CONVEYANCING (Domestic/Residential)
We undertake employment work for organisations and our team currently includes
Partner | Solicitor | Legal Assistant |
Mark Broughton (Grade A) | Sarah Walker (Grade A) | Wendy Rintoul (Grade C) |
Diane Swaine (Grade C) |
Our conveyancing team have in excess of 40 years’ collective experience in the delivery of high quality work relating to domestic/residential conveyancing matters, including sale, purchase, re-mortgage, transfer of equity.
We have four members of the team who may work on your matter. Regardless of who does work on your matter, they will be supervised by Mark Broughton, Partner.
Please click on ‘Our People’ for more information
Our fees cover all work required to complete the purchase/sale of your property. This includes dealing with registration at the Land Registry, payment of Stamp Duty Land Tax or Land Transaction Tax, liaising with Estate Agents/fees and redemption of mortgages.
REFERRAL ARRANGEMENTS
We do have referral arrangements in place with third party Independent Financial Advisers (IFA) and Estate Agents where referral fees are payable. Referral Fees payable are between £50.00 and £125.00 plus VAT (20%) per matter.
Should a referral arrangement be utilised in your matter, full disclosure including details of the third party and the actual fee payable will be noted in your client care documentation at the outset.
LAND REGISTRY FEES AND STAMP DUTY LAND TAX
Assessment of stamp duty land tax (SDLT) has a basis of the purchase value of land or property which falls above a specific figure. As at 2017, the amount which SDLT becomes applicable is £125,000 for residential properties and £150,000 for non-residential or mixed-use land and properties
Please visit the following link to view the Stamp Duty Land Tax fees:
https://www.gov.uk/stamp-duty-land-tax
PURCHASE TRANSACTION (Freehold)
Legal Fees (all subject to VAT)(20%)
Property Value – below £250,000 £650.00
Property Value – £250,001 to £500,000 £750.00
Property Value – £500,000.01 + £900.00
Anticipated Disbursements (expenses)
Electronic Money Transfer £19.20 (inclusive of VAT)(20%)
Final search Fee £3.00 (per Title)
Final Bankruptcy Fee £2.00 per name
HMLR (Land Registry) Fee (dependant on purchase price – see link below)
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees
Search Fees £70.00 – £300.00
Lawyer Check £14.40
SDLT Filing Fee £12.00
Key work we will undertake
- Take instructions and give 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 mortgage conditions with you
- Send final contract to you for signing
- Agree completion date
- Exchange contracts and confirm once done
- Arrange for all money needed to be received from parties
- Complete purchase
- Deal with payment of Stamp Duty and /or Land Tax
- Deal with the application for Land Registry Registration
Key Stages
- Preliminary Matters
- Initial Paperwork
- Investigation of Title
- Mortgage Offer
- Signing the Contract
- Exchange of Contracts
- Preparing for Completion
- Completion Day
- Post Completion
How long will it take
Length of time to complete is dependent on different factors although the average process takes between 4-8 weeks. Factors include how many parties are in the chain, whether you are a first time buyer, have a linked transaction, are purchasing a new build property and whether you will be buying with or without the aid of a mortgage. The anticipated length of time to complete your matter will be discussed at instruction and during the matter as it progresses.
PURCHASE TRANSACTION (Leasehold)
Legal Fees (all subject to VAT)(20%)
Property Value – below £250,000 £850.00
Property Value – £250,001 to £500,000 £950.00
Property Value – £500,000.01 + £1,100.00
Anticipated Disbursements (expenses)
Electronic Money Transfer £19.20 (inclusive of VAT)(20%)
Final search Fee £3.00 (per Title)
Final Bankruptcy Fee £2.00 per name
Search Fees £70.00 – £300.00
Deed of Covenant Fee £100.00 – £400.00
Notice of Charge (if property is to be mortgaged) £50.00 – £200.00
Notice of Transfer Fee £50.00 – £200.00
Lawyer Check £14.40
HMLR (Land Registry) Fee (dependant on purchase price – see link below)
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#scale-1-fees
SDLT Filing Fee £12.00
Key work we will undertake
- Take instructions and give 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 needed
- Make any necessary enquiries of seller’s solicitors
- Inspect the lease to see if any restrictions require attention
- Advise on any Deed of Covenants required with management company
- Give you advice on all documents received
- Go through mortgage conditions with you
- Send final contract to you for signing
- Agree completion date
- Exchange contracts and notify you once done
- Arrange for all money needed to be received from parties
- Send relevant notices to relevant management companies to comply with lease
- Complete purchase
- Deal with payment of Stamp Duty or Land Tax
- Deal with the application for Land Registry Registration
Key Stages
- Preliminary matters
- Initial paperwork
- Investigation of Title
- Mortgage offer
- Signing the contract
- Exchange of contracts
- Preparing for completion and completion day
How long will it take
Length of time to complete is dependent on different factors although the average process takes between 6-12 weeks. Factors include how many parties are in the chain, whether you are a first time buyer, have a linked transaction, are purchasing a new build property and whether you will be buying with or without the aid of a mortgage. The anticipated length of time to complete your matter will be discussed at instruction and during the matter as it progresses.
SALE TRANSACTION (Freehold)
Legal Fees (all subject to VAT)(20%)
Property Value – below £250,000 £600.00
Property Value – £250,001 to £500,000 £700.00
Property Value – £500,000.01 + £850.00
Anticipated Disbursements (expenses)
HM Land Registry Office Copies £3.00 to £30.00
Electronic Money Transfer £19.20 (inclusive of VAT)(20%)
Key work we will undertake
- Take instructions and give initial advice
- Obtain title documents
- Prepare contract papers and agree these with the buyer’s solicitors
- Reply to any legal enquiries raised by buyer’s solicitors
- Approve the Transfer Deed and deal with any pre-completion enquiries
- Obtain any redemption statements required with mortgage lender
- Exchange contracts and procure the deposit from the buyer’s solicitors
- Complete the transaction and obtain funds from buyer’s solicitors
- Redeem any existing mortgage and accounting to you with proceeds of sale
- Confirm to you once all completed
Key Stages
- Preliminary Matters
- Before Exchange of Contracts
- Exchange of Contracts
- Preparing for Completion
- Completion Day
How long will it take
Length of time to complete is dependent on different factors although the average process takes between 3-6 weeks. Factors include how many parties are in the chain or elements surrounding the situation of the property e.g. if the sale is by probate then a limited amount of knowledge can be given on the property, which means the buyers have to rely on their own inspection more so than if you were selling your own property
SALE TRANSACTION (Leasehold)
Legal Fees (all subject to VAT)(20%)
Property Value – below £250,000 £800.00
Property Value – £250,001 to £500,000 £900.00
Property Value – £500,000.01 + £1050.00
Anticipated Disbursements (expenses)
HM Land Registry Office Copies £3.00 to £30.00
Electronic Money Transfer £19.20 (inclusive of VAT)(20%)
Key work we will undertake
- Take instructions and give initial advice
- Obtain title documents
- Obtain details and documents about any management companies involved
- Prepare contract papers and agree these with the buyer’s solicitors
- Reply to any legal enquiries raised by buyer’s solicitors
- Inspect and deal with any leasehold restrictions placed upon the property
- Supply information to management company for extra documentation to be sent once completed
- Approve the Transfer Deed and deal with any pre-completion enquiries
- Obtain any redemption statements required with mortgage lender
- Agree any apportionment figures for the ground rent/service charge
- Exchange contracts and procure the deposit from the buyer’s solicitors
- Complete the transaction and obtain funds from buyer’s solicitors
- Redeem any existing mortgage and accounting to you with proceeds of sale
- Confirm once all completed
Key Stages
- Preliminary matters
- Before change of contracts
- Exchange of contracts
- Preparing for completion
- Completion day
How long will it take
Length of time to complete is dependent on different factors although the average process takes between 5-8 weeks. Factors include how many parties are in the chain or elements surrounding the situation of the property e.g. you would be required to obtain further documentation for the freehold areas of the property.
REMORTGAGE TRANSACTION
Legal Fees (all subject to VAT)(20%)
£500.00
Anticipated Disbursements (expenses)
Funds Transfer Fee (if you have a mortgage to redeem) £ 16.00 (plus VAT)(20%)
Key work we will undertake
- Take instructions and give initial advice
- Issue client care documentation and obtain Identification documentation required
- Check finances are in place to fund purchase and contact lender if needed
- Receive and advise on Title
- Carry out searches
- Obtain further planning documentation if required
- Make necessary enquiries of you and/or your mortgage provider
- Give you advice on all documents and information received
- Go through mortgage conditions with you
- Send final mortgage deed to you for signing
- Agree completion date
- Complete purchase and if applicable redeem existing mortgage
- Deal with the application for Land Registry registration
Key Stages
- Preliminary matters
- Initial paperwork
- Investigation of Title
- Mortgage offer
- Signing the Mortgage Deed
- Preparing for completion
- Completion day and post completion
How long will it take
Length of time to complete is dependent on different factors although the average process takes between 4-6 weeks. Factors include requirements and conditions of your offer of mortgage.
ANTICIPATED DISBURSEMENTS
HM Land Registry Office Copies £3.00 to £30.00
Electronic Money Transfer £19.20 (inclusive of VAT)(20%)
Final search Fee £3.00 (per Title)
Final Bankruptcy Fee £2.00 per name
Search Fees £70.00 – £300.00
LAND REGISTRY FEES
Land Registry Fees are dependent upon several factors including property value and method of application e.g. application via post, using the portal or voluntary first registration.
Please visit the following link to view the Land Registry Fees applicable to your matter:
https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
You may also contact the HM Land Registry
8.30 a.m. – 5.00 p.m. Monday – Friday (excluding Bank Holidays) – 0300 006 0411
Calls are charged at the national rate by your telephone service provider and are recorded.
Hourly Charging Rates (plus VAT at the prevailing rate)(20%)
Partner/Solicitors & Legal Executives with 8+ years’ experience £250.00 Grade A
Solicitors/Legal Executives with 4+ years’ experience £190.00 Grade B
Other fee earners of equivalent experience £160.00 Grade C
Trainee Solicitors/other fee earners £125.00 Grade D
PA/Secretarial and other non-fee earning/management £ 75.00 Grade E