Our Professional Charges
These are our charges to undertake the legal work on your transaction;
Property Sale - £750.00 - £1,600.00
Property Purchase - £850.00 - £1,800.00
Transfer/Remortgage - £400.00 - £1,000.00
Our charges can vary depending on the complexity of the transaction, tenure (freehold/leasehold), purchase/sale price etc. When requesting a quotation we will discuss these items with you in order to enable us to supply you with a written breakdown of our fees prior to instruction.
Disbursements are not included in the charges and these will be charged on all matters. Please see below for typical disbursements:
Purchase
Searches £220-£350
Anti-money Laundering search £4.80 (per person)
Bank transfer fee £35.00 (per transfer)
Land Registry searches £7.00
Land Registry fee between £95-£910 (depending purchase price)
Sale
Anti-money Laundering search £4.80 (per person)
Land Registry documentation £15.00
Bank transfer fee £35.00 (per transfer)
Transfer/Remortgage
Anti-money Laundering £4.80 (per person)
Bank transfer fee £35.00 (per transfer)
Office copy entries £12.00
Land registry searches £7.00
Land registry fees £20-£270 (depending on property value)
Key stages and approximate timescales of the sale or purchase of a property
Sale
1. In order to instruct us you will be required to return your original completed forms to us with initial disbursements. We will then need to verify your identity and proof of address.
2. Once we receive the above documents we will obtain a copy of your title to your property and send a Contract Pack to your Buyer’s conveyancer.
3. When we receive any Additional Enquiries from your Buyer’s conveyancer we will deal with these or refer them to you.
4. We will then send you the Contract to sign in readiness for exchange of contracts and the final Transfer Deed for signature.
5. When the parties are satisfied on all points and the chain is ready and a date is fixed for completion we will exchange contracts.
6. Prior to completion we will send you a completion statement showing the amount due to you at completion.
7. On the day of completion once we receive the balance to complete from your Buyer’s conveyancer we will repay your mortgage and pay the estate agent’s commission, returning any balance to you.
Purchase
1. In order to instruct us you will be required to return your original completed forms to us with initial disbursements. We will then need to verify your identity and proof of address.
2. We will also require evidence of source of funds and details of any money being gifted to you.
3. Once we receive the Contract Pack from your Seller’s conveyancer we will apply for the relevant searches and raise enquiries of the Seller’s conveyancer.
4. Once we receive a copy of your Mortgage Offer (if applicable) we will report to you upon the same.
5. Once all enquiries have been satisfactorily answered and the search results have been received we will send you a report enclosing the Contract for your signature. We will also request the deposit monies, which is normally 10% of the purchase price from you at this stage.
6. When the parties are satisfied on all points, the chain is ready and a date is fixed for completion we will exchange contracts. When purchasing a freehold title you will be responsible to insure the property from the date of exchange.
7. Prior to completion we will send you a completion statement showing the amount due from you in order to complete.
8. On completion we will receive funds from your mortgage lender and send the purchase monies to the Seller’s conveyancer. Once it is received by them you can collect the keys to the property. These are normally held with the selling agents.
9. We will pay the Stamp Duty Land Tax (SDLT) and arrange for the property to be registered in your name with HM Land Registry.
10. A copy of the updated title is sent to you together with any relevant documentation once registration has been completed at HM Land Registry
Transaction times
There are many factors which affect the time a transaction takes. If the transaction is straightforward it may exchange and complete within 6 – 8 weeks. However, if the transaction is more complex and/or a chain is involved it will inevitably take longer to complete. The national average is 12 weeks for a sale/purchase. The timescale for a Transfer of Equity depends upon the Client’s circumstances but will normally take approximately 3-6 weeks if a mortgage lender is involved. If there is no mortgage involved this timescale could be shorter.