Purchase by 2 people of a registered leasehold residential property at £295,000 with a fixed ground rent of £150.00 per annum in England (not first time buyers) with a mortgage
Estimated Conveyancer’s fees and disbursements
- Legal fee £795.00
- VAT payable £159.00
- Search fees £216.90
- HM Land Registry fee £135.00
- Electronic money transfer fee £48.00
- Land Registry Search £3.00
- Bankruptcy Search £4.00
- Lawyer checker fee £12.00
In addition to the estimated total above, you will need to pay Stamp Duty or Land Tax. You may find it helpful to visit the HMRC’s website for properties in England, or the Welsh Revenue Authority’s website for properties in Wales, to help calculate the Stamp Duty Land Tax or Land Transaction Tax that you will need to pay as this depends on the purchase price of your property.
For the above example the Stamp Duty Land Tax is £4,750.00.
Estimated total: £6,122.90
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this 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
- no indemnity insurance is required
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 is led by Angela Mulgrew who has over 30 years experience. Details of the team members can be found by clicking on the links below: