Due to the wide variety of circumstances surrounding property transaction we would prefer to discuss your specific circumstances and transaction so please telephone us on 0208 363 8341. When you contact us we will provide you with a written estimate of fees specific to your transaction with no hidden charges.
One person will be allocated to your matter from the outset and you will have a single point of reference throughout the transaction.
We are accredited members of the Law Society Conveyancing Quality Scheme (CQS) and carry out our work to the highest standards.
Purchase of Residential Leasehold Property
Our fees for acting for you £995.00 to £2,500.00 plus VAT
Costs for dealing with your mortgage £200.00 to £500.00 plus VAT
Local Authority, Water, Environmental Search Fees £300.00
Chancel Indemnity Premium £20.00
Land Registry Search Fees £3.00
Landlords Registration Fees (Depending on the Property) £100.00 to £400.00 plus VAT
Bankruptcy Search Fees (per Name) £2.00
Bank Transfer Charges (per transaction) £12.00 plus VAT of £2.40
We do not make any separate charges for client identification checks, professional indemnity insurance or postage
In addition, Stamp Duty Land Tax is sometimes payable. This depends on whether you are first time buyers, have an interest in any other property worldwide, the purchase price of the property and whether you are replacing your main residence with the purchase.
You can calculate the amount you need to pay by visiting the following link https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Land Registry fees are also payable to register your as the new owner of the property and details of any mortgage you may have. These fees are based on the purchase price of the property and the amount of the mortgage if any you are obtaining. These fees can be calculated by visiting the Land Registry website at the following link http://landregistry.data.gov.uk/fees-calculator.html .
We have technology to enable us to submit applications to the Land Registry electronically so the lower of the two fees shown on the website is generally payable except where the property is being registered for the first time separately.
The above fees are stated on the following assumptions:-
The matter proceeds in a straightforward manner and that there are no issues such as defects in title which need to be dealt with. If defects in title are identified then indemnity policies may be required. The costs of these will depend on the nature of the defect and you will be advised of any that may become necessary during the course of the transaction. We do not receive any commission for arranging such policies.
All parties to the transaction proceed in a diligent manner without undue delay
No licence to assign, deeds of covenant or share transfers are required under the lease. If these are necessary we will charge £150 plus VAT per document required.