Leasehold Purchase fees

Our legal fees and expenses for a leasehold purchase are:

Legal fees

£0 – £500,000£950.00 + VAT
£500,0001 – £749,999£1,050.00 + VAT
£750,000 – £999,999£1,100.00 + VAT
£1,000,000 – £1,249,999£1,200.00 + VAT
£1,250,000 – £1,499,999£1,400.00 + VAT
£1,500,000 – £1,749,999£1,600.00 + VAT
£1,750,000 – £1,999,999£1,800.00 + VAT
£2,000,000 plus (from)£2,000.00 + VAT

Additional Legal fees (if applicable)

Mortgage£125.00 + VAT
New Build from developer£200.00 + VAT
First Registration of Title£200.00 + VAT
Shared Ownership Scheme£200.00 + VAT
Help to Buy Mortgage£200.00 + VAT
Help to Buy ISA£50.00 + VAT
Declaration of Trust£250.00 + VAT

Expenses

Land Registry feeDependent on purchase price
Searches (approx.)Dependent on Local Authority
Land Regisry search£3.00 (each title)
Bankruptcy search£2.00 per person
Administration fee including bank transfer fee£30.00 + VAT (each)
Stamp Duty Land Tax (Land Transaction Tax for properties in Wales)Dependent on purchase price and whether other property is owned

Click for Stamp Duty Land Tax Calculator

Click for Welsh Land Transaction Tax calculator

Click for Land Registry

As the property is leasehold there will be additional expenses payable, to the Landlord or a Managing Agent, as required under the terms of the Lease. These expenses will be notified to us by the seller’s solicitors as part of the process, and will include their charges for dealing with the Notice of Change of leaseholder and Notice of Charge (if you are buying with a mortgage). The lease may require you to enter into a Deed of Covenant, which is your legal promise to observe and perform the covenants in the Lease. The Landlord may need to provide a Certificate of Compliance.

You will also be required to pay service charge, ground rent and possibly a sinking fund. We will explain these payments to you and check that the figures are accurate.

The precise stages involved in the purchase of a residential property vary according to the circumstances. The process can be quick or slow, depending on the parties in the chain. If there are not many years left before the lease expires, an extension of the lease can usually be negotiated. Unfortunately, this can make the purchasing process significantly longer, between 2 and 4 months. In such a situation additional fees and charges would apply.

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents and Lease
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of Seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send report on title and final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Provide you with a completion statement showing financial aspect of the transaction
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty Land Tax
  • Deal with application for registration at Land Registry
  • Deal with registration with Landlord/Management Company

Contact us

For guidance on buying in England and Wales, see the HM Government fact sheet below.

How to Buy leaflet-front cover
CQS-logo