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Buying

Residential New Homes

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Selling

Residential New Homes

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Leasehold

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Armed Forces Help To Buy

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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)

Pre-completion searches

£3.00 per property plus £2.00 per person obtaining a mortgage

Search pack

£350.00 approximately

Electronic I.D. Check

£6.00 per person (including gift donors)

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.

Land Registry fee

 

 

Property value

Land Registry fee

First registration, new build properties, transfer of part, new lease

0 to £80,000

£20.00

£40.00

£80,001 to £100,000

£40.00

£80.00

£100,001 to £200,000

£95.00

£190.00

£200,001 to £500,000

£135.00

£270.00

£500,001 to £1,000,000

£270.00

£540.00

£1,000,001 and over

£455.00

£910.00

 

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:

 

Bank transfer fee

£40.00 plus VAT per transfer (e.g. redeeming a mortgage or transferring net sale proceeds)

Pre-completion searches

£3.00 per property plus £2.00 per person obtaining a mortgage

Title from the Land Registry

£6.00 for freehold properties or £12.00 for leasehold properties (approximately)

Local Search indemnity

This depends on the value of your property and is likely to be between £10.00 and £65.00

Land Registry fee

 

 

Amount of new loan

Land Registry fee

0 to £100,000

£20.00

£100,001 to £200,000

£30.00

£200,001 to £500,000

£40.00

£500,001 to £1,000,000

£60.00

£1,000,001 and over

£125.00

 

 

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

 

 

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