Source: https://www.hammonssolicitors.co.uk/conveyancing.asp
Timestamp: 2018-12-10 01:53:01
Document Index: 430487902

Matched Legal Cases: ['art 3', 'arts 1', 'art 2', 'art 3', 'arts 1', 'art 2', 'arts 1', 'art 2', 'arts 1', 'art 2']

We shall explain to you in outline the steps which will be involved, from the initial stages of obtaining the title deeds and preparing a draft contract on your sale, to completing the transaction on the date when you move into your new home. Thereafter, of course, we shall deal with all the necessary stamping of the purchase deed, registration of your title, giving notice of the transfer in the case of leasehold properties, dealing with the issue of a new share certificate where a management company is involved and generally ensuring that all the necessary procedures have been complied with on your behalf.
WE WILL BE HAPPY TO HELP YOU. RING FOR A FREE QUOTE
RING 02476 448585 OR EMAIL ENQUIRIES@HAMMONSSOLICITORS.CO.UK
Our costs 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) of the property you wish to buy is in Wales.
Our costs are based on the total of three parts:-
These are fees that you pay us for acting in your purchase. They are calculated on the value of the property. Please refer to the following table for what we would charge on your particular matter.
Up to £79,999.00
£300,000.01 - £499,999.99
£500,000.00 - £599,999.99
£600,000.00 - £749,999.99
£750,000.00 - £1 Million
Our Solicitors that currently act on residential property matters are:-For purchases over £1 Million and up to £3 Million, our legal fees would be based on a number of factors.
This, again, includes the value of the property being purchased, the complexity of the legal title and your finance arrangements. We would use the hourly rate of our Solicitor who would be dealing with the matter as a guide in providing you wi th an estimate.
1. Mrs Natalie Gregory Qualified 2010 Hourly Rate £165.00 + VAT
3. Mr Nick Williams Qualified 2001 Hourly Rate £195.00 + VAT
Please refer to our 'Meet the Team' section for their profiles.
Our fees would be in the range of £1,750.00 plus VAT of £350.00 to £5,000.00 plus VAT of £1,000.00 (Total £2,100.00 to £6,000.00) depending on the factors that we have set out, however, if your proposed purchase is over £1 Million and up to £3 Million, please kindly contact us by telephone or email and we would be glad to advise you further and provide you with an estimate.
1. If you are purchasing the property with the assistance of the 'Help to Buy Scheme', the figure of £80.00 plus VAT of £16.00 (Total £96.00) should be added to the figure quoted in our table of fees.
2. If you are purchasing a new build property, the figure of £50.00 plus VAT of £10.00 (Total £60.00) should be added to the figure quoted in our table of fees.
3. 'Right to Buy' purchases - Our fees for where you are purchasing from the Council in relation to your eligibility as a tenant, we charge a fixed fee of £450.00 plus VAT of £50.00 (Total £500.00)
This is the second part of our costs chargeable. The following disbursements would be applicable to your purchase:-
a. Search Pack comprising of Local, Mining, Environmental and Drainage Searches £200.00 + VAT of £40.00 - Total £240.00
b. Land Registry Official Search - £3.00 per Title (for Registered Land).
c. Bankruptcy Search £2.00 per name (applicable if you are having a mortgage)
d. Anti-Money Laundering Search Fee £4.17 + VAT of £0.83 - Total £5.00 per name
e. Administration Charge for Bank Telegraphic Transfer fee £25.00 + VAT of £5.00 - Total £30.00 per payment. This is required to send the purchase monies to the Sellers Solicitors to complete your purchase.
f. A fee is payable to the Land Registry to register the property in your name following completion. The Land Registry fee is based on the value of your property. Please refer to the following table for what would be charged on your particular matter:-
£0.00 - £80,000.00 £20.00
£200,001.00 - £500,000.00 £135.00
£500,001.00 - £1,000,000.00 £270.00
If your purchase is a Transfer of part of a Registered Title, for example if you are buying a new property from a builder, or the property has not been registered previously and an Application for First Registration of your Title needs to be submitted by post to the Land Registry, the following fees would be payable:-
We can give you an accurate figure of this once we have sight of the specific documents.
g. If the Title is unregistered, we would be required to do a search of the index map at the Land Registry. The cost for this is £4.00. Furthermore, instead of Land Registry Official Search, we would do a Land Charges Search against relevant estate owners at a cost of £2.00 per name.
Part 3 - Stamp Duty or Land Tax (on Purchase)
This depends on the purchase price of your property. You can calculate the amount you 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.
This is the third part of our costs chargeable.
To obtain this, please refer to the figures and information given in Parts 1 'Our Legal Fees', Part 2 'Disbursements' and Part 3 'Stamp Duty or Land Tax (on Purchase)'.
Once you have obtained the figures from each section, you should add these together for an estimate.
If you require any assistance, guidance or clarification then please do not hesitate to telephone us on 024 7644 8585 or email enquiries@hammonssolicitors.co.uk
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 twelve weeks if, of course, the property is build. However, if you are buying a Leasehold property that requires an extension of the Lease, this can take significantly longer, between three and six months. In such a situation additional charges would apply, and these timescales are only estimates and each transaction must be considered on its own facts.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the key stages in your purchase would include the following:-
- Take your initial instructions.
- Check finances are in place to fund purchase and contact lenders Solicitors, if applicable
- Receive and advise on contract documents
- Obtain further planning documentation if required
- Make any necessary enquiries of seller's Solicitors
- Give you advice on all documents and information received
- Go through conditions of mortgage offer with you
- Meet with you or send you the Contract, Transfer Deed and Mortgage Deed (if applicable) 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 of your Title at Land Registry
Our costs assume 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) The transaction is concluded in a timely manner and no unforeseen complications arise.
c) All parties to the transaction are cooperative and there is no unreasonable delay from third parties providing documentation;.
Our costs cover work required to complete the sale of your home.
These are fees that you pay us for acting in your sale. They are calculated on the value of the property. Please refer to the following table for what we would charge on your particular matter.
For sales of over £1 Million and up to £3 Million, our legal fees would be based on a number of factors.
This again includes the value of your property, the complexity of the Legal Title and any Planning matters. we would use the hourly rate of our Solicitor who would be dealing with the matter as a guide in providing you with an estimate.
Our Solicitors that currently act on Residential Property matters are:-
1. Mrs Natalie Gregory - Qualified 2010 Hourly rate £165.00 + VAT
2. Mr Michael Hammon - Qualified 1964 Hourly rate £195.00 + VAT
3. Mr Nick Williams - Qualified 2001 Hourly rate £195.00 + VAT
Our fees would be in the range of £1,500 plus VAT of £300.00 to £4,500.00 plus VAT of £900.00 (Total £1,800.00 to £5,400.00) depending on the factors that we have set out, however if your proposed sale is over £1 Million and up to £3 Million, please kindly contact us by telephone or email and we would be glad to advise you further and provide you with an estimate.
We charge a fixed fee of £250.00 plus VAT of £50.00 (Total £300.00) for preparing an Auction Pack and £250.00 plus VAT of £50.00 (Total £300.00) for attending an Auction based in the Coventry area as your Solicitor.
Our fees for acting with any subsequent sale would be in accordance with the value of the property as set out in our Table of Fees.
This is the second part of our costs chargeable. The following disbursements would be applicable to your sale.
a. Land Registry Title Information and Filed Plan - £6.00 per Title (for Registered Land).
b. Other Land Registry documents are £3.00 each (if required).
c. Anti-Money Laundering Search Fee £4.17 + VAT of £0.83 - Total £5.00 per name
d. Administration Charge for Bank Telegraphic Transfer Fee £25.00 + VAT of £5.00 - Total £30.00 payment. This is required to send money to redeem any mortgages secured on your property on completion.
To obtain this please refer to the figures and information give in Parts 1 'Our Legal Fees' and Part 2 'Disbursements'.
Once you have obtained the figures from each session, you should add these together for an estimate.
If you require any assistance, guidance or clarification, then please do not hesitate to telephone us on 024 7644 8585 or email enquiries@hammonssolicitors.co.uk.
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 and 10 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if the chain involves a first time buyer purchasing a new build property with a mortgage in principle, it could take twelve weeks if, of course, the property is built. If the chain involves a Leasehold Property that requires an extension of the Lease, this can take significantly longer, between three and six months. In such a situation, additional charges would apply, and these timescales are only estimates and each transaction must be considered on its own facts.
The precise stages involved in the sale of a Residential Property vary according to the circumstances. However, the key stages in your purchase include the following:-
- Take your initial instructions
- Arrange for you to complete the required Sale Information Form, including a Fixture and Fittings List.
- Consider the Title Documents and draft the Contract.
- Send out the Contract Pack to the Buyers Solicitors.
- Check your Lender's Redemption Figure (if applicable)
- Take your instructions and reply to enquiries made by the Buyer's Solicitors
- Consider and approve the Transfer Deed
- Meet with you or send you the Contract, Transfer Deed (if applicable) for signature
- Agree Completion Date (Date from which you have sold the property)
- Exchange Contracts and notify that this has happened.
- Obtain a final Redemption Figure from your Lender (if applicable).
- Complete sale and redeem any mortgage and account to you with balance of funds
(a) This is a standard transaction and no unforseen 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) The transaction is concluded in a timely manner and no unforseen complications arise.
(c) All parties to the transaction are co-operative and there is no unreasonable delay from third parties involving documentation.
(d) No Indemnity Policies are required. Additional Disbursements may apply if Indemnity Policies are required.
Our costs cover all 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.
£300,000.01 - £500,000.00
£500,000.01 - £599,999.99
For purchases over £1 Million and up to £3 Million, our legal fees would be based on a number of factors.
This again includes the value of the property being purchased, the complexity of the legal title and your finance arrangements. We would use the hourly rate of our Solicitor who will be dealing with the matter as a guide in providing you with an estimate.
Our fees would be in the range of £1,800.00 plus VAT (£360.00) to £5,050.00 plus VAT £1,010.00 (Total £2,160.00 to £6,060.00) depending on the factors that we have set out, however if your proposed purchase is over £1 Million and up to £3 Million, please kindly contact us by telephone or email and we would be glad to advise you further and provide you with an estimate.
(1) If you are purchasing a property with the assistance of the 'Help to Buy Scheme', the figure of £80.00 plus VAT of £16.00 (Total £96.00) should be added to the figure quoted in our Table of Fees.
(2) If you are purchasing a new build property, the figure of £50.00 plus VAT of £10.00 (Total £60.00) should be added to the figure quoted in our Table of Fees.
(3) 'Right to Buy' Purchases - Our fees for where you are purchasing from the Council in relation to your eligibility as a tenant, we charge a fixed fee of £450.00 plus VAT of £50.00 (Total £500.00)
a. Search pack comprising Local, Mining, Environmental and Drainage Searches £200.00 + VAT of £40.00 - Total £240.00
c. Bankruptcy Search £2.00 per name (applicable if you are having a mortgage).
If your purchase is a Transfer of part of a Registered Title, for example, if you are buying a new property from a Builder, or the property has not been Registered previously and on application for First Registration or your Title needs to be submitted by post to the Land Registry, the following fees would be payable:-
g. Other Anticipate Disbursements
Notice of Transfer Fee - This fee, if chargeable, is set out in the Lease. Often the fee is between £50.00 plus VAT of £10.00 (Total £60.00) to £200.00 plus VAT of £100.00 (Total £300.00);
Notice of Charge Fee (if the property is to be mortgaged) - This fee is set out in the Lease. Often the fee is between £50.00 plus VAT of £10.00 (Total £60.00) to £200.00 plus VAT of £40.00 (Total £240.00)
Deed of Covenant Fee - This fee is provided by the Management Company for the property and can be difficult to estimate. Often it is between £100.00 plus VAT of £20.00 (Total £"120.00) to £250.00 plus VAT of £50.00 (Total £300)
Certificate of Compliance fee - To be confirmed upon receipt of the Lease, as can range between £100.00 plus VAT of £20.00 (Total £120.00) to 250.00 plus VAT of £50.00 (Total £300.00)
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 anticipated Service Charge as soon as we receive this information.
h. If the Title is unregistered, we would be required to do a search of the Index Map at the Land Registry. The cost for this is £4.00. Furthermore, instead of Land Registry Official Search, we would do a Land Charges Search against relevant estate owners at a cost of £2.00 per name.
This depends on the purchase price of your property. You can calculate the amount you need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.
Once you have obtained the figures from each section you should add these together for an estimate.
If you require any assistance, guidance or clarification then please do not hesitate to telephone us on 02476 448585 or email enquiries@hammonssolicitors.co.uk.
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between eight to ten weeks.
It can be done 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 twelve weeks, if of course the property is built. However, if you are buying a Leasehold property that requires an extension of the Lease, this can take significantly longer, between three and six months. In such a situation, additional charges would apply and these timescales are only estimates and each transaction must be considered on its own facts.
The precise states involved in the purchase of a Residential Property vary according to the circumstances. However, the key stages in your purchase might include the following:-
- Check finances are in place to fund purchase and contact lender's Solicitors, if applicable
a) This is a standard transaction and that no unforseen 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 an Assignment of an existing Lease and is not the grant of a new Lease.
c) The transaction is concluded in a timely manner and no unforseen complications arise.
d) All parties to the transaction are cooperative and there is no unreasonable delay from third parties providing documentation.
Our costs cover all of the work required to complete the sale of your home.
£210.000.00
£300,000.00 - £499,999.99
For sales over £1 Million and up to £3 Million, our legal fees would be based on a number of factors.
This, again, includes the value of your property, the complexity of the legal title and any Planning matters. We would use the hourly rate of our Solicitor who would be dealing with the matter as a guide in providing you with an estimate.
Our fees would be in the range of £1,1550.00 plus VAT of £310.00 to £4,550.00 plus VAT of £910.00 (Total £1,860.00 to £5,460.00) depending on the factors that we have set out. However, if your proposed sale is over £1 Million and up to £3 Million, please kindly contact us by telephone or email enquiries@hammonssolicitors.co.uk and we will be glad to advise you further and provide you with an estimate.
We charge a fixed fee of £250.00 plus VAT of £50.00 (Total £300.00) for preparing and Auction Pack and £250.00 plus VAT of £50.00 (Total £300.00) for attending an Auction based in the Coventry area as your Solicitor.
This is the second part of our costs chargeable. The following disbursements would be applicable to your sale:-
b. Other Land Registry documents are £3.00 each (if required)
c. Anti-Money Laundering Search Fee £4.17 + VAT of £0.83 - Total £5.00 per name.
d. Administration Charge for Bank Telegraphic Transfer Fee £25.00 + VAT of £5.00 (Total £30.00 per payment). This is required to send money to redeem any mortgagees secured on your property on Completion.
e. Leasehold Property Enquiry Form. This is completed by the Managing Agents/Management Company/Resident's or Tenant's Association who manage the development for which your property forms part of. Often the fee is between £150.00, plus VAT of £30.00, to £300.00 plus VAT of £50.00 (Total £180.00 to £350.00). This fee varies from property to property an can, on occasions, be more than this range. We can give you an accurate figure on being informed of the same.
To obtain this please refer to the figures and information given in Parts 1 'Our Legal Fees' and Part 2 'Disbursements'.
Once you have obtained a figure from each section, you should add these together for an estimate.
If you require any assistance, guidance or clarification then please do not hesitate to telephone us on 024 7644 8585 or email enquiries@hammonssolicitors.co.uk.
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between eight and ten weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if the chain involves a first time buyer purchasing a new build property with a mortgage in principle, it could take twelve weeks if, of course, the property is built. If the chain involves a Leasehold property that requires an extension of the Lease, this can take significantly longer, between three and six months. In such a situation additional charges would apply, and these timescales are only estimates and each transaction must be considered in its own facts.
- Arrange for you to complete the required Sale Information Form including a Fixture and Fitting list.
- Consider the Title Documents and draft the Contract
- Request the Managing Agents/Management Company/Tenants or Residents Association complete the Leasehold Enquiry Form and forward to the Buyers Solicitors upon receipt
- Send out the Contract Pack to the Buyer's Solicitors
- Take your instructions and reply to enquiries made by the Buyers Solicitors
- Obtain a final Redemption Figure from you Lender (if applicable)
- Complete sale and redeem any mortgage and account to you with balance of funds.
(a) This is a standard transaction and no unforseen 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 the grant of a new Lease.
(c) The transaction is concluded in a timely manner and no unforseen complications arise.
(d) All parties to the transaction are cooperative and there is no unreasonable delay from third parties involving documentation.
Our costs cover all of the work required to mortgage or re-mortgage your home, including dealing with the Registration of the mortgage at the Land Registry.
These are fees that you pay us for acting in your mortgage or re-mortgage. They are calculated on the value of the loan that you are taking out. Please refer to the following table for what we would charge on your particular matter.
£350,000.00 - £650,000.00
£650.00 £130.00 £780.00
£650,000.00 - £1 Million
For mortgages over £1 Million and up to £3 Million, our legal fees would be based on a number of factors.
These include the value of your property, the complexity of the Legal Title and any Planning matters. We would use the hourly rate of our Solicitor who would be dealing with the matter as a guide in providing you with an estimate.
Our fees would be in the range of £995.00 plus VAT to £2,685.00 plus VAT of £537.00 (Total £1,194.00 to £3,222.00) depending on the factors that we have set out.
If your proposed re-mortgage is over £1 Million and up to £3 Million, please kindly contact us by telephone or email and we would be glad to advise you further and provide an estimate.
a. if your loan is with a new mortgage company, then it will be necessary to order a Search Pack comprising of Local, Mining, Environmental and Drainage Searches £200.00 + VAT of £40.00 (Total £240.00). If your new loan is with your existing lender then such searches may not be necessary. this depends on the choice of your lender and we can give an accurate figure once we have sight of your specific documents.
b. Land Registry Title Information and Filed Plan £6.00 per Title (for Registered Land).
c. Other Land Registry Documents are £3.00 each (if required)
d. Land Registry Official Search - £3.00 per Title
e. Bankruptcy Search £2.00 per name
f. Anti-Money Laundering Search Fee £4.17 + VAT of £0.83 (Total £5.00 per name)
g. Administration Charge for Bank Telegraphic Transfer Fee £25.00 + VAT of £5.00 (Total £30.00 per payment). This is required to redeem any existing mortgage on completion.
h. A fee is payable to register a new mortgage on your Title's property at the Land Registry following completion. The Land Registry Fee is based on the value of the amount of the loan secured against your home, or if it is a further loan on an existing advance the maximum amount you may owe at any one time, if this is for an unlimited amount, then the fee would be based on the value of your home. Please refer to the following table for what would be charged on your particular matter:-
£80,0001.00 - £100,000.00 £40.00
£100,001.00 - £20,000.00 £95.00
If you have a Lender with a Charge existing on your property, this fee would not be necessary.
To obtain this, please refer to the figures and information given in Parts 1 'Our Legal Fees' and Part 2 'Disbursements'.
If you require any assistance, guidance or clarification, then please do not hesitate to telephone us on 024 7644 8585 or email enquiries@hammonssolicitors.co.uk
The average process takes between four to six weeks.
The Key stages in your mortgage or re-mortgage include the following:-
- Receive you Mortgage Offer and check the Redemption Figure of your existing Lender (if necessary)
- Carry out Searches (if necessary)
- Meet with you or send you the Mortgage Deed (if applicable) for signature
- Agree Completion Date (Date your new Loan is completed)
- Obtain a final Redemption Figure for your current Lender (if required)
- Arrange for all monies needed to be received from the Lender
- Complete the mortgage and redeem you current mortgage (if required)
- Account to you with balance funds
- Deal with Application to Register the Mortgage at the Land Registry (as required)
(a) This is a standard transaction and that no unforseen matters arise.
(b) Your property's Title is already Registered at the Land Registry
(d) There is no unreasonable delay from third parties providing documentation.
(e) No Indemnity Policies are required. Additional disbursements may apply if Indemnity Polices are required
We advise on any requirement to transfer an existing Premises Licence when dealing with the sale or purchase of a business where licensable activities take place, e.g. the sale of alcohol.
We would provide you with an estimate of fees for such advice if this was a relevant factor in your transaction.
We do not provide the service of applications for a new Premises Licence or to vary a Premises Licence to allow those premises to be used for one or more licensable activities.