Coronavirus / COVID19 information
Our offices will be closed to the public from Monday the 23rd of March onwards as a precaution to ensure the health and safety of our staff. We will continue to operate as normal and can be contacted by phone and email during business hours.
Our fees cover all of the work 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.
Legal fees for your leasehold purchase
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
HM Land Registry fees
Stamp Duty or Land Tax (on purchase)
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 here.
Work out your estimated total fees for your purchase
Legal Fees (£ VARIABLE) plus
HM Land Registry fees (£ VARIABLE) plus
Stamp Duty or Land Tax (£ VARIABLE) plus
Search Fees (£250 estimated) plus
Electronic money transfer fee £25+VAT plus
Conveyancing Software Fee £26+VATIn addition your leasehold purchase will attract some or all of the following fees charged by third parties
These fees vary from property to property and can on occasion 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 charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
How long will my leasehold purchase take?
The length of time a purchase transaction takes depends on many factors but a usual average time-scale would be between 6 and 12 weeks from commencement. It could be quicker if there is a small or no chain involved, but it could take longer if the property is a new build or there are problems found with the property when surveyed or difficulties found on the title or amongst the Contract papers which require the sellers to take steps to remedy them.
The precise stages involved in the purchase of a Leasehold residential property vary according to the circumstances but usually involve most, if not all, of the following: