Purchase Of Leasehold Property

Price transparency and experience for Conveyancing and Wills & Probate

Our Team

Our conveyancing team are here to handle your home mortgage and remortgage, and have over 20 years of conveyancing experience headed by a solicitor and partner, Tim Allen.

Our Costs

We charge for the legal work we do on a time recorded basis based on hourly rates. Our charging rate is based upon the seniority and experience of the file handler working on your case as follows:

  • £217.00 per hour plus VAT – Solicitors or CILEX with at least 8 years post-qualification experience (PQE);
  • £192.00 per hour plus VAT – Solicitors, CILEX or Costs Lawyers with at least 4 years PQE;
  • £161.00 per hour plus VAT – Solicitors, CILEX or Costs Lawyers with up to 4 years PQE and other staff of equivalent experience;
  • £118.00 per hour plus VAT – Paralegals, trainees or equivalent

The total cost, before VAT and disbursements, will depend upon the time taken, which will be tailored to your transaction. A range of likely costs would be between a minimum of £450 for a purchase price of below £100,000 and up to a maximum cost of £2500.00.

In addition VAT is chargeable, currently 20%.

In addition you will have to pay any disbursements. We explain below any likely disbursements and their cost, where known and not known the average cost or range of costs.

We also explain whether they attract VAT and if so the likely amount.

Disbursement Information for a Purchase

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.

  • ID check per person (purchasers) £12 + VAT
  • Estimated search fees £190-£300 + VAT
  • HM Land Registry fee – dependent on the value of the property – minimum of £190 + VAT
  • Final searches £2-£3 each + VAT
  • Deed of Covenant £100-£200
  • Notice of Assignment Fee £150-£500 ( Payable to your landlord)
  • Certificate of Compliance £50-£150
  • Stamp Duty or Land Tax (on purchase)
    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.

Services included and key stages - How long will my house purchase take?

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. The average process takes three months but it can be quicker. Registering the title after you have moved in, and so completing the legal work, can take time due to backlogs at the Land Registry.

It can be quicker or slower, depending on the parties in the chain.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. The three main steps are pre exchange of contracts, exchange to completion and post completion work. However, below we have suggested some key stages that you may wish to include:

  • 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
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Start your enquiry here