Breens’ conveyancing department comprises of: Stephen Breen (Solicitor and Managing Director), Duaa Izzidien (Solicitor), and Natalie Simmons (Licensed Conveyancer). Stephen Breen is the head of the department.
The information detailed below will give you an idea as to the cost of selling your property and the timescales involved however for a detailed, accurate quote based on your specific needs, contact Debbie Ridehalgh on 01704 532 890 or 0151 928 6544 or email debbie@breensonline.co.uk.
Debbie will take full details and provide you with a written quote sent direct to your email within a matter of minutes.
Freehold/Leasehold
Our range of costs:
We charge a fixed fee for our residential conveyancing service.
The cost of the service is determined by the value of the property you are buying.
| Property Value |
Range of Costs |
||
| From | To | From |
To |
| £0.00 | £500,000 | £690 | £1500 |
| £500,001 | £1,000,000 | £1000 | £1800 |
| £1,000,000+ | £1250 | £1800 | |
All costs exclude VAT at 20%
What factors determine the price within the range?
- The value of the property
- Whether you are a first-time buyer
- Whether it is a re-mortgage
- Whether it is freehold or leasehold
- Whether it is a flat purchase.
- Whether it is the purchase of a new build property
- Whether it is a first registration of title
- Whether you have a mortgage or not.
- Whether it is the purchase of a primary residence, buy to let or second/holiday home.
- Whether it is the purchase of a property of multiple owners.
- Whether a shared ownership scheme is involved.
- Whether you are using a Help-to-Buy scheme, and whether it is an equity loan or ISA.
- Whether you are purchasing under Right to Buy.
- Whether it is a purchase at auction
- Whether the property has been repossessed
What is included in our fees?
- Taking your instructions and giving you initial advice
- Checking finances are in place to fund the purchase and contacting the lender’s solicitors (if applicable)
- Receiving and advising you on contract documents.
- Carrying out searches
- Obtaining further planning documentation if required
- Making any necessary enquiries of seller’s solicitor
- Giving you advice on all documents and information received
- Going through and reporting to you on your mortgage offer.
- Reporting to you on the title.
- Sending final contract to you for signature
- Agreeing a completion date (date from which you own the property)
- Exchanging contracts and notifying you that this has happened
- Arranging for all monies needed, to be received from lender and yourself.
- Completing the purchase
- Dealing with payment of the Stamp Duty/Land Tax
- Dealing with the application for registration at Land Registry
Additional work if leasehold:
- Reporting to you on a Management or Freeholder pack in cases of a flat purchase.
- Preparing a deed of covenant
- Giving notice to a Freeholder and Management Company of the purchase.
*Please note that this is note an exhaustive list.
There is an additional fee of £175 + VAT if the property is leasehold.
Our fee assumes that:
- 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
- (if leasehold) this is the assignment of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complication arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Please note we do not make an additional charge for acting for your lender in respect of your mortgage as some firms do.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. In leasehold transactions there are certain 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.
- HM Land Registry fee is scale 1 and varies according to the value of the property see https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
- Search fees (again these vary dependant on each Local Authority but a search pack that includes a Local Search, Drainage search, Environmental and chancel searches can range from £210 to £380 plus VAT at the standard rate
- Electronic money transfer fee: £10 plus VAT
- Bankruptcy fee £2 per person
- Lawyer Checker Fee £18 plus VAT (this is to ensure that the sellers’ solicitors bank is genuine.)
- Flood and Coal searches may also be required these range from £30 to £50
In Leasehold cases there can be the following additional disbursements*
- Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £25 – £100.
- Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £25 -£100.
- 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 and £150.
- Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 – £150.
*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 in leasehold cases ground rent and service charge (if applicable) are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge (if applicable) as soon as this we receive this information.
Stamp Duty Land Tax
This depends on the purchase price of your property and a number of other factors; the rules are complex and care needs to be taken to ensure that you arrive at the correct stamp duty charge for your purchase. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website. We will advise you on the level of stamp duty payable on your particular transaction.
How long will my property 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 takes between 12 to 48 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 between 12 and 20 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer; between 12 and 26 weeks. In such, a situation additional charges would apply.
Contact Us
For a quote tailored to your specific circumstances, call Debbie now on
Southport 01704 532 890
Liverpool 0151 928 6544
Email debbie@breensonline.co.uk
or make a free enquiry using the box below.