Freehold Sale or Purchase

GHP Legal’s estimated fees for the sale of a residential property

Our fees aim to cover all of the work required to complete the sale of your new home, including dealing with enquiries and redeeming any charge on your behalf out of the sale proceeds.

Estimated fees and disbursements

   Cost VAT Total
Up to £150,000 £600.00 £120.00 £720.00
£150,001 - £250,000 £650.00 £130.00 £780.00
£250,001 - £500,000 £725.00 £145.00 £870.00
£500,001 - £750,000 £800.00 £160.00 £960.00
£750,000 and over £900.00 £180.00 £1,080.00
       
Additions for:      
Divorced/separated parties including distribution of assets £125.00 £25.00 £150.00
Help to Buy to redeem £100.00 £20.00 £120.00
Shared ownership/Housing Association £100.00 £20.00 £120.00
Expedited transaction £100.00 £20.00 £120.00
Official Copy Entries and Plan       
(estimate dependant on amount of copy documentation required) £3 each copy.  £12.00  £2.40 £14.40
Bank Transfer Fee  £25.00  £5.00 £30.00
Lawyer Checker  £12.00  £2.40 £14.40

Referral fee (if any)

  • Amount of referral fee paid £100 plus VAT (£120 with VAT)

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.

How long will my house sale take?

How long your house sale 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 6-8 weeks.

It can be quicker or slower, depending on the parties in the chain.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages:

  • Take your instructions and give you initial advice

  • Prepare and forward contract documents to the buyers solicitors

  • Assist in any enquiries raised by the buyer’s solicitors

  • Give you advice on all documents and information received

  • 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 paid to agents and any mortgage if applicable

  • Complete sale

 

GHP Legal’s estimated fees for the purchase of a residential property

Our fees aim to 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.

Estimated fees and disbursements

  Costs VAT Total
Up to £150,000 £650.00 £130.00 £680.00
£150,001 - £250,000 £750.00 £150.00 £900.00
£250,001 - £500,000 £850.00 £170.00 £1,020.00
£500,001 - £750,000 £950.00 £190.00 £1,140.00
£750.000 and over £1,050.00 £210.00 £1,260.00
       
Additions for:      
Joint tenancy/equal/unequal shares – Declaration of Trust required £125.00 £25.00 £150.00
Gift of funds from parents £50.00 £10.00 £60.00
Loan from Parents £100.00 £20.00 £120.00
Help to Buy – Equity Mortgage £200.00 £40.00 £240.00
Shared ownership/Housing Association £200.00 £40.00 £240.00
Expedited transaction £100.00 £20.00 £120.00
New Build £200.00 £40.00 £240.00
Searches  £141.67  £28.33 £170.00
Chancel Indemnity     £15.00
Bank Transfer Fee  £25.00  £5.00 £30.00
Lawyer Checker  £12.00  £2.40 £14.40
Bankruptcy Search  £2.00  £0.40 £2.40
Search with priority  £3.00  £0.60 £3.60
Land Registry Fee     HMLR Website
Stamp Duty (SDLT) or Land Tax     See Below.

Referral fee (if any)

  • Amount of referral fee paid £100 plus VAT (£120 with VAT)

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.

Stamp Duty or Land Tax (on purchase)

The level of tax which you will be required to pay upon your purchase will  depend upon 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.

How long will my house purchase take?

How long your house purchase 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 6-8 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 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 5 months. In such, a situation additional charges would apply.    

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:

  • 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

Our Team

To find out more about our team, their experience and qualifications of those who may be working on your matter. Click Here.

Michael Keeling

Michael Keeling

Partner

Partner and Head of our Property and Probate, Wills, Tax and Trusts team in Llangollen and Chirk.

Richard Lloyd

Richard Lloyd

Partner

Our Senior Partner and Head of the Property team in Oswestry