Pricing & Service Information

Purchase of a Property (leasehold and freehold)

group of terraced red brick houses

Our fees cover all of the legal work required to complete the sale of the property based in England & Wales.

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.

The information is based on a number of assumptions and in particular the fee assumes 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
  • 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

Purchases

From To Freehold (+20% VAT) Leasehold (+20% VAT)
£0 £200,000 £1,200 (+£240) £1,500 (+£300)
£200,000 £300,000 £1,300 (+£260) £1,600 (+£320)
£300,000 £400,000 £1,400 (+£280) £1,700(+£340)
£400,000 £500,000 £1,500 (+£300) £1,800 (+£360)
£500,000 £600,000 £1,600 (+320) £1,900 (+£380)
£600,000 £750,000 £1,750 (+£350) £2,050(+£410)
£750,000 £900,000 £1,900 (+£380) £2,200 (+£440)
£900,000 £1,000,000 £2,100 (+£420) £2,400 (+£480)
£1,000,000 plus refer refer

Plus disbursements

Fees relating to additional tasks (+20% VAT) 

 

SDLT forms £30 (+£6)
Each additional Management Company involved for Leaseholds £50 (+£10)
Declaration of Trust (stand alone) £300-500 (+VAT to reflect the risk)
Declaration of Trust (added to matter) £250-400 (+£50-80)
Supervisory Transfer  £450 (+£90)
Statutory Declaration & Indemnity insurance (ie lack of easement)  £150 (+£30)
Help to Buy ISA (per ISA) £50 (+£10)
Help to Buy Scheme (Government Scheme) £250 (+£50)
Shared Ownership £300 (+£60)
New build properties £300 (+£60)
Transfer of Equity (no mortgage) £650 (+£130)
Transfer of Equity (with mortgage) Refer
Mortgage / Remortgage (properties up to £500k) £650 (+£130)
Mortgage / Remortgage (properties over £500k) £850 (+£170)
Gift Deposit £50 (+£10)
Equity Release £1,000 (+£200)

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction, but we will advise you if this becomes the case and will tell you about any additional costs when they arise.

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Timings and Stages

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. On average the process takes about 6-12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are purchasing property with a mortgage and also selling without a chain it could take 16 weeks.

Purchase of a leasehold property could take longer as it is necessary to check both the leasehold and freehold titles and management company information.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

  • Obtain up-to-date ID
  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Review mortgage offer
  • Send transfer and Contract documents to you for signature
  • Agree completion date (date from which you own the property)
  • Arrange for all monies needed to be received from lender and you
  • Exchange contracts and notify you that this has happened
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry
  • Provide you with updated Title documentation relating to your property.

What happens if the transaction does not complete:

Abortive Costs Stage  – % of our charge

  • Prior to draft documentation: 20%
  • Upon commencement of drafting of documentation or documents being received: 50%
  • Upon finalising the draft documentation: 90%

Anticipated Leasehold Purchase 

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is in the region of £50 – £100.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is in the region of £50 – £100.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is in the region of £50 – £100.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 and £200.

Your purchase of a property (leasehold and freehold) team are...

Chloe BakerLegal Support Assistant

Chloe is a Legal Support Assistant in our Residential Property team

01803202020

Ellie-Louise SayerConveyancing Executive

Ellie-Louise is a Conveyancing Executive in our Residential Property team

01392 455525

Claire SuttonLegal Support Assistant

Claire is a Legal Support Assistant in our Residential Property team

01803 202092

Kaisha PickLegal Support Assistant

Kaisha is a Legal Support Assistant in our Residential Property team.

01803 202088

Rhiannon DraperLegal Support Assistant

Rhiannon is Legal Support Assistant in our Residential Property team

01752 236737
LP initials

Laura PotterLegal Assistant

Laura is a Legal Assistant in our Residential Property team.

01392 45 55 55

Claire WalkerLegal Support Assistant

Claire Walker is a Legal Support Assistant in our Residential Property team

01752 603040

Jasmine TaylorConveyancing Executive

Jasmine is a Conveyancing Executive in our Residential Property team

01392 455513

Sarah WatsonLegal Support Assistant

Legal Support Assistant in our Residential Property team

01803 229716

Judy VaughanAssociate (Chartered Legal Executive)

Judy is an Associate (Chartered Legal Executive) in our Residential Property Team

01803 408442

Isobel ArmstrongLicensed Conveyancer

Isobel is a Licensed Conveyancer in our Residential Property team

01803 202093

Amy PierceAssociate (Licensed Conveyancer)

Amy is an Associate (Licensed Conveyancer) in our Residential Property team

01803 202013

Jenna Hamilton-PursglovePartner and Head of Residential Property

Jenna is a Partner and Head of our Residential Property team

01392 455526
Kitsons Solicitors - Lucy Alford

Lucy AlfordLegal Support Assistant

Lucy is a Legal Support Assistant in our Residential Property team in Exeter

01392 455529

Sophie CarruthersConveyancing Executive (GCILEx)

Sophie is a Conveyancing Executive (GCILEx) in our Residential team

01752 236707

Alana NightingaleLicensed Conveyancer

Alana is a Licensed Conveyancer in our Residential Property team

01803 202090

Alison WilliamsLegal Support Assistant

Alison is a Legal Support Assistant in our Residential Property team

01392 455531

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