Reliable Legal Guidance for a Hassle-free Property Purchase
Choosing the right solicitor to guide you through what can be a stressful time can be the most important decision you can make. The right solicitor will reduce the chance that your purchase fails and should help to ensure that it completes in a time efficient way.
At Broadstone Legal we will provide you with a transparent fixed fee quote for both legal fees and the other expenses involved in the legal formalities to allow you to budget for the costs involved.
Our work for you includes:
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Approving the contract and, if required, negotiating amendments
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Reviewing the legal Title to the Property, including the Freehold Title
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Undertaking searches and raising enquiries
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Exchanging contracts and undertaking pre-completion searches
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If the purchase property is located within a development which is subject to Estate Management, we will review and report to you on the content of the information pack provided by the estate manager (we will make an additional charge for doing so)
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Reporting to you on our investigations
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Accounting to you with a Completion Statement
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Completing the purchase for you and, paying the purchase price to the seller's solicitors
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Submitting your Stamp Duty Land Tax return to HM Revenue and Customs (or, for properties based where the property is in Wales, submitting your Land Transaction tax return to the Welsh Revenue Authority) and paying any Duty owed
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Registering your ownership of the property at HM Land Registry
JARGON EXPLAINED
CHARGES
As an example, our estimated charges for acting for you in the purchase of a freehold property at an agreed price of £250,000 would be:
Legal Fees | Price |
|---|---|
Fixed Legal fee for your purchase | £1,100 |
VAT (at 20%) | £220 |
Search reporting fee | £100 |
VAT (at 20%) | £20 |
Electronic Transfer fee | £30 |
VAT (at 20%) | £6 |
Mortgage processing fee (ifapplicable) | £35 |
VAT (at 20%) | £7 |
Legal Fees | Price |
|---|---|
Search fees | £325 |
Client Identity Check (per person, including VAT) | £14.40 |
HM Land Registry fee | £150 |
Stamp Duty Land Tax (assuming you are not a first time buyer) | £2,500 |
Land Registry priority search | £7 |
Land Registry bankruptcy search (per person) | £6 |
Note: Our prices are correct at 1 April 2025 and represent our costs in a straightforward matter. Should additional work be required we reserve the right to make a charge for our time. We will advise you of the cost of any additional work before proceeding.
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# BroadstoneLegal
Bressingham Gardens, Suffolk