Solicitors in Holloway Road, North London - Specialising in Crime, Immigration & Nationality


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Residential Conveyancing and Probation Fees

Residential Conveyancing Fees

Dec 6, 2018

Residential Conveyancing


As part of the services Mordi & Co provide, Residential Conveyancing is undertaken by the firm.

Fees are as follows:

  1. Sale of a Freehold Property

  1. Standard Sale Fees from   £850.00 + VAT

  2. Official copies (approx) £6.00 - £15.00

  3. Telegraphic Transfer Fee £30.00 each

  4. Fee for planning Documents/FENSA etc (to be advised)

  5. Indemnity Policies if required (to be advised)

 

  1. Sale of a Leasehold Property

  1. Standard Fees from £950.00 + VAT

  2. Official Copies approx. £15.00 - £30.00

  3. Lessor’s /Management Agents Fees (to be advised)

  4. Telegraphic Transfer Fee £30.00 each

  5. Fees for copies of Planning documents/FENSA etc (to be advised)

  6. Indemnity Insurance Policies if required (To be advised)

 

  1. Purchase of Freehold Property

  1. Standard Fees from £950.00 + VAT

  2. Stamp Duty   (to be advised) This can be obtained from HMRC website

  3. Fee for the usual relevant local searches (to be advised)

  4. Official Searches £3.00 each

  5. Bankruptcy Searches £2.00 per person

  6. Land Registry fees (to be advised). This can be obtained from the Land Registry’s website

  7. Telegraphic Transfer Fee £30.00 each

  8. Fee for Indemnity policies if required (to be advised)

  9. There may be additional fees if the lender is separately represented

 

  1. Purchase of Leasehold Property

  1. Standard Fees from £1,050.00 + VAT

  2. Stamp Duty   (to be advised) This can be obtained from HMRC Website

  3. Fee for the relevant searches (to be advised)

  4. Official Searches £3.00 each

  5. Bankruptcy Searches £2.00 per person

  6. Land Registry fees (to be advised) this can be obtained from the Land Registry’s website

  7. Telegraphic Transfer fee £30 each

  8. Fee for Indemnity policies if required (to be advised)

  9. Fees for Notices of Transfer/mortgage (to be advised)

  10. There may be additional fees if the lender is separately represented

 

  1. Extending a Residential Lease (private agreement with Landlord)

  1. Acting for the Tenant.

  1. Our standard Fees from £850.00 + VAT

  2. Official Copies approximately £3.00 each

  3. Land Registry to be advised these can be obtained from the Land Registry website

  4. Telegraphic Transfer Fee £30.00 each

 

  1. Acting for the Landlord

  1. Our Standard Fees from £1000.00 + VAT

  2. Official Copies approx.  £15.00

  3. Surveyor’s fee (to be advised)

  4. Telegraphic Transfer fee £30.00 each

 

  1. Statutory Lease Extension

  1. Standard Fee from £1500.00 + VAT

  2. Official searches £3.00 each

  3. Land Registry (to be advised)

  4. Surveyor’s fee (to be advised)

  5. Land Tribunal fee (to be advised)

  6. Telegraphic Transfer Fee £30.00 each

 

  1. Acting for the Landlord

    1. Our standard Fees from £1800.00 + VAT

    2. Official Copies (approx.) £15.00

    3. Surveyor’s fees (to be advised)

    4. Telegraphic Transfer fee £30.00 each

 

 

Factors which may cause an increase to standard Fees

Fees may be the subject of an increase in the following situations: -

  1. The price of the transaction

  2. The complexity of the matter such as a defective title, a missing landlord and long and complex correspondence with solicitors and third parties

  3. The requirement for a policy of the Indemnity insurance

  4. The lack of planning permission/building regulations

  5. The transaction involves shared ownership

  6. Where a lender is separately represented

  7. Death of a party after exchange of contracts but before completion

  8. Failure to complete on the day of completion

 

 Key Stages in the  conveyancing in a standard purchase

  1. Attending you, checking your identity documents, taking clear instructions on the ability to purchase. Requesting monies on account for searches

  2. Replying to Estate Agents on receipt of Memorandum of Sale. Contacting solicitors for a draft Contract and supporting Transaction documentation.

  3. Perusing draft documents received from seller’s solicitors

  4. Applying for the various relevant searches

  5. On receipt of the searches raising pre-contract enquiries with the seller’s solicitors

  6. Attending you to consider the documents, the searches and the Surveyor’s Report.

  7. Attending you and advising you in respect of the mortgage offer and to sign the mortgage Deed, the Contract and agreeing possible dates for completion

  8. Receiving from you the 10% deposit or the amount accepted by the seller to exchange contracts.

  9. On your instructions, exchanging contracts, and reminding you to put property on risk

  10. Requesting the Mortgage advance from the Lenders or the Lender’s solicitors if Lenders are separately represented.

  11.  Submitting our Invoice and completion Statement requesting from you the balance of monies required to complete.

  12. Completing the purchase on the day of completion

  13. Completing the Stamp Duty Land Tax Return and paying the tax.

  14. Registering the transfer at the Land Registry.

  15. Sending Official Copies of the Register to the Lenders and any Original documents to you for safe keeping.

Time for the completion of the Process

A standard purchase will usually take an average 3 months but will depend on various factors such as:-

  1.  The number of links in the Conveyancing chain

  2. Whether you are a cash buyer

  3. The length of the mortgage application process

  4. The breakdown of a Conveyancing chain for any reason

  5. The property is being purchased Off Plan

  6. In a seller’s market a sudden raising of the purchase price at a crucial point.

  7. In the case of a leasehold property requiring an extension, a protracted leasehold correspondence.

 

Conveyancing Team


Avis Johnson.  A Solicitor and Partner.  She was admitted in 2000 with 18 years post qualifying experience.

Fitzgerald Corbin. Consultant Solicitor has Masters Degree from the London School of Economics and was admitted as a Solicitor in 1980.  He has 38 years post qualifying experience in Conveyancing.

Efuru Obua. Consultant Solicitor. She was admitted in Nigeria in 1991 as a Barrister and Solicitor. As a Solicitor in the UK in 1999.  Combined she has 27 years post qualifying experience.

 


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Mordi & Co Solicitors are authorised and regulated by the Solicitors Regulatory Authority No: 00362554. VAT Registration Number GB792321429. We are solicitors specialising in Criminal Law and Immigration Law based in Holloway Road, North London.

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