0191 245 4735
Moving home is one of life’s most stressful challenges and with three quarters of UK homes owner occupied, most of us will be buyers and sellers at some point in our lives. A calm, focused solicitor can make all the difference in the matter, keeping the process smooth and under control. We remain impartial throughout, offering crystal clear advice from the start, through all the legal and technical details, until completion and beyond if necessary.
Whether buying or selling, we will ensure you are aware of everything pertinent to the sale and will carefully monitor the transaction throughout.
If you are buying a property, it’s our duty to ensure everything is ready for your moving in date, and we go to great lengths to fulfill this duty. This means carefully managing the transaction from the start, beginning with the best advice on which type of survey you require before making your offer. We will make sure any financial queries you have are properly answered, such as the amount you put down as a deposit, or any specific mortgage conditions, or stamp duty and leaseholder notice fees which will affect the cost of buying and keeping your home.
If you are selling, we will keep that all important regular contact with the buyer’s solicitor and draw up the necessary property forms and fixtures and fittings lists that will smooth the sale. We can advise on any estate agent’s fees and check any agreements they have asked you to sign. We’ll be on hand to finalise the deal, provide the Deeds for signing and will remain involved until everything is settled.
Sale or purchase of a residential property
Our fees for a sale or purchase can range significantly as no transaction is the same and complications can arise during the matter which may impact the price stated. However, as a general guide to our fees, we have outlined below our typical costs to cover standard conveyancing work to complete the sale or purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (LTT) if the property is in Wales.
Conveyancer’s fees and 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.
*Costs vary in each case and our fees will need to reflect the particular requirements of your sale or purchase. For example, dealing with an unregistered property, listed property, a new build property or a leasehold flat may, because of the added complexities, cost more than dealing with a registered freehold property. However, we will always provide a reliable estimate of our costs when we have full details of the intended transaction and we will advise you immediately about any complication, and discuss the potential impact on price before any additional charges are incurred.
Anticipated disbursements for Leasehold conveyancing
SDLT or LTT
This is payable on the purchase of a Property and depends on a number of factors including the purchase price of your property. In straightforward cases 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 here). In more complex cases we may recommend that specialist tax advice is obtained, either from your own accountant or an SDLT advisor.
We will ask you to complete a SDLT form in which you will be asked questions to help us determine how much SDLT will be payable on completion. We will need to be in funds for the full amount of SDLT due before we complete your purchase.
The precise stages involved in the sale and purchase of a residential property vary according to the circumstances. However, below we have set out some key stages of the process:
How long will my house sale or 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. The average process takes between 6-12 weeks. On a sale this is from the issuing of draft contracts and property documents and on a purchase this is from receipt of the draft contracts and property documents.
The process can be quicker or slower, and this can depend on, for example, the parties in a chain and the complexity of the matter. For example, if you are buying a leasehold property that requires an extension of the lease before completion, the process can take significantly longer. In such a situation additional charges would also apply.
Our fee assumes that:
The above costs are examples of our prices and not to be regarded as a binding quote. It is not an exhaustive list of all of the real estate services we offer our clients. Please note that an individual costs estimate is provided at the start of each transaction which will take into account the actual features of your sale or purchase.
For further information please contact Gillian Bassett email@example.com.
0191 245 4735
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0191 716 5173
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