Contact Us:

Basingstoke Office 01256 322911

Guildford Office 01483 900150

Email: legal@wills-chandler.co.uk

Residential Conveyancing

Our legal fees

Calculated on the price of the property starting at £565.00 plus VAT (basic)

Additional legal fees that may apply

Stamp Duty Land Tax completion and submission On purchase £75.00 plus VAT
Acting for Mortgage Lender on purchase £145.00 plus VAT
Leasehold sale and purchase £150.00 plus VAT
Shared Ownership purchase £200.00 plus VAT
New Build purchase £200.00 plus VAT
Freehold Management Company sale and purchase £100.00 plus VAT
Arranging Indemnity Insurance Policy £40.00 plus VAT
Gifted deposit £40.00 plus VAT
Early completion fee (less than 1 week) £100.00 plus VAT
Declaration of Trust £295.00 plus VAT (basic)
Transfer of Equity £395.00 plus VAT
Remortgage £375.00 plus VAT
Equity Release £565.00 plus VAT (basic)
First Registration £350.00 plus VAT
Bank Telegraph Transfer fee £30.00 plus VAT (each)
ISA funding £50.00 plus VAT
Help to Buy £200.00 plus VAT
Statutory Declarations or Statement of Truth £150.00 plus VAT

The above may be subject to amendment depending on complexity and you will be informed before we carry any additional work.

If for any reason, the transaction fails to proceed, then the legal fees will be charged for the work carried out at that stage to include any disbursements incurred. Our Conveyancers hourly rate is £175.00 plus VAT.

If for any reason the transaction becomes more complex and time consuming than expected then we reserve the right to review the basic legal fees for any additional work and you would be advised if this became likely.

Disbursements likely to be incurred on sale

ID check £4.20 (each)
Official copies of the register £3.00 (each document)
Leasehold Management pack fee TBA

Disbursements likely to be incurred on purchase

Stamp Duty TBA
Land Registry Registration fee TBA
Local Authority Search £168.00 approximately
Water & Drainage Search, Chancel Insurance and Avista Groundsure Search £161.00 approximately
Bankruptcy Search £2.00 each
ID check £4.20 each
Land Registry priority search £3.00 each

Disbursements likely to be incurred on remortgage

Land Registry Registration fee TBA
Local Search fees Dependant on lenders requirements
Bankruptcy Search £2.00 each
ID check £4.20 each
Land Registry priority search £3.00 each

Disbursements likely to be incurred transfer of equity

ID checks £4.20 each
Bankruptcy Search £2.00 each
Land Registry Registration fee TBA
Stamp Duty TBA

Disbursements likely to be incurred on first registration

Land Charge Search £2.00 each
ID checks £4.20 each
Land Registry Registration fee TBA

Disbursements likely to be incurred on Equity Release

Local Search fees Dependant on lenders requirements
Bankruptcy Search £2.00 each
Land Registry priority search £3.00 each
ID check £4.20 each
Land Registry Registration fee TBA

Please note that disbursements may differ before the matter is completed but these would not be expected to vary substantially and you will be notified of any charges.

Money on Account

Purchase £450.00
Sale £200.00
Remortgage/Equity Release TBA
Transfer of Equity £100.00
First registration TBA

Time Scales

Each conveyancing transaction varies but as a general guidance 4 to 6 weeks.

Our Service

Sale

  • You will receive all necessary forms to be completed immediately a sale is agreed, if not before.
  • We will send a purchase contract to your buyer's solicitors, with details of the property and its ownership.
  • Reply to pre-contract enquires that the buyer or their solicitors may raise and provide copies of any existing guarantees, planning consents, etc.
  • Request from you a fixtures and fittings list detailing what you will be leaving in the property and forward this to the buyers' Solicitors.
  • Report to you.
  • Arrange for you to sign the contract in readiness for an exchange.
  • Agree a completion date that suits everyone in the chain, exchange contracts and effect a transfer deed.
  • Send you a completion statement detailing payments to make on completion to estate agents, mortgage lenders or any other third party.
  • On the day of completion, receive the purchase monies from your buyer’s solicitors in exchange for the title deeds and arrange to make financial payments in accordance with our completion statement.

Purchase

  • You will receive all necessary forms to be completed immediately a purchase is agreed.
  • Obtain the draft contract from the seller's solicitors, with details of the property and its ownership.
  • Raise any pre-contract enquires and obtain copies of any existing guarantees, planning consents, etc.
  • Receive the seller's fixtures and fittings list to see what they will be leaving in the property, and provide you with a copy to check.
  • Report to you.
  • When your mortgage offer has arrived - we will arrange for you to sign the contract and hand over your deposit to hold in readiness for exchange.
  • Exchange contracts once the sellers' are ready to proceed and a completion date has been agreed that suits everyone in the chain.
  • Apply for the mortgage advance from your lender and send you a completion statement.
  • On the day of completion we will forward the purchase funds to the sellers' solicitors in exchange for the title deeds and you can now move into your new home.
  • Register your ownership and mortgage at Land Registry and advise you once this has been completed.

Remortgage

  • Once instructed, we will request your property title deeds from your existing lender, and also establish exactly how much is left outstanding on your mortgage.
  • Once the valuation has been completed, and your new lender has agreed your mortgage, they will post to you (and send a copy with instructions to us) a formal mortgage offer letter. This will include any special instructions which must be carried out in order for the transaction to be completed.
  • We will undertake all appropriate searches required by the lender.
  • Report to you.
  • Once the mortgage deed has been drawn up we will send it to you for your signature and return. If, as part of any deal you have agreed with your new lender you are utilising some of your own money, we will request funds from you.
  • A completion date will be agreed with you. Completion is the day when your new mortgage monies (which will have been sent to us a couple of days beforehand) are used (along with any additional funds you are providing yourself) to pay off your old mortgage (and any other debts which are being reduced/settled as part of the transaction). All of our fees will have to be settled by this point, and if there is any money due to you i.e. an additional fund raised from the remortgage, they will be paid into an account of your choice.
  • The final part of the process is for the land registry to note the new lender. This will show that the new lender has a First Legal Charge over your property, and also confirm that the previous lenders details have been removed. The original of this document will be sent to your new lender, with a copy going to you.

Transfer of Equity

  • The process of transferring the ownership of a property is fairly straightforward. A Transfer Deed is signed by both parties and witnessed.
  • We will carry out identity checks and bankruptcy searches.
  • We will register the transfer of the property with Land Registry and provide you with a copy of the updated title.

First Registration

  • Taking your instructions and receiving the title deeds from you.
  • Perusing the title documents and collating the documents necessary to prove title ownership.
  • Carrying our identity checks and land charges search.
  • Completing an application form and submitting the application and title documents to the Land Registry,
  • Once the application is complete supplying you with a copy of the registered title document.

Equity Release

WE

  • Provide the new Lenders Solicitor with title documentation and deal with matters arising
  • Advise you on security documents
  • Advise the new Lender's Solicitor of any change in circumstances which may affect the mortgage prior to completion
  • Forward on a copy of your existing Lender's redemption statement (if any)
  • Complete and sign the Equity Release Council Solicitor's Certificate

NEW LENDER'S SOLICITOR

  • Institute appropriate local authority searches or arrange search insurance
  • Obtain the redemption statement and deeds from your existing lender(s) if any
  • If applicable request a postponement of an existing charge in favour of another lender
  • Receive a copy of the Mortgage Offer from your new lender and provide you with a copy

YOU

  • Receive the Mortgage Offer from your new lender
  • If applicable supply information to your existing lender for postponement of their charge

NEW LENDER'S SOLICITOR

  • Check the amount you propose to borrow is sufficient to repay your existing mortgage(s). If not we will request the balance from you
  • Send US the Mortgage Deed for your Signature (and which we will send on to you)

YOU

  • Return the Mortgage Deed duly signed and witnessed
  • Send us the shortfall balance (if any)

WE

  • Set a completion date
  • Ask the new Lender's Solicitor to carry out final pre-completion searches
  • Ask the new Lender's Solicitors to request the funds to arrive the day before completion to ensure redemption funds reach your present lender (if any) on completion day

WE: on completion

  • Confirm completion has taken place and send you a completion statement
  • Send any surplus funds to you by cheque or bank transfer

NEW LENDER'S SOLICITOR: on completion

  • Redeem your existing mortgage(s) if any and if applicable complete the postponement of an existing charge
  • Date the Mortgage Deed
  • eal with registration of the new mortgage at the Land Registry

YOU: on and following completion

  • Double-check that your buildings and/or contents insurances are in order
  • Receive any surplus from us by cheque or bank transfer (optional)

YOU if applicable

  • Receive from us any Deeds sent to us which are not required by your new Lender

Our Residential Conveyancers have in excess of twenty years' experience and carry out their work under the supervision of Anthony Dodson Director/Solicitor