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Freehold Purchase (Residential)

Freehold Purchase (Residential): Welcome

Our residential freehold purchase fees

Purchase price of property + associated costs

Purchase price of property:
£0 -£499,999

An estimate of our fees:

£995 + VAT + Disbursements

Purchase price of property: £500,000 - £999,999

An estimate of our fees:

£1200 + VAT + Disbursements

Purchase price of property:
Over £1,000,000

An estimate of our fees:

£1500 + VAT + Disbursements

Freehold Purchase (Residential): Price List

Disbursements

These are costs payable to third parties that relate to your purchase, and include:

  • Stamp Duty (this depends on the purchase price of your property. For England, you can calculate the amount of stamp duty land tax you need by using HMRC's website

  • Searches (approximately £300 plus VAT, but this varies on the location of the property)

  • ID searches (approximately £15 per person + VAT)

  • Electronic money transfer (approximately £50 + VAT)

  • Land Registry fees (these are dependent on the purchase price of the property)

​

We require at least 10 working days between exchange and completion. This is regarded as the minimum period in which to deal with all the formalities. If you have a shorter period, then there will be a charge.

Freehold Purchase (Residential): Text

Key stages of purchasing a residential property

  • Take instructions and give you initial advice

  • Check through mortgage offer, respond to lender, explain mortgage deed to you and have it signed (if applicable)

  • Receive contract documentation from sellers' solicitors

  • Apply for searches, raise enquiries on papers received with follow-up enquiries for any outstanding issues/papers

  • Send you contract for signature and advise you thereon

  • Agree completion date and exchange contracts

  • Where money is required from you, send you a financial statement, obtain monies from lender, pay any stamp duty and register the property title at the land registry

Note:

If your matter requires additional work that is not included in the fees indicated above, you will be informed of this and of the nature of the additional costs at the earliest possible opportunity. Our fees indicated above assume this is the purchase of a registered title property and a standard transaction.

 

If the property you are purchasing has unregistered legal title, this may give rise to additional fees. Fees indicated also assume no unforeseen matters arise including, for example, a defect in title which requires remedying prior to completion, or the preparation of additional documents additional to the main transaction.

Freehold Purchase (Residential): Practices
Freehold Purchase (Residential): Text
FREEHOLD SALES
houses with steps leading to front door

Freehold Sale (Residential)

Our residential freehold sale fees

Purchase price of property + associated costs

Sale price of property:
£0 - £499,999

Estimate of our costs:

£995 + VAT + Disbursements

Sale price of property:
£500,000 - £999,999

Estimate of our costs:

£1200 + VAT + Disbursements

Sale price of property:
Over £1,000,000

Estimate of our costs:

£1500 + VAT + Disbursements

Freehold Purchase (Residential): Price List
Freehold Purchase (Residential): Text

Disbursements

These are costs payable to third parties that relate to your sale, and include:

  • ID searches (approximately £15 per person + VAT)

  • Electronic money transfer (approximately £50 + VAT)

  • Land Registry fees (approximately £25 + VAT)

​

We require at least 10 working days between exchange and completion. This is regarded as the minimum period in which to deal with all the formalities. If you have a shorter period, then there will be a charge.

​

Additional fees may be required for indemnity insurance policies if applicable.

Key stages of selling a residential property

  • Take instructions and give you initial advice

  • Make contact with the buyers' solicitors

  • Send draft contract and supporting documents

  • Deal with any additional enquiries raised by the buyers' solicitors and report to you

  • Send you contract for signing

  • Agree completion date and exchange contracts

  • Send you transfer documents for execution

  • Obtain redemption figure

  • Complete and discharge any mortgages, report to you and send you any monies due

Note:

If your matter requires additional work that is not included in the fees indicated above, you will be informed of this and of the nature of the additional costs at the earliest possible opportunity. Our fees indicated above assume this is the sale of a registered title property and a standard transaction.

 

If the property you are selling has unregistered legal title, this may give rise to additional fees. Fees indicated also assume no unforeseen matters arise including, for example, a defect in title which requires remedying prior to completion, or the preparation of additional documents additional to the main transaction.

Freehold Purchase (Residential): Practices

To instruct us in relation to sale or purchase of freehold residential property contact us on:

Freehold Purchase (Residential): Opening Hours

Corringham office:
01375 673968
83a St John’s Way,
Corringham, Essex SS17 7LL
corringham@penmanslaw.co.uk

Stanford office:
01375 677777
Stanhope House, High Street,

Stanford le Hope, Essex SS17 0HA
stanford@penmanslaw.co.uk

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Penmans Law Ltd, T/A Penmans, registered as a limited company in England and Wales under company number: 12823585. Registered address: 83a St John’s Way, Corringham, Essex, SS17 7LL

We are an accredited member of the Law Society's Conveyancing Quality Scheme (CQS). This scheme is administered by the Law Society to provide a recognised quality standard for residential conveyancing practices. Our membership means our expertise and delivery of service has been approved by the Law Society and that we achieve high levels of excellence in our residential conveyancing practices. Our accreditation is subject to annual review by the Law Society, which has been consistently successful since we became scheme members.

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