Our fees cover all of the standard work required to complete the purchase of the 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 you wish to buy is in Wales.
|Freehold purchase price||Our fee||VAT||Total of our fee + VAT|
|Less than £300,000||£845 – £1170||£169 – £234||£1014 – £1404|
|£300,001 to £500,000||£1070 – £1495||£214 – £299||£1284 – £1794|
|£500,001 to £800,000||£1395 – £1845||£279 – £369||£1674 – £2214|
|£800,001 and over||£1745+||£349+||£2094+|
These are payments which are additional costs that are payable to third parties.
We handle the payment of the disbursements on your behalf to ensure a smoother process.
The disbursements you may have to pay are:
The precise stages involved in the purchase of a freehold registered residential property vary according to the circumstances. However, below are the key stages generally included in the fees quoted for standard work.
Standard work does not include checking unregistered titles and preparing applications for first registration; buy to let purchases; new build properties; shared ownership purchases; staircasing; purchase by a company; auction repossessions; purchase from a Trustee in Bankruptcy; any additional charges, second mortgages, Islamic mortgages or charging orders; gifted deposits; Help to Buy Equity Mortgages; dealing with third party solicitors acting for a lender; applying for a Help to Buy ISA bonus; any unforeseen matters or complexity such as, but not limited to, flying freeholds, deeds of covenant or compliance with rent charges, listed buildings, more than one piece of land or title, compliance with restrictions on the register, resolving or suggesting ways to resolve any title defect, arranging or approving indemnity insurance policies for any defects found, additional documents ancillary to the main transaction such as, but not limited to, a declaration of trust between joint owners, and any other unusual features.
Standard work assumes all parties are co-operative and there is no unreasonable delay by third parties providing documentation.
How long it will take from your offer being accepted until you can complete the purchase will depend on a number of factors. The average process takes between 8 and 16 weeks. However, it can be quicker or slower, depending on the parties in the chain, how long the chain is and whether any of the parties need a mortgage. If you have any dates in mind these can be discussed at an early stage but cannot be guaranteed.