Our fees for a Sale and/or Purchase will range from £650.00 to £2,500.00 based on a straightforward Freehold Registered title. Our fees will depend on the value of the property. Please contact us by telephone on (029) 2039 5888 or email [link] to obtain a written estimate.

DISBURSEMENTS

Disbursements are costs related to third party services which we pay on your behalf.

Office copies of your title: £3 per document – provided to Sellers’ Solicitors

Electronic ID check: we are obliged to obtain up to date identification documentation and carry out verification checks for all clients including ongoing clients

Search Fees: Dependent on Local Authority

Bankruptcy Search: £2 per name. If you are getting a mortgage, we are obliged by your Lender to undertake a bankruptcy search against your name

Land Registry pre-completion search – £3 per property title. On a purchase, just prior to completion, we undertake a search of the Land Registry records to check there has been no changes to the registered title since the contract paperwork was supplied by the Sellers’ solicitor

Land Transaction Tax / Stamp Duty Land Tax: 0-12% of the purchase price. The amount payable depends on the property purchase price and other circumstances.

Please visit the below links for more information:

WRA Land Transaction Tax Calculator (Properties in Wales)

https://www.gov.wales/land-transaction-tax-calculator

HMRC Stamp Duty Tax Calculator (Properties in England)

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro

HM Land Registry Registration Fees: £45 -£1,105.00 Following completion of a purchase we will submit an application to HM Land Registry to register the purchase and mortgage (if applicable). The fee varies depending on several factors including the purchase price.

ADDITIONAL SERVICES

In most cases we do not need to revise our fees. Sometimes however during the transaction matters emerge or the matter becomes more complex which can in turn increase costs.

Please be assured that most of the service and fees detailed will not be relevant to your transaction but we prefer to advise you in advance of the possible scenarios. A summary of the most common additional Services and Fees are set out below:

• Completing and submitting an LTT/SDLT Return – £75.00
• Electronic Money Transfer Fee – £35
• Mortgage Lender Fees £80 – £150 (as per mortgage offer)
• Lease Title – £180 – £350
• Unregistered Title – £250 – £360
• New Build – £195
• Expedited Property Transaction Fee – exchange & completion within five working days of each event – £100
• Help to Buy Scheme – £250
• Help to Buy ISA Scheme – £50
• Obtaining Title Indemnity Insurance – £75
• Dealing with gifted deposit – £125
• Lender Portal Fee – £30

All costs are subject to VAT at standard rate

CONTACT US FOR A QUOTE – LINK

WORK PROCESS AND TIMESCALES

PURCHASE & SALES

Taking Instructions

• At this stage our Solicitors will take your instructions, obtain ID and give you initial advice
• Check finances are in place to fund purchase and request evidence of source of funds and wealth from you
• Collect the relevant documents and information from everyone involved to get the process started

STAGE 2

Pre-Contract

This is where we undertake due diligence. This includes requesting searches and checking the results. We will review the title and supporting documents, raising enquiries where required to ensure good title to the property. We will report to you on the title and results of searches

Sale – we will check the title and draft the contract confirming the terms of the sale.

We will respond to the buyers’ queries, and they perform the searches

Once the contract is approved in can be signed in readiness for exchange of contracts

Generally, once we are satisfied with the searches, the title including replies to enquiries raised by us and the Mortgage Offer (if applicable) is correct, and we can comply with the conditions. We can then move to discussing exchange of contracts with an agreed completion date.

You can then transfer your deposit to us – subject to the source of funds/wealth checks referred to in Stage 1

STAGE 3

Exchanging Contracts

Once the chain has agreed a completion date, we can exchange contracts. This is when the sale/purchase becomes binding. This is why it is important to ensure that all due diligence is done before exchange of contracts.

We will transfer the deposit to the sellers’ Lawyers or if it’s a sale, the Buyers’ Solicitors will transfer the deposit to us.

STAGE 4

Completion

This is the day that the transfer is completed. There are pre-completion tasks which we will have carried out, but the majority of the work will have been done before exchange of contracts.

Completion funds including mortgage funds received will be transferred between Solicitors.

Once received, the Estate Agents will be authorised to release the keys to your new home.

STAGE 5

Post Completion

Following completion we will submit any Stamp Duty Land Tax, Land Transaction Tax Forms on your behalf. We will pay the relevant tax on your behalf to HMRC or WRA, according to our calculations. Please note that this tax is a personal tax, and it is your responsibility to ensure that the correct amount of tax is being paid.

We will apply the registration of the purchase to HM Land Registry and keep your Lender updated during the process.