Property

Residential & Commercial Property

With over many years of experience in legal services, we can assist you as a business, an individual or a family, through all of your conveyancing needs. At Allied Law Chambers Solicitors, we aim to keep the transaction plain and simple.

RESIDENTIAL CONVEYANCING

• Sales
• Purchases
• Transfers of Equity
• Re-Mortgages
• Assents

How much does the service cost?

For a detailed breakdown of all costs and disbursements for residential conveyancing matters, please see the fees section below.

Prices start from just £850.00 plus VAT (currently at 20%) for simple transfers of equity, re-mortgages, and assents.

Where there is a referral fee payable, this will be clearly set out in our initial client care letter.

Do I need to pay any upfront costs?

We only request payment of an upfront fee of £400.00 for searches on purchase transactions.

COMMERCIAL CONVEYANCING

• Sales
• Purchases
• Business Tenancies

How much does the service cost?

Prices start from £950.00 plus VAT (currently at 20%) for a very simple first time let of a unit with no business transfer involved.

For more complicated matters which may involve complex leases being drawn up or transferred and which may include taking over an existing business, either a partnership or company acquisition, these will be charged on a time basis at the appropriate rate mentioned in the service plan for the fee earner involved.

We can often give an early indication of overall fees in these complicated deals and give such information as soon as we can.

Other property matters

• Sales and purchases of land
• Adverse possession
• Boundary disputes

Due to the complexity of these matters, prices for these services are available upon written request only.

We will be happy to give you a written quotation, which includes the cost of disbursements such as Land Registry fees, search fees and Stamp Duty. It is our aim to provide quality legal services at fees which are both fair and reasonable. For more details, please call our conveyancing department to obtain a free quote.

FAQ:

How long does it all take?

This is the main question we are often asked by our residential conveyancing clients. We give an average of between 6-8 weeks. However, every case is different and there are often some issues that are out of our control, for example, the length of a chain, time taken to issue a mortgage offer. However, we do strive to keep you updated of all material developments.

For our residential conveyancing clients who are selling and buying, you may find the following process useful:

Selling your house

We will:

• Obtain the Deeds from your bank or building society (if you have one).
• Send a written contract to the buyer’s solicitor and answer any questions raised.
• Prepare an up-to-date redemption figure for your mortgage.
• Arrange for you to sign the legal paperwork.
• Exchange contracts which will set the moving date. At this point, the sale is legally binding.
• Deal with the legal completion of the sale including repayment of the mortgage and estate agent’s fee and send the net proceeds of the sale to you (or put them towards the purchase of your new house).

Buying a house

Buying a house could possibly be the biggest decision you make during your life. For this reason, we will be seeking to ensure that the house you buy does not involve you in unforeseen disputes over rights of way, boundaries, fences, restrictive covenants, road charges or other legal entanglements.

We will:

• Check through the legal documentation and raise any specific queries with the seller’s solicitor.
• Carry out the pre-contractual searches to include the local authority search, water and drainage search, environmental and mining searches and obtain chancel repair liability insurance.
• Receive and check your mortgage offer.
• Report to you on all our findings and arrange for you to sign the legal paperwork and pay your deposit.
• Exchange contracts. This will set the moving date. At this point, the purchase is legally binding.
• Order your mortgage funds.
• Deal with the legal completion of the purchase including paying the purchase price to the seller’s solicitor.
• You can then collect your keys from the estate agent and move into your new home.
• We will attend to all of the post-completion matters including payment of any stamp duty and registering you as the new legal owner of the property. After this, the Deeds will be sent to your mortgage lender or, where there is no mortgage, stored by us on your behalf.

Are there any added extras?

You will be provided with a detailed, comprehensive quotation at the outset which will be calculated on the basis of the information we have available at that time. However, if the matter is more complicated than we anticipated, such as unregistered land, leasehold land, dealing with a non-high street lender, or if unusual problems occur relating to an extensive chain or transfer then we do reserve the right to make additional charges. These additional charges are clearly shown and explained in the client care letter.

What happens if my matter does not proceed?

Depending on how much work has been carried out on your behalf, we do reserve the right to make a charge. This is detailed clearly in our client care letter.

Can you speak to someone on my behalf?

Yes, although due to data protection rules and regulations, we will require your written permission to speak to someone on your behalf. You will be sent a form to sign to permit this with the initial client care letter.

Do you provide home visits?

Yes, upon request. However, this will incur additional costs and is calculated according to mileage. If a home visit is required, then please inform us of this at the outset. Please note that we only cover a limited mileage radius.

Can I do everything by post and e-mail?

Yes. We recognise that most of our clients are in full-time employment and have other commitments. In line with our anti-money laundering regulations, you will be required to provide us with certain documentation. A fully comprehensive list is provided within the client care letter.

Director and Solicitor Muhammad Sohail Babar Khan directly supervises this department.

RESIDENTIAL CONVEYANCING FEES

Below are our anticipated fees and disbursements for Residential Conveyancing sale and purchase matters. For any other Conveyancing matters or if your matter is more complicated, please do not hesitate to contact us for a tailored estimate of fees.

ADDITIONAL FEES

• SEARCH FEES:

This will depend upon location of the property, the Local Authority and Lender requirements, but will range between £250.00 to £400.00.

• TELEGRAPHIC BANK TRANSFER FEE (TO A UK BANK ACCOUNT OR TO REDEEM A MORTGAGE)
  Add £30.00 plus VAT (charged at 20%)
• IDENTITY CHECK

Add £10.00 plus VAT (charged at 20%) (per person)

• LAWYER CHECK
• Add £12.00 plus VAT (charged at 20%) (per lawyer)
• DRAFTING AP1
• Add £100.00 plus VAT (charged at 20%)
• COMPLETION OF STAMP DUTY LAND TAX RETURN (OR LTT IN WALES) (PURCHASES)
  Add £150.00 plus VAT (charged at 20%)
• FLATS/NEW BUILDS/PROPERTIES WITH MANAGEMENT COMPANIES (SALES AND PURCHASES)
  Add an additional £300.00 plus VAT (charged at 20%)
• HELP TO BUY ISA OR GIFTED DEPOSIT
  Add an additional £50.00 plus VAT (charged at 20%)
• HELP TO BUY EQUITY SECOND CHARGES (SALES)
  Add an additional £300.00 plus VAT (charged at 20%)
• HELP TO BUY EQUITY SECOND CHARGES (PURCHASES)
  Add an additional £400.00 plus VAT (charged at 20%)
• LIMITED COMPANIES WITH A MORTGAGE (I.E. DEALING WITH COMPANIES HOUSE) – PURCHASES ONLY
  Add an additional £250.00 plus VAT (charged at 20%)
• DEALING WITH UNREGISTERED LAND (SALE OR PURCHASE)
  Add an additional £250.00 plus VAT (charged at 20%)
• DEALING WITH A SALE OR PURCHASE PROPERTY WITH A TENANT
  Add an additional £150.00 plus VAT (charged at 20%)
• ARRANGING AN INDEMNITY INSURANCE POLICY (SALE OR PURCHASE)
  Add an additional £30.00 plus VAT (charged at 20%). This fee is charged per policy arranged.

Disbursements

Disbursements are costs related to a legal transaction that are payable to third parties for sales and purchases. The most common disbursements are set out below:

Other disbursements may include any of the following, dependent upon the type of transaction. Full details can be provided based on your personal circumstances upon request, free of charge:

• Leasehold management pack– This is a pack provided by the freeholder and/or the managing agent/management company and includes a set of forms and documents relating to the sale of a property where a service charge and/or ground rent is paid to a freeholder and/or a management company/managing agent. The fee varies depending on the individual requirements of the freeholder/management company/managing agent. This fee is payable by the seller at the early stages of the sale and is set out in the Client Care Letter that is issued at the start of the transaction.

• Freehold management pack– This is a pack provided by the collector of the freehold estate rent charge and/or the managing agent/management company and includes a set of forms and documents relating to the sale of a property where a service charge and/or freehold estate rent charge is paid to the collector of the freehold estate rent charge and/or the managing agent/management company. The fee varies depending on the individual requirements of the freeholder/management company/managing agent. This fee is payable by the seller at the early stages of the sale.

• Stamp Duty Land Taxwhere the property is in England.
• Land Transaction Taxwhere the property is in Wales.
• Notice of assignment and charge fees for leasehold properties– The fee varies depending on the individual requirements of the freeholder/management company/managing agent.
• Deed of Covenant and certificate of compliance fees– These may be payable where there is a management company or managing agent and can relate to freehold or leasehold properties. The fee varies depending on the individual requirements of the freeholder/management company/managing agent.
• The only fee that we require to be paid at the start of the transaction is for the search pack. This is detailed in the Client Care Letter sent at the start of the transaction.