Generally, the purchase of a freehold property is simpler than leasehold and so can often means lower fees.
Our Freehold fees start at £445 for a sale and £495 for a purchase, and should you want to base your decision on the average legal fees you would pay for a standard freehold sale or purchase where the property is registered with HM Land Registry, you would need to add land registry costs, full details of costs can be found at Land Registry Website
As stated previously, there may be additional fees, and examples these and/or disbursements (payments which we pay to third parties on your behalf as part of the conveyancing process) are outlined below.
Figures are based on a sale or purchase of up to £125000
|Professional Legal Fees||£495||£99||£445||£89|
|Telegraphic Transfer Fee||£25||£5||£25||£5|
|Money Laundering ID Check Fee (per name)||£12||£2.40||£12||£2.40|
|Stamp Duty Land Tax Return Fee||£50||£10||n/a||n/a|
|Bankruptcy Search (per name)||£2||£10|
|Land Registry Fee **||£40||£40|
|Stamp Duty ***||TBC||n/a|
** Land Registry Fees are based on the purchase price and will increase if the property you are buying is unregistered or is a brand-new plot. For further information visit the Land Registry Website at: https://www.gov.uk/government/organisations/land-registry
***Stamp Duty Land Tax (SDLT) will be payable on all purchases in excess of £125,000
The fee scale and link for the purchase of a main residence is https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro If you are a first-time buyer and meet eligibility criteria you may be exempt from SDLT if you purchase for £300,000 or less. If the purchase price is between £300,001 and £500,000 you may be eligible to pay a reduced amount.
The length of these legal processes can vary from start to finish. Accurate timescales will be given after initial consultations have taken place on your individual case.
This website provides examples of the average costs and fees involved with these types of legal matters. But each client has their own set of circumstances and so there will be occasions when exceptional circumstances add to the complexity and time taken to reach a conclusion. We will always keep you fully informed of any change in costs and circumstances and explain why, too. In these situations, our fees may exceed those quoted above, but we will notify you in advance if we need to exceed an original estimate.
THE EXAMPLES WE PROVIDE ARE INTENDED AS A GUIDE ONLY – FOR A DETAILED ESTIMATE, SPECIFIC TO YOUR EXACT REQUIREMENTS, PLEASE CONTACT US SO THAT YOU CAN MAKE THE INFORMED, CORRECT DECISION THAT YOU NEED, WANT AND DESERVE.