How can we help?
Please note our fees are subject to VAT, this tax is set by the UK government and is currently 20%.
Our fixed fees cover all of the work* outlined in the ‘stages of the process’ text below, these steps are what is 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, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Our fixed fees are based on the price or value of the property as set out in the table below and are also based on the level of person dealing with your case. You can select a senior person to handle your case if would prefer to have someone with a higher level of experience and qualification.
|Property price:||Our fee||VAT||Total||Our Fee||VAT||Total|
|Up to £179,999||£800||£160||£960||£700||£140||£840|
|Up to £200,000||£850||£170||£1020||£745||£149||£894|
|Up to £250,000||£895||£179||£1074||£795||£159||£954|
|Up to £350,000||£920||£184||£1104||£845||£169||£1014|
|Up to £450,000||£970||£194||£1164||£870||£174||£1044|
|Up to £550,000||£1000||£200||£1200||£900||£180||£1080|
|Up to £650,000||£1050||£210||£1260||£950||£190||£1140|
|Over £650,000||Min: 1200 +VAT
Max: £3000 + VAT.
On average:£ £1500 + VAT
To purchase a property for £150,000 our fees would be £800 excluding VAT for a senior Solicitor/Conveyancer to carry out the work, and £700 excluding VAT for another Solicitor/Conveyancer.
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 type of property or where it is situated e.g. if the property is in Darras Hall a pack will need to be obtained from the Darras Hall Committee detailing further information about the property).
Sometimes we may pay a referral fee on your behalf. We will always inform you in writing what this fee is. A typical fee is £120.
In certain circumstances additional fees are chargeable which are outlined below:
|Extra fees charged in property matters|
|You are using ISA Help to Buy Purchase||£50.00||£10.00||£60.00|
|Government Help to Buy Scheme Purchase||£200.00||£40.00||£240.00|
|Purchasing under auction conditions||£100.00||£20.00||£120.00|
|Buying residential property through a business/company||£200.00||£40.00||£240.00|
|Buying a new build but NOT using government help to buy||£200.00||£40.00||£240.00|
|Formal referrals Sales & Purchases||£100.00||£20.00||£120.00|
|Shared Ownership Sales & Purchases||£100.00||£20.00||£120.00|
|Using Funds/gifted deposits within EU P||£100.00||£20.00||£120.00|
|Mortgages with Paragon Bank||£1000.00||£200.00||£1,200.00|
To purchase a freehold property at £150,000 with the option of a non-senior Solicitor/Conveyancer, the following will apply (including no extra fees as set out above or referral fees):
|Search fees (standard package)||£150.60||Including VAT|
|HM Land Registry fee||£95.00||This is based upon the property value or price paid and is shown at
VAT is not applicable
|Land Registry search||£3.00||VAT is not applicable|
|Bankruptcy searches||£2.00||(per buyer) VAT is not applicable|
|Stamp duty return fee||£48.00||Including VAT|
|Mortgage lender panel fee||£12.00||(not always applicable) Including VAT|
|Total||£1150.60||Please note this does not include Stamp Duty or additional leasehold disbursements (discussed below)|
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property and your personal circumstances. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors, many of which are out of our control. The average process takes between 8-12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 12 weeks.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. Our work usually includes the following:
* Extra fees (not included in the above quote) may be added if any of the following apply to your case:
Property work will be undertaken by our property team displayed below, all team members are supervised by Cliff Veitch.
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