Conveyancing

PROPERTY PURCHASE

When we provide our estimate, it is based on the information available at the time and it is occasionally the case that matters arise which have to be dealt with which were not included in the original estimate. Should this happen we will let you know and provide an estimate for dealing with that work on your behalf.

We charge a standard professional fee for selling your property which incorporates the basic work required to sell your property.

Our standard professional fees are as follows: -

Legal Fees: £650-£5000

In addition to our standard professional fees, we may have to undertake additional work on your behalf in the course of progressing your Matter. These additional fees are as follows: -

Additional work	Additional Fees
Administering Gifted Deposit	£75.00-£295.00
Help to Buy	£100-£400.00
Limited Company Purchase	£ 195.00
Supplementary fee where your property is leasehold (covering the additional work completed by us)	£100-£300.00
Abortive fees where your matter does not progress to completion.	£pro rata based upon the amount of work done prior to withdrawal

DISBURSEMENTS
Disbursement 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.

Land Registry Office Copy Entries, (Help to Buy £6.00) Non-to Buy (£3.00)

Land Registry Fees- £40.00-£910.00

Bankruptcy Search -£3.00 per person

AML/ID Check – £7.20 per person

Search Pack- £295-£500 (Estimate)
Management Pack (estimate) – £300.00 (plus VAT)

UK Telegraphic Transfer Fee -£25.00 per transfer

Electronic Land Registry Filing Fee -£4.00

Electronic SDLT Filing Fee - £4.00

Note:

Additional fees may apply for a number of reasons, for example, a Defect in Title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction. The Transactions not completing timely matter, parties uncooperative or unnecessary delay from their party ETC.

Stamp Duty /Land Tax (SDLT)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority's website.

STAGES OF THE PROCESS
The precise stages involved in the purchase of a residential property vary according to the circumstances – the key stages are as follows;

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
• Request management pack (leasehold only)
• Raise enquiries on the management pack (leasehold only)
• Read and advise on the lease and raise enquiries (leasehold only)
• 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
• Personal attendance with you to go through the paper work and sign the contract
• 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 application for registration at Land Registry
• Deal with post completion Notices (leasehold only)

How long will my property purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6 – 8 weeks.

It can be quicker or slower, depending on the parties in the chain (where applicable). For example, if you are a first-time buyer, purchasing a freehold house with a mortgage in principle, it could take 8 – 10 weeks. However, if you are buying a leasehold property with a Management Company it can take from 12 – 16 weeks especially if there is a chain

PROPERTY SALE:

The following fee information gives an indication of our fees for the sale of a residential property including redeeming any mortgage secured against the property.

Legal Fees: £600-£4000

Additional work	Additional Fees
Supplementary fee where your property is leasehold (covering the additional work completed by us)	£100-£300.00
Limited Company Slae	£ 195
Abortive fees where your matter does not progress to completion.	£pro rata based upon the amount of work done prior to withdrawal

Note:

STAGES OF THE PROCESS
The precise stages involved in the sale of a residential freehold property vary according to the circumstances – the key stages are as follows;
• Take your instructions and give you initial advice
• Arrange for you to complete the protocol forms
• Obtain and investigate the title to the property and your right to sell the property
• Obtain a redemption statement from your mortgage lender
• Obtain replies to enquiries from any management company
• Prepare contract documents and send these to the buyer’s solicitor
• Respond to any necessary enquiries of the buyer’s solicitor
• Give you advice on all enquiries received
• Send final contract to you for signature
• Agree completion date (date on which you sell the property)
• Exchange contracts and notify you that this has happened
• Calculate any apportionments to be collected
• Arrange for all monies required to be collected from the buyer’s solicitor
• Pay the estate agent, if any
• Redeem the mortgage, if any
• Account to you.

How long will my property sale take?
How long it will take from the offer being accepted until the sale completes will depend on a number of factors. The average process takes between 6-8 weeks.

It can be quicker or slower, depending on the parties in the chain.

Property Remortgage

The following fee information gives an indication of our fees to complete the remortgage of your property.

Legal Fees: £450-£1500

Note: