Residential Conveyancing & Property

  • Sales and purchases of property
  • Re-mortgages
  • Transfers of property
  • Trusts relating to property
  • Preparation of Leases and Tenancy Agreements
  • Claiming land by adverse possession/long user

In recognition of our first class quality service, we have been awarded “Conveyancing Quality Scheme” status by the Law Society.

Our residential property team is based at our Lodge House address. For an initial consultation with a member of our team – please call 01282 792342 or email enquiries@southernslaw.co.uk

 

Southerns would like to remind our clients of some key fraud advice.

If you are suspicious about any property transaction you have been asked to carry out, please let us know as soon as possible by calling our property fraud line on 0300 006 7030 from Monday to Friday, 8.30am to 5pm, or you can email reportafraud@landregistry.gov.uk.

To help your clients avoid becoming victims of property fraud, please encourage them to:

Many of you have already added property fraud advice to your websites and given our Protect your property from fraud leaflets to your clients. If you’d like to order more leaflets free of charge, email pfleaflets@landregistry.gov.uk, stating how many leaflets you’d like and the address or DX number to send them to.

Since 2009, HM Land Registry has prevented 254 fraudulent applications being registered, representing properties valued in excess of £117 million. No system can be completely fraud-proof, but by working together we can help more people understand what they can do to protect themselves.

Residential Conveyancing Fees (Estimates – DEC 2018)
Purchase – Freehold (House)
VALUELEGAL FEEVAT (currently 20%)TOTAL
£0-175,000£495.00£99.00£594.00
£175,001 - £250,000£550.00£110.00£660.00
£250,001 –£350,000£595.00£119.00£714.00
£350,001 - £500,000£675.00£135.00£810.00
£500,001 - £600,000£725.00£145.00£870.00
£600,001 - £700,000£750.00£150.00£900.00
£700,001 – £750,000£825.00£155.00£910.00
£750,001 - £800,000£825.00£165.00£990.00
£800,001 – £900,000£875.00£175.00£1050.00
£900,001 – £999,999£925.00£185.00£1110.00
£1,000,000 – onwards0.10%
Additional Fees – Purchase
 LEGAL FEEVATTOTAL
Leasehold Flat – ADD£175.00£35.00£210.00
Help to Buy ISA£50.00£10.00£60.00
New Build£150.00£30.00£180.00
Help to Buy Equity Scheme£120.00£24.00£144.00
Shared Ownership£120.00£24.00£144.00
Disbursements – Purchase
 FEEVATTOTAL
Telegraphic Transfer Fee£30.00£6.00£36.00
Case Management Fee£19.00£3.80£22.80
Search Bundle
(this includes – Local Search, Water & Drainage, Environmental Search, Chancel) other searches are subject to the property location and requirements of lender
£189.91£37.99£227.90
Land Registry£3.00 (per title)
Land Charges£2.00 (per name)
Land Registration Fee
www.gov.uk/guidance/hm-land-registry-registration-services-fees
£Variable from HM Land Registry –
Stamp Duty Land Tax
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
£Variable – in accordance with tax rate –
Land Transaction Tax Wales with tax rate https://beta.gov.wales/land-transaction-tax-calculator£Variable – in accordance with tax rate –
Leasehold Notice Fees
£Variable in accordance with the terms of the Lease (may include: Deed of Covenant, Share Certificate, Consent Certificate, Certificate of Compliance)
Companies House Mortgage Registration Fee
https://www.gov.uk/government/publications/register-particulars-of-a-charge-mr01
Sale – Freehold (House)
VALUELEGAL FEEVAT (currently 20%)TOTAL
£0-175,000£450.00£90.00£540.00
£175,001 - £250,000£495.00£99.00£594.00
£250,001 –£350,000£575.00£115.00£690.00
£350,001 - £500,000£595.00£119.00£714.00
£500,001 - £600,000£650.00£130.00£780.00
£600,001 - £700,000£695.00£139.00£834.00
£700,001 – £750,000£725.00£145.00£870.00
£750,001 - £800,000£750.00£150.00£900.00
£800,001 – £900,000£775.00£155.00£910.00
£900,001 – £999,999£825.00£165.00£990.00
£1,000,000 – onwards0.10%
Additional Fees – Sale
 LEGAL FEEVATTOTAL
Leasehold Flat - ADD£175.00£35.00£210.00
Disbursements – Sale
 FEEVATTOTAL
Telegraphic Transfer Fee£30.00£6.00£36.00
Case Management Fee£19.00£3.80£22.80
Land Registry Office Copies£6.00 (per title i.e. Title to the property and Title Plan)
Leasehold (management pack)£TBC – the fee will be collected up front and for client to make a cheque to the Landlord/Management Company
Indemnity Policies£Variable - issued from provider
Index Map Search (unregistered)£4.00
Land Charges (unregistered)£2.00 (per name)
Land Charges Docs (unregistered)£1.00 (per document)
Probate Sales  – where the firm are instructed and dealing with the administration of the estate – the above fee scale will apply.
Mortgage – Remortgage – Freehold
VALUELEGAL FEEVAT (currently 20%)TOTAL
£0-250,000£300.00£60.00£360.00
£250,001 - Above£400.00£80.00£480.00
Leasehold£475.00£95.00£570.00
Includes a Transfer of Equity ADD£150.00£30.00£180.00
Disbursements – Remortgage
 FEEVATTOTAL
Telegraphic Transfer Fee£30.00£6.00£36.00
Case Management Fee£19.00£3.80£22.80
No search insurance£variable subject to policy cover and value and requirements of lender
THIS ONLY APPLIES IF LENDER DOES NOT ACCEPT SEARCH INSURANCE
Search Bundle£189.91£37.99£227.90
(this includes – Local Search, Water & Drainage, Environmental Search, Chancel) other searches are subject to the property location and requirements of lender
Land Registry£3.00 (per title)
Land Charges£2.00 (per name)
Insolvency Insurance£Variable – subject to policy cover and value
Land Registration Fee£Variable from HM Land Registry – www.gov.uk/guidance/hm-land-registry-registration-services-fees
Stamp Duty Land Tax£Variable – in accordance with tax rate – https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Land Transaction Tax Wales£Variable – in accordance with tax rate https://beta.gov.wales/land-transaction-tax-calculator
Leasehold Notice Fees£Variable in accordance with the terms of the Lease (may include: Deed of Covenant, Share Certificate, Consent Certificate, Certificate of Compliance)
Transfer of Equity– Freehold
VALUELEGAL FEEVAT (currently 20%)TOTAL
£0-250,000£300.00£60.00£360.00
£250,001 - Above£400.00£80.00£480.00
Leasehold£475.00£95.00£570.00
Includes a Remortgage ADD£150.00£30.00£180.00
Disbursements – Transfer of Equity
 FEEVAT (currently 20%)TOTAL
Telegraphic Transfer Fee£30.00£6.00£36.00
Case Management Fee£19.00£3.80£22.80
Land Registry£3.00 (per title)
Land Charges£2.00 (per name)
Land Registration Fee£Variable from HM Land Registry – www.gov.uk/guidance/hm-land-registry-registration-services-fees
Stamp Duty Land Tax£- where there is a Transfer of Equity SDLT may be payable if one party already owns another residential property, or if the amount of the mortgage debt to be taken on by either the incoming party or a remaining owner is more than £125,000.00 - https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Land Transaction Tax Wales£ where there is a Transfer of Equity SDLT may be payable if one party already owns another residential property, or if the amount of the mortgage debt to be taken on by either the incoming party or a remaining owner is more than £125,000.00 https://beta.gov.wales/land-transaction-tax-calculator
Leasehold Notice Fees£Variable in accordance with the terms of the Lease (may include: Deed of Covenant, Share Certificate, Consent Certificate, Certificate of Compliance)
Residential Conveyancing – What we do:

Freehold or Leasehold Sale and Purchase/Mortgage or Remortgage/Transfer of Equity

Our fees cover all of the work required to complete the sale or purchase of your home, including on a purchase dealing with registration at H M Land Registry and dealing with the payment of Stamp Duty (SDLT) if the property is in England or Land Transaction Tax (LTT) if the property is in Wales. On a sale we will also deal with the redemption of your existing mortgage.  On mortgage or remortgage we will deal with the requirements of your Lender including searches and enquiries, if necessary,  redeem any existing mortgage and register any new mortgage as required.

Our Fee is based upon:
  1. This is a standard transaction and that no unexpected matters arise including for example (but not limited to) a defect in the title which requires remedying prior to completion of the preparation of additional documents ancillary to the main transaction.
  2. In leasehold transactions that this is the assignment of an existing lease and is not the grant of a new lease
  3. The transaction is concluded in a timely manner and no unforeseen complication arise
  4. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Timing of Transaction:

How long it will take from your offer being accepted until you can move into your house will rest on on a number of aspects.  The typical process takes between 4-12 weeks.  It can be quicker or slower, subject to the parties in the chain.  i.e. 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 involves an extension of the lease, it can take significantly longer, between 3 to 6 months.  In this instance, additional charges would apply.

The Steps of the Process
  1. Take your instructions and provide you with initial advice
  2. Obtain identification from you
  3. Check finances are in place to fund purchase and contact lender’s solicitors if required
  4. Receive and advise on contract documents
  5. Carry out initial searches
  6. Attain further planning documentation if required
  7. Make any needed enquiries of the seller’s solicitors
  8. Provide you with advice on all documents and information received
  9. Go through conditions of the mortgage offer with you
  10. Send final contract to you for signature
  11. Agree completion date (date from you which you own the property)
  12. Exchange contracts and notify you that this has happened
  13. Send Transfer Deed to you for signature
  14. Arrange for all monies required to be received from lender and you
  15. Complete purchase
  16. Attend to payment of SDLT/LTT (Stamp Duty)
  17. Deal with application for registration at H M Land Registry

For an Initial Consultation With a Member of Our Team

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