Legal Fees

The table below tells you how much our fees will be for your transaction.

SALE

Up to £175,000£750.00 plus v.a.t
£175,00 to £250,000£850.00 plus v.a.t.
£250,000 to £375,000£950.00 plus v.a.t.
£375,000 to £500,000£1,100.00  plus v.a.t
£500,000 plusOn Request

PURCHASE

Up to £175,000£850.00 plus v.a.t.
£175,00 to £250,000£950.00 plus v.a.t
£250,000 to £375,000£1050.00 plus v.a.t
£375,000 to £500,000£1200 plus v.a.t
£500,000 plusOn Request

Any leasehold sale or purchase of a flat, add a further £150 plus v.a.t. to the quoted cost.

Disbursements and timescales

In addition there will be additional charges called disbursements such as land registry fees which vary depending on the type of conveyancing (sale or purchase) and purchase price but can be up to £830 for the most expensive properties. Prices can range from £30-£830.

These disbursements include certain property searches which we may need to make in your case some of which may vary depending upon the local authority but are usually from a few pounds for title plans, to in the region of £20-£90 for chancel searches and flood searches and in the region of £118.50 for local authority search and drainage reports (the search package) inclusive of VAT.

If the property is leasehold there may be additional fees payable to the freeholder such as notice of transfer fees which will vary dependent on the freeholder.

Please speak to your solicitor for specific details of the disbursements which apply to your transaction.

The time it takes to complete your house sale or purchase will depend on the complexity of your transaction, if there is a lengthy chain or if any unusual features arise. However as a rough guide you would usually expect a straightforward purchase or sale to be completed in 8 to 12 weeks from receipt of contract from the seller’s solicitor.

SDLT

Further, you usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat. SDLT only applies to properties over a certain value.

The amount you pay depends on:

  • when you bought the property
  • how much you paid for it

You must send an SDLT return if you pay more than £40,000 for a property – even if there’s no SDLT due. There is an official SDLT calculator which will tell you how much stamp duty is likely to be. That is available at:

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

You pay stamp duty at these rates if, after buying the property, it is the only residential property you own (this is the rate for a single property). You usually pay 3% on top of these rates if you own another residential property.

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’). Some additional rules apply to SDLT on leasehold properties so please speak to your solicitor for further information.

Property or lease premium or transfer valueSDLT Rate
Up to £125,000Zero
The next £125,000 (the portion from £125,001 to £250,000)2%
The next £675,000 (the portion from £250,001 to £925,000)5%
The Next £575,000 (the portion from £1.5 million)10%
The remaining amount (the portion above £1.5 million)12%

If you’re buying your first home you can claim a discount (relief). This means you’ll pay no SDLT up to £300,000 and 5% SDLT on the portion from £300,001 to £500,000. You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £500,000, you cannot claim the relief.

You can work out how much SDLT you’ll pay for your new residential lease using HMRC’s SDLT calculator, guidance on leasehold purchases and higher rates for additional properties.

If you’re replacing your main residence you will not pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold. If you have not sold your main residence on the day you complete your new purchase you’ll have to pay higher rates. This is because you own 2 properties.

If you’re not present in the UK for at least 183 days (6 months) during the 12 months before your purchase you are ‘not a UK resident’ for the purposes of SDLT. You’ll usually pay a 2% surcharge if you’re buying a residential property in England or Northern Ireland on or after 1 April 2021.

You may not have to pay a surcharge on certain properties, transactions or if you’re a particular type of buyer. Check the rules on who has to pay the surcharge, when you do not have to pay, and if you can claim relief. If you have to pay the surcharge, you’ll also have to pay any other rates of SDLT that apply, for example:

  • If you already own a property and you’re buying an additional property
  • If you’re a first-time buyer

There are different SDLT rules and rate calculations for:

  • Corporate bodies
  • People buying 6 or more residential properties in one transaction
  • Shared ownership properties
  • Multiple purchases or transfers between the same buyer and seller (‘linked purchases’)
  • Purchases that mean you own more than one property
  • Companies and trusts buying residential property

Contact us if you need further information on SDLT.