Our Prices

SRA-Pricing Transparency Rules

As from the 6th December 2018, our regulatory body, the Solicitors Regulation Authority (SRA), requires all law firms to publish their pricing in certain areas of law that they provide.

It is difficult to provide a fixed fee quote for the services we offer especially when the duration of the matter is not known as some matter can be become protracted. In those instances we charge an hourly rate.  Please see our prices below:

All the invoices and rates are excluding 20% VAT and all disbursements

Residential Conveyancing

Our Team

We have an experienced group accessible to assist with sale and purchase of private property.

The Partner of the property team will supervise the work of the team very closely taking entire responsibility for each matter. Associate along with the support of Trainee solicitors will handle the daily telephonic and paperwork. We assure that all Partners and Associates of our firm are fully qualified solicitors.

All the details of experience and qualifications of the team dealing with your matter of sale or purchase will be provided to you at the time of confirming appointment.

The full Residential Property team details can be viewed on our website (www.Singhaniauk.com).

Our Services

Our conveyancing team is renowned among our private clients for delivering highly professional and proficient services. We provide professional advice to clients when purchasing or selling their home or investing in residential property.

The following acts are usually included in our advice and assistance:

  • Property searches and pre contractual enquiries.

  • Transfer of the property and Negotiation of the Contract for Sale.

  • Reporting on the title to the property, and where relevant leasehold documents.  

  • Completion of the purchase or sale and any associated mortgage.

  • Post completion steps including payment of SDLT and registration of the transaction at the Land Registry.

 

Our Fees

 

Purchase of a residential freehold or leasehold property

As the buyer of private property, you must be mindful for the payment of our legal fees and disbursements (referred further) relating to the purchase beside the expenses payable to enroll the exchange at the Land Registry and the payment of Stamp Obligation Arrive Assess (SDLT) due on the purchase. Further details of the likely costs, disbursements and fees are available on request together with the information set out below.

Our fees can differ on the basis of requirements of each purchase as no property is exactly the same. The factors on which our fees will depend is the value of the property, the conveyancer undertaking the work and the complexity of the transaction (including, in particular, whether the property is freehold or leasehold and whether it is being purchased “off plan” or is listed).

Due to the above states reason, we cannot assure you any reliable estimated cost until we have the details of your intended transaction. However, for certain circumstances we provide an indication of our fees:

Freehold Purchase: Our fees for a purchase of a property for a purchase price within £1.5 Million, with the work undertaken by an associate under the supervision of a partner, would be likely to be within the range of £2,000 to £4,500 plus VAT.

Off Plan Leasehold Purchase: Our fees for the purchase of a flat “off plan” as part of a new residential development in London for a purchase price of £1 Million would be likely to be within the range of £3,000 to £4,000 plus VAT.

In the event that the purchase is to be supported by a mortgage, and we are likewise trained to represent the bank or building society, the purchaser will be answerable for the payment of these charges notwithstanding its own. The charges will shift contingent upon the multifaceted nature of the mortgage documentation and the mortgage value yet are likely to be inside the scope of £3,500 to £4,500 plus VAT.

Our fees cover the work required to complete the purchase of your property and include:

  • Requesting and evaluating standard property searches from the pertinent authorities and replies to pre legally binding enquiries from the seller and where applicable the managing agents of the property.

  • The title to the property will be reported to you, where relevant the terms of the lease to the property and the structure of any management company and the results of the information relating to the property obtained from the relevant authorities and the seller.

  • Contract for Sale and Transfer of the property being negotiated.

  • Completion of the purchase and mortgage and, where the purchase is funded by a mortgage, including preparation of a Report on Title for the Bank / Building society.

  • Post completion steps including the preparation and submission of the SDLT form to HMRC and the preparation and submission of the application to register the transfer of the property at the Land Registry.

 

The range of fees given above assumes that:

  • No construction advice is needed. If the property is newly built or in the process of construction and there are contractor’s warranties or appointments that need to be checked, we can provide a separate quote for this.

  • No separate tax advice is required. We can provide you with a separate quote, if specialist tax advice is needed.

  • That there are no major issues with the property such as the need to deal with a lease extension, major defects in the title, or other matters such as impending litigation that may require additional time to be spent.

  • That no mortgage finance is required, or if mortgage finance is required, that any lender is not instructing a third-party solicitor to act for the bank.

  • There are no major defects in the title to the property, that the seller has the relevant planning permissions and building regulation completion certificates and has completed any party wall awards and paid any sums due under any planning agreements.

 

Specialist construction or tax advice is not covered in the range of fees quoted above that may be required. In particular, it may be necessary for you to take specialist tax advice as to whether or not the higher rates of SDLT will apply to your transaction.

Disbursements

Costs that are payable to third parties such as Land Registry fees are called Disbursements. We will handle the payment of the disbursements on your behalf and they will be payable in addition to our costs. The figures stated below assume that a standard local authority search, highways and environmental and planning search are made on your behalf.

  • Search fees - approximately £600 (plus VAT) this fee may vary in respect to the size and location of the property to be purchased and the complexity of the information appropriate for the transaction.

  • Land Registry fee - £455 (assuming purchase price is above £1M and registration is made online).

  • Electronic money transfer fee - £30

 

All rates are subject to the addition of VAT at 20%

 

Stamp Duty Land Tax (SDLT)

The Stamp Duty Land Tax (SDLT) payable by you on completion will depend on the purchase price of your property and other factors such as whether or not you own any additional property or are buying the property in the name of a company rather than an individual or individuals. You can calculate the amount you will need to pay by using the HMRC website.

How long will my house purchase take?

How long it will take from your offer being accepted until you can move into your house will depend on several factors. The average process takes between 4 to 6 weeks but may vary significantly, particularly if your purchase is dependent on one or more linked transactions and finance is required.

Stages of the process

 

The stages of a standard transaction are set out below:

  • Meet with you and or speak with you to discuss the transaction and take instructions.

  • Complete all regulatory checks and provide initial advice.

  • Check finances are in place to fund the purchase and, where appropriate, liaise with bank or building society providing mortgage finance.

  • Receive and negotiate purchase contract documents.

  • Undertake appropriate searches of relevant authorities.

  • Make enquiries of seller’s solicitor relating to their occupation and ownership of the property.

  • Report to you on documents and information received including any mortgage offer.

  • Send the purchase contract to you for signature.

  • Agree a completion date (date from which you own the property).

  • Arrange for payment of deposit and exchange contracts.

  • Arrange for receipt of monies needed to complete purchase.

  • Complete the purchase.

  • Undertake post completion formalities including payment of SDLT and registration of purchase at Land Registry.

 

Sale of a residential freehold or leasehold property

The seller of a residential property will be responsible for the payment of our legal fees and the disbursements (see below) relating to the sale. Further details of the likely costs, disbursements and fees are available on request together with the information set out below.

Our fees can differ on the basis of requirements of each purchase as no property is exactly the same. The factors on which our fees will depend is the value of the property, the conveyancer undertaking the work and the complexity of the transaction (including, in particular, whether the property is freehold or leasehold and whether it is being purchased “off plan” or is listed).

Due to the above states reason, we cannot assure you any reliable estimated cost until we have the details of your intended transaction. However, for certain circumstances we provide an indication of our fees:

 

Freehold Sale: Our fees for a sale of a property for a purchase price within £1.5 Million would be likely to be within the range of £1,500 to £4,000 plus VAT.

Off Plan Leasehold Sale: Our fees for the sale of one of more leasehold flats “off plan” as part of a new residential development in London for a purchase price of £950,000 per flat, with mortgage finance, with the work undertaken by an associate under the supervision of a partner, would be likely to be within the range of £1,000 to £1,600 plus VAT.

Our fees cover the work required to complete the sale of your property and include:

  • Standard property searches from the relevant authorities or providing the buyer with the requisite information to obtain relevant searches and preparing replies to pre contractual enquiries from the buyer and where relevant liaising with the managing agents of the property.

  • Contract for Sale and Lease of the property being prepared and negotiated.

  • Completion of the sale and where the property is subject to an existing mortgage the discharge of the mortgage from the completion monies.

  • Transfer of the completion monies in accordance with your instructions will be included in the post completion steps.

 

The range of fees given above assumes that:

  • No separate tax advice is required. We can provide you with a separate quote, if specialist tax advice is needed.

  • That there are no major issues with the property such as the need to deal with a lease extension, major defects in the title, or other matters such as impending litigation that may require additional time to be spent.

  • There are no major defects in the title to the property, that you have the relevant planning permissions and building regulation completion certificates and have completed any party wall awards and paid any sums due under any planning agreements.

 

The range of fees quoted above does not cover any specialist construction or tax advice that may be required.

Disbursements

Costs that are payable to third parties such as search fees are called Disbursements. We will handle the payment of the disbursements on your behalf and they will be payable in addition to our costs.

  • Search fees (where searches are provided to a buyer) - approximately £550 (plus VAT) this figure may increase depending on the size and location of the property to be purchased and the complexity of the information appropriate for the transaction.  Whist it is often quicker if we can provide the buyer with a package or searches at the outset of a transaction, you may elect for the buyer to make its own searches at its own cost.

  • Electronic money transfer fee -  £30

All fees are subject to the addition of VAT at 20%.

How long will my house sale take?

How long it will take from an offer being accepted until you can complete a sale will depend on numerous factors. The average process takes between 4 to 6 weeks but may vary significantly, particularly if your purchase is dependent on one or more linked transactions and finance is required.

Stages of the process

The stages of a standard transaction are set out below:

  • Meet with you and or speak with you to discuss the transaction and take instructions.

  • Complete all regulatory checks and provide initial advice.

  • Prepare and negotiate contract documents.

  • Where appropriate prepare title information and searches for the buyer to review.

  • Consider and reply to the buyer’s enquiries relating to your occupation and ownership of the property.

  • Send the sale contract to you for signature.

  • Agree a mutually convenient completion date (date from which you must vacate the property).

  • Arrange for receipt of deposit and exchange sale contracts.

  • Complete the sale.

  • Arrange for the transfer of the completion monies to you, less agreed fees and deductions such as agent’s fees and the funds required to discharge any mortgage secured on the property.

Our Fees

Mortgages of residential freehold or leasehold property

The fees to cover the work undertaken will be included in quote given to you at the start of the transaction in case of a new mortgage at the time of purchase or a mortgage is discharged as part of the sale of your property.

If the purchase is to be funded by a mortgage, and we are also instructed to act for the bank or building society, the buyer will be responsible for payment of these fees in addition to your own. The fees will vary depending on the complexity of the mortgage documentation and the mortgage value but are likely to be within the range of £1,000 - £2,500 plus VAT for properties valued under £1.5 Million.

If you already own a property and are looking to re-mortgage the property with an alternative lender, or put in place new security, we will usually charge for the work undertaken on an hourly rate and the level of costs would therefore vary depending on the complexity of the mortgage documents.

 

Complaints

If you are unsatisfied by any of our services or wish to discuss how our services could be improved, you may raise the matter with the Partner overseeing your work.  If you wish to make a formal complaint regarding any of our services including any complaint in respect of our fees, you should do so in writing to the Partner overseeing your work and ask for a copy of complaint procedure. We take all complaints seriously and aim to respond within 21 days. If due to any reason your complaint cannot be resolved within a reasonable time, you can write to the Legal Ombudsman to consider your complaint. The time limit to refer your complaint to the Legal Ombudsman is within six months from the date of our written response to your complaint, six years from the act/omission complained of or three years from when you should reasonably have notice of cause for complaint.

Contact details for the Legal Ombudsman

If your complaint is not resolved with the stipulated time period, you can still raise your complaint with Legal Ombudsman.

You can contact the Legal Ombudsman by email at: enquiries@legalombudsman.org.uk or telephone on 0300 555 0333. Further details of the Legal Ombudsman services can be found at www.legalombudsman.org.uk

Our office

Address

Singhania & Co. Solicitors

134 Buckingham Palace Road

London SW1W 9SA

DX: 2305 Victoria

Email - Info@singhaniauk.com

Tel : +44 ( 0 ) 207 259 0229

Fax : +44 ( 0 ) 207 824 8866