We provide full residential and commercial conveyancing service for both Freehold and Leasehold transactions and offer very competitive pricing.
Julliz Solicitors provide high quality conveyancing service in both residential and commercial transactions, namely:
- Freehold sale or purchase
- Leasehold sale or purchase
- Remortgage/Refinance
- Equity Release
Julliz Solicitors fees cover all the work required to complete the purchase, sale, remortgage or equity release of your home, including dealing with registration at the Land Registry, redeeming existing mortgage (if applicable) and payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.
Conveyancing fees and disbursements
- Legal fee: £950.00
- Fee for acting for the mortgage lender: £99.99 (indicative – to be confirmed on the date of instruction)
- Electronic money transfer fee: £39.00
- AML check £14.00
- Lawyer checker £18.00
- VAT @ 20% 224.20
Estimated total: £1,345.19
Disbursements
Disbursements are costs related to conveyancing transaction that are payable to third parties, such as searches and Land Registry fees. We handle the payment of the disbursements on behalf clients to ensure a smoother process.
- Land registration fee (depends on whether transaction falls under scale 1 of scale 2) Please click this link https://www.gov.uk/government/collections/fees-hm-land-registry-guides
- Search fees: £366.37 (indicative – to be confirmed on the date of instructions)
- Official copy (title plan) fee: £3.00
- Official copy (register) fee: £3.00
- Priority search fee: £3.00
- Bankruptcy search fee: £2.00
- Index Map Search fee: £4.00
Stamp Duty or Land Tax (on purchase)
Stamp Duty fee: This varies according to property value and purchaser’s status such as additional property, first time buyer or single property, etc. 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 8-10 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 10 weeks. 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. They include:
- Obtain your instructions and provide 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 Stamp Duty/Land Tax application and payment
- Deal with application for registration at Land Registry
* Our fee assumes that:
- this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
- this is the assignment of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complication arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements/charges will apply if indemnity policies are required.
Do you have a question or want to make an appointment to discuss this area?
Give us a call now for a no obligations free quotation on 020 8370 4980 or use our contact form.