Selling A Property

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Explaining our fees:

Due to the complexity of the conveyancing process, it is not always possible to quote an exact figure. Please note the following are examples and subject to change:

On sale of properties up to £250,000.00, our legal fees would be £600 inclusive of VAT.
On sale of properties above £250,000.00, our legal fees would be £650 inclusive of VAT.

These fees cover our operating costs as well as Land Registry documents, contracts, and requesting redemption fees.

Please note there will be an additional Telegraphic Transfer fee of £16.00 per mortgage registered on the property. A Telegraphic Transfer fee is a banking cost incurred for transferring funds.
If there are additional mortgages registered on the property, please be aware there may be additional costs applicable.

Explaining the sale process:

The average sale of a property takes 6 to 8 weeks from instruction to completion but please be aware there are no guarantees due to the complexity of the sale process.

  1. Initial Queries:

    After contacting us regarding a free written quotation, if you are happy to proceed we will prepare paperwork requesting more information about yourselves and the property in question. We will require legally valid ID from relevant parties at this time in order to be compliant with our legal obligations. When returned, these will be your written instructions for us to act on your behalf. At this time we will also request a payment on account of £100.00 to cover any costs we incur during the early stages of the transaction. In addition, we will require title deeds to the property.

  2. Sending Contracts:

    At this time we will receive information from the estate agents regarding the transaction. We will prepare the official contract for sale and forward this and any relevant documents to the solicitors of the purchaser.

  3. Enquiries:

    Following receipt and check of the contract and title, the purchaser's solicitors will raise enquiries with us. We will reply to any enquiries raised. We may need more information from yourselves to properly answer these. If there is a mortgage registered on the property, we will also apply for a redemption figure from your bank/building society in the event there is an early redemption charge on your mortgage.

  4. Signing contracts:

    We will ask you to make an appointment to sign contracts and appropriate documents. We will discuss an appropriate completion date and suggest this to the purchaser's solicitors.
    Regularly, we may invite you in to sign whilst dealing with any ongoing enquiries.

  5. Exchanging contracts:

    Your purchaser's solicitors will offer us a contract and if agreed, we will exchange contracts. Once exchange has taken place, the completion is formally agreed and you cannot back out of the transaction from this point on. Please be aware that no transaction is legally binding until contracts are exchanged. Exchange of contracts will not take place without your authority.

  6. Completion of Sale:

    On the day of completion your purchaser's solicitors will send us the purchase funds. We will redeem (pay off) any mortgages registered on the property. Properties usually have to be vacated by 14:00 at the latest, and any keys should be handed to the estate agents if applicable.

  7. After Completion of Sale:

    It is the usual practice to pay the estate agents out of the proceeds of sale and final balance is usually available one working day after the completion date. Any outstanding balances are usually paid to you by cheque. If required the balance can be transferred direct to your bank account, but if the balance is over £24,999.00 then there will be bank costs incurred of £16.00 for the Telegraphic Transfer fee to your account.

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Purchasing A Property

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Explaining our fees:

Due to the complexity of the conveyancing process, it is not always possible to quote an exact figure. Please note the following are examples and subject to change:

For purchase of properties up to £300,000.00, our legal fees would be £600.00 plus £120.00 (VAT at 20%).
For purchase of properties above £300,000.00, our legal fees would be £650.00 plus £130.00 (VAT at 20%).

These fees cover our operating costs throughout the process. There will be additional disbursements as follows:

  • Compliance Search Pack: £175.40
    Includes compliance documentation as well as local searches, drainage searches, planning searches, enviromental searches, and chancel searches.
  • Telegraphic Transfer fee: £16.00
    Bank costs incurred for transferring purchase funds to seller's solicitors.
  • Land Registration fees:
    Fees payable to HM Land Registry to register property. These vary depending on price of property, please see the following link: Registration Services fees on gov.uk
  • Coal Mining Search (if applicable): £41.20
    This search will be applicable if the property is situated close to an area where coal mining was previously undertaken.
  • Stamp Duty Land Tax:
    Tax paid to HMRC. Unless you are a first-time buyer, there will be Stamp Duty payable on properties over £125,000.00. Calculate SDLT on gov.uk

Explaining the purchase process:

The average purchase of a property takes 6 to 8 weeks from instruction to completion but please be aware there are no guarantees due to the complexity of the purchase process.

  1. Initial queries:

    After contacting us regarding a free written quotation, if you are happy to proceed we will prepare paperwork requesting more information about yourselves and the property in question. We will require legally valid ID for relevant parties at this time in order to be compliant with our legal obligations. When returned, these will be your written instructions for us to act on your behalf. At this time we will also request a payment on account of £250.00 to cover any costs we incur during the early stages of the transaction, including searches.

  2. Receiving Contracts & Applying for Searches:

    At this time we will receive information from the estate agents regarding the transaction. We will receive the contract as well as official documents from the seller's solicitors. We will provide you with a copy of these documents for your information. We will also apply for searches at this time. Depending on the area of the property, these may take longer depending on the local council.

  3. Enquiries:

    As contracts are received, we will raise any enquiries to the sellers's solicitors. These may be based on the deeds and the results of searches, as well any you may wish to raise.

  4. Signing contracts:

    Once satisfactory replies to enquiries are received, and providing we have received your mortgage offer in writing, we would then ask you to make an appointment to visit the office and sign documents such as the contract, a mortgage deed, land registry documentation, and stamp duty documentation. Completion dates would be discussed with yourselves. Once a date is agreed between all parties, mortgage advances would be requested from the appropriate banks/building society and we would request your deposits and outstanding legal costs to be transferred to our bank account.

  5. Exchanging contracts:

    We will offer your purchaser's solicitors a contract and, if agreed, we will exchange contracts. Once exchange has taken place, the completion is formally agreed and you cannot back out of the transaction from this point on. Please be aware that no transaction is legally binding until contracts are exchanged. Exchange of contracts will not take place without your authority.

  6. Completion of Purchase:

    On the day of completion we will send the purchase funds to the seller's solicitors. Properties usually have to be vacated by 14:00 at the latest, and any keys will be handed to the estate agents if applicable.

  7. After Completion of Purchase:

    If applicable, at this time we will submit any Stamp Duty Tax owed to HMRC. We will also forward the appropriate documentation to the Land Registry in order that the property can be registered in your names. Please note that first registrations can take up to one year depending on the Land Registry. We will contact you as soon as this is complete.

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Due to the complexity of the conveyancing process, it is not always possible to predict all circumstances relating to the sale and purchase process. If you have any additional queries about the conveyancing process, please do not hesitate to contact us and we will do our best to answer them as soon as possible. For a no-obligation quotation please get in touch.