The following charges are based on a typical registered freehold residential property purchase by 1 person at £295,000 in England (not first time buyer) with a mortgage:
Fees and Disbursements | Cost | VAT at 20% | Cost including VAT |
Legal fee | £1350.00 | £270.00 | £1620.00 |
Search fees | £300.00 | Nil | £300.00 |
HM Land Registry fee | £150.00 | Nil | £150.00 |
Electronic money transfer fee | £40.00 | £8.00 | £48.00 |
Land registry fee | £7.00 | Nil | £7.00 |
Bankruptcy search (£6 per person) | £12.00 | Nil | £12.00 |
Lawyer checker fee | £18.00 | £3.60 | £21.60 |
Electronic ID check (£25 per person) | £50.00 | £10.00 | £60.00 |
Subtotal | £2218.60 | ||
Estimated total including stamp duty | £6968.60 |
The Stamp Duty or Land Tax you need to pay depends on the purchase price of your property. and whether or not you are a UK resident.
You can calculate the amount you will need to pay for your home by using HMRC’s website for properties in England, or the Welsh Revenue Authority’s website for properties in Wales.
The current threshold from 1st April 2025, where Stamp Duty Land Tax starts to apply, is set at £125,000.00 for a residential property (not first time buyer). If your purchase price exceeds this sum, then you would pay Stamp Duty or Land Tax on any amount over the £125,00.00.
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We confirm the ground rent and the anticipated service charge as soon as we receive this information.
The prices provided above are a general guide. Our estimated 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 complications arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties in providing documentation
- you are not an investment buyer
- no indemnity insurance is required
- purchase is by two people
As each transaction is different we are very happy to discuss your individual situation and provide you with a more precise and personalised quote, so please do get in touch with us.
The conveyancing team headed by Managing Partner Alex Khan. Details of the team members can be found by clicking on the links below: