Buying Freehold Property

Fees involved when buying a freehold property

Our fixed fees cover all of the work required when buying freehold property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

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What are the stages of buying freehold property?

  1. Take your instructions and give you initial advice.
  2. Check finances are in place to fund purchase and contact Lender’s solicitors if needed.
  3. Receive and advise on Contract documents.
  4. Carry out searches.
  5. Obtain further planning documentation if required.
  6. Make any necessary enquiries of Seller’s solicitor.
  7. Give you advice on all documents and information received.
  8. Go through conditions of mortgage offer with you.
  9. Send final Contract to you for signature.
  10. Agree completion date (date from which you own the property).
  11. Exchange Contracts and notify you that this has happened.
  12. Arrange for all monies needed to be received from Lender and you.
  13. Complete purchase.
  14. Deal with payment of Stamp Duty / Land Tax.
  15. Deal with application for registration at the Land Registry.

Once we know the value of your property, we are happy to provide you with a bespoke quote, talk you through the process and answer any questions that you might have. Most of this can be done over the telephone and by email, however, if you would like to meet your property lawyer, a face-to-face appointment can be arranged at our Camden or Hampstead Office.

In order to satisfy mandatory money laundering checks, you will need to attend our office so we can certify your documents.

Fees and disbursements for buying freehold property:

Legal fee:

Our fees will depend on the value of the freehold property you are purchasing and will range from £950.00 to £2,250.00 plus VAT*

Search fees:

Land Registry Priority Search fee – £3.00

Bankruptcy Search fee (if obtaining a mortgage) – £2.00 per name

Search fees (includes Local Authority, drainage, environmental, Chancel, flood and planning searches) – £350.00 approximately

HM Land Registry fee:

This mandatory cost is set by the Land Registry and depends on the value of the freehold property you are purchasing. The fee will range from £20.00 to £910.00.

Electronic Money Transfer fee:

£15 plus VAT per payment.

VAT:

You will only pay VAT on our legal fees and the cost to make an electronic money transfer.

Referral fees

For some transactions, we do pay referral fees. The amount of any referral fee will be disclosed to you at the commencement of the transaction. To be clear, these referral fees are paid by us to third parties and not by you.

*Our fee assumes that:
Your property purchase is a standard transaction and that no unforeseen matters arise including for example (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. The maximum fee shown is for a purchase price of a freehold property between £1,400,000.00 and £1,500,000.00. Please contact us for a quote if the purchase price is above £1,500,000.00
  • I've recently used Osbornes for my home purchase and an equity transfer. Rachael was fantastic all the way through, keeping me informed and up to speed as to the purchase progress.

    Nicky I, Google Review

  • We hope not to move again for a long time, but when we do we will choose Osbornes for the conveyancing. Thank you.

    Mike B, Trustpilot

  • Buying and selling a house can often be a challenging process, but communication and service I received from Osbornes was second to none. I would recommend them without hesitation - 5 stars

    Michelle B, Trustpilot

  • I have used Osbornes a few times and I’m really happy with the service provided. They provide a very professional, polite and efficient service and I would highly recommend them.

    Sam, Trustpilot

  • Osbornes team was great with the sale of our property, everything went smoothly and very responsive

    Rachel, Trustpilot

  • Osbornes are really thorough, professional & friendly. They were aware of the need for haste in my sale & they did everything they could to achieve the results of completing before the end of the SDLT holiday.

    Laurence H, Trustpilot

Speak to a Conveyancing Solicitor Today

For a free initial conversation call 020 7485 8811

Email us Send us an email and we’ll get back to you






    What are disbursements:

    These are costs related to your house purchase that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure there is no delay in your purchase.

    Will I pay Stamp Duty or Land Tax?:

    The rate of Stamp Duty or Land Tax that you pay will depend on the purchase price of your property, and your property lawyer will advise you of what this is. There is also a tax relief if you are a first time buyer and again, your property lawyer will provide you with full information.

    You can calculate the amount of stamp duty you will need to pay using the HMRC calculator

    How long will my freehold house purchase take?:

    How long it will take from your offer being accepted until you can move into your house will depend on a number of factors including whether you are part of a chain. There are often external factors which can delay the process and often the major issue is that exchange of Contracts cannot take place until all parties in the chain are ready. Obviously, the time it takes will depend on the complexity of the matter and the number of parties involved.

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