Pricing and Stages

Our fee for dealing with a standard conveyancing freehold property purchase depends firstly on the purchase price for the property. Where VAT is charged, the rate is 20%.

For standard leasehold purchases, we charge an additional £300 plus VAT.

For new build properties, we charge an additional £175 plus VAT with a minimum of £1,495 plus VAT.

If you will be getting a mortgage, we would normally act for the lender for an additional £250 + VAT fee.

We charge at least £10 + VAT on each matter for obtaining and reviewing Land Registry OS1 and Bankruptcy checks. This may be higher if there are multiple purchasers or properties being purchased.

We charge £10 + VAT per person for conducting and reviewing AML checks for new clients.

We charge £250 + VAT for ordering and reviewing searches.

Additional fees may apply for matters that fall outside of a normal conveyancing transaction. Please see “Potential Additional Fees” section below. This is of particular significance in leasehold transactions as the lease can often reveal the need for dealing with additional documentation.

AND

If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending completion money to your seller’s solicitors on completion. Our cost for this is £45 plus VAT.

If your matter requires urgent attention, please let us know at the outset so we can adjust our fees accordingly.

In cases where matters become protracted or more complicated than initially anticipated, you will be notified and any additional work will be charged at an hourly rate of £350 + VAT.

Our fee for dealing with a standard conveyancing freehold property sale depends firstly on the sale price for the property. Where VAT is charged, the rate is 20%

For standard leasehold sales, we charge an additional £300 plus VAT.

If you will be redeeming a mortgage, we would charge an additional £200 + VAT

We charge approximately £10 + VAT for obtaining and perusing freehold Land Registry documentation on each matter and a further £15 + VAT for leasehold documentation, if applicable. This may be higher if there are many registered documents for the property

We charge £10 + VAT per person for conducting and reviewing AML checks for new clients.

Additional fees may apply for matters that fall outside of a normal conveyancing transaction. Please see “Potential Additional Fees” section below. This is of particular significance in leasehold transactions as the lease can often reveal the need for dealing with additional documentation.

AND

If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending the proceeds of sale to you on completion. Our cost for this is £45 plus VAT.

If your matter requires urgent attention, please let us know at the outset so we can adjust our fees accordingly.

In cases where matters become protracted or more complicated than initially anticipated, you will be notified and any additional work will be charged at an hourly rate of £350 + VAT.

Our fee for dealing with a standard re-mortgage on a freehold property is £600 plus VAT. For standard leasehold re-mortgages we charge £750 plus VAT. Where VAT is charged, the rate is 20%

We charge at least £10 + VAT on each matter for obtaining and reviewing Land Registry OS1 and Bankruptcy checks. This may be higher if there are multiple borrowers or properties being mortgaged.

We charge £10 + VAT per person for conducting and reviewing AML checks for new clients.

AND

We charge £250 + VAT for ordering and reviewing searches, if applicable.

If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending the proceeds of sale to you on completion. Our cost for this is £45 plus VAT.

If your matter requires urgent attention, please let us know at the outset so we can adjust our fees accordingly.

In cases where matters become protracted or more complicated than initially anticipated, you will be notified and any additional work will be charged at an hourly rate of £350 + VAT.

The average process for a freehold property takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date. Leasehold transactions can take longer due to the information packs that are required from the freeholder/landlord.

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 several months. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer. In such, a situation additional charges would apply.

The average process takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date.

It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a buyer involved in a chain, or a first-time buyer.

However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer. In such, a situation additional charges would apply. Leasehold matters often take longer due to the additional parties involved in the transaction, including landlords/managing agents/companies.

Leasehold transactions can take longer due to the information that is required from the freeholder/landlord.

Work will be conducted by Nazmin Choudhury, the principal of the firm who was admitted as a solicitor in 1992

In acting for you in respect of your purchase of a freehold residential property, we will:

• Take your initial instructions and give you initial advice
• Conduct anti-money laundering checks and where necessary make further enquiries in respect of source of funds
• Receive and advise on draft contract and related documents
• Carry out the requisite searches, applicable to the property you are purchasing
• Make any necessary enquiries of seller’s solicitor
• Provide you with an initial report on title and a search report on all documents and information received
• If you are buying with an aid of a mortgage, we shall review your offer of loan and advise you on the terms of the conditions or special conditions and provide you with a report, to include the mortgage deed
• Send final contract to you for signature
• Agree a completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Advise you of the monies needed for completion
• Submit the certificate of title to your lender in order to request the mortgage advance
• Complete purchase
• Deal with payment of Stamp Duty Land Tax
• Deal with application for registration at Land Registry
• Send you your registration documents once the registration formalities have been concluded
• Please note the fee is based on all documents and communications being sent to you electronically

In relation to leasehold properties we will also:

• Review your lease and report to you on the terms of the lease
• Advise you of any additional costs required pursuant to the lease in respect of landlord/ managing agents/ management company involved, as appropriate
• Advise on service charge and ground rent pursuant to the lease
• Make enquiries with the landlord or their agents via the seller’s solicitors in respect of the arrangements for management/maintenance of the building in which your property is located, including common parts

Work will be conducted by Nazmin Choudhury, the principal of the firm who was admitted as a solicitor in 1992

In acting for you in respect of your sale of a freehold residential property, we will:

• Take your initial instructions and give you initial advice
• Obtain title documents from the Land Registry and prepare the contact pack once you have completed the initial property information forms for the property you are selling
• Draft your contract for sale and issue to the buyer’s solicitors
• Take your instructions on any enquiries raised by your buyer’s solicitors
• Obtain an interim redemption statement if you have a mortgage on the property
• Send you the final contract and arrange for you to sign in readiness for exchange
• Agree completion date (date from when you will no longer own the property and will have had to vacate the premises)
• Exchange contracts and notify you that this has happened
• Approve transfer from the buyer’s solicitors and send to you for signature and witnessing
• Request your estate agent’s commission account for settlement on completion
• Request a final redemption statement from your lender
• Complete your transaction and send you the proceeds of sale once all fees and balances due have been paid, to include the redemption of your mortgage
• Send the executed transfer to the buyer’s solicitors
• Obtaining discharge documents and sending to the buyer’s solicitors following completion
• Please note the fee is based on all documents, communications being sent to you electronically

In relation to leasehold properties we will also:

• Obtain a copy of your Lease from the Land Registry/ you
• Contact the landlord/managing agent for replies to standard leasehold enquiries and raise any specific enquiries raised by your buyer’s solicitors to the landlord or their agents
• Advise you of any additional costs required pursuant to the lease in respect of landlord/managing agents/ management company involved, as appropriate
• Advise on service charge and ground rent pursuant to the lease

Work will be conducted by Nazmin Choudhury, the principal of the firm who was admitted as a solicitor in 1992

In acting for you in respect of a re-mortgage of freehold residential property, we will:

• Take your initial instructions and give you initial advice
• Receive and advise on offer of loan and any special conditions and provide you with a report.
• Carry out the requisite searches required by your lender
• Send mortgage deed to you for signature
• Agree a completion date
• Complete the certificate of title and request draw down
• Advise you of the monies needed or surplus for completion
• Complete the matter
• Deal with application for registration at Land Registry
• Send you your registration documents once the registration formalities have been concluded
• Please note the fee is based on all documents and communications being sent to you electronically

In relation to leasehold properties we will also:

• Review your lease and report on the terms of the lease in accordance with the Council of Mortgage Lender’s Handbook
• Advise you of any additional costs required pursuant to the Lease in respect of landlord/ managing agents/management company involved, as appropriate
• Request and review your buildings insurance policy
• Make enquiries with the Landlords or their agents via the seller’s solicitors in respect of any outstanding service charge or ground rent arrears

• This is a normal conveyancing 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.
• If a leasehold purchase, this is the assignment of an existing lease and not the grant of a new lease in leasehold matters.
• The transaction is concluded in a timely manner and no unforeseen complication arises
• 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 additional documents and, requirements of your specific purchase, based on the documentation required to transfer the title into your name, or to deal with specific parties involved in your transaction.

We have set out in the “Potential Additional Fees” section situations that may arise which would attract additional fees. We will of course notify you of any additional costs and disbursements before they are incurred.

Please note that if for any reason we are unable to proceed, or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out.

Preferential rates may apply to returning clients and those that are recommended to us by one of our business partners. Please contact us to find out more about any discounts that may be applicable.

• There may be additional documents and requirements of your specific sale, be it based on the documentation required to transfer the title into the buyer’s name, or to deal with specific parties involved in your transaction.
• We have set out in the “Potential Additional Fees” section situations that may arise which would require us to charge you additional fees. We will of course notify you of any additional costs and disbursements before they are incurred.
• Please note that if for any reason we are unable to proceed, or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out.

Preferential rates may apply to returning clients and those that are recommended to us by one of our business partners. Please contact us to find out more about any discounts that may be applicable.

• Land Registry Fee – this will depend on the purchase price of your property. You can calculate the fee on the Land Registry’s website
• Stamp Duty Land Tax – this will depend upon the purchase price of your property. You can calculate the amount you will need to pay on HMRC’s website

• Landlord’s Property Enquiries form. This usually ranges between £100 – £500 plus VAT

• Land Registry fee – this will depend on the value of the mortgage you are obtaining. You can calculate the fee you will on the Land Registry’s website

• Notice of assignment/notice of charge (if the property is to be mortgaged). These normally cost from £30 to £100 each and additional VAT may be payable.
• Deed of Covenant. If required by the lease, this normally costs from £30 to £150 and additional VAT may be payable.
• Certificate of Compliance. If required by the lease, this normally costs from £100 to £250 and additional VAT may be payable.
• Stock transfer form. If proprietor for the freehold is a limited company and a share in the company is being transferred.

Other disbursements may apply depending on the terms of your lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

You may wish to instruct a surveyor and this will be a separate charge to whomsoever you choose to instruct.

• Landlord’s consent. The landlord/management company/agent may charge a fee for preparing this document and provide additional requirements. We will advise you of this cost, if appropriate, however the cost could range between £25 to £200 plus VAT

Other disbursements may apply depending on the terms of your lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

• Landlord’s Property Enquiries form. This usually ranges between £100 – £500 plus VAT
• Notice of charge. This normally cost from £30 to £100 each and additional VAT may be payable.

If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations:

Fees are listed without VAT (20%) which will be payable.

This list is not exhaustive, and there may be additional fees. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry fees, or landlord fees (if appropriate). We will inform you accordingly.

If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations:

Fees are listed without VAT (20%) which will be payable.

This list is not exhaustive, and there may be additional fees. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry fees, or landlord fees (if appropriate). We will inform you accordingly.

If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations:

Fees are listed without VAT (20%) which will be payable.

This list is not exhaustive, and there may be additional fees. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry fees, or landlord fees (if appropriate). We will inform you accordingly.