CONVEYANCING

Knowledgeable Conveyancing Law Solicitors

If you are currently buying, selling or transferring your property to another person, the team here at K Boswell & Co can help. We understand that his process can seem like a headache, but it doesn’t have to be! Our trained conveyancers will get you through it with ease.

We will take care of all the documents and research required to make sure the property transaction is both legal and sensible for the persons involved. The following prices are the same whatever the value of the property.

PRICING

From - £786 inc £131 VAT + Disbursements

Timescale - 4 to 8 Weeks

MEET THE TEAM

How long will my property transaction take?

If you need your property transaction to happen quickly, we can help you do it in no time at all.

All our fully qualified conveyancers are adept at checking the facts and legality through thoroughly before any completion goes ahead. With a dedicated eye for detail and a good work ethic, we can have your transaction sorted in time to meet your deadline.

So, you can rest assured you will get fast and professional help for conveyancing law with K Boswell & Co.

How long will my house purchase take?

How long it will take from accepting an offer will depend on a number of factors. The process usually takes 4 - 8 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer, it could take 6 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months.

Pricing

Purchase of a Freehold Residential 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 you wish to buy is in Wales.

Conveyancer's Fees and Disbursements

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.

Legal fee £834 inc £139 VAT
Search fees - this depends on the local authority area but typically in the Sunderland City Council area, the local authority search is £167.40 and the water company search is £54 i.e. £221.40.
HM Land Registry fee - this depends on the purchase price but £100 is the fee for a purchase between £100,001.00 and £200,000.00
Land Registry search fee £3
Bankruptcy search fee £2 per person
Electronic money transfer fee £24 inc £4 VAT

Estimated total: £1,186.40 inc £143 VAT (but this depends on the local authority search, the land registration fee being as above and bankruptcy search fees of £4).

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 website www.gov.uk/stamp-duty-land-tax

How long will my house purchase take?

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 process usually takes 4 - 8 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 of a residential property vary according to the circumstances. Below we have included some key stages:

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 with you
Send final contract to you 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 at Land Registry

Purchase of a Leasehold Residential Property

The costs, disbursements and the process are the same as a Freehold Property except as follows:

There are certain extra disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Anticipated Disbursements*

Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £40.00 and £200.00.
Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £40.00 and 200.00.
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 £50.00 and £150.00.
Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £50.00 and £100.00.

*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 the anticipated service charge as soon as this we receive this information.

Sale of a residential property

Our fees cover all of the work required to complete the sale of your property and including obtaining proof of ownership, submitting contracts to the buyers solicitors, liaising with estate agents and reporting to you throughout.

Conveyancer's fees and disbursements

Legal fee £786 inc £131 VAT
Land Registry title documents £6
Mortgage redemption money transfer fee £24 inc £4 VAT

Estimated total: £921 inc £135 VAT

If there are documents referred to on the Land Registry title that need to be produced, and a copy has to be obtained from the Land Registry, there is a fee payable, currently £3 per document

Also, the charges that we have quoted you are on the basis of acting for you in the sale of a normal good and marketable title.

If there is any defect in the title (i.e. some problem with your ownership arising out of, for example, non compliance with terms and conditions affecting the property), then we reserve the right to charge a further fee of £120 inc £20 VAT for the unforeseen extra work involved.

Who will carry out the work and what are their qualifications?

Peter Lowthian

Peter was locally educated, and obtained an Honours Degree in Law in 1980 from Newcastle University. After experiencing working in large, as well as small firms, in areas as diverse as Newcastle, South Shields, Sunderland and Hartlepool, in 1999 he joined K Boswell & Co to provide the firm with the benefit of the breadth of experience he has in the fields of Family Law, Criminal Defence, Residential Conveyancing and Wills/Probate.

He now focuses on leading the Residential Conveyancing and Wills/Probate departments of the firm

He regularly attends courses to keep abreast of developments in the law, and was heavily involved in the firm’s application to be accredited under the Law Society’s Conveyancing Quality Scheme.