Buying Your Freehold

LEGAL FEES

The fees below are “per lessee” fixed fees and include the setting up of a company, a participation agreement, land registry fees and all other work up to the stage of making an application to the Leasehold Valuation Tribunal (which will increase the costs for each flat owner as illustrated below). The fees do not include the third party fees of a barrister or surveyor (if needed for Leasehold Valuation Tribunal applications).

> 50 lessees                            £300 plus VAT
25-50 lessees                          £375 plus VAT
15-25 lessees                          £425 plus VAT
10-15 lessees                          £450 plus VAT
5-10 lessees                            £500 plus VAT
2-5 lessees                              £550 plus VAT
 

SURVEYING FEES (estimated)

                                VALUATION & SOME NEGOTIATING             EXTRA FOR LVT

> 50 lessees                       £100 plus VAT                              £25 plus VAT
25-50 lessees                     £100 plus VAT                              £50 plus VAT
15-25 lessees                     £100 plus VAT                              £65 plus VAT
10-15 lessees                     £100 plus VAT                              £100 plus VAT
5-10 lessees                       £175 plus VAT                              £150 plus VAT
2-5 lessees                         £250 plus VAT                              £250 plus VAT

In addition to the above costs you will be liable for Disbursments of about £25 per flat for official copy entries, contribution to Land Registration fees and to set up the Company. Also you will have to pay for othe landlord’s legal and surveying costs legal which can vary on a case by case basis but which as a starting point should be roughly similar to yours.