Barnoldswick Office
Craven House, Newtown, Barnoldswick, BB18 5UQ
Purchase of a leasehold residential property
Our fees cover all of the work required to complete the purchase of your new home
| PURCHASE PRICE | OUR FEE |
|---|---|
| Up to £100,000 | £895 + 20% VAT £179 |
| Up to £200,000 | £945 + 20% VAT £189 |
| Up to £300,000 | £1,045 + 20% VAT £209 |
| Up to £400,000 | £1,145 + 20% VAT £229 |
| Up to £500,000 | £1,245 + 20% VAT £249 |
| Up to £600,000 | £1,500 + 20% VAT £300 |
| Up to £700,000 | £1,600 + 20% VAT £320 |
| Up to £800,000 | £1,600 + 20% VAT £320 |
| Up to £900,000 | £1,700 + 20% VAT £340 |
| Up to £1,000,000 | £1,800 + 20% VAT £360 |
| Over £1,000,000 | £12,250 min + 20% VAT £450 |
Our fee assumes that:
Additional Charges
No two properties are exactly the same and no two clients are exactly the same. Our conveyancing fees will reflect the particular requirements of your sale and/or purchase. For example, the conveyancing cost of dealing with a leasehold property may, because of the added complexities, be more than dealing with a more straightforward, freehold property. We may add an additional charge to reflect the extra work this will involve.
| ADDITIONAL CHARGES | COST |
|---|---|
| Leasehold | £300.00 + 20% VAT £60 |
| New Build or Shared Ownership | £500.00 + 20% VAT £100 |
| Help to Buy ISA | £300.00 each + 20% VAT £60 |
| Mortgage Work when acting in a Company purchase | £400.00 + 20% VAT £80 |
| Declaration of Trust | £200.00 + 20% VAT £40 |
| SDLT Preparation & Submission Fee | £50.00 + 20% VAT £10 |
| HTB Equity Mortgages | £450.00 + 20% VAT £90 |
| DISBURSEMENTS | PRICE |
|---|---|
| Residential Search Pack | £238.68 inc. 20% VAT £39.78 |
| Official Copies of Land Registry documents | £10.20 inc.20 % VAT £1.70 |
| OS1 Search | £10.20 inc.20 % VAT £1.70 |
| Bankruptcy Search | £9.00 inc.20 % VAT £1.50 |
| Same Day Bank Transfer Fee | £48.00 inc.20 % VAT £8.00 |
| Lawyer Checker Fee | £21.60 inc.20 % VAT £3.60 |
| Stamp Duty Land Tax | To be advised |
| Land Registry Registration Fee | To be advised |
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax or if the property is located in Wales by using the Welsh Revenue Authority’s website here: https://beta.gov.wales/land-transaction-tax-calculator
How long will my house purchase take?
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 6-8 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 8-12 weeks.
However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but generally include:
Craven House, Newtown, Barnoldswick, BB18 5UQ
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