Freehold Residential Purchase Pricing

Thank you for looking at our property services. Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling freehold property.

We will guide you through each step of your transaction, tailoring our service to fit your requirements, so you can have complete peace of mind that every detail has been properly handled. Where necessary, we can also recommend other professionals such as Surveyors, IFA’s and property valuers, giving you access to all the expertise you need.

At a time where money really matters, we take care to provide a high quality, value-for-money service you can rely on. We will keep you regularly advised of every detail you need to know so you can make informed decisions and conclude your freehold property transaction promptly and with the minimum possible stress and hassle.

Why us?

We have an experienced team who understand the stress involved in buying, selling or re-mortgaging your property. Our approach is a simple – we provide a first-class service from our expert team who make the difference by taking the stress away from you and dealing with all the details of your transaction on your behalf.

We know that communication is key. Our team are made up of highly qualified Solicitors who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner, but also have the people skills to ensure you are kept informed of everything you need to know in plain English.

You will have the confidence that you are our priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have.

We realised that this is potentially the biggest investment of your life and we not only want to provide the first-class service you deserve, but also real value for money with no hidden fees.

We are proud to hold an ISO9001 Accreditation and a CQS Accreditation, (issued by the Law Society). This involves the firm undergoing a rigorous audit process which ensures we maintain the highest levels of client care.

Freehold Residential Purchase Pricing

The fees involved in any transaction are important and we review our fees on a regular basis, considering clients’ feedback so we can make sure we always offer the best value for your money.

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 development, we will discuss the change in fees with you and agree a way forward.

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (LTT) if the property you wish to buy is in Wales.

We work on a fixed fee basis which will be agreed with you at the outset based on the value of the property. Indicative costs are set out below but please contact us directly using the Conveyancing Quote Form for a detailed quote.

Indicative Fees

*based on two purchasers. Bank transfer fee of £30+VAT, ID checks £15+VAT per person

Disbursements

A Freehold purchase will also necessitate the payment of disbursements (costs related to your matter that are payable to third parties, such as Land Registry fees). We handle the payment of the disbursements on your behalf to ensure a smoother process.

These fees may be subject to change if further information relating to your property becomes available.

Searches

We will complete a number of detailed searches as part of our enquiries which will be charged as disbursements. The typical cost will be £300 - £350, but it could be more depending on the area in which you are purchasing a property.

Stamp Duty Land Tax/Land Transaction Tax

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. If you are purchasing a property in Wales you will need to pay Land Transaction Tax (LTT). The amount you will be liable for depends on various factors and you can use the calculators here (SDLT) or here (LTT) to indicate your tax liability. We will arrange payment of the relevant tax as part of our service.

Land Registry Fees

HMLR Registration Service fees will be payable as part of your purchase. The administration of HMLR registration is included within our costs, but the registration fee is payable as a disbursement.

The table below indicates likely costs, but please see the gov.uk guidance for more information:

Overall Indicative Costs

The table below indicates the likely total cost to you for a freehold purchase (fees and disbursements, including tax).

*assuming that the property is in England, you are not first time buyers, it is your main residence and that you will not own any other property. This will need to be clarified in a final quote.

Please note that this is only an indication. For a personalised, accurate quote please use our Conveyancing Quote Form.

Exclusions

The Conveyancing Department does not undertake tax advice.

Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

Factors that may lead to an increase in cost include:

• If a legal title is defective or part of the property is unregistered
• If you discover building regulations or planning permission has not been obtained
• If crucial documents, we have previously requested from you have not been provided to us
• If the property is a new build
• If you require to exchange within 6 weeks of instructing us
• If you require completion within 6 weeks of instructing us
• If you require simultaneous exchange and completion
• If Indemnity Insurance policies are required

Timescales

For any transaction, the timescales are subject to change depending on when your offer is accepted and factors involved such as:

• Number of parties in the chain
• Whether you have a mortgage in place
• Whether you are buying a new build property
• Whether you need a lease extension for a leasehold property

A typical transaction will take between 10-14 weeks. However, if any of the above apply, or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. 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 Stages

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

• Taking your instructions and give initial advice based on the information you have provided
• Checking finances are in place to fund the purchase and contacting the lender’s solicitors if needed
• Receiving and advising on contract documents
• Undertaking searches
• Obtaining further planning documentation if required
• Making any necessary enquiries of the seller’s solicitor
• Providing advice on all documents and information received
• Advising you of the mortgage offer conditions
• Finalising contracts and sending to you for signature
• Agreeing a completion date (the date from which you will legally own the property)
• Exchanging contracts and notifying you that this has happened
• Ensuring all monies have been received from you and the lender(s)
• Completing the purchase
• Dealing with payment of Stamp Duty/Land Tax
• Completing and submitting an application for registration at the Land Registry