CONVEYANCING

MYM SOLICITORS IN SLOUGH

Residential Conveyancing

Our residential conveyancing charges start from £899+VAT  The final quote will depend on the value of the property and the complexity of the transaction.  We would warn you that there are some charges made by others which we will not be able to ascertain until we are instructed and make the necessary enquiries. We will inform you as soon as possible once we know these additional charges. For example, the obtaining of a management pack from the freeholder when selling a leasehold property.

Our work includes

  • Initial Instruction and advice

  • Check finances are in place and the source of funds and contact

  • Lender’s solicitors if needed

  • 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 with you

  • Send final contract to you for signature

  • Agree on completion date (date from which you own the property)

  • Exchange contracts

  • Arrange for all monies needed to be received from lender and you

  • Complete purchase

  • Deal with payment of Stamp Duty/Land Tax

Residential Sale

Property sale price

Our charges

£ 0 - £125,000 £699+VAT

£125,000 - £250,000 £699+VAT – £799+VAT

£250,001 - £400,000 £799+VAT – £1,200+VAT

£400,001 - £500,000 £1200+VAT – £1,350+VAT

£500,001 - £650,000 £1,350+VAT – £1,750+VAT

£650,001 - £800,000 £1,750+VAT – £2,000+VAT

£ 800,001 - £1,000,000 £2,000+VAT – £3,500+VAT

£1,000,001 plus £3,500+VAT - £5000.00+ VAT

Additional charges on a residential sale

£150+VAT if the property is leasehold

£100+VAT for a Statutory Declaration/Arranging bespoke insurance

£100+VAT if you have a second mortgage or a Help to Buy loan

£30+VAT for each FASTER/CHAPS transfer

£20+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches)

Management packs are sometimes required when dealing with a leasehold property or a house on an estate. These are obtained from the managing agents or the management company who will charge a fee. Their fee can vary but you should budget on a fee of approximately £300.

Residential Purchase

Property purchase price

Our charges

£ 0 - £125,000 £899+VAT

£125,000 - £250,000 £899+VAT – £999+VAT

£250,001 - £400,000 £999+VAT – £1,200+VAT

£400,001 - £500,000 £1200+VAT – £1,350+VAT

£500,001 - £650,000 £1,350+VAT – £1,750+VAT

£650,001 - £800,000 £1,750+VAT – £2,500+VAT

£ 800,001 - £1,000,000 £2,500+VAT – £3,500+VAT

£1,000,001 plus £3,500+VAT - £5000+ VAT

Additional charges on a residential purchase

£175+VAT if the property is leasehold

£150+VAT to do searches

£150+VAT to work on behalf of the Lender

£100+VAT for a Statutory Declaration/Arranging bespoke insurance

£200+VAT if you have a second mortgage or a Help to Buy loan

£100+VAT if you have a Help to Buy ISA

£30+VAT for each CHAPS transfer (We do not charge for BACS payments)

£20+VAT for the Land Registry and Compliance charge (this may increase if you need additional Land Registry searches)

 

Our charges for the searches for an average residential purchase will be approximately £250-350 including VAT. We request £360.00 on account at the beginning of the transaction to cover the cost of the searches.

When dealing with the purchase of leasehold properties it is quite common to have to enter into a Deed of Covenant with the Landlord or the Management Company as well as serving notice of the transaction on the landlord. This can result in increased charges payable to the management company or managing agents and you should allow approximately £200 to deal with this.

Stamp Duty Land Tax (SDLT) can be calculated by visiting the link below. We will submit this on your behalf as part of our service to you. https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Your Land Registration fee can be calculated by visiting the links below. We will submit this on your behalf as part of our service to you. HM land registry fee: Fee calculator

Above charges:

Just to make you aware our hourly rates fees are calculated by reference to the law society guideline hourly rates, all rates are excluding VAT.

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Further guidance can be obtained at https://www.gov.uk/guidance/solicitors-guideline-hourly-rates.