When obtaining an estimate of cost, the fees together with disbursements included cover everything we envisage your transaction will require to smoothly progress from start through to completion.
Our purchase estimate includes BHP Law’s fees, VAT payable on the same, ID check, basic search pack, HMRC Stamp Duty Land Tax (if applicable), Land Registry searches and Land Registry registration fee.
Our sale estimate includes BHP Law’s fees, VAT payable on the same, ID check, HM Land Registry official copy documents.
Our re-mortgage estimate includes BHP Law’s fees, VAT payable on the same, ID check, HM Land Registry official copy documents.
If you are purchasing a Leasehold property you could have additional extras to pay such as:
If you are purchasing a Leasehold property you should also be aware that the property will more than likely be subject to annual Ground Rent and Service Charge payments.
The Landlord/Management Company will make you fully aware of any such additional fees.
If you are selling a Leasehold property it is more than likely that your buyer’s solicitor will request a Management Company/Landlords sale pack. Most Management Company/Landlord’s charge an administration fee in this regard and it is usually around the £200-300 mark. We will request the same once instructed and make you aware of the fee before we request the same.
BHP Law calculate their fees on the basis of the value of the property you are purchasing/selling/re-mortgaging. It is calculated this way as the higher the value of a property the higher the risk.
Stamp Duty Land Tax is also calculated on the value of the property. You can calculate the same by visiting HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.
HM Land Registry calculate their registration fee again on the value of the property and also factors such as whether the property already registered can have am impact. If the property is unregistered fees will be higher.
How long it will take from the outset to completion of your transaction will depend on a number of factors. The average process takes 6-8 weeks. It can be quicker or slower depending on the parties in the chain. For example we generally indicate that a Leasehold transaction will take longer and a time scale of 8-10 weeks is more realistic.
You will be assigned to a member of the team who will be your personal conveyancing specialist. Our team has over 100 years of collective experience in Residential Conveyancing.
Your Residential Conveyancing Team