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. As every property is different we suggest you telephone to speak with us regarding an accurate quote for your property purchase.
We set out below by way of example the possible charges you will need to consider.
|Up to £150,000||£650 + VAT|
|Up to £250,000||£700 + VAT|
|Up to £300,000||£750 + VAT|
|Up to £400,000||£800 + VAT|
|Up to £450,000||£850 + VAT|
|Up to £500,000||£900 + VAT|
|OVER £500,000 EXTRA £25 PR £50,000|
|Up to £250,000||£750 + VAT|
|Up to £300,000||£800 + VAT|
|Up to £400,000||£850 + VAT|
|Up to £450,000||£900 + VAT|
|Up to £500,000||£950 + VAT|
|OVER £500,000 ADDITIONAL £50 PR £50,000|
LEASEHOLD ADDITIONAL £175 + VAT
NEWBUILD ADDITIONAL £175 + VAT
PURCHASE OF FREEHOLD REVERSIONARY £625 + VAT
TRANSFER OF EQUITY £550 + VAT
REMORTGAGE £550 + VAT
TRANSFER OF EQUITY + REMORTGAGE £850 + VAT
DECLARATION OF TRUST £175 + VAT
HELP TO BUY ISA ADDITIONAL £50 + VAT
GIFTED DEPOSIT ADDITIONAL £175 + VAT
Our fee assumes that:
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.
An example of the disbursements are as follows:
For example the purchase of a freehold property for £175,000 in the Preston City Council Area by two purchasers requiring a mortgage would be as follows:
Thurnhills Fees for Conveyancing - £750 Plus Vat of £150 Thurnhills Fees for Bank Transfer - £30.00 Plus Vat of £6.00
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.
If your property is leasehold there can be a number of additional disbursements and fees. Some of these may be set out in the lease.
Thurnhills Solicitors Additional Fees for dealing with Leasehold
Considering the standard charges and additional leasehold charges therefore in the above example at a leasehold purchase of £175,000 the total costs could be £925 + VAT together with the usual disburesements and Disbursements in connection with the lease of between £100 and £800 depending on the terms of the lease. *These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents. You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
The various stages of the process that we will undertake can include the following:
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 12-16 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 (and if the property has already been constructed), it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.