As part of the wider Ringley Group we are immersed in all aspects of property so our drafting will help avoid all the usual pitfalls.
Conveyancing
Conveyancing
“As part of the wider Ringley Group we are immersed in all aspects of property so our drafting will help avoid all the usual pitfalls.”
We facilitate a wide range of property transactions for both buyers and sellers. This includes acquisition of development sites and plot sales for each legal completion.
Conveyancing
In law, conveyancing is the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. At Ringley Law we specialise in residential conveyancing where we bring about effective transfer of the property ownership and provide just the right assistance to all vendors and buyers in the property transactions.
We can also deal with mortgages and remortgages, however where your lender will insist on their own advice from a member of their panel, this may incur their separate charge. We have specialist solicitors who have the expertise deal with a wide variety of residential conveyancing tasks and at a highly competitive rate.
Stages of the Transaction
Set out below are some of the key stages involved in different types of transactions. These will, of course, vary depending on the transaction and are a guide only.
Purchase
Sale
Refiance
Purchase
- Obtaining your instructions and ID documents;
- Checking that your financial arrangements are in hand and obtaining source of funds;
- Receiving the contract pack from the seller’s solicitor;
- Undertaking investigation on title to include obtaining property searches and reviewing the seller’s solicitor’s contract pack (to include reviewing the lease for a leasehold transaction);
- Review Management Pack (only for a leasehold transaction);
- Raising pre-contract enquiries;
- Negotiating and finalising the wording for the Contract:
- Reporting to you.
- With regard to your mortgage (if applicable):
- Receiving your lender’s instructions and mortgage offer and reviewing the same;
- Dealing with your lender’s requirements;
- Reporting to you on the terms of the mortgage documents;
- Reporting to your lender;
- Requesting funds;
- Carrying out a priority search and bankruptcy searches (if applicable);
- Drafting the Transfer Deed;
- Negotiating and finalising the wording for the Transfer Deed;
- Drafting requisitions on title;
- Completing the Purchase;
- Completing your Stamp Duty Land Tax Return, submitting the same to HMRC and paying the tax due;
- Completing the Notice of Transfer and Charge (if applicable in leasehold transactions);
- Registering the Transfer Deed and Mortgage (if applicable) at the Land Registry.
Sale
- Obtaining your instructions, ID documents and completed property information forms;
- Obtaining title documents from the Land Registry;
- Drafting the Contract for sale;
- Obtain a Management Pack (for a leasehold sale only)
- Putting together a contract pack to send to the buyer’s solicitor to include title documents e.g. Lease (if leasehold sale), official copy entries, protocol forms and any other relevant documents;
- Receiving and dealing with pre-contract enquiries;
- Negotiating and finalising the wording for the Contract;
- Exchange of Contracts;
- Negotiating and finalising the wording for the Transfer Deed;
- Dealing with replies to requisitions on title;
- Applying for a redemption statement (if applicable);
- Completing the sale;
- Dealing with redemption and discharge of any existing charges at the Land Registry (if applicable);
- Paying the estate agent (unless it is a private sale).
Refiance
- Obtaining your instructions and ID documents;
- Undertaking investigation on title to include obtaining property searches;
- Obtaining information in relation to the property from you;
- Obtaining management information in relation to the property;
- Receiving your lender’s instructions and mortgage offer and reviewing the same;
- Dealing with your lender’s requirements;
- Reporting to you on the terms of the mortgage documents;
- Reporting to your lender and requesting the mortgage advance;
- Carrying out pre-completion searches;
- Registering the bank’s Mortgage at the Land Registry;
- Redeeming and discharging any existing mortgages registered against the property."
Conveyancing Fees
Price Legal costs exclusive of VAT (which is charged at 20%)
>£400,000.00 £1000.00 – £1250.00
£400,001.00 – £500,000.00 £1100.00 – £1350.00
£500,001.00 – £600,000.00 £1200.00 – £1500.00
£600,001.00 – £700,000.00 £1300.00 – £1600.00
£700,001.00 – £800,000.00 £1400.00 – £1700.00
£800,001.00 – £900,000.00 £1500.00 – £1800.00
£901,000.00 – £1,000,000.00 £1600.00 – £1900.00
>£1,000,001.00 Price quoted on application
The above-mentioned figures are based on the following assumptions:
- The matter proceeds in the usual timeframe way and is not expedited.
- The matter does not become overly complicated
- There is a reasonable level of communication between us.
The above fees are not an exhaustive list and fees are subject to change if more than the usual amount of work is needed.
Disbursements
Land Registry searches - £3
Registration fees - At least £20
We facilitate a wide range of property transactions for both buyers and sellers. This includes acquisition of development sites and plot sales for each legal completion.
Please contact info@ringleylaw.co.uk for more information
Conveyancing Fees
Price Legal costs exclusive of VAT
>£400,000.00 £1000.00 – £1250.00
£400,001.00 – £500,000.00 £1100.00 – £1350.00
£500,001.00 – £600,000.00 £1200.00 – £1500.00
£600,001.00 – £700,000.00 £1300.00 – £1600.00
£700,001.00 – £800,000.00 £1400.00 – £1700.00
£800,001.00 – £900,000.00 £1500.00 – £1800.00
£901,000.00 – £1,000,000.00 £1600.00 – £1900.00
>£1,000,001.00 Price quoted on application
The above-mentioned figures are based on the following assumptions:
- The matter proceeds in the usual timeframe way and is not expedited.
- The matter does not become overly complicated
- There is a reasonable level of communication between us.
The above fees are not an exhaustive list and fees are subject to change if more than the usual amount of work is needed.
Disbursements
Land Registry searches - £3
Registration fees - At least £20
We specialise in property transfers.....
So, whether you are buying your first pad, a home for your growing family, or downsizing, protecting you and all the necessary checks will be the first thing on our minds
Why not talk to one of our Solicitors today
0207 428 1977
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