Conveyancing
Purchase
Award Winning Law Firm | Fixed Fees are available.
If you are looking to purchase a property, we offer a fixed fee quote and aim to make the process as simple as possible. Purchasing a property is already stressful especially if you are selling at the same time.
Obtain a quotation for your purchase using our Conveyancing Quote Calculator or see our costs here.
Conveyancing Quote Calculator
At NewBold Solicitors, conveyancing is something at which we excel. We have been accredited with the Law Society Conveyancing Quality Standard as well as receiving several other awards and nominations both locally and nationally.
If you are looking to purchase a property, we are sure that we can assist you.
If you are looking to purchase a property, we are sure that we can assist you.
Buying a property is likely to be the single largest transaction you’ll make in your lifetime. The process can be both stressful and expensive. Choosing a Solicitor to act for you should be as stress free as possible. At NewBold Solicitors we aim to take the stress out of your move.
The conveyancing process is complex and involves numerous checks and searches to be carried out. We aim to offer an excellent service from the moment we receive instructions, right through until the keys are in your hands. Our clients enjoy peace of mind, knowing that all the searches, checks and other legal formalities will be completed thoroughly.
The conveyancing process is complex and involves numerous checks and searches to be carried out. We aim to offer an excellent service from the moment we receive instructions, right through until the keys are in your hands. Our clients enjoy peace of mind, knowing that all the searches, checks and other legal formalities will be completed thoroughly.
Costs Information
A fixed fee quotation can be obtained using our Conveyancing Quote Calculator (green button at the top of the page) or by clicking here.
All purchase quotations will consist of legal costs (the costs for the services provided which are subject to VAT (currently 20%)) and disbursements. Disbursements are necessary third party costs such as search costs, Stamp Duty Land Tax/Land Transaction Tax and Land Registry registration Fees etc.
As a standard and generally speaking, our fixed fee for acting in the purchase of a property consists of the following: –
- investigating the title to the property, to include
- carrying out searches with respect to title and local government information for the property
- reviewing replies given by the seller to pre-contract enquiries
- negotiating a purchase contract;
- negotiating a transfer document;
- advising you in respect of your mortgage offer (if any);
- preparing a report on title
- proceeding to exchange of contracts and then completion of the purchase
- transferring funds by telegraphic transfer to the Seller’s Solicitors and for relevant taxes;
- calculating stamp duty land tax (SDLT) or land transaction tax (LTT) on the purchase and preparing and submitting to HM Revenue & Customs/ the Welsh Revenue Authority the appropriate SDLT/LTT form. Please note that we are not tax experts and are not regulated to provide tax advice. Calculations are based on general guidance only. We recommend that you obtain independent tax advice prior to exchange of contracts
- obtaining your NHBC or other New Home Warranty documentation
- registering the purchase and the mortgage or second charge (if any) at the Land Registry
Unless otherwise advised, any quotation is given on the basis that:
- the property is currently held under a single freehold title at the Land Registry with no title defects
- one contract is submitted to one purchaser
- the purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession
- completion takes place on the date agreed in the contract or within the notice period served by the Developer
Timescale Information
On average a conveyancing transaction takes between 10-15 weeks to complete from receipt of the draft Contract Pack although this is very much an average and some transactions will complete sooner and some will take exceed this timescale. More complex transactions such those involving leasehold properties, management companies, transfers of part etc will likely take longer to progress than standard transactions.
As a very rough guide and noting that all transactions can proceed slightly differently and at different timescales due to the complexities involved in a conveyancing transaction, we would consider the key stages to be the very basic stages:
As a very rough guide and noting that all transactions can proceed slightly differently and at different timescales due to the complexities involved in a conveyancing transaction, we would consider the key stages to be the very basic stages:
- Issue of the draft Contract Pack to the Buyer’s Solicitors;
- Buyer’s Solicitors carry out their investigation of title, which generally includes obtaining searches and raising additional enquiries. This stage is usually completed whilst other formalities such as mortgage arrangements are undertaken;
- Buyer’s investigation of title and supplemental arrangements are completed and pre-completion arrangements are made (arrangements for exchange of contracts and completion);
- Completion takes place and post-completion formalities are attended to.
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Landlords FAQ
- Do I need to use a Solicitor/Conveyancer to purchase a property?
- The use of a Solicitor/Conveyancer is very much recommended and specifically required where you are purchasing with the assistance of a mortgage.
- Will my Solicitor/Conveyancer provide advise on Stamp Duty Land Tax (SDLT) or Land Transaction Tax (LTT)?
- No. Whilst a general calculation may be produced based on information provided via the relevant SDLT/LTT calculators, this is not advice and should advice be required, this should be sought from a person suitably qualified to provide such advice as the tax rules can be intricate.
- Do I need to have conveyancing searches?
- The use of conveyancing searches is very much recommended and in most cases specifically required where you are purchasing with the assistance of a mortgage. We utilise personal searches where possible which can be returned sooner than official searches.
- Will my Solicitor/Conveyancer deal with any issues which arise in my survey?
- No. The results of your survey are for you, however, our Solicitors/Conveyancers will review the section entitled ‘Issues for your legal advisor ’if the report is forwarded. Solicitors/Conveyancers are not suitability qualified to interpret the remainder of the report and you should discuss this with your surveyor. Should anything be unsatisfactory for which you may wish to seek a price reduction, any negotiations should be dealt with via any Estate Agents and your Solicitor/Conveyancer kept updated as to the conclusion.
- How many people can purchase land/property?
- The Land Registry only accommodates up to four people to be registered as legal owners of a land/property. Should more than four persons wish to have an interest in land other arrangements would need to be made to purchase such as via a company, trust or other investment vehicle.
- How can I get a quotation for the sale or purchase of a property?
- We have a Conveyancing Quote Calculator which is embedded within our website. Once you enter the details of your intended sale/purchase a quotation can be provided. However if you prefer to speak with our friendly staff, please call our offices where we will be pleased to arrange a quotation for you.
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