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Freehold Residential Purchase

Conveyancing fees and disbursements for a freehold residential purchase at £150,000 *

  • Legal fees £695
  • Search fees (see below)  £275
  • HM Land Registry fee £95
  • Electronic money transfer admin. fee £30
  • VAT payable £145
  • Estimated total £1,240 

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. Search fees can vary by geographical area, but are usually between £250 and £325.

Stamp Duty Land Tax (on purchase)

This depends on the purchase price of your property and various other factors. You can calculate the amount you will need to pay by using HMRC’s web calculator at  https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

How long will it take?

The time taken from your offer being accepted until you can move in to the new property will depend on a number of factors. The average process takes between 6 and 10 weeks. 

It can be quicker or slower, depending on the number of 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 4 weeks. However, if you are buying a leasehold property, with  a mortgage,  in a long chain, with a lease that requires an extension, this can take significantly longer, between 2 and 4 months. In such a situation additional charges may apply. 

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. Here are some key stages that often apply: 

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase 
  • Receive and advise on contract documents
  • 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 and advise on joint ownership if required
  • 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
  • Deal with application for registration of ownership at Land Registry

* Our fee estimates as set out assumes that: 

a.this is a standard transaction of an existing freehold or leasehold property registered at Land Registry which is to be used as  a main residence (not an investment purchase or second home) 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

b.the transaction is concluded in a timely manner and no unforeseen complication arise and the matter is not urgent or does not become urgent during the process

c.all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

d.no indemnity policies are required. Additional disbursements and charges may apply if indemnity policies are required.

The following types of property or transaction would require a bespoke estimate to be provided, so will not fall within the range of costs provided above. This list is not exhaustive:

  • New builds
  • First registration of title
  • Buy to let or second/holiday home 
  • Multiple owners or trust property ownership 
  • Shared ownerships
  • Help to buy schemes, equity loan or ISA
  • Purchase under right to buy 
  • Purchase at auction 
  • Property has multiple titles or additional land 
  • Property has been repossessed 
  • Mortgage lender has additional requirements or is not CML regulated