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Purchase of a Residential Property

Our fees cover all of the work required to complete the purchase of your new property including submitting search requests, reporting to you on those searches, reporting to you on the contract, title and standard conveyancing forms, 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, dealing with registration at the Land Registry and reporting to you. If the property is to be used for business purposes, please ask for an estimate of the costs involved.

Legal Fees Assumptions

Our legal fees assume that:

  • Any specific transaction 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
  • If leasehold, this is the assignment of an existing lease and is not the grant of a new lease
  • The transaction is concluded in a timely manner and no unforeseen complication arise
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • You take the advice of other professionals if this proves advisable or necessary

Conveyancer's Fees and Disbursements

The fees are likely to be in the range of £575 to £3,000 plus VAT (£690 to £3,600 with VAT).

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.

These are Likely to Include:

  • Stamp Duty Land Tax (SDLT) (payable on value and more information can be found at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro). In the case of SDLT and LTT there are some exemptions, some allowances and some surcharges and it may be that additional advice needs to be sourced to properly advise
  • Land Transaction Tax (LTT) if the property is in Wales at https://beta.gov.wales/land-transaction-tax-calculator
  • Search fees. These for the average property are around £208 to £250 plus VAT (£250 - £300 with VAT). The average given would be for a search of the local authority registers, the land charges registers of the local authority, a water and drainage search, and an environmental search. It may be that other searches are required as some are area dependent and there are some optional searches that you may wish to purchase
  • HM Land Registry fees: see https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees. We use the portal where possible
  • Bank transfer administration fee: £30 plus VAT (£36 with VAT)
  • HM Land Registry and Land Charges Registry search fees: £7 plus VAT (£8.40 with VAT)

What is not Included:

  • If the property is Leasehold then there will be an additional charge of £150 plus VAT (£180 with VAT). 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 we receive this information
  • If you are using a Help to Buy scheme then there will be an additional charge of £250 plus VAT (£300 with VAT)
  • If you are using a Help to Buy Isa then there will be an additional charge of £50 plus VAT (£60 with VAT)
  • If an indemnity policy is required then there will be an additional charge of £25 plus VAT (£30 with VAT) per policy, there would be no additional legal fees in the case of a Chancel Indemnity Policy being required. Plus the cost of the indemnity policy. It is impossible to give an estimate of these premiums as they vary from a few pounds to several hundred pounds. If possible we will get the seller to pay
  • If you require a Declaration of Trust then there will be an additional charge of at least £150 plus VAT (£180 with VAT)
  • If a Deed of Covenant (on a freehold purchase) is required then there will be an additional charge of £150 plus VAT (£180 with VAT)
  • If the Seller’s title is unregistered (in whole or in part) then there will be an additional charge of £100 plus VAT (£120 with VAT), and there will be higher HM Land Registry fees to pay
  • If a fee is payable for a notice to a Landlord or management company, there will usually be a fee payable to the other party and this varies from between a few pounds to over £200 and may incur VAT (which could take the total payable to over £240)

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, most of which will be outside our control. The average process takes between 6 - 12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a second hand property that is empty, but you require a mortgage, it could take eight weeks. If there is a chain of transactions however, it will take as long as the slowest transaction in the chain.

If you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between three and four months. In such a situation additional charges may apply.

Stages of the Process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below is an example of what is typically involved:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and carry out ID and Anti-Money Laundering checks
  • Contact lender's solicitors if they are separately represented. This would be rare as we are Conveyancing Quality Scheme accredited and so are on the panels of most lenders
  • Receive and advise on contract documents
  • Carry out searches
  • Make any necessary enquiries of seller's solicitor and draft transfer
  • Give you advice on all documents and information received
  • Receiving and checking any mortgage offer and documentation
  • Advise on joint ownership if appropriate
  • Send final contract to you for signature or attending you to sign
  • Agree completion date (date from which you own the property)
  • Account to you
  • 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 SDLT or LTT
  • Serve any required notices
  • Deal with application for registration at Land Registry
  • Report on completion of registration

The Team

Find out more about the individuals who may be working on your case via the links below. Their profiles will include information as to their experience and qualifications.

Emma Alsop, conveyancer
Loretta Aston, partner
Jasprit Bhadal, legal assistant
Anna Burgess, solicitor
Cassie Chidlow, solicitor
Kaye Davies, associate legal executive (FCILEx)
Kaylee Evans, legal assistant
James Jones, associate solicitor
Karen Ross, chartered legal executive
Debbie Stott, legal assistant
Tim Treherne, solicitor
Pam Turner, legal assistant
Nicola Bates, solicitor
David Foden, partner, head of residential property
Abigail Huband, residential conveyancer
Janette Johnston, senior conveyancing assistant
Louise Lane, conveyancing assistant
Nicola Simmons, conveyancing support
Shelley Wynn, conveyancing assistant

Testimonials

Everything was first class

- Miss Evans, Oswestry

Easy to work with and results are better or more than we expected or were advised. The team were really helpful.

- Six Forward Ltd, Wolverhampton

Efficient and effective service; good knowledge and understanding of procedures; good organisation; courtesy.

- Mrs S Pilkington, Nottinghamshire

Very easy to contact and talk to.

- Mr N Chamberlain & Mrs Z Chamberlain, Oswestry

We were kept up to date with progress and probate was compleated within the estimated time

- Mr Edwards, Worcester

Quotes

Ed clearly had a heavy workload at the time, yet ensured everything was completed in appropriate timescales including working extended hours.

- Mr J Ostler, Hereford

Being able to speak to someone when I needed to and how easy they made things for me.

- Mr J Longmore, Ludlow

Very good team across many disciplines.

- Woodland Heritage Ltd, Surrey

Easy to work with and results are better or more than we expected or were advised. The team were really helpful.

- Six Forward Ltd, Wolverhampton

The understanding of my case, the kindness shown to me and the support given, not only by my solicitor but by his secretary.

- Mrs S Oliver, Shrewsbury

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