Thank 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 and selling a leasehold property.
We will guide you through each step of your transaction, tailoring our service to fit your requirements, so you can have complete peace of mind that every detail has been properly handled. Where necessary, we can also recommend other professionals such as Surveyors, IFA’s and property valuers, and other property related businesses and trades, giving you access to all the expertise you need.
At a time where money really matters, we take care to provide a high quality, value-for-money service you can rely on. We will keep you regularly advised of every detail you need to know so you can make informed decisions and conclude your leasehold property transaction promptly and with the minimum possible stress and hassle.
We have an experienced team who understand the intricacies of property transactions and the stress involved in buying your property. Our approach is simple – we provide a first-class service from our expert team who will understand your needs and make the difference by interacting with all relevant parties, taking the stress away from you and progressing the matter quickly.
We know that communication is key, especially when dealing with the complex issues that can sometimes be involved in the purchase of a leasehold property. Our team are made up of qualified and experienced Solicitors and Licenced Conveyancers who have the legal and technical “know how” to resolve issues as they arise in a professional and efficient manner, but also have the people skills to ensure you are kept informed of everything you need to know in plain English.
You will have the confidence that you are our priority, with our aim being that a member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have.
We realise that a property purchase may well be the biggest investment of your life and we not only want to provide the first-class service you deserve, but also real value for money with no hidden fees.
We are proud to hold CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain the highest levels of client care.
We know how important cost is when deciding who to use for conveyancing, so we review our fees on a regular basis, taking into account clients’ feedback, so we can make sure we always offer great value.
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.
Our fees are set out as:
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.
| Item | Amount | VAT | Subtotal |
|---|---|---|---|
| Conveyancing Fees* | |||
| Up to £500,000
£500,001 – £900,000 £900,001 – £1.25 million Over £1.25 million |
£1600
£1850 £2100 0.1% + £850 |
£320
£370 £420 TBC |
£1920
£2220 £2520 TBC |
| Fee for acting on behalf of the mortgage lender (usual) | £225 | £45 | £270 |
| Specialist lenders | £350 | £70 | £420 |
| HMLR Search, Documents fees & due diligence | £100 | £20 | £120 |
| Electronic money transfer fee (per transfer) | £45 | £9 | £54 |
| Fee for filing SDLT Return | £150 | £30 | £180 |
| Additional Leasehold Fee | £300 | £60 | £360 |
The final quote will depend on the value and location of the property and the complexity of the transaction. We would warn you that there are some charges made by others which we will not be able to ascertain until we are instructed and make the necessary enquiries.
Note: if the lender is not standard bank/building society, but specialist lenders or the loan value is over £600,000, the fee for Acting for Lender will be higher.
* For properties with a value in excess of £900k, our average pricing ranges from £1,500 to £1,800 plus VAT (£1,800 – £2,100 Inc. VAT) which is dependent on the final value and complexity, and we will provide a final quotation within this range when we have obtained the necessary information from you. For properties over £1.25 million, we typically charge on a percentage basis which is 0.1% of purchase price/sale price plus £500 plus VAT. All other fees will remain the same irrespective of value of property.
** For residential property purchases using a corporate vehicle (purchasing a residential property through a Limited company) there is a supplemental fee of £250.00 plus VAT (£300.00 Inc. VAT) plus £22.20 companies house filing fee. This is due to company’s house registration requirements and additional documents required for lending purposes.
Our average fees assume that:
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.
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 term of the lease. We will update you on specific fees upon receipt and review of the lease and management information from the seller’s solicitors.
| Item | Amount | VAT | Subtotal |
|---|---|---|---|
| HM Land Registry Fee | As per HMLR Fee table based on price | ||
| Searches (Subject to VAT) | We would be required to carry our various searches in your purchase or in some cases remortgage transactions. Searches are usually provided by local authorities, utility providers (such as Thames Water) and other private search companies. Searches are usually subject to VAT. For example, a residential search pack which includes a local authority search, drainage search and environmental search would be approximately between £250.00 – £370.00 inclusive of VAT. |
For land registry fees please see : https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Anticipated Disbursements for Leasehold Property Purchase*
| Item | Amount | VAT | Subtotal |
|---|---|---|---|
| Notice of Transfer fee, this fee if chargeable is set out in the lease. Often the fee is: between £50 to £90 + vat | £50 – £90 | £10 – £18 | £60 – £108 |
| Notice of Charge fee (if the property is to be mortgaged), this fee is set out in the lease. Often the fee is: between £50 to £90 + vat | £50 – £90 | £10 – £18 | £60 – £108 |
| Deed of Covenant fee, this fee is provided by the management company for the property and can be difficult to estimate. Often the fee is: between £150 to £300 plus vat but can be more or less. | £150 to £300 plus vat | £30 -£60 | £180 – £360 |
| Certificate of Compliance fee – to be confirm upon receipt of the lease, as the range can be between £100 to £300 | £150 to £300 plus vat | £30 -£60 | £180 – £360 |
* These fees vary from property to property and can on occasions be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.
This depends on the purchase price of your property. 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.
The estimated Grand Total of the transaction will be confirmed in your client care documents
We do not undertake tax advice.
Our fees are fixed however, there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include:
For any transaction, the timescales are subject to change depending on when your offer is accepted and other factors involved. The average process takes between 6 to 8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, purchase of a registered title with no changes to property and with mortgage agreed in principle could take 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 to 6 months or more. In such, a situation additional charges would apply.
Our fee assumes that:
With every transaction, there are key milestones, which may vary according to individual circumstances. They may be as follows:
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