Costs of New Build Home Sales Service
Legal fees - freehold purchase:
|
Property Price |
Fee |
VAT 20% |
Total |
|---|---|---|---|
|
Up to £200,000.00 |
£545.00 |
£109.00 |
£654.00 |
|
Up to £300,000.00 |
£595.00 |
£119.00 |
£714.00 |
|
Up to £400,000.00 |
£645.00 |
£129.00 |
£774.00 |
|
£400 - £500,000.00 |
£695.00 |
£139.00 |
£834.00 |
|
£500 - £750,000.00 |
£795.00 |
£159.00 |
£954.00 |
|
£750 - £1,000,000.00 |
£845.00 |
£169.00 |
£1,014.00 |
|
£1,000,000 + |
By negotiation |
|
|
All purchases will be subject to a Stamp Duty Land Tax preparation fee of £60.00 including VAT and an Admin fee of £36.00 including VAT. If the property is leasehold our legal fees increase by £150.00 plus VAT.
Legal fees - freehold sale:
|
Property Price |
Fee |
VAT 20% |
Total |
|---|---|---|---|
|
Up to £200,000.00 |
£545.00 |
£109.00 |
£654.00 |
|
Up to £300,000.00 |
£645.00 |
£129.00 |
£774.00 |
|
Up to £400,000.00 |
£695.00 |
£139.00 |
£834.00 |
|
£400 - £500,000.00 |
£745.00 |
£149.00 |
£894.00 |
|
£500 - £750,000.00 |
£795.00 |
£159.00 |
£954.00 |
|
£750 - £1,000,000.00 |
£845.00 |
£169.00 |
£1,014.00 |
|
£1,000,000 + |
By negotiation |
|
|
All sales will be subject to an Admin fee of £36.00 including VAT. If the property is leasehold our legal fees increase by £150.00 plus VAT.
Legal fees - freehold and leasehold remortgage:
|
New loan amount |
Fee |
VAT 20% |
Total |
|---|---|---|---|
|
Up to £400,000.00 |
£495.00 |
£99.00 |
£594.00 |
|
Over £400,000.00 |
£695.00 |
£139.00 |
£834.00 |
What the costs include
Our fees cover all of the work required to complete your sale, purchase or remortgage, including liaising with mortgagees and solicitors, dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Typical disbursements relating to a purchase:
|
Bank transfer fee |
£40.00 plus VAT per transfer (e.g. sending purchase monies) |
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|
Pre-completion searches |
£3.00 per property plus £2.00 per person obtaining a mortgage |
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|
Search pack |
£350.00 approximately |
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|
Electronic I.D. Check |
£6.00 per person (including gift donors) |
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|
Stamp Duty or Land Tax |
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here. |
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|
Land Registry fee |
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|
Landlord’s Notice/Deed of Covenant fee (leasehold only) |
This fee is provided by the Landlord or Management Company for the property and can be difficult to estimate. Often it is between £150.00 and £400.00. |
Typical disbursements relating to a sale:
|
Bank transfer fee |
£40.00 plus VAT per transfer (e.g. redeeming a mortgage or transferring net sale proceeds) |
|
Title from the Land Registry |
£6.00 for freehold properties or £12.00 for leasehold properties (approximately) |
|
Management Pack (leasehold properties only) |
This fee is set by the Management Company and is often between around £150.00 and £350.00. |
Typical disbursements relating to a remortgage:
Services not included in the price
Whilst this firm does not charge additional legal/administration charges for circumstances which occur in every transaction (eg contribution to Professional Indemnity insurance premium), there are circumstances where additional time is genuinely expended which does not apply in most cases. The following list is not exhaustive of circumstances where additional time is expended, but here are some examples of potential additional legal fees which may apply.
|
HTB ISA involvement (per ISA) |
£50.00 plus VAT |
|
Help to Buy Scheme |
£150.00 plus VAT |
|
Armed Forces Help to Buy Scheme |
£200.00 plus VAT |
|
Gifted Money (per gift) |
£75.00 plus VAT |
|
Deed of Trust |
£175.00 plus VAT |
|
Dealing with Management Companies on sales of freehold properties |
£150.00 plus VAT |
|
Preparation or approval of Statutory Declaration (or Statement of Truth) |
£150.00 plus VAT |
|
Implementation of Indemnity policy (per policy) |
£25.00 plus VAT |
|
Liaising with third party solicitors (e.g. lender or family) |
£200.00 plus VAT |
|
Consideration of unusual SDLT situations e.g. multiple dwelling relief) NB no advice given |
£200.00 plus VAT |
|
Involvement of pre-emption/option agreement |
£500.00 plus VAT (minimum depending on complexity) |
|
Retention involvement (e.g. service charge) |
£75.00 plus VAT |
|
Unregistered title (depending on complexity) |
£100.00 - £200.00 plus VAT |
|
Coach House/Leasehold Garage |
£100.00 plus VAT |
The Experience and qualification of our team
To see who is on our experienced team, visit our dedicated new build home salesbuild home sales page.
How long will a typical sale or 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 majority of Developers require exchange of Contracts to take place within 3-4 weeks from reservation.
Steps of a typical sale
Steps of a typical purchase
