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Our fees cover all of the work required to complete the purchase of your new home or sale of your old home, including (if applicable) 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 websiteor if the property is located in Wales by using the Welsh Revenue Authority's website here..
How long will my house purchase or sale take?
How long it will take from the offer being accepted until you can move in or out of your house will depend on a number of factors. The average process takes between 4-6 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 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase or sale of a residential property vary according to the circumstances. The likely stages include:
All work will be undertaken by:
Salima Manji: Head of Conveyancing Department and Solicitor. Salima qualified as a Solicitor on 01.12.98 and has over 20 years conveyancing experience.
Joseph Lewis: Assistant Solicitor who qualified on 01/03/16 and has over two years conveyancing experience.
Shibli Begum: Trainee Solicitor with 6 months experience.
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We do not charge a percentage of the Estate, all our work is based on the number of hours spent on the matter at the applicable hourly rate.
We anticipate this will take between 10 and 40 hours, with some of the work being carried out by a Grade A Chartered Legal Executive (Meg Wilton - see Our Tema page) at £250 per hour and some of the work being carried out by a Grade C Solicitor at £175 per hour (Danielle Syed - See Our Team page) depending on the complexity of the matter. Total costs estimated at £2,425.00 - £9,625 (+VAT).
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
We will handle the full process for you. This quote is for estates where:
The work includes sorting through documentation and writing to all relevant parties to obtain details of the assets and liabilities.
It is necessary to arrange the sale and encashment of the deceased’s assets and payment of liabilities
Estate accounts are prepared and the Estate distributed.
Disbursements will also apply in this matter included in this fee:
Additional disbursements may be applicable including:
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
How long will this take?
On average, estates that fall within this range are dealt with within 4 - 12 months.