Conveyancing

We have a dedicated team of qualified Residential Property Law Solicitors and Conveyancers dealing with your transactions. You will be able to access information regarding the experience and expertise of each of the Conveyancing Solicitor or Conveyancer and read their Biography in ‘Our People’ section of this website. Upon receiving your instructions, you will be assigned an individual Solicitor or Conveyancer who will deal with all aspects of your transaction all through completion.

 

Conveyancing Fee Calculator

You could obtain an accurate estimate of our Legal fees, disbursements and additional cost in relation to Buying, Selling or mortgaging of your property by using our no obligation free Conveyancing fee Calculator here.

Once you are ready to instruct us, you can give us a call at 02085749177 or send us an email at info@sriharanssolicitors.co.uk

 

What is included in your conveyancing cost estimate (and what is not)

Purchase

Our cost estimate includes our Legal fees ( Including VAT) which covers a personalised and advice from a qualified fee earner including all phone calls and attendances in person from the date of instructions and includes but not limited to corresponding with the Seller’s Conveyancers and the Lender’s Solicitors (if applicable), applying for searches, perusing the Search results and the title documents, raising enquiries with the Seller’s Conveyancers, perusing the Mortgage Offer and dealing with the Mortgage company if required, providing you a report with copies of the searches, title documents and replies received from the Sellers’s Conveyancer, advising you on the Contents therein, attending you to sign documents, applying for pre-completion searches, proceeding to exchange and completion, Dealing with the filing of Stamp Duty Land Tax and Registration and forwarding you the registered title documents.

In Leasehold properties, we will advise you on the contents of the Lease and management information and carry out any post completion requirements under the Lease on completion

Disbursements are third party cost associated with the transaction and includes Searches (which are subject to VAT) which varies depending on the address o the property , Stamp Duty Land Tax payable (Amount is calculated through the HMRC’s website), Land Registry fees for registration (https://landregistry.data.gov.uk/fees-calculator.html), Bankruptcy Search and other Official Searches, Bank transfer fee, Notice of Transfer and charge ( for Leasehold properties). This list is not exhaustive and additional third party cost may be incurred due to the particular nature of the transaction which will be intimated to you during the course of the transaction.

Sale

Our Fee quotation includes our Legal fees which covers a personalised and advice from a qualified fee earner including all phone calls and attendances in person from the date of instructions and includes but not limited to corresponding with the Buyer’s Conveyancers, the Selling agent and the existing Lender’s Solicitors (if applicable), preparing and forwarding the draft contract and sale pack to the Buyer’s Conveyancers, obtaining redemption statement from the existing Lender (if applicable), contacting you and obtaining replies to additional enquiries raised by the Buyer’s conveyancers. Attending you to sign contract, transfer and any other related documents, proceeding to exchange and completion, deal with redemption of the existing mortgage, forwarding you the balance of sale proceeds ( if any).

For Leasehold properties, we will obtain Management Pack from the Landlord or the Managing agents and deal with them on any enquiries raised by the Buyer’s Conveyancers, also if required settle any outstanding rent or service charge payment from the sale proceeds on completion.

Anticipated third party cost or disbursements in a sale transaction are Title documents from the Land Registry, including Lease (Leasehold transaction), obtaining Management Pack (for Leasehold property), Bank Transfer Fee, Estate Agent’s commission ( if applicable). So as to assure streamlining of the transaction, we deal with the disbsuments. This list is not exhaustive and additional third party cost may be incurred due to the particular nature of the transaction which will be intimated to you during the course of the transaction.

Additional costs not included in our cost estimate

  • If you have a separate Firm of Solicitor acting for the Lender in your Purchase transaction and we would need to deal with them in the transaction providing them with documents and replying to their enquiries. Therefore, there will be an additional cost of £200.00 plus VAT added to the Legal fees.
  • If you are receiving a gift as part of financing your purchase, we would need to prepare necessary documentation and peruse additional documents for the Donor. This will incur an additional fees of £100.00 plus VAT ( per Donor).
  • If there are more than one Mortgage company to deal with in redemption on a sale transaction, there will be an additional £100.00 plus VAT added to the Legal fees.
  • Help to Buy- There will be additional fees of £150.00 Plus VAT in relation to a mortgage (Equity Mortgage or other similar Schemes) and £50.00 plus VAT if you are using Help to Buy ISA.
  • If a Leasehold purchase or sale transaction transpires to include a Deed of Variation or Lease extension, there will be an estimated additional cost of £650.00 plus VAT which is subject to the individual matter.
  • If you require us to prepare a Declaration of Trust as part of owning the property as a Tenants in Common, you will incur a cost of £250.00 Plus VAT.
  • If you are buying is a new Built property or if the property you are purchasing has not been registered ( Unregistered Property), as we would need to peruse additional information , our Legal fees will increase by £200.00 plus VAT.

How long will it take?

While a typical Conveyancing transaction is dependent on several factors and is subject to change on a case by case basis, a straight forward freehold transaction takes between 8 to 12 weeks from the date of instruction to complete. Some transactions may be completed earlier than the average timescale given and in other transactions involving a Leasehold property or if the property has an onward chain or if there is a delay in obtaining searches or mortgage offer it may take significantly longer time to complete.

 

Key Stages of a Conveyancing Transaction

Purchase

Key stages in a Purchase transaction are as follows:

  • Receive instructions from you in relation to the new transaction.
  • We will send you our Client care letter and request ID documents and funding information from you.
  • Carry out ID checks on the documents received from you, check financial arrangements for the transaction and receive monies on account.
  • Contact the Seller’s Conveyancers and receive contract pack from them.
  • Apply for searches with your instructions.
  • Raise additional enquiries with the Seller’s Conveyancers.
  • We will provide you the search results together with documents and replies received from the Seller’s Conveyancers the additional enquiries and advise you of the contents therein.
  • Advise you on the terms and conditions of the Mortgage Offer.
  • Send final contract to you for signature and request deposit and enquires on your preferred moving dates.
  • Obtain pre-completion searches
  • Agree on a completion date with the Seller’s Conveyancer and obtain your authority to exchange contracts
  • Exchange contracts and notify you that this has happened ( You are contractually bound to buy the property from the date of exchange)
  • Request for funds from you and the Lender for the agreed completion date.
  • Complete the purchase when you will collect the keys.
  • We deal with Stamp Duty Land Tax with HMRC and Registration with the Land Registry

Sale

Key stages in a Sale transaction are as follows:

  • Receive instructions from you in relation to the new transaction
  • We will send you our Client care letter and request ID documents
  • Carry out ID checks on the documents received from you, and receive monies on account.
  • Send and Receive Property information forms completed by you
  • Contact the Buyer’s Conveyancers and send them the full contract pack.
  • We contact your current Lender and obtain redemption statement.
  • Receive additional enquiries from the Buyer’s Conveyancers and obtain replies from you.
  • Forward you the Contract and Transfer for signature and agree on a completion date.
  • Exchange contracts and notify you that this has happened ( You are contractually bound to buy the property from the date of exchange)
  • On Completion, upon receipt of the Completion monies from the Buyer’s Conveyancer, we will redeem any mortgage and will forward you the balance funds. Keys will be handed over to the Buyer.