Conveyancing solicitors in Ashington or Blyth

Conveyancing

Your matter will be attended to by a qualified solicitor, of at least 10 years experience, with the additional assistance of support staff, such as legal secretaries. 

Residential Sale

The steps involved in the sale of your property will include the following for freehold properties anything which relates to only leasehold properties is italicised:

• If the title to your property is unregistered, we will ask you to supply your title deeds. It is likely however that your property will be registered, and if it is, we can obtain title documents from HM Land Registry electronically.
• Once you have instructed us to proceed, we will send to you a short questionnaire and the relevant protocol forms (property information form, and a fittings and contents form and a leasehold information form) for completion;
• Once we have received your completed paperwork, along with the memorandum of sale from the selling agents (or details of the buyer’s solicitors from you if it is private sale) and requested, paid for and received the Leasehold Information Pack from the managing agents and/or freeholder, we will prepare the contract pack for the buyer’s solicitors.
• As soon as your buyer is in a position to proceed (that is once they have concluded their financial arrangements and completed survey and enquiries, and all relevant searches), we shall discuss with you and agree with your buyer’s solicitor a suitable completion date for your sale. We will obtain up-to-date figures from the managing agents and/or freeholders to enable us to calculate apportionments and prepare a completion statement showing the amount due from the buyer’s solicitor. If you have a related purchase, we will also need to agree this date with your seller’s solicitor.
• Once contracts have been exchanged there is a legally binding agreement between you and your buyer for the sale and purchase of your property and you have to complete on the date agreed in the contract.
• On the completion date we will notify you once the sale proceeds are received and advise your estate agent if the sale was negotiated by them and pay their account. We will also pay off any mortgage which you have secured on your property, and either return the net proceeds to you or apply those funds to your related purchase.

The steps involved in purchasing your property will include some or all of the following:

• approving the contract and if required, negotiating amendments;
•   reviewing the legal title to the property;
•   undertaking searches and raising enquiries;
•   reviewing your funding arrangements;
•  reporting to you on our investigations;
•   acting on behalf of, and reporting to your lender;
• accounting to you with a completion statement and requesting monies from you;
•   exchanging contracts and undertaking pre-completion searches;
•   completing the purchase for you, paying the purchase price and any monies agreed for any items to the seller’s solicitors;
• submitting your stamp duty land tax return to HM Revenue and Customs and paying any duty owed;
•   registering your ownership of the property with HM Land Registry;
•   sending copy documents to you following registration together with any other documents which you may need when you come to sell the property.

Residential Property both Freehold and Leasehold

Our fees for a typical residential Conveyancing transaction range from around £400 plus VAT for a simple transaction to around £750 plus VAT for a more complicated transaction, but is also affected by the cost of the property itself. These figures may however vary in cases with special complications. That's why we will always give you an individual cost estimate at the start of the transaction, taking into account the actual features of your specific circumstances.

If the work you have asked us to do proves to be more difficult or time consuming than we first envisaged because of factors of which we are currently unaware, or should your instructions change, or if you require additional work and advice, we will need to revise our estimate.

We work on a set fee which is quoted at the start of the transaction once we have taken details of your specific transaction to enable us to give you the exact cost.

Disbursements and other costs

Disbursements are costs related to your matter that are payable to third parties, such as search fees on purchases or Land Registry copy documents on sales. We will handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements and other costs we anticipate will apply are set out below for. This list is not exhaustive and other disbursements may apply. When we give an estimate of the costs we also list the specific disbursements we expect for your specific transaction.

• Search fees in the region of £230.00 to £400.00 (plus VAT where applicable)
• HM Land Registry fee – this is a scale fee set by the Land Registry and will depend upon the value of the property.
• Electronic money transfer fee (per transfer) £30 including VAT.
• Stamp Duty Land Tax - This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website.
• Land Registry copy title documents - £3.00 per document required.
• Landlord/management company standard information pack – this fee will vary according to the landlord/management company and is often between £200 - £350 (plus VAT where applicable).