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Conveyancing

Buying or selling your home should be one of the most exciting experiences during your lifetime but at Bowden Jones Solicitors we know how stressful in reality this process can be. Our team are committed to making your Conveyancing process as smooth and hassle free as possible.

The dedicated Residential Property Team at Bowden Jones Solicitors always focus on giving a personal service with the highest quality advice. The use of our online Case Management System ensures that any member of our Team can provide up to date details of your transaction and deal with any queries that you might have both quickly and efficiently. We will make the buying and selling of your home as stress free as possible and our promise is that we will always keep you updated and be available to discuss your transaction at any time.

Our services include:

  • Buy to Let
  • Buying & Selling a Property.
  • Joint Ownership/Transfer of Ownership
  • Leases
  • Land Acquisitions
  • Landlord & Tenant Disputes
  • Re-Mortgages
  • Tenancy Agreements.

Residential Conveyancing

We at Bowden Jones know that buying or selling your home is likely to be one of the most exciting experiences during your lifetime, but we also know that it can be one of the most stressful.

Our dedicated Team of experienced and friendly property lawyers however, are committed to assisting and guiding you throughout the process to ensure it proceeds as smoothly and swiftly as possible.

We pride ourselves in delivering to our clients a personal and proactive service whilst giving the highest quality advice.   We also understand the importance of communication and as such, seek to provide regular matter updates and our Team are always on hand to answer queries that may arise.

In addition to your sale and purchase, we also offer services to assist you with the following:

  • Remortgages
  • Transfers of Equity
  • Buy to Let
  • Advising on joint ownership
  • Lease Extensions
  • Land Acquisitions
  • Equity Release

Pricing

We wish for our clients to be aware, from the outset, of the likely expenses incurred in connection with their property matter and as such, our legal fees are fixed with no hidden charges.  Our Property Team is committed to providing a personal and quality service and our fixed fees reflect this.

For more information on our purchase, sale and remortgage fees, price transparency, key stages and timescales, please see below.

For a free, no obligation, quote, please click “Get Your Quote” below or to speak with a member of our Property Team call us on 02920 484 550 or email us on conveyancing@bowdenjones.co.uk

Please click the button below to get your instant quote:

 

Property Purchases

Freehold & Leasehold Costs

Our costs in acting for you are made up of our legal fees and third party fees (known as disbursements).

Legal Fees

Our legal fees cover the legal work required by us to complete your property purchase, including investigation of the legal title, searches and mortgage, exchange, completion, submission of property tax (Stamp Duty Land Tax (SDLT) if the property is in England or Land Transaction Tax (LTT) if the property is in Wales) and registration of your ownership at the Land Registry.

Our legal fees start at £550 plus VAT.  For a breakdown of our estimated costs in acting for you in your transaction, including our legal fees, please insert all relevant information into our Quoting Calculator.

Disbursements

Disbursements are costs related to your matter that are payable to third parties.  We handle the payment of disbursements on your behalf to ensure a smoother process.

Disbursements include the following (incl VAT):

  • Anti-Money Laundering ID Check Fee (per client)             £4.00
  • Searches (Local, Drainage & Environmental) (approx)             £120.00
  • Bankruptcy Search Fee (per name)             £2.00
  • Land Registry Search Fee (per title)             £3.00
  • Stamp Duty Land Tax or Land Transaction Tax             TBC

(Please see section below)

  • Land Registry Registration Fee                                                 £20.00-£455.00

(See below – Dependent upon Value/Price of Property)

  • Land Charges Search Fee (unregistered property) (per name) £2.00

Leasehold Disbursements (excl VAT) approx:

If the property you are purchasing is leasehold, there may also be additional disbursements which are set by the Landlord/Management Company and often only known after the transaction has commenced.  However, as a rough guide and subject to confirmation, see as follows:

  • Notice of Transfer / Mortgage Fee       £100.00 – £200.00
  • Deed of Covenant Fee                            £150.00 – £250.00
  • Certificate of Compliance Fee             £100.00 – £200.00

We also refer you to “Leasehold Properties” Section below.

Stamp Duty Land Tax (SDLT) (for English properties) or Land Transaction Tax (LTT) (for Welsh properties)

Purchasers of a property are subject to the property tax regime applicable to the country where the property is located.

The amount of property tax that you pay on completion depends on the purchase price of your property and how many properties/interests in properties each buyer will have at the end of the day of completion of the purchase.

HM Revenue and Customs collect SDLT and the Welsh Revenue Authority collect LTT.  We shall pay on completion to HMRC or WRA, as applicable, the property tax accordingly to our calculations.  However, please note that property tax is a personal liability and it is your responsibility to ensure that the correct amount of tax is being paid.  If you wish for clarity or have any queries on the amount of property tax due, you should consult with a Tax Expert/Adviser in advance of exchange of contracts.  We would refer you to the following websites for the relevant calculators for Tax:

HMRC (English Properties):

https://www.gov.uk/stamp-duty-land-tax/residential-property-rates; or

Welsh Revenue Authority (Welsh Properties):

https://lttcalculator.wra.gov.wales/

Land Registration Fee

After completion, we shall submit an application to Land Registry to register your purchase and mortgage (where applicable).

The Registration Fee is based on the purchase price on an incremental scale ranging from £20.00 to £455.00.  The fee will be discounted where the application can be lodged electronically (which we always endeavor to do) however, be aware that in some instances i.e. registrations of transfers of part or new leases, the full registration fee will be due.

Leasehold Properties

Where the property being purchased is leasehold, the Lease for the property will set out whether any additional costs apply.  Such costs are likely to relate to Notices, Deeds and Certificates due to the Landlord and/or Management Company however, this is not an exhaustive list and other costs may apply depending on the terms of the Lease.  Whilst we have provided an estimate of the costs – see “Disbursements” above – please note that they do vary depending on the property and can be significantly less or significantly more than our estimates above.  We shall provide you with clarity on these specific costs upon receipt and review of the Lease and Landlord/Management Company Packs, once received.

Be aware that Ground Rent and Service Charges will also likely be payable for the property during your ownership as per the terms of the Lease.  Again, these will be set out in the Lease and Landlord/Management Company Sales Pack.

How long will my property purchase take?

Whilst the average transaction can take between 10 – 12 weeks, this can be shorter or longer depending on a variety of factors.

The length of time from acceptance of your offer until you collect the keys to the property, and move into your new house (if applicable), will depend on a number of factors such as, but by no means exclusively, requirements of mortgage funding, surveys, searches, new builds, the number of parties in the chain and their respective circumstances, if the property is Leasehold or requires a lease extension and any title defect.

We shall however, endeavor to keep you updated throughout the process.

Stages of the Process

The stages involved in a purchase transaction can vary accordingly to the circumstances of each case however, the key stages are as follows (please note the weekly timeline is a guide only):

Instructions (Weeks 1- 3)

  • You instruct us to act on your behalf;
  • We send you to consider, complete and return our Initial Client Care Pack, explaining our Costs, Terms of Business, advising on joint ownership (if applicable);
  • You provide us with monies on account, evidence of source of funds and your proof of identity as part of our due diligence checks;
  • We carry out conflict of interest checks against all parties to the transaction;
  • We receive Sales Particulars from the Estate Agents (if involved) and request Contract papers from the Seller’s solicitors.

Investigation of Title (Weeks 4-8)

  • Once received from the Seller’s Solicitors, we review the Contract papers (including Landlord/Management Company Sales Pack if Leasehold), raise necessary enquiries with the Seller’s solicitors and report to you;
  • We order relevant searches, report to you on the results once received and raise any necessary additional enquiries with the Seller’s solicitors;
  • We review the Seller’s replies once received and report to you on the same;
  • We send you the Contract for signature and return;
  • We check that finances are in place to fund purchase i.e. cash or mortgage. If a mortgage is required, upon receipt of our copy Offer, we review the same, report to you, satisfy the Lender’s requirements and forward the mortgage deed to you for signature and return.

Pre-Exchange – Exchange of Contracts (Week 9)

  • Once Title, Searches and Mortgage (if any) are satisfactory and if you are happy to proceed we agree with the Seller a Completion Date (date from which you own the property);
  • We send you the Transfer Deed for signature and return;
  • We provide you with our Completion Statement setting out the monies required from you to complete (incl Deposit) and await receipt of the same from you in cleared funds;
  • We carry out our pre-completion searches, request mortgage funds (if any) and await from you your arranged Building Insurance Policy Schedule;
  • After obtaining your Authority to Exchange and the Deposit, we exchange Contracts with the Seller’s Solicitors (legally binding both Buyer and Seller to the Contract and to complete on the agreed Completion Day).

Post-Exchange – Completion (Weeks 10-11)

  • We receive the Seller’s Solicitors Completion Information and carry out final due diligence checks;
  • We await receipt of mortgage funds from your Lender (and yourself, if not provided in full already);
  • On Completion Day, the purchase monies are sent to the Seller’s Solicitors. Once received, we confirm completion has taken place whereupon the property is yours and you can collect the keys to the house.

Post Completion (Week 12)

  • We arrange payment of Stamp Duty Land Tax/Land Transaction Tax (if any);
  • If Leasehold, we submit the necessary documents to the Landlord/Management Company;
  • We apply to register your ownership of the property at Land Registry;
  • We send you evidence of your ownership once received from Land Registry along with any deeds and other documents received from the Seller’s Solicitors.

Property Sales

Freehold & Leasehold

Costs

As for our Purchase transactions, our costs in acting for you on a sale are made up of our legal fees and third party fees (known as disbursements).

Legal Fees

Our legal fees cover the legal work required by us to complete the sale of your Property including preparing the contract pack, dealing with Buyer’s enquiries, exchange, completion, redemption of any mortgage and payment of the Estate Agents fee (if any).

Our legal fees start at £550 plus VAT.  For a breakdown of our estimated costs in acting for you in your transaction, including our legal fees, please insert all relevant information into our Quoting Calculator.

Disbursements

Disbursements are costs related to your matter that are payable to third parties.  We handle the payment of disbursements on your behalf to ensure a smoother process.

Disbursements include the following (including VAT):

  • Anti-Money Laundering ID Check Fee (per client) £4.00
  • Office Copy entries (per title) £6.00
  • Search Index Map (unregistered property) £4.00
  • Land Charges Search Fee (unregistered property) (per name) £2.00

Leasehold Disbursements (excl VAT) approx:

  • Landlord and/or Management Company Sales Pack £300.00-500.00

Landlord/Management Company Sales Pack

If your Property is leasehold, we will need to obtain from the Landlord and/or Management Company their Sales pack which is required by the Buyer’s Solicitors in order to investigate title to the Property on the Buyer’s behalf.  The cost of each respective Sales Pack varies between different Landlord/Freeholders and Management Companies however, can on average be as stated above although can on occasion be significantly more or less.  We shall advise you of the exact cost upon receiving confirmation from the Landlord and/or Management Company.  We will require from you the specified sum prior to us requesting any Sales Packs.

How long will my house sale take?

The average transaction can take between 10 – 12 weeks however, this can be shorter or longer depending on a variety of factors.

The length of time from you accepting the Buyer’s offer until completion will depend on a number of factors such as, but by no means exclusively, if the Buyer requires a mortgage, delays with the Buyer’s searches, surveys, the number of parties in the chain and their respective circumstances, if the property is Leasehold or requires a lease extension and any title defect.

We shall however, endeavor to keep you updated throughout the process.

Stages of the Process

The exact stages involved in a sale transaction can vary accordingly to the circumstances of each case however, the key stages are as follows (please note the weekly timeline is a guide only):

Instructions (Weeks 1-2)

  • You instruct us to act on your behalf;
  • We send you to consider, complete and return our Initial Client Care Pack, explaining our Costs and Terms of Business;
  • We send you to complete and return Property Protocol Forms;
  • You provide us with initial monies on account and your proof of identity as part of our due diligence checks;
  • We carry out conflict of interest checks against all parties to the transaction;
  • We receive Sales Particulars from the Estate Agents (if involved) and confirm our instruction to the Buyer’s Solicitors.

Deduction of Title (Weeks 3-8)

  • We obtain evidence of your ownership of the Property, prepare the Contract Pack and issue to the Buyer’s Solicitors;
  • If Leasehold, we take steps to request the Freeholder/Management Company Sales Pack/s and forward to the Buyer’s Solicitor once received;
  • We request an initial redemption statement from your mortgage Lender (if any);
  • The Buyer’s Solicitor raises enquiries following consideration of the Contract Pack;
  • The Buyer’s Solicitors requests searches (raising additional enquiries upon receipt of the results) and obtains the Buyer’s mortgage offer;
  • We liaise with you to satisfy the Buyer’s enquiries raised (if any);
  • We forward to you the approved Contract and Transfer Deed for signature.

Pre-Exchange – Exchange of Contracts (Week 9)

  • If all parties are ready, we agree with the Buyer’s Solicitors a Completion Date (date when the property is legally transferred to the Buyer);
  • We obtain a final redemption statement from your mortgage Lender (if any) and Estate Agents Invoice (if any);
  • We provide you with our Completion Statement detailing the amount due back to or due from you to complete the transaction;
  • After obtaining your Authority to Exchange, we exchange Contracts with the Buyer’s Solicitors (legally binding both Buyer and Seller to the Contract and to complete on the agreed Completion Day).

Completion (Weeks 10-11)

  • We supply Completion Information to the Buyer’s Solicitors;
  • On Completion Day, we receive the sale monies from the Buyer’s Solicitors to complete and confirm to them, you and the Estate Agents (if any);
  • Keys are handed over to the purchaser via the Estate Agents (if any) or as per alternative arrangements;
  • We redeem your mortgage (if any), pay the Estate Agents (if any) and any other sums owing to the Freeholder/Management Company (if Leasehold) or otherwise;
  • The net proceeds of sale are distributed;

Post-Completion (Week 12)

  • We await confirmation from your mortgage Lender (if any) of redemption of their mortgage.

Property Remortgage

Freehold & Leasehold

Costs

Our costs in acting for you on your remortgage are made up of our legal fees and third party fees (known as disbursements).

Legal Fees

Our fees cover all of the work required to complete the remortgage of your Property, including review of title to the property, dealing with search requirements, review of mortgage offer, completion, redemption of any existing mortgage and registration of your new mortgage at the Land Registry.

Our legal fees start at £550 plus VAT.  For a breakdown of our estimated costs in acting for you in your transaction, including our legal fees, please insert all relevant information into our Quoting Calculator.

Disbursements

Disbursements are costs related to your matter that are payable to third parties.  We handle the payment of disbursements on your behalf to ensure a smoother process.

Disbursements include the following (including VAT):

  • Anti-Money Laundering ID Check Fee (each) £4.00
  • Searches (if required by new Lender)                         £120.00
  • Search Insurance (in place of searches if possible) £15.00-£112.00
  • Office Copy entries (per title) £6.00
  • Bankruptcy Search (per name) £2.00
  • Land Registry Search Fee (per title) £3.00
  • Land Registry Registration Fee – See below £20-125.00

Leasehold Disbursements (excl VAT) (approx.) – see below

  • Notice of Mortgage / Transfer Fee £100.00 – £200.00
  • Certificate of Compliance Fee £100.00 – £200.00

Searches/Search Insurance

Some mortgage Lender’s require full searches (local, drainage and environmental) to be conducted as part of the checks to ensure the property being mortgaged forms suitable security for their loan given.  If so, the cost stated above is likely to be incurred (subject to variations based on property location).  We can advise you more specifically once the property address is known.

In some instances, mortgage Lender’s accept Search Insurance in place of full searches.  Search Insurance covers insured parties against specified loss arising from matters which arise after the Policy is put on cover but would have been known had full searches been undertaken.  The cost (premium) of search insurance depends on the value of the Property on a incremental scale.  The cost range stated above deals with properties up to £1,000.000.00.  We can advise you of the suitability of Search Insurance and cost specific to your Property as your matter progresses.

Land Registry Registration Fee

Following completion of your remortgage, we shall register the new charge at Land Registry.

The Registration Fee payable to Land Registry is based upon several factors such as the amount of the new loan being secured, whether there are any further advances and if the remortgage supports another application.  The Fee is on an incremental scale ranging from £20.00 – £125.00.  The Fee will be discounted where the application can be lodged electronically (which we always endeavor to do) however, be aware that in some instances i.e. registrations of transfers of part or new leases, the full registration fee will be due. We shall advise you more specifically one we have details of your matter.

Leasehold Properties

If your Property is leasehold, the Lease will set out whether any additional charges apply on remortgage e.g. Notice of mortgage, certificate of compliance due to the Landlord and/or Management Company.  This is not an exhaustive list and other disbursements may apply depending on the terms of the Lease for your Property.  Whilst we have provided above an estimate of the costs, please note that they vary depending on the property and can be significantly less or significantly more than our estimates above.  We shall provide you with clarity on these specific costs upon review of the Lease.

How long will my remortgage take?

On average, the length of time it will take from applying for your new mortgage to release of funds on completion can be approximately 4 – 6 weeks however, this could be shorter or longer depending on factors such as, but by no means exclusively, any simultaneous change of property ownership, the complexity of your mortgage lender’s requirements, searches, if the property is leasehold, any title defects.  We shall endeavour to keep you apprised during the process

Stages of the Process

The exact stages involved in a remortgage can vary depending on the circumstances of your case however, the key stages of the process are as follows (please note the weekly timeline is a guide only):

Instructions (Weeks 1- 2)

  • You instruct us to act on your behalf;
  • We send you to consider, complete and return our Initial Client Care Pack, explaining our Costs, Terms of Business;
  • You send us initial monies on account and proof of identity as part of our due diligence checks;
  • We carry out conflict of interest checks against all parties to the transaction;

Investigation of Title & Mortgage (Weeks 3-4)

  • We obtain an up to date copy of the Title/Deeds for the property, review the same and liaise with you regards any matters revealed;
  • Where the property is leasehold, we obtain and review the Landlord and/or Management Company Transfer Pack and attend to any requirements;
  • We order searches (if required), review and report to you once results are received. Alternatively, we discuss with you suitability of Search Insurance;
  • We review and report to you on your Mortgage Offer received from your Lender and deal with any requirements they have, We also send you the Mortgage Deed to sign and return;
  • We obtain an initial redemption statement from your existing mortgage lender (if any);

Pre-Completion (Week 5)

  • Once Title, Mortgage and Searches/Insurance are satisfactory, we agree a Completion Date;
  • If the property ownership is also changing, we forward to you the Transfer Deed for signature and return;
  • We request a final redemption statement from your existing mortgage lender (if any);
  • We provide you with our Completion Statement detailing the balance due back to you on Completion or due from you (if applicable);
  • Pre-completion searches are carried out, we request mortgage funds and await from you the Building Insurance Policy Schedule (unless Leasehold);

Completion – Post Completion (Week 6)

  • On Completion Day, the new mortgage funds are received from your mortgage lender, we redeem your existing mortgage (if any) and transfer the net remortgage proceeds to you (if any) to effect completion;
  • After Completion, if leasehold, we submit the necessary documents to the Freeholder/Management Company;
  • We register your new mortgage at Land Registry and send you evidence once received from them.

Contact our Conveyancing Team for a consultation on 02920 484550 or email us on enquiries@bowdenjones.co.uk

Please click the button below to get your instant quote:

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