Fees

Residential

Our team has over 200 years’ combined experience in assisting clients with all types of residential property transactions

Purchase of a leasehold property

Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancer’s fees and disbursements

Property Price Range	Estimated Fee	VAT	Total
Up to £100,000	£1100	£220	£1320
£100,001 to £150,000	£1200	£240	£1440
£150,001 to £200,000	£1300	£260	£1560
£200,001 to £250,000	£1350	£270	£1620
£250,001 to £300,000	£1450	£290	£1740
£300,001 to £350,000	£1550	£310	£1860
£350,001 to £400,000	£1575	£315	£1890
£400,001 to £450,000	£1700	£340	£2040
£450,001 to £500,000	£1800	£255	£2055
£500,001 to £600,000	£1900	£380	£2280
£600,001 to £700,000	£2000	£400	£2400
£700,001 to £800,000	£2150	£430	£2580
£800,001 to £900,000	£2350	£470	£2820
£900,001 to £1,000,000	£2750	£550	£3300
Over £1,000,000		Price on Application

There will be an additional charge of £200 plus VAT of £40, total £240 if you are purchasing a property with the assistance of a mortgage.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

There are certain disbursements which will be set out in the individual lease relating to the property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

Search Fees £450 approx

HM Land Registry Fee £150 – this is depending upon the price paid at the time of completion, please see Land Registry https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic Money Transfer Fee £48 (including VAT)

Notice of Charge fee (if the property is to be mortgaged) – This fee is sometimes set out in the Lease but will be confirmed by the Managing Agent. Often, the fee is between £150 – £240.

Deed of Covenant fee – This fee (if payable) is confirmed by the Managing Agents for the property and can be difficult to estimate. Often, it is between £150 – £240.

Certificate of Compliance fee – If applicable, this will be confirmed by the Managing Agent. Often, the fee is between £100 – £240.

The above leasehold fees vary from property to property and can, on occasion, be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents and confirmation from the Managing Agent. You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Here is an example of the costs of a purchase at £250,000 with a mortgage and a Deed of Covenant fee on behalf of the Landlord:

Legal Fee £1,620 (including VAT)

Fee for Acting on Behalf of the Mortgage Lender £240 (including VAT)

Search Fees £450 approx

HM Land Registry Fee £150 – this is depending upon the price paid at the time of completion, please see Land Registry https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic Money Transfer Fee £48 (including VAT)

Landlord/Management Company’s fees £180 (including VAT)

Estimated fees and disbursements total: £2,688

Stamp Duty Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s Stamp Duty calculator – click here.

If the property is located in Wales, you can use the Welsh Revenue Authority’s Land Transaction Tax calculator – click here.

Stages of the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

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

Carry out searches

Obtain further planning documentation if required

Make any necessary enquiries of the seller’s solicitor

Give you advice on all documents and information received

Go through conditions of mortgage offer with you

Send final contract to you for signature

Draft Transfer

Advise you on joint ownership

Obtain pre-completion searches

Agree completion date (date from which you own the property)

Exchange contracts and notify you that this has happened

Arrange for all monies needed to be received from the lender and you

Complete purchase

Deal with payment of Stamp Duty/Land Tax

Deal with application for registration at Land Registry

How long will my house purchase take?

How long it will take from your offer for the house being accepted until you can move into it will depend on a number of factors.

The average process takes between 14 and 16 weeks.It can be quicker or slower, depending on the number and approach of the parties in the chain. For example, if you are a first time buyer, purchasing a vacant property with a mortgage in principle, it could take 6 to 8 weeks.

However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such a situation, additional charges would apply.

Our fee assumes that:

This is a standard transaction and that no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
This is the assignment of an existing lease and is not the grant of a new lease.
The transaction is concluded in a timely manner and no unforeseen complications arise.
All parties to the transaction are co‑operative and there is no unreasonable delay from third parties providing documentation.
No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Fees - Mortgage of a freehold residential property

Residential Property

Department Contacts

Peter Fitzmaurice

Solicitor & Partner

Kirsty Sjoholm

Conveyancing Executive

Client Testimonials

I used Borlase after being advised to call them regarding a property misrepresentation claim. Allanagh Hocking guided us expertly. Read more..

Carl

Litigation Client

“I recently sold and bought a house. Sophie Smith was great — very professional and nothing was too much trouble. I would recommend Borlase.”

Estelle

Conveyancing Client

“This review is well deserved — I’ve used many firms, some good, some poor. Hayley Cornish at Borlase responded quickly, sorted issues, was. Read more..

Ryan

Conveyancing Client

I was initially unsure about working with Neil, simply because I couldn’t find him listed on the Borlase website. Once it was confirmed he was Read more..

Phillis Bawden

Wills, Trusts and Probate Client

Neil was an absolute pleasure to deal with from start to finish. He is incredibly friendly and approachable and immediately puts you Read more..

Residential

Fees

Purchase of a leasehold property

Conveyancer’s fees and disbursements

Disbursements

Search Fees £450 approx

HM Land Registry Fee £150 – this is depending upon the price paid at the time of completion, please see Land Registry https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic Money Transfer Fee £48 (including VAT)

Notice of Charge fee (if the property is to be mortgaged) – This fee is sometimes set out in the Lease but will be confirmed by the Managing Agent. Often, the fee is between £150 – £240.

Deed of Covenant fee – This fee (if payable) is confirmed by the Managing Agents for the property and can be difficult to estimate. Often, it is between £150 – £240.

Certificate of Compliance fee – If applicable, this will be confirmed by the Managing Agent. Often, the fee is between £100 – £240.

Here is an example of the costs of a purchase at £250,000 with a mortgage and a Deed of Covenant fee on behalf of the Landlord:

Legal Fee £1,620 (including VAT)

Fee for Acting on Behalf of the Mortgage Lender £240 (including VAT)

Search Fees £450 approx

HM Land Registry Fee £150 – this is depending upon the price paid at the time of completion, please see Land Registry https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Electronic Money Transfer Fee £48 (including VAT)

Landlord/Management Company’s fees £180 (including VAT)

Estimated fees and disbursements total: £2,688

Stamp Duty Land Tax

Stages of the process

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

Carry out searches

Obtain further planning documentation if required

Make any necessary enquiries of the seller’s solicitor

Give you advice on all documents and information received

Go through conditions of mortgage offer with you

Send final contract to you for signature

Draft Transfer

Advise you on joint ownership

Obtain pre-completion searches

Agree completion date (date from which you own the property)

Exchange contracts and notify you that this has happened

Arrange for all monies needed to be received from the lender and you

Complete purchase

Deal with payment of Stamp Duty/Land Tax

Deal with application for registration at Land Registry

How long will my house purchase take?

Our fee assumes that:

Fees - Mortgage of a freehold residential property

Residential Property

Department Contacts

Peter Fitzmaurice

Solicitor & Partner

Kirsty Sjoholm

Conveyancing Executive

Client Testimonials

Carl

Litigation Client

Estelle

Conveyancing Client

Ryan

Conveyancing Client

Phillis Bawden

Wills, Trusts and Probate Client

Anonymous client

Wills, Trusts and Probate Client