At Sinnertons Solicitors, we have been handling house sales and purchases long enough to know that what matters most to clients is that their transaction is completed on time.
Where a speedy conclusion of your sale or purchase is essential, you can depend on us — local estate agents do, often instructing us when a quick turnaround is required.
We are a dedicated team, committed to working closely to deadlines agreed with you at the very beginning of the transaction. We will also always work hard to keep the sale and purchase chain together so that you don't lose out.
Keeping You Informed
Buying or selling your home can be stressful. Our team removes uncertainty by keeping you updated with regular emails. During hectic house moves, you won't have to waste time chasing us for information.
Buy and Sell Your House: Banstead based Lawyer
Sinnertons Solicitors is accredited under the Law Society's Conveyancing Quality Scheme (CQS) and is on the conveyancing panels of the majority of residential lenders. The firm deals with all aspects of the sale and purchase process, including:
- Local Authority searches to ensure there are no issues affecting property
- Land Registry searches
- Negotiating contracts
- Establishing whether there are any disputes over the property
- Exchanging contracts
- Mortgage formalities
- Completing the sale or purchase
- Land Registry and other post-completion formalities, including payment of stamp duty
We have particular expertise in handling purchases for those returning to the locality from overseas.
Fees
Our fees cover 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.
Fee Calculator
RESIDENTIAL LEASEHOLD
PRICE RANGE:
- £0 - £250,000 £995.00
- £250,001 - £500,000 £1,195.00
- £500,001 - £750,000 £1,395.00
- £750,001 - £1,000,000 £1,595.00
- £1,000,001 - £1,250,000 £1,795.00
- £1,250,001 - £1,500,000 £1,995.00
- £1,500,001 and over 0.133%
RESIDENTIAL FREEHOLD
PRICE RANGE:
- £0 - £250,000 £895.00
- £250,001 - £500,000 £1,095.00
- £500,001 - £750,000 £1,295.00
- £750,001 - £1,000,000 £1,495.00
- £1,000,001 - £1,250,000 £1,695.00
- £1,250,001 - £1,500,000 £1,895.00
- £1,500,001 and over 0.133%
Conveyancer's fees and disbursements
• Legal fee £ use calculator above to obtain an estimate of fees
• Fee for acting on behalf of the mortgage lender usually £0
• Search fees approximately £400 + VAT
• HM Land Registry Portal fee £ [click here for an external link to the Land Registry ]
• Electronic money transfer fee £30 + VAT per Transfer (usually two)
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property.
In addition to the disbursements set out above if the property is Leasehold additional disbursements will arise which we anticipate will apply and are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the documents from the seller's solicitors.
Additional Leasehold Disbursements*
• Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £60-£120
• Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £60-£120
• Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100-£220
• Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £100-£200
*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
Stamp Duty 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 ( click this link to use HMRC's calculator ) or if the property is located in Wales by using the Welsh Revenue Authority's website.
Summary
To obtain a full written quotation detailing the total cost of the transaction to assist you in the calculation of your finances please contact us.
Assumptions
* Our fee assumes that:
- this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
- this is the assignment of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complication arise
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
- There is no variation to the price of the property during the course of the transaction.
- the property is not a new build.
- the property has not been bought or sold at auction.
- the property is not a repossession.
- the property is sold with vacant possession.
- the property being sold or purchased is not a Shared Ownership property.
- the property is currently registered at HM Land Registry in no more than one title and you are buying or selling the whole of the land in such title.
- the sale or purchase does not involve Help to Buy Mortgages.
- the lender instructs ourselves to act as their Solicitors
Additional Assumptions (Leasehold Properties only)
- this is the sale or purchase of an existing lease and is not the grant or acquisition of a new lease
- that no Deeds of Variation are needed to the lease i.e. that it complies with the Council of Mortgage Lenders requirements
- that the Management Company and Freeholder are co-operative and cause no unnecessary delay
