Buying And Selling Residential Property

Select An Area... What is involved: the Conveyancing Process? Selling A Property Buying A Property ----- Investigation Of Title ----- Why Do All Those Searches? ----- Your Mortgage When Is A Survey Needed? Finally On The Day Of Completion How Long Does It All Take? What Will It Cost? Fraud And Money Laundering Final Reminders

What Will It Cost?

It is our practice always to give estimates of what our professional charges are likely to be at the time when we are instructed. In setting our costs we will take into account a number of matters including:

• Our assessment of the likely complexity of the matter.
• The amount of time we might have to spend dealing with the matter
• Whether or not a mortgage is involved, the type of mortgage, and the bank or building society who will supply the mortgage. (Some banks and building societies have far more streamlined procedures and hence are easier to deal with than others!)
• The purchase or sale price of the property

We will set out our estimate fairly and fully giving information as to the disbursements (search fees, stamp duty, land registry fees etc) as well as our own professional charges. We will always endeavour to honour our original estimate. From time to time however complexities arise which we could not have anticipated at the time when we gave the original estimate. For example it may transpire that the title to a property being sold is not properly in order. This may result in us having to levy an additional charge for the extra work involved. We will always try to forewarn clients where this might happen.

Everyone's circumstances are individual and it is for this reason that we do not offer a quote on line. We believe in providing a tailored individual service for our clients. For a preliminary discussion and estimate, please contact one of the fee earners profiled on this page.

We ask for an initial payment of £225.00 on account of the search fees that we will be undertaking for you. This will of course be brought into the final account in due course. Apart from this initial payment, we will ask you for payment of any balance of money due to complete your purchase and our own professional charges and disbursements about seven days before completion.

The articles on legal topics published in these pages are for interest only and are necessarily general in their terms. You should not act (or refrain from acting) on the basis of the information given without specific advice, as the principles and laws concerned may change, and their application will vary according to the particular circumstances.