Selling Your Property

What will happen and how long will it take?

The length of time it will take from you accepting the offer until the sale completes will depend on a number of factors, however if there are no complications then on average the process takes 8 – 12 weeks

The usual stages of your sale are as follows:-

  • Taking your instructions and giving initial advice
  • Drafting the contract documents, agreeing them with you and sending them to the buyer’s solicitors.
  • Discussing any queries raised by the buyer’s solicitors with you and responding to them
  • Sending you the contract for signature
  • Agreeing a completion date
  • Exchanging contracts and confirming this to you
  • Completing your sale
  • Arranging for repayment of your mortgage and accounting to you for any balance

Factors which may increase costs and timescales

We will conduct your house sale as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in Title are identified which need to be remedied before the transaction can complete.
  • You are selling a leasehold property and a new lease is needed
  • The buyer’s solicitors raise a large number of enquiries with us
  • Your sale is part of a chain and there are delays relating to any of the other properties in the chain
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.

What will your property sale cost?

Our costs are based on the value of the property you are buying or selling.  In addition, there are various payments we will need to make on your behalf (called disbursements); of these, the fee payable to the Land Registry is also affected by the value of the property.

If your sale is for more than £500,000 please contact us for an bespoke quote

Additional charges

If you are selling a leasehold property there will be additional work we will need to carry out and we will charge additional fees of £150 plus VAT

Purchasing Your Property

What will happen and how long will it take?

The length of time it will take from your offer being accepted until you can move into the property will depend on a number of factors, however if there are no complications then on average the process takes 8 to 12 weeks.

The usual stages of  your purchase are as follows:-

  • Taking your instructions and giving initial advice
  • Carry out required checks in relation to purchase funds
  • Receive and advise on contract documents
  • Carry out searches
  • Make enquiries with seller’s solicitors in relation to any queries raised by searches
  • Advising you on documents, information and your mortgage offer
  • Sending you the contract for signature
  • Agreeing a completion date
  • Exchanging contracts and confirming this to you
  • Arranging for the receipt of monies from you and your lender
  • Completing your purchase
  • Dealing with the payment of stamp duty and the application for registration at the Land Registry

Factors which may increase costs and timescales

We will conduct your house purchase as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in title are identified which need to be remedied before the transaction can complete.
  • You are purchasing a leasehold property and a new lease is needed
  • We need to raise a large number of enquiries with the seller’s solicitors
  • Your purchase is part of a chain and there are delays relating to any of the other properties in the chain
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.
  • Your mortgage company instruct a separate firm of solicitors with whom we need to correspond.

What will your property purchase cost?

Our costs are based on the value of the property you are buying or selling.  In addition, there are various payments we will need to make on your behalf (called disbursements); of these, the fee payable to the Land Registry is also affected by the value of the property.

Additional charges

If you are buying a leasehold property, you are using a Help to Buy scheme or your deposit is being gifted to you, there will be additional work we will need to carry out and we will charge the following additional fees:-

Help to buy ISA £50 Plus VAT  = £60
Gifted deposit £50 plus VAT
Forces Help to Buy £100 plus VAT
Leasehold Purchase £200 plus VAT
Leasehold Sale £150 plus VAT
Dealing with Third party solicitor £150.00 plus VAT
Additional ID check £4.80
New Build Purchase £200 plus VAT

Finally, you will need to pay Stamp Duty on the purchase price and you can check the amount you will be liable for on the government website here.

If your purchase is for more than £500,000 please contact us for an bespoke quote

Your Remortgage

What will happen and how long will it take?

The length of time it will take from you accepting the offer until the completion of the re-mortgage will depend on a number of factors, however if there are no complications then on average the process takes 8 – 12 weeks

The usual stages of  your re-mortgage are as follows:-

  • Taking your instructions and giving initial advice
  • Liaising with both mortgage companies
  • Arranging for repayment of your original mortgage and accounting to you for any balance

Factors which may increase costs and timescales

We will conduct your re-mortgage as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in title are identified which need to be remedied before the transaction can complete.
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.

What will your remortgage cost?

For a re-mortgage up to the value of £250,000, our legal fees are £420 including VAT.

We will also need to pay certain standard fees as followings:-

Office Copy Entries          £6

Final searches                  £7

TT fee                                £33

In addition, we will need to pay a fee to the Land Registry to register the mortgage; the amount of this fee is dependent upon the value of the mortgage as follows:-

£0-£100,000                      £40

£100,001 – £200,000         £60

£200,001 – £250,000         £80.00

If your re-mortgage is for more than £250,000 please contact us for an bespoke quote

Additional

Help to buy ISA £50 Plus VAT  = £60
Gifted deposit £50 plus VAT 
Forces Help to Buy £100 plus VAT
Leasehold Purchase £200 plus VAT
Leasehold Sale £150 plus VAT
Dealing with Third party solicitor  £150.00 plus VAT
Additional ID check  £4.80
New Build Purchase £200 plus VAT