Conveyancing


Are you considering?

  • * Buying or selling a house
  • * Re-Mortgaging your house
  • * Transferring property subject to a Mortgage
  • * Buying or selling commercial premises
  • * Leasing commercial premises
  • * Buying or selling a business

If so we can help with all of your property requirements.

Residential Conveyancing

Conveyancing is the technical term for buying or selling property. Buying or selling a house is probably the largest transaction that you will make and is arguably one of the most stressful. We aim to ensure that your transaction proceeds as smoothly as possible. We will guide you through the process and keep you informed every step of the way.

We can help with:

  • * House sales and purchases
  • * Buy to Let
  • * Re-Mortgages
  • * Transfers subject to mortgage.
  • * Shared ownership Leases.

Commercial Property

We have been assisting our business clients for many years with their property requirements and can help with:

  • * Buying or selling freehold or leasehold property
  • * Leases of commercial property
  • * Lease renewal
  • * Buying or selling a business
  • * Property finance.

 

If you would like a tailored quotation please complete the contact us form with as much information as possible, this can be found by clicking here: Quotation

A few examples can be found below

 

Purchase of a freehold residential property with a valuation of £100,000

Our fees cover all of the work required to complete the purchase of your new home, including dealing with the registration at the Land Registry and dealing with the payment of any applicable Stamp Duty Land Tax.

Purchase fees and disbursements:
Legal fee £510.00
Search fees £296.56
Land Registry fee £40.00
Electronic money transfer fee £18.00
Subtotal £864.56

Purchase of a leasehold residential property with a valuation of £100,000

Our fees cover all of the work required to complete the purchase of your new home, including dealing with the registration at the Land Registry and dealing with the payment of any applicable Stamp Duty Land Tax.

Purchase fees and disbursements:
Legal fee £630.00
Search fees £296.56
Land Registry fee £40.00
Electronic money transfer fee £18.00
Subtotal £984.56

Leasehold properties could have additional disbursements which will be set out in the individual lease relating to this property. You should be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the amounts as soon as we receive this information from the seller’s solicitor. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors but could contain approximate fees such as:

• Notice of Transfer fee £60.00 – £120.00
• Notice of Charge fee £60.00 – £120.00
• Deed of Covenant fee £90.00 – £120.00
• Certificate of Compliance fee £120.00 – £180.00

We are totally independent and therefore do not pay referral fees.

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees and search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The amount of the search fees will depend on which searches your mortgage lender requests as well as which local authority the property falls within. The above figure is based on the property being within the local authority of Durham County Council. The Land Registry figure is the amount due if we are able to send the registration electronically, if the registration has to be done manually then the Land Registry’s fee would be £80.

Stamp Duty
This depends on the purchase price of your property. You can calculate the amount you need to pay by using the calculator on HMRC’s website by following this link: HMRC – Stamp Duty

How long will my house purchase take?
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average time takes between 6 to 9 weeks. It can be quicker or slower depending on the parties in the chain. For example, if you are a first time buyer, purchasing an empty property it could take as little as 3 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, a couple of months. In such a situation additional charges would apply and you would be informed of this at the start of the process.

Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages:

• Take your instructions and give you initial advice
• Check finances are in place to fund purchase
• Receive and advise on contract documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of the seller’s solicitor
• Give you advice on all documents and information received
• Advise you of the conditions of the mortgage offer
• Obtain your signature to the final contract
• Agree a 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 the lender and you
• Complete the purchase
• Deal with the payment of Stamp Duty
• Deal with the application for registration at the Land Registry