I am very pleased with Laker Legal firm, my Solicitor John Hirst, was extremely helpful throughout the drawing of my prenuptial agreement. A very professional and knowledgeable approach yet warm,and friendly enough to feel comfortable with in a situation that can be quite uncanny to discuss or uneasy as per say. Thankyou again!
Our Qualified Residential Team
Stephen Ogden and Jessica Blacow to-lead the property team and have over 30 years of experience of acting in the sale and purchase of residential property, including leasehold properties, apartments and new build properties.
Laker Legal Solicitors are members of the Law Society Conveyancing Quality Scheme which is a recognised quality standard for residential conveyancing practices. This ensures that Laker Legal have the expertise to deliver quality residential conveyancing advice.
Whether you are moving house, buying a home for the first time, selling property on behalf of an estate or via Power of Attorney our hard working, efficient and knowledgeable property Solicitors are constantly available throughout the process to keep you fully informed of the progress of the transaction at every step and to make sure that completion takes place as quickly as possible.
Legal Costs & Disbursements for Residential Sale and Purchases
We appreciate that clients will want the reassurance of a fixed price for their transaction including both Legal costs and disbursements and our online calculator can provide this to you.
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.
The fixed fee offered in relation to the conveyancing calculator entails all the works necessary to progress your sale or purchase to completion, including
- Taking initial instructions and dealing with verification of your identity to comply with Money Laundering Regulations.
- Check finances are in place to fund purchase and contact lender’s solicitors if needed.
- Obtaining the property title deeds and assisting you with the completion of the protocol questionnaires and standard forms.
- Preparing or reviewing a contract for sale.
- Dealing with all necessary works and actions relating to your mortgage or other secured loan (including the redemption of your subsisting mortgage if necessary).
- Investigation of title and review of all searches. Raising or dealing with pre-contract enquiries, including, where applicable, leasehold enquiries.
- Drafting or reviewing the Transfer Deed or any other necessary completion documents.
- Keeping you and other relevant third parties updated on the progress of the transaction throughout.
- Preparing a completion statement
- Dealing with the exchange of contracts and the completion formalities.
- Dealing with registration of title and any charges.
- Preparing and submitting the stamp duty land tax return.
Our fee assumes that:
This is a standard transaction and that no unforeseen matters arise. We may need to charge an additional fee for further work that is required.
In the event that there is additional work to your purchase or sale a additional fee will be quoted.
The situations that will result in an additional charge are listed below, all which include VAT.
Landlord/Leaseholder Deed of Certificate (Relevant Buildings under Building Safety Act) £300.00
Additional Management Company Involvement £180.00
Freehold Sale with Management Company involvement £240.00
Dealing with a property sold subject to a Tenancy Agreement £180.00
Dealing with an Unregistered Title/ First Registration £180.00
Additional Work required in relation to Restrictions on Title £180
Dealing with a third-party Lawyer (i.e. for a related sale) £180.00
Dealing with a Septic Tank / Private Drainage £234.00
Gift/Gifted Deposit (per Gift) £120.00
Redemption of Help to Buy Equity Mortgage / Other Equity Mortgage/ Private Charge £180.00
Shared Ownership purchases an additional fee of £420
SA bonus applications there will be an additional fee of £60 per application.
Once you obtain a written quote from our residential conveyancing team your quote for legal fees will be valid for 30 days.
Stamp Duty for Residential Purchases
You can also calculate any stamp duty you may have to pay when purchasing a property by using HMRC’s website.
Timescales
How long it will take from you accepting an offer until you can move out of your house will depend on a number of factors. The average process takes between 6-12 weeks.
It can be quicker or slower, depending on the number of parties in the chain and their circumstances. For example, if you are a first time buyer, purchasing a new build property which is build complete 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.
If you would like further information then please do not hesitate to get in contact with us.
