Legal fee for buying a property based on a buying price of up to £500,000.00
| Legal Fees | |
| Legal fee | £795.00 |
| VAT | £159.00 |
| Total for legal fees (inc. vat) | £954.00 |
| Mandatory Fees & Taxes | |
| Searches* We have quoted an amount of £350 for search fees, but please note that these can vary significantly depending on the location and nature of the property. We will carry out the searches necessary for us to advise you (and any lender) properly as to any potential risks that we are aware of. If the costs are likely to materially exceed the estimated figure, we will let you know, and if you wish us to carry out any specific searches, particularly if they are non-standard searches, you should let us know. |
£350.00 |
| Land Registry Fees* This is the fee payable to the Land Registry and will apply if the title to the property is capable of submission for registration electronically. If the title is not in a format acceptable for electronic submission the Land Registry fee will double. |
£135.00 |
| Telegraphic Transfer Fee* Upon completion, we’ll be required to submit the balance required to redeem any existing mortgage to your lender by telegraphic transfer. Our fee for this service is £48 (including VAT). If there is a surplus due back to you, and you require this by way of a telegraphic transfer, a further fee of £48 will be payable. |
£48.00 |
| Total for Mandatory Fees & Taxes | £533.00 |
| Total | £1487.00 |
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Please note this quote is for independent buyers only – if you are looking to purchase on behalf of a company, please call us directly. There may be additional fees depending on the circumstances of the transaction. |
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Legal fee for selling a property based on a selling price of up to £500,000.00
| Legal Fees | |
| Legal fee | £695.00 |
| VAT | £139.00 |
| Total for legal fees (inc. vat) | £834.00 |
| Mandatory Fees & Taxes | |
| Bankruptcy Searches and Land Registry Documents* We require evidence of your title to support the Contract of Sale, accordingly we will need to obtain Official Copies of the register and a plan from the Land Registry for each title to the property we are dealing with. We also need to undertake bankruptcy searches against all parties involved in the transaction. All Land Registry searches will be charged at cost. The total cost of these searches is typically £10.00 – £20.00, but the exact cost depends upon the number of parties/titles involved in the transaction. We request £50.00 on account at the outset to cover the cost of these searches. Any shortfalls/surpluses will be dealt with immediately prior to completion. |
£50.00 |
| Telegraphic Transfer Fee* Upon completion, we’ll be required to submit the balance required to redeem any existing mortgage to your lender by telegraphic transfer. Our fee for this service is £48 (including VAT). If there is a surplus due back to you, and you require this by way of a telegraphic transfer, a further fee of £48 will be payable. |
£48.00 |
| Total for Mandatory Fees & Taxes | £98.00 |
| Total | £932.00 |
| There may be additional fees depending on the circumstances of the transaction. | |
Buying or selling a property valued at more than £500,000 involves a higher level of complexity and deserves a personal touch.
Please contact our Property team directly on 0207 537 3002 for a personalised quote tailored to your needs.
If you Need More Information
Please do not hesitate to contact us at your nearest office for further assistance
