For most people, the buying of a new home, or the selling your existing home can be one of the most stressful times of your life. Apparently only divorce comes higher. Our residential property team, headed by Julie Ashley, a director of the firm and a Solicitor with 36 years experience of dealing with conveyancing matters, understands this. They also understand the importance of communicating with everyone involved in the process, the importance of acting quickly so there are no delays and most importantly, in providing a value for money service.
Usually, a house purchase (or sale) involves a chain of transactions which extends beyond your immediate control. Timing, negotiation and often a sense of humour all play a vital part in achieving a successful outcome for you.
Our residential property team offers a high-quality property service which is responsive and competitively priced. The team have many years experience and knowledge which helps to ensure transactions proceed as smoothly and quickly as possible.
Our property team can also deal with the mortgage of your property is a fast and efficient manner.
Conveyancing fees for the re-mortgage of a property
Where the Mortgage Advance is:
| Up to £150,000.00 | £500.00 plus VAT of £110.00 total £660.00 |
| £150,000.00 to £300,000.00 | £660.00 plus VAT of £130.00 total £780.00 |
There will be an additional legal fee of £25.00 plus VAT of £5.00, totalling £30.00, for the transfer of each sum of money by electronic transfer required in relation to the re-mortgage.
Disbursements
| Search package | £270.00 approximately |
(comprising Local, Mining, Environmental and Drainage Searches)
| Land Charge Search | £2.00 |
| Land Registry Search | £4.00 |
| Land Registry Fee | £45.00 to £655.00 |
(depending on the price of the property)
Conveyancing fees for the sale of purchase of a property
Property price:
| Up to £300,000.00 | £850.00 plus VAT of £170.00 total £1,020.00 |
| £300,000.01 to £500,000.00 | £950.00 plus VAT of £190.00 total £1,140.00 |
| £500,000.01 to £750,000.00 | £1,100.00 plus VAT of £220.00 total £1,320.00 |
| £750,000.01 and above | Please contact us |
There will be an additional charge of £25.00 plus VAT of £5.00, totalling £30.00, for the transfer of each sum of money by electronic transfer required on any sale or purchase.
In addition to the above legal fees there will be disbursements to be paid by the client as follows:
Relating to a sale
| Office copies fees | £6.00 |
Relating to a purchase
| Search package | £270.00 approximately |
(comprising Local, Mining, Environmental and Drainage Searches)
| Land Charge Search | £2.00 |
| Land Registry Search | £4.00 |
| Land Registry Fee | £45.00 to £655.00 |
(depending on the price of the property)
Stamp Duty Land Tax depends on the price paid, more information can be found at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Please note: Existing clients of the firm will be given a discount against the above fees. If the transaction does not complete then the fees will be one third of stated above plus any disbursements. If additional work is carried out which is not part of the usual conveyancing procedure then additional fees will be payable:
| Help to Buy ISA | £60.00 (£50.00 plus VAT of £10.00) |
| Help to Buy Scheme | £600.00 (£500.00 plus VAT of £100.00) |
| Declaration of Trust | £240.00 (£200.00 plus VAT of £40.00) |
| Statutory Declaration | £120.00 (£100.00 plus VAT of £20.00) |
Timescale
It is difficult to say how long it will take for a sale or purchase of a property to be completed as this depends on many factors. However, on average a sale or purchase could be completed in around 10 to 16 weeks. Some matters could be completed sooner than that and some matters can take longer.
Key stages of a transaction
Sale of a property
- Taking your instructions
- Obtaining copies of the Register of Title or the Title Deeds
- Preparing the draft Contract and supporting documents
- Dealing with enquiries
- Attending with you to go through the Contract
- Exchanging contracts
- Replying to Requisitions
- Completing the sale
- Paying off any Mortgage on the property
- Preparing a Completion Statement
- Accounting to you for the sale proceeds
Purchase of a property
- Taking your instructions
- Receiving a draft Contract
- Submitting Searches
- Raising enquiries
- Receiving Mortgage Instructions
- Attending you to go through the Contract documents
- Exchanging Contracts
- Obtaining your Mortgage Advance and dealing with requirements of Lender
- Preparing a Completion Statement
- Completing the purchase
- Paying any Stamp Duty Land Tax
- Registering the property at the Land Registry
Re-Mortgage of a property
- Taking your instructions
- Receiving your Mortgage Offer
- Submitting a request for any Searches required
- Dealing with the requirements of the Lender
- Obtaining redemption figures for existing Mortgage(s)
- Attending you to go through the Mortgage Offer
- Completing the Mortgage
- Paying off any existing Mortgage
- Registering the Mortgage at the Land Registry