 £490 TBC |
£2200
£2580 £2940 TBC |
| Other Fees if applicable
Land Registry Search & due diligence Up to Two individuals Additional charges per individual Company / non individual Electronic money transfer fee (per transfer) Filling SDLT Return |
100 50 250 45
150 |
20 10 50 9
30 |
20 60 300 54
180 |
| Acting for Lender
High Street mortgage lenders mortgage up to £400,000 mortgage £400,001 – £750,000 mortgage £750,001 – £1.25 million mortgage above £1.25 million |
£300 £450 £550 £750 |
£60 £90 £110 £150 |
£360 £540 £660 £900 |
| Specialist lenders
mortgage up to £400,000 mortgage £400,001 – £750,000 mortgage £750,001 – £1.25 million mortgage above £1.25 million |
£450 £600 £750 £900 |
£90 £120 £150 £180 |
£540 £720 £900 £1080 |
| Additional Fees (as applicable)
New Build property Registration of additional charge Assignment of an agreement for purchase Unregistered Land Dealing with Bankruptcy entries Administering retention Auction purchase |
£550 £150 £550 £850 £250 £150 £550 |
£110 £30 £110 £170 £50 £30 £110 |
£660 £180 £660 £1020 £300 £180 £660 |
| For Leasehold only
Leasehold Fee New Lease if applicable Extension of lease / Deed of variation |
£350 £550 £950 |
£70 £110 £190 |
£420 £660 £1140 |
Third Party Charges / Disbursements
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. We will only charge you the actual amount we pay out to third parties and there will be no additional charge on it.
| Item | Amount |
|---|---|
| HM Land Registry Fee | As per HMLR Fee table
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees |
| Stamp Duty | As per HMRC’s website |
| Searches (subject to VAT)
Other leasehold fees (notice fees, deed of covenant fees, compliance fees etc) |
As per third party bills
TBC if applicable |