Residential Conveyancing

Purchase of a freehold 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

  • Legal fees. These are likely to be between £750/1500 plus vat for a purchase of any property up to the value of £2,000,000. This is based upon work of between 5-10 hours at an average hourly rate of £150 plus vat.

Our fee assumes that:

  1. 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.
  2. the transaction is concluded in a timely manner and no unforeseen complication arise.
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  4. no indemnity policies are required. Additional disbursements by way of premiums may apply if indemnity policies are required.
  5. no monies are being provided by a party other than our client (for example by a mortgage lender, third party deposits, contributions from parents or other relatives).
  6. the chain is no longer than four properties.
  7. there is no element of Help to Buy in any property in the chain, including any Help to Buy ISA or other similar products.
  8. all joint purchasers are proposing to hold the property as joint tenants.
  9. the property is not a new-build property.
  10. the property is not a buy to let property.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply.

  • Search fees. Estimated £350/500 (including VAT) (these vary depending upon the location, nature, type of the property).
  • HM Land Registry fee. Between £20-£540 depending on the price or value of the property.
  • Land Registry Search fee £3 per search
  • Land Charges Search fee £2 per name
  • Stamp Duty Land Tax. Please see below.
  • Electronic money transfer fee £42.00 (including VAT).

Stamp Duty/ Land Tax

How long will my freehold purchase take?

How long it will take from your offer being accepted until you can move into your property will depend on a number of factors. The process usually takes between 8-10 weeks.

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

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that may be included:

  • 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 will 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.
  • Send you the deeds.

Purchase of a leasehold 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

  • Legal fees. These are likely to be between £900-1650 plus vat for a purchase of any property up to the value of £600,000. This is based upon work of between 6-11 hours at an average hourly rate of £150 plus vat.

Our fee assumes that:

  1. 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.
  2. this is the assignment of an existing lease and is not the grant of a new lease.
  3. the transaction is concluded in a timely manner and no unforeseen complication arise.
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  1. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  2. no lease extension work is required.
  3. no monies are being provided by a party other than our client (for example by a mortgage lender, third party deposits, contributions from parents or other relatives).
  4. the chain is no longer than four properties.
  5. there is no element of Help to Buy in any property in the chain including any Help to Buy ISA or other similar products.
  6. all joint purchasers are proposing to hold the property as joint tenants.
  7. the property is not a new build property.
  8. the property is not a buy to let property.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. 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 below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

  • Search fees. Estimated £350/500 (including VAT) (these vary depending upon the location, nature, type of the property).
  • HM Land Registry fee. Between £40-£540 depending on the value of the property.
  • Stamp Duty Land Tax. Please see below.
  • Land Registry Search fee £3
  • Land Charges Search fee £2 per name
  • Electronic money transfer fee £X (including VAT).

Anticipated Additional Disbursements

  • Notice of Transfer fee. This may be between £60 and £180 (including VAT), or more.
  • Notice of Charge fee (if the property is to be mortgaged). This may be between £60 and £180 (including VAT), or more
  • Deed of Covenant fee (if required by the Lease).       This fee can be difficult to estimate. This may be between £84 and £360 (including VAT), or more
  • Certificate of Compliance fee (if required due to a restriction on the deeds). This can range between £120 and £240 (including VAT), or more.
  • Fee for new Share Certificate in freehold (if applicable). This may be between £60 and £180 (including VAT), or more.

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 once we have sight of your specific documents.

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/ Land Tax

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.

How long will my leasehold purchase take?

How long it will take from your offer being accepted until you can move into your property will depend on a number of factors. This process usually takes between 8-10 weeks.

If, however, you are buying a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation, additional charges would apply.

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

Stages of the process

The precise stages involved in the purchase of a residential leasehold 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.
  • 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.
  • Notify the Landlord/managing agents and deal with any Deed of Covenant and/or Certificate of Compliance (if applicable).       Deal with new Share Certificate in freehold (if applicable).
  • Deal with application for registration at Land Registry.
  • Send you the deeds.

Sale of a freehold residential property

Our fees cover all of the work required to complete the sale of your home, including dealing with the repayment of your mortgage (if applicable) and the payment of estate agents.

Conveyancer's fees

  • Legal fees. These are likely to be between £750-1500 plus vat for a sale of any property up to the value of £2,000,000. This is based upon work of between 5-10 hours at an average hourly rate of £150 plus vat.

Our fee assumes that:

  1. 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.
  2. the transaction is concluded in a timely manner and no unforeseen complication arise.
  3. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  4. no indemnity policies are required. Additional disbursements by way of premiums may apply if indemnity policies are required.
  5. the chain is no longer than four properties.
  6. there is no element of Help to Buy in any property in the chain including any Help to Buy ISA or other similar products.
  7. the property is not a buy to let property.

Disbursements

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply.

  • Fee for copy deeds from H M Land Registry £6 per copy.
  • Electronic money transfer fee £42 (including VAT) per transfer, for example to redeem your mortgage (if applicable), to account to you for the net proceeds of sale.

How long will my property sale take?

How long it will take from an offer being accepted until you can move will depend on a number of factors. This usually takes between 8-10 weeks.

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

Stages of the process

The precise stages involved in the sale of a residential 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 contract documents.
  • Obtain further planning documentation if required.
  • Dealing with enquiries raised by buyer's solicitor.
  • Send final contract to you for signature.
  • Agree completion date.
  • Exchange contracts and notify you that this has happened.
  • Obtain a settlement figure from your lender (if applicable).
  • Complete sale.
  • Deal with repayment of your mortgage (if applicable).
  • Pay estate agents (if applicable).
  • Account to you for net sale proceeds.

Sale of a leasehold residential property

Our fees cover all of the work required to complete the sale of your home, including dealing with repayment of your mortgage (if applicable) and the payment of estate agents.

Conveyancer's fees

  • Legal fees. These are likely to be between £900-1,650 plus vat for a sale of any property up to the value of £2,000,000. This is based upon work of between 6-11 hours at an average hourly rate of £150 plus vat.

Our fee assumes that:

  1. 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.
  2. this is the assignment of an existing lease and is not the grant of a new lease.
  3. the transaction is concluded in a timely manner and no unforeseen complication arise.
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  6. the chain is no longer than four properties.
  7. there is no element of Help to Buy in any property in the chain including any Help to Buy ISA or other similar products.
  8. the property is not a buy to let property.

Disbursements

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

  • Fees for copy deeds from H M Land Registry £6 per copy.
  • Managing agent’s fees. Estimated at £350 (including VAT). This fee is set by the managing agents and can vary significantly.
  • Electronic money transfer fee £42 (including VAT) per transfer, for example to redeem your mortgage (if applicable), to account to you with the net proceeds of sale.

Anticipated Additional Disbursements

  • Licence to Assign fee (if required by the Lease).       This fee can be difficult to estimate. It may be between £360 and £660 (including VAT), or more.
  • Deed of Covenant fee (if required by the Lease).       This fee can be difficult to estimate. It may be between £84 and £360 (including VAT), or more.

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 once we have sight of your specific documents.

How long will my property sale take?

How long it will take from an offer being accepted until you can move will depend on a number of factors. The process usually takes between 8-10 weeks.

If, however, you are selling a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation, additional charges would apply.

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

Stages of the process

The precise stages involved in the sale of a residential 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 contract documents.
  • Obtain further planning documentation if required.
  • Contact the managing agents for their leasehold pack.
  • Dealing with enquiries raised by buyer's solicitor.
  • Send final contract to you for signature.
  • Agree completion date.
  • Exchange contracts and notify you that this has happened.
  • Obtain a settlement figure from your lender (if applicable).
  • Complete sale.
  • Deal with repayment of you mortgage (if applicable).
  • Pay estate agents (if applicable).
  • Account to you for net sale proceeds.

Mortgage/Remortgage of residential property

This is work we do not usually undertake because we are not on the Panel of Conveyancers of most Lenders. In the event that you require a mortgage/remortgage and we can act for you, we will discuss with you our likely fee and disbursements and scope of work.

Contact

Lucy Tarrant
Solicitor & Managing Director