Our charges will be dependent upon the purchase or sale price of the property with our minimum fee being £400 plus VAT for properties up to £100,000.00. Where the price does not exceed £300,000.00 then our fees will be £600.00 plus VAT.
In addition there will be disbursements in connection with your sale such copies of your title from H M Land Registry which currently costs £3.00 per document. In connection with a purchase the disbursements will include environmental, coal authority, drainage and Local Authority searches which in Carmarthenshire currently cost approximately £255.00 although the actual cost will depend upon the geographical location of the property concerned. The search costs will include VAT where applicable.
In addition on a purchase you will have to pay Land Registry fees and this will be dependent upon the purchase price. Where you are purchasing property as a New Build from a Developer or are using the Help to Buy Scheme, Shared Equity or Affordable Housing then different fees will apply. Full details with regard to all the fees and disbursements you will incur will be fully listed in our client care letter which we will send to you at the outset of a transaction and which you will be required to sign before we undertake any work.
Where we are dealing with a Re-Mortgage not involving a purchase our charges will be £350.00 plus VAT and in addition you will have to pay the relevant search fees required by the Lender and the relevant Land Registry Fees, full details of which will be provided in our client care letter.
The fees we charge are fixed unless a transaction becomes particularly complex or difficult then we reserve the right to make further charges and in those circumstances we would discuss the matter with you beforehand.
We will submit all relevant searches and raise enquiries based on the documentation provided and instructions from you and we will investigate the title to the property. We will provide the necessary services required to conclude the transaction involving your sale or/and purchase and to advise you fully thereon.
If you are buying a Leasehold property or if the property is not registered at H M Land Registry then further charges will be incurred as you will have to supply information from the Management Company and the charge for this (which is payable to the Management Company) is usually in the region of £200 – £300. Additionally if you are purchasing a Leasehold properties there will be notice fees payable to the Landlord and the Management Company. We will charge extra for dealing with Leasehold properties.
You may be required in the event of a sale to supply a Defective Title Indemnity Policy which we can obtain from a third party and we will discuss the cost of the same with you.
It is difficult to estimate the timescale of a typical transaction but in general terms where there is a chain we would expect contracts to be exchanged within six to eight weeks with completion thereafter as agreed.