Residential Conveyancing – Price Transparency Information

  1. Freehold Purchase
  2. Leasehold Purchase
  3. Freehold Sale
  4. Leasehold Sale
  5. Mortgages and Re-mortgages
  1. Purchase of Freehold Property

Our fees cover all of the legal work required to complete the purchase of the property, 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.

The information is based on a number of assumptions and particular the fee assumes that:

– this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

– the transaction is concluded in a timely manner and no unforeseen complication arise

– all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

– no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: –

Conveyancing Legal Fees and Disbursements:

Note: 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.

Property Value

Fees and Disbursements

£0 to £175,000

Fees

•Legal fee £500

•Electronic money transfer fee £30

•VAT payable £100

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £95 (unless unregistered land being purchased then £190)

£175,001 to £200,000

Fees

•Legal fee £550

•Electronic money transfer fee £30

•VAT payable £110

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £95 (unless unregistered land being purchased then £190)

£200,001 to £250,000

Fees

•Legal fee £600

•Electronic money transfer fee £30

•VAT payable £120

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£250,001 To £275,000

Fees

•Legal fee £650

•Electronic money transfer fee £30

•VAT payable £130

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£275,001 To £300,000

Fees

•Legal fee £700

•Electronic money transfer fee £30

•VAT payable £140

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£300,001 To £350,000

Fees

•Legal fee £750

•Electronic money transfer fee £30

•VAT payable £150

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£350,001 To £400,000

Fees

•Legal fee £800

•Electronic money transfer fee £30

•VAT payable £160

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£400,001 To £450,000

Fees

•Legal fee £850

•Electronic money transfer fee £30

•VAT payable £170

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£450,001 To £500,000

Fees

•Legal fee £900

•Electronic money transfer fee £30

•VAT payable £180

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

£500,001 To £750,000

Fees

•Legal fee £950

•Electronic money transfer fee £30

•VAT payable £190

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £270 (unless unregistered land being purchased then £540)

£750,001 To £1,000,000

Fees

•Legal fee £1,000

•Electronic money transfer fee £30

•VAT payable £200

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

Over £1,000,001

Fees

•Legal fee £1,200

•Electronic money transfer fee £30

•VAT payable £240

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £455 (unless unregistered land being purchased then £910)

Stamp Duty or Land Tax

You will also have to pay Stamp Duty or Land Tax. The amount depends on the purchase price of your property and whether you own any other properties. You can calculate the amount you will need to pay by using HMRC’s website 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 https://beta.gov.wales/land-transaction-tax-calculator

What happens if the transaction does not complete:

STAGE

% of our charge

Prior to draft documentation

20%

Upon commencement of drafting documentation or documents being received

70%

Upon finalising the draft documentation

90%

Plus disbursements incurred

Do we pay referral fees to people who introduce conveyancing clients to us?

Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. We do not make such payments. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.

The experience of the people who may carry out the work for you:

https://www.huntonandgarget.co.uk/about-us/

The typical timescales and key stages of the purchase transaction

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. On average the process takes between 8-12 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, 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 2-4 months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

•Take your instructions and give you initial advice

•Check finances are in place to fund purchase and contact 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

•Give you advice on all documents and information received

•Go through conditions of mortgage offer with you

•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

•Deal with payment of Stamp Duty/Land Tax

•Deal with application for registration at Land Registry

  1. Purchase of a Leasehold Property

Our fees cover all of the legal work required to complete the purchase of the property, 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.

The information is based on a number of assumptions and particular the fee assumes that:

– this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

-.this is the assignment of an existing lease and is not the grant of a new lease

– the transaction is concluded in a timely manner and no unforeseen complication arise

– all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

– no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: –

Conveyancing Legal Fees and Disbursements:

Note: 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.

Property Value

Fees and Disbursements

£0 to £175,000

Fees

•Legal fee £500

•Electronic money transfer fee £30

•VAT payable £100

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £95 (unless unregistered land being purchased then £190)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£175,001 to £200,000

Fees

•Legal fee £550

•Electronic money transfer fee £30

•VAT payable £110

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £95 (unless unregistered land being purchased then £190)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£200,001 to £250,000

Fees

•Legal fee £600

•Electronic money transfer fee £30

•VAT payable £120

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£250,001 To £275,000

Fees

•Legal fee £650

•Electronic money transfer fee £30

•VAT payable £130

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£275,001 To £300,000

Fees

•Legal fee £700

•Electronic money transfer fee £30

•VAT payable £140

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£300,001 To £350,000

Fees

•Legal fee £750

•Electronic money transfer fee £30

•VAT payable £150

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£350,001 To £400,000

Fees

•Legal fee £800

•Electronic money transfer fee £30

•VAT payable £160

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£400,001 To £450,000

Fees

•Legal fee £850

•Electronic money transfer fee £30

•VAT payable £170

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£450,001 To £500,000

Fees

•Legal fee £900

•Electronic money transfer fee £30

•VAT payable £180

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£500,001 To £750,000

Fees

•Legal fee £950

•Electronic money transfer fee £30

•VAT payable £190

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £270 (unless unregistered land being purchased then £540)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

£750,001 To £1,000,000

Fees

•Legal fee £1,000

•Electronic money transfer fee £30

•VAT payable £200

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £135 (unless unregistered land being purchased then £270)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

Over £1,000,001

Fees

•Legal fee £1,200

•Electronic money transfer fee £30

•VAT payable £240

Anticipated Disbursements

•Search fees £180.84

•HM Land Registry fee £455 (unless unregistered land being purchased then £910)

•Notice of Transfer fee – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Notice of Charge fee (if you are buying with a Mortgage) – We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Deed of Covenant fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

•Certificate of Compliance fee – This fee may not be chargeable and we will need to see the Lease to advise exactly if it. We cannot provide an exact figure as it will depend on the Landlord/Management Company’ however; the fee ranges between £50- £250.

Stamp Duty or Land Tax

You will also have to pay Stamp Duty or Land Tax. The amount depends on the purchase price of your property and whether you own any other properties. You can calculate the amount you will need to pay by using HMRC’s website 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 https://beta.gov.wales/land-transaction-tax-calculator

What happens if the transaction does not complete:

STAGE

% of our charge

Prior to draft documentation

20%

Upon commencement of drafting documentation or documents being received

70%

Upon finalising the draft documentation

90%

Plus disbursements incurred

Do we pay referral fees to people who introduce conveyancing clients to us?

Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. We do not make such payments. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.

The experience of the people who may carry out the work for you:

https://www.huntonandgarget.co.uk/about-us/

The typical timescales and key stages of the purchase transaction

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. On average the process takes between 8-12 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, 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 2-4 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

•Take your instructions and give you initial advice

•Check finances are in place to fund purchase and contact 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

•Give you advice on all documents and information received

•Go through conditions of mortgage offer with you

•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

•Deal with payment of Stamp Duty/Land Tax

•Deal with application for registration at Land Registry

  1. Sale of a Freehold Property

Our fees cover all of the legal work required to complete the sale of the property based in England & Wales.

The information is based on a number of assumptions and particular the fee assumes that:

– this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

-. the transaction is concluded in a timely manner and no unforeseen complication arise

– all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

– no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: –

Conveyancing Legal Fees and Disbursements:

Note: Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

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.

Property Value

Fees and Disbursements

£0 to £175,000

Fees

•Legal fee £500

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £100

Anticipated Disbursements

•Land Registry Official copies £6

£175,001 to £200,000

Fees

•Legal fee £550

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £110

Anticipated Disbursements

•Land Registry Official copies £6

£200,001 to £250,000

Fees

•Legal fee £600

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £120

Anticipated Disbursements

•Land Registry Official copies £6

£250,001 To £275,000

Fees

•Legal fee £650

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £130

Anticipated Disbursements

•Land Registry Official copies £6

£275,001 To £300,000

Fees

•Legal fee £700

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £140

Anticipated Disbursements

•Land Registry Official copies £6

£300,001 To £350,000

Fees

•Legal fee £750

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £150

Anticipated Disbursements

•Land Registry Official copies £6

£350,001 To £400,000

Fees

•Legal fee £800

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £160

Anticipated Disbursements

•Land Registry Official copies £6

£400,001 To £450,000

Fees

•Legal fee £850

•Electronic money transfer fee £30

•VAT payable £170

Anticipated Disbursements

•Land Registry Official copies £6

£450,001 To £500,000

Fees

•Legal fee £900

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £180

Anticipated Disbursements

•Land Registry Official copies £6

£500,001 To £750,000

Fees

•Legal fee £950

•Electronic money transfer fee £30

•VAT payable £190

Anticipated Disbursements

•Land Registry Official copies £6

£750,001 To £1,000,000

Fees

•Legal fee £1,000

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £200

Anticipated Disbursements

•Land Registry Official copies £6

Over £1,000,001

Fees

•Legal fee £1,200

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £240

Anticipated Disbursements

•Land Registry Official copies £6

What happens if the transaction does not complete:

STAGE

% of our charge

Prior to draft documentation

20%

Upon commencement of drafting documentation or documents being received

70%

Upon finalising the draft documentation

90%

Plus disbursements incurred

Do we pay referral fees to people who introduce conveyancing clients to us?

Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. We do not make such payments. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.

The experience of the people who may carry out the work for you:

https://www.huntonandgarget.co.uk/about-us/

The typical timescales and key stages of the purchase transaction

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. On average the process takes between 8-12 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, 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 2-4 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

• Take your instructions and give you initial advice

• Advise on contract documents

• Supplying information to you and those involved with the transaction;

• Checking the title of the property you are selling;

• Preparing documents, the sale contract and deeds relating to your sale;

• Dealing with questions and enquiries raised by your buyer’s Solicitors;

• Reporting and providing information to you relating to the property you are selling;

• Exchanging contracts, following any necessary negotiations on the terms;

• Approving the transfer deed to the buyers;

• Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale;

• Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.

  1. Sale of a Leasehold Property

Our fees cover all of the legal work required to complete the sale of the property based in England & Wales.

The information is based on a number of assumptions and particular the fee assumes that:

– this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title or lease which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

-. the transaction is concluded in a timely manner and no unforeseen complication arise

– all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

– no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise: –

Conveyancing Legal Fees and Disbursements:

Note: Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

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.

Property Value

Fees and Disbursements

£0 to £175,000

Fees

•Legal fee £500

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £100

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£175,001 to £200,000

Fees

•Legal fee £550

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £110

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£200,001 to £250,000

Fees

•Legal fee £600

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £120

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£250,001 To £275,000

Fees

•Legal fee £650

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £130

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£275,001 To £300,000

Fees

•Legal fee £700

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £140

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£300,001 To £350,000

Fees

•Legal fee £750

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £150

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£350,001 To £400,000

Fees

•Legal fee £800

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £160

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£400,001 To £450,000

Fees

•Legal fee £850

•Electronic money transfer fee £30

•VAT payable £170

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£450,001 To £500,000

Fees

•Legal fee £900

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £180

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£500,001 To £750,000

Fees

•Legal fee £950

•Electronic money transfer fee £30

•VAT payable £190

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

£750,001 To £1,000,000

Fees

•Legal fee £1,000

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £200

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

Over £1,000,001

Fees

•Legal fee £1,200

•Electronic money transfer fee £30 (if there is a mortgage to re-pay)

•VAT payable £240

Anticipated Disbursements

•Land Registry Official copies £6

• Management Company Sales Pack – We cannot give an exact figure as it will depend on the Company, however; the fee ranges between £100-500 typically

What happens if the transaction does not complete:

STAGE

% of our fee charged

Prior to draft documentation

20%

Upon commencement of drafting documentation or documents being received

70%

Upon finalising the draft documentation

90%

Plus all disbursements incurred

Do we pay referral fees to people who introduce conveyancing clients to us?

Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. We do not make such payments. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.

The experience of the people who may carry out the work for you:

https://www.huntonandgarget.co.uk/about-us/

The typical timescales and key stages of the purchase transaction

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. On average the process takes between 8-12 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, 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 2-4 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

• Take your instructions and give you initial advice

• Advise on contract documents

• Obtain the management pack

 Supplying information to you and those involved with the transaction;

• Checking the title of the property you are selling;

• Preparing documents, the sale contract and deeds relating to your sale;

• Dealing with questions and enquiries raised by your buyer’s Solicitors;

• Reporting and providing information to you relating to the property you are selling;

• Exchanging contracts, following any necessary negotiations on the terms;

• Approving the transfer deed to the buyers;

• Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale;

• Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.

  1. Mortgages and Re-mortgages

A mortgage or re-mortgage occurs either when a mortgage is placed on a property which has no mortgage, or you redeem the existing mortgage and transfer the mortgage to a new lender. The fees for our mortgage and re-mortgage price information apply only if you are using a mainstream or High Street Lender. If you have a mortgage offer with a non-mainstream lender, then our fees will be higher.

It is important to note that you cannot normally re-mortgage unless you have owned the property for a period of six months. If you wish the re-mortgage to go through within the six months period, you must check with your lender as to whether this is possible.

The information is based on a number of assumptions and particular the fee assumes that: –

– this is a standard transaction

– the transaction is concluded in a timely manner and no unforeseen complication arise

– all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

– no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

There may be circumstances when other costs may be incurred due to particular circumstances of your particular transaction but we will advise you if this becomes the case and will tell you about any additional costs when the arise.

Conveyancing Legal Fees and Disbursements:

Note: Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.

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.

Fees and Disbursements

Fees

•Legal fee £275

•Electronic money transfer fee per transfer £30 (if there is a mortgage to re-pay)

•VAT payable £55

Anticipated Disbursements

•Office copy entries per title £6

•Search Indemnity Insurance – This is only if your Lender will accept that no searches are undertaken and insurance will be obtained. We need to know the mortgage value to give an exact price but typically between £10-55. If your Lender will not accept search indemnity we will need to apply for searches on your behalf at a cost £180.84

•Land Registry search fee £3

•Land Registry registration fee – Varies depending on the value of your mortgage. The fee will be between £20-125

•Land Charges search fee £4

What happens if the transaction does not complete:

STAGE

% of our charge

Prior to draft documentation

20%

Upon commencement of drafting documentation or documents being received

70%

Upon finalising the draft documentation

90%

Plus disbursements incurred

Do we pay referral fees to people who introduce conveyancing clients to us?

Some other firms of solicitors will pay a sum of money as a reward to an introducer of conveyancing work to them, this is usually known as a referral fee. Such arrangements can exist for example between the solicitors and estate agents or financial advisers. We do not make such payments. Always insist that any introducer tells you about a referral fee or reward they receive before introducing you to a firm of solicitors, as their recommendation may be motivated by a financial interest and not based solely on whether they think the solicitor can do a good job for you.

The experience of the people who may carry out the work for you:

https://www.huntonandgarget.co.uk/about-us/

The typical timescales and key stages of the purchase transaction

How long it will take from the offer being made until the re-mortgage is completed and registered will depend on a number of factors. On average the process takes between 4-6 weeks.

It can be quicker or slower, depending on the parties involved.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

• Obtaining details from you as to the whereabouts of your Title Deeds (if applicable). If you have a mortgage on the property, it is likely that the title deeds will be with your lender. If this is the case, we will require the details of your lender as well as your account number.

• Investigating the title of the property and obtaining a redemption figure for your existing mortgage

• We may need to carry out a Local Authority Search. This will entirely depend upon whether your new lender requires a search to be undertaken

• Considering the mortgage company’s instructions to us and considering the terms and conditions of your mortgage to ensure that they are complied with

• Preparing the mortgage and other documents and obtaining your signatures to them where appropriate

• Reporting to the mortgage company and obtaining the mortgage advance

• Completing the re-mortgage. This is the date when the old mortgage will be repaid and the new mortgage will commence.

• Registering the transaction at the Land Registry;

• Forwarding the title documents to the mortgage company and accounting to you for any money held on your behalf.