Walkers Solicitors
Walkers Solicitors
 

Residential Conveyancing Charges

Our fees cover all of the work usually required to complete the purchase of your new 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. They assume the property to be freehold and free from title defects, that you will not be having a mortgage, and are providing funding from your own sources

 

Legal Fees 

Property Price (£k)

Sale (VAT)

Purchase (VAT)

0 - 40

£425 (£85)

£450 (£90)

> 40 - 100

£450 (£90)

£575 (£115)

> 100 - 200

£525 (£105)

£630 (£126)

> 200 -300

£580 (£116)

£700 (£140)

> 300-400

£680 (£136)

£780 (£156)

> 400-500

£750 (£150)

£840 (£168)

> 500-750

£900 (£180)

£950 (£190)

> 750-950

£1200 (£240)

£1250 (£250)

> 950-

£1500 (£300)

£1500 (£300)

 

Remortgage - our fees start at £450 plus VAT for a remortgage.   The same additional charges will apply as for a purchase (see below).

 

If you are selling your property there would usually be a charge for official copies of the title to the property from the Land Registry of £7.80.  If other documents are required, and these are not available within any pack of deeds you hold they will be charged at £3.90 per document. 

 

If you are purchasing a property, the following are likely to be required.

  • Search fees £165.00 (includes a local authority search, mining report and water & drainage search).
  • HM Land Registry Fee

    Property Price (£K)

     

    0 - 80

    £20

    >80 -100

    £40

    >100 - 200

    £100

    >200 - 500

    £150

    >500 - 1m

    £295

    >1m+

    £500

 

We also make the following additional charges:

  • Electionic money transfer fee £36 each 
  • Electronic Identity verification £30 per name
  • AMR checks £60
  • Land Registry official search £3.90
  • Bankruptcy search £2.90 per purchaser

 

If your property is leasehold (excluding apartments) there will be an additional charge of £60.00 in most cases.

 

If there are defects or anomalies in the title, or if you have the benefit of mortgage funding, this might result in additional charges which will be notified to you should they become relevant

 

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.  These payments are subject to change if the suppliers change their pricing structure.

 

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website.

 

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 6-12 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, and the property is already constructed, it could take 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such situations additional charges would apply.

 

Stages Of The Process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase 
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • 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 you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Contact us to arrange an appointment

574 Bacup Road

Waterfoot

Rossendale

Lancashire

BB4 7HB

 

Tel:  01706 213 565

Fax: 01706 830 245

 

Crime 24 Hour Emergency

Tel: 07971 092 064

 

Email

info@walkers-solicitors.com

 

 

 

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Walkers are authorised and regulated by the Solicitors Regulation Authority (No. 466709)

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