OUR SERVICES
Conveyancing
Buying and selling property involves a large number of legal issues with every case being different. We offer a service tailored specifically to you, dealing with any individual concerns, creating and collating all necessary documents and conferring with the solicitors of those you are buying from or selling to.
If you are selling a property after a long period of time, it is likely that laws have changed or been introduced since you bought the property. Our conveyancing team are always up-to-date with new issues and can help ensure that everything runs smoothly, making it quicker and easier for you. While you can trust our highly experienced team to take the load off of your hands, we understand how important it is to communicate with our clients every step of the way, discussing circumstances and options and being upfront about incurring costs.
We will also look into those things that might have slipped your mind, ensuring that every aspect is covered including land registries, mortgages, and any impending council plans for changes to the local area.
Request a call back from our conveyancing team.
Our Conveyancing Fees
Our fees for conveyancing services vary depending on the value of your property, and whether you are buying or selling a property. The table below shows an estimate of our fees.
| undefined | Our Fees When Purchasing | Our Fees When Selling |
|---|---|---|
| £0-£100,000 | £1195 + VAT @ 20% (£1434) | £1195 + VAT @ 20% (£1434) |
| £100,001 - £250,000 | £1195 + VAT @ 20% (£1434) | £1195 + VAT @ 20% (£1434) |
| £250,001 - £400,000 | £1295 + VAT @ 20% (£1554) | £1295 + VAT @ 20% (£1554) |
| £400,001 - £500,000 | £1395 + VAT @ 20% (£1674) | £1395 + VAT @ 20% (£1674) |
| £500,001 - £625,000 | £1495 + VAT @ 20% (£1794) | £1495 + VAT @ 20% (£1794) |
| £625,001 - £750,000 | £1595 + VAT @ 20% (£1914) | £1595 + VAT @ 20% (£1914) |
| £750,001 - £875,000 | £1695 + VAT @ 20% (£2034) | £1695 + VAT @ 20% (£2034) |
| £875,001 - £1,000,000 | £1795 + VAT @ 20% (£2154) | £1745 + VAT @ 20% (£2094) |
| £1,000,001 + | 0.18% of value + VAT @ 20% | 0.18% of value + VAT @ 20% |
The above prices are based on a straightforward transaction. Some cases however can be substantially more complex or have unexpected issues. In those instances, additional fees may be payable. Details will be provided if and when they arise and we will agree any additional fees with you first. These fees are based on the property being Freehold; leasehold properties will attract an additional fee.
Other costs not included in our fees:
Supplements (all of these charges are subject to VAT @ 20%):
Supplements will be charged for the following:-
- Leasehold Properties (Purchase £500 / Sale £300)
- Buy to Let / 2nd Homes (Purchase only - £100)
- Gifted Deposits (Purchase only - £150)
- Help to Buy Equity Loan (Purchase £400 / Sale £100)
- Help to Buy ISA (Purchase only - £50)
- New Build (Purchase only - £500)
- Shared Ownership (Purchase £200 / Sale £200)
- Unregistered Property (Purchase £150 / Sale £100)
- Thirdfort ID Verification Fees (£19.95 per person, if applicable)
- Lawyer Checker Fees (Purchase only - £15)
- Fee for acting as your Stamp Duty Land Tax Agent (Purchase only - £100)
- Bank Match (£5 per person, if applicable)
- Telegraphic Transfer Fee (£35 per transaction if applicable)
Disbursements:
Disbursements are costs related to your matter that are payable to third parties. In addition to the costs above the following disbursements may be payable:-
PURCHASES:
Search Pack Fee (£300 estimated)
Land Registry Searches (OS1 & Bankruptcy for joint - £19)
SALES:
Office Copies and Title Plan - £14
Additional Leasehold Office Copies - £7
Office Copy Docs - £7 per doc
Full a full personalised quotation please use our online quotation calculator. If you require further information, please don’t hesitate to get in touch with us on 01202 842929 or email conveyancingteam@mjplaw.co.uk
If the matter does not proceed to completion, work done and payments made up to that point remain chargeable.
There are normally other charges incurred for leasehold properties, where invariably there is a landlord (freeholder), and/or a management company involved in maintenance and they charge for this information.
When the purchase matter is completed, notice charges are claimed by the freeholders’ agents for the accepting and acknowledging your replacement title in the property as leasehold owners. However, we would keep you informed in advance as to when such charges are incurred on your behalf.
How long will my house purchase take?
The time it will take from your offer being accepted until you can move into your house depends on a number of factors. The average process takes between 12-16 weeks (3-4 months).
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a recently built property, you already have a mortgage in principle, and the Sellers do not also have a purchase, it could take 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.
After completion Land Registry will take up to 3 months to complete registration of a straightforward purchase and much longer, currently up to 2 years for matters such as newbuild properties and lease extensions.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. A typical purchase might include the following steps:
Taking your instructions and give you initial advice
Check finances are in place to fund purchase and establish the source of those funds by obtaining evidence from you
Contacting lender's solicitors if needed
Receive and advise on contract documents
Carry out searches
Obtain further planning documentation if required
Make any necessary enquiries of seller's solicitor
Report to you on all documents and information received
Report to you on the legal aspects of your mortgage conditions
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
Submit tax return for Stamp Duty Land Tax and deal with payment of any tax due
Deal with application for registration at Land Registry