Acting for you in respect of your purchase of a residential property: As part of this service we will: In relation to leasehold properties we will also: Make enquiries with the Landlord’s or their agents via the Seller’s solicitors in respect of the arrangements for management/ maintenance of the building in which your leasehold property is located, including communal parts How long it will take from your offer being accepted until you can move in to your new home will depend on a number of factors. The average process takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date. 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 vary depending on the developer or your mortgage lender issuing a mortgage offer. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer,. In such, a situation additional charges would apply. Our fee for dealing with a normal conveyancing property purchase range between £650 plus VAT to £4295 plus VAT depending on the purchase price and other factors related to the property. For more complex transactions, the fee could range from £3500 plus VAT to £15000 plus VAT. We can give you an accurate breakdown of the costs when we have details of the property you are purchasing or selling so please do email us for a precise breakdown at info@angel-law.co.uk If you are buying with the assistance of a mortgage, we charge an additional fee of £395 plus VAT to £495 plus VAT (depending on the amount of the loan and the complexity), assuming the mortgage is being provided by a high street lender. If the loan is a buy to let loan or a bridging finance loan, the fee could be between £395 plus VAT to £3500 plus VAT (depending on the amount of the loan and the complexity). The fees for acting on behalf of the lender include: Additional fees may apply in instances that fall outside of the normal conveyancing transaction. Please see Potential Additional Fee section below. and You should note that for all new clients of the firm, we will conduct an electronic ID search for Anti Money Laundering compliance. The administrative fee for arranging these checks is £35 plus VAT. If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending completion money to your seller’s solicitors on completion, the cost of this and the amount we pay to the bank for the transfer is £47 plus VAT Your fee will reflect work involved in your transaction. Our fee assumes that: There may be additional documents and, requirements of your specific purchase, based on the documentation required to transfer the title into your name, or to deal with specific parties involved in your transaction. We have set out in the Potential Additional Fees section situations that may arise which would attract additional fees. We will of course notify you of any additional costs and disbursements before they are incurred. Please note that if for any reason we are unable to proceed or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out. Preferential rates may apply to returning clients and those that are recommended to us by one of our business partners. Please contact us to find out more about any discounts that may be applicable. You should note that these disbursements can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate indication of costs once we have had sight of the specific documents for your purchase. Other disbursements may apply depending on the terms of your Lease. We will update you on the specific fees upon receipt and review of the lease from the Seller’s solicitors. We always provide clients with a fee estimate at the start of each new matter, therefore if you would like a bespoke estimate for your particular matter/ case please contact us to discuss. If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations: This list is not exhaustive, and if there are additional fees that you may incur we will inform you in advance. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry Fees, or Landlord Fees (if appropriate). We will inform you accordingly. Acting for you in respect of your sale of a residential property: As part of this service we will: In relation to leasehold properties we will also: How long it will take from you accepting the buyer(s) offer to completing sale will depend on a number of factors. The average process takes between 6 to 8 weeks to exchange, and a further 2 weeks before completion, dependent on all parties involved being agreeable to the completion date. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a buyer involved in a chain, or a first time buyer it could vary the timescale. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation, additional charges would apply. Leasehold matters often take longer due to the additional parties involved in the transaction, including landlords/ managing agents/ companies. Our fee for dealing with a normal conveyancing property purchase range between £650 plus VAT to £4295 plus VAT depending on the purchase price and other factors related to the property. For more complex transactions, the fee could range from £3500 plus VAT to £15000 plus VAT. We can give you an accurate breakdown of the costs when we have details of the property you are purchasing or selling so please do email us for a precise breakdown at info@angel-law.co.uk If there are charges/mortgage over the property you are selling, we charge an additional fee of between £150 plus VAT to £495 plus VAT depending on the loan amount and assuming the mortgage is with a high street lender. This includes: Additional fees may apply in instances that fall outside of the normal conveyancing transaction. Please see Potential Additional Fee section below. and You should note that for all new clients of the firm, we will conduct an electronic ID search for Anti Money Laundering compliance. The administrative fee for arranging these checks is £35 plus VAT. If we are arranging the transfer of funds electronically, we will charge a fee for our time involved in arranging each transfer, for example sending the proceeds of sale to you on completion, the cost of this and the amount we pay to the bank for the transfer is £47 plus VAT. Your fee will reflect work involved in your transaction. There may be additional documents and, requirements of your specific sale, be it based on the documentation required to transfer the title into the buyer’s name, or to deal with specific parties involved in your transaction. We have set out in the Potential Additional Fees section situations that may arise which would require us to charge you additional fees. We will of course notify you of any additional costs and disbursements before they are incurred. Please note that if for any reason we are unable to proceed or you choose to close your matter after you have instructed us, you will still be charged for any work (including additional work) that we have carried out. You should note that these disbursements can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate indication of costs once we have had sight of the specific documents for your purchase. Other disbursements may apply depending on the terms of your Lease. We will update you on the specific fees upon receipt and review of the lease from the Seller’s solicitors. We always provide clients with a fee estimate at the start of each new matter, therefore if you would like a bespoke estimate for your particular matter/ case please contact us to discuss. If your case involves unexpected complications, we will always inform you, including any additional fees that may apply, so that you can make an informed decision as to how to proceed. You should be aware that additional fees will apply in the following situations: This list is not exhaustive, and if there are additional fees that you may incur we will inform you in advance. In addition to our legal fees for some items above you may incur an associated disbursement, such as additional Land Registry Fees, or Landlord Fees (if appropriate). We will inform you accordingly.Conveyancing Pricing Information
Residential Purchase Freehold and Leasehold
The Service
Average timescales
What is the Estimated Fee
Information on Estimated Fees
Likely disbursements and recharges/ expenses (these are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process)
Potential Additional Disbursements
Potential Additional Fees
Residential Sale Freehold and Leasehold
The Service
Average timescales
What is the Estimated Fee
Information on Estimated Fees
Likely disbursements and recharges/ expenses (these are costs related to your matter that are payable to third parties. We handle the payment of the disbursement on your behalf to ensure a smoother process)
Potential Additional Disbursements
Potential Additional Fees
Angel Law, 12 Chapel Market, Islington, London N1 9EZ | Tel: 020 7837 7877 | Fax: 020 7689 1570 | angel-law.co.uk | info@angel-law.co.uk