Moving house is invariably a very emotional experience – whether you are well established on the property ladder or a first-time buyer.
RESIDENTIAL CONVEYANCING, FREEHOLD AND LEASHOLD
Our fees cover all 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.
With regard to sales, we will tie these in with your purchase and deal with all enquiries and redeem any mortgages so your buyer obtains a good title. We will liaise with any agents involved, including payment of their commission from the proceeds.
We do not pay referral fees to introducers.
CONVEYANCER'S FEES AND DISBURSEMENTS
Sale and purchase fees are based upon a sliding scale according to value as follows (VAT throughout is calculated at 20%):
PURCHASES
Disbursements: these 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. Typical examples are as follows (subject to variation from time to time):
STAMP DUTY AND 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 www.gov.uk/stamp-duty-land-tax or if the property is located in Wales by using the Welsh Revenue Authority's website beta.gov.wales/land-transaction-tax-calculator.
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 two and three months, but there can be substantial variations according to the individual circumstances of the case, and the intricacy of what is involved where there are several parties in the chain of transactions.
For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it should not be a lengthy process, but if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, since more than one legal firm will be involved. In such a situation an additional charge would apply: other examples of this are: of £250.00 + VAT
However, there are no additional charges for dealing with leaseholds or mortgagees.
STAGES AND PROCESS
The precise stages involved in the sale or purchase of a residential property vary according to the circumstances. The following sets out the basic key stages:
Purchase: Freehold
Purchase: Leasehold
All of the above and anticipated disbursements:
You will be advised as soon as any of the above are known.
STAMP DUTY AND TAX
See above
Our fee assumes that:
SALES
Disbursements: these 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. Typical examples are as follows (subject to variation from time to time):
HOW LONG WILL MY HOUSE SALE TAKE?
How long it will take from you accepting an offer to moving out of your existing house will depend on a number of factors. The average process takes between two and three months, but there can be substantial variations according to the individual circumstances of the case, and the intricacy of what is involved where there are several parties in the chain of transactions.
For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it should not be a lengthy process, but if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, since more than one legal firm will be involved. In such a situation additional charges would apply (see above).
STAGES OF THE PROCESS
The precise stages involved in the sale or purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Sale: Freehold
There are certain occasions when it is necessary to pay for an indemnity policy, which will become apparent during the transaction (normally £100.00 - £200.00)
Sale: Leasehold
All of the above and anticipated disbursements:
You will be advised as soon as any of the above are known.
Our fee assumes that:
"Thank you for being so supportive in the last stages of my achieving sole ownership status! It's a great feeling and you have helped me along the way."
Sam
Our extensive range of legal services include everything from conveyancing to will writing, all delivered with the kind of dedication and excellence you deserve.