We are accredited as part of the Law Society’s Conveyancing
Quality Scheme (CQS). The scheme is designed to improve transparency of
transactions, raise service levels and provide better communication and a more
efficient process.
Purchase of a residential property
Our fees cover all of the work required to complete the
purchase of your new home, including dealing with registration at the Land
Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if
the property is in England, or Land Transaction Tax (Land Tax) if the property
you wish to buy is in Wales.
Conveyancer's fees
Our fees are based on a sliding scale determined by a number
of factors but our fees range between £900 + VAT and £3200 + VAT.
In the majority of transactions we will be able to give you
an upfront quote of our legal fees and disbursements (third part costs). If it
is difficult to determine what a transaction will involve we will base our fees
upon the time spent dealing with the transaction at an agreed hourly rate;
however this is quite rare.
For example, for the purchase of a freehold property worth
£250,000 we would generally charge £1000 + VAT.
Our fees assume that:
· it is
a standard transaction and that no unforeseen matters arise including for
example (but not limited to) a defect in title which requires remedying prior
to completion or the preparation of additional documents ancillary to the main
transaction
· the
transaction is concluded in a timely manner and no unforeseen complication
arise
· all
parties to the transaction are co-operative and there is no unreasonable delay
from third parties providing documentation
· no
indemnity policies are required. Additional disbursements may apply if
indemnity policies are required.
Conveyancer's disbursements
Disbursements are costs related to your matter that are
payable to third parties, such as Land Registry fees and Search fees. We handle
the payment of the disbursements on your behalf to ensure a smoother process.
Below is a list of potential disbursements:
· Search
Fees (including pre-completion searches) - £400 (approximately depending on
location of property)
· Electronic
Money Transfer Fee - £49 (incl VAT)
· Electronic
Anti Money Laundering Check - £5 per person
· Lender’s
Transaction Fee - £30 (required by some lenders when buying with a mortgage)
· Stamp
Duty / Land Tax – Please see below
· Land
Registry Registration Fee*
o £0 –
80,000
£20
o £80,001 –
100,000
£40
o £100,001 –
200,000
£100
o £200,001 –
£500,000
£150
o £500,001 –
£1,000,000 £295
o £1,000,000 – and
above £500
* The Land Registry Fee may be double the fee noted above
if we are unable to register the property purchase electronically. We can give
you an accurate figure upon receipt and review of the property documents.
Potential Leasehold Disbursements:
When purchasing a Leasehold property, there are certain
disbursements which will be set out in the individual lease relating to the
Property. The disbursements which we anticipate will apply are set out
separately below.
· Notice
of Transfer fee – This fee if chargeable is set out in the lease. Often the fee
is between £50 - £200.
· Notice
of Charge fee (if the property is to be mortgaged) – This fee is set out in the
lease. Often the fee is between £50 - £200.
· Deed
of Covenant fee – This fee is provided by the management company for the
property and can be difficult to estimate. Often it is between £50 - £200.
· Certificate
of Compliance fee - To be confirmed upon receipt of the lease, as can range
between £50 - £200.
This list is not exhaustive and other disbursements may
apply depending on the term of the lease. These fees vary from property to
property and can on occasion be significantly more than the ranges given above.
We can give you an accurate figure upon receipt and review of the lease.
You should also be aware that ground rent and service charge
are likely to apply throughout your ownership of the property. We will confirm
the ground rent and the anticipated service charge as soon as this we receive
this information
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property. You can
calculate the amount you will need to pay by using HMRC's
website or if the property is located in Wales by using the
Welsh Revenue Authority's website here..
How long will my purchase take?
How long it will take from your offer being accepted until
you can move in to your property will depend on a number of factors. The
average process takes between 8-12 weeks.
It can be quicker or slower, depending on the parties in the
chain. For example, if you are a first time buyer, purchasing a new build
property with a mortgage in principle, it could take less time. However, if you
are buying a leasehold property this can take significantly longer.
Stages of the process
The precise stages involved in the purchase of a property
vary according to the circumstances. However, below we have suggested some key
stages that you may wish to include:
· Take
your instructions and give you initial advice
· Check
finances are in place to fund purchase and contact lender's solicitors if
needed
· Receive
and advise on contract documents
· Carry
out searches
· Obtain
further planning documentation if required
· Make
any necessary enquiries of seller's solicitor
· Give
you advice on all documents and information received
· Go
through conditions of mortgage offer with you
· Send
final contract to you for signature
· Draft
Transfer
· Advise
you on joint ownership
· Obtain
pre-completion searches
· Agree
completion date (date from which you own the property)
· Exchange
contracts and notify you that this has happened
· Arrange
for all monies needed to be received from lender and you
· Complete
purchase
· Deal
with payment of Stamp Duty/Land Tax
· Deal
with leasehold requirements (if applicable)
· Deal
with application for registration at Land Registry
Sale of a residential property
Our fees cover all of the work required to complete the
sale of your property.
Conveyancer's fees
Our fees are based on a sliding scale determined by a number
of factors but our fees range between £900 + VAT and £3200 + VAT.
In the majority of transactions we will be able to give you
an upfront quote of our legal fees and disbursements (third part costs). If it
is difficult to determine what a transaction will involve we will base our fees
upon the time spent dealing with the transaction at an agreed hourly rate;
however this is quite rare.
For example, for the sale of a freehold property worth
£250,000 we would generally charge £1000 + VAT.
Our fees assume that:
· it is
a standard transaction and that no unforeseen matters arise including for
example (but not limited to) a defect in title which requires remedying prior
to completion or the preparation of additional documents ancillary to the main
transaction
· the
transaction is concluded in a timely manner and no unforeseen complication
arise
· all
parties to the transaction are co-operative and there is no unreasonable delay
from third parties providing documentation
· no
indemnity policies are required. Additional disbursements may apply if
indemnity policies are required.
Conveyancer's disbursements
Disbursements are costs related to your matter that are
payable to third parties, such as Land Registry fees. We handle the payment of
the disbursements on your behalf to ensure a smoother process. Below is a list
of potential disbursements:
· Land
Registry Fees (including pre-completion searches) - £10 - £25
· Electronic
Money Transfer Fee - £49 (incl VAT)
· Electronic
Anti Money Laundering Check - £5 per person
Potential Leasehold Disbursements:
When selling a Leasehold property, there are certain
disbursements which will either be set out in the individual lease relating to
the Property or will be stipulated by the Management Company. You will need to
pay for a leasehold information pack. The fee varies from property to property
but we can give you an accurate figure upon receipt and review of the leasehold
information. Often the fee is between £50 - £200.
How long will my sale take?
How long it will take from the buyer’s offer being accepted
until you sale your property will depend on a number of factors. The average
process takes between 8-12 weeks.
It can be quicker or slower, depending on the parties in the
chain. For example, if your buyer is a first time buyer with a mortgage in
principle, it could take less time. However, if you are selling a leasehold
property, this can take significantly longer.
Stages of the process
The precise stages involved in the sale of a property vary
according to the circumstances. However, below we have suggested some key
stages that you may wish to include:
· Take your instructions
and give you initial advice
· Prepare and send contract
documents
· Obtain mortgage
redemption figures (if any)
· Obtain leasehold
information pack (if applicable)
· Take your instructions
regarding any enquiries raised by the buyer’s solicitor
· Approve Draft Transfer
· Give you advice on all
documents to be signed and send to you for signature
· Obtain pre-completion
searches
· Agree completion date
(date from which you no longer own the property)
· Exchange contracts and
notify you that this has happened
· Complete purchase
· Redeem any mortgages
· Account to you with sale
proceeds or transfer funds to any related purchase you may have
Mortgages or re-mortgages of a residential property
Our fees cover all of the work required to complete a new
mortgage or a remortgage of your property.
Conveyancer's fees
Our fees are based on a sliding scale determined by a number
of factors but our fees range between £500 + VAT and £900 + VAT.
I the majority of transactions we will be able to give you
an upfront quote of our legal fees and disbursements (third part costs). If it
is difficult to determine what a transaction will involve we will base our fees
upon the time spent dealing with the transaction at an agreed hourly rate;
however this is quite rare.
Our fees assume that:
· this is a standard transaction and that no unforeseen
matters arise including for example (but not limited to) a defect in title
which requires remedying prior to completion or the preparation of additional
documents ancillary to the main transaction
· the transaction is concluded in a timely manner and
no unforeseen complication arise
· all parties to the transaction are co-operative and there
is no unreasonable delay from third parties providing documentation
· no indemnity policies are required. Additional
disbursements may apply if indemnity policies are required.
Conveyancer's disbursements
Disbursements are costs related to your matter that are
payable to third parties, such as Land Registry fees and search fees. We handle
the payment of the disbursements on your behalf to ensure a smoother process.
Below is a list of potential disbursements:
· Search Fees (including pre-completion searches) - £400 (approximately
depending on location of property)