Sale of a leasehold residential property
Our fees cover all of the work required to complete the sale of your property.
Conveyancer’s fees and disbursements
Our costs in connection with Your Proposed Freehold Sale: £850.00 (For a sale price up to £750,000)
VAT on the above £170.00
Disbursements:
Office Copy Entries £15.00 (additional copy documents may be required at £3 each)
Bank Telegraphic Transfer fee £18.00
Management Pack Fee fee £300.00 (Approx. To be confirmed by the Management Company)
Estimated total
£1,053 incl. VAT and disbursements but excluding the Management Enquiry Pack
* The figure shown is in respect of properties being sold with a sale price of less than £750,000. If the sale price is between £750,000 and £1,500.000, the costs charge rises to £875 plus VAT. If the sale price exceeds £1,500.000, the costs charge rises to £1100 plus VAT and may be subject to additional charges depending on the complexity of the transaction, which will be separately negotiated.
**Each management company/landlord can charge what they like to supply the management enquiry pack. This can vary from £0 to £500 plus VAT for properties managed in London.
Disbursements 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. There are certain disbursements which will be set out in the individual lease in relation to the Property.
Purchase of leasehold residential property
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.
Conveyancer’s fees and disbursements
Our legal fees in connection with Your Proposed Leasehold Purchase: £900.00 (For a purchase price up to £750,000)
VAT on the above £180.00
Total £1,080.00
If required:
Our legal fees in connection with a Deed of Gift £150.00
VAT on the above £30.00
Total £180.00
Disbursements in relation to the Deed of Gift
Indemnity Policy (required by your lender) TBC
Bankruptcy Search (per person) £2.00
If required (if you wish to hold the property as tenants in common in unequal shares):
Our legal fees in connection with a Trust Deed £150.00
When do I pay Stamp Duty?
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
The tax is different if the property or land is in:
- Scotland - pay Land and Buildings Transaction Tax
- Wales - pay Land Transaction Tax if the sale was completed on or after 1 April 2018
You pay the tax when you:
- Buy a freehold property
- Buy a new or existing leasehold
- Are transferred land or property in exchange for payment, for example you take on a mortgage or buy a share in a house
Here is the stamp duty calculator link :- Stamp Duty Land Tax Calculator if you wish to calculate the stamp duty payable for your transaction. If you Request a Quote from us we will calculate this for you.
What are Land Registry fees for?
The HM Land Registry charges a mandatory registration fee to register a change of ownership, with the fee applied on a sliding scale depending on the price of the transaction or level of the mortgage.
Here is the Land Registry Calculator link. If you wish to calculate the Land Registry fee payable for your transaction. If you Request a Quote from us we will calculate this for you.
