Help to Buy Solicitors
Key Takeaways
- The Help to Buy administrator has now changed; please liaise with Homes England for customer services on your Help to Buy loan.
- The scheme is closed in England but extended to Wales until 2025. New schemes for first time buyers include Save To Buy and Rent to Buy
- You will need Help to Buy conveyancing solicitors when you're ready to repay your loan or sell your property
- Help to Buy solicitors fees vary from £459 to £900
Help to Buy solicitors or conveyancers do the legal work for repaying the Help to Buy loan.
Help to Buy Solicitors Fees
The solicitor's fees vary depending on whether you are paying off your Help to Buy loan in full or partially. It often costs more to settle partially.
- Help to Buy Repayment Solicitor fees. The solicitor's fees range from £459 to £900 INC VAT; however, these fees may increase if you transfer equity to a partner to add them onto the legal title or refinancing by getting a mortgage. Leaseholds are also more expensive.
We have a hand-selected of excellent Help to Buy conveyancing solicitors and RICS Valuers who will meet Help to Buy requirements. Get a Quote for all of your Help to Buy repayment needs.
Example of Help to Buy Solicitors Fees
This is an example of conveyancing fees for a redemption for £250,000:
Description | Cost |
Help to Buy Solicitor Fee | £399 INC VAT |
Land Registration The Land Registry cost is based on the price of your property. Read about the land registration charge. | £20-£140 |
Local Authority Search Indemnity You will have obtained a local authority search when you originally purchased the property. When you remortgage, most mortgage lenders are happy to accept local authority search indemnity insurance to protect against any changes in the search; however, some require a new local search, so we'll inform you if the latter is the case. | £50 |
Online ID Check Chargeable per client. Find out what ID our solicitor accepts | £18 INC VAT |
Official Copy of Register and Title Plan (per title) | |
| £45 INC VAT(if applicable) |
(if leasehold) Official Copy of the Lease | |
(if leasehold) Notice to freeholder When updating the leasehold title, you may need to pay the freeholder/management company a notice fee. They confirm the notice fee to us during the process; however, you can ask them for their fee if you want to do so. | £TBC |
You can read our terms and conditions here - Terms and Conditions
We can also help with a local RICS surveyor (if required) | |
|---|---|
RICS Help to Buy Valuation Report INC VATOur quote is for a Help to Buy Equity Loan approved RICS valuer to provide an independent market valuation of your property. The valuation reports last for 3 months and will come with a site visit to assess the property's condition, comparable to recently sold properties of similar condition and delivered on RICS-headed paper. We can't value properties with cladding issues. | £360 |
Caragh is an excellent writer in her own right as well as an accomplished copy editor for both fiction and non-fiction books, news articles and editorials. She has written extensively for SAM for a variety of conveyancing, survey and mortgage related articles.
