Conveyancing for buying property
At Real Legal, we know that the purchase of a flat or a house will probably be the most expensive in your lifetime. To ensure everything runs smoothly, it’s important to have good legal advice so you have all of the information available to you and you know what you’re getting into.
What process do you go through when you buy a flat or a house?
When you buy a flat or a house, it is a legal requirement to have a conveyancer. A conveyancer is a solicitor or Licenced Conveyancer that processes the transaction with the other party. He or she will ensure that all the legalities are met and that all of the aspects of the land and property are thoroughly investigated.
How much does it cost to buy a flat or a house?
As well as the cost of the property, you will need to pay fees for the conveyancing work as well as some disbursements. These are expenses incurred by the conveyancers and include things like registration fees and searches. There are helpful calculators online created by the government so that you can work out the amount of Stamp Duty you have to pay and what the registration fees will be.
How can Real Legal help you?
We will provide clear explanations free of legal jargon with a dedicated team working on your case.
Will the property be a joint purchase?
If you are buying the house or flat with someone else and you would like to specify the amounts each person contributes to the purchase price or other outgoings/the mortgage, we can help you complete a Declaration of Trust agreement.
Under the transparency guidelines issued by the Solicitors Regulation Authority we are required to publish estimated costs in relation to house sales, purchases and re-mortgages. Given the vast spectrum of potential scenarios that may apply to each individual transaction we are unable to provide an exact cost estimate. However our approximate fees are listed below for simple sale/purchase transactions:
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Purchase
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Property Price
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Fee Range excluding VAT
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|---|---|
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£0-100,000
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£500 - £625
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£100,000 - 200,000
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£625 - £675
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£200,000 – 300,000
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£675 - £750
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£400,000 – 500,000
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£750 - £1000
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Additional fees in addition to the above will incur further charges due to the extra work to be undertaken:
- New build purchase
- Purchasing using a Help to Buy ISA/lifetime ISA
- Preparation of Declaration of Trusts
- Purchasing a property with Solar Panels
- Preparing Stap Duty Land Tax Return
- Shared ownership Purchase
In addition, disbursements will be charged. For example, property searches, Index Map Search, Land Registration Fee, ID checks, Land Registry Fee.
These fees will be stated in full at the time of the quote produced and should further work be required to be undertaken on your file we will of course let you know as soon as this becomes apparent in the transaction.
Re Mortgages – please enquire via our online quoting system or call the office on 0345 646 0501 or email [email protected]
Should you wish to contact us by phone or email we can take details of your specific transaction and provide you with a detailed breakdown of estimated costs from start to finish. If you do not wish to have direct communication with us, please rely on the information provided on our website.
For more information on what is involved in buying a property, read our buyer’s guide to conveyancing.
To get an instant online quote for either a Purchase Only or Purchase & Sale, visit our online conveyancing cost calculator.