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CONVEYANCING SERVICES
Philip Avery & Co. will be delighted to act for you in conveyancing transactions in respect of residential property whether freehold or leasehold, sales or purchases, or mortgages and re-mortgages. We aim to be entirely fair and transparent in respect of the fees we charge and the extent of the work we will carry out for such fees.
Our Fees
The basis for our charges for conveyancing services is a fixed fee dependent upon the value of the property and is subject to VAT at the standard rate (currently 20%). Disbursements will also be incurred - these being costs relating to third party services which we pay on your behalf
SALES
Our fixed fees excluding disbursements range as follows:-
Property Value Legal Fee Legal Fee (incl.VAT)
£0 to £100,000 £600.00 £720.00
Up to £125,000 £625.00 £750.00
Up to £150,000 £675.00 £810.00
Up to £175,000 £725.00 £870.00
Up to £225,000 £775.00 £930.00
Up to £300,000 £795.00 £954.00
Up to £400,000 £845.00 £1,014.00
£400,000 & above Price on application - please contact us to discuss a quote
The above fixed fees do not include disbursements which are set out below nor our fixed fee of £30 + VAT for any necessary or requested mortgage or bank transfer of other funds.
PURCHASES
In respect of a purchase, our fixed fees excluding disbursements range as follows:-
Property Band Legal Fee Legal Fee (incl. VAT)
£0 - £100,000 £650.00 £780.00
£101,000 - £150,000 £700.00 £840.00
£150,001 - £200,000 £770.00 £924.00
£200,001 - £250,000 £800.00 £960.00
£250,001 - £300,000 £850.00 £1,020.00
£300,001 - £350,000 £910.00 £1,092.00
£350,001 - £400,000 £970.00 £1,164.00
£400,001 - £500,000 £1,025.00 £1,230.00
£500,001 & above POA - Please contact us to discuss a quotation
MORTGAGES AND REMORTGAGES
In respect of a mortgage or re-mortgage, our fixed fees range as follows:-
Borrowed sum Legal Fee Legal Fee (incl. VAT)
£0 - £100,000 £400.00 £480.00
£100,001 - £200,000 £500.00 £600.00
£200,001 - £300.000 £550.00 £660.00
£300,001- £499,000 £650.00 £780.00
£500,000+ POA- please request a specific quote
FACTORS THAT MAY INCREASE YOUR COSTS
Sometimes additional work is required that cannot be known at the outset and where the matter is unexpectedly complex such as:
• If documents where we have previously requested from you have not been provided
• Arranging an Energy Performance Certificate
• If there are 2 sellers who have separated and are using different Solicitors
• If the legal title is unregistered
• If a Lease extension is required
• If alterations have been made that require without necessary consents
• If planning and building regulations have not been applied for
• If there is more than one mortgage
If this is the case, we will let you know as soon as we become aware of it and advise you of the applicable fixed additional cost.
Disbursements Cost range inclusive of VAT
Local authority £120 to £150
Water and Drainage £9.60 to £48.00 depending on property location
Coal Mining & Environmental £93.96
Commons Registration £20.00
Land Registry Searches £3.00 per title
Official Search £3.00 per title
Bankruptcy search £2.00 per name searched
Land Registry title & plan £6.00
Land Registry documents £3.00 to £12.00
Land Registry Searches £3 per title
Official Search £3 per title
Bankruptcy search £2 per name searched
Electronic Land Registration fee £20.00 to £270.00
Electronic bank transfers £36.00 each
ADDITIONAL FEES
There may unavoidable be additional fees (subject to VAT) as a result of specific issues in the particular transaction, such as:
• Help to Buy ISA £50.00
• Help to Buy Loan £75.00
• Consideration of Mortgage and acting for your lender from £100.00
• Buy to Let purchase from £50.00
• Sale by Attorney from £140.00
• Purchase by Attorney £100.00
• New Build properties from £100.00
• Consideration of a Survey/Valuation Report from £75.00
• Arranging an Indemnity Policy from £50.00
• Considering an Indemnity Policy from another party from £30.00
• Drafting a Statutory Declaration from £80.00
• Considering a Statutory Declaration from another party from £30.00
• Arranging an Energy performance Certificate (excluding assessor’s fee) from £40.00
• Unregistered Properties from £100.00
• Arranging Notice to Landlord from £40.00
• Consideration of a Tenancy Agreement from £100.00
• Parental or third-party gift of funds from £100.00
• Consideration of Solar Panel Lease from £100.00
• Leasehold from £200-Flat from £300.00
• Dealing with unrepresented joint owners from £100.00
• Registration of company mortgage with Companies House (excludes Companies House fee) from £50.00
• Completion of LTT £75.00 or SDLT return £50.00
• Expediting your matter from £100.00
LAND TAX (WALES)/ STAMP DUTY LAND TAX (ENGLAND)
The purchaser is liable for payment of the tax. A return must be filed, and the tax paid within 30 days of completion of the transaction. There are penalties for failing to comply.
The rates and rules in relation to LTT can be found where the property being purchased is in Wales by using the Welsh Revenue Authority’s website (http://beta.gov.wales/land-transaction-tax-calculator) or for SDLT where the property is located in England by using HMRC’s website (http://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro)
SERVICES
Exactly how long conveyancing will take depends on the type of property, the nature of the transaction and various other factors. However, in most cases the Conveyancing process can be completed within around 6-8 weeks. We can give you a realistic estimate of how long the process will take at the start and will keep you updated throughout of any issues that could affect the timeframe for your conveyancing.
The services which are included in a
purchase
transaction in the price referred to above are taking instructions from the client in relation to the transaction; obtaining a payment on account from the client in respect of the cost of searches; submitting all appropriate searches and enquiries; checking that the seller has good title to the property which is to be purchased; checking the terms of any mortgage arrangements if applicable once the formal details relating to the mortgage are to hand. When all of the necessary documentation comes to hand attending upon the purchaser personally to work through all of the paperwork involved in the transaction. Providing a report on title. Agreeing a completion date with the seller’s solicitors and then proceeding to exchange contracts. Making pre-completion legal arrangements and checks. Obtaining mortgage money from the lender and any balance required from the client. On the day of completion receiving the purchase monies, paying for the new property and arranging for the keys to be released. Once the purchase of the property has been completed registering ownership at the Land Registry after making any necessary LTT or SDLT return.
The services included in the price referred to above in relation to a
sale
transaction would include taking instructions in relation to the sale, obtaining title information and checking title to the property and drafting the contract for sale, supplying information to the buyers solicitors, liaising with any estate agents, when the transaction is approaching the point at which contracts can be exchanged attending upon our client personally to discuss all of the paperwork involved in the transaction, agreeing a moving date with the buyers solicitors and then proceeding to exchange of contracts this being the point at which the selling client is committed to the transaction. From that point on dealing with and answering any outstanding questions in relation to title, obtaining settlement figures from any lender, providing the client with and agreeing with the clients a completion statement showing the financial details attendant upon the transaction, receiving the sale proceeds, paying off any existing loans and ensuring that the required evidence of repayment is obtained, paying the estate agents fees if the sale is via an agent, and then accounting to our client with the net proceeds of sale.
The services which are included in a standalone
mortgage or re-mortgage
transaction are taking instructions from the client in relation to the transaction, submitting all appropriate searches if so required and obtaining title details, checking that the client has good title to the property which is to be mortgaged, checking the terms of the mortgage arrangements, liaising as may be required with the lenders own appointed solicitors. When all of the necessary documentation is to hand including the results of all searches a personal attendance upon our client, agreeing a completion date, making pre-completion legal arrangements and checks, obtaining the mortgage money from the lender and any balance required from the client and on the day of completion receiving the re-mortgage monies, discharging any existing mortgage and accounting to our client for the balance thereafter. Once the mortgage transaction has been completed registering the mortgage at the Land Registry, discharging any existing mortgage and then reporting to the lender.
Services not included:
In providing Conveyancing transaction, we do NOT have responsibility for the following things:
• Building/structural issues with the house – that would be for a surveyor.
• Working order of appliances and boiler – that would be for the surveyor and/or a gas engineer.
• Working order of plumbing – that would be for the surveyor to advise on and to recommend
further specialist reports
• Advising on feasibility of future building projects such as a loft conversion or conservatory – we
can advise on any legal restrictions that may apply, but building practicalities would be down to a
surveyor or builder.
THE CONVEYANCING TEAM
All conveyancing work as described above is conducted by S. Katrina Cartwright-Harwood solicitor who has 39 years of experience in conveyancing property work having qualified as a solicitor in 1984. Katrina is assisted by her personal secretary Michelle Hollow who undertakes administrative tasks in the process and has some 20 years’ experience of doing so.