Project Description

PURCHASES

Jackie Scott Ltd will be delighted to assist you with any purchase whether it be Freehold or Leasehold or even a park home or beach hut.

When purchasing a property, it is up to the buyer to satisfy themselves on the state and condition of the property. Our advice is that you should always instruct a Surveyor to prepare a report of the property before exchange of contracts. This will provide you with an assessment of the state and the condition of the property and of the likely cost of any recommended programme of remedial works. It will also advise you if further advice or reports are required from specialists. You will then be able to re-assess your original offer in the light of the property’s actual state and condition as evidenced by the survey.

If a Buyer is getting a mortgage then we are required to carry out searches as a matter of course. If you are a cash buyer, it is entirely up to you if you require any searches. The main three searches are:

Local Authority Search

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Water and Drainage Search

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Environmental Search

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We will carry out usual searches and enquiries appropriate to your purchase. As a matter of course we do not have the opportunity to inspect the property. Therefore, if there is any feature of the property or the transaction of which you feel we should be made aware then you should advise us straight away

It is your responsibility as a buyer to insure the property from exchange of contracts unless we have advised you the contrary. If the mortgage lender is arranging insurance, the policy is usually placed on risk automatically. If you are making your own insurance arrangements, you must arrange for the policy to be placed on risk from exchange of contracts.

Timescale

Many factors can have an impact upon the length of time it takes to complete your transaction. If you are part of a chain these factors are multiplied many times. They can include the need for surveys, negotiations on price and problems with lenders which can all lead to things taking longer than they might otherwise have done. The ‘average’ length of time to buy or sell, when no chain is involved, is approximately four to six weeks. When there is a chain it is usually more like six to eight weeks but in some cases may be longer. We will do our best to progress this matter as quickly as we can and will advise you if and when it becomes obvious that things may take longer than expected.

Please contact us today on 01243 823090 for a no obligation, fixed fee quote.

Project

Estimate of Conveyancing Charges

FREEHOLD PURCHASE Price (£)
Jackie Scott Ltd Legal Fees 795.00
VAT 159.00
Telegraphic Transfer Admin Fee 30.00
VAT 6.00
DISBURSEMENTS
Official Priority Search from H M Land Registry 3.00
Bankruptcy Search (£2 per name) 3.00
VAT 0.60
H M Land Registry Registration Fee TBC
Stamp Duty Land Tax TBC
Search Package (Local Authority, Water and Drainage & Environmental) TBC
LEASEHOLD PURCHASE Price (£)
Jackie Scott Ltd Legal Fees 850.00
VAT 170.00
Telegraphic Transfer Admin Fee 30.00
VAT 6.00
DISBURSEMENTS
Official Priority Search from H M Land Registry 3.00
Bankruptcy Search (£2 per name) 3.00
VAT 0.60
H M Land Registry Registration Fee TBC
Stamp Duty Land Tax TBC
Search Package (Local Authority, Water and Drainage & Environmental) TBC

Please note that with a Leasehold purchase there are likely to be several other charges including the Landlords costs for recipting and returning Notice of your purchase. I will be able to advise you of there extra charges as soon as the paperwork is available from the Sellers Solicitors.

HMLR Fees

VALUE OR AMOUNT FEE FOR ONLINE APPLICATION (£)
0 to £80,000 20.00
£80,001 to £100,000 40.00
£100,001 to £200,000 95.00
£200,001 to £500,000 135.00
£500,001 to £1,000,000 270.00
£1,000,001 and over 455.00

CONTACT US TODAY

CALL NOW ON 01243 823090

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