Residential Conveyancing
Morgan Has Solicitors also provides a professional and personal service for clients buying, selling or re-mortgaging their leasehold or freehold properties. With expertise in all aspects of the Residential property services the process is made swift for all the parties involved even in the most difficult cases.
Our Residential Property team is regularly instructed in the following transactions:
- Buying and Selling Residential Property both Freehold and Leasehold
- Buying the Freehold of Leasehold Properties and Blocks
- Buying and Selling at Auction
- Lease Extensions
- Re-mortgaging
- Shared Ownership
- Right-to-Buy
- Estate Conveyancing
- Transfer of Equity
SERVICES PROVIDED
- Initial meetings to take your instructions, understand the nature and circumstances of your purchase or sale and understand your requirements and objectives.
- Advise you by giving a clear explanation of the issues involved, the conveyancing process and the options available to you.
- Agree with you the next steps to be taken in your matter.
- Verify the identity of the relevant parties to the transaction.
- Obtain documentation and any material relevant to the sale or purchase.
- Check the validity of title against lender’s requirements.
- Deal with enquiries.
- Deal with the drafting, exchange and signing of contracts.
- Carry out required searches.
- Lodge the appropriate documents with HM Land Registry
- Arrange for the payment of Stamp Duty Land Tax
- Remittance of the proceeds of sale.
FIXED FEE OPTION (Disbursements not included)
| Property Value | Fee Range |
|---|---|
| Up to - £500,000 | From £950 + VAT = £1140 |
| £500,000 - £1,000,000 | From £1200 + VAT = £1440 |
| Above £1,000,000 | From £1500 + VAT = £1800 |
HOURLY RATE OPTION (Disbursements not included)
- Directors and Senior Solicitors: £270 + VAT = £324
- Solicitors (Over 3 years) £200 + VAT = £240
- Solicitors (0-3 years) £180 + VAT = £216
- Caseworkers/Trainee solicitors £120 + VAT = £144
LIKELY DISBURSEMENTS
- Acting for lender £200.00 + VAT = £240
- New build surcharge £400.00 + VAT = £480
- Leasehold surcharge £250.00 + VAT = £300
- Local Authority Search From £30 + VAT = £36 to £1105 + VAT = £1326
- Land Registry Fee From £30 + VAT = £36 to £1105 + VAT = £1326 (Depending on Property Value)
LIKELY TIMESCALE
- Simple Freehold transactions: 6 – 10 Weeks.
- Complex conveyancing transactions 8 – 16 Weeks
PERSONS RESPONSIBLE FOR SUPERVISING AND CARRYING OUT YOUR WORK
- Supervision by a Head of Department.
- Work conducted by a Senior Solicitor.
- Assisted by Solicitors.
- Supported by Trainee Solicitors/Paralegal Caseworkers.