PERCY WALKER SECURES LAW SOCIETY’S NEW CONVEYANCING QUALITY MARK

Percy Walker in Hastings has become one of the first practices in the country to secure membership to the Law Society’s Conveyancing Quality Scheme – the mark of excellence for the home buying process.

Percy Walker underwent rigorous assessment by the Law Society in order to secure CQS status, which marks the firm out as meeting high standards in the residential conveyancing process.

The Law Society introduced CQS to help to recognise high standards in the home buying process and deter fraud in the residential property market.

RESIDENTIAL CONVEYANCING

BUYING AND SELLING YOUR HOME

Conveyancing

Conveyancers Fees and Disbursements

VAT is charged at the current rate of 20%.

Freehold Sale / Purchase

Property Price Our Fee
£0 – £200,000 £925 + VAT
£201,000 – £300,000 £1,025 + VAT
£301,000 – £400,000 £1,100 + VAT
£401,000 – £500,000 £1,200 + VAT
£501,000 – £600,000 £1,300 + VAT
£601,000 – £700,000 £1,450 + VAT
£701,000 – £800,000 £1,600 + VAT
£801,000 – £900,000 £1,750 + VAT
£901,000 – £1,000,000 £1,950 + VAT
£1,000,000 + Contact us for a bespoke quote + VAT

Leasehold Sale / Purchase

Property Price Our Fee
£0 – £200,000 £1,100 + VAT
£201,000 – £300,000 £1,200 + VAT
£301,000 – £400,000 £1,350 + VAT
£401,000 – £500,000 £1,500 + VAT
£501,000 – £600,000 £1,650 + VAT
£601,000 – £700,000 £1,850 + VAT
£701,000 – £800,000 £2,050 + VAT
£801,000 – £900,000 £2,250 + VAT
£901,000 – £1,000,000 £2,350 + VAT
£1,000,000 + Contact us for a bespoke quote + VAT

Remortgages

Freehold £495 + VAT
Leasehold £595 + VAT

Transfers of Equity

Freehold £600 + VAT
Leasehold £700 + VAT

Additional Charges

Lease Extension alongside a sale or purchase £500 + VAT
Lease Extension only £850 + VAT
New Builds £300 + VAT
Statutory Declarations, Declarations of Trust, etc. £125 + VAT
Help to Buy ISA fee (per ISA) £50 + VAT
Bridging Loan £550 + VAT
Bank Transer Fee (CHAPS) £40 + VAT
Bank Transfer Fee (BACS) £20 + VAT
International Bank Transfer Fee Variable + VAT if applicable

Disbursements

Search Fees Approximately £300
Land Registry Registration Fee Dependant of property value
Title Deeds for a Sale £7 + VAT per document
Managing Agent Fees Can vary between £50 and £500+
Biometric Identity Check £18 – £30

LEASEHOLD

Purchase of leasehold residential property

Our fees cover all 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.

This depends on the purchase price of the property.    You can calculate the amount you will need to pay by using HMRC’s website (https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax) or if the property is located in Wales by using the Welsh Revenue’s website (https://beta.gov.wales/land-transaction-tax-calculator).

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However they may run as follows:

Take your instructions and give you initial advice;

Check finances are in place to fund purchase and contact lender’s solicitors if needed;

Receive and advise on Contract documents;

Carry out searches and report thereon;

Obtain further planning documentation if required;

Make any necessary enquiries of the seller’s solicitor;

Give advice on all documents and information received;

Advise you on joint ownership;

Go through conditions of mortgage offer with you;

Send final contract to you for signature and return;

Draft Transfer;

Agree completion date (date from which you own the property);

Exchange Contracts and notify you that this has happened;

Obtain pre-completion searches;

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

Complete the purchase;

Deal with payment of Stamp Duty Land Tax / Land Transaction Tax;

Deal with application for registration at Land Registry;

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors.  The average process takes between 8-10 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 14 weeks.  However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3-4 months. In such a situation additional charges would apply.

Our fee assumes that:

  1. this is a standard transaction and that no unforeseen matters arise including, for example, (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  2. this is an assignment of an existing lease and is not the grant of a new lease;
  3. the transaction is concluded in a timely manner and no unforeseen complications arise;
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  5. no indemnity policies are required  –  additional disbursements may apply if this is necessary;

FREEHOLD

Purchase of freehold residential property

our fees cover all 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 if the property is in England, or Land Transaction Tax if the property you wish to buy is in Wales.

This depends on the purchase price of the property.    You can calculate the amount you will need to pay by using HMRC’s website (https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax) or if the property is located in Wales by using the Welsh Revenue’s website (https://beta.gov.wales/land-transaction-tax-calculator).

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the stages may run as follows:

Take your instructions and give you initial advice;

Check finances are in place to fund purchase and contact lender’s solicitors if needed;

Receive and advise on contract documents;

Carry out searches and report thereon;

Obtain further planning documentation if required;

Make any necessary enquiries of the seller’s solicitor;

Give advice on all documents and information received;

Advise you on joint ownership;

Go through conditions of mortgage offer with you;

Send final contract to you for signature and return;

Draft Transfer;

Agree completion date (date from which you own the property);

Exchange Contracts and notify you that this has happened;

Obtain pre-completion searches;

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

Complete the purchase;

Deal with payment of Stamp Duty Land Tax / Land Transaction Tax;

Deal with application for registration at Land Registry;

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 8-10 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 14 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3-4 months. In such a situation additional charges would apply.

Our fee assumes that:

  1. this is a standard transaction and that no unforeseen matters arise including, for example, (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
  2. this is an assignment of an existing lease and is not the grant of a new lease;
  3. the transaction is concluded in a timely manner and no unforeseen complications arise;
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  5. no indemnity policies are required  –  additional disbursements may apply if this is necessary;

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