Our fees cover all work required to complete the purchase of your new home, including 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.
Please see the table below for a breakdown of our fees and costs
| Legal fees for the Purchase of a Property | |||
| Purchase Price | Freehold | Leasehold* | |
| Up to £200k | £1,125.00 + VAT | £1,245.00 + VAT | |
| £201k to £300k | £1,175.00 + VAT | £1,295.00 + VAT | |
| £301k to £400k | £1,225.00 + VAT | £1,345.00 + VAT | |
| £401k to £500k | £1,275.00 + VAT | £1,395.00 + VAT | |
| £501k-£600k | £1,325.00 + VAT | £1,445.00 + VAT | |
| £601-£800k | £1,375.00 + VAT | £1,495.00 + VAT | |
| £801k-£1m | £1,525.00 + VAT | £1,645.00 + VAT | |
| £1m + |
|
||
| These costs relate to our legal fees associated with the purchase of your property. Any supplementary charges are outlined below.
Due to additional work required with some kinds of property, there is an additional £150.00 + VAT payable to any Shared Ownership purchase or property purchased using the government’s Help to Buy Scheme. There will also be an additional £50.00 + VAT charge for any funds being drawn from a Help to Buy ISA. *Landlord’s enquiries will be required. A fee will be payable – we will not know the sum due before the transaction has commenced. |
|||
| Disbursements
In addition to our fees, you will need to pay some disbursements. 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £300. These are costs payable to third parties related to your matter. We handle these payments on your behalf and the anticipated disbursements are listed below. |
|||
| Mortgage Admin fee | £60.00 + VAT | ||
| Stamp Duty Land Tax Fee | £60.00 + VAT | ||
| Searches | £225.00 (+ VAT) *Estimated | ||
| Land Registry Search | £3.00 (No VAT applicable) | ||
| Land Registration Fees | See table below | ||
| Bankruptcy Search | £2.00 Each | ||
| Electronic ID/Client Bank Check | £5.50 + VAT | ||
| Telegraphic Transfer Fee | £30.00 + VAT | ||
| Office Copy | £3.00 (No VAT applicable) | ||
| Title Plan | £3.00 | ||
| Land Registry Fee Scale | Standard/New build | Electronic* | |
| £0k to £80k | £40.00 | £20.00 | |
| £80k to £100k | £80.00 | £40.00 | |
| £100k to £200k | £190.00 | £95.00 | |
| £200k to £500k | £270.00 | £135.00 | |
| £500k to £1 mil | £540.00 | £270.00 | |
| £1 Million plus | £910.00 | £455.00 | |
| *Assumes that we are able to submit the application electronically. If not then the fee will be standard. | |||
| Fees Relating to Leasehold Properties
This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors. You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charges as soon as we receive this information. |
|||
| Notice of Transfer fee | This fee is chargeable if set out in the lease. Often the fee is between £50 and £150 but could be more. | ||
| Notice of Charge fee (if the property is to be mortgaged) | This fee is chargeable if set out in the lease. Often it is between £100 and £300 but could be more. | ||
| Deed of Covenant fee – | This fee is payable to the landlord/management company if required by the lease, and can be difficult to estimate. Often it is between £100 and £300 but could be more. | ||
| Certificate of Compliance fee | To be confirmed upon receipt of the lease. It is often between £100 and £300 but could be more. | ||
| Stamp Duty
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. |
|||
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 8-12 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 4-6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 10 and 16 weeks.
The precise stages involved in the process vary according to individual circumstances, but our fees include the following key areas of the process. We will inform you if there is any additional work required in addition to this, and the associated fee.
Our fees assume that:
Our fees cover all work required to complete the sale of your home, including repaying any mortgages or charges secured against the property.
Please see the table below for a breakdown of our fees and costs
| Legal fees for the Sale of a Property | ||||
| Purchase Price | Freehold | Leasehold* | ||
| Up to £200k | £1,025.00 + VAT | £1,145.00 + VAT | ||
| £201k to £300k | £1,075.00 + VAT | £1,195.00 + VAT | ||
| £301k to £400k | £1,125.00 + VAT | £1,245.00 + VAT | ||
| £401k to £500k | £1,175.00 + VAT | £1,295.00 + VAT | ||
| £501k-£600k | £1,225.00 + VAT | £1,345.00 + VAT | ||
| £601-£800k | £1,275.00 + VAT | £1,495.00 + VAT | ||
| £801k-£1m | £1,425.00 + VAT | £1,545.00 + VAT | ||
| £1m + |
|
|||
| These costs relate to our legal fees associated with the sale of your property. Any supplementary charges are outlined below.
Landlord/management company enquiries will be required. A fee will be payable – we will not know the sum due before the transaction has commenced. |
||||
| Disbursements
In addition to our fees, you will need to pay some disbursements. 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £50. These are costs payable to third parties related to your matter. We handle these payments on your behalf and the anticipated disbursements are listed below. |
||||
| Disbursement | Freehold | Leasehold | ||
| Landlord/Freeholder Fees | £200-500* | £200-500* | ||
| Telegraphic Transfer Fee | £30.00 + VAT | |||
* Estimated
How long it will take from your offer being accepted until you complete your sale will depend on a number of factors.
The average process takes between 8-12 weeks.
It can be quicker or slower, depending on the parties in the chain. Various factors can influence timescales including how quickly your buyer gets a mortgage, the length of the chain and, the types of properties being bought and sold within the chain.
The precise stages involved in the process vary according to individual circumstances, but our fees include the following key areas of the process. We will inform you if there is any additional work required in addition to this, and the associated fee.
Our fees assume that:
| Property Value | Remortgage |
| £0-£500k | £450 + VAT |
| £501k- £1m | £625 + VAT |
| £1m + | £800 + VAT |
Our fee covers all of our work required to complete the re-mortgage of your property, including repaying any existing mortgages or charges secured against your property.
In addition to our fees, you will need to pay some disbursements. 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 and we will ask you for a payment on account of disbursements when we accept your instructions. This payment on account is normally £200.
The likely disbursements that you will have to pay for a re-mortgage are:
| Disbursements
These are costs payable to third parties related to your matter. We handle these payments on your behalf and the anticipated disbursements are listed below. |
||
| Disbursement | Freehold | Leasehold |
| Landlord/Freeholder Fees | None | £100-£300 + VAT |
| Telegraphic Transfer Fee | £30.00 + VAT | |
| Searches (if required by lender) | £200* + VAT | £200* + VAT |
| Land Registration Fees | See table below | |
| Land Registry Searches | £3 – £10 | £3 – £10 |
| Land Registry Documents | £6 – £12 | £12 – £20 |
*Estimated
Land Registration fees (no VAT is payable)
| Amount of new borrowing | Fee |
| £0 to £100,000 | £20 |
| £100,001 to £200,000 | £30 |
| £200,001 to £500,000 | £40 |
| £500,001 to £1,000,000 | £60 |
| £1,000,001 and over | £125 |
How long the transaction will take will depend on a number of factors including how quickly your mortgage offer is issued and whether your new lender requires searches to be carried out. The average process takes between 4 to 10 weeks
Our fee assumes that:
© 2021 Spratt Endicott, Spratt Endicott Solicitors are the trading names of Spratt Endicott Limited, a company registered in England & Wales (company no. 08030343) authorised and regulated by the Solicitors Regulation
Authority (registration no. 608169) and by the Financial Conduct Authority (registration number: 709546).
Spratt Endicott Limited uses the word “Director” to refer to a statutory director of the company and certain
senior employees. A list of the statutory directors is available for inspection at our registered office, 52-54 The Green, Banbury OX16 9AB and at Statutory Directors. Website by Technique
Please complete your details and we’ll be in touch. Or, call us on 0330 0580 250.
