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THE LEGAL EXPERTS FOR YOU AND YOUR BUSINESS

Residential conveyancing (freehold sale or purchase, leasehold sale or purchase, mortgages and remortgages)

Price information for individuals regarding conveyancing (freehold sale or purchase, Leasehold sale or purchase, mortgages and re-mortgages)

In order that we may provide you with the most accurate quote possible please follow the link at the bottom of this page to our online calculator and answer the questions as carefully as possible. Please note that by requesting a quotation you are under no obligation to either accept the quote or instruct this firm.

Additional information on the quote generated

We have set out below an explanation of the various elements which are set out in the quote.

A.      Fees payable in all cases

  • Legal Fees

The amount shown under the heading Legal Fees will cover the work that we will carry out to complete the sale or purchase of your new home, your mortgage or your re-mortgage. This will include registering your ownership of the property at H M Land Registry and payment of Stamp Duty Land Tax (or Land Transaction Tax if the property you wish to buy is in Wales) The section headed “Supplements” in the quote details additional legal fees that may be payable in certain circumstances,, for example if the property that you are buying is leasehold or is a new build there is much more work involved than if you are buying a freehold property which is not a new build.

VAT is charged at the standard rate, details of which can be found here

  • Disbursements

These are costs relating to your matter that are payable to third parties, they include search fees, bank transfer fees and Land Registry fees. We deal with the payment of disbursements on your behalf to ensure a smooth process.

  • Stamp Duty Land Tax (SDLT)

SDLT is a complex tax and the calculator will provide information based on the information that you input. However, the calculator cannot cover every individual set of circumstances so if you choose to instruct us we will further discuss your individual circumstances with you and advise whether anything that you tell us alters the SDLT calculation, for example, if the property that you are buying has a separate annex that may sometimes affect the amount of SDLT that you pay.

  • Mortgage Fee

If you are buying your property with the assistance of a mortgage, then additional legal work is necessary to comply with the requirements of your mortgage lender, this includes the need to report on gifted deposits, request mortgage funds and to deal with the mortgage lender’s post completion requirements.

  • Searches

Our quotations include a set of searches generally required in all transactions. These are the searches that we recommend and they are a requirement of the Council of Mortgage Lenders. However, there will be regional variations in price for the local authority search and in certain areas (e.g. mining areas) additional searches may be necessary.

  • Land Registration Fee

The Land Registration Fee is the amount payable to H M Land Registry to register you as the owner of the property you purchase and assumes that we can submit your application to H M Land Registry electronically. This however is not possible in some cases and we will advise you of the fee payable in such a case as that fee will be larger than the fee payable for an electronic application.

  • Money Laundering

In order to comply with money laundering legislation we are required to verify the identity of all clients. To supplement the paper copies of the identification documents we obtain from you we also use an online ID verification service.

B.      Further considerations when dealing with Leasehold Properties

  • If you are buying or selling a leasehold property, there will be additional fees payable to the landlord and/or the management company, if there is one.
  • In the case of a purchase, these will include fees to notify the landlord and/or management company of the change of ownership or to provide any certificates or deeds that the lease of the property requires.
  • If you are selling a leasehold property, there may be a fee payable to the landlord or the management company to provide the management information which will be needed by your buyer’s solicitor including details of service charges and in some cases there may be other fees payable to the landlord or the management company, provided for within the terms of the lease. These would come under the heading of disbursements, i.e. payments to third parties but unfortunately until the transaction starts and the relevant parties are contacted, we do not know what these will be.
  • If you are buying a leasehold property we will obtain details of any charges or service charges payable to the landlord and/or the management company in accordance with the terms of the lease from the sellers solicitors. Until the transaction starts and we make contact with the sellers solicitors we do not know what these will be.

C.      Re-mortgages

Our online quotation is prepared on the basis that you are re-mortgaging as an individual.

D.      Are there circumstances where fees may change?

Our quotations are based on straight-forward transactions. Some cases however can be significantly more complex or have unexpected issues. This is a relatively rare circumstance but would include circumstances where there is a defect in the legal title to the property, crucial documents are missing or if it is discovered that building regulations consent or planning permission has not been obtained where it is required for works carried out to the property. Additional charges may also apply where a lease needs to be varied or extended. We would always speak to you before increasing our fees to explain the reason and to seek your permission before continuing.

E.      General information about your conveyancing transaction

How long will my transaction take?

  • The length of time that it will take from your offer being accepted until you can move depends upon a number of factors. An average process takes between 12 and 16 weeks. It can however be quicker or slower depending on the other people involved in the chain. If you are a first time buyer purchasing an empty property with a mortgage already arranged in principle, it could take as little as 8 weeks. However, if you are buying a property where there is a very long chain involved or if you are buying a leasehold property where the lease needs to be varied or extended, this can take significantly longer; as a rough guide it may take between 4 to 6 months.

Stages in the process

The precise stages involved in the sale or purchase of a residential property vary according to the circumstances. Some of the key stages include:

  • Taking your instructions and giving you initial advice
  • Receiving and advising on contract documents
  • Carrying out searches
  • Obtaining further planning documentation if required
  • Making any necessary enquiries of seller’s solicitor
  • Advising you on all documents and information received
  • Going through the conditions of the mortgage offer
  • Sending final contract to you for signature
  • Drafting Transfer
  • Advising you on joint ownership
  • Obtaining pre-completion searches
  • Agreeing completion date/agreeing moving date
  • Exchanging contracts and notifying you that we have done so
  • Arranging for all monies needed to be received from the lender or for your existing mortgage to be paid off
  • Completing your sale/purchase
  • Dealing with payment of Stamp Duty Land Tax, if relevant
  • Dealing with application for registration at Land Registry, if relevant.

F.     The Team 

Please click here for further details of the individual(s) who may work on your transaction. They are all supervised by Amanda Sutcliffe, who is a partner and Head of the Residential Property Team.