No matter what legal assistance you require, Enoch Evans LLP always recommends that you speak with a member of our specialist team in order that a quote can be personally tailored to your specific circumstances. Please call us on 01922 720333 (Walsall), 0121 355 2336 (Sutton Coldfield) or email email@example.com
We are proud to say that we do not enter into any Referral Fee arrangements with Estate Agents, Mortgage Brokers or other third parties. This allows us to remain completely independent and to only have our client’s best interests at the forefront of the service that we provide.
Our fees cover all of the work required to complete the Sale of your existing property or 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.
Our standard fees are calculated on the high level of service that we are proud to provide to our clients. Our view is that, by charging a fair fee, we can help you with your property transaction by providing additional value such as progress updates as often as possible, supported by our quality service, experience and legal advice.
|Up to £250,000.00||£750.00 plus VAT (£150.00)|
|£250,000.00 – £500,000.00||between £855.00 plus VAT (£171.00) to £1,000.00 plus VAT (£191.00)|
|£500,000.01 – £1,000,000.00||between £1,295.00 plus VAT (£259.00) to £1,495.00 plus VAT (£299.00)|
|£1,000,000.00 – £2,000,000.00||0.1% of the Sale/Purchase Price|
|£2,000,000.01 and above||0.1% of the Sale/Purchase Price|
- Other Factors that can affect the Fees payable for your transaction include (amongst others):
- Leasehold or New-Build Properties – to be quoted at an additional £150.00 – £300.00 to the above price banding
- If you are Buying a property using the Help to Buy or other Government Equity Loan scheme
- If you are Buying a property using a Help to Buy ISA – the Government allows us to charge an additional fee for dealing with this of £50.00 plus VAT (£60.00)
- If you are Buying or Selling an Unregistered property
- If you are Selling a property but cannot locate the Deeds or other relevant documents (such as Boiler or FENSA certificates or Guarantees for works carried out)
- If an unforeseen complexity arises, or where the way in which you ask us to proceed means additional work
As well as legal fees, you will also have to pay ‘Disbursements’ as part of your Sale or Purchase process.
‘Disbursements’ are additional sums related to your matter that are payable to third parties, such as Land Registry fees and search fees. We also handle the payment of these on your behalf to ensure a smoother process. The disbursements which we anticipate will apply in an average Freehold transaction are as follows: –
- Money Transfer Fee (inc VAT) £36.00
- Land Registry Document Fee (inc VAT) £10.00
- HM Land Registry Fee – click here for Land Registry calculator
- Stamp Duty – click here for Stamp Duty calculator
- Estimated Conveyancing Search Fees (inc VAT) £225.00 to £275.00
This list is not exhaustive and other disbursements may apply depending on the property concerned. We will of course update you on any additional disbursements payable as these become apparent during the course of your transaction.
The Stamp Duty payable 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.
The Land Registry fee payable will also depend on the purchase price of your property. You can calculate the amount payable by using the Land Registry’s fee calculator Go to Land Registry website.
To obtain a quote for your house sale, purchase or remortgage please click here
How long will my transaction take?
How long it will take from the offer being accepted until completion will depend on a number of factors. The average process takes around 6-8 weeks from the draft Contract papers being issued but it can be quicker or slower, depending on the other parties in the chain.
Factors that can affect the speed of a transaction include (amongst others): –
- The time it takes for us to receive the results of our applicable searches
- If you or someone in the chain is purchasing a New-Build property
- If you or someone in the chain is purchasing a Leasehold property
- If a property in the chain is discovered to have Title or other defects that need to be resolved
- If you or someone in the chain experiences delays in obtaining a mortgage offer
- If you or someone in the chain is difficult to contact due to holiday, work or other factors
Stages of an average Sale or Purchase transaction
Action by Sellers solicitor in Black, action by Buyer’s solicitor in Red
1. When both parties have formally instructed their solicitors, prepares and submits draft Contract and supporting papers to Buyer’s Solicitors.
2.Receives draft Contract
3. Submits Searches
4. Investigates Title
5. Raises Preliminary Enquiries.
6. Receives Preliminary Enquiries
7. Takes Client’s instructions
8. Sends replies to Preliminary Enquiries to Buyer’s Solicitors
9. Receives and considers replies to Preliminary Enquiries.
10. Receives and considers Search results
11. Raises Additional Enquiries if necessary
12. Receives Additional Enquiries
13. Takes Client’s instructions.
14. Sends replies to Additional Enquiries to Buyer’s Solicitors
15. Receives and considers replies to Additional Enquiries
16. Approves Contract and drafts Transfer Deed for Seller to sign
17. Full Report on property provided to Buyer (in writing and/or in meeting)
18. Arrange for Buyer to sign Contract, Mortgage Deed and other purchase documents
18. Arrange for Seller to sign Contract, Transfer and other sale documents
19. Agree Completion Date with all parties.
“EXCHANGE OF CONTRACTS”
20. Send exchanged Contract to Buyer’s Solicitors
19. Agree Completion Date with all parties.
“EXCHANGE OF CONTRACTS”
20. Send exchanged Contract with deposit to Seller’s Solicitors.
21. Submit Certificate on Title and Request for Funds to Mortgage Lender.
22. Submit and review pre-completion searches.
23. Request redemption statement from existing Mortgage Lender.
24. Request Estate Agent’s invoice.
25. Prepare bill and draft Completion statement.
25. Prepare bill and draft Completion Statement.
26. Request balance due from Buyer to complete.
27. Receive mortgage advance from Lender.
28. Receive balance from Buyer
29. Send balance purchase monies to Seller’s Solicitor.
30. Receive balance purchase monies from Buyer’s Solicitors and authorise release of keys.
31. Redeem existing mortgage. 31. Pay Stamp Duty.
32. Send signed Transfer and deeds to Buyer’s Solicitors.
33. Pay Estate Agents.
34. Send net sale proceeds to Seller.
35. Receive signed Transfer and deeds from Seller’s Solicitors.
36. Submit application for registration to HM Land Registry
37. Receive mortgage discharge from existing Mortgage Lender.
38. Send mortgage discharge to Buyer’s Solicitors.
39. Receive mortgage discharge form from Seller’s Solicitors.
40. Registration completed. Receive updated Title from HM Land Registry.
41. Send updated Title to Buyer with pre-registration deeds (unless required by Lender).
42. Send deeds to Mortgage Lender (if required) or place into storage for Buyer free of charge.