Purchase of a freehold residential property

• Legal fee £800 - £3000 (fixed rate depending on the price, see below)
• VAT on Legal fee £160 - £600
• HM Land Registry fee £20 - £455
• Electronic money transfer fee £35
• VAT payable on electronic transfer fee £7

Examples are set out below of estimated charges.

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

Search fees vary by area as local authorities do not all charge the same fee, and in some areas additional specialist searches may be required. The searches included in the estimate are: land registry official search, bankruptcy searches, local search, drainage and water search, an environmental and planning search and flood search if necessary. Any other searches (e.g. a coal mining search) would incur additional charges.

Land Registration fees

This depends on the purchase price of your property and you can find amount you will have to pay at HM Government Land Registration Fees.

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 website or if the property is located in Wales by using the Welsh Revenue Authority's website here.

Example for house price of £200,000 at higher search estimate

• Legal fee £800
• VAT on Legal fee £160
• Search fees £500
• HM Land Registry fee £95
• Electronic money transfer fee £35
• VAT payable on electronic transfer fee £7

Estimated total £1,597 plus Stamp Duty

Example for house price of £400,000

• Legal fee £900
• VAT on Legal fee £180
• Search fees £500
• HM Land Registry fee £135
• Electronic money transfer fee £35
• VAT payable on electronic transfer fee £7
• Stamp duty

Estimated total £1,757 plus Stamp Duty 

Example for house price of £750,000 at higher search estimate

• Legal fee £1200
• VAT on Legal fee £240
• Search fees £500
• HM Land Registry fee £270
• Electronic money transfer fee £35
• VAT payable on electronic transfer fee £7
• Stamp duty

Estimated total £2,252 plus Stamp Duty 

Legal fees are fixed rates as below:

Up to £250,000	£800 plus VAT £160
Above £250,00 up to £350,000	£850 plus VAT £170
Above £350,000 up to £500,000	£900 plus VAT £180
Above £500,000 up to £750,000	£1000 plus VAT £200
Above £1,000,000 up to £2,000,000	£2,000 plus VAT £400
Above £2,000,000 up to £3,000,000	£3000 plus VAT £600

* 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
• the transaction is concluded in a timely manner and no unforeseen complication arise
• all parties to the transaction are co-operative and there is no unreasonable delay from third parties providinno indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
• no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Remember Sarah will meet you out of office hours anywhere in the Wimborne, Poole, Bournemouth or East Dorset Areas.

Jordan Williams Law are specialists in their field. They practice family law in the Wimborne, Poole, Bournemouth and surounding areas. Contact them now.