Residential Property Purchases

Fees

Our fees will cover the standard work required to complete your purchase, including payment of Stamp Duty Land Tax and registration at the Land Registry.

Each matter is unique and the details of our fees are a guide for a standard transaction. Additional charges may apply for any of the following circumstances:-

  • Newbuilds
  • Shared Ownership
  • Multiple Owners
  • Homebuy
  • Purchase under right to buy
  • Auction properties
  • Repossession property
  • Perfecting a defective title
  • Dealing with lease extensions or deeds of variation to leases.
  • Declarations of trust
  • Separate representation for lender
  • Transfers of equity and gifts

The above list cannot foresee all eventualities and so we recommend that you contact us so that we can discuss the details of your matter and provide a personal and tailored estimate for you.

Please click here to see details of our fees

Our fees do not include disbursements, which are costs related to your matter that are payable to third parties. We will handle these payments on your behalf to ensure a smooth process. There will be some disbursement that we can calculate at the beginning of the transaction but some may arise later or may not be able to be confirmed until the process is underway. Below is a list of common disbursements although this list is not exhaustive and will depend on the details of the purchase (such as whether it is a flat or a house):

Stamp Duty Land Tax – This can be calculated by us when taking initial instructions or you can visit www.gov.uk.

Land Registry fees – this depend on the value of the property and whether is it currently registered or will be a first registration.

Search fees – These vary depending on geographical area and other factors but are normally in the region of £350.

Electronic Transfer fee – £35 plus VAT – We will have to make this charge for each time we are required to transfer money electronically.

VAT – Where fees attract VAT, we will automatically pay this.

Leasehold fees – If you are buying a leasehold property there will be additional fees to pay to the landlord. We will not know these until we receive information from the Seller’s solicitor but we will inform you once we are aware of the details.

Indemnity policies – these can be useful in protecting against certain issues or defects.

Timescales

How long it will take from your offer being accepted until you finally get the keys and can move in will depend on a number of factors. The average process takes between 8 to 12 weeks.

It can be quicker or slower depending on the parties in the chain and the circumstances surrounding each property, such as is the property a house or a flat (freehold or leasehold) and does a buyer need a mortgage.

Stages of the Process

These are some of the stages of a purchase although each matter is unique and so the list below is not exhaustive:

  • Take your instructions and give initial advice
  • Check financial arrangements
  • Receive and advise on contract and title documents
  • Carry out and report on searches
  • Make enquiries of the Seller’s solicitors and obtain further information from a variety of sources
  • Report to you on the property and the terms of your mortgage and send documents to you to sign
  • Agree a date for completion and exchange contracts
  • Organise funds for completion including mortgage funds if required
  • Complete the purchase, pay Stamp Duty Land Tax and deal with post registration formalities at the Land Registry.

People

Our people in carrying out conveyancing are listed below. Please visit their individual profiles on the website for further details:

  • Catharine Morrison – Solicitor  – Qualified 2003 – £210 per hour plus vat
  • Marie Giles – Solicitor – Qualified 2001 – £210 per hour plus vat
  • Claire Coffin – Solicitor – Qualified 2008 – £210 per hour plus vat