Purchase by 2 first time buyers of a new build freehold residential property at £375,000 with Help to Buy  and Help to Buy/Lifetime ISA – in England with a mortgage and UK resident(s).

The following charges are based on a typical new build freehold residential property purchase by 2 first time buyers at £375,000 with Help to Buy and Help to Buy/Lifetime ISA – in England with a mortgage

Fees and DisbursementsCostVATCost including VAT
Legal fee£1250.00£250.00£1500.00
Search fees£300.00Nil£300.00
HM Land Registry fee£330.00Nil£330.00
Electronic money transfer fee £40.00£8.00£48.00
Land registry fee £3.00Nil£3.00
Bankruptcy search £4.00Nil£4.00
Lawyer checker fee £18.00£3.60£21.60
Help to Buy/Lifetime ISA fee£50.00£10.00£60.00
Electronic ID check (per person)£25.00£5.00£30.00
Estimated total £2296.00

The Stamp Duty or Land Tax you 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 by using HMRC’s website for properties in England, or the Welsh Revenue Authority’s website for properties in Wales.

If you are a first time buyer – and that means that you do not, nor have ever previously owned any property anywhere in the world – then you qualify for exemption on a purchase price of up to £425,000.00.  If you are a first time buyer and your purchase price exceeds this sum, then you would pay Stamp Duty or Land Tax on any amount over the £425,00.00. Therefore, for our example above, there would be no Stamp Duty Land Tax to pay.

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

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:

Angela Mulgrew

Simon Grindlay

Mark Cooper

Diane Latham

Pauline Higgins

Kashifa Hussain

Kiran Satsavia

Kate Weston

Sarah Griffin

Tyler Wilson

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