Residential property service

Residential property service

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As well as offering a traditional residential property service for our discerned client base we also deal with many other aspects of residential property.

Many firms of solicitors offer conveyancing services but we pride ourselves on the bespoke quality of service we provide our clients and our personal approach throughout every stage of a transaction.

If you own or are looking to purchase leasehold property we can advise in respect of extending the lease for that property and any other issues concerning the lease, the landlord or managing agents.

Areas covered:

  • Buying and Selling residential property
  • Lease Extensions
  • Collective Enfranchisement

Residential Conveyancing – Price and Service Information

Sale of a freehold residential property

Our fees cover the work required to complete the sale of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the sale of your property. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property sale are normally in the region of 0.5% to 2% of the sale price, plus VAT. However, we have a minimum fee of £1,750 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication 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 indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • You are a UK resident and domiciled individual;
  • It is not a probate sale

Disbursements: On the sale of a residential freehold property the disbursements will include:

  • Electronic money transfer fees of £30 including VAT per transfer;
  • Land Registry fees to obtain copy title documentation – we suggest you allow up to £50.

Sale of a leasehold residential property

Our fees cover the work required to complete the sale of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the sale of your property. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property sale are normally in the region of 0.5% to 2% of the sale price, plus VAT. However, we have a minimum fee of £2,250 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (such as a deed of variation or licence for alterations);
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication 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 indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • You are a UK resident and domiciled individual;
  • It is not a probate sale;
  • Your landlord(s) and/or their management company is/are co-operative and there is no unreasonable delay in providing documentation and replies to enquiries.

Disbursements: On the sale of a residential leasehold property the disbursements will include:

  • Electronic money transfer fees of £30 including VAT per transfer;
  • Land Registry fees to obtain copy title documentation – we suggest you allow up to £50;
  • Management pack from your landlord or their management company – these amounts can vary extensively depending on the size of the building and the amount of the information to be provided. In our experience you should allow for between £300 and £1,000.
  • Licence to Assign or deed of covenant – if either or both are require you will be responsible for paying the fees of your landlord’s solicitors to produce these documents. Again these fees can vary extensively from £300 to £1,800.

Purchase of a freehold residential property

Our fees cover the work required to complete the purchase of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the purchase of your property including dealing with the registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis. PLEASE NOTE We do not act for mortgagees and if your purchase requires a mortgage it will usually be better for you to find a solicitor who can act for the mortgagee as well as you.

As a general guide, our fees for dealing with a straightforward UK residential freehold property purchase are normally in the region of 0.5% to 1.5% of the purchase price, plus VAT. However, we have a minimum fee of £2,250 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction without a mortgage and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  • You do not require a mortgage to purchase the property;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication 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 indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • You are a UK resident and domiciled individual;
  • You do not require a bespoke declaration of trust.

Disbursements: On the purchase of a residential freehold property the disbursements will include:

  • Search fees – these can vary depending upon the location and type of the property but we suggest you allow up to £600;
  • Land Registry Registration fees – these vary between £40 to £910 depending upon the value of the property and the type of registration required;
  • Electronic money transfer fees of £30 including VAT per transfer;

Tax: We can advise you on the amount of Stamp Duty Land Tax that you will have to pay if the transaction is simple. For complex transaction specialist advice may be required. Our fees estimates do not include any time for advising upon reliefs and exemptions to Stamp Duty Land Tax.

You can calculate the amount of Stamp Duty Land Tax you will need to pay by using the tools on HMRC’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Purchase of a leasehold residential property

Our fees cover the work required to complete the purchase of your property. Our charges are usually offered on a fixed fee basis plus any extra administrative charges and costs made to others on your behalf, referred to as disbursements. Our fee estimate will be based upon the time that we think we are likely to spend on the matter and will cover all the work required to complete the purchase of your property including dealing with the registration at the Land Registry and with the landlord and dealing with the payment of Stamp Duty Land Tax. A number of different factors will determine the exact amount of fees payable including any legal title complications or any special terms to be negotiated on a non-standard basis.

As a general guide, our fees for dealing with a straightforward UK residential freehold property purchase are normally in the region of 0.75% to 1.5% of the purchase price, plus VAT. However, we have a minimum fee of £2,750 plus VAT and disbursements.

Our fee estimates are provided on the following basis:

  • Title is registered at the Land Registry;
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (such as a deed of variation or licence for alterations);
  • You do not require a mortgage to purchase the property;
  • The transaction proceeds at a normal pace and there is no deadline or similar urgency required
  • This is the transfer of an existing whole title;
  • The transaction is concluded in a timely manner and no unforeseen complication 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 indemnity policies are required;
  • The property is not sold at auction or by sub-sale;
  • You are a UK resident and domiciled individual;
  • You do not require a bespoke declaration of trust;
  • Your landlord(s) and/or their management company is/are co-operative and there is no unreasonable delay in providing documentation and replies to enquiries.

Disbursements: On the purchase of a residential freehold property the disbursements will include:

  • Search fees – these can vary depending upon the location and type of the property but we suggest you allow up to £600;
  • Land Registry Registration fees – these vary between £40 to £910 depending upon the value of the property and the type of registration required;
  • Electronic money transfer fees of £30 including VAT per transfer.
  • Fees payable to the landlord and/or managing agent to register the ownership of the property. These fees can vary widely but we suggest you allow up to £120 plus VAT;
  • Additional fees may also be payable to the landlord and/or managing agents for items such as new share certificates. We suggest you allow up to £500 plus VAT for these items.

Tax: We can advise you on the amount of Stamp Duty Land Tax that you will have to pay if the transaction is simple. For complex transaction specialist advice may be required. Our fees estimates do not include any time for advising upon reliefs and exemptions to Stamp Duty Land Tax.

You can calculate the amount of Stamp Duty Land Tax you will need to pay by using the tools on HMRC’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

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