Price and services notice—purchase of a leasehold residential property—law firms
Price and services notice—purchase of a leasehold residential property—law firms

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • Price and services notice—purchase of a leasehold residential property—law firms

Purchase of a leasehold residential property

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.

Conveyancer’s fees and disbursements

  1. Legal fee: £[insert amount]

  2. Fee for acting on behalf of the mortgage lender: £[insert amount]

  3. Search fees: £[insert amount]

  4. HM Land Registry fee: £[insert amount]

  5. Electronic money transfer fee: £[insert amount]

  6. VAT payable fee: £[insert amount]

  7. Subtotal (or just this figure): £[insert amount]

Referral fee (if any)

  1. Amount of referral fee paid: £[insert amount]

  2. Recipient of referral fee £[insert amount]

Estimated total: £[insert amount]

Disbursements

Disbursements are costs related to your matter that are payable to third-parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the terms of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s

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