Leasehold Residential Purchase Pricing

Thank you for looking at our property services. Whether you are buying a property to live in or as an investment, we are here to take the stress out of buying leasehold residential 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.

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

Why Us

We have an experienced team who understand the stress involved in buying, selling or re-mortgaging your property. Our approach is a simple – we provide a first-class service from our expert team who make the difference by taking the stress away from you and dealing with 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 are made up of highly qualified Solicitors who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner, but also have the people skills to ensure you are kept informed of everything you need to know in plain English.

You will have the confidence that you are our priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in 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 not only want to provide the first-class service you deserve, but also real value for money with no hidden fees.

Pricing

We know how important cost is when deciding who to use for leasehold conveyancing, so we review our fees on a regular basis, taking into account clients’ feedback, so we can make sure we always offer great value.

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

Fees

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 valueLegal fees for the purchase of a property (Excluding VAT)
£0 – £99,999.99From £540.00
£100,000.00 – £199,999.99From £640.00
£200,000.00 – £299,999.99From £740.00
£300.000.00 – £499,999.99From £770.00
£500.000.00 – £799,999.99From £900.00
Integra SDLT form fee£50.00 plus VAT
Integra CHAPs payment fee£50.00 plus VAT

If the property purchase price  is over £800,000.00, please contact us for a tailored quote on 0161 870 6629 or via our contact form.

Additional fees that may be payable

 Fee typeCost
If there is a separate firm of solicitors acting for the mortgage lender£250.00 plus VAT
If we are required to act for a mortgage lender£150.00 plus VAT
Shared ownership fee£125.00 plus VAT
Leasehold transaction fee (flat)£125.00 plus VAT
Upgrade of title fee£30.00 plus VAT
Gifted deposit fee£75.00 plus VAT
Indemnity insurance policiesQuoted on a case by case basis
Help to Buy ISA fee£50.00 plus VAT
New build property fee£150.00 plus VAT
Help to Buy equity loan fee£150.00 plus VAT
Right to Buy purchase fee£100.00 plus VAT
Resolving issue with titleQuoted on a case by case basis

Disbursements

Disbursements are any 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 term of the lease. We will update you on specific fees upon receipt and review of the lease from the seller’s solicitors.

ItemRange fromRange to
*Notice of Transfer fee, this fee if chargeable is set out in the lease. Often the fee is:£50.00£150.00
*Notice of Charge fee (if the property is to be mortgaged), this fee is set out in the lease. Often the fee is:£50.00£150.00
*Deed of Covenant fee, this fee is provided by the management company for the property and can be difficult to estimate. Often the fee is:£50.00£150.00
*Certificate of Compliance fee – to be confirm upon receipt of the lease, as the range can be:£50.00£150.00
*Local Authority Search fees vary depending on the local authority providing the search and the search provider that we use. Often the fee is:£80.00£150.00
*Drainage and Water Search fees vary depending on the charges of the water authority. Often the fee is:£30.00£80.00
*Environmental Search fees vary depending on the type of search we request and the area searched.  Often the fee is:£50.00£150.00
HM Land Registry Office copy fees vary depending on the number of documents that are required from HM Land Registry. Often the fee is:£3.00 £21.00
HM Land Registry Registration fees vary depending on the value of the property, please see the following link for a breakdown of the fee scale https://www.gov.uk/guidance/hm-land-registry-registration-services-fees . Often the fee is:£20.00£455.00

* These fees vary from property to property and can on occasions 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.

Stamp Duty Land Tax

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.

Exclusions

We do not undertake tax advice.

Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

Factors that may lead to an increase in cost include:

  • If a legal title is defective or part of the property is unregistered
  • If you discover building regulations or planning permission has not been obtained
  • If crucial documents, we have previously requested from you have not been provided to us
  • If the property is a new build
  • If the property is less than 10 years old
  • If you require to exchange within 6 weeks of instructing us
  • If you require completion within 6 weeks of instructing us
  • If you require simultaneous exchange and completion

Time Scales

For any transaction, the timescales are subject to change depending on when your offer is accepted, and other factors involved. The average process takes between 8-10 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, it could take a further 4 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 12 months. In such, a situation additional charges would apply.

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 prior to completion or the preparation of additional documents ancillary to the main transaction
  • This is the assignment of an existing lease and is not the grant of a new lease
  • The transaction is concluded in a timely manner and no unforeseen complication arise
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required

Key Milestones

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

  • Taking your instructions and giving you initial advice
  • Checking finances are in place to fund purchase and contacting lender’s solicitors if needed
  • Receiving and advising on contract documents
  • Carrying out searches
  • Obtaining further planning documentation if required
  • Making any necessary enquiries of seller’s solicitor
  • Giving you advice on all documents and information received
  • Going through the conditions of your mortgage offer
  • Sending the final contract to you for signature
  • Draft Transfer
  • Advising you on joint ownership
  • Obtaining pre-completion searches
  • Agreeing a completion date (the date from which you own the property)
  • Exchanging contracts and notifying you that this has happened
  • Arranging for all monies needed to be received from lender and you
  • Completing purchase
  • Dealing with payment of Stamp Duty/Land Tax
  • Dealing with application for registration at Land Registry
  • REQUEST A FREE, NO OBLIGATION CONSULTATION

    If you’re looking for a business solicitor you can trust, contact our team of commercial property solicitors today to discuss how we can support your business and its growth.

Read what our customers think

Integra Solicitors provide a professional service. Goes the extra mile and very knowledgeable

Taufeeq Rauf

Integra Solicitors
5
2018-07-06T17:35:54+00:00

Taufeeq Rauf

Integra Solicitors provide a professional service. Goes the extra mile and very knowledgeable

We as a company have instructed Integra Solicitors for a number of years now for pretty much all of our commercial law needs. They have advised us on, amongst other things, our £5.5m share acquisition of another children’s care business, multiple commercial property acquisitions and leases, our group restructuring and our shareholders’ agreement. The level of service has never dropped and we would highly recommend Moyen and the team.

Katie Sammonds - Finance Director, Care 4 Children

 

Integra Solicitors
5
2018-07-11T11:53:05+00:00

Katie Sammonds - Finance Director, Care 4 Children

 

We as a company have instructed Integra Solicitors for a number of years now for pretty much all of our commercial law needs. They have advised us on, amongst other things, our £5.5m share acquisition of another children’s care business, multiple commercial property acquisitions and leases, our group restructuring and our shareholders’ agreement. The level of service has never dropped and we would highly recommend Moyen and the team.

Integra Solicitors have advised us on various matters from banking to planning. They have provided us with a huge source of comfort as we know they are always there for us and can be relied upon.

Alan Box - Managing Director,  Cold Choice Foods

Integra Solicitors
5
2018-07-11T11:54:09+00:00

Alan Box - Managing Director,  Cold Choice Foods

Integra Solicitors have advised us on various matters from banking to planning. They have provided us with a huge source of comfort as we know they are always there for us and can be relied upon.

It is refreshing to finally work with lawyers who genuinely understand my business and consequently give extremely pragmatic and cost effective advice. Integra Solicitors spot issues that even I as the business owner did not see and provide solutions. You will be hard pressed to find better lawyers!

Ian Goehler – Founder and Managing Director, White Collar Fighter

Integra Solicitors
5
2018-07-11T11:53:35+00:00

Ian Goehler – Founder and Managing Director, White Collar Fighter

It is refreshing to finally work with lawyers who genuinely understand my business and consequently give extremely pragmatic and cost effective advice. Integra Solicitors spot issues that even I as the business owner did not see and provide solutions. You will be hard pressed to find better lawyers!

The Integra Solicitors team advised me on the sale of equity and successful exit from a business I was a minority shareholder in. They gave excellent advice and worked hard on my behalf to ensure I received the best deal. Based on my experience, Integra will be my firm of choice for years to come.

Keith Andrews – Retired Professional Football Player and SKY TV Pundit

Integra Solicitors
5
2018-07-11T11:57:09+00:00

Keith Andrews – Retired Professional Football Player and SKY TV Pundit

The Integra Solicitors team advised me on the sale of equity and successful exit from a business I was a minority shareholder in. They gave excellent advice and worked hard on my behalf to ensure I received the best deal. Based on my experience, Integra will be my firm of choice for years to come.

When I was let down by a well-known firm of solicitors, I turned to Integra Solicitors more in hope then expectation. I am pleased to say it was one of the best decisions I have ever made. This is the firm I would recommend, I only wish I had turned to them first.

James Rose – Chief Operating Officer (AIM Listed Company)

Integra Solicitors
5
2018-07-11T11:57:43+00:00

James Rose – Chief Operating Officer (AIM Listed Company)

When I was let down by a well-known firm of solicitors, I turned to Integra Solicitors more in hope then expectation. I am pleased to say it was one of the best decisions I have ever made. This is the firm I would recommend, I only wish I had turned to them first.

Moyen has advised me on my business investments and also on trade mark matters. He is always available, extremely professional and a pleasure to work with.

Junior Hoilett – Professional Football Player

Integra Solicitors
5
2018-07-11T11:55:58+00:00

Junior Hoilett – Professional Football Player

Moyen has advised me on my business investments and also on trade mark matters. He is always available, extremely professional and a pleasure to work with.

My bar/restaurant business has expanded significantly over the last couple of years and Integra Solicitors have acted for me on several leases and business sale and purchases. They are highly responsive and really know their stuff. The Integra team were unfazed by acting opposite large firms and were tough in negotiating key points for me in to the documentation. They are my first port of call for anything legal and I would thoroughly recommend their services.

Umar Vanden - owner of Whiskey Jar, El Capo, Bandito Burrito, Behind Closed Doors

Integra Solicitors
5
2018-07-11T11:54:39+00:00

Umar Vanden - owner of Whiskey Jar, El Capo, Bandito Burrito, Behind Closed Doors

My bar/restaurant business has expanded significantly over the last couple of years and Integra Solicitors have acted for me on several leases and business sale and purchases. They are highly responsive and really know their stuff. The Integra team were unfazed by acting opposite large firms and were tough in negotiating key points for me in to the documentation. They are my first port of call for anything legal and I would thoroughly recommend their services.

As financial advisers to some of the most prominent sportsmen and women we needed lawyers who were highly skilled and responsive. Among other things, Integra Solicitors advised us on our shareholders’ agreement and key employment contracts. Complex provisions were explained in simple terms to us and we were made to feel completely at ease all the way through the process.

Mark Tueart – Director, Lift Sport Financial Advisers

Integra Solicitors
5
2019-03-19T07:49:00+00:00

Mark Tueart – Director, Lift Sport Financial Advisers

As financial advisers to some of the most prominent sportsmen and women we needed lawyers who were highly skilled and responsive. Among other things, Integra Solicitors advised us on our shareholders’ agreement and key employment contracts. Complex provisions were explained in simple terms to us and we were made to feel completely at ease all the way through the process.
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Integra Solicitors

Contact Us

Our team of conveyancing solicitors are here to help you throughout the process of buying or selling your home. To arrange a free initial consultation to discuss how we could help you, call our team 0161 8706629 or fill out the contact form below to request a call from a member of our team.

CALL US TODAY!