Buying & Selling Property
Whether it’s your first home or a “buy-to-let” investment, everyone seeks to avoid the stress and uncertainty of a long and complicated transaction.
Our property team at EDS are strongly poised to help ensure all matters progress smoothly with an excellent reputation developed locally for fast, efficient transactions with excellent communication and face to face contact.
The team strive to ensure you are kept updated at all stages of the process and promise to talk to you in language you understand avoiding legal jargon.
Crucially, our team are local in the office when you need to talk to them or need advice on any issues as they arise. Call us old fashioned, but we don’t believe in good client service being offered by long distance call centres and anonymous representatives when it comes to property transactions.
Offering services from our Atherstone, Coleshill and Marston Green offices, our team has over 20 years experience on all areas of property law to include sale, purchase, freehold purchases and transfer of equity.
Fees for buying and selling property
| Sale – Freehold | Fee plus VAT |
| £0 to £150,000 | £700 |
| £150,000 to £250,000 | £750 |
| £250,000 to £350,000 | £800 |
| £350,000 to £500,000 | £850 |
| £500,000 to £750,000 | £900 |
| £750,000 to £1,000,000 | £1,000.00 |
Fees increase by £175 for leasehold sales.
| Purchase – Freehold | Fee plus VAT |
| £0 to £150,000 | £700 |
| £150,000 to £250,000 | £750 |
| £250,000 to £350,000 | £800 |
| £350,000 to £500,000 | £850 |
| £500,000 to £750,000 | £900 |
| £750,000 to £1,000,000 | £1,000.00 |
Fees increase by £175 plus VAT for leasehold purchases.
An additional cost of £30 plus VAT is charged if purchasing with a mortgage.
On a sale or purchase above £1,000,000, please call our office.
For a leasehold sale and/or purchase, there is a possibility of additional fees associated with obtaining the Leasehold Sales Pack. This is advised on an individual basis. This fee is set by third parties and is often not known at the start of transaction. Please contact us for more information.
| Other | Fee plus VAT |
| Purchase of freehold | £500 |
| Transfer of equity and remortgage | £600 |
| Remortgage | £500 |
| Transfer of equity | £500 |
| New Build | additional £200 |
| Right to buy (freehold) | £500 |
| Right to buy (leasehold) | £550 |
| Help to Buy scheme | additional £125 |
| Help to Buy ISA | additional £75 |
| Company purchase without a mortgage | additional £100 |
| Company purchase with a mortgage | additional £175 |
| Redeem Target HCA charge | additional £50 |
| Repayment of mortgage upon completion | £36 per mortgage |
| Standard search package* | Fee |
| Water and drainage, local search, environmental & chancel repair insurance search | £195.33 |
*All purchases are different. Depending upon conveyance results some additional searches may be required. Fees are dependant on what we are charged by third parties.
| Telegraphic transfer | Fee |
| Sending purchase funds to Seller Solicitor | £36 |
| Land registry searches* | Fee |
| Land Registry priority search | £3 |
| Land Registry bankruptcy search | £2 per person |
| ID Check | Fee |
| Thirdfort | £9.95 plus VAT |
*When purchasing a property, a buyer will always require a Land Registry priority search. A buyer will only require a bankruptcy search if the purchase is funded by a mortgage.
| Value of property | Postal application** | Electronic application*** |
| £0-£80,000 | £40 | £20 |
| £80,001-£100,000 | £80 | £40 |
| £100,001-£200,000 | £190 | £95 |
| £200,001-£500,000 | £270 | £135 |
| £500,001-£1,000,000 | £540 | £270 |
| £1,000,001 and over | £910 | £455 |
**Postal applications are for registered land.
***Electronic applications are for unregistered land and new build properties.
With some purchases there is a possibility of a stamp duty charge, payable in accordance with Government procedure at the time of purchase. This is advised on an individual basis – please contact us for more information.
| Stamp duty | |
| Property value/lease premium/transfer value | Stamp duty rate |
| Up to £125,000 | 0% |
| The next £125,000 (from £125,001-£250,000) | 2% |
| The next £675,000 (from £250,001-£925,000) | 5% |
| The next £575,000 (from £925,001-£1,500,000) | 10% |
| The remaining amount (above £1,500,001) | 12% |
Please note: the Stamp Duty charges stated above may be reduced in line with current Government concessions
| Any balance due to the client | Fee |
| Same day payment | £5 |
| Next day payment | Free of charge |
| BACS | Free of charge |
| CHAPS | £36 |
Get in touch with our Conveyancer Carole Walford at our Marston Green office
or Solicitor & Partner Matthew Adams