Residential Property

We have a dedicated team of residential property experts who can deal with many conveyancing transactions

including:-

House sales and purchases

Sales and purchases of land

Help to buy transactions

Leasehold property

Right to Buy

Remortgages

New build properties

Transfers of equity

The firm is highly respected both in the Shrewsbury market and the surrounding areas and is on the panel of all the leading mortgage lenders.

We are also proud to confirm that we have attained the standard required by the Law Society to be a member of their Conveyancing Quality Scheme (CQS) We always aim to provide an efficient, speedy, thorough and personal service to our conveyancing clients.

Purchasing a Freehold or Residential Leasehold Property

Conveyancers fees and disbursements

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

Our fixed fees range from £650.00 plus VAT to 0.2% of the purchase price plus VAT depending on the price of the property you are buying, please see table below. Please note all our fees are based on your matter: being a standard transaction which proceeds in a timely matter; and that no unforeseen matters arise, including but not limited to a title defect or the preparation of additional or unforeseen documents; and where the property being purchased is leasehold, that it involves the assignment of an existing lease and is not the grant of a new lease and that there is not a lease extension.

Fee Scale

Our fees are based on the purchase price of the property

Property price up to £250,000, our fee is £650 plus VAT

Property price £250,000 to £299,999, our fee is £695 plus VAT

Property price £300,000 to £399,999, our fee is £795 plus VAT

Property price £400,000 to £499,999, our fee is £895 plus VAT

Property price £500,000, plus our fee is 0.20% of the property price plus VAT

Additional Fees:

Restriction to be entered on the title of the property £200 plus VAT and disbursements

Declaration of Trust £200 plus VAT

Transfer of Equity where there is no mortgage £350 plus VAT and disbursements

Transfer of Equity - where there is an existing mortgage £400 plus VAT and disbursements

Transfer of Equity with a new mortgage £450 plus VAT and disbursements

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We deal with the payment of the disbursements on your behalf but ask you to pay these to us in advance.

The fees involved are usually:

HM Land Registry fees range between £20.00 and £270.00. These will depend upon whether the property is registered at the Land Registry or not.

If you are purchasing a Leasehold Property there are likely to be additional disbursements.

Disbursements which we anticipate will apply are set out below, however the amounts vary and those specified below are for indicative purposes only.

Notice of Transfer fee. Generally, between £50.00 - £250.00; Notice of Charge fee (if the property is to be mortgaged). Generally, between £50.00 - £250.00;

Deed of Covenant fee, this fee is set by the management company for the property. Often it is between £50.00 - £250,000.00

Certificate of Compliance fee, to be confirmed upon receipt of the lease, generally between £50.00 - £100.00

Fees relating to the transfer of membership in any management company, generally in the region of £100

Search Fees for searches about the property such as local authority searches, drainage etc are generally in the region of £300 but we will give you an accurate figure on request of a quotation.

The above fees vary from property to property and can on occasion be significantly more. An accurate figure can be given once we have sight of the 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 we receive this information.

Please note: if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 8-12 weeks. In such a situation, additional charges would apply such as the landlord’s solicitors fees.

Stamp Duty Land Tax

This depends on the purchase price of your property and whether you have any other property interests. You can calculate the amount you need to pay by using the HMRC website or, if the property is located in Wales, by using the Welsh Revenue Authority’s website. Alternatively, we will be happy to calculate this figure for you.

Timescale

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors, such as the length of the conveyancing chain and whether you are having a mortgage. The average process usually takes between 6-8 weeks.

Selling a Freehold or Leasehold Residential Property

Conveyancers fees and disbursements

Our fees (plus VAT) cover all of the work required to complete the sale of your home, including dealing with discharge of your mainstream mortgage.

Our fixed fees range £650.00 plus VAT to 0.2% of the sale price plus VAT and disbursements, please see our fee scale below. Please note all our fees are based on your matter: being a standard transaction which proceeds in a timely matter; and that no unforeseen matters arise, including but not limited to a title defect or the preparation of additional or unforeseen documents; and where the property being sold is leasehold, that it involves the assignment of an existing lease and is not the grant of a new lease and that there is no a lease extension.

Fee Scale

Our fees are based on the sale price of the property: Property price up to £250,000, our fee is £650 plus VAT

Property price £250,000 to £299,999, our fee is £695 plus VAT

Property price £300,000 to £399,999, our fee is £795 plus VAT

Property price £400,000 to £499,999, our fee is £895 plus VAT

Property price £500,000 plus our fee is 0.20% of the property price plus VAT

Disbursements

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 and will ask you to pay these to us in advance.

Disbursements applicable on a sale will be Land Registry Fees of £6 plus £3 per document required from the Land Registry in addition to your registered title and plan. If you have a mortgage to be discharged there will be a further money transfer fee of £36. Please also note that mortgage providers may charge a redemption charge or an administration fee to discharge your mortgage.

If you are selling a Leasehold Residential Property there is likely to be a fee for obtaining a leasehold sale/management pack: generally between £100 - £500 per pack required.

Timescale

The length of time required to complete the transaction will depend on a number of factors such as the length of the chain and whether or not your buyer is having a mortgage. The average process usually takes between 6-8 weeks but this can vary.

Remortgages

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

Conveyancers Fees

Legal Fee: £400.00 plus VAT Electronic money transfer fee: £36.00

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We deal with payment of the disbursements on your behalf. The disbursements we anticipate will apply are set out below but the list is not exhaustive and other disbursements may apply.

HM Land Registry fee: Generally between £6.00 to £12.00

HM Land Registry registration fee: Average £20

Search Fees or Indemnity Insurance Fees: Approximately £300 - please note that some search fees are subject to VAT

Electronic money transfer fee: £36



Contact Adam Biggs, Stephen Thornton, Emily Parker, James Hand.