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Costs information
Our fees cover all of the work required to complete the sale and/or purchase of your new property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax.
Our fees are transparent and we do not charge any hidden extras. The only time our fees may increase are if your instructions change or the transaction becomes more complex and additional work is required.
We are CQS accredited and are on the panel of most high street lenders meaning that we can act on their behalf.
Example of a Sale at £150,000
The fees are based on a registered freehold property in the Wakefield local authority area and being an established residential property.
Legal Costs £545.00
VAT £109.00
Official Copy Entries £6.00
Bank transfer fee of £36 (inc VAT) (includes £12+ VAT payable by us to the bank)
Total £696.00
Example of a Purchase at £150,000
The fees are based on a registered freehold property in the Wakefield local authority area and being an established residential property.
Legal Costs £545.00
VAT £109.00
Index Map Search £4.00
Local Search £60.40
Mining Report £46.32
Drainage & Water Search £52.00
Environmental Search £61.20
Bank transfer fee of £36 (inc VAT) (includes £12+ VAT payable by us to the bank)
Bankruptcy Search £2.00 (per name)
Land Registry Search £3.00 (assuming one title)
Land Registration Fee £95.00 (assuming the property is registered)
Total Approximately £1013.92
In addition, on your purchase, Stamp Duty Land Tax may be payable. You can calculate the amount you will need to pay by using the HMRC 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 to 8 weeks and can be quicker or slower, depending on the parties in the chain.
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 note:
• Taking your instructions and giving you initial advice.
• Checking finances are in place to fund purchase and contact the lender’s solicitors if needed.
• Receive and advise on contract documents.
• Carry out searches.
• Obtain copy 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 the 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 the lender and you.
• Complete purchase.
• Deal with payment of Stamp Duty Land Tax.
• Deal with application for registration at Land Registry.
In addition to sales and purchases we deal with the following:
• Remortgages
• Declarations of Trust
• Transfers of Equity
• Shared Ownership
• Equity Release
For a more detailed and accurate breakdown of costs which is personalised to you please telephone our offices.