Our fees 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.
The quote below is the average cost of a freehold purchase of a registered property with some element of mortgage finance at a purchase price of £500,000.00
- Legal fee £1230.00 plus VAT of £246, including bank fee
- Search fees £259.10 plus VAT of £51.82
- HM Land Registry fee £150.00 if property is registered, otherwise £270.00.
- Standard due diligence to include “triple check” verification £25 plus VAT of £5
- Client verification of source of funds/wealth check where client resides abroad or funds come from abroad £50 – £200 plus Vat of £10-£40.
Estimated total: £2026.92 inc. 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)
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.
Please be aware that the above information is indicative only and not a personal quote. There are various factors that may lead to increased costs such as:
- If the property is unregistered.
- If the legal title is defective in anyway.
- If crucial documents or instructions requested and not provided promptly.
- It becomes apparent that building regulations or planning permission has not been obtained.
- If the vendor or the vendors conveyancer fails to cooperate.
- Complexity with regard to due diligence process.
- Market conditions.
Contact Our Friendly Legal Experts Today
For general enquiries or to discuss more specific needs in personal or commercial law please get in touch with a friendly member of our team today.
I want to take this opportunity to thank you all at George Ide so much, for all the help and support you have given to the family down the years and in particular of course whilst acting for us as professional executor. This is an emotional period for all families I’m sure. It has been no different for us. You have handled everything with consummate professionalism throughout and especially so in our more fractious moments.Henry Bennett
For the sale and purchase of our properties we found the service we received throughout the conveyance to be exemplary. A clear, efficient and professional service from Nicholas Smith and his team.
I would look no further for any future property conveyance and as a result of this experience with George Ide I will consider them, first and foremost, for future legal matters.Ian & Susan Archer
I have worked with George Ide’s residential tenancy team for over 15 years. The team are always the quickest, most efficient and competent at everything they do. I am extremely satisfied and would have no hesitation in recommending them.See Review
I don’t have enough words to describe how helpful, professional and supportive you have been, at a very stressful time for me. I feel really lucky to have had you as my solicitor. Your service was superb; it just could not have been better.VG
Alice was amazing from start to finish, gave me accurate and sound advice. She always kept my expectations to a realistic level, and I would recommend her to anyone in a similar position to me, a credit to George Ide solicitors. I always felt I was dealing with a friend not just a solicitor.Garry Sherrington
I would just like to thank you for all your hard work in settling my father’s case and in coming to an agreeable settlement with the insurers. Thank you for being so patient with us, and taking time to explain things in layman’s terms. You have led us through this process with ease and my father is very happy to have reached a conclusion in this matter . All your efforts are very much appreciated. Wishing you all the best.Nancy Ackermann
52 North Street,
West Sussex, PO19 1NQ
61a North Street,
West Sussex, PO19 1NB
St Mary’s Chambers,
59 Quarry Street,
Guildford, Surrey, GU1 3UA
1 Hinde Street,
London, W1U 2AY
Also at 44 North St, Chichester, PO19 1NF Contact Us