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If you buy a freehold property you own it outright.
If you buy a leasehold property you only own the property for the length of time set out in the lease.
- Take your ‘instructions’ and provide initial advice on the process
- Check how you are funding the purchase, either with cash or with a mortgage
- Receive, review and advise on the contract papers and legal title
- Carrying out searches and review the results
- Review planning and building regulation paperwork
- Raise enquiries to the seller’s solicitor and agreeing the contract terms
- ‘Report’ on (summarise) the contract papers, legal title and searches
- Summarise your mortgage offer if you are taking a mortgage (we do not offer financial advice on the mortgage just explain the terms and legal effect)
- Advise you on joint ownership (if applicable)
- Send the final Contract and Transfer to you to sign
- Request and receive the deposit from you (usually 10%)
- Agree the Completion Date (the date from which you will become the owner of the property)
- Exchange contracts legally entering you into the purchase
- Pre-completion searches
- Prepare a completion statement
- Arrange the drawdown of your mortgage advance/ request the remaining balance from you for completion
- Completing the purchase
- Pay Stamp Duty
- Register you as the new owner at Land Registry
- Take your ‘instructions’ and provide initial advice on the process
- Check how you are funding the purchase, either with cash or with a mortgage
- Receive, review and advise on the contract papers and legal title
- Carrying out searches and review the results
- Review planning and building regulation paperwork
- Review management packs from the management company/ freeholder
- Raise enquiries to the seller’s solicitor and agreeing the contract terms
- ‘Report’ on (summarise) the contract papers, legal title and searches
- Summarise your mortgage offer if you are taking a mortgage (we do not offer financial advice on the mortgage just explain the terms and legal effect)
- Advise you on joint ownership (if applicable)
- Send the final Contract and Transfer to you to sign
- Request and receive the deposit from you (usually 10%)
- Agree the Completion Date (the date from which you will become the owner of the property)
- Exchange contracts legally entering you into the purchase
- Pre-completion searches
- Prepare a completion statement
- Arrange the drawdown of your mortgage advance/ request the remaining balance from you for completion
- Complete the purchase
- Notify the management company/ freeholder you are the new owner and if you have a mortgage
- Pay Stamp Duty
- Register you as the new owner at Land Registry
- Take your ‘instructions’ and provide initial advice on the process
- Contact your mortgage company for initial and final redemption figures
- Send you the standard Law Society forms for you to complete as seller
- Draft the contract and obtain Land Registry documents for your property
- Collate the Contract Pack and send it to your buyer’s solicitors
- Obtain from you or the Council planning portal copies of planning and building regulation documents for the property in respect of works you, or previous owners, may have carried out
- Reply to enquiries raised by your buyer’s solicitor with your assistance
- Send you the final contract and transfer to you for signature.
- Agreeing the completion date
- Exchange contracts. You legally enter into the sale of property at this point.
- Complete the sale, redeem any existing mortgage, pay the estate agents fees and pay the balance to you (or transfer it to your purchase)
- Take your ‘instructions’ and provide initial advice on the process
- Contact your mortgage company for initial and final redemption figures
- Send you the standard Law Society forms for you to complete as the seller
- Draft the contract and obtain Land Registry documents for your property
- Request management packs
- Collate the Contract Pack and send it to your buyer’s solicitors
- Obtain from you or the Council planning portal copies of planning and building regulation documents for the property in respect of works you, or previous owners, may have carried out
- Reply to enquiries raised by your buyer’s solicitor with your assistance
- Send you the final contract and transfer to you for signature
- Agreeing the completion date
- Exchange contracts. You legally enter into the sale of property at this point
- Calculate any balance of service charge or ground rent due by you/ the buyer on completion
- Prepare completion statement
- Complete the sale, redeem any existing mortgage, pay the estate agents fees and pay the balance to you (or transfer it to your purchase)
Currently the conveyancing process takes between 6 – 12 weeks. This is from the offer being accepted to ‘completion’ – the day everyone moves.
This is just a rough estimate as every ‘chain’ and property is different. If it is a short chain with cash purchasers (ie no mortgages) then it will be quicker process. If there is a long chain, or there are properties with particularly complex legal issues, the process could take a lot longer.
Ultimately the completion day will be agreed by everyone in the chain.
Transparency is at the heart of everything we do – and always has been. Nowhere is that more important than pricing. You don’t want any surprises, and actually, neither do we! You can get an exact bespoke quote by clicking here. This will set out not only our own charges but any and all ‘disbursements’ too. Meantime, here are some guidance on likely fees, supplements, and so on.
Our fee to sell/buy a freehold property for under a £1,000,000 start from £995 + VAT. If you are buying/selling a property over £1,000,000 then our fee is 0.1% of the purchase price + VAT. This is for our fee only (ie disbursements are additional to this).
Some things make your move more difficult and this will be reflected in our pricing as there is more work for us to do for you. So for example, if you are buying a leasehold property, help to buy or a new build there will be a further £150 + VAT for each of these.
We charge £500 + Vat for a transfer of equity; £500 + VAT for a re-mortgage; and £750 + VAT for a transfer of equity with re-mortgage.
What we can’t include in our quote are additional costs we can’t foresee until we review the legal papers. Examples include (but aren’t limited to) the need to purchase an indemnity policy, management packs, further Land Registry documents or further searches etc. If any additional work (and therefore charges) do become necessary you will always be advised about this as soon as is possible. And, any additional charges will be discussed and agreed with you. Rest assured there will be no last-minute surprises!
You may also need specific advice from other companies along with the way, such as a surveyor, damp specialist, drainage expert etc. We don’t include their fees in our quote. For a quote, you should contact them directly.
You can view the legal experience of each of the team members here:
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