Costs

CONVEYANCING FEES AND DISBURSEMENTS

The price table below relates to a freehold sale or purchase with a mortgage.
Whether you are buying or selling a property, the conveyancing fees are different. This is what you need to know: 

Property purchase Purchase fee Purchase VAT Sale fee Sale VAT
£0-£750,000.00 FREEHOLD £750.00 £150.00 £750.00 £150.00
£0-£750,000.00 LEASEHOLD £850.00 £170.00 £850.00 £170.00
£750,000.01-£1,000,000.00 FREEHOLD £850.00 £170.00 £850.00 £170.00
£750,000.01-£1,000,000.00 LEASEHOLD £950.00 £190.00 £950.00 £190.00

All estimates given above £1,000,000.00 should be referred to a fee earner before issue. The above scale is a guide only and consideration will be given to the job in hand and before issue of an estimate or a purchase/sale price of £1,000,000.00 or greater.

Additional fees

Purchase fee Purchase VAT Sale fee Sale VAT
Shared ownership £200.00 £40.00 £200.00 £40.00
New build £200.00 £40.00 £200.00 £40.00
Leasehold notice £60.00 £10.00 £50.00 £10.00
Mortgage redemption (per charge) £50.00 £10.00 £50.00 £10.00
Acting for Lender £50.00 £10.00 £50.00 £10.00
SDLT Form £100.00 £20.00 – –
Bank Transfer Fee £40.00 £8.00 £40.00 £8.00
Help to Buy ISA £50.00 £10.00 – –
Transfer of Equity (No mortgage) £275.00 £55.00 – –
Transfer of Equity (and remortgage) £375.00 £75.00 – –
Mortgage property (no transfer) £275.00 £55.00 – –

Introduced cases

We work with a number of leading estate agents and introducers throughout the local area. The companies support us in our marketing services and this support’s value is reflected in what are called ‘referral fees’ of up to £100. This is a fee paid by Alfred Ledger & Sons and is never an additional cost to clients.

Third-party costs

Below is a summary table including the most common conveyancing fees and disbursements for buying and selling:

SALE DISBURSEMENTS

  1. Office copy entries/ Office copy document (per copy) £7.00
  2. Telegraphic Bank Transfer fee £40.00 plus VAT
  3. Indemnity Insurance arrangement fee £50.00 plus VAT (per policy)
  4. Anti Money Laundering Fraud Check £10.00 plus VAT
  5. Environmental search (purchase) £62.40.
  6. Coal mining search (purchase) £51.00.
  7. Water and drainage search (purchase) £35.00.

PURCHASE DISBURSEMENTS

  1. Office copy entries/ Office copy document (per copy) £7.00
  2. Bankruptcy search (for mortgage assisted purchase) £6.00
  3. Local authority search £100.00
  4. Coal mining report £50.00
  5. Land Registry search fee £7.00
  6. Anti Money Laundering Fraud Check £10.00 plus VAT
  7. Telegraphic Bank Transfer fee £40.00 plus VAT
  8. Land Transaction Return completion for HMRC £100.00 plus VAT

Land Registry Fees (unregistered title)s

  1. 0 to £80,000 £20.00
  2. £80,001 to £100,000 £40.00
  3. £100,001 to £200,000 £100.00
  4. £200,001 to £500,000 £150.00
Land Registry Fees (registered titles)
  1. 0 to £80,000 £45.00
  2. £80,001 to £100,000 £95.00
  3. £100,001 to £200,000 £230.00
  4. £200,001 to £500,000 £330.00
The fee to the Land Registry is for the registration of the transfer of the property. The fee payable will depend on the price of the property.

The Land Registry’s fees can be found at: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees

Stamp Duty Land Tax

Stamp Duty Land Tax is payable on increasing portions of a property price above £250,000.00. There are different rules if you are buying your first home or if you are purchasing an additional property.

There is a stamp duty calculator on The HM Revenue & Customs website to work out how much stamp duty you will have to pay: http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

BUY TO LET and SECOND HOMES

Residential property over £40,000.00 purchased as a second home or as an additional property has a surcharge stamp duty. This is based at 5% of the total price.