Residential Conveyancing Residential Conveyancing Residential Conveyancing Residential Conveyancing Residential Conveyancing

Residential Conveyancing

Who will advise you?

Rowberrys is authorised under the Legal Services Act and is also accredited members of the Law Society’s Conveyancing Quality Scheme, which is an accreditation of excellence for residential property lawyers. All of the residential property team specialise in residential property and are highly skilled professionals with decades of experience.

When you appoint Rowberrys a single dedicated Lawyer will be assigned to you in respect of your property transaction with the support from their experienced assistant. You will be kept informed at every stage of the process.

Conveyancing

The legal fees we charge are calculated on the value of the property being sold or purchased, however, as all properties are not exactly the same, fees will also reflect the subtle differences.  For example, leasehold, new builds, listed buildings, help to buy equity mortgages and shared ownership  properties will require additional time to be expended due to the increase in documentation that needs to be reviewed and checked. We would therefore encourage you to contact Kathryn Rhodes, the Head of our Residential Property Team for a personal quotation.  Kathryn will review your property details, anticipated complexities and calculate your fee.

Range of costs/what the fees cover

Property Price *


Sale     


Purchase


Plot Purchase

From £

To £

Freehold £ + VAT

Leasehold  £ + VAT

Freehold £ + VAT

Leasehold  £ + VAT

    £ + VAT

£100,000

£500,000

£850-£1100

£950-£1200

£950-£1200

£1100-£1400

£1100-£1500

£500,001

£1M

£1100-£1500

£1250-£1600

£1250-£1800

£1600-£2000

£1800-£2000

£1M

£2M

From £1500

From £1800

From £1950

From £2100

From £2500

£2M+


From £1700

From £1900

From £2600

From £2800

From £3000


Variable Factors

Below is a list of property factors which may increase our quoted fees:

  • Mortgage lender’s requirements
  • Missing deeds/documents including planning consents/Building Regulation approvals
  • Uncooperative parties in the transaction
  • Defective titles
  • Unregistered titles
  • Disputes relating to matrimonial matters
  • Requirements leading to indemnity insurance

Disbursements

Disbursements are costs levied by third parties during the course of your transaction, which are payable in addition to the estimate provided.

Below is a list of the most common disbursements which is not exhaustive:

  • Property search fees approximately £300.
  • HM Land registry fee dependent upon the nature of the transaction Please see the following link: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
  • Land Charges search fee from £2.
  • Completion transfer fee £36.
  • Leasehold property notices, which is variable.
  • Deed of covenant fee, usually levied by the management company, which is variable.
  • Certificate of compliance fee, which is usually set out in the management pack, which is variable.
  • SDLT

NOTE * The property price indicates the risk we take in carrying out the transaction

Stamp Duty Land Tax (SDLT)

SDLT is dependent upon the purchase price of the property and is a tax charged by HMRC, which is subject to change.

It has been excluded from the estimate detailed above.

To calculate the amount you will need to pay, please refer to the link on HMRC’s online SDLT calculator. This will work out the tax payable on most property transactions.

Process Stages

In a straightforward transaction with no unusual problems arising the procedure (briefly) is as follows:‑

Your Sale

               

Your Purchase

                               

How Long will my Sale and/or Purchase take?

The process will usually take some 8 to 10 weeks from the offer stage to exchange of contracts. The time frames will vary dependent upon several factors for example  the number of parties in the chain, the stage the property has reached on a new build and the time taken for mortgage offers and searches to be issued.

Please contact our Residential Property Team to discuss your transaction,