Purchase of Leasehold Property

Purchase of Leasehold Property

Pricing

We know how important cost is when deciding who to use for leasehold conveyancing, so we regularly review our fees to reflect clients' feedback and ensure we always offer great value.

We typically work on a fixed-fee basis, so you know from the outset what your transaction fees will be. If, during the transaction, there is a new development, we will discuss the change in fees with you and agree on a way forward.

Our fees cover all 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 is in Wales.

Property Value

  • £0 - £80,000.00

Fees and Disbursements

  • Legal Fee £800.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £20.00

Property Value

  • £80,000.01 - £100,000.00

Fees and Disbursements

  • Legal Fee £825.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £40.00

Property Value

  • £100,000.01 - £150,000.00

Fees and Disbursements

  • Legal Fee £850.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £100.00

Property Value

  • £150,000.01 - £200,000.00

Fees and Disbursements

  • Legal Fee £900.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £100.00

Property Value

  • £200,000.01 - £300,000.00

Fees and Disbursements

  • Legal Fee £950.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £150.00

Property Value

  • £300,000.01 - £400,000.00

Fees and Disbursements

  • Legal Fee £1,075.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £150.00

Property Value

  • £400,000.01 - £500,000.00

Fees and Disbursements

  • Legal Fee £1,175.00 plus 20% VAT
  • Onboarding fee (including third party administration fees) £40.00 plus 20% VAT
  • Leasehold Fee £500.00 plus 20% VAT
  • Telegraphic Transfer fee £25.00 plus 20% VAT
  • Electronic ID fee £20.00 plus 20% VAT (per person)
  • Search fees £208.90 inc 20% VAT
  • Land Registry search fee £8.80 (£7.00 search fee & £1.50 plus 20% VAT admin fee)
  • Bankruptcy search fee £7.80 per name (£6.00 search fee & £1.50 plus 20% VAT admin fee)
  • Post completion fee £10.00 plus 20% VAT
  • Land registry fee £150.00

Our fees increase by £50.00 plus 20% VAT per £50,000.00 increase in purchase price on a property value between £500,000.01 and £1,000,000. The Land Registry fee for this property value bracket is £295.00.

For a property value over £1,000,000 our fees will be charged at a fee equivalent of 0.25% of the property value plus 20% VAT. The Land Registry fee for this transaction is £500.00.

Professional Leasehold Property Solicitors

Professional Leasehold Property Solicitors

Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling leasehold property.

We will guide you through each step of your transaction, tailoring our service to fit your requirements, so you can have complete peace of mind that every detail has been properly handled. Where necessary, we can also recommend other professionals such as Surveyors, IFAs and property valuers, giving you access to all the expertise you need.

At a time when money really matters, we take care to provide a high-quality, value-for-money service you can rely on. We will keep you regularly informed of every detail you need to know so you can make informed decisions and conclude your leasehold property transaction promptly, with the minimum possible stress and hassle.

Why Choose Us?

Why Choose Us?

We have an experienced team who understand the stress involved in buying, selling or remortgaging your property. Our approach is simple – we provide a first-class service from our expert team, who make the difference by taking the stress away from you and handling all the details of your transaction on your behalf.

We know that communication is key, especially when dealing with the complex issues that can sometimes be involved with leasehold property. Our team is made up of highly qualified professionals who have the legal and technical "know how" to resolve issues as they arise, professionally and efficiently, and also have the people skills to keep you informed of everything you need to know in plain English.

You will have the confidence that you are our priority, with the aim that any member of the team is available to speak with you when you need clarity and certainty at any stage of the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have.

We realised that this is potentially the biggest investment of your life, and we want to provide not only first-class service you deserve but also real value for money, with no hidden fees. We are proud to hold CQS Accreditations, issued by the Law Society, which ensures we maintain the highest levels of client care.

Disbursements

Disbursements are any costs related to your matter that are payable to third parties, such as search fees. We handle disbursement payments on your behalf to ensure a smoother process.

Certain disbursements will be set out in the individual lease for the property. The disbursements we anticipate applying are set out below. This list is not exhaustive, and other disbursements may apply depending on the term of the lease. We will update you on specific fees upon receipt and review of the lease from the seller's solicitors.

* 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 charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Disbursements
Our Fee assumes that:

Our Fee assumes that:

  • This is a standard transaction and that no unforeseen matters arise, including (but not limited to) a defect in title which requires remedying before completion or the preparation of additional documents ancillary to the main transaction.
  • This is the assignment of an existing lease, not the grant of a new one.
  • The transaction is concluded promptly, and no unforeseen complication arises.
  • All parties to the transaction are cooperative, and there is no unreasonable delay from third parties in providing documentation.
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  • Trusted since 1972

    Our reliability is recognised by individuals and businesses.

  • Client Oriented

    We understand and adapt to individual circumstances.

  • Multidisciplinary Team

    Bringing years of expertise across a range of legal issues.

  • Proven Track Record

    Consistently excellent feedback with a 4.7/5 rating on Trustpilot.

Key Milestones

With every transaction, there are key milestones, which may vary according to individual circumstances. They may be as follows:

  • 1. Taking your instructions and giving you initial advice.

  • 2. Checking finances are in place to fund the purchase and contacting the lender's solicitors if needed.

  • 3. Receiving and advising on contract documents and carrying out searches.

  • 4. Obtaining further planning documentation if required.

  • 5. Making any necessary enquiries of the seller's solicitor.

  • 6. Giving you advice on all documents and information received.

  • 7. Going through the conditions of your mortgage offer.

  • 8. Sending the final contract to you for signature.

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    Andrea Pashley

    Andrea Pashley

    Notary Public, Senior Director and Head of Family

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    • Client

      I cannot thank MCF enough for their support in my matter. The full team of Andrea, Catherine and Olivia supported, advised and professionally managed what was a difficult and challenging time for me personally due to the complexity of the case. They were always available to talk to, which led to a real 'family' feeling of togetherness, which then helped me to process information much more easily. I would fully recommend MCF to anyone who requires legal advice to help with a resolution in an efficient and less stressful manner.

    • Client

      I found Nick Pashley professional and thorough from start to finish, highly recommend MCF & co.

    • Client

      Nick Pashley and his level of service was absolutely fantastic

    • Client

      Brilliant service from start to finish Jill McKay went the extra mile with my house sale

    • Client

      Thank you to Jessica for making what could have been a stressful process absolutely seamless.

    • Client

      Amazing team, with polite and competent individuals. Highly recommended for conveyancing services.

    • Client

      I would recommend MCF for anyone who's planning to buy a house.

    • Client

      Sarah was very understanding and very knowledgeable

    • Client

      Thank you for the professionalism and persistence.

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