Help To Buy Residential Purchase

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

Conveyancer’s fees and disbursements:

Freehold Help To Buy Purchase £1500 exc VAT / £1800 inc VAT

Leasehold Help To Buy Purchase £1700 exc VAT / £2050 inc VAT

Electronic money transfer fee £30 plus VAT of £6

Disbursements:

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 £277.00 (Local Authority Search, Water & Drainage Search, Environmental Search) inc VAT

Charges in undertaking AML checks via Thirdfort - £15.00 inc VAT at 20%.

Land Registry registration fee on a scale dependent on price as per link https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees

Land Registry search £3.00

Bankruptcy search £2.00 per name

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website as per link https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website here https://beta.gov.wales/land-transaction-tax-calculator

Our fee assumes that:

1. This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which require remedying prior to completion or the preparation of additional documents ancillary to the main transaction

2. The transaction is concluded in a timely manner and no unforeseen complications arise

3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

4. No indemnity polices are required. Additional disbursements may apply if indemnity polices are required.

Stages of the process

The precise stages involved in the purchase of a residential 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 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
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 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 being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-10 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take a lot longer.