Leasehold Purchase

Below is a costs breakdown and indicative total costs for purchasing a property. For an accurate quote please contact us on 02476 55 31 81 or email info@s-law.co.uk

Property Value

Professional Fees

Professional Fees + VAT (20%)

Up to £125,000

£975

£1170

£125,001 - £175,000

£1025

£1230

£175,001 – £250,000

£1075

£1290

£250,001 - £350,000

£1175

£1410

£350,001 - £500,000

£1275

£1530

£500,001 and above*

£1350

£1620

* Properties above this value may be subject to increased costs.

Our Fees - Money we charge for our services

Professional Fee                                                              £975 - £1350

VAT (20%)                                                                        £195 - £270

Money Laundering Fee                                                     £10 per person

VAT (20%)                                                                         £2

Inland Revenue SDLT Administration Charge                  £50

VAT (20%)                                                                         £10

Disbursements - Money we collect on behalf of others

Property Searches* - Payable to local search and utility companies

Local Search                                                                      £90 - £100

Environmental and Flooding                                              £55

Drainage and Water                                                           £45.24

Coal Search                                                                       £42

Completion Searches - Payable to the Land Registry

Bankruptcy Search                                                            £2 per person

Local Search                                                                      £3 per person

Land Registration Fee                                                       £20-£270

Bank Transfer Charge - Payable to your Bank                  £30

VAT (20%)                                                                         £6

Stamp Duty** - Payable to HMRC                                     £0 - £unlimited

Indicative Total Cost                                                        £1552.24 - £2192.24

*Not all searches are necessary for each property, depending on the properties location. Average cost of searches is £212.24, though this may rise where more specialist searches are required.

 

 **Stamp Duty will vary for all properties based on the house price and the status of the buyer. Please use this [government calculator](https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro) for more information and an accurate quote.