Our fees start from £395 plus VAT of £79 plus an additional charge of £400 plus VAT of £80 when the property you are selling or buying is a leasehold property that is registered with HM Land Registry. On average, the professional legal fees you would pay for a standard leasehold sale or purchase would be £1000 plus VAT of £200 (which includes the leasehold fee referred to above). This does not include any additional fees for ‘non-standard’ work or any disbursements. Disbursements are payments which we pay to third parties on your behalf as part of the conveyancing process, e.g. Search Fees, Land Registry Fees and Stamp Duty Land Tax.

Example

Standard leasehold sale or purchase price of £100,000 or below

Fee Type Cost
Professional Legal Fees £395.00
VAT on Legal Fees £79.00
Leasehold Fee £400.00
VAT on Leasehold Fee £80.00
Funds Transfer Fee £30.00
VAT on Funds Transfer Fee £6.00
Electronic ID Fee (per name) £5.00
VAT on Electronic ID Fee £1.00
Total Estimated Fees £996.00

Disbursements for Purchase

Fee Type Cost
Local Search Fee (Stoke-on-Trent)* £95.32
Mining Search Fee £47.90
Drainage Search Fee £56.40
Pre-completion Land Registry Search Fees £3.00
Bankruptcy Search Fee (per name) £1.00
Land Registry Fee ** £135.00
Stamp Duty (see below) TBC
Total Estimated Purchase Disbursements £338.62

*Local Search Fees vary between Local Authorities. The fee referred to in the above estimate is for Stoke-on-Trent City Council. The current fees of other Local Authorities in our area are as follows:

Search Fees Cost
Newcastle Borough Council £133.40
Staffordshire Moorlands Borough £98.20
Stafford Borough Council £114.75
Cheshire East Borough Council £85.00

** Land Registry Fees are based on the purchase price and will increase if the property you are buying is unregistered or is a brand-new plot. For further information visit the Land Registry Website at: https://www.gov.uk/government/organisations/land-registry

***Stamp Duty Land Tax (SDLT) will be payable on all purchases in excess of £125,000

The fee scale and link for the purchase of a main residence is https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Purchase Price Bands Percentage Rate (%)
£125,000 and up to £250,000 2%
£250,000 and up to £925,000 5%

If you are a first-time buyer and meet eligibility criteria you may be exempt from SDLT if you purchase for £300,000 or less. If the purchase price is between £300,001 and £500,000 you may be eligible to pay a reduced amount.

Disbursements for Sale

Fee Type Cost
Copy Title Information Document and plan £6.00
Total Estimated Sale Disbursements £6.00

Please note that this example is for illustrative purposes onlyfor a detailed estimate specific to your purchase and/or sale please contact us

Other Fees that may apply to a leasehold property

There are a number of other ongoing charges you should be aware of when buying a leasehold property. These include:

  • ground rent, a service charge and a contribution towards buildings insurance
  • on completion of the purchase your solicitor may be required to provide a Notice of Assignment to the landlord to advise them that you are the new home owner - the landlord or the management company will charge a fee for this
  • if you are buying the property with the assistance of a mortgage, your solicitor may be required to provide a Notice of Charge to the landlord or management company - this would incur a fee
  • some freeholders require new home owners to enter into a Deed of Covenant with the landlord or management company to confirm agreement to all service charges and maintenance costs – this would also incur further fees

  

Key stages in a leasehold transaction

The scope of a typical leasehold sale or purchase will include but not necessarily be limited to the following key stages:

Sale

  • taking your instructions and providing initial advice
  • providing you with our Client Care Pack together with Property Information Form and Fixtures Fittings & Contents Form
  • preparing and sending a contract pack to the buyer’s solicitors
  • requesting a leasehold management pack from management company or managing agents to forward to buyer’s solicitors
  • replying to general and leasehold enquiries made by the buyer’s solicitors
  • requesting a settlement statement from existing lender (if applicable)
  • requesting up-to-date rent and service charge receipts from managing company of managing agents
  • obtaining your signature for the contract and transfer deed
  • agreeing a completion date and exchanging contracts
  • preparing a financial completion statement
  • dealing with rent and service charge apportionments and agreeing a retention if required
  • completing the sale
  • repayment of any existing mortgage, payment of estate agent’s fees (if applicable) and sending net proceeds of sale to you

Purchase

  • taking your instructions and providing initial advice
  • check position regarding finance to fund the purchase e.g. mortgage
  • receive, approve and advise on contract pack from seller’s solicitors
  • report to you on the lease
  • receive and advise on leasehold management pack from seller’s solicitors
  • carry out required searches e.g. local search / mining / drainage
  • make any necessary enquiries with seller’s solicitors on the contract and leasehold management pack
  • advise you on all documents and information received
  • complying with any special conditions on mortgage offer
  • providing you with the contract, transfer and mortgage documents for signing
  • advising you on joint ownership
  • carrying out pre-completion Land Registry searches
  • agreeing a completion date and exchanging contracts
  • preparing and sending you a financial completion statement
  • dealing with rent and service charge apportionments and agreeing a retention if required
  • arranging receipt of all monies from you and your lender
  • completing the purchase
  • serving notice of completion / mortgage to the freeholder and/or management company
  • advise you on Deed of Covenant if required
  • dealing with payment of Stamp Duty Land Tax (SDLT)
  • dealing with Application for Registration at HM Land Registry
  • providing you and the lender with a copy of the Title Information Document once registration formalities have been completed