Residential Conveyancing

if you are thinking of buying a house, selling a property, moving or re-mortgaging then instruct us. Our expert team of conveyancers and solicitors can make the conveyancing process stress free.

Technically the word 'Conveyancing' refers to the legal process of transferring ownership (or 'title') when buying and selling property. However the word is commonly used to describe the whole legal and administrative process between acceptance of offer and moving home.

Conveyancing is one of the most complex and often opaque parts of the home buying and selling process. A good solicitor will ensure that you are well advised in non technical terms throughout the process.

Our experienced conveyancing specialists offer a friendly and efficient service which will allow you to get on with your life whilst we deal with sorting out the legal practicalities.

You will be kept fully informed throughout the conveyancing process, providing you with personal support during what can be a stressful time.

Commercial Property

Our Commercial Property specialists can help you with all aspects of the law and can provide clear, practical advice including:

We specialise in all areas of commercial conveyancing including:

  • Sale and purchase of commercial property
  • Business leases for landlords and tenants
  • Acquiring sites for residential development
  • Sale of Freehold Reversions
  • Commercial Leases and Renewals

Our Fees:

Purchase of a first freehold residential property (For property value up to £500k)

Subject Cost
Legal Fees (For property value up to £500k) £700 plus VAT
Search Fees (depends on the property) £250 to £375
HM Land Registry fee £135
Electronic money transfer fee 30.00
AML Check £10.00
Stamp Duty or Land Tax (first time buyer) £10,000
Subtotal £1095 approximately plus VAT (without the Stamp Duty)

 

Purchase of a leasehold residential property (For property value up to £500k)

Subject Cost
Legal Fees (for property value up to £500k) £800 plus VAT
Search Fees £250 to £375
HM Land Registry Fee £135
Electronic Money Transfer £30.00
AML Check £10.00
Stamp Duty Land Tax (depending on the purchase price) £10,000
Subtotal £1195 approximately (plus VAT) (without the Stamp Duty)

 

Sale of a freehold residential property (For property value up to £500k)

Subject Cost
Legal Fees (For property value up to £500k) £600 plus VAT
Electronic money transfer fee £30.00
AML Check £10.00
Estate Agent fees Varies
EPC £50 to £120
Subtotal £690 plus VAT

 

Sale of a leasehold residential property (For property value up to £500k)

Subject Cost
Legal Fees (For property value up to £500k) £700 plus VAT
Electronic money transfer fee £30.00
AML Check £10.00
Estate Agent fees Varies
EPC £50 to £120
Subtotal £790 plus VAT

 

New Lease

Subject Cost
Residential Lease £1000 plus VAT
Commercial Lease £1250 plus VAT

 

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here.

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 4 -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 12 weeks plus. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer. In such, a situation additional charges would apply.

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 you may wish to include:
• 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
• 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

G&D Solicitors Conveyancing team