Property & Conveyancing
Why choose Rose Law Solicitors?
The house buying process can be a frustrating one. Everyone’s timescales are different. We at Rose Law try and negotiate with other parties to meet your needs and requirements the best we can.
We provide the human touch
We keep in contact and are here for you throughout the buying process. We can even meet in person if you would like to put a friendly face to the voice on the phone.
Our prices are transparent
Once you have provided us with all the details we need, we will provide you with a detailed estimate so you don’t get any surprises
Please read our About Us page for more about Rosy Chanders experience.
Our fees on Residential Purchases/Sales
We have set out below our fees in respect of the purchase of the property, sale of property with the likely Disbursements in respect of such transactions. Disbursements are payments which may be required to be made on your behalf such as Search fees and a charge by third parties but are necessary in the transaction.
PRICE fees start from (TOTAL)
£500,001 – £2,000,000 ( £1350-£3,050)
PRICE fees start from ( TOTAL)
£75,001 – £250,000 (£750-£950)
£250,001 – £500,000 (£950-£1150)
£500,001 – £2,000,000 (£1150-£2900)
The legal fees for sale or purchase of properties worth in excess of 2 million pounds are to be determined on our hourly rate which is currently between £225 – £250 per hour. Should a fixed fee not apply the chargeable hourly rate will be confirmed at the quotation stage and within our client care letter.
Additional Charges for Leasehold
The above fees apply to freehold transactions. When the property is leasehold additional work is required and in respect of leasehold transactions there will be in addition to the above fees a further charge of £150 to cover the additional work.
V.A.T is not applicable to our fees as we are not vat registered.
Please note these prices may change please call to confirm thank you.
The usual Disbursements in addition to our fees stated above in respect of residential property purchase transactions are usually as follows:-
• Search fees £300.00 – £400.00 depending on Local Authority.
• Electronic Transfer fee – £30.00 per transfer.
• On Sales, cost of documentation from Land Registry between £6.00 and £30.00 depending on number of documents.
The above Disbursements include VAT. Although our Costs are fixed the Disbursements are charged by third parties and may from time to time increase or decrease and you would be notified and the difference in charge would be reflected in your final Account.
In respect of leasehold transactions there may be further Disbursements such as charges made by the Landlord and/or Management Company, these charges are reserved in the Lease for giving notice of Transfer, notice of Mortgage or dealing with Deed of Covenant or removal or compliance with a restriction. These fees cannot be ascertained until we have had the opportunity of perusing the Lease or discussing with the Landlord/Freeholders but can vary between £100.00 and £500.00. On the sale of a leasehold property often the Landlord/Managing Agents make a charge for providing a Leasehold Information Sale pack or dealing with standard leasehold enquiries and until we have contacted them we cannot give a full figure in respect of this but charges are likely to be in between £100.00 and £500.00.
Land Registry fees
These are payable to the Land Registry in respect of registering a purchase or a mortgage. They are based on the Purchase price or re-mortgage amount and vary depending on the type of application. Full details can be obtained from https://www.gov.uk/government/collections/fees-hm-land-registry-guides
Stamp Duty Land Tax
This may be payable on your purchase. You can calculate the amount you will 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://beta.gov.wales/land-transaction-tax-calculator ).
Alternatively contact our Residential Conveyancing Team who will only be too willing to assist in calculating the SDLT applicable to your transaction and the relevant Land Registry fee.
The Searches referred to above usually consist of the following:-
• Local search
• Water search
• Mining report
• Environmental report
• Chancel Check
• Bankruptcy search
• Land Registry search
• Other searches
Key Stages of the Process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages which you should be aware of:
- 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
- Send final contract to you for signature
- Draft Transfer
- Advise you on joint ownership
- Obtain pre-completion searches
- Agree completion date
- 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
How long will the transaction take to complete?
Sale, or purchase of a house all depends on a number of factors. The average process takes between 8-16 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 16 weeks. However, 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 would apply.
Disbursements and search fees will attract VAT.
Kindly note that VAT is not applicable as we are not a V.A.T registered company.