Property

Purchase of a residential freehold property

Our fees

Property value from £0 to £500,000: £1,000 plus VAT at 20%:

Property value from £500,000.01 to £1,000,00: £1,500 plus VAT at 20%

Property value from £1,000,000.01 to £2,000,000: £2,000 plus VAT at 20%

Disbursements

Disbursements 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.

• Search fees: £250 – £350 plus VAT at 20%
• HM Land Registry fee: dependent on value of property e.g. purchase of £250,000 property will incur £270 fee (https://landregistry.data.gov.uk/fees-calculator.html)
• Stamp Duty or Land Tax (applicable on purchase).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.
• Anti-Money Laundering (AML) checks: £7 plus VAT at 20% (per individual)
• International Anti-Money Laundering (AML) checks: £10 plus VAT at 20% (per individual)
• Electronic money transfer fee £25.00

Our fee assumes that:

• 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
• 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
• no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Stages of the process for the purchase of a residential freehold property

The precise stages involved in the purchase of a residential freehold property vary according to the circumstances. The key stages of the purchase are as follows (including likely timescales where possible):

1. Initial instructions from you – you formally instruct us on acceptance of the offer: 1 hour
2. Receive draft contract pack – we receive the Contract pack from the Seller’s solicitors: 1-2 weeks on average
3. Searches and investigation of title – we check the contract pack, raise pre-contract enquiries, and carry out the necessary searches: 2-3 weeks
4. Report – we review and report to you on the contents of the contract pack, pre-contract enquiries and the result of the searches: 1 week
5. Signing – when you are happy with all the paperwork, we can then arrange for you to sign and a completion date is then decided amongst all parties involved in the transaction. At this stage in the conveyancing process, you will transfer the deposit, usually 10% of the purchase price, to us which enables us to be ready to exchange the contracts: 1 day
6. Exchange of contracts – the transaction and completion date becomes legally binding on the exchange of contracts. The deposit will be sent to the Seller’s solicitor. Before completion, the balance of the funds due from you must be with us at least one working day beforehand: 1 day
7. Conveyancing process for buying a house (finish) – completion happens on the eagerly awaited ‘moving day’ and when the full purchase price is transferred to the Seller’s solicitor. The keys are left with the estate agent and once the Seller’s solicitor has received the funds the keys are released to you: 1 day
8. Post-completion – we send off the relevant Stamp Duty Land Tax forms and register the property in your name at Land Registry: 1-2 months

How long will my house purchase take?

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes up to 4 months. It can be quicker or slower, depending on the parties in the chain.

Important note

Please note that we are not on the Mortgage Lending panel and therefore we cannot act for the Lender in the purchase of properties where a mortgage is required.

Sale of a residential freehold property

Our fees

Property value from £0 to £500,000: £1,000 plus VAT at 20%:

Property value from £500,000.01 to £1,000,00: £1,500 plus VAT at 20%

Property value from £1,000,000.01 to £2,000,000: £2,000 plus VAT at 20%

Our fee assumes that:

• 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
• 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
• no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees for title registers and plans. We handle the payment of the disbursements on your behalf to ensure a smoother process.

• Search fees: £250 – £350 plus VAT at 20%
• Obtain official copy documents from Land Registry: £14 for title register and plan
• HM Land Registry fee: dependent on value of property e.g. purchase of £250,000 property will incur £270 fee (https://landregistry.data.gov.uk/fees-calculator.html)
• Anti-Money Laundering (AML) checks: £7 plus VAT at 20% (per individual)
• International Anti-Money Laundering (AML) checks: £10 plus VAT at 20% (per individual)
• Electronic money transfer fee: £25.00

Stages of the process for the sale of a residential freehold property

The precise stages involved in the sale of a residential freehold property vary according to the circumstances. The key stages of the sale are as follows (including likely timescales where possible):

1. Initial instructions from you – you formally instruct us on acceptance of the offer and we then ask you to complete initial paperwork including protocol forms: 1 hour
2. Contact with your mortgage lender – we will apply for your current title deeds to the property from your mortgage lender and request a statement showing how much is left to repay: 1 day
3. Obtain documents from the Land Registry – copies of the up to date electronic deeds, also known as official copies, will then be obtained by us from the Land Registry: 5 minutes
4. Preparation of draft contract – we prepare the draft contract for the sale of your house and send them to the Buyer’s solicitors along with the official copies, protocol forms and all copies of all relevant documents: 1 week
5. Enquiries raised by Buyer’s solicitor – the Buyer’s solicitor will then need some time to carry out any searches requested by the Buyer and review the paperwork sent by us. In the event that they have any questions about the property or paperwork, they will get in contact with us and we may need to refer to you so that we can answer their questions: 1-2 weeks on average
6. Agree on a completion date – once the buyer’s solicitor is happy with the responses to enquiries, at this stage of the conveyancing process, a date can be arranged for signing the paperwork and completion, which is agreed by all parties involved with the transaction: After this, the Buyer will transfer the deposit (usually 10%) to their solicitor, which is the cue for us to prepare for the exchange of contracts: 1 day
7. Exchange of contracts – when the exchange of contacts happens the transaction and completion date becomes legally binding. The deposit will then be transferred to us by the buyer’s solicitor and then we will request a final redemption statement from your lender: 1 day
8. Conveyancing process for selling a house (finish) – the conveyancing process is complete on ‘moving day’ and when we have received the full balance of the sale price from the Buyer’s solicitor. You are required to leave the keys with the estate agent, who will only release them to the buyer when the funds have been received. Your existing mortgage will be repaid and all fees from the sale proceeds will be settled; the remaining balance will then be sent to you: 1 day

How long will my house sale take?

How long it will take for you to sell your house will depend on a number of factors. The average process takes up to 4 months. It can be quicker or slower, depending on the parties in the chain.

Purchase of a residential leasehold property

Our fees

Property value from £0 to £500,000: £1,000 plus VAT at 20%:

Property value from £500,000.01 to £1,000,00: £1,500 plus VAT at 20%

Property value from £1,000,000.01 to £2,000,000: £2,000 plus VAT at 20%

Disbursements

Disbursements 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.

• Search fees: £250 – £350 plus VAT at 20%
• HM Land Registry fee: dependent on value of property e.g. purchase of £250,000 property will incur £270 fee (https://landregistry.data.gov.uk/fees-calculator.html)
• Stamp Duty or Land Tax (applicable on purchase).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.
• Anti-Money Laundering (AML) checks: £7 plus VAT at 20% (per individual)
• International Anti-Money Laundering (AML) checks: £10 plus VAT at 20% (per individual)
• Electronic money transfer fee £25.00

Our fee assumes that:

• 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
• 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
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Stages of the process for the purchase of a residential leasehold property

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. The key stages of the purchase are as follows (including likely timescales where possible):

1. Initial instructions from you – you formally instruct us on acceptance of the offer: 1 hour
2. Receive draft contract pack – we receive the Contract pack from the Seller’s solicitors: 1-2 weeks on average
3. Searches and investigation of title – we check the contract pack, raise pre-contract enquiries, and carry out the necessary searches: 2-3 weeks
4. Report – we review and report to you on the contents of the contract pack, pre-contract enquiries and the result of the searches: 1 week
5. Signing – when you are happy with all the paperwork, we can then arrange for you to sign and a completion date is then decided amongst all parties involved in the transaction. At this stage in the conveyancing process, you will transfer the deposit, usually 10% of the purchase price, to us which enables us to be ready to exchange the contracts: 1 day
6. Exchange of contracts – the transaction and completion date becomes legally binding on the exchange of contracts. The deposit will be sent to the Seller’s solicitor. Before completion, the balance of the funds due from you must be with us at least one working day beforehand: 1 day
7. Conveyancing process for buying a house (finish) – completion happens on the eagerly awaited ‘moving day’ and when the full purchase price is transferred to the Seller’s solicitor. The keys are left with the estate agent and once the Seller’s solicitor has received the funds the keys are released to you: 1 day
8. Post-completion – we send off the relevant Stamp Duty Land Tax forms and register the property in your name at Land Registry: 1-2 months

How long will my house purchase take?

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes up to 4 months. It can be quicker or slower, depending on the parties in the chain.

Important note

Please note that we are not on the Mortgage Lending panel and therefore we cannot act for the Lender in the purchase of properties where a mortgage is required.

Sale of a residential leasehold property

Our fees

Property value from £0 to £500,000: £1,000 plus VAT at 20%:

Property value from £500,000.01 to £1,000,00: £1,500 plus VAT at 20%

Property value from £1,000,000.01 to £2,000,000: £2,000 plus VAT at 20%

Our fee assumes that:

• 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
• 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
• no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees for title registers and plans. We handle the payment of the disbursements on your behalf to ensure a smoother process.

• Search fees: £250 – £350 plus VAT at 20%
• Obtain official copy documents from Land Registry: £14 for title register and plan
• HM Land Registry fee: dependent on value of property e.g. purchase of £250,000 property will incur £270 fee (https://landregistry.data.gov.uk/fees-calculator.html)
• Anti-Money Laundering (AML) checks: £7 plus VAT at 20% (per individual)
• International Anti-Money Laundering (AML) checks: £10 plus VAT at 20% (per individual)
• Electronic money transfer fee: £25.00

Stages of the process for the sale of a residential leasehold property

The precise stages involved in the sale of a residential leasehold property vary according to the circumstances. The key stages of the sale are as follows (including likely timescales where possible):

1. Initial instructions from you – you formally instruct us on acceptance of the offer and we then ask you to complete initial paperwork including protocol forms: 1 hour
2. Contact with your mortgage lender – we will apply for your current title deeds to the property from your mortgage lender and request a statement showing how much is left to repay: 1 day
3. Obtain documents from the Land Registry – copies of the up to date electronic deeds, also known as official copies, will then be obtained by us from the Land Registry: 5 minutes
4. Preparation of draft contract – we prepare the draft contract for the sale of your house and send them to the Buyer’s solicitors along with the official copies, protocol forms and all copies of all relevant documents: 1 week
5. Enquiries raised by Buyer’s solicitor – the Buyer’s solicitor will then need some time to carry out any searches requested by the Buyer and review the paperwork sent by us. In the event that they have any questions about the property or paperwork, they will get in contact with us and we may need to refer to you so that we can answer their questions: 1-2 weeks on average
6. Agree on a completion date – once the buyer’s solicitor is happy with the responses to enquiries, at this stage of the conveyancing process, a date can be arranged for signing the paperwork and completion, which is agreed by all parties involved with the transaction: After this, the Buyer will transfer the deposit (usually 10%) to their solicitor, which is the cue for us to prepare for the exchange of contracts: 1 day
7. Exchange of contracts – when the exchange of contacts happens the transaction and completion date becomes legally binding. The deposit will then be transferred to us by the buyer’s solicitor and then we will request a final redemption statement from your lender: 1 day
8. Conveyancing process for selling a house (finish) – the conveyancing process is complete on ‘moving day’ and when we have received the full balance of the sale price from the Buyer’s solicitor. You are required to leave the keys with the estate agent, who will only release them to the buyer when the funds have been received. Your existing mortgage will be repaid and all fees from the sale proceeds will be settled; the remaining balance will then be sent to you: 1 day

How long will my house sale take?

How long it will take for you to sell your house will depend on a number of factors. The average process takes up to 4 months. It can be quicker or slower, depending on the parties in the chain.