Conveyancing Solicitors in Nottingham and Kent
Navigating the realm of property transactions can often feel like traversing a labyrinth of stress, confusion, and complexity, whether you find yourself on the buyer’s or seller’s side. The intricacies and legalities involved can quickly overwhelm even the most astute individuals, leaving them yearning for guidance and support.
So, whether you find yourself venturing into the realm of property acquisition or preparing to bid farewell to a cherished abode, remember that you need not face the daunting path alone. Ives & Co Solicitors stands ready to be your steadfast companion, offering guidance, expertise, and above all, the reassurance that you are never alone in your property endeavors.
Property and Conveyancing Solicitors
Embarking on a property transaction often involves one of the most significant financial investments you’ll ever make. Naturally, you want to get it right.
That’s why finding a solicitor and law firm you can trust becomes paramount. You need a team that puts your interests first—a team that anticipates potential issues that could cause delays and ensures a seamless process for you. At Ives & Co, our residential conveyancing team comprises experts well-versed in a wide range of conveyancing matters.
What sets us apart is our commitment to delivering a friendly and approachable service. The intricacies of property transactions can feel overwhelming, so we strive to be your reliable support system throughout the entire journey. Our team will keep you informed and updated at every stage.
Rest assured that when you choose Ives & Co, you’re choosing a team dedicated to your best interests. We understand the significance of your property transaction and will go above and beyond to ensure a positive experience. Trust us to be your partners in achieving your property goals, providing you with the expertise and support you deserve.
How long will the purchase take?
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8 to 12 weeks, but this of couse varies from case to case.
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 4 weeks for example (depending on when search results are returned and mortgage offers issued). However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 to 6 months (in such, a situation additional charges would apply).
Stages of the Process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
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
Obtain further planning documentation if required
Make any necessary enquiries of seller’s solicitor
Give you advice on all documents and information received
Go through conditions of mortgage offer with you
Send final contract to you for signature
Agree completion date (date from which you own the property)
Exchange contracts and notify you that this has happened
Arrange for all monies needed to be received from lender and you
Complete purchase
Deal with payment of Stamp Duty/Land Tax
Deal with application for registration at Land Registry
Conveyancing Fees at Ives & Co
FEES/COSTS
LEGAL FEES & DISBURSEMENTS
RUDDINGTON/PLUMTREE/KEYWORTH
Sale/Purchase Legal Fees *
– Up to £300k – £1200 PLUS VAT (20%) plus disbursements.
– £301k to £400k – £1300 PLUS VAT (20%) plus disbursements.
– £401k to £500k– £1400 PLUS VAT (20%) plus disbursements.
– £501k – £600k – £1500 plus VAT (20%) plus disbursements
– £601k to £700k – £1600 PLUS VAT (20%) plus disbursements.
– £701k to £800k – £1700 PLUS VAT (20%) plus disbursements.
– Over £800k – SUBJECT TO PARTNER APPROVAL. PLEASE CONTACT US FOR A QUOTE
All new build transactions have a minimum legal fee of £3,500 plus VAT (20%) and disbursements.
PLUS; – (i) Electronic money transfer fee: £45 plus VAT (20%) and (ii) AML check of £45 plus VAT (20%) per person.
Remortgage Fees and Transfer of Equity
– £650 plus VAT (20%), plus disbursements.
For a leasehold Remortgage an additional £500 plus VAT is chargeable
Transfer of Equity Fee additional £500 plus VAT (maybe applicable)
PLUS; – (i) Electronic money transfer fee: £45 plus VAT (20%) and (ii) AML check of £45 plus VAT (20%) per person.
*Fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
* Our fee assumes that: this is a standard transaction and that no unforeseen matters arise
*Please note that if a Director is acting for you their fee for acting may be slightly higher than the ones quoted above, however they will advise you of the same before instructions
* Leasehold Sales carry a minimum legal fee of £1500 plus VAT (20%) and Leasehold purchases carry a minimum legal fee of £2500 plus VAT (20%) (assuming this is the assignment of an existing lease and is not the grant of a new lease)
*All new build transactions have a minimum legal fee of £3,500 plus VAT (20%) and disbursements.
Disbursements
*Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registration fees, searches, AML (Anti-Money Laundering) checks and so on.
* Stamp duty – VARIABLE depending on purchase price, whether you are a first time buyer or you are purchasing an additional property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here: https://beta.gov.wales/land-transaction-tax-calculator
*For a LEASEHOLD property, there will likely be additional disbursements i.e. notice and other fees details of which will be confirmed in the Lease.
Referral fees
Referral fees are paid to estate agents and mortgage brokers in some cases, in addition to our fee. Please see your client care letter for confirmation as to whether a referral fee is payable or if you telephone or e mail us we will confirm whether there is a referral fee
KENT FEES
Sale/Purchase Legal Fees (FREEHOLD) *
Up to £300k – £1,440.00 PLUS VAT (20%) plus disbursements.
£301k to £400k – £1,560.00 PLUS VAT (20%) plus disbursements.
£401k to £500k – £1,680 PLUS VAT (20%) plus Disbursements
£501k to £600k – £1,800.00 PLUS VAT (20%) plus Disbursements
£601k to £700k – £1,920.00 PLUS VAT (20%) plus Disbursements
£701k to £800k – £2,040.00 PLUS VAT (20%) plus Disbursements
Over £800k – SUBJECT TO PARTNER APPROVAL.
NEW BUILD PURCHASE – Up to £1m = £3,500.00 plus VAT and disbursements
PLUS: – (i) Completion Fee (inc bank charge) £54 plus VAT (20%)
(ii) Stamp Duty Land Tax Return fee £60 plus VAT (20%),
(iii) AML check £54 plus VAT (20%) per person.
Sale/Purchase Legal Fees (LEASEHOLD)
SALE – Up to £1m – £2,000 plus VAT (20%) plus disbursements.
PURCHASE – Up to £1m – £2,500 plus VAT (20%) plus disbursements.
PLUS:- (i) Completion Fee (inc bank charge) £54 plus VAT (20%)
(ii) Stamp Duty Land Tax Return fee £60 plus VAT (20%),
(iii) AML check £54 plus VAT (20%) per person.
Remortgage Fees
£780.00 plus VAT (20%)
Transfer of Equity Fee additional £600 plus VAT (may be applicable)
PLUS:- (i) Completion Fee (inc bank charge) £54 plus VAT (20%)
(ii) Stamp Duty Land Tax Return fee £60 plus VAT (20%),
(iii) AML check £54 plus VAT (20%) per person.
For a leasehold Remortgage an additional £600 plus VAT is chargeable
Disbursements
*Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registration fees, searches, AML (Anti-Money Laundering) checks and so on.
* Stamp duty – VARIABLE depending on purchase price, whether you are a first time buyer or you are purchasing an additional property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here: https://beta.gov.wales/land-transaction-tax-calculator
*For a LEASEHOLD property, there will likely be additional disbursements i.e. notice and other fees details of which will be confirmed in the Lease.
Contact our Residential conveyancing team
- 0115 697 2602
- Ruth@ivesandco.com
- Nottingham and Kent
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“We'll support you through the process"
Ruth Stevenson
Director / Solicitor
