Our Legal 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 are the amount you will be required to pay for all of the work performed by us in actioning your instructions, from commencement of your case to conclusion.
Our average standard legal fee for a residential freehold property purchase is from £995.00 - £1,495.00 plus VAT (£1,194.00 - £1,794.00 Inc. VAT) for properties up to the value of 1.1 million. Please see our fee scale below.
Our average standard legal fee for a residential leasehold property purchase is from £1,095.00 - £1,595.00 plus VAT (£1,314.00 - £1,915.00 Inc. VAT) for properties up to the value of 1.1 million. Please see our fee scale below.
For purchases using a corporate vehicle there is a supplemental fee of £15 plus VAT (£18 Inc. VAT) due to companies house registration requirements and additional documents required for lending purposes.
The value of the property and any complexities of the sale will dictate the final fee charged within this range.
For electronic money transfers we will charge the sum of £12.50 for any transactions up to £200k and £25.00 for any over. Below, we detail what services are covered in our standard fee.
VAT will be payable on 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.
Services covered in our standard fees
If at any stage our fees change, we will notify you and discuss the reason for any changes. This would typically occur if you change your instructions or your case involves an unforeseen complexity which can include matters such as delays in searches, issues with a mortgage, issues raised in a survey or delays from the other party or their solicitor.
Our average fees assume that:
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.
For Leasehold matters this is the assignment of an existing lease and is not the grant of a new lease.
The transaction is concluded in a timely manner and no unforeseen complication arise.
All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Additional charges on a residential purchase
As an example, below are some additional charges that could be applicable to your transaction:
For acting for your mortgage lender – £150 plus VAT (£180 incl. VAT). This is on the assumption that we are on the panel of solicitors appointed by your lender.
Help to Buy Equity Mortgage – £195.00 plus VAT (£234.00 incl. VAT)
Help to Buy ISA (per bonus) – £95.00 plus VAT (£114.00 incl. VAT)