Ross Williams specialises in residential conveyancing, transfers of equity and re-mortgages. We never forget that the purchase of a new home or the sale of an existing home can be an acutely stressful time. We understand the importance of communicating with everyone involved in the process or chain of transactions. We will always act quickly to avoid unnecessary delays and will always seek to provide our clients with a value for money service.
Buying and Selling Property
We offer a high quality property service that is responsive, competitively priced and minimises your worries and concerns. To limit the frustration and stress involved in buying and selling a home, our priority is to provide excellent timing and effective negotiation. If you are buying and selling simultaneously, we will co-ordinate the necessary timescales.
Inevitably, when you buy or sell a property, you will incur expenses over and above what your solicitor charges you for the work undertaken. It is important that you are aware of these expenses from the outset and budget properly for them. The information below provides a helpful guide to the likely costs.
- Estate agent’s fee – usually a percentage of the sale price. Please note that most estate agents charge VAT.
- Mortgage Lender’s sealing fee – typically £100, but variable according to the lender.
- Land Registry fee. This relates to official copies of the entries relating to your property on the register. The cost will be between £6 and £12 (or perhaps more), depending on the number of documents.
- If the property you are selling is a flat, the freeholder or management company may charge for supplying information required by your purchaser. This fee may range from a few pounds to approximately £200-£300. Also, remember that your purchaser will expect the ground rent and service charges to be paid up to the date of completion.
- Search fees. Local authorities and water companies will charge for answering enquiries about the supply of services, planning permissions and so on, regarding the property you want to buy. Local authorities charge approximately £150-£200 and water companies £60
- You are required to conduct a chancel repair search (currently £24.00), which establishes whether the property has a potential liability for repair and maintenance of the local parish church. Our special environmental and plan searches cost approximately £70 combined.
- Stamp Duty, which is charged as a percentage of the purchase price. You can use this calculator to check on the amount due: Stamp Duty Calculator
- If you are buying a flat, the freeholder or management company may charge a fee for registering you as the new owner in their records. The fee is usually around £50 + VAT per notice, but can be more.
The figures above are illustrations of typical fees. Remember to check the level of fees payable in your particular case to avoid any misunderstandings or unexpected costs.
Contact us to find out more or to arrange an appointment with one of our experienced property lawyers.