Pricing guidelines - Purchase of a leasehold residential property

    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.


    Conveyancer's fees 

    Property Price Leasehold
    Up to £300,000 £1500 plus VAT
    £300,000 to £399,999 £1850
    £400,000 to £549,999 £2250
    £550,000 to £799,999 £2500
    £800,000 to £1 million £2750
    Over £1 million £3000


    Electronic money transfer fee - £40

    Conveyancing Disbursements 

    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) £450
    HM Land Registry fee (this is the electronic fee assuming property already registered so will be higher [based on the property value] if grant of a new lease) £150
    Subtotal £600


    There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

    Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £25- £50
    Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £25 and £50
    Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £150 and £300
    Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £25 - £100


    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.

    Stamp Duty Land Tax

    This depends on the purchase price; whether you are a first time buyer; own another property; or are a non UK resident.  

    You can calculate the amount you will need to pay by using HMRC's website. 

    If you are buying for £350,000, not a first time buyer, do not own another property, and are a UK resident, the stamp duty will be £5000.

    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:

    • 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 and the lease
    • Review the management pack from the landlord and/or management company
    • 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
    • Services of Notices of Assignment and mortgage
    • Deal with application for registration at Land Registry

    How long will my 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. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such, a situation additional charges would apply.

    Our example 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;

    • This is the assignment of an existing lease and is not the grant of a new lease;
    • The transaction is concluded in a timely manner and no unforeseen complication arise;
    • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
    •  No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

    Feedback from our clients

    Our clients tell us they are happy: year after year, 94-96% of those providing feedback say they would recommend us and/or use us again. You can find out what our residential property clients say about us by clicking here.

    Related services

    We also undertake:

    • New build properties
    • Shared Ownership
    • Transfers of equity on a divorce
    • Lettings (landlord and tenant)
    • Property disputes
    • Commercial property transactions

    For full details of the services provided by our Residential Property Team, please click here.

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