Purchase of Freehold Registered Property
Purchase of a Leasehold Property
Sale of a Freehold Property
Sale of a Leasehold Property
Mortgages and Remortgages
Purchase of Freehold Registered Property
Our fees cover all of the legal work required to complete the purchase of the property, 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.
The information is based on a number of assumptions and particular the 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.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction, but we will advise you if this becomes the case and will tell you about any additional costs when they arise.
All legal fees or disbursements attracting VAT will be charged at the current VAT rate of 20%
Our limit for accepting any transaction is to the value of £3,000,000. We do not take on any instructions in excess of this amount. Any transaction between £1,000,000 to £3,000,000 our legal costs are 1% of the purchase price / sale price / remortgage value.
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Conveyancing Legal Fees and Disbursements:
Note: 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.
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Property Value
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Fees and Disbursements
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£0 to £100,000.00
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•Legal fee £550.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee £40.00 (Different if unregistered property)
•Electronic money transfer fee £40.00 plus VAT
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£100.001.00 to £149,999
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•Legal fee £600.00.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee £95.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£150,000.00 to £199,999
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•Legal fee £650.00
•HM Land Registry fee £95.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£200,000.00 to £249,999
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•Legal fee £700.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£250,000.00 to £299,999
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•Legal fee £750.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£300,000.00 to £349,999
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•Legal fee £800.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£350,000.00 to £399,999
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•Legal fee £850.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£400,000.00 to £449,999
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•Legal fee £900.00
•HM Land Registry fee £135.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£450,000.00 to £499,999
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•Legal fee £950.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£500,000.00 to £549,999
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•Legal fee £1,000.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£550,000.00 to £599,999
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•Legal fee £1,100.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£600,000.00 to £649,999
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•Legal fee £1,200.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£650,000.00 to £699,999
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•Legal fee £1,300.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£700,000.00 to £749,999
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•Legal fee £1,400.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£750,000.00 to £799,999
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•Legal fee £1,500.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£800,000.00 to £849,999
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•Legal fee £1,600.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£850,000.00 to £899,999
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•Legal fee £1,700.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£900,000.00 to £949,999
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•Legal fee £1,800.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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£950,000.00 to £999,999
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•Legal fee £1,900.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
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Stamp Duty or Land Tax
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You will also have to pay Stamp Duty or Land Tax. The amount depends on the purchase price of your property and whether you own any other properties. You can calculate the amount you will need to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
or if the property is located in Wales by using the Welsh Revenue Authority's website https://beta.gov.wales/land-transaction-tax-calculator
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What happens if the transaction does not complete:
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Abortive costs policy
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STAGE
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% of our charge
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Prior to draft documentation
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20%
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Upon commencement of drafting documentation or documents being received
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70%
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Upon finalising the draft documentation
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90%
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Plus disbursements incurred
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The experience of the people who may carry out the work for you:
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The following fee earners handle Residential Property matters:
Mohammad Waqar Ali is a director and qualified as a solicitor in 2012 and has worked in conveyancing since qualification. He is the Head and overall supervisor of our conveyancing department. He specialises in all areas of residential property and can advise on all commercial property matters.
Nighat Iqbal Malik is also a director and qualified as a solicitor in 2015. She is also a residential conveyancing specialist.
The Directors are responsible for direct supervision of our small team of support staff who are involved in the delivery of legal services to our clients.
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The typical timescales and key stages of the purchase transaction
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How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. On average the process takes between 6-8 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 new build property with a mortgage in principle, it could take 12 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
•Take your instructions and give you initial advice
•Check finances are in place to fund purchase and contact lender's solicitors if needed
•Receive and advise on contract documents
•Carry out searches
•Obtain further planning documentation if required
•Make any necessary enquiries of seller's solicitor
•Give you advice on all documents and information received
•Go through conditions of mortgage offer with you
•Send final contract to you for signature
•Agree completion date (date from which you own the property)
•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 Stamp Duty/Land Tax
•Deal with application for registration at Land Registry
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Purchase of a Leasehold Property
Our fees cover all of the legal work required to complete the purchase of the property, 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.
The information is based on a number of assumptions and particular the 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
-.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
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: -
|
Conveyancing Legal Fees and Disbursements:
Note: 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. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
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Property Value
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Fees and Disbursements
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£0 to £100,000.00
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•Legal fee £800.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee £40.00 (Different if unregistered property)
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£100,001 to £149,999
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•Legal fee £850.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee £95.00 (Different if unregistered property)
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£150,000 to £199,999
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•Legal fee £900.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee £95.00 (Different if unregistered property)
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£200,000 To £249,000
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•Legal fee £950.00 plus VAT
•Search fees £250.00 (approximately)
•HM Land Registry fee 135.00 (Different if unregistered property)
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£250,000.00 to £299,999
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•Legal fee £1,000.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£300,000.00 to £349,999
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•Legal fee £1,050.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£350,000.00 to £399,999
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•Legal fee £1,100.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£400,000.00 to £449,999
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•Legal fee £1,150.00
•HM Land Registry fee £135.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£450,000.00 to £499,999
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•Legal fee £1,200.00
•HM Land Registry fee £150.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£500,000.00 to £549,999
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•Legal fee £1,250.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£550,000.00 to £599,999
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•Legal fee £1,100.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£600,000.00 to £649,999
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•Legal fee £1,450.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£650,000.00 to £699,999
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•Legal fee £1,550.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£700,000.00 to £749,999
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•Legal fee £1,650.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£750,000.00 to £799,999
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•Legal fee £1,750.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£800,000.00 to £849,999
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•Legal fee £1,850.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£850,000.00 to £899,999
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•Legal fee £1,950.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£900,000.00 to £949,999
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•Legal fee £2,050.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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£950,000.00 to £999,999
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•Legal fee £2,150.00
•HM Land Registry fee £295.00 (Different if unregistered property/Transfer of Part or New Build)
•Electronic money transfer fee £40.00 plus VAT
•Notice of Transfer fee – This fee if chargeable is set out in the lease and therefore do not know the same.
•Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease and therefore do not know the same.
•Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
•Certificate of Compliance fee - To be confirmed upon receipt of the lease.
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Stamp Duty or Land Tax
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You will also have to pay Stamp Duty or Land Tax. The amount depends on the purchase price of your property and whether you own any other properties. You can calculate the amount you will need to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
or if the property is located in Wales by using the Welsh Revenue Authority's website https://beta.gov.wales/land-transaction-tax-calculator
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What happens if the transaction does not complete:
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Abortive costs policy
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STAGE
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% of our charge
|
|
Prior to draft documentation
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20%
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Upon commencement of drafting documentation or documents being received
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70%
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Upon finalising the draft documentation
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90%
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Plus disbursements incurred
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The experience of the people who may carry out the work for you:
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The following fee earners handle Residential Property matters:
Mohammad Waqar Ali is a director and qualified as a solicitor in 2012 and has worked in conveyancing since qualification. He is the Head and overall supervisor of our conveyancing department. He specialises in all areas of residential property and can advise on all commercial property matters.
Nighat Iqbal Malik is also a director and qualified as a solicitor in 2015. She is also a residential conveyancing specialist.
The Directors are responsible for direct supervision of our small team of support staff who are involved in the delivery of legal services to our clients.
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The typical timescales and key stages of the purchase transaction
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How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. On average the process takes between 6-10 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 new build property with a mortgage in principle, it could take 15 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3-6 months. In such a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
•Take your instructions and give you initial advice
•Check finances are in place to fund purchase and contact lender's solicitors if needed
•Receive and advise on contract documents
•Carry out searches
•Obtain further planning documentation if required
•Make any necessary enquiries of seller's solicitor
•Give you advice on all documents and information received
•Go through conditions of mortgage offer with you
•Send final contract to you for signature
•Agree completion date (date from which you own the property)
•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 Stamp Duty/Land Tax
•Deal with application for registration at Land Registry
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Sale of a Freehold Property
Our fees cover all of the legal work required to complete the sale of the property based in England & Wales.
The information is based on a number of assumptions and particular the 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.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: -
|
Conveyancing Legal Fees and Disbursements:
Note: 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. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
|
|
Property Value
|
Fees and Disbursements
|
|
£0 to £99,999
|
•Legal fee £550.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
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£100,000 to £149,999
|
•Legal fee £600.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
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£150,000 to £199,999
|
•Legal fee £650.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£200,000 To £249,999
|
•Legal fee £700.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£250,000.00 to £299,999
|
•Legal fee £750.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£300,000.00 to £349,999
|
•Legal fee £800.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£350,000.00 to £399,999
|
•Legal fee £850.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£400,000.00 to £449,999
|
•Legal fee £900.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£450,000.00 to £499,999
|
•Legal fee £950.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£500,000.00 to £549,999
|
•Legal fee £1,000.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£550,000.00 to £599,999
|
•Legal fee £1,100.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£600,000.00 to £649,999
|
•Legal fee £1,200.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£650,000.00 to £699,999
|
•Legal fee £1,300.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£700,000.00 to £749,999
|
•Legal fee £1,400.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£750,000.00 to £799,999
|
•Legal fee £1,500.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£800,000.00 to £849,999
|
•Legal fee £1,600.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£850,000.00 to £899,999
|
•Legal fee £1,700.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£900,000.00 to £949,999
|
•Legal fee £1,800.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£950,000.00 to £999,999
|
•Legal fee £1,900.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
|
What happens if the transaction does not complete:
|
Abortive costs policy?
|
STAGE
|
% of our charge
|
|
Prior to draft documentation
|
20%
|
|
Upon commencement of drafting documentation or documents being received
|
70%
|
|
Upon finalising the draft documentation
|
90%
|
Plus disbursements incurred
|
|
Do we pay referral fees to people who introduce conveyancing clients to us?
|
Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.
|
|
The experience of the people who may carry out the work for you:
|
The following fee earners handle Residential Property matters:
Mohammad Waqar Ali is a director and qualified as a solicitor in 2012 and has worked in conveyancing since qualification. He is the Head and overall supervisor of our conveyancing department. He specialises in all areas of residential property and can advise on all commercial property matters.
Nighat Iqbal Malik is also a director and qualified as a solicitor in 2015. She is also a residential conveyancing specialist.
The Directors are responsible for direct supervision of our small team of support staff who are involved in the delivery of legal services to our clients.
|
|
The typical timescales and key stages of the purchase transaction
|
How long it will take from the offer being accepted until you can move into your house will depend on a number of factors. On average the process takes between 6 - 8 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are involved in a chain with a first-time buyer, it could take 6 weeks.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
• Take your instructions and give you initial advice
• Advise on contract documents
• Supplying information to you and those involved with the transaction;
• Checking the title of the property you are selling;
• Preparing documents, the sale contract and deeds relating to your sale;
• Dealing with questions and enquiries raised by your buyer’s Solicitors;
• Reporting and providing information to you relating to the property you are selling;
• Exchanging contracts, following any necessary negotiations on the terms;
• Approving the transfer deed to the buyers;
• Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale;
• Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.
|
Sale of a Leasehold Property
Our fees cover all of the legal work required to complete the sale of the property based in England & Wales.
The information is based on a number of assumptions and particular the 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 or lease 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.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: -
|
Conveyancing Legal Fees and Disbursements:
Note: 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. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
|
|
Property Value
|
Fees and Disbursements
|
|
£0 to £99,999.00
|
•Legal fee £800.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£100,000 to £149,999
|
•Legal fee £850.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£150,000 to £199,999
|
•Legal fee £900.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£200,000 to £249,999
|
•Legal fee £950.00 plus VAT
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£250,000.00 to £299,999
|
•Legal fee £1,000.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£300,000.00 to £349,999
|
•Legal fee £1,050.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£350,000.00 to £399,999
|
•Legal fee £1,100.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£400,000.00 to £449,999
|
•Legal fee £1,150.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£450,000.00 to £499,999
|
•Legal fee £1,200.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£500,000.00 to £549,999
|
•Legal fee £1,000.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£550,000.00 to £599,999
|
•Legal fee £1,350.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£600,000.00 to £649,999
|
•Legal fee £1,450.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£650,000.00 to £699,999
|
•Legal fee £1,550.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£700,000.00 to £749,999
|
•Legal fee £1,650.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£750,000.00 to £799,999
|
•Legal fee £1,750.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£800,000.00 to £849,999
|
•Legal fee £1,850.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£850,000.00 to £899,999
|
•Legal fee £1,950.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£900,000.00 to £949,999
|
•Legal fee £2,050.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£950,000.00 to £999,999
|
•Legal fee £2,150.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
|
What happens if the transaction does not complete:
|
Abortive costs policy?
|
STAGE
|
% of our fee charged
|
|
Prior to draft documentation
|
20%
|
|
Upon commencement of drafting documentation or documents being received
|
70%
|
|
Upon finalising the draft documentation
|
90%
|
Plus all disbursements incurred
|
|
The experience of the people who may carry out the work for you:
|
The following fee earners handle Residential Property matters:
Mohammad Waqar Ali is a director and qualified as a solicitor in 2012 and has worked in conveyancing since qualification. He is the Head and overall supervisor of our conveyancing department. He specialises in all areas of residential property and can advise on all commercial property matters.
Nighat Iqbal Malik is also a director and qualified as a solicitor in 2015. She is also a residential conveyancing specialist.
The Directors are responsible for direct supervision of our small team of support staff who are involved in the delivery of legal services to our clients.
|
|
The typical timescales and key stages of the purchase transaction
|
How long it will take from the offer being accepted until you can move into your house will depend on a number of factors. On average the process takes between 6-8 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are involved in a chain with a first-time buyer, it could take 12 weeks.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
• Take your instructions and give you initial advice
• Advise on contract documents
• Obtain the management pack
Supplying information to you and those involved with the transaction;
• Checking the title of the property you are selling;
• Preparing documents, the sale contract and deeds relating to your sale;
• Dealing with questions and enquiries raised by your buyer’s Solicitors;
• Reporting and providing information to you relating to the property you are selling;
• Exchanging contracts, following any necessary negotiations on the terms;
• Approving the transfer deed to the buyers;
• Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale;
• Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.
|
Mortgages and Remortgages
A mortgage or re-mortgage occurs either when a mortgage is placed on a property which has no mortgage or you redeem the existing mortgage and transfer the mortgage to a new lender. The fees for our mortgage and remortgage price information apply only apply if you are using a mainstream or high Street Lender. If you have a mortgage offer with a non-mainstream lender, then our fees will be higher.
It is important to note that you cannot normally remortgage unless you have owned the property for a period of six months. If you wish the remortgage to go through within the six months period you must check with your lender as to whether this is possible.
The information is based on a number of assumptions and particular the fee assumes that:
- this is a standard 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.
There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise.
|
Conveyancing Legal Fees and Disbursements:
Note: 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. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.
These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
|
|
Mortgage Value
|
Fees and Disbursements
|
|
£0 to £99,999
|
•Legal fee £550.00 plus VAT
•Electronic money transfer fee per transfer £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£100,000 to £149,999
|
•Legal fee £600.00 plus VAT
•Electronic money transfer fee per transfer £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£150,000 to £199,999
|
•Legal fee £650.00 plus VAT
•Electronic money transfer fee per transfer £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£200,000 to £249,999
|
•Legal fee £700.00 plus VAT
•Electronic money transfer fee per transfer £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£250,000.00 to £299,999
|
•Legal fee £750.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£300,000.00 to £349,999
|
•Legal fee £800.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£350,000.00 to £399,999
|
•Legal fee £850.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£400,000.00 to £449,999
|
•Legal fee £900.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£450,000.00 to £499,999
|
•Legal fee £950.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£500,000.00 to £549,999
|
•Legal fee £1,000.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£550,000.00 to £599,999
|
•Legal fee £1,100.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
|
|
£600,000.00 to £649,999
|
•Legal fee £1,200.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£650,000.00 to £699,999
|
•Legal fee £1,300.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£700,000.00 to £749,999
|
•Legal fee £1,400.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£750,000.00 to £799,999
|
•Legal fee £1,500.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£800,000.00 to £849,999
|
•Legal fee £1,600.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£850,000.00 to £899,999
|
•Legal fee £1,700.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£900,000.00 to £949,999
|
•Legal fee £1,800.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
£950,000.00 to £999,999
|
•Legal fee £1,900.00
•Electronic money transfer fee £40.00 plus VAT
Anticipated Disbursements*
Office copy entries per title £14.00
Land Registry Fee (Please telephone office)
OS1 £7.00
Bankruptcy Search per person £6.00 each
|
|
|
What happens if the transaction does not complete:
|
Abortive costs policy
|
STAGE
|
% of our charge
|
|
Prior to draft documentation
|
20%
|
|
Upon commencement of drafting documentation or documents being received
|
70%
|
|
Upon finalising the draft documentation
|
90%
|
Plus disbursements incurred
|
|
The experience of the people who may carry out the work for you:
|
The following fee earners handle Residential Property matters:
Mohammad Waqar Ali is a director and qualified as a solicitor in 2012 and has worked in conveyancing since qualification. He is the Head and overall supervisor of our conveyancing department. He specialises in all areas of residential property and can advise on all commercial property matters.
Nighat Iqbal Malik is also a director and qualified as a solicitor in 2015. She is also a residential conveyancing specialist.
The Directors are responsible for direct supervision of our small team of support staff who are involved in the delivery of legal services to our clients.
|
|
The typical timescales and key stages of the purchase transaction
|
How long it will take from the offer being made until the remortgage is completed and registered will depend on a number of factors. On average the process takes between 6-8 weeks.
It can be quicker or slower, depending on the parties involved.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:
• Obtaining details from you as to the whereabouts of your Title Deeds (if applicable). If you have a mortgage on the property, it is likely that the title deeds will be with your lender. If this is the case, we will require the details of your lender as well as your account number.
• Investigating the title of the property and obtaining a redemption figure for your existing mortgage
• We may need to carry out a Local Authority Search. This will entirely depend upon whether your new lender requires a search to be undertaken
• Considering the mortgage company's instructions to us and considering the terms and conditions of your mortgage to ensure that they are complied with
• Preparing the mortgage and other documents and obtaining your signatures to them where appropriate
• Reporting to the mortgage company and obtaining the mortgage advance
• Completing the re-mortgage. This is the date when the old mortgage will be repaid and the new mortgage will commence.
• Registering the transaction at the Land Registry;
• Forwarding the title documents to the mortgage company and accounting to you for any money held on your behalf.
|
