Conveyancing

Conveyancing work will be carried out by Andrew Gascoigne, Tom Hartshorn or Peter Riddle all of whom have in excess of 30 years experience each as qualified Solicitors.

PrintAll of us deal with the full range of conveyancing work and insist that our clients must always have access to one or other of them. Morrison & Masters is accredited as members of The Law Society’s Conveyancing Quality Scheme.

We realise that the sale or purchase of a property can be stressful and we aim to progress your transaction as quickly and as smoothly as possible and pride ourselves on our efficient and friendly service.

Call us today to discuss your conveyancing needs or alternatively send us an email.

FREEHOLD

Purchase of a Freehold Residential Property

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancing Fees & Disbursements (based on purchase price of up to £250,000)

Legal Fee: £695
Search Fees: £160
Electronic Money Transfer Fee: £30
Referral Fee: We do not receive or pay any referral fees
VAT: £177
Land Registry Fee: Please see the link below

Subtotal (exclusive of land registration fee and stamp duty land tax): £1062

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

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of the property and your own personal circumstances and you can calculate the amount that you need by using the HMRC Stamp Duty Land Tax by clicking Stamp Duty if in England or if the property is located in Wales Land Tax.

The land registration fee will depend upon the nature of the application including whether the title to the property is already registered at the Land Registry. You can access the fee calculator by clicking Land Registry.

If you wish us to provide you with further information about your proposed transaction and obtain an exact quotation please could you either telephone 01793 526601 or email pnr@mnm2.co.uk making that request. We will then contact you for further information

How long will my house purchase take?

The purchase process typically takes between 8-12 weeks and this depends upon whether your finance, in particular, mortgage funding, is put in place and the number of transactions involved in any chain of conveyancing. Typically freehold properties are quicker to deal with than leasehold properties

Stages of the process

  • The precise stages involved in the purchase of a residential property vary according to the circumstances. These typically include:
  • Taking your instructions and give you initial advice
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from the lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with the application for registration at Land Registry

Freehold Sale of Residential Property

On the sale of a Freehold Property for a price of up to £250,000 we would expect our fee to be £695 plus VAT £139 in the total of £834.
Further Land Registry fees are likely to be incurred and typically these would be £9.
If there is a mortgage to repay our fee would be £30 plus £6 VAT for each mortgage repaid.
A typical total cost would be £870 including VAT

LEASEHOLD

Purchase of a leasehold residential property

Our fees cover all the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

Conveyancer’s fees and disbursements (based on purchase price of up to £250,000)

Legal Fee: £795
Search Fees: £160
Electronic Money Transfer Fee: £30
Referral Fee: We do not receive or pay any referral fees
VAT: £197
Land Registry fee: Please see the link

Subtotal (exclusive of land registration fee and stamp duty land tax): £1182

Anticipated Disbursements

Fees for Notice of Transfer, Notice of Mortgage, provision of a Deed of Covenant or a Certificate of Compliance are frequent expenses incurred by a buyer. These fees will vary from one property to another and we will only be able to provide you with the exact fees once this information is provided to us by the seller’s conveyancer. As a general guide, the total of these fees are likely to range from as little as £1 to as much as £500 in one transaction

Stamp Duty Land Tax

This depends on the purchase price of the property and your own personal circumstances and you can calculate the amount that you need by using the HMRC Stamp Duty Land Tax by clicking Stamp Duty if in England or if the property is located in Wales Land Tax.

The land registration fee will depend upon the nature of the application including whether the title to the property is already registered at the Land Registry . You can access the fee calculator by clicking Land Registry.

Stages in the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of the mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from the lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with the application for registration at Land Registry

How long will my house purchase take?

The purchase should take 8-12 weeks.

With the sale of a leasehold property, there are likely to be additional expenses involved in assisting you purchase information and documents from your Freeholder or Management Company’s agents. These costs vary significantly and we would have to contact the individual agents involved to obtain exact prices. Typically these prices can range between £50 and £500 per transaction.

Leasehold Sale of Residential Property

For the sale of a Leasehold Property the price of £250,000 our charges would be £795 plus VAT of £159 in the total of £954
If there is a mortgage to repay the fee we charge would be £30 plus £6 VAT for each mortgage repaid.
There would be Land Registry fees involved which are likely to cost £15.
The overall total cost would be £1,005 (including VAT)

Legal Information

Morrison & Masters is regulated by the Solicitors Regulation Authority No. 463298

Morrison & Masters Ltd is registered in England and Wales Company No. 2280577.

Morrison & Masters is the trading name of Morrison & Masters Limited, a company registered in England & Wales with company number 2280577

Contact Details

Call Us
01793 526601
Office
17/20 Commercial Road, Swindon, Wiltshire, SN1 5NS
Email
pnr@mnm2.co.uk