CONVEYANCING FEES


Residential conveyancing at Wilson Bramwell is conducted by experienced solicitors, with one individual advising you on the process throughout.  As a client of Wilson Bramwell you will not be passed from person to person or have your matter dealt with by paralegals or unqualified staff.  We will keep you up to date on the transaction in the way that is most convenient to you and we will make every effort to achieve your desired timescales.


PURCHASE OF A RESIDENTIAL PROPERTY

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration of your purchase 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 is in Wales.

Our legal fees will depend upon the purchase price of the property, whether it is freehold or leasehold and the complexity of the transaction.  Our fees range from £595.00 plus VAT to £3,000.00 plus Vat. Our fees include the fees for acting for your lender if you are buying with the aid of a mortgage and include registering your purchase at the Land Registry and submitting the Stamp Duty or Land Tax return. We will supply you with an estimate of our fees upon request.

In addition to our legal fees there will also be disbursements to pay. Disbursements are costs related to your matter which are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf. The disbursements may include the following:

  • Search fees approximately £300.00 (this will depend upon the searches required by your lender and whether you require any optional searches, we shall advise you on this)

  • HM Land Registry fee (this will vary according to the purchase price of the property and range between £20.00 and £455.00 if the property is already registered land and £40.00 and £910.00 if the property is not yet registered at the Land Registry)

  • Bank transfer fee £21.00

  • Stamp Duty or Land Tax (this will vary depending on the value of the property and other factors e.g. whether you are a first-time buyer. You can calculate the amount you will need to pay by using the calculator at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax (for England) or https://beta.gov.wales/land-transaction-tax-calculator (for Wales)

  • Notice of Transfer fee (this relates to leasehold properties ONLY and will vary.  It is charged by the Landlord/Managing Agents).

The above list of disbursements is not exhaustive and other disbursements may be payable particularly if the property is a new build, a shared ownership property or leasehold. We shall advise you of any extra disbursements upon receipt of the contract papers from the seller’s solicitor.

Please note Wilson Bramwell do not pay any referral fees.


How long will my property purchase take?

How long it will take from you instructing us until you can move in to your new home will depend on several factors. The average process takes between 6-8 weeks.

It can be quicker or slower, depending on various factors. For example, if you are a first-time buyer, purchasing a new build property or there are several people in the chain it could take longer or if it is a straight forward transaction it could be quicker.


Stages of the purchase process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have set out some of the key stages involved:

  • Taking your instructions and giving you initial advice

  • Sending you our Letter of Engagement and Terms of Business (this will include an estimate of our fees and disbursements).

  • Receiving and approving the contract documents

  • Investigating the title to the property.

  • Carrying out searches and examining the search results

  • Obtaining planning documentation if required

  • Raising enquiries with the seller's solicitor and examining the replies

  • Preparing a Property Report to include advice on all documents and information received and sending you the Contract for signature

  • Going through the mortgage offer and advising you on it

  • Agreeing a completion date (date from which you own the property)

  • Drafting the Transfer

  • Advising you on joint ownership and where advisable drafting a Declaration of Trust

  • Exchanging contracts and notifying you that this has happened

  • Obtaining pre-completion searches

  • Arranging for all monies needed for completion to be received from you

  • Submitting a Certificate of Title to your lender to request the mortgage advance

  • Completing the purchase

  • Dealing with the payment of Stamp Duty/Land Tax

  • Dealing with the application for registration at Land Registry

  • Serving Notice of Transfer/Charge on the Landlord/Managing Agents (leasehold only)

  • Providing you (and if necessary, your lender) with a copy of the title information document following completion of the registration of your purchase


If you wish us to provide an estimate of our fees and disbursements for your purchase, please contact us by telephone or if you prefer email us at info@wilsonbramwell.co.uk . If emailing, please include the following to enable us to provide an estimate as quickly as possible without having to ask you for further information:

  • The price of the property you are buying or an approximate value if you have not yet found a property?

  • Whether you are a first-time buyer?

  • If you are buying with a mortgage the name of your lender (if known)?

  • Is the property freehold or leasehold?

  • Is it a new build?

  • Will the purchase result in you owning 2 or more properties? If so, is the property replacing your main residence?

  • Is it a shared ownership scheme?

  • Are you using a help to buy scheme, and if so whether it is an equity loan or ISA?


SALE OF A RESIDENTIAL PROPERTY

Our fees cover all the work required to complete the sale of your property.

Our legal fees will depend upon the sale price of the property, whether it is freehold or leasehold and the complexity of the transaction, our fees range from £595.00 plus VAT to £3,000.00 plus Vat.

In addition to our legal fees there will also be disbursements to pay. Disbursements are costs related to your matter that are payable to third parties, such as fees for up to date official copies of your title documents. We handle the payment of the disbursements on your behalf. The disbursements may include the following:

  • A search of the Index Map to ascertain your title number £4.00

  • Official copies of your title £6.00 (£12.00 if leasehold)

  • Bank transfer fee £21.00 per transfer (e.g.  if there is a mortgage to redeem or you require the net sale proceeds by bank transfer)

  • Fee for Information Pack (required for leasehold properties ONLY and this will vary depending on the supplier of the pack which will be the Landlord or Managing Agents).

The above list of disbursements is not exhaustive and other disbursements may be payable particularly if the property is a shared ownership property or leasehold. We shall advise you of any extra disbursements once we have full instructions from you.

Please note Wilson Bramwell do not pay any referral fees.


How long will my property sale take?

How long it will take from you instructing us until you complete the sale will depend on several factors. The average process takes between 6-8 weeks.

It can be quicker or slower, depending on various factors. For example, if planning or Building Regulation documentation is missing or there is a problem with your title, it could take longer.


Stages of the sale process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out some of the key stages involved:

  • Taking your instructions and giving you initial advice

  • Sending you our Letter of Engagement and Terms of Business (this will include an estimate of our fees and disbursements).

  • Obtaining official copies of your title and drafting the Contract

  • Obtaining from you, various information required by the buyer

  • Obtaining information from the Landlord/Manging Agents (leasehold ONLY)

  • Submitting the Contract and supporting documentation to the buyer’s solicitor

  • Replying to any enquiries raised by the buyer’s solicitor.

  • Sending you the Contract to sign once it is approved

  • Agreeing a completion date (date on which you move out and ownership of the property passes to the buyer)

  • Approving the Transfer and obtaining your signature to it

  • Exchanging contracts and notifying you that this has happened

  • Obtaining a redemption figure from your lender (if you have a mortgage to pay off)

  • Calculating an apportionment of service charge and ground rent (leasehold ONLY)

  • Completing the sale

  • Dealing with the redemption of your mortgage

  • Paying the estate agent if you wish us to

  • Sending you the net sale proceeds

If you wish us to provide an estimate of our fees and disbursements for your sale, please contact us by telephone or if you prefer email us at info@wilsonbramwell.co.uk . If emailing, please include the following to enable us to provide an estimate as quickly as possible without having to ask you for further information:

  • The price of the property you are selling or the asking price if you don’t yet have an offer?

  • Is the property freehold or leasehold?

  • Is it a shared ownership property?


MORTGAGE OR RE-MORTGAGE OF A RESIDENTIAL PROPERTY

Our fees cover the work required to complete the mortgage or re-mortgage of your property.

Our legal fees will depend upon the value of your property, the amount of the mortgage advance and whether it is freehold or leasehold, our fees range from £500.00 plus VAT to £750.00 plus Vat.

In addition to our legal fees there will also be disbursements to pay. Disbursements are costs related to your matter that are payable to third parties, such as fees for up to date official copies of your title documents. We handle the payment of the disbursements on your behalf. The disbursements may include the following:

  • A search of the Index Map to ascertain your title number and extent of your property £4.00

  • Official copies of your title £6.00 (£12.00 if leasehold)

  • Bank transfer fee £21.00 per transfer (e.g.  if there is a mortgage to redeem or you require the net mortgage advance by bank transfer)

  • Land Registry Fee to register the new mortgage (this will depend on the amount of the mortgage advance and range between £20.00 and £250.00)

The above list of disbursements is not exhaustive and other disbursements may be payable. We shall advise you of any extra disbursements once we have full instructions from you.


How long will the mortgage/ re-mortgage of my property take?

How long it will take from you instructing us until the mortgage or re-mortgage is completed will depend on factors including how long searches are taking which can vary from time to time. The average process takes between 4-8 weeks.

It can be quicker or slower, depending on various factors.


Stages of the mortgage/re-mortgage process

The precise stages involved in the mortgage/re-mortgage of a residential property vary according to the circumstances. However, below we have set out some of the key stages involved:

  • Taking your instructions and giving you initial advice

  • Sending you our Letter of Engagement and Terms of Business (this will include an estimate of our fees and disbursements).

  • Obtaining official copies of your title and checking the title for your lender

  • Obtaining from you, various information required by the lender e.g. permissions/consents for any building work you have carried out at the property

  • Advising you on the terms of the mortgage and obtaining your signature to the Mortgage Deed

  • Submitting searches and examining the results

  • Agreeing a completion date (date on which the mortgage is completed)

  • Obtaining a redemption figure from your existing lender (if you are re-mortgaging)

  • Completing the mortgage/re-mortgage

  • Dealing with the redemption of your existing mortgage if you are re-mortgaging

  • Sending you the net mortgage advance

If you wish us to provide an estimate of our fees and disbursements for your mortgage or re-mortgage, please contact us by telephone or if you prefer email us at info@wilsonbramwell.co.uk . If emailing, please include the following to enable us to provide an estimate as quickly as possible without having to ask you for further information:

  • The amount of your new mortgage advance?

  • Is the property freehold or leasehold?

  • The name of your new lender and if you are re-mortgaging your existing lender?

Please note that we are always happy to answer any queries you may have regarding our fees for the sale, purchase, mortgage or re-mortgage process and you are welcome to call us and ask to speak to one of our conveyancing solicitors.