Residential Conveyancing

Purchase of a Freehold Residential Property

Our fees cover all of 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 Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales, or Stamp Duty Land Tax (Stamp Duty) if the property is in England.

Disbursements are costs related to your matter that are payable to third parties, such as searches and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Land Tax or Stamp Duty may be payable. This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the Welsh Revenue Authority’s website https://lttcalculator.wra.gov.wales/ChargeableTransactionType if the Property is located in Wales or the HMRC’s website https://beta.gov.wales/land-transaction-tax-calculator or if the property is located in England

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8-10 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply and these would be discussed with you.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to the transaction:

  • Take your instructions and give you initial advice
  • Receive, review and advise on contract documents
  • Raise enquiries on the contract documents with the seller’s solicitors
  • Carry out searches
  • Obtain further documentation as revealed on the searches and contract documentation if required
  • Draft the Transfer deed
  • Report to you and give advice on all documents and information received
  • Receive your mortgage offer and discuss the conditions of the offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

 

Purchase of a Leasehold Residential Property

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

Disbursements are costs related to your matter that are payable to third parties, such as searches and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply in addition to those provided for on our quote calculator are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50.00 to £250.00.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50.00 to £250.00.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £300.00.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100.00 and £200.00.

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Land Tax or Stamp Duty may be payable. This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the Welsh Revenue Authority’s website https://lttcalculator.wra.gov.wales/ChargeableTransactionType if the Property is located in Wales or the HMRC’s website https://beta.gov.wales/land-transaction-tax-calculator or if the property is located in England

How long will the purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8 – 12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8-12 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply and these would be discussed with you.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to the transaction:

  • Take your instructions and give you initial advice
  • Receive, review and advise on contract documents, the Lease and the Management Pack
  • Raise enquiries on the contract documents with the seller’s solicitors
  • Carry out searches
  • Obtain further documentation as revealed on the searches and contract documentation if required
  • Draft the Transfer deed
  • Report to you and give advice on all documents and information received
  • Receive your mortgage offer and discuss the conditions of the offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with notices with the Landlord and Deed of Covenant with the Management Company
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

 

Sale of a Freehold Residential Property

Our fees cover all of the work required to complete the sale of your home, including redemption of any existing mortgages and payment of Estate Agent fees.

Disbursements are 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.

How long will my house sale take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer, selling a property which is subject to a Management Company, it could take 8-10 weeks. If you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply and these would be discussed with you.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to the transaction:

  • Take your instructions and give you initial advice
  • Draft the contract and send to the buyer’s solicitors
  • Deal with enquiries raised by the buyer’s solicitors
  • Obtain further documentation as revealed on the searches and contract documentation if required
  • Obtain a redemption figure from your lender.
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from the buyer’s Solicitors
  • Complete the sale
  • Deal with repayment of any mortgages and Estate Agent fees

 

Sale of a Leasehold Residential Property

Our fees cover all of the work required to complete the sale of your home, including obtaining a Management Pack, redemption of any mortgages and payment of Estate Agent fees.

Disbursements are 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. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply in addition to those provided for on our quote calculator are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements

  • Ground Rent receipt and Notice fees from Landlord. Often the fee is between £100.00 to £250.00.
  • Management Pack. Often the fee is between £100.00 to £250.00.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £300.00.

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

How long will the sale take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-10 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer, selling a property which is shared ownership, it could take 10-16 weeks. If you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply and these would be discussed with you.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to the transaction:

  • Take your instructions and give you initial advice
  • Draft the contract and send to the buyer’s solicitors
  • Deal with enquiries raised by the buyer’s solicitors
  • Request ground rent information from the landlord
  • Request a management pack from the management company
  • Obtain further documentation as revealed on the searches and contract documentation if required
  • Obtain a redemption figure from your lender.
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from the buyer’s Solicitors
  • Complete the sale
  • Deal with repayment of any mortgages and Estate Agent fees

 

OUR FEES EXPLAINED

At Hughes Jenkins we pride ourselves in providing you with a clear and accurate estimate of our costs at the outset of your case.

Our Conveyancing fees:-

FREEHOLD RESIDENTIAL PURCHASE:-

Legal fees on properties below £100,000 Legal fees on properties between £100,001 to £150,000.00

 

Legal fees on properties between £150,001 to £200,000.00
£495.00 plus VAT of £99.00 BASIC LEGAL FEE £500.00 plus VAT of £100.00 BASIC LEGAL FEE

 

£525.00 plus VAT of £105.00 BASIC LEGAL FEE
£30.00 plus VAT of £6.00

Telegraphic transfer fee

£30.00 plus VAT of £6.00

Telegraphic transfer fee

 

£30.00 plus VAT of £6.00

Telegraphic transfer fee

Total fee: £630.00 Total fee: £636.00 Total fee: £666.00

 

Disbursements:-

 Disbursements are monies paid to third parties on your behalf):-

  • Full search package:                          £155.00 (which consists of Local Authority, Water & Drainage, Environmental and Coal Mining)
  • Land Registry searches:                     £3.00 per title.
  • Bankruptcy searches:                         £2.00 per name.

HM Land Registration fee:                  this varies on the price of the property and whether the property is registered or unregistered. Please refer to the link which will confirm the fees http://landregistry.data.gov.uk/fees-calculator.html

Stamp Duty:  Again this varies on the price of the property, where the property is located and whether you own or have previously owned another property. Please refer to the link which will confirm the fees.

For properties in Wales:

https://lttcalculator.wra.gov.wales/ChargeableTransactionType

 For properties in England:

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

 

FREEHOLD RESIDENTIAL SALE:-

Legal fees on properties below £100,000 Legal fees on properties between £100,001 to £150,000.00

 

Legal fees on properties between £150,001 to £200,000.00
£475.00 plus VAT of £95.00 BASIC LEGAL FEE £495.00 plus VAT of £99.00 BASIC LEGAL FEE

 

£500.00 plus VAT of £100.00 BASIC LEGAL FEE
£30.00 plus VAT of £6.00

Telegraphic transfer fee

£30.00 plus VAT of £6.00

Telegraphic transfer fee

 

£30.00 plus VAT of £6.00

Telegraphic transfer fee

Total fee: £606.00 Total fee: £630.00 Total fee: £636.00

 

Disbursements:-

 Disbursements are monies paid to third parties on your behalf):-

  • Office Copies (Land Registry):           6.00

 Our fee assumes that:

  • The transaction 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 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.

 

Additional fees will be payable for:-

For dealing with a leasehold property £125.00 plus VAT

 

Leasehold titles are more complex and involves checking the terms of the Lease and dealing with the Landlord and/or Management Company

 
For dealing with a help to buy equity

Loan

    £150.00 plus VAT

Help to Buy loans are more complex and  

    involves dealing with Help to Buy Wales

   
Help to Buy ISA requests: £40.00 plus VAT

   Our standard fee does not include the

   additional work for dealing with the ISA

   requirements and draw down of the bonus

   
Shared Ownership Properties £150.00 plus VAT

Shared ownership properties are more complex and involves checking the terms of the Lease and dealing with your lender’s requirements on shared ownership and also liasing with the Housing Association and/or Management Company

   
Statutory Declaration £125.00 plus VAT

This is may be required to resolve a defect in title

   
Declaration of Trust £125.00 – £250.00 plus VAT

This may be required where a property is being purchased jointly but each party is contributing different amounts

   
Telegraphic Transfer fee £30.00 plus VAT

This relates to any transfer of funds. Our fees above accounts for one transfer.  Any further transfers will incur an additional transfer fee for each transfer

   
Corresponding with a Third party £100.00 – £200.00 plus VAT

If we have to liaise with a third party this will incur additional work

   

Any work which is non standard to the transaction i.e. negotiating rights of way, release of covenants, licence for alterations, lease extension and other such matters would incur additional fees. Any additional fees for these types of matters would be discussed with you should these events arise.

 

 

We have an experienced team of Residential Conveyancers here to ensure that your property transaction runs as quickly and as smoothly as possible.  Whether you are buying or selling or have any other residential property requirement – you can rely on us to get you moving!

Our in depth local knowledge and our strong relationships with Estate Agents and Developers, means that we are able to liaise seamlessly and provide you with the best service we can.  Our vast experience means we can achieve the right result for you no matter where you are in Wales or England.

You will be appointed one of our dedicated team of friendly professional Conveyancers, who will handle your matter from start to finish.  We realise buying and selling can be stressful, so we strive to keep you fully informed at all times with any relevant information or developments.  Your dedicated Conveyancer is constantly on hand to answer any questions you might have and wherever possible will use the telephone and email to contact you to speed things up.

If you would like to make an enquiry or speak to one of our experienced Conveyancers then please contact us.

 

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