Conveyancing

Purchase of a residential property, either Freehold or Leasehold.

Our fees cover all of the work required to complete the purchase of your new home from start to finish, including the pre-completion searches, dealing with registration at the Land Registry and dealing with any of Stamp Duty Land Tax (Stamp Duty), if applicable.

Our Legal fee will vary depending on the value of the property purchased. If you are purchasing a leasehold property, there will be a supplement of £200.00 plus VAT.

Property Value	Legal Fee (exc. VAT and disbursements)
£0.00 – £99,000.99	£650.00
£99,100.00 – £175,000.99	£675.00
£175,001.00 – £250,000.99	£700.00
£250,001.00 – £350,000.99	£750.00
£350,001.00 – £500,000.99	£800.00
£500,001.00 – £650,000.99	£1000.00
£650,001.00 +	Price provided on application.

If your property falls within the HU17 postcode area, the applicable fees will be as follows:

SALE AT £150,000	Legal Fee (exc. VAT and disbursements)		PURCHASE AT £150,000	Legal Fee (exc. VAT and disbursements)
Pepperells	£650		Pepperells	£675
SALE AT £300,000			PURCHASE AT £300,000
Pepperells	£750		Pepperells	£750
SALE AT £550,000			PURCHASE AT £550,000
Pepperells	£950		Pepperells	£1000
LEASEHOLD FEES
Pepperells	£220

Disbursements are costs related to your matter that are payable to third parties, for example the Land Registry Fees. We handle this on your behalf to ensure a smoother purchase. Examples of disbursements in your matter may include:

• Local Authority, Environmental & Drainage and Water Search – £145.90 (Approx.)
• Flood Search (optional) – £24.00 (Approx.)
• HM Land Registry fee – variable dependant on value of property
• Stamp Duty Land Tax – variable dependent on value of property
• Same Day Electronic money transfer fee – £30 if required
• Anti-Money Laundering Checks – £6.00 – £12.00 per person dependent on the level of checks required
• Pre-completion search OS1 (per title if registered) – £3.00
• Bankruptcy/Land Charges Search (per buyer – only if there is a lender) – £2.00

Certain disbursements are variable depending on the purchase price of your property. You can calculate the amount of Stamp Duty Land Tax you will need to pay by using HMRC’s website. The Land Registry website provides more information on what you might expect to pay for their fees.

If you are purchasing a leasehold property, there are additional disbursements that may or may not apply to your lease, depending on the individual terms of the lease. We have provided estimates though they may vary from property to property and can be significantly more or less than the ranges provided. These may include:

• Notice of Transfer fee.
• Notice of Charge fee (if the property is mortgaged).
• Deed of Covenant fee – this fee is provided by the management company for the property and can be difficult to estimate.
• Certificate of Compliance fee.
• Each of the above are additional disbursements and vary from case to case.

With a leasehold property, It is often the case that ground rent and service charges will apply throughout your ownership of the property. We are able to confirm this upon receipt of the lease.

Our fee assumes the following:

• This is a standard transaction and that no unforeseen matters arise, including (but not limited to) a defect in title that needs remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
• The transaction is concluded in a timely manner and no unforeseen complications arise
• All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
• No indemnity policies are required. Additional disbursements may apply if so.
• In respect of leasehold properties, that this is an assignment of an existing lease and not the grant of a new lease

How long will my house purchase take?

It is impossible to be specific over this as no two transactions are exactly alike. On average, however, it is likely to take between 8 – 12 weeks.

It can be quicker or slower, depending on a number of factors. For example, how quickly the various parties can arrange their finances, how many enquiries need to be raised and how quickly they can be answered will affect how long the process takes. Where there is a chain involved with many buyers and sellers, all dependent on one another, this can add to the length of time taken.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the following will form part of any typical transaction:

• 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
• Review any lease documentation (if applicable)
• Provide a full explanation on all documents and information received and ensure it is fully understood by you
• Go through conditions of any mortgage offer with you
• Send final contract to you for signature or attend on you to arrange signing
• Exchange contracts (at this point the transaction will become legally binding) and notify you that this has happened
• Agree completion date (date from which you own the property)
• Arrange for all monies needed to be received from lender and you
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry
• Keep you informed and advised throughout

Sale of a Residential Property, either Freehold or Leasehold

Our fees cover all of the work required to complete the sale of your new home, including drafting the necessary contracts and paperwork and responding to any queries raised by your buyer.

Our Legal fee will vary depending on the value of the property you are selling. If you are selling a leasehold property, there will be an additional charge of £200.00 plus VAT.

Property Value	Legal Fees (exc. VAT & disbursements)
£0.00 – £99,000.99	£595.00
£99,001.00 – £175,000.99	£650.00
£175,001.00 – £250,000.99	£700.00
£250,001.00 – £350,000.99	£750.00
£350,001.00 – £500,000.99	£850.00
£500,001.00 – £650,000.99	£950.00
£650,000.00 +	Price provided on application.

Disbursements are costs related to your matter that are payable to third parties, for example the Land Registry Fees. We handle this on your behalf to ensure a smoother purchase. Examples of disbursements in your matter may include:

• Title Documents – £3.00 each is registered title
• Land Charges searches – £2.00 (if unregistered title)
• SIM Search £4.00 (if unregistered title)
• Anti-Money Laundering Checks – £6.00 – £12.00 per person dependent on the level of checks required
• Electronic money transfer fee £30.00 per transfer

Our fee assumes the following:

• This is a standard transaction and that no unforeseen matters arise, including (but not limited to) a defect in title that needs remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
• The transaction is concluded in a timely manner and no unforeseen complications arise
• All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
• No indemnity policies are required. Additional disbursements may apply if so.
• In respect of leasehold properties, that this is an assignment of an existing lease and not the grant of a new lease

How long will my house purchase take?

It is impossible to be specific over this as no two transactions are exactly alike. On average, however, it is likely to take between 8 – 12 weeks.

It can be quicker or slower, depending on a number of factors. For example, how quickly the various parties can arrange their finances, how many enquiries need to be raised and how quickly they can be answered will affect how long the process takes. Where there is a chain involved with many buyers and sellers, all dependent on one another, this can add to the length of time taken.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, the following will form part of any typical transaction:

• Take your instructions and give you initial advice
• Draft and advise on contract documents
• Respond to enquiries of buyer’s solicitor
• Review any lease documentation (if applicable)
• Provide a full explanation on all documents and information received and ensure it is fully understood by you
• Send final contract to you for signature or attend on you to arrange signing
• Exchange contracts (at this point the transaction will become legally binding) and notify you that this has happened
• Agree completion date (date from which you no longer own the property)
• Arrange for all monies to be transferred as appropriate
• Keep you informed and advised throughout

Mortgages

Our fees cover all of the work required to complete the remortgage on your property.

Our legal fee will vary depending on the value of the property in question. If it is a leasehold property, there will be a supplement of £100.00 plus VAT.

Property Value	Legal Fee (exc. VAT and disbursements)
£0.00 – £99,000.99	£595.00
£99,100.00 – £175,000.99	£645.00
£175,001.00 – £250,000.99	£685.00
£250,001.00 – £350,000.99	£725.00
£350,001.00 – £500,000.99	£800.00
£500,001.00 – £650,000.99	£900.00
£650,001.00 +	Price provided on application.

Disbursements are costs related to your matter that are payable to third parties, for example Land Registry Fees. We handle this on your behalf to ensure a smoother process. Examples of disbursements include:

• Pre-completion search – £3.00
• Bankruptcy/Land Charges Search (per owner) – £2.00
• Local Authority, Environmental & Drainage and Water Search – £145.90 (approximately)
• Title Documents – £3.00 each is registered title
• Land Charges searches – £2.00 (if unregistered title)
• SIM Search £4.00 (if unregistered title)
• Land Registry Fees – Dependent upon the value of the Property.

Our fee assumes the following:

• This is a standard transaction and that no unforeseen matters arise, including (but not limited to) a defect in title that needs remedying or the preparation of additional documents ancillary to the main transaction
• The transaction is concluded in a timely manner and no unforeseen complications arise
• All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
• No indemnity policies are required. Additional disbursements may apply if so.

How long will my re-mortgage take?

It is difficult to give an accurate indication of timescales, as no two transactions are the same. Generally, time taken will be between 6 – 8 weeks.

There may be certain factors that affect this estimate. For example, if your Lender requires that full searches are completed this may increase the amount of time that your matter takes.

Stages of the process

• Take your instructions and give you initial advice
• Check finances are in place to fund the remortgage and contact lender’s solicitors (if needed)
• Go through conditions of any mortgage offer with you

• Obtain up to date redemption figures
• Complete searches
• Obtain any indemnity policies if necessary
• Provide a full explanation on all documents and information received and ensure it is fully understood by you
• Send any documentation to you to be signed or attend on you to arrange signing
• Arrange for all monies needed to be received from lender and you
• Deal with application for registration at Land Registry
• Keep you informed and advised throughout