Buying a new home
Let's get moving
Buying a new home is an exciting life event but it can feel overwhelming when you start the process. Our experienced New Homes Team are here to help you navigate the path to exchanging contracts and moving into your new home. With your own dedicated conveyancer from start to finish, accessing easily understood advice has never been easier than with Foot Anstey.
Simple pricing with no hidden costs.
We understand that transparency is paramount when it comes to the legal fees you need to pay and that there should be no surprises! The figures shown below are indicative of a typical purchase, but the final total will depend on your personal circumstances, please call your dedicated conveyancer or 0345 140 0025 if you would like a personalised quote.
Example of costs involved in the purchase of a new home:
|Purchase price||Below £500k||£500k - £1m||Shared ownership|
|Our fees (+ VAT)||£825||£950||£1,095|
|Bank fee to transfer funds on completion (+ VAT)||£30||£30||£30|
|Stamp duty return filing fee (+ VAT)||£50||£50||£50|
|Third Party charges:|
|No Search Indemnity Insurance (subject to lender)||£9||£9||£9|
|Pre-completion Land Registry search fee (+ VAT)||£6||£6||£6|
|Land Registry Bankruptcy search fees (+ VAT) (per buyer)||£4||£4||£4|
|VAT payable where indicated||£183||£208||£237|
Other possible purchase costs (all + VAT)
- Leasehold Property: £150
- Online ID/Electronic Identification Checks 9per buyer/gift donor): £15
- Help to Buy or Affordable Housing: £200
- Help to Buy or Lifetime ISA (per account holder): £50
- Processing gifted money (per donor): £100
Other purchase third party charges
Land Registry fee for registration: £45 – £1,105 dependent on value.
Stamp Duty Land Tax (SDLT)
We will calculate your SDLT when we take your instructions as this can vary depending upon your circumstances for example if you own other property or you are a first-time buyer. If you would like to estimate this for yourself at this stage, we recommend using the Tax Services’ online calculator which can be found at www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Example of costs involved in selling a home
We can also act for you if you are selling a property in order to purchase your new build. Here are our standard sale costs:
|Sale (all + VAT)||Freehold||Leasehold|
|Bank fee to redeem mortgage (per lender)||£30||£30|
|Third Party charges:|
|Land Registry fees for title documents (est.)||£6||£15|
|VAT payable where indicated||£187.20||£219|
|Total payable on Completion||£1,123.20||£1,134|
Other possible sale costs (all + VAT)
- Discharging any additional mortgages (per mortgage/secured loan): £150
- Dealing with sale of shared ownership property: £150
- Dealing with management company: £150
- Selling an unregistered property: £150
- Sourcing an indemnity policy (+ cost of policy itself): £50
Other possible sale third party charges
Management company fees to answer standard buyer enquiries: Priced by management company (approx. £250)
When comparing quotes from different firms we recommend adding up the total amount payable, including any potential extras shown in the 'small print' so that you can compare costs 'like for like'. We can confirm that we do not charge additional supplements for items such as:
- An additional fee if you are buying with a mortgage or for "acting for your lender"
- Archiving fees
- Postage, photocopying and file storage fees
Please note: If the value of your property you are selling or purchasing exceeds £1m please contact us for a quote.
Why choose Foot Anstey?
There are particular complexities when dealing with newbuild properties, so using a conveyancer who specialises in this area and is familiar with the development you are buying from already can make all the difference in terms of both quality assurance and speed.
Because we are likely to be instructed by numerous plot buyers on a development, we will carry out an extensive title investigation and ask as many questions of the developer’s solicitors as we need to in order to be satisfied that our buyers can safely proceed.
Our new build expertise, our knowledge of your development
and our excellent reputation means:
We can offer reduced fees on developments we already know as we have carried out the required title investigations and are familiar with the site. This allows you to benefit from us not duplicating time and effort and a reduced fee that reflects this. We are able to offer a competitive fee quote because of our extensive knowledge in newbuild and because we handle thousands of transactions each year and not because we compromise on service.
We can proceed quickly on your behalf.
As our checks will have been carried out in advance, we are in a good position to help you achieve a quick exchange, meet the developer’s Target Exchange Date and reduce the risk of your plot being re-marketed.
We have a good relationship with your developer. We are independent of the developer, but we do know them. This can be crucial in keeping a new build transaction on track as we can easily pick up the phone to the right person at the right time to keep your transaction moving and communication flowing. Our priority as a regulated entity is to act for you and in your best interests at all times.
We build successful relationships with everyone involved
We often know your broker and we are familiar with the developer’s solicitors. You want to buy your plot, and the developer wants to sell it to you. If your conveyancer has a good relationship with the other professionals involved, they can all work together to help you achieve a quick exchange.
Finally, and crucially - we are your lawyers
You do not have to use us or any other conveyancer the developer mentions to you, but we hope the benefits we have set out above will encourage you to get in touch for a personalised quote and give you the confidence that we are the right choice for you.
We look forward to helping you move into your exciting new home.
What our clients say
“Excellent service. No fuss. Very professional.”
SRA Transparency Rules
The SRA’s 2018 Transparency Rules require all regulated law firms, who publish as part of their usual business that they offer certain services, to supply information on the prices they charge. By clicking the link you can find all of our pricing transparency documentation relating to new homes.