Our fees cover all of the legal 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).
Conveyancers’ fees depend on the complexity of the transaction. Some of the disbursements depend on the purchase price.
By way of an example a purchase of a £400,000 property would incur the following fees and disbursements.
|Electronic money transfer fee||£30|
Disbursements are costs related to your purchase that are payable to third parties, such as search fees and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
|Search fees (variable according to the location of the property but this is an average cost)||£400|
|HM Land Registry fee (this is the electronic fee assuming property already registered so will be higher [based on the property value] if a first registration)||£150|
|Estimated total (excluding Stamp Duty see below)||£2386|
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website.
Estimated total £7500
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 between 8- 20 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the following is an outline of typical stages:
Our example fee assumes that:
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We also undertake:
For full details of the services provided by our Residential Property Team, please click here.