Residential Property

It is widely said that buying or selling your home is one of the most stressful experiences that anybody ever goes through.  It does not have to be like that and here at Burrell Jenkins we do our utmost to make the process as smooth as possible.

Our small team share over sixty years of experience working in residential property matters.  We ensure that clients are kept advised of how their matter is progressing, what remains outstanding and the likely time scale for completion. 

Wherever possible we hold a face to face meeting before contracts are exchanged. We believe that this is important because it provides an opportunity to discuss and explain the paperwork and gives clients a chance to raise any queries or concerns.  In addition it allows us to discuss the actual process of completion, what it involves, who does what and when they have to do it. We can assist with all areas of property aspects including:

 

Buying & Selling Property

  • Buying or Selling  a property can be a perplexing experience, we will perform the groundwork required to make the process as straight forward as we can. 

Transfer of Property

  • When transferring property we can assist and guide throughout the procedure whilst providing straight forward advice.  

Remortgage of Property

  • We can advise and support you through any decisions regarding the remortgage of your property. 

 


Testimonials

 

“I have received an amazing amount of support/advice and understanding during a difficult time regarding the possible sale of my property. Many thanks, I would contact these Solicitors again without any hesitation in the future”

Janice, Great Wyrley

 

“Friendly, approachable, courteous, helpful, prompt, efficient and explained matters in everyday language. A superb service” 

Roger, Cannock

 

“I would recommend the services of Ms Keeling to anyone. She put me at my ease and completely understood my situation and was a pleasure to deal with!” 

Tracy, Cannock

 

“All explained well. Felt confident our best interests were at the heart of the service”

Keith, Cheslyn Hay

 


Costs

The residential conveyancing team at Burrell Jenkins between them have over 100 years’ experience in residential conveyancing and are accredited under the Law Society’s Conveyancing Quality Scheme (CQS), the recognised quality standard.

We use leading case management software to help us to deal with a wide range of conveyancing transactions including the buying and selling of freehold or leasehold properties; remortgages; transfers of equity; shared ownership and right to buy purchases; and equity release.

We shall be pleased to provide details of the anticipated legal costs for any property transaction, but our typical fees are based on the following:-

 

PRICE/AMOUNT               OUR FEES -SALE               OUR FEES - PURCHASE               OUR FEES - REMORTGAGE

Up to                               £585.00-650.00                 £600.00-730.00                            £300.00-450.00

£250,000

 

£250,000-                        £625.00-775.00                 £680.00-880.00                            £400.00-600.00

£500,000

 

£500,000-                         £750.00-1,000.00             £780.00-1,500.00                          £550.00-750.00

£1,000,000

 

Individual quotes are given for transactions in excess of £1,000,000.00. Please note that VAT is payable in addition at the prevailing rate.

Unless agreed to the contrary at the outset fees will be payable on matters which do not proceed in proportion to the amount of work which has been carried out.

There is, of course, inevitably a possibility that unforeseen factors can come up during the course of any matter, such as adverse search results, lost or missing documents and so on, which increase the work which has to be carried out beyond the initial expectation.  We reserve the right to charge additional fees in such circumstances but these would be agreed with you at the time and before any such additional work is undertaken.

We make a standard charge of £40.00 plus VAT for arranging an indemnity insurance policy, in addition to any premium which is payable. We also make an additional charge if a declaration of trust is required, ranging from £100.00 to £250.00 plus VAT. An additional fee ranging from £75.00 to £150.00 is payable where properties are leasehold or shared ownership leasehold.

 

We do not make a separate charge for any of the following:-

Acting for a mortgage lender; carrying out money laundering checks against clients and other solicitors; arranging funds transfers; completing and filing Stamp Duty Land Tax (“SDLT”) returns; dealing with Help to Buy ISAs; and file storage.

Please note however that “disbursements” may be payable in connection with some of these matters as detailed below.

 

Disbursements

In addition to our own charges there are payments which have to be made to third parties, such as search fees, Land Registry fees, SDLT and bank charges. Such sums would be payable regardless of who carries out the legal work and are likely to be the same or broadly similar.  These payments are termed "disbursements".  Where these can be anticipated at the outset they will be set out in any initial quotation which we provide and in our client care paperwork.

Property search fees vary according to the location of the property.  They include a local search, environmental report, a drainage or water report and, where necessary, a coal mining report.  The cost tends to range from £160.00 to £250.00

Fees payable to the Land Registry include the fees for obtaining a copy of the register of title and title plan in the case of a sale or remortgage (typically £6.00); an official search prior to completion (£3.00 per title); a Land Charges search (£2.00 per person/name where required) and the registration fees payable after completion.  Registration fees vary by the nature of the transaction and the price paid or value of the land and range from £20.00 to £910.00.

Stamp Duty Land Tax may also be payable and where we can we shall provide details of the amount which is likely to be payable at the outset as part of the initial quotation.  However we would recommend that you satisfy yourselves about the sum payable by visiting the HMRC website and a calculator is available at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

The following additional disbursements are payable in most cases:

  • Money laundering search fee - £4.00 plus VAT per person
  • Bank transfer fee - £15.00 per transfer

These are fees which we have to pay to third parties and which are passed on to you at cost.

 

Time Scales

Unfortunately, due to increased regulatory requirements, according to government figures the average transaction time according to the government has lengthened and a period of 12-16 weeks is now typical. Whilst we always try to meet a client’s requirements, to a very large extent this is not within our control.  As a result we are unable to give any definitive time scale and therefore it is important that you make no firm commitments unless and until contracts have been exchanged.

 

Referral fees

Referral fees are fees paid to estate agents, mortgage brokers and so on for the introduction of work. We do not pay referral fees.

 

Further details

Please call us if you want a quote or if you wish to discuss your particular requirements for a residential property transaction.  Alternatively request a quote by email by sending brief details to rsedgwick@burrell-jenkins.co.uk

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