Wellington: 01952 641291 | Shifnal: 01952 460777 hello@parrycarver.co.uk

Residential Conveyancing Price

Parry Carver has been CQS accredited since 2012. This involved the rigorous examination of our firm, its management structure and an in-depth investigation of our personnel. CQS member firms are required to carry out work at highest standards and to demonstrate absolute financial and professional integrity. For this reason, many Banks and Building Societies look to a firm that has CQS accreditation when appointing them to carry out mortgage work on their behalf.

An accredited firm must maintain this high standard of work at all times and ensure that all its conveyancing solicitors complete compulsory training. The firm must also submit itself to detailed scrutiny by the Law Society once a year as part of the re-accreditation process.

Areas of Expertise

Types of residential property work our experienced teams at Wellington and Shifnal are able to deal with include but are not limited to:

  • Sales and Purchases of Freehold and Leasehold Properties
  • Leasehold matters, including granting of new leases, lease assignment and lease extensions
  • Buy-to-let
  • Remortgages
  • Transfers of property
  • Declarations of Trust
  • New Build Properties
  • Help to Buy
  • Shared Ownership
  • Right to Buy
  • Equity Release Mortgages
  • Auction Properties
  • Freehold and Leasehold Properties
  • Probate Sales
  • First Registrations
  • Assents
  • Part-Exchange
  • Sale and Purchase of Building Plots
Property Value Minimum Sale Fee Maximum Sale Fee Minimum Purchase Fee Maximum Purchase Fee Remortgaging
£0 – £750,000 £495 £750 £525 £750 £395
Over £750,000 POA POA POA POA POA

POA = Price on Application

All the fees shown above are subject to VAT.

For any properties over £750,000 please note that an estimate of costs will be required.

We reserve the right to alter these at any time and on a case by case basis depending on circumstances and at our discretion.

Mortgage Lender Legal Fees:   as per Mortgage Offer or capped at £150 whichever is the lower

Leasehold Fee:   £150

Shared Ownership Fee:   £150

Unregistered Title Fee:   £150

New Build Fee (dependant on which development): £150

Declaration of Trust Fee:   Start at £150

Gifted Deposit Fee:   £75

SDLT Submission Fee:   £50 – £75

Help to Buy ISA Fee:   £50

Telegraphic Transfer Fee:   £30 – £40

Lawyer Check:   £13.33 inc VAT

Administration ID Fee:   £10

All the fees shown above are subject to VAT.

Fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you.

 

Conveyancing Process

As a general guide the following steps are part of our service for a typical conveyance transaction:

  • Taking instructions and giving initial advice
  • Drafting or receiving and advising on contract documents
  • Carrying out searches and obtaining planning documentation if required
  • Raising or answering enquiries on title documents and searches
  • Reporting on title and obtain mortgage offer (if appropriate)
  • Obtaining authority to exchange and agree completion date
  • Agreeing pre-completion documents and obtaining pre-completion searches
  • Providing a financial statement
  • Completing the sale/purchase
  • Dealing with the payment of Stamp Duty/Land Tax and application for registration at Land Registry

 

 

Third Party Expenses – (known as Disbursements)

Expenses are costs related to your matter that are payable to third parties, such as Land Registry fees. We collect the payment for these expenses from you and deal with the payment on your behalf to ensure a smoother process.

The expenses that are usually payable on a purchase include:

Stamp Duty Land Tax

This depends on the purchase price of your property and your individual circumstances. If the property is located in England you can calculate the amount of Stamp Duty Land Tax you will need to pay by using HMRC’s website here: https://www.tax. service.gov.uk/calculatestamp-duty-land-tax/#/intro. If the property is located in Wales you will pay Land Transaction Tax. You can calculate the amount you will need to pay by using the Welsh Revenue Authority’s website here: https://beta.gov. wales/land-transaction-tax.

HM Land Registry fee

This depends on the purchase price of your property. You can calculate the amount you will need to pay using the Land Registry website: http:// landregistry.data.gov.uk/fees-calculator. html

Search fees

It is standard practice when purchasing a property to undertake a number of searches against the property to provide important information such as whether it is connected to mains water, there are any planning restrictions or if it is likely to be affected by flooding for example. These searches are provided by third parties who charge a fee. These fees differ depending upon the provider, the locality and the type of search.

 

How long will it take?

How long it will take from you instructing us to act for you until you can move in to / out of your house will depend on a number of factors. The average process takes between 6-12 weeks from receipt of Contract papers. 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 property in a chain or with title issues, it can take significantly longer, between 3 and 4 months. In such a situation, additional charges may apply.

Who will do the work?

Visit our Residential Conveyancing page

http://www.parrycarver.co.uk/our-services/residential-property/

Referral fees

There may be some instances where referral fees are paid to third parties, for the introduction of your business. Any such fees applicable to your transaction will be disclosed in our formal estimate and initial paperwork before you are committed to the transaction.

To obtain an accurate conveyancing estimate to your transaction, please contact us on:

Telford: 01952 641291

Shifnal:  01952 460777