LDJ Solicitors

Moving Home - Conveyancing

A sold home

Moving home is one of the most important and valuable transactions that you make during your lifetime. It is potentially the most stressful as well!

Whether you are buying or selling your home, our experienced team will relieve your worries by giving you clear and comprehensive advice to make your transaction go through as quickly and as smoothly as possible.

We can provide you with advice and support on a wide range of matters, including:

  • Your sale and/or purchase
  • Arranging a mortgage or remortgaging
  • Energy Performance Certificates
  • Advising on lease terms
  • Home planning permission
  • Advice on contracts
  • Finance for an extension
  • Transferring property
  • Matrimonial transfers of property
  • Living Together Agreements and
  • Declarations of Trust

Why Instruct Us?

When searching for a Conveyancing Specialist, the main priority for people is to instruct a legal expert who will get the job done quickly, efficiently and at a reasonable cost.

Our team of legal experts have experience in all aspects of moving home and their knowledge of the local area assists greatly in progressing your transaction. Due to our conveniently located offices, you are able to meet the person dealing with your transaction and therefore having the opportunity to meet with them to discuss the process. We also make use of the latest technology available to us and therefore we can conduct your transaction by telephone and email, making contact easy and more convenient for you.

What Happens Next?

We’ve made it really easy for you to contact us by offering a free, no obligation moving home quote.

If you are happy with the quote, instructing us to act on your behalf is easy. Just inform your estate agent and we will do the rest. We will contact you by letter or email you to explain the whole process and the next stages. We will keep in touch with you at every stage of the transaction and work closely with all parties involved.

How Much Will It Cost?

Before we begin work on your behalf, we will provide you with a cost estimate which will include all predicted costs, including searches and third-party fees.

We will always make it clear from the outset as to the likely cost involved in your transaction and we will keep you fully informed should anything change that may affect this.

Our basic fees for Sale or Purchase of a Residential Property are as follows:

Freehold Title

  • Up to £200,000         - £550.00
  • £201,000 - £250,000 - £575.00
  • £251,000 - £275,000 - £625.00
  • £276,000 - £300,000 - £675.00
  • £301,000 - £350,000 - £725.00
  • £351,000 - £450,000 - £775.00
  • £451,000 - £600,000 - £825.00
  • £601,000 and above Please ask us for a quotation

NB: VAT on the above fees is payable at the appropriate rate.

Leasehold Title

  • Add £150.00 plus VAT to the above fees.

Re-mortgages

  • £350.00 plus VAT.

What Is Included In Our Fees?

On a Sale: obtaining deeds/Land Registry copies, preparing contract pack, answering buyers enquiries, sending you documents to sign, obtaining a mortgage redemption figure, completing sale, preparing account and paying agents.

On a Purchase: Submitting searches, checking title, acting for mortgage lender, raising enquiries, completing Stamp Duty Land Tax Return in England (or Land Transaction Tax return if property is in Wales), dealing with registration at the Land Registry and preparing account.

Not all transactions are entirely straightforward and as a result we may have to carry out additional work which was not initially anticipated. In such circumstances we reserve the right to charge for the additional work. Examples of such are:-

  • Repaying further mortgage/charge/Restriction on title - £50.00 (each) 
  • Preparing a Declaration of Trust - £150.00
  • Applying for Help to Buy ISA Bonus - £50.00
  • Arranging bespoke indemnity policy - £50.00
  • Dealing with Armed Forces Help to Buy - £50.00
  • Dealing with Help to Buy second charge - £250.00
  • Visiting Property - £50.00  (minimum depending on distance and duration)

(Plus VAT on all of the above).

The above are not included in our basic fee and these will be charged on top of the basic fee. The above is not an exhaustive list of the type of additional work which we may have to undertake.

What Other Costs Will I Incur?

Disbursements

On most sales and purchases we will need to apply for certain information for which an expense is incurred. This we call a “disbursement”. Typically, they are:

On a Sale: Land Registry fees for copy title documents £6.00 - £12.00 (no VAT).

NB. If the property is leasehold we will have to obtain a sales information pack from the Landlord or Managing Agents for which they will charge a fee which has to be paid before they will provide it. Fees vary from one to another but can be anywhere up to about £500.00 (plus VAT).

On a Purchase: Search fees the cost of which will vary depending on the location of the Property and the searches required but you should budget for about £350.00.

Land Registry Registration Fees

0- £80,000 = £20.00

£80,000 – 100,000 = £40.00

£100,00 - £200,000 = £95.00

£200,000 - £500,000  = £135.00

£500,000 - £1,000,000 = £270.00

£1,000,000 and over  = £475.00

 

Please note however that on first registration of land or registration of a new Lease or Transfer of Part of the land in a title (e.g. a new house on a housing development) the above Land Registry fees will double.

 

Stamp Duty Land Tax (SDLT)

SDLT is often payable on a house purchase. The tax is complex and the amount payable depends on many factors (e.g. is this a second home, have you ever owned a house before?) You can calculate the amount you will need to pay by using https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is in Wales by using the Welsh Revenue Authority website https://beta.gov.wales/landtransactiontax-calculator

On a Leasehold purchase a fee will be payable to the Landlord or Managing Agent when we notify them of change of ownership. The fee is set by the Landlord or Managing Agents but can be anything up to £200 plus (excluding VAT) Sometimes a further fee is also payable to them for consent to transfer or a Deed of Covenant. Again, this could be £250 plus (excluding VAT).

We set out an example of our fees and disbursements on a straightforward freehold sale and purchase. Please click here Example Fees.

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 8 and 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 4 to 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 6 months. In such a situation, additional charges would apply.

What Are The 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 would usually apply:

  • 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
  • Prepare the form of transfer of the property to you and obtain your signature to it and to your lender’s mortgage deed (if any)
  • Carry out pre-completion checks and searches
  • 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

We have a team of Fee Earners who deal with Residential Conveyancing and their details can be found by clicking on the links below: