Moving home and dealing with residential property can be stressful. We will deal with matters as quickly as possible and at reasonable cost. The quality of our work is reflected in the award of the Law Society's quality scheme award.
Amongst other matters we can assist with: -
• the Purchase and sale of residential freehold property
• the Purchase and sale of leasehold property
• lease extensions
• Re-mortgages
• Auction sales and purchases
• Re-possessed Property
We always aim to provide a competitive service in terms of cost whilst ensuring that we maintain a high quality, personalised service for all our clients – whether new or returning clients.
The amount you will pay your legal adviser on a conveyancing transaction will normally depend on many factors including the property:-
• value
• type – freehold or leasehold
• location ie some local authority searches may be more expensive
• funding ie whether there is a mortgage.
You can use this guide to see what our residential conveyancing fees should be for a property up to a value of £500,000.00
If you need a personalised quote for a property worth more than £500,000.00, or have a property which is, in whole or in part, non-residential, then please contact us in person in any of our 4 offices, by phone or by email and we will be happy to give you details of our fees.
** We specialise in transactions involving local Chalet Park properties and local Broads Mooring Plots – please see note below for these types of transaction
Each transaction is different and the following is a guide to what our fees should be and we recommend you contact us for a specific fixed quote based on all the circumstances of your particular case
Other legal advisers – compare like with like?
All our residential conveyancing work is undertaken or directly supervised by one of our partners. You will not be dealing with an unqualified person in a call centre!
n residential conveyancing, Chris Smyth and Michael Taylor have both been qualified as solicitors for over 30 years and Vickie Hurren has been a Fellow of the Chartered Institute of Legal Executives for over 15 years. Shannon Beare and Chelsea Matthews are also both Fellows of the Chartered Institute of Legal Executives They all have considerable practical experience of dealing with such transactions
Please see staff profiles on our website.Always bear in mind that your do not have to use the legal adviser suggested by your estate agent, bank or building society.
You may be told that their recommended legal advisers will deal always with the matters more quickly than anyone else - but that is not the case. Many delays in a transaction or related to things outside the legal adviser’s control such as delays in getting mortgage offers or getting search results. Those would be the same of all advisers
In addition, some estate agents and lenders recommend using legal advisers who are not local to you – this makes it difficult to speak to the adviser face to face and checking details.
We offer a high quality, personalised service – you are not just “a number” and we always try to go the extra mile to help our clients
For example, we see local clients who are housebound by home visit and clients from further afield out of normal offices hours (including Saturdays by appointment) at no extra cost
Please make sure that you check total fees and services offered before agreeing to instruct any other legal adviser – if you have any query at all then please speak with us.
We will always be happy to help you
The total cost of your transaction is split into 2 main parts:
• The legal fees that your legal adviser will charge you (plus VAT)
• The disbursements which must be paid out on your behalf.
The disbursements include searches and registration fees. The prices of these are not set by us – they are set by, for example the Land Registry or HM Revenue and Customs. These figures will be the same whoever you choose to undertake work for you – please make sure that the quotations your receive compare “like for like” to avoid any nasty surprises later on
Important notes
• Our fees are subject to VAT at the standard rate
• This guide assumes the property is already registered with Title Absolute at the Land Registry and that the property will be your only property for your own residential use.
Sale of a freehold property (not Chalet Park Property -see below)
• Our legal fees £525 - £1200
• Our fees for arranging the funds transfer £35 per transfer
• Registered title copy £6 (+ any extra docs referred to in the title)
• Total VAT on our fees £111 - £240
Purchase of a freehold property (for Chalet Park's - see below)
• Our legal fees £525 - £1200
• Our fees for arranging the funds transfer £35
• Our fees re your HMRC return for Stamp Duty Land Tax £75
• Lawyer Checker report fee £10
• VAT on our fees £144 - £240
In addition, especially if you are buying the property with the assistance of a mortgage then there will be search fees to be paid out (in the region of £175.00 – dependent on property price and location)., Land Registry Registration search/registration fees and Stamp Duty Land Tax may also be payable. These depend on the value of the property – please ask us for a specific quotation for those sums
Purchase of a leasehold property (for Chalet Park's see below)
The purchase of a leasehold property can be more involved and you will have to pay extra charges to the freehold owner/management company. We have no control over those items which will vary with each property.
• Our legal fees £625 - £1300
• Our fees for arranging the funds transfer £35 per transfer
• Our fees re your HMRC return for Stamp Duty Land Tax £75
• Lawyer Checker report fee £10
• VAT on our fees £204 - £260
In addition, especially if you are buying the property with the assistance of a mortgage then there will be search fees to be paid out (in the region of £175.00 – dependent on property price and location)., Land Registry Registration search/registration fees and Stamp Duty Land Tax may also be payable. These depend on the value of the property – please ask us for a specific quotation for those sums
Remortgage of a property (value of property up to £500,000)
• Our legal fees £295
• Our fees for arranging the funds transfer £35 per transfer
• Registered title copy £6 (+ any extra docs referred to in the title)
• Total VAT on our fees £70 - £91
In addition, there will be a “no search insurance policy” which, depending on the value of the property, would normally be between £40 and £60 - which many lenders will accept instead of a full search. if your lender requires a full search to be undertaken then search fees will be in the region of £175.00 (dependent on property value and location), Land Registry Registration search/registration fees and Stamp Duty Land Tax may also be payable. These depend on the value of the property – please ask us for a specific quotation for those sums
**Chalet Park and Broads Mooring Plot properties
The charges for some transactions - for example a sale or purchase of a “Chalet Park” property - will be different to those in this guide and will depend upon the particular Chalet Park where the property is situated and you may have to pay extra charges to the freehold owner/management company. We have no control over those items which will vary with each property.
Given that there are many different Chalet Parks please contact us for a specific quotation about this type of transaction on 01493 748174 – our Martham branch specialises in dealing with such transactions
The following is a general guide for such Chalet Park transactions up to a value of £40,000:
• Legal fees £275 - £425
• Our fees for arranging the funds transfer £35 per transfer
• Lawyer Checker report fee £10
• VAT on our fees £61-£76
In most cases involving Chalet Park properties clients are buying without the assistance of a mortgage and so opt not to have formal searches undertaken. Depending on whether this is a sale or a purchase there will be Land Registry fees to be paid, normally depending on the value of the property, but there will be fees to be paid to the
Abortive fees
We reserve the right to charge fees if your sale or purchase transaction does not proceed. charge will vary depending on the amount of work which we have undertaken for you
December 2018
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