Our Prices - Conveyancing Services
Residential Conveyancing Services
Our conveyancing services are provided by a highly experienced team of Mr Richard Barca and Mr Patrick Shore, Partners of the firm, together with our conveyancing specialists, Mr Eric Lo, a Consultant Solicitor and Ms Catherine Sui a Consultant Licensed Conveyancer. Details of their qualifications and experience together with their hourly rates (£250 - £300 +VAT currently 20%) can be accessed here
Our Pricing Policy
You will find below details of our fees and how they are calculated for the following services:
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Purchases and Sales of Freehold Properties
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Purchases and Sales of Leasehold Properties
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Re-Mortgaging of Freehold and Leasehold Properties.
Please note: all our conveyancing fees, whether fixed or charged on an hourly basis, are subject to VAT (currently at 20%). All references to VAT in these pages,
whether in relation to our professional fees or disbursements (expenses / costs of a third party) are subject to VAT at this current rate.
Fixed - Fees & Disbursements
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Fixed – fees
Following your initial enquiry and knowledge of the type of property involved, Freehold or Leasehold, the nature of the transaction, Purchase, Sale or Remortgaging and the agreed Purchase / Sale Price of the property, we will provide you with an estimate based on the following tables:
Table 1. Freehold Purchases
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Estimated Fee
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Properties up to £350,000
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£1,350 + VAT
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Properties above £350,00 and up to £2 million:: for every £100,000 increase there is an additional fee of £100 +VAT; for smaller increases in value the additional fee is adjusted proportionally (i.e. pro rata): See examples below:
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Property of £450,000 (i.e. increase of £100,000)
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(£1,350 plus £100)
Total = £1,450 + VAT
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Property of £600,000 (i.e. increase of £250,000)
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(£1,350 plus £250)
Total= £1,600 + VAT
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Property of £825,000 (i.e. increase of £475,000)
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(£1,350 plus £475)
Total= £1,825 + VAT
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Property of £1,500,000 (increase of £1,150,000)
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(£1,350 plus £1,150)
Total= £2,500 + VAT
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Property of £2 million (increase of £1,650,000)
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(£1,350 plus £1,650) Total= £3,000* + VAT
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For Properties above £2 million - £50 + VAT per £100,000 increase is added to the above fee of £3,000* + VAT: See example below
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Property of £2,500,000 (increase of £500,000 above £2 million)
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(£3,000* plus £250) Total = £3,250 +VAT
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Additional Chargeable Work
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Estimated Fee
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Where the purchase involves a cash payment by the Buyer either to meet the whole of the purchase price or as deposit (+ mortgage), the law requires an investigation of its source in compliance with money laundering regulations. There is an additional charge for this work which is determined by the complexity of the searches required.
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£100 - £250 + VAT
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Table 2.Freehold Sales
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Estimated Fee
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Fees are calculated in a similar manner to Freehold Purchases in Table1. above
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As above for Freehold Purchases.
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Additional Chargeable Work
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Estimated Fee
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In the event the Buyer’s solicitor requests us to undertake a full, electronic Identification search of the Seller there is an additional charge for the work involved. (
See Disbursements for agency costs of this process)
There is no requirement for Money Laundering searches relating to the Seller of a property and no additional fee is applicable.
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£150.00
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Table 3.Leasehold Purchases
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Estimated Fee
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Properties up to £350,000
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£1,600 + VAT
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Properties above £350,00 and up to £2 million: for every £100,000 increase there is an additional fee of £100 +VAT; for smaller increases in value the additional fee is adjusted proportionally (i.e. pro rata): See examples below:
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Property of £450,000 (i.e. increase of £100,000)
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(£1,600 plus £100)
Total = £1,700 + VAT
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Property of £600,000 (i.e. increase of £250,000)
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(£1,600 plus £250)
Total= £1,825 + VAT
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Property of £825,000 (i.e. increase of £475,000)
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(£1,600 plus £475)
Total= £2,075 + VAT
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Property of £1,500,000 (increase of £1,150,000)
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(£1,600 plus £1,150)
Total= £2,750 + VAT
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Property of £2 million (increase of £1,650,000)
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(£1,600 plus £1,650) Total= £3,250* + VAT
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For Properties above £2 million - £50 + VAT per £100,000 increase is added to the above fee of £3,250* + VAT: See example below
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Property of £2,500,000 (increase of £500,000 above £2 million)
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(£3,250* plus £250) Total = £3,500 +VAT
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Additional Chargeable Work
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Estimated Fee
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Where the purchase involves a cash payment by the Buyer either to meet the whole of the purchase price or as deposit (+ mortgage), the law requires an investigation of its source in compliance with money laundering regulations. There is an additional charge for this work which is determined by the complexity of the searches required.
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£100 - £250 + VAT
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Table 4. Leasehold Sales
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Estimated Fee
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Fees are calculated in a similar manner to Freehold Purchases inTable 3 above
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As above for Freehold Purchases.
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Additional Chargeable Work
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Estimated Fee
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In the event the Buyer’s solicitor requests us to undertake a full, electronic Identification search of the Seller there is an additional charge for the work involved. (
See Disbursements for agency costs of this process)
There is no requirement for Money Laundering searches relating to the Seller of a property and no additional fee is applicable.
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£150 + VAT
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Table 5. Combined Sales & Purchases of Freehold or Leasehold Properties
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Estimated Fee
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When a property Sale is directly linked to the Purchase of another and is in a chain of transactions we offer a 5% discount on both the Sale and Purchase
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5% is deducted from the applicable fees above before adding VAT
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Table 6. Remortgaging
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Estimated Fee
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Freehold Properties
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0.1% of the value of the Loan + VAT
Subject to a Minimum Fee of £450 + VAT
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Leasehold Properties
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0.1% of the value of the Loan + VAT
Subject to a Minimum Fee of £750 + VAT
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Disbursements
These expenses are in addition to our professional fees though in most circumstances we will arrange their payment on your behalf in order to ensure as smooth a transaction as possible. It is our practice to seek money on account of disbursements when you instruct us. You will note in the table below that the number and cost of disbursement varies considerably though in almost all cases those incurred in the purchase of a property are significantly greater than required by a sale. Official Searches, Stamp Duty Land Tax & Registration Fees usually form the bulk of disbursements in the purchase of a property. Surveys of a property are usually arranged and paid for the Buyer independently of his/her solicitor and the cost vary depending upon the depth of the assessment (usually £750 - £2,000 + VAT).
Typical Disbursements Purchase of Freehold & Leasehold Properties
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Estimated Cost
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Official Searches
The number of searches required will depend upon the nature and location of the property. The following are the most common:
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Local Authority Search
(Cost varies with the Authority)
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Water and Drainage Search
(Cost varies with the Water Company)
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Environmental Search
(Cost varies with the Authority)
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£150 - £350 +VAT
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£75 - £100 +VAT
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£75 - £100 +VAT
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Stamp Duty Land Tax
Liability for SDLT will depend on the value of the property and the number of properties owned
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See Gov.UK website
www.gov.uk/stamp-duty-land-tax
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Land Registry Fees
Relates largely to the purchase price of the property
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£150 - £500 (No VAT)
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Leasehold Properties: Landlord’s Fee upon notification of the Transfer and any Charge against the property
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£50 - £250 + VAT
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Land Registry / Land Charges Searches
Priority and Bankruptcy Searches
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Usually
£7 - £15 (No VAT)
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Typical Disbursements
Sales of Freehold & Leasehold Properties
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Estimated Cost
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Official Copies of Land Registry Titles, Leases etc
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Usually
£6 - £24 (No VAT)
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Leasehold Properties: Landlord’s / Management Agent’s Fee for providing a Management Pack
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£250 - £450 + VAT
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Electronic ID Search: Agency’s fee in the event the Buyer’s solicitor requests such evidence
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£100 - £200 + VAT
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Typical Disbursements
Common to all Purchases and Sale
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Estimated Cost
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Bank Charges
For the telegraphic same day transfer of Completion Funds, Redemption Funds and Proceeds of Sale
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Each Transfer
£12 + VAT
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Postage
For Tracked and Special Deliveries if necessary
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Each Package
£4 - £24 + VAT
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The Key Stages and Services provided in the Purchase of a Property
We would expect a standard residential property purchase, without unforeseen complexities or delays in obtaining essential documentation to take between 8 and 12 weeks, and to progress along the following route:
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Taking your instructions, checking your identification documentation and noting other essential details, e.g. the nature of the property and reasons for its purchase
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Investigating the proposed finance for the purchase and initiating contact with lender (if applicable)
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Confirming our instructions to the Seller’s Solicitor
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Receiving and advising you on the proposed contract and accompanying documents provided by the Seller’s solicitor
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Undertaking official searches and obtaining planning documentation if applicable and obtaining all necessary documentation relating to the property.
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Make necessary enquiries of Seller’s Solicitor
Please note: in the case of a leasehold property additional documentation and information is required of the landlord and a greater number of enquiries are required. This additional work is reflected in the higher fees for undertaking leasehold transactions
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Review and advise on the documentation and replies received from the Seller’s solicitor
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Checking and discussing with you the details of the your mortgage offer (if applicable)
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Negotiating any amendments to the contract with the Seller’s solicitor.
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Discussing your preferred Completion Date to be agree with the Seller
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Drafting the Transfer Deed and discussing any necessary amendment with the Seller’s solicitor.
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Arranging for you to sign the Contract and Transfer Deed
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Exchange of Contracts
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Arrange for receipt of all Completion monies from yourself and your lender (if applicable)
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Completion of the Purchase
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Drafting and submission of a Stamp Duty Land Tax return with payment
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Registration with of the transfer of ownership with the Land Registry and arranging payment of its fees.
The Key Stages and Services provided in the Sale of a Property
As with Purchases we would expect a standard residential property sale which does not encounter any unforeseen difficulties to complete within 8 – 12 weeks of your instructions. The key stages mirror or complement those of a purchase and include the following:
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Taking your instructions, checking your identification documentation and noting other essential details, e.g. the nature of the property and reasons for its sale
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Drafting the Contract to be forwarded to the Buyer’s solicitor together with all the relevant documentation available as evidence of your ownership and right to sell the property (often referred to as the ‘Contract / Sales Pack’ )
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Reviewing your responses in the Protocol Forms – questionnaires about the nature / history / condition / contents & fittings of the property.
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If a leasehold property requesting the Landlord /Management Agent to complete the Protocol Form ‘LPE 1’ for information about ground rent, service charges and maintenance of the property together with all relevant documentation (the Management Pack); payment of the Landlord’s /Agent’s fee for this service
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Reviewing the conditions on which any mortgage can be redeemed (paid-off at Completion) and making an initial contact with lender.
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Replying to the enquiries of the Buyer’s solicitor following his/her review of all the information / documentational already forwarded by us and the results of their own official searches
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Obtaining any further information / documentation requested by the Buyer’s solicitor e.g. copies of planning permissions if not originally available
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Reviewing the Transfer Deed drafted by the Buyer’s solicitor
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Finalising the terms of the Contract and amending the Transfer Deed if required
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Arranging for you to sign the Contract and Transfer Deed
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Exchange of Contracts
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Completion of the Sale
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Redeem any mortgage or legal charge against the property
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Distribute the proceeds of sale as instructed
The Key Stages and Services provided in the Remortgaging of a Property
The guide below applies to a typical remortgage where the lender is a bank/building society and not an individual. The transaction usually takes approximately 3 – 5 weeks, though might be longer if the lender requests Official Searches to be carried out.
We will undertake the following where applicable:
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Obtaining the title deeds of the property if available
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Obtaining Official Title Documents from the Land Registry)
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In the event that there is a current mortgage on the property request a Redemption Statement from the Lender.
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Review all Title Documents
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If a leasehold property check the provisions of the lease and enquire of the Landlord / Management Agent about the status of any ground rent and service charges accounts. The Lender might request that we review a full Management Pack.
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Review and discuss with you the conditions of the Mortgage Offer
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Prepare all documentation, including a Certificate of Title and Mortgage Deed for Completion
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Arrange for you to sign the Mortgage Deed
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Request a final Redemption Statement
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Request the Mortgage advance and Complete the Mortgage
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Registration at the Land Registry of the Mortgage (Legal Charge) against the Title
Details of any disbursements
incurred during the remortgaging process are provided in the table of disbursements relating to purchase and sales above.
Application of Hourly Rates to Additional Work
In some cases where there are unforeseen complexities and the need arises for additional work, not usually covered by our fixed-fees, it might be necessary to charge for the extra work at the hourly rate of the conveyancer dealing with your transaction. You will be notified and your authority sought to proceed should this need arise. The following are examples of circumstances which could lead to additional work and fees:
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the legal title is defective e.g. a prior mortgage has not been removed from the title;
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the title is unregistered;
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there is a requirement for the Seller to enter into a Deed of Assignment with the Landlord and the Buyer a Deed of Covenant
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the need to comply with a restriction in the Title
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the need to obtain retrospective consent to alterations in the property.
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you have more than one mortgage secured against the property;
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you are obtaining financial contributions from third parties i.e. other than a bank or building society;
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you are purchasing under the help to buy scheme or using a complex funding arrangement;
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additional checks are required for rural properties or listed buildings.