We aim to complete standard residential purchase transaction within 4-6 weeks of receipt of the contract paperwork, search results and the mortgage offer if your are purchasing with the aid of a mortgage and with similar cooperation from the seller’s solicitors.
We aim to complete standard residential sale transaction within 4-5 weeks of issuing contract with similar cooperation from the buyer’s solicitors.
Please note that any transaction which involves flats, shared ownership, new builds, staircasing etc takes longer to reach completion and we shall advise you accordingly.
Please note: You may be able to agree a fixed amount for the service you require, in this case it will be agreed with your solicitor BEFORE giving your explicit instructions to retain their services. You will also be informed of the estimated timescale for completion of your case or claim.
ADDITIONAL CHARGES MAY APPLY FOR WORK NOT COVERED WITHIN THE ABOVE LIST
TBC PRIOR TO BEING ACTIONED BY FILE HANDLER
Please note that Stamp duty may be payable on your purchase and this depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website( accessible at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro) or if the property is located in Wales by using the Welsh Revenue Authority’s website. 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 when we receive this information.
Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is estimated between £50-£200.00, but each freeholders charge varies.
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-£200.00, but each freeholders charge varies.
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 – £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.