Skip to content

COVID-19

Our team are fully operational and here to help. We can advise/represent you by telephone, email, video call or face to face in essential circumstances.

Contact us on 0191 232 9547

Close

How can we help?

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Our fees: Purchase of a freehold residential property

Please note our fees are subject to VAT, this tax is set by the UK government and is currently 20%.

Purchase of a freehold residential property

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.

                                  Senior Solicitor/Conveyancer  Solicitor/Conveyancer
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

Example

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

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  
Item Amount VAT Total
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

Example

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):

Legal Fees £700.00
VAT £140.00
Disbursements:

 

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

http://landregistry.data.gov.uk/fees-calculator.html

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 will my house purchase take?

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:

  • Taking your instructions and give you initial advice
  • Checking finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receiving and advising on contract documents
  • Carrying out searches
  • Obtaining further planning documentation if required
  • Making any necessary enquiries of seller’s solicitor
  • Giving you advice on all documents and information received
  • Going through conditions of any mortgage offer with you
  • Sending final contract to you for signature
  • Agreeing completion date (date from which you own the property)
  • Exchanging contracts and notifying you that this has happened
  • Arranging for all monies needed to be received from lender and you
  • Completing the purchase
  • Dealing with payment of Stamp Duty/Land Tax
  • Dealing with an application for registration at Land Registry

 * Assumptions:

  1. this 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
  2. the transaction is concluded in a timely manner and no unforeseen complication arise
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  4. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

* Extra fees (not included in the above quote) may be added if any of the following apply to your case:

  • electronic money transfer fee (£24 including VAT)
  • first registration of title
  • whether a mortgage or not, or Islamic mortgage
  • in purchase cases, whether primary residence, buy to let or second/holiday home
  • multiple owners
  • shared ownership scheme
  • using a help to buy scheme, and whether it is an equity loan or ISA
  • purchase under right to buy
  • purchase at auction
  • property has been repossessed

Property work will be undertaken by our property team displayed below, all team members are supervised by Cliff Veitch.

Our Team

Cliff Veitch

Cliff Veitch

Partner

Anne Austin

Anne Austin

Solicitor

Nicola Fisher

Nicola Fisher

Solicitor

Matthew Smith

Matthew Smith

Solicitor

Andrew Tague

Andrew Tague

Solicitor

Eleanor Pullen

Solicitor

Pierrette Tshibuyi

Pierrette Tshibuyi

Trainee Solicitor

Kay Potts

Kay Potts

Conveyancer

Search the site

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt