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.