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Littlehampton: 01903 726477
Worthing: 01903 877657
OUR LEGAL FEES AND DISBURSEMENTS
LEGAL FEES ON SALE OR PURCHASE
| FREEHOLD PROPERTY | LEASEHOLD PROPERTY | |
|---|---|---|
| Up to £500,000.00 | £1,250.00 - £1,500.00 (plus VAT at 20%) | £1,295.00 - £1,995.00 (plus VAT at 20%) |
| £500,000.00 to £1m | £1,500.00 - £1,995.00 (plus VAT at 20%) | £1,995.00 - £2,250.00 (plus VAT at 20%) |
| Above £1m | 0.25% of the property value (plus VAT at 20%) | 0.3% of the property value (plus VAT at 20%) |
DISBURSEMENTS ON SALE OR PURCHASE
| FREEHOLD PROPERTY | LEASEHOLD PROPERTY | |
|---|---|---|
| Electronic ID verification | £9.60 - £14.40 (plus VAT at 20%) | £9.60 - £14.40 (plus VAT at 20%) |
| HM Land Registry copies of title documents | £7.00 (plus VAT at 20%) per document | £7.00 (plus VAT at 20%) per document |
| Bank transfer fee on redemption of any subsisting mortgage | £35.00 (plus VAT at 20%) per transfer | £35.00 (plus VAT at 20%) per transfer |
| Stamp Duty Land Tax (England). Land Transaction Tax (Wales) | Payable on purchase price – see note below | Payable on purchase price – see note below |
| HMLR registration fee | Payable on property purchase on a sliding scale depending on value and nature of transaction – see note below | Payable on property purchase on a sliding scale depending on value and nature of transaction – see note below |
| Land searches on property purchase | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) |
| Land Registry pre-completion search on property purchases | £7.00 per search (plus VAT at 20%) | £7.00 per search (plus VAT at 20%) |
| Bankruptcy searches on purchases with a mortgage | £6.00 per name (plus VAT at 20%) | £6.00 per name (plus VAT at 20%) |
| Landlord’s registration fee – on purchase of leasehold property | N/A | As provided for in the lease document – usually in the range of £50.00-£175.00 (plus VAT at 20%) |
| On the sale of a leasehold property it is usually necessary to provide the purchaser’s solicitors with a Landlord’s Management Pack which gives details of the buildings insurance cover and the workings of the lease service/maintenance charge provisions. | N/A | Typically between £200.00 and £350.00 (plus VAT at 20%) |
NOTE: Stamp Duty Land Tax (SDLT) or Land Transaction Tax (LTT)
SDLT is payable on land purchase in England depending on the purchase price, type of property and the status of the purchaser. LTT is payable on similar purchases in Wales.
Whether SDLT or LTT are payable and, if so, how much will depend on the consideration paid for the land/property; whether the purchaser is an individual or corporate purchaser; whether the purchaser will, upon completion, own more than one property and the type of property – residential/commercial or mixed. The amount that may be payable in respect of any particular property may be checked using the HMRC online Stamp Duty calculator – https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro and also https://www.gov.wales/land-transaction-tax-calculator
HMLR registration fees are payable on land transactions and the fees are on different sliding scales depending whether the land is registered; unregistered; whether the transaction involves a transfer of part and the consideration being paid for the land/property. The registration fee payable can be checked utilising the online HMLR fee calculator – https://fee-calculator.landregistry.gov.uk/
LEGAL FEES ON RE-MORTGAGE
FREEHOLD OR LEASEHOLD PROPERTY
Up to £500,000.00 - £1,095.00 (plus VAT at 20%)
Above £500,000.00 – 0.3% of the gross mortgage amount (plus VAT at 20%)
DISBURSEMENTS ON RE-MORTGAGE
| FREEHOLD PROPERTY | LEASEHOLD PROPERTY | |
|---|---|---|
| Electronic ID verification | £9.60 - £14.40 (plus VAT at 20%) | £9.60 - £14.40 (plus VAT at 20%) |
| HM Land Registry copies of title documents | £7.00 (plus VAT at 20%) per document | £7.00 (plus VAT at 20%) per document |
| Bank transfer fee on redemption of any subsisting mortgage | £35.00 (plus VAT at 20%) per transfer | £35.00 (plus VAT at 20%) per transfer |
| Stamp Duty Land Tax (England). Land Transaction Tax (Wales) | N/A | N/A |
| HMLR registration fee | Payable on property value on a sliding scale – see note above on SDLT/LTT | Payable on property value on a sliding scale – see note above on SDLT/LTT |
| Land searches on property purchase | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) |
| Land Registry pre-completion search on property purchases | £7.00 per search (plus VAT at 20%) | £7.00 per search (plus VAT at 20%) |
| Bankruptcy searches on purchases with a mortgage | £6.00 per name (plus VAT at 20%) | £6.00 per search (plus VAT at 20%) |
| Landlord’s registration fee – on purchase of leasehold property | N/A | As provided for in the lease document – usually in the range of £50.00-£175.00 (plus VAT at 20%) |
LEGAL FEES ON TRANSFER OF EQUITY
FREEHOLD OR LEASEHOLD PROPERTY
Up to £500,000.00 - £1,095.00 (plus VAT at 20%)
Above £500,000.00 – 0.3% of the gross mortgage amount (plus VAT at 20%)
DISBURSEMENTS ON TRANSFER OF EQUITY
| FREEHOLD PROPERTY | LEASEHOLD PROPERTY | |
|---|---|---|
| Electronic ID verification | £9.60 - £14.40 (plus VAT at 20%) | £9.60 - £14.40 (plus VAT at 20%) |
| HM Land Registry copies of title documents | £7.00 (plus VAT at 20%) per document | £7.00 (plus VAT at 20%) per document |
| Bank transfer fee on redemption of any subsisting mortgage | £35.00 (plus VAT at 20%) per transfer | £35.00 (plus VAT at 20%) per transfer |
| Stamp Duty Land Tax (England). Land Transaction Tax (Wales) | Payable on purchase price (including the value of any mortgage liability taken on) – see note above on SDLT/LTT | Payable on purchase price (including the value of any mortgage liability taken on) – see note above on SDLT/LTT |
| HMLR registration fee | Payable on property value on a sliding scale – see note above on SDLT/LTT | Payable on property value on a sliding scale – see note above on SDLT/LTT |
| Land searches on property purchase | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) |
| Land Registry pre-completion search on property purchases | £7.00 per search (plus VAT at 20%) | £7.00 per search (plus VAT at 20%) |
| Bankruptcy searches if a mortgage is involved | £6.00 per name (plus VAT at 20%) | £6.00 per search (plus VAT at 20%) |
| Landlord’s registration fee – on purchase of leasehold property | N/A | As provided for in the lease document – usually in the range of £50.00-£175.00 (plus VAT at 20%) |
LEGAL FEES ON EXTENSION OF LEASE TERM
LEASEHOLD PROPERTY
Up to £500,000.00 - £1,500.00 (plus VAT at 20%)
Above £500,000.00 – 0.3% of the gross mortgage amount (plus VAT at 20%)
DISBURSEMENTS ON EXTENSION OF LEASE TERM
| FREEHOLD PROPERTY | LEASEHOLD PROPERTY | |
|---|---|---|
| Electronic ID verification | N/A | £9.60 - £14.40 (plus VAT at 20%) |
| HM Land Registry copies of title documents | N/A | £7.00 (plus VAT at 20%) per document |
| Bank transfer fee on redemption of any subsisting mortgage | N/A | £35.00 (plus VAT at 20%) per transfer |
| Stamp Duty Land Tax (England). Land Transaction Tax (Wales) | N/A | Payable on purchase price – see note above on SDLT/LTT |
| HMLR registration fee | N/A | Payable on consideration on a sliding scale depending on value and nature of transaction – see note above |
| Land searches on property purchase | N/A | Dependant on property location – usually in the range £250.00-£390.00 (plus VAT at 20%) |
| Land Registry pre-completion search on property purchases | N/A | £7.00 per search (plus VAT at 20%) |
| Bankruptcy searches on purchases with a mortgage | N/A | £7.00 per search (plus VAT at 20%) |
| Landlord’s registration fee – on purchase of leasehold property | N/A | As provided for in the lease document – usually in the range of £50.00-£175.00 (plus VAT at 20%) |
FACTORS THAT MAY AFFECT FEES
- If property has a leasehold title
- Defective property title
- If building regulation consent or planning permission has not been obtained as necessary
- If other crucial documents are missing
- If the matter involves a repossession or distressed sale
- Auction sales
- If unforeseen problems arise these would be discussed with you at the time as would any necessary revision of fees estimate
- Buildings above 11m or 5 stories and therefore subject to the Building Safety Act 2022 – additional fee - £700.00 (plus VAT at 20%)
- Newbuild property – additional fee - £700.00 (plus VAT at 20%)
- Where there is a need for an existing lease to be varied – additional fee - £700.00 (plus VAT at 20%)
