How your quote is calculated
Our fees cover all the work required to complete the transaction, 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.
Additional Supplements* :
Shared Ownership Supplement – £150
New Build Supplement – £250
Help to Buy Equity Loan Supplement – £195
Acting for Lender Supplement – £95
SDLT supplement – £85
Indemnity Policy arrangement fee – £50
*Costs are subject to VAT at the current rate
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property. 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 here https://beta.gov.wales/land-transaction-tax-calculator
If you have any questions regarding our pricing, please do not hesitate to contact us
Additional Information for Conveyancing
- Explanation of terms
- Disbursement: A payment made on your behalf, for instance for documentation obtained from the land registry, or an application/ search fee.
- Office Copies: Documentation held by the land registry in relation to a property’s legal title.
- CHAPS: the preferred method for sending (and receiving) money to other firms of solicitors and which attracts a banking fee.
- Indemnity Policy: An insurance policy to cover issues related to a property or its title, for instance an absence of planning permission.
- Exchange of contracts: When both sides of a transaction are ready contracts are exchanged, normally over the telephone, committing both buyer and seller to proceed to completion, this is typically 8-10 weeks from your confirmed instructions to act.
- Completion: The conclusion of your sale or purchase
Key stages of the conveyancing process
- 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
What does your quote include?
Our fees cover all the work required to complete the sale or purchase of your home, 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 is in Wales.
Our fee assumes that:
a. 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
b. this is the assignment of an existing lease and is not the grant of a new lease
c. the transaction is concluded in a timely manner and no unforeseen complication arise
d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
How long will my purchase/ sale take?
How long it will take from your offer being accepted until you can move in to your new home or sell your existing one will depend on several factors. The average process takes between 10-12 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 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.
Who will be dealing with my matter?
Your matter will be dealt with from start to finish by one of our experienced conveyancers. This will either be a solicitor or Chartered Legal Executive. We currently have three members in our “team” who may work on your matter, we try to ensure that you deal with the same person from start to finish but there may be exceptions, for instance if one of the team are on annual leave. Regardless of who deals with your matter they will be supervised by Bill Singh, who is the Head of the Department.
See more about our team here.