We will guide you through each step of your transaction and offer a service that fits your requirements. We will keep you up-to-date with all of the relevant information so that you can make informed decisions and have complete confidence that every detail has been properly taken care of. All our conveyancing work is carried out by a professionally qualified conveyancer, (Licensed Conveyancer or Solicitor) of many years experience, and is not delegated to “case handlers” which you may find elsewhere.
We are proud to hold both Lexcel and Conveyancing Quality Scheme accreditations, issued by the Law Society. This involves the firm maintaining high levels of professional practice and client care.
Pricing
We typically work on a fixed fee basis, ensuring that you know what the fees will be for your transaction from the outset. If, during the transaction there is a new unexpected development which requires additional work by us we will discuss any change in fees with you and agree a way forward.
Our legal fees:
Our legal fees cover all the work involved in completing your proposed sale.
Legal fees - you Legal fees - Lender (if any) | £1,100.00 - £1,650.00 + VAT (£220.00 - £330.00) £97.50 plus VAT (£19.50) |
Electronic transfer of funds fee File retention/storage fee | £40.00 plus VAT (£8.00) per transfer £25.00 plus VAT (£5.00) |
(Disbursements are payable in addition as dealt with below)
We do not enter into any “referral fee” payment arrangements with estate agents or anyone else.
Disbursements:
Disbursements are costs related to your matter that are payable to third parties. These disbursements are payable by you in addition to the above fees.
These disbursement costs are subject to change by the third parties, and may vary if further information is required specifically in relation to your matter.
The following are the typical disbursements involved with most sale transactions:-
Copy Land Registry title documents | £3.00 per document |
If the property is leasehold then information/documentation will be required from the Landlord/Management Company. They will charge a fee to produce this which will be additional to the above costs and the amount can vary; typically between £200 - £300 plus VAT. Further details will be provided to you once contact has been made with the Landlord/Management Company.
Exclusions
We do not undertake tax advice and we would recommend you seek advice from an independent financial adviser. Further, we do not carry out property valuations.
Our legal fees are fixed at the time of estimate, however there may be factors which would typically increase our fees. Where there is likely to be any additional legal fees, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra fees will be provided.
Factors that may lead to an increase in cost include:
- If the legal title is defective or part of the property is unregistered at the land registry
- If building regulations or planning permission have not been obtained for some work at the property.
- If crucial documents are missing
Time Scales
For any transaction, the timescales are subject to change depending on factors involved such as:
- The number of parties in the chain
- Whether the buyer has a mortgage in place
- Whether the buyer requests a lease extension on a leasehold property
- Whether the buyer’s “searches” flag up any issues
- Whether the buyer’s Survey shows up any issues
- The number and issues raised in the Buyer’s legal enquiries
- The need to obtain information from a landlord or management company in connection with a leasehold property sale
A typical transaction will take between 8-10 weeks. However, if any of the above apply, or there are other factors we need to take into consideration, this may increase the time by a further 4-6 weeks or more depending on the co-operation of the parties concrned.
We will discuss this with you at the earliest opportunity so you always have a clear picture of how long things are likely to take.
Key Milestones
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:
- Taking your instructions and giving initial advice based on the information you have provided
- Drafting the contract of sale and any other necessary documents
- Sending the contact of sale to the buyer’s solicitor and dealing with any enquires they raise
- Obtaining information/documentation from the Landlord/Management Company
- Providing advice on all documents and information received
- Finalising the contract and sending to you for signature
- Agreeing a completion date (the date from which the buyer will legally own the property)
- Exchanging contracts and notify you that this has happened
- Completing the sale
