Property

Property

We offer legal advice and assistance in the sale and purchase of residential and commercial property, including, land, garages, shops, and businesses at a very competitive fee.

For our client’s convenience and peace of mind, we offer the following facilities:-

  • Extended opening hours
  • Weekend appointments if necessary
  • SMS or a prompt call before & after every key stage
  • Dedicated caseworkers with direct telephone and fax
  • Step-by-Step guide
  • Competitive Fees
  • E-mail or call return as soon as possible
  • Information given in a clear and simple manner, minimising legal jargon
  • Shariah compliant services

We are authorised and regulated by the Solicitors Regulation Authority so your transaction is always protected.

Our Conveyancing fees and disbursements for the sale of a residential property

  • Legal fee: £500.00 plus VAT*
  • Our additional fee to redeem the mortgage/charge: £100.00 plus VAT (per mortgage/charge if applicable)
  • Our additional fee to deal with electronic money transfer: £50.00 plus VAT (per transfer)
  • Our additional fee to deal with postage and packaging electronic: £25.00 plus VAT
  • VAT payable on our fee is £115.00
  • Your contribution towards our Professional Indemnity Insurance £50
  • HM Land Registry fee for Title register and Plan: £6.00
  • Additional HM Land Registry fee for Title register and Plan for leasehold property, if applicable: £6.00

Estimated total: £746.00 plus Land Registry fee and Stamp Duty, if any

* If the value of the property is more than £500,000 then our fee will be increased by £100.00 per additional £100,000.00 increase in purchase price. In addition, please note that if you are selling a Leasehold property we will charge additional £100.00.

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.
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. This list is not exhaustive and other disbursements may apply depending on the terms of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Additional Anticipated Disbursements on Leasehold property

Replies to freeholder enquiries – This fee is provided by the management company/freeholder for the property and can be difficult to estimate. Often it is between £125.00 and £450.00.

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.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, we have set out below some key stages:

  • Take your instructions and give you initial advice
  • Draft contract documents
  • Provide you with the relevant conveyancing forms for you to complete
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Exchange contracts and notify you that this has happened
  • Complete purchase
  • Agree completion date redeem the mortgage/charge and transfer the the funds to you

How long the sale will take?

How long it will take from the offer being accepted until we complete the sale will depend on a number of factors. The average process takes between 4-6 weeks for a Freehold property and 6-12 weeks for a Leasehold property. It can be quicker or slower, depending on the parties in the chain. If you are selling a Leasehold property that requires an extension of the Lease, this can take significantly longer, between 3 and 6 months. In such a situation, additional charges would apply.

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 property is registered

Our Conveyancing fees and disbursements for the purchase of a residential property

  • Legal fee: £500.00 plus VAT*
  • Our additional fee to prepare and submit stamp duty form: £100.00 plus VAT
  • Our additional fee to deal with electronic money transfer: £50.00 plus VAT (per transfer)
  • Our additional fee to deal with postage and packaging electronic: £25.00 plus VAT (per transfer)
  • Please note VAT payable is £135.00
  • Your contribution towards our Professional Indemnity Insurance £50
  • Local search fees: £120.00**
  • HM Land Registry fee for priority: £3.00
  • HM Land Registry fee registration: This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the link
  • Land Registry Fees

  • Stamp Duty or 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 here.

Estimated total: £983.00 plus Land Registry fee and Stamp Duty, if any

* If the value of the property is more than £500,000 then our fee will be increased by £100.00 per additional £100,000.00 increase in purchase price. In addition, please note that if you are buying a Leasehold property we will charge additional £100.00.
** The price quoted is only for local authority search fee. If other searches are required we will inform you and advise as to the fee for those.

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 separately below. This list is not exhaustive and other disbursements may apply depending on the terms of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Additional Anticipated Disbursements on Leasehold property

Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £10- £75 .
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 £75.00 and £150.00.

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 charges 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.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, we have set out below some key stages:

  • Take your instructions and give you initial advice
  • Receive and advise on contract documents
  • Carry out searches
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership, if needed.
  • Obtain pre-completion searches
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

How long will my house 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 4-6 weeks for a Freehold property and 6-12 weeks for a Leasehold property. It can be quicker or slower, depending on the parties in the chain. If you are buying a Leasehold property that requires an extension of the Lease, this can take significantly longer, between 3 and 6 months. In such a situation, additional charges would apply.

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 property is registered

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