Purchase of a freehold residential property

 

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.  Please click here to obtain your instant conveyancing quote.

 

Conveyancer's fees and disbursements

Legal fee £625 to £5,000
Electronic money transfer fee £42 per transfer
VAT payable £125 to £1,000

Estimated total: £750 to £6,000


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 average process takes between 8-12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer with no chain, purchasing a freehold 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, on average between 3 and 6 months, and in some cases even longer. 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. However, some of the key stages are as follows:

  • 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

Our fees cover all 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 is in Wales.  Please click here to obtain your instant conveyancing quote.

Conveyancer's fees and disbursements

Legal fee £850 to £5,000
Electronic money transfer fee £42 per transfer
VAT payable £170 to £1,000

Estimated total: £1,020 to £6,000


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 average process takes between 12 – 16 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer with no chain, with a mortgage in principle, it could take 10 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, on average between 3 and 6 months, and in some cases even longer. In such a situation additional charges would apply.
 

Stages of the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, some of the key stages are as follows:

  • 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
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • 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
 

 

Sale of a freehold residential property – information on pricing

Our fees cover all the work* required to complete the sale of your home, including paying off all charges secured on the property
 

Conveyancer's fees and disbursements

  • Legal fee (please click here for more details) £625 to £5,000
  • Electronic money transfer fee £42 per transfer
  • VAT payable £125 to £1,000

Estimated total: £750 to £6,000
 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Official Copy Entry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply.

Official Copy Entry fees: £6 to £24

Subtotal: £6 to £24

*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.

Grand total depending on the price you are selling for is between: £678 and £3,066

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

  • Take your instructions and give you initial advice
  • Send out draft contract on receipt of initial documents
  • Obtain initial redemption figures on all charges secured on the property
  • Receive enquiries and reply to them
  • Send final contract to you for signature
  • Arrange for signing of draft Transfer
  • Agree completion date (date from which you will receive the sale funds)
  • Obtain final redemption figure
  • Provide completion statement
  • Complete purchase
  • Deal with redemption of charges

 

How long will my house sale take?

How long it will take from the offer being accepted until you can receive the sale proceeds will depend on a number of factors. The average process takes between 12 and 16 weeks. It can be quicker or slower, depending on the parties in the chain.

* 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;
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. A fee of £50 plus VAT and disbursements may apply if indemnity policies are required;
the land is registered. If it is unregistered, an additional fee of £295 plus VAT will be charged;
none of a declaration of trust, deed of variation or statutory declaration are required, (if one or other is needed, we will apply an additional charge, based on the additional work required, to prepare the necessary documentation).
 

Conveyancing Team

Our team has over 100 years of collective experience in delivering high quality work in all matters relating to conveyancing.
 

 

Sale of a leasehold residential property –
information on pricing

Our fees cover all the work* required to complete the sale of your home, including paying off all charges secured on the property. 
 

Conveyancer's fees and disbursements

  • Legal fee (please click here for more details) £850 to £5,000
  • Electronic money transfer fee £42 per transfer
  • VAT payable £170 to £1,000

Estimated total: £1,020 to £6,000
 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Official Copy Entry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. 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.

  • Official Copy Entry fees: £6 to £24

Subtotal: £6 to £24
 

Anticipated Disbursements*

  • Management Pack fees. These are to be paid to the managing agents or landlord to provide information and documents in relation to the property which is then forwarded to the buyer’s solicitor. The fees range from £100 to £500 per pack.

*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.

Grand total depending on the price you are selling for is between: £1,236 and £6,486

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

  • Take your instructions and give you initial advice
  • Send out draft contract on receipt of initial documents
  • Obtain initial redemption figures on all charges secured on the property
  • Obtain management pack and send to buyer’s solicitors
  • Receive enquiries and reply to them
  • Send final contract to you for signature
  • Arrange for signing of draft Transfer
  • Agree completion date (date from which you will receive the sale funds)
  • Obtain final redemption figure
  • Provide completion statement
  • Complete purchase
  • Deal with redemption of charges

    ‚Äč

How long will my house sale take?

How long it will take from the offer being accepted until you receive the proceeds of sale will depend on a number of factors. The average process takes between 12 and 16 weeks. It can be quicker or slower, depending on the parties in the chain.

* Our fee assumes that:

a. 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;

b. the transaction is concluded in a timely manner and no unforeseen complication arise;

c. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;

d. no indemnity policies are required. An additional fee of £50 plus VAT and disbursements may apply if indemnity policies are required;

e. the land is registered. If it is unregistered, an additional fee of £295 plus VAT will be charged;

f. none of a declaration of trust, deed of variation or statutory declaration are required, (if one or other is needed, we will apply an additional charge, based on the additional work required, to prepare the necessary documentation).
 

Re-mortgage of a freehold or leasehold residential property – information on pricing

Our fees cover all the work* required to complete the re-mortgage of your home, including dealing with registration at the Land Registry.
 

Conveyancer's fees and disbursements

  • Legal fee £499 (freehold fully inclusive)
  • Legal Fee £699 (leasehold fully inclusive)

Estimated total: £499 to £699
 

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. 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.

  • HM Land Registry fee (no VAT charged): £20 to £270 (Standard fee of £20.00 is included in the above all inclusive fee)
  • Search fees: £300 to £550 (If required by lender) or;
  • Alternative to searches is no search insurance £14.00 to £33.00

Subtotal: £334 to £853
 

Anticipated Disbursements*

  • Notice of Charge fee (if the property is leasehold) – This fee is set out in the lease. Often the fee is between £20 and £150.
  • Certificate of Compliance fee (if the property is leasehold) - To be confirmed upon receipt of the lease, as can range between £50 and £150.
  • Obtain ground rent receipt and buildings insurance confirmation from landlord - £10 to £400

*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.

Grand total depending on the price you are paying, between: £1,446 and £2,252

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

  • Take your instructions and give you initial advice
  • Check finances are in place
  • Obtain redemption figure for existing mortgage, if appropriate
  • Obtain landlord fees and requirements if a leasehold property
  • Carry out searches
  • Obtain further planning documentation if required
  • Go through conditions of mortgage offer and sign mortgage deed
  • Obtain pre-completion searches
  • Agree completion date (date from when the new mortgage will take effect)
  • Arrange for all monies needed to be received from lender
  • Complete re-mortgage
  • Deal with application for registration at Land Registry
  • Deal with landlord’s requirements if a leasehold property
     

How long will my re-mortgage take?

How long it will take from you getting a mortgage offer to completing the re-mortgage will depend on a number of factors. The average process takes between 6 and 8 weeks. It can be quicker or slower, depending on the individual lenders.

* 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
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. An additional fee of £50 plus VAT and disbursements may apply if indemnity policies are required.
the land is registered. If it is unregistered, an additional fee of £295 plus VAT will be charged
 

Conveyancing Team

Our team has over 100 years of collective experience in delivering high quality work in all matters relating to conveyancing.

We have eight members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Harvey Pabla, Partner and Head of residential conveyancing.


The Conveyancing Team:

  • Harvey Pabla, Partner – over 25 years’ experience in conveyancing.

Having joined Yates & Co in the summer of 1995 for two weeks work experience after successfully completing his Law Degree in 1994 and The Legal Practice Course in 1995 Harvey was happy to secure a foothold within the legal sector at a time when opportunities were scarce. After having been impressed with the Firm he was eager to extend his work experience for a further few months, thankfully the opportunity did arise and following a much enjoyed trial period Harvey was offered a Training Contract. Qualifying in 1997 and managing to progress quickly Harvey was delighted to become a Partner at the Firm at the age of 27 in 1999. Since qualifying in 1997 Harvey has specialised in residential and commercial conveyancing, property investment (buy to let), buying and selling at auction, leasehold property, re-mortgages, transfers of title, declarations on trust, wills and probate, business leases, licences and buying and selling business property. Since joining the firm Harvey has helped thousands of families and individuals.

  • Jackie Pabla, Partner – over 30 years’ experience in conveyancing.

Having started her career as a legal secretary in 1981 at Page & Co solicitors Jackie progressed quickly and began dealing with conveyancing transactions from 1990 onwards. Jackie qualified as a Fellow of the Institute of Legal Executives in 2001 and become a Partner at the firm in 2008. For over 30 years Jackie has helped thousands of families and individuals. Jackie specialises in residential conveyancing including leasehold property, re-mortgages, transfers of title, declarations on trust.

  • Lynn Billyeald, Consultant Solicitor – over 35 years’ experience in conveyancing.

Lynn was admitted as a solicitor over 40 years ago and has considerable experience in private client work, specialising in residential property. Lynn has continued to work principally in residential property, beginning her career at what was a local firm Wells & Hind, later to become part of Eversheds. She stayed in the Nottingham area working with city centre firms until joining our firm in 2017. Throughout her career Lynn has helped thousands of families and individuals. Lynn has completed conveyancing professional development courses in residential property.

  • Luke Bignall, Associate Legal Executive – over 15 years’ experience in conveyancing.

Luke joined the firm in 2007 starting as a conveyancing assistant having previously worked at Craig and Sweet Solicitors since 2005. He qualified as a Paralegal Member (formally Associate Member) of the Chartered Institute of Legal Executives (CILEx) in 2009 and continues his studies though CILEx Law School. His experience from working from the ground up means that he has a wealth of skill and knowledge of the conveyancing process and is regularly instructed in relation to house sales and purchases (freehold, leasehold and unregistered), new build purchases, re-mortgages, transfer of equity and help to buy. Throughout Luke’s time at the firm he has helped thousands of families and individuals.

  • William Danvers, Associate Solicitor  – over 5 years’ experience in conveyancing.

William joined Yates & Co in 2007 as a part-time office junior whilst studying for his A-Levels and has remained with us from that point. After completing his Law Degree at the University of Nottingham in 2012 William then joined our staff full-time initially practicing private client work. Upon beginning his Legal Practice Course at Nottingham Law School in 2017 William transitioned into the Conveyancing Department where he has worked since. Following the successful completion of his LPC in 2019 and then his Training Contract in early 2021 William became an Associate Solicitor and spends his time managing multiple conveyancing matters ranging from standard sales and purchases to leasehold matters and new builds. Throughout William’s time at the firm he has helped hundreds of families and individuals.

  • Shehbaz Bhatti, Associate Solicitor – over 5 years’ experience in conveyancing.

Shehbaz is an experienced Property Solicitor. He graduated from the University of Derby with Joint Honours in Law with Criminology after which he successfully completed his Graduate Diploma in Law from Birmingham City University and subsequent Legal Practice Course in 2019. Shehbaz has a strong background in Conveyancing having worked in both regional and city firms dealing with multifarious property transactions. His skillset in residential Conveyancing is wide-ranging and he is regularly instructed in relation to house sales and purchases (freehold, leasehold and unregistered), new build purchases, re-mortgages, transfer of equity and help to buy. He has acquired an extensive knowledge of the Nottinghamshire area and has developed key relationships with local agents, professionals and businesses engaged in the property market. Being trilingual (Hindi, Urdu & Punjabi) Shehbaz can offer clients a wealth of expertise in residential Conveyancing and has represented a diverse range of clientele who appreciate the unique assistance in a property transaction. Shehbaz has helped hundreds of families and individuals throughout his career.

  • Kieran Westby, Conveyancing Executive – over 5 years’ experience in conveyancing.

Kieran joined the firm full-time in 2010, before leaving for university in 2012 to study and obtain a degree in Accounting and Finance. Kieran graduated in 2015 and returned to Yates & Co in 2015 to become a junior fee earner dealing with residential sales. From there Kieran has progressed within the firm and now deals with a variety of residential conveyancing matters including freehold and leasehold sale and purchases, re-mortgages and transfers of equity. Throughout Kieran’s time at the firm he has helped hundreds of families and individuals.

  • Michael Palmer – Trainee Solicitor

Michael has a Degree in Law and a Masters Degree in Law from Nottingham Trent University. After completing his Legal Practice Course with Nottingham Law School, he began his training contract with us in July 2021. He has over 5 years of experience in Private Client and he is responsible for looking after the Wills and Probate team at Yates and Co Solicitors.

  • Asma Danvers – Conveyancing Assistant

Asma joined Yates & Co in 2017 as a full-time Paralegal and Administrative Assistant after graduating with a BA in Italian and English from Nottingham Trent University.  Initially, Asma worked in our Family Law Department where she prepared documents for court and assisted the Fee Earners with client management.  In 2018, she began assisting the Conveyancing Department by processing client paperwork, applying for searches, undertaking post-completion tasks and liaising with third parties such as lenders and the Land Registry. Asma was also simultaneously working to complete an MA in Translation at the University of Bristol, which she successfully obtained at the end of 2018.  Since 2020, Asma has been working as a Conveyancing Executive under the supervision of the Partners, dealing with a number of her own freehold and leasehold sales from initial instruction through to completion.

Expert legal advice you can rely on,
get in touch today:

Please let us know you are not a robot