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.
This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.
Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.
Our fixed fee for freehold purchases are:
| PRICE RANGE | COST |
|---|---|
| £0 – £125,000.00 | £550.00 plus VAT of £110.00 |
| £125,000.01 – £250,000.00 | £650.00 plus VAT of £130.00 |
| £250,000.01 – £300,000.00 | £700.00 plus VAT of £140.00 |
| £300,000.01 – £400,000.00 | £800.00 plus VAT of £160.00 |
| £400,000.01 – £575,000.00 | £1,100.00 plus VAT of £220.00 |
Above £575,000.00 please ring for a quotation
These 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.
Fees for Local Searches – The cost of these vary depending on location:
Barrow Borough Council £111.73 (including VAT)
South Lakeland District Council £125.44 (including VAT)
Copeland District Council £155.14 (including VAT)
Outside of these areas, please telephone for a quotation
Fees for H M Land Registry Searches:
Land Registry £3.00
Bankruptcy (per name) £2.00
Additional Searches we recommend:
United Utilities Drainage & Water £54.59 ( including VAT)
Environmental £51.00 (including VAT)
The above prices may vary depending on area.
Telegraphic Transfer Fee:
This is the cost of transferring the funds of the transaction electronically: TT Fee – £19.20 (including VAT) per transfer
LMS Panel Lenders:
LMS is a conveyancing panel management specialist used by the below list of lenders. These lenders choose to issue their mortgage offers and supporting documentation through the LMS portal. LMS charge a fee for the service. Each lender charges £25.00 plus VAT administration fee for this service. If you obtain a mortgage from the below list of lenders the fee of £25.00 plus VAT will be an additional fee that will be charged and shown on our invoice to you.
HM Land Registry Registration Fees:
Where possible online registration is undertaken however there are certain circumstances where a postal application must be made, for example a First Registration
| Purchase Price of Property | Online Registration Fee | Postal Registration Fee |
|---|---|---|
| £0 – £80,000 | £20.00 | £45.00 |
| £80,001 – £100,000 | £40.00 | £95.00 |
| £100,001 – £200,000 | £100.00 | £230.00 |
| £200,001 – £500,000 | £150.00 | £330.00 |
| £500,001 – £1,000,000 | £295.00 | £655.00 |
| £1,000,001 and over | £500.00 | £1,105.00 |
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.
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, including whether you are obtaining a mortgage, the number of parties in the chain, whether it is a new build etc. The average process takes between 8-10 weeks but this can vary considerably depending on the situation.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Take a look at our other services.
