Buying a leasehold
residential property

Purchase of a leasehold residential property

An example of costs involved for a purchase of a leasehold residential property by a couple, for £300,000 in the Tandridge area with a mortgage.

Conveyancer's fees and disbursements*

• Legal fee £2,000 plus VAT of £400
• Stamp duty land tax return £75 plus VAT of £15
• Search fees £250 plus VAT of £50
• No Search Chancel Indemnity £11 (no VAT)
• Land charges search £12 (no VAT)
• Search providers fee for Land charges search £3 plus VAT of 60p
• Land registry priority search £7 (no VAT)
• Search providers fee for priority search £1.50 plus VAT of 30p
• HM Land Registry fee £150 (no VAT)
• Electronic money transfer fee £40 plus VAT of £8
• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50-£150.
• Notice of Charge fee (if the property is to be mortgaged) – This fee if chargeable is set out in the lease. Often the fee is between £50-£150.
• Deed of Covenant fee – This fee if chargeable is set out in the lease. Often the fee is between £100-£250.
• Certificate of Compliance fee - This fee if chargeable is set out in the lease. Often the fee is between £100-£250.

Estimated total: £3,323.40-£3,823.40 plus any stamp duty payable

Stamp Duty or Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the HMRC Stamp Duty Calculator or if the property is located in Wales by using the Welsh Revenue Authority Stamp Duty Calculator.

To contact one of our specialist leasehold residential property team members simply email us at enquiries@dollman.co.uk or telephone us on 01883 347823. Or you can fill out our contact form or email our office and someone will be in touch within 24 hours.

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