solicitors

Clear Pricing Information – Leasehold

RESIDENTIAL CONVEYANCING – Leasehold

The conveyance of residential real property or real estate which comprise:

(i)  freehold or leasehold sales or purchases; or

(ii) mortgages or re-mortgages; 

Our fees for a typical house purchase range from around £900 for a simple transaction to around £5,000 for a substantial historic building on unregistered land. These figures may however vary in cases with special complications. That’s why we will always give you an individual cost estimate at the start of the transaction, taking into account the actual features of your purchase. We will always advise you immediately about any complication, and discuss the potential impact on price before any additional charges are incurred.

The charge is based on our average hourly rate of £140 per hour

Our price may look high compared to some other providers, but we would ask you to consider the work involved, the implications of you or us missing something, the deadlines involved, the availability of our professional insurance cover and a number of other factors in the complex conveyancing process, before comparing us on price alone.

Disbursements costs

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process, such as notice & deeds charges, search fees, land registry fees, freeholder information packs and bank charges. They are likely to be £500-£1000 in total, + VAT where relevant.

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 or if the property is located in Wales by using the Welsh Revenue Authority’s website.

You may also be responsible for paying the legal costs incurred by us on behalf of your lender too. These are likely to be £150 + VAT

These fees assume that the transaction is ‘standard’ and has no unforeseen issues that may lengthen the process or increase costs.

PLEASE CLICK HERE FOR OUR CONVEYANCING QUOTE TOOL WHICH WILL CALCULATE YOUR COSTS FOR YOUR PARTICULAR TRANSACTION IN MORE DETAIL

Stages of the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • 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
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • 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 at Land Registry

How long will my house 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 average process takes between 12-14 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 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 4 months. In such a situation additional charges would apply.

Contact us here if you wish to instruct us on your matter.

Contact details for the people involved in doing the work can be found below.

Complaints information

You can always give us your feedback here

If you wish to complain about our service, please contact us immediately. We have a complaints handling procedure, which you can read here.

Meet the team

Alison  Treble
Alison Treble
Partner
Giles Griffiths
Giles Griffiths
Associate Solicitor
Jessica Castella
Jessica Castella
Solicitor
Margaret  Goddard
Margaret Goddard
Chartered Legal Executive
Caroline Boa
Caroline Boa
Chartered Legal Executive
Natalie Howell
Natalie Howell
Chartered Legal Executive
Debra Morley
Debra Morley
Chartered Legal Executive
Emma Page
Emma Page
Trainee Solicitor

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