Sale or purchase
At Dollman & Pritchard Solicitors, we understand how important a property sale or purchase is. Whether you are buying your first home, replacing your home or buying a new property to add to or start your property portfolio, our dedicated team will strive to ensure that the transaction proceeds as effortlessly as possible. Our experienced team will work with you and keep you regularly updated on the transaction. We will provide an email address and contact details for the lawyer dealing with your matter so you can contact them at any time to see how the transaction is progressing.
Any property transaction can be subject to unforeseen complexities and by working with you to overcome any such issues quickly and efficiently, we will ensure a smooth transaction to avoid what could otherwise be a stressful experience.
Our residential conveyancing team has extensive collective experience in delivering high quality work in all matters relating to residential conveyancing transactions. We have four members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Graham Norman, Partner and Head of our residential conveyancing department.
Our fees for a sale, purchase or re-mortgage depend upon the value of the property you are buying or selling, or the new loan being taken out and are listed below:
Freehold sale transaction (for leasehold add £50)
|Sale Price||Legal costs exclusive of VAT|
|£400,001.00 - £500,000.00||£900|
|£500,001.00 - £600,000.00||£950|
|£600,001.00 - £700,000.00||£1,000|
|£700,001.00 - £800,000.00||£1,050|
|£800,001.00 - £900,000.00||£1,100|
|£901,000.00 - £1,000,000.00||£1,150|
|£1,000,001.00 - £1,100,000.00||£1,250|
|£1,100,001.00 - £1,200,000.00||£1,350|
|£1,200,001.00 +||0.13% of sale price|
Freehold purchase transaction (for leasehold add £50)
|Purchase Price||Legal costs exclusive of VAT|
|£400,001.00 - £500,000.00||£1,000|
|£500,001.00 - £600,000.00||£1,050|
|£600,001.00 - £700,000.00||£1,100|
|£700,001.00 - £800,000.00||£1,150|
|£800,001.00 - £900,000.00||£1,200|
|£901,000.00 - £1,000,000.00||£1,250|
|£1,000,001.00 - £1,100,00.00||£1,300|
|£1,100,001.00 - £1,200,000.00||£1,400|
|£1,200,001.00 +||0.14% of purchase price|
Freehold re-mortgage transaction (for leasehold add £50)
|Mortgage advance||Legal costs exclusive of VAT|
|£400,001.00 - £600,000.00||£550|
|£600,001.00 - £800,000.00||£650|
Our fee assumes that:
a) this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
b) (in relation to a leasehold sale or purchase transaction) this is the assignment of an existing lease and is not the grant of a new lease
c) the transaction is concluded in a timely manner and no unforeseen complication arise
d) all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e) no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
f) the property is registered at the land registry
For a sale transaction our fee covers all of the work required to complete the sale of your home including redeeming any existing charges.
For an indication of the stages involved and likely time scale for a sale transaction click here.
For a purchase transaction our fee covers all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
For an indication of the stages involved and likely time scale for a purchase transaction click here.
For a re-mortgage transaction our fee covers all of the work required to complete the re-mortgage including redeeming any existing charges and dealing with registration at the Land Registry.
For an indication of the stages involved and likely time scale for a re-mortgage transaction click here click here.
In addition to our fee you will need to pay for disbursements. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees*. We handle the payment of the disbursements on your behalf to ensure a smoother process.
The disbursements vary from property to property. We can give you an accurate figure once we have sight of your specific documents.
For leasehold properties you should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
For examples of the costs and disbursements involved for certain transactions follow the below links:
* Land Registry registration fee
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the HMLR Fee Calculator.
Stamp Duty or Land Tax
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the HMRC Stamp Duty Calculator or if the property is located in Wales by using the Welsh Revenue Authority Stamp Duty Calculator.
To contact one of our specialist residential property team members simply email us at email@example.com or telephone us on 01883 347823. Or you can fill out our contact form or email our office and someone will be in touch within 24 hours.
Our specialist lawyers can help you in the following ways...
A Transfer of Equity is when someone is added to or removed from the title deeds, such as a sole owner adding their husband or wife, a parent adding their son or daughter or a separating couple changing the way the property is owned. If there is a mortgage on the property which is not being paid off you will need to obtain the mortgage lender's permission and also ensure that the person you are transferring the equity to is named on the mortgage document. If there is no mortgage on the property and no money is changing hands then the transfer of equity process should be more straightforward. You may have to pay Stamp Duty Land Tax (SDLT) on transfers of land or property depending on the nature of the transaction. You do not have to pay stamp duty in the following circumstances: If there is no chargeable consideration. If the property is being transferred in a divorce or dissolution of a civil partnership. To contact one of our specialist transfer of equity team members simply email us at firstname.lastname@example.org or telephone us on 01883 347823.
A remortgage is where you pay off your existing mortgage and move to another lender. Some reasons why people remortgage their properties are: To obtain a better interest rate or other more favourable mortgage terms. To consolidate debt. To borrow extra money for another purpose such as renovations to property. It is important to consider the overall cost of remortgaging and whether or not the costs outweigh the benefit. Some mortgage providers offer deals whereby they will pay some or all of your legal costs. You do not have to use the lender's legal provider, you are entitled to appoint you own lawyer to manage your side of the process. At Dollman & Pritchard we can offer solid, practical advice regarding the advantages and disadvantages of remortgaging your property and we will strive to complete the transaction as quickly as possible for you. To contact one of our specialist transfer of equity team members simply email us at email@example.com or telephone us on 01883 347823.
Seeing your brand new home coming together from the ground up can be both a very exciting and anxious time. The excitement of picking carpets and blinds, not to mention the kitchen and bathroom can be exhilarating. Wondering whether everything will work out right in the end can be nerve-racking. We understand that the conveyancing procedure regarding new builds can often be subject to strict time limits. In order to help you move into your new home with as little stress as possible we will offer you full advice on warranties, insurances and planning and building regulations. You will be kept fully informed throughout the process. Instructing our knowledgeable team at Dollman & Pritchard Solicitors will ensure the legal process required for completing on your new build purchase runs smoothly and efficiently. To contact one of our specialist transfer of equity team members simply email us at firstname.lastname@example.org or telephone us on 01883 347823.
As the time remaining on the lease of your flat, maisonette or apartment gets shorter, your property decreases in value and the cost of extending the lease increases. Mortgage lenders are often reluctant to lend on a property with a short lease which makes selling the property much more difficult as the pool of potential buyers is often limited to cash buyers. If your lease is reaching 83-81 years left to run you are advised to arrange a lease extension as soon as possible. If you try and extend a lease that has less than 80 years to run the Freeholder (the owner of the reversionary land) is entitled to a 'Marriage Fee'. This fee is half the estimated increase of the value of the property after the lease extension has been granted. Under The Leasehold Reform, Housing and Urban Development Act 1993, a leaseholder has the right to extend the lease on their property if: They have been the registered proprietor of the property for two years or more; and They were granted a 'long lease', that is a lease of 21 years or more. Typically, the leaseholder surrenders the existing lease and enters into a new one with a term of 90 years in addition to the unexpired term. Therefore, if you have 85 years left on the lease of your property the total amount of time left on the new lease will be 175 years. It may be possible to negotiate terms for a lease extension with the Freeholder without invoking the provisions of The Leasehold Reform, Housing and Urban Development Act 1993. Our experienced team are on hand to assist in that process. When you instruct Dollman & Pritchard Solicitors to deal with your lease extension you can be assured you are receiving accurate advice based on many years of expertise. Lease extensions can be both costly and time-consuming. Therefore it is vital to instruct a firm, such as Dollman & Pritchard, that has the required knowledge and experience of the process. To contact one of our specialist transfer of equity team members simply email us at email@example.com or telephone us on 01883 347823.
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