Moseleys Solicitors
home about us services costs our people contact info directions
Costs
 Probate
 Conveyancing
 
 
 
 
 
 
 
 
 
CONVEYANCING INFORMATION AND COSTS
Conveyancing Team

Our team has over 75 years of collective experience in delivering high quality work in all property and conveyancing matters.

We have five very experienced solicitors Martin Cox, Victoria Ellis, Audrey Hunter, Alan Cole and Paula Bladon who can assist you with your matter. They are all supervised by Martin Cox, who is our Senior Partner and Head of our Conveyancing Department.


Sale or purchase

Please contact any of our team for a no obligation quote for dealing with your sale or purchase.

Our fees cover all of the work required to complete the purchase or sale of your property, including dealing with registration at the Land Registry once the transaction has been completed 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 is in Wales.


Our fees and disbursements

Our fees and the disbursements (costs related to your matter that are payable to third parties) will depend upon the value of the property you are selling or buying.


Selling a Freehold Residential Property

Value of property £125,000 - £3,000,000
Our fee £ 650 - £2,500 plus VAT
HM Land Registry fee £9
Electronic money transfer fee £30 plus VAT (£6)
VAT payable £136 - £500


Buying a Freehold Residential Property

Value of property £125,000 - £3,000,000
Our fee £700 - £3,000 plus VAT
Search fees £350
HM Land Registry fee - depends on purchase price
Electronic money transfer fee £30 plus VAT (£6)
VAT payable £140 - £600


Stamp Duty or Land Tax (on the purchase of a property)

The amount of stamp duty or land tax payable depends on the purchase price of your property. You can calculate the amount that you will have to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is in Wales by using the Welsh Revenue Authority's website https://beta.gov.wales/land-transaction-tax-calculator


How long will my house purchase take?

The amount of time it will take from your offer being accepted until you can move in to your new property will depend on a number of factors some of which are out of our control. The average process takes between 10-12 weeks.

The process can be quicker or slower depending on the other 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 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease this can take significantly longer - possibly between 3 and 6 months. 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, listed below are some key stages that may be necessary in your transaction:-
  • Taking your instructions and giving you initial advice.
  • Checking that finances are in place to fund the purchase and contact lender's solicitors if necessary.
  • Receive and advise on contract documents.
  • Carry out searches.
  • Obtain further planning documents if required.
  • Make any necessary enquiries of the 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.
  • Help you to agree a completion date (the date from which you will own the property).
  • Exchange contracts and let you know when this has happened.
  • Arrange for all monies needed to be received from your lender and you.
  • Complete purchase.
  • Deal with payment of Stamp Duty/Land Tax.
  • Deal with application for registration at Land Registry.

Purchase of a Leasehold Property

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 is in Wales.


Fees and Disbursements

Value of property £125,000 - £650,000
Our fee £700 - £2,500
Fee for acting for mortgage lender - included in above price
Search fees £350
HM Land Registry fee - depends on purchase price
Electronic money transfer fee £30 plus VAT (£6)
VAT payable £140 - £500


Disbursements

Disbursements are costs related to your matter that are payable to third parties such as search fees. We handle the payment of the disbursements on your behalf. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out below. The list is not exhaustive and other disbursements may apply depending upon the terms of the lease. We will let you know of any additional disbursements upon receipt and review of the lease from the seller's solicitors.
  • HM Land Registry fee - depends on value of property
  • Search fees £350
  • VAT on search fees - nil
  • Electronic money transfer £30 plus VAT (£6)
  • VAT £

Anticipated Disbursements *
  • Notice of transfer fee - this fee if chargeable is set out in the lease. Often the fee is between £50 and £100
  • Notice of Charge fee (if the property is to be mortgaged) - this fee is set out in the lease. Often the fee is between £50 and £100
  • Deed of covenant fee - this fee is required by the management company for the property and can be difficult to estimate. Often it is between £200 and £400
  • Certificate of Compliance fee - to be confirmed upon receipt of lease, as can range between £200 and £400

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.


Selling a leasehold property

Value of property £125,000 - £3,000,000
Our fee £700 - £2,500
And disbursements - £9


Stamp Duty Land Tax

The amount of stamp duty payable depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority's website https://lttcalculator.wra.gov.wales/

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below are some of the key stages:-
  • We will take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if necessary
  • 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 the conditions of your mortgage offer
  • Send the final contract to you for signature
  • Draft transfer deed
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree completion date
  • Exchange contracts and let you know this has happened
  • Arrange for all monies needed to be received from your lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with registration at land Registry

How long will my house purchase take?

This will depend on a number of factors. The average process takes between 10 and 12 weeks. It can be quicker or slower depending on the parties in the chain. If you are buying a leasehold property that requires an extension of the lease this can take significantly longer, between 3 and 6 months. In such a situation additional charges may apply.

Our fee assumes that:

a. 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.

b. This is the assignment of an existing lease and is not a grant of a new lease

c. The transaction is concluded in a timely manner and no unforeseen complications arise

d. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

e. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required


Mortgages or re-mortgages

We can also help you with re-mortgages and mortgages.
Our fee £500 plus VAT (£100)
Searches £350
Land Registry fee - depends on value of property.