Coventry
Kenilworth
“With our team, you’re
safe as houses”
Our fees cover all 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 is in Wales.
Leasehold purchase price | Our fee | VAT | Total of our fee + VAT |
Less than £300,000 | £1445 – £1760 | £289 – £352 | £1734 – £2112 |
£300,001 to £500,000 | £1760 – £2030 | £352 – £406 | £2112 – £2436 |
£500,001 to £800,000 | £2030 – £2320 | £406 – £464 | £2436 – £2784 |
£800,001 and over | £2320+ | £464+ | £2784+ |
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:
Further disbursements (set out below) may apply depending on the terms contained in the lease. The amount of the fees vary from property to property and can be significantly more than the ranges given below. We will be able to update you on the specific fees on receipt and review of the lease from the seller’s solicitors. However, they are likely to be:
You should also be aware that ground rent and/or service charges may apply throughout your ownership of the property which can change – if not fixed. We will confirm the ground rent and the anticipated service charge as soon as we receive this information from the seller’s solicitors. However, you can ask for this information to be provided by the estate agent.
The precise stages involved in the purchase of a leasehold 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 work to extend the Lease, approve any Lease extension or grant of a new Lease; dealing with any retentions; any unforeseen matters or complexity such as, but not limited to, 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 or defects in the Lease, 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.
This is not an exhaustive list and does not include all possible exclusions. Examples of additional fees for common items of non-standard work are listed here.
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 10 and 20 weeks. It can be quicker or slower, depending on the parties in the chain. For example, as you are buying a leasehold property, if it requires an extension or variation of the lease, this can take significantly longer, between 2 and 6 months. In such a situation additional charges would apply.