CONVEYANCING

Experience and qualifications

Senior Solicitor, Nida Mansoor (Head of conveyancing) is the lead Solicitor in relation to Conveyancing and has over 9 years of experience.

Fees

In the vast majority of cases, we can offer our clients an agreed fixed fee to prepare and submit their applications. However, in circumstances where this is not possible, our fees will be calculated on the following hourly rates:

Hourly Rate

Muzaffar Mansoor –Senior Partner    350.00 Vat 70.00        Total £420.00

Nida Mansoor – Senior Solicitor        350.00 Vat 70.00        Total £420.00

Other caseworkers                               120.00 Vat 24.00        Total £144.00

Administrative & Support Staff         80.00   Vat 16.00        Total £96.00

We will provide you with a cost estimate based on the number of hours we reasonably expect to spend on your case and the disbursements that are likely to be incurred.

freehold purchases and sales by a Company

For purchases up to £250,000.00

Sale 1250.00 Vat 250.00 Total £1500.00

Purchase 1500.00 Vat 300.00 Total £1800.00

For purchases over £250,000.00

Sale 1500.00 Vat 300.00 Total £1800.00

Purchase 1666.67 Vat 333.33 Total £2000.00

 leasehold purchases and sales by a Company

For purchases over £250,000.00

Sale 1450.00 Vat 290.00 Total £1740.00

Purchase 1700.00 Vat 340.00 Total £2040.00

Private residential freehold purchase and sales

For purchases up to £250,000.00

Sale 1000.00 Vat 200.00 Total £1200.00

Purchase 1250.00 Vat 250.00 Total £1500.00

For purchases over £250,000.00

Sale 1250.00 Vat 250.00 Total £1500.00

Purchase 1500.00 Vat 300.00 Total £1800.00

Private residential leasehold purchase and sales

Property price up to £250,000.00

Sale 1200.00 Vat 240.00 Total £1440.00

Purchase 1500.00 Vat 300.00 Total £1800.00

For purchases over £250,000.00

Sale 1450.00 Vat 290.00 Total £1740.00

Purchase 1500.00 Vat 300.00 Total £1800.00

The charges for unregistered property are slightly more due to the extra work to establish ownership etc.

The above are charges for straightforward purchases and sales, anything complicated attracts more costs.

The above does not include our charges for acting for the lender.

Other property prices

Please call for a bespoke quotation however our fee always excludes Vat at 20%.

Cybercrime Alert

As a result of the increased risks posed by cyber fraud especially those relating to bank account details, please note that Dean Manson LLP’s bank account details will NOT change during a transaction.

Please be vigilant and ensure caution is exercised when opening any emails, attachments or links which purport to come from us in response to any requests for our bank details.

We will NOT accept any responsibility if you transfer money into an incorrect bank account. Our Company policy is never to send out our bank details by email.

If you receive bank details from us by email, please telephone our office and speak to the person dealing with your matter, or a Partner of this firm.

Disbursements

In addition to our fees, you are also required to pay costs that are relevant to your transaction that are payable to third parties, these are sometimes called ‘disbursements’.

An example is a search fee which is paid to a search company (for example a coal mining search or a water and drainage search) on the property that you are purchasing.

We will generally handle the payment on your behalf to ensure a smoother process. The rate of disbursement may vary from time to time. The most common disbursements in a conveyance are detailed below:

Typical disbursements

Please contact us for an estimate of the likely disbursements in your transaction.

For a Purchase transaction

Stamp Duty Land Tax (paid to the Inland Revenue). The amount depends on the purchase price of your property. This can be calculated using HMRC’s website or if your property is in Wales by using the Welsh Revenue Authority’s website here.

Key stages of the purchase process are typically:

• Receive your instructions, identification, and other necessary details.
• Check finance arrangements and initiate contact with the lender (if applicable).
• Receive and advise on contract documents.
• Undertake searches / obtain planning documentation if necessary.
• Make necessary enquiries of the seller’s solicitor.
• Review and advise on all relevant documents and information.
• Review and advise on mortgage offers (if applicable).
• Finalise contract for signature & confirm completion date.
• Exchange of contracts.
• Arrange for receipt of all monies required for completion.
• Complete purchase.
• Prepare and submit Stamp Duty Land Tax return with payment.
• Prepare and submit registration at the Land Registry with payment.

Typical timescales and key stages

How long will the transaction take?

The time from an offer being accepted until the time that keys are exchanged will depend on many factors. It can be quicker or slower, depending on the number of parties in the chain and many other factors. For example, a first-time buyer purchasing a newly built property with a mortgage agreed in principle is likely to be quicker than a transaction involving a leasehold property that requires an extension of the lease. The average conveyance which is free from complications will generally take between 6-8 weeks. We will endeavour to complete your transaction as quickly as possible and reduce any avoidable delays that are within our control as far as possible.