Purchase of a Residential Property
Fiona Bruce Solicitors strive to maintain the highest standards at all times and as such all our Residential Property work is undertaken by qualified Solicitors. They are supported in that role by experienced staff and Trainee Solicitors.
Our fees to cover the work required to complete the purchase of your new home, include dealing with registration at the Land Registry and dealing with the payment of stamp duty land tax if the property is in England or land transaction tax (land tax if the property you wish to buy is in Wales).
Who will work on my matter?
Our team are all qualified solicitors, the head of the team being an Associate in the firm, supported by trainees and experienced staff. For more details on the qualified staff, please visit the “meet the team” page.
Our firm’s fees and disbursements
1. Legal fees (to include ID verification).
For a standard estate house purchase:
- £0 – £125,000.00: £1100.00 (+ VAT of £220)
- £125,000.00 – £250, 000.00: £1,250.00 (+ VAT of £250)
- £250,000.00 – £500,000.00: £1,350.00 (+ VAT of £270)
- £500,000.00 – £750,000.00: £1,495.00 (+ VAT of £299)
- £750,000.00 +: quoted on an individual basis
For an apartment purchase:
- £0 – £125,000.00: £1,595.00 (+ VAT of £319)
- £125,000.00 – £250,000.00: £1,795.00 (+ VAT of £359)
- £250,000.00- £500,000.00: £1,995.00 (+ VAT of £399)
- £500,000.00 +: quoted on an individual basis
For a standard leasehold estate house purchase:
- £0 – £125,000.00: £1,195.00 (+ VAT of £239)
- £125,000.00 – £250,000.00: £1,295.00 (+ VAT of £259)
- £250,000.00 – £500,000.00: £1,495.00 (+ VAT of £299)
- £500,000.00 – £750,000.00: £1,750.00 (+ VAT of £350)
Shared Ownership Purchase:
£2,500.00 (+ VAT of £500)
For a standard estate house sale:
- £0 – £250,000.00: £1100.00 (+ VAT of £220)
- £250,000.00 – £500,000.00: £1,200.00 (+ VAT of £250)
- £500,000.00 +: quoted on an individual basis
Probate sale:
- £0 – £250,000.00: £1,250.00 (+ VAT of £250)
- £250,000.00 – £500, 000.00: £1,450.00 (+ VAT of £290)
- £500,000.00 +: quoted on an individual basis
For an apartment sale:
- £0 – £250,000.00: £1,395.00 (+ VAT of £279)
- £250,000.00 – £500,000.00: £1,695.00 (+ VAT of £339)
- £500,000.00 +: quoted on an individual basis
Shared Ownership Sale:
£1,950.00 (+ VAT of £390)
Freehold purchase:
£1,000.00 (+ VAT of £200)
2. Disbursements
These are costs relating to your matter but are payable to third parties such as Land Registry fees. We handle the payment of disbursements on your behalf to ensure a smoother process.
a) HM Land Registry
- 0 – £80,000.00: £20.00
- £80,001.00 – £100,000.00: £40.00
- £100,001.00 – £200,000.00: £100.00
- £200,001.00 – £500,000.00: £150.00
- £500,001.00 – £1,000,000.00: £295.00
- £1,000,000.00 +: £500.00
b) Search fees
Our usual search fees assuming no mining or chancel searches are required are £200.00.
c) Electronic money transfer fee
£40.00
3. Anticipated Disbursements*
- Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £25.00 and £150.00.
- Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00 and £75.00.
- Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £200.00
- Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100.00 and £200.00
*These fees vary from property to property and can on occasion be significantly more than the ranges given above. They also exclude apartments and new builds. We can give you an accurate figure once we have either had