Purchase of a freehold residential property

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

Fees vary depending on the value of the property involved. As a general rule our fees are 0.35% to 0.5% of the property price with a minimum price of £2,750.

For illustrative purposes only we have provided an approximate cost based on a property value of £1m.

Fees and disbursements

• Legal fee £3,500 – £5,000 plus VAT at 20%
• Search fees £500 approx plus VAT payable at 20%.
• Land Registry fee £270
• Electronic money transfer fee £25 per item plus VAT at 20%

Approximate total: £4,295 – £5,795 plus VAT where indicated above

Disbursements are costs related to your matter that are payable to third parties, such as search fees and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process but may require money to be paid to us in advance from you in order to do so.

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you a more accurate figure once we have sight of the transaction documents.

Stamp Duty or Land Tax

This cost depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.

Stages of the process

The stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages to your purchase that may take place:

• Take your instructions and give you initial advice
• Check finances are in place to fund the purchase and contact lender’s solicitors if needed
• Receive and advise on title and the transaction documents
• Carry out searches
• Obtain further planning and other documentation, if required
• Make enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer with you
• Send agreed contract to you for signature
• Agree 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 lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will my purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12 weeks.

It can be quicker or slower, depending on the parties in the chain and the complexity of your purchase.

Please click here to navigate to the persons who may act on your matter

 

Purchase of a leasehold residential property

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

Fees vary depending on the value of the property involved. As a general rule our fees are 0.35% to 0.65% of the property price with a minimum price of £2,750.

For illustrative purposes only we have provided an approximate cost based on a property value of £1m.

Fees and disbursements

• Legal fee £3,500 – £6,500 plus VAT at 20%
• Search fees £390 plus VAT at 20%
• Land Registry fee £270
• Electronic money transfer fee £25 per item plus VAT at 20%
• Notice of Transfer fee – This fee, if chargeable, is set out in the lease. Often the fee is between £25-£200 plus VAT.
• Notice of Charge fee (if the property is to be mortgaged) – This fee, if chargeable, is set out in the lease. Often the fee is between £25-£200 plus VAT.
• Deed of Covenant fee – This fee is payable to the management company for the property and can be difficult to estimate. Often it is between £25-£200 plus VAT.
• Certificate of Compliance fee – To be confirmed upon receipt of the lease and can range between £25-£200 plus VAT.

Approximate total: £4,285 – £7,985 plus VAT where indicated above

Disbursements are costs related to your matter that are payable to third parties, such as search fees and Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process but may require money to be paid to us in advance from you in order to do so.

There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately above. This list is not exhaustive and other disbursements may apply depending on the terms of the lease.

These fees vary from property to property and can, on occasion, be significantly more than the ranges given above. We can give you a more accurate figure once we have sight of the transaction documents.

You should also be aware that ground rent and service charges may apply to the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty or Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.

 Stages of the process

The stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below are some key stages to your purchase that may take place:

• Take your instructions and give you initial advice
• Check finances are in place to fund purchase and contact lender’s solicitors if needed
• Receive and advise on title and transaction documents
• Carry out searches
• Obtain further planning and other documentation, if required
• Make enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer
• Send 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 lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will my purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12weeks. It can be quicker or slower, depending on the parties in the chain and the complexity of your purchase.

Please click here to navigate to the persons who may act on your matter.

 

Sale of a freehold residential property

Our fees cover all of the work required to complete the sale of the property.

Fees vary depending on the value of the property involved. As a general rule our fees are 0.35% to 0.5% of the property price with a minimum price of £2,750.

For illustrative purposes only we have provided an approximate cost based on a property value of £1m.

Fees and disbursements

• Legal fee £3,500 – £5,000 plus VAT at 20%
• Electronic money transfer fee £25 per item plus VAT at 20%

Approximate total: £3,525 – £5,025 plus VAT where indicated above

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees in respect of up to date title information or in respect of obtaining other information needed to provide to the buyer.

We handle the payment of the disbursements on your behalf to ensure a smoother process but may require money to be paid to us in advance from you in order to do so.

Stages of the process

The stages involved in the sale of a residential property vary according to the circumstances. However, below are some key stages to your purchase that may take place:

• Take your instructions and give you initial advice
• Respond to enquiries from your buyer’s solicitor
• Draft, negotiate and advise on the sale contract
• Send agreed contract to you for signature
• Agree completion date (date from which ownership of the property is transferred)
• Exchange contracts and notify you that this has happened
• Arrange for mortgages to be redeemed (paid)
• Complete sale
• Redeem mortgages and send any surplus monies to you

How long will my sale take?

How long it will take from you accepting an offer until the sale is completed will depend on a number of factors. The average process takes between 8-12 weeks.

It can be quicker or slower, depending on the parties in the chain and the complexity of your sale.

Please click here to navigate to the persons who may act on your matter.

 

Sale of a leasehold residential property

Our fees cover all the work required to complete the sale of the property.

Fees vary depending on the value of the property involved. As a general rule our fees are 0.35% to 0.5% of the property price with a minimum price of £1,750.

For illustrative purposes only we have provided an approximate cost based on a property value of £1m.

Fees and disbursements

• Legal fee £3,500 – £5,000 plus VAT at 20%
• Electronic money transfer fee £25 per item plus VAT at 20%

Approximate total: £3,525 – £5,025 plus VAT where indicated above

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees in respect of up to date title information or in respect of obtaining other information needed to provide to the buyer.

We handle the payment of the disbursements on your behalf to ensure a smoother process but may require money to be paid to us in advance from you in order to do so.

There are certain disbursements which will be set out in the individual lease relating to the property and these are usually payable by the purchaser.

These fees vary from property to property and can, on occasion, be significantly more than the ranges given above. We can give you a more accurate figure once we have sight of your transaction documents.

 Stages of the process

The stages involved in the sale of a residential leasehold property vary according to the circumstances. However, below are some key stages to your sale that may take place:

• Take your instructions and give you initial advice
• Respond to enquiries from your buyer’s solicitor
• Draft, negotiate and advise on the sale contract
• Send agreed contract to you for signature
• Agree completion date (date from which ownership of the property is transferred)
• Exchange contracts and notify you that this has happened
• Arrange for mortgages to be redeemed (paid)
• Complete sale
• Redeem mortgages and send any surplus monies to you

How long will my sale take?

How long it will take from you accepting and offer until the sale is completed will depend on a number of factors. The average process takes between 8-12 weeks. It can be quicker or slower, depending on the parties in the chain and the complexity of your sale.

Please click here to navigate to the persons who may act on your matter.

We do not carry out Re-mortgage work

 

The Complaints Process

We hope that clients will be pleased with our work and will recommend AviGhna to their contacts.

With the best will in the world, misunderstandings and other problems can occur from time to time.  If our client is unhappy about any aspect of our service or about our fees, we ask that our client writes in the first instance to our Principal, Sangita Sangar, as soon as is practicable and in any event within three months of the issue coming to the attention of our client.

Complaints will be addressed promptly, fairly and effectively in accordance with the procedure set out below.  Sangita Sangar will acknowledge the client’s concerns within 7 business days.  She will then write to the client to explain how the issue is to be addressed, investigate the circumstances, request any further information which may be required and then reply in writing (usually within 21 business days of the date of the acknowledgement letter) inviting our client to outline the remedy being sought or offering an appropriate remedy or redress as appropriate.  Contact details for Sangita Sangar can be found on our website.  There is no charge for the time taken to discuss or investigate a client’s complaint.

We have 8 weeks to consider a complaint from a client.  If our client is unhappy with the outcome of our investigation, our client is entitled to refer the issue to the Legal Ombudsman.  The office of the Legal Ombudsman may be contacted by telephone (0300 555 0333) or email (enquiries@legalombudsman.org.uk) or post (PO Box 6167 Slough SL1 0EH)

If you have concerns about our conduct you have the right to raise your concerns with our regulator, the Solicitors Regulation Authority. You can visit their website to see how to raise your concerns: visit www.sra.org.uk/consumers/problems/report-solicitor/

The Legal Ombudsman

A complaint to the Legal Ombudsman must be made:

• Within six months of receiving our final response to your complaint

and

• No more than one year from the date of the act or omission being complained about; or
• No more than one year from the date when you should reasonably have known that there was cause for complaint.

Clients are advised to consult the Legal Ombudsman’s Scheme Rules found on their website www.legalombudsman.org.uk as these Rules may change from time to time.

We ask that clients approach us in the first instance if they have a problem with a fee note as often such matters can be resolved more quickly without involving a third party.  Please note that we are not obliged to place on hold the recovery of our fees whilst a complaint is being considered by the Legal Ombudsman.

We are committed to understanding and achieving our clients’ business objectives.  We regard the opportunity of serving clients as a privilege.  Suggestions as to how we can improve our service are welcomed.