Buying a new property or selling an existing one can be one of the most stressful experiences of your life. Our Conveyancing Team can relate to these experiences as we understand the importance of communicating with clients, the importance of acting quickly so there are no delays and far more importantly, in providing a value for money service.

We offer a high – quality driven service that meets the expectations of our clients. As our core business is conveyancing, we have been able to streamline our conveyancing procedures, which have resulted in transactions being dealt with quickly and more cost effectively. We make buying and selling simple and we offer a complete and personal service in all aspects of residential freehold and leasehold transactions.

More specifically, our services include:

The acquisition and sale of leasehold and freehold residential property;
Remortgages;
Shared Ownership buys;
Right to buys;
Grant or Assignment of a Commercial Lease 

Should you decide to use our services, you will be assigned a dedicated Personal Solicitor to take care of all the legalities of your sale or purchase.

Residential Conveyancing – Costs and service Information

Our commitment to transparent pricing

At VIRGO Solicitors Limited, we ensure that the costs of your conveyancing transaction are fully transparent right from the outset of receipt of clients’ instructions, with no ‘hidden costs’. We provide a bespoke quote for every matter taking into account particular circumstances of the transaction and the client’s special instructions (if any). There are several factors that influence our residential conveyancing price quotations as outlined below:

Legal fees – sale or purchase – Freehold properties

Property Value: £0 – £100,000: From £680 + VAT
Property Value: £100,001 – £260,000: From £880 + VAT
Property Value: £260,001 – £350,000: From £995 + VAT
Property Value: £350,001  £500,000: From £1,500 + VAT
Property Value: £500,001 – £750,000: From £1650 + VAT
Property Value: £750,001 – £1,000,000: From £1,800 + VAT
Property Value: Over 1 million pounds – please call us on 0203 489 7010 for more information.

Legal fees – sale or purchase – Leasehold properties

A Leasehold surcharge of £380+ VAT is payable for all leasehold transactions. This is due to the additional conveyancing work required in dealing with the Lease and correspondence with the Landlord and Management company (if applicable).

Stamp Duty Land Tax submission fee: £150 + VAT
Professional indemnity insurance contributions fee: £50+VAT
File/Archive fee: £50+VAT

Additional Items

Electronic Funds Transfer fee (per transfer, including to mortgage company): £36 + VAT
Electronic Identification Verification fee: £5.95 inc. VAT
New Build Property or Shared Ownership Scheme surcharge: £75 + VAT (n.b. only one surcharge will ever be applicable so if you are buying a new build, leasehold property through a shared ownership scheme only one surcharge will apply).
Help to Buy or Lifetime ISA surcharge: £50 + VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as the Land Registry. We manage the payment of these fees to make the conveyancing process run more smoothly.  We will provide you with a bespoke quote outlining our full residential conveyancing prices and the particular disbursements relevant to your matter.

Disbursements – Sale transactions

Energy Performance Certificate (if required): £80 + VAT
Land Registry Official Copy Register Entries: £6 – £24
Allowance for Management Company charges: £200 approximately (please note that the precise amount varies from property to property and we will be able to advise you of the exact amount  once we have had sight of your documentation relevant to the transaction).

Disbursements – Purchase transactions

Disbursements are costs (i.e. expenses), related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

The following comprise the usual disbursements:

Search fees – between £200.00 and £280.00 depending on the type and volume of searches required
Stamp Duty Land Tax – this depends upon a variety of factors . A calculation is available through the HMRC website
Land Registry Search (Bankruptcy): £2 per person
Land Registry Search (to protect the title): £3
Land Registry fee: £40 – £540 (depending on the value of the property), please see the Land Registry website for further information
Stamp Duty Land Transaction Tax – Please see HMRC website for further information or the Welsh Revenue Authority if the property you are purchasing is located in Wales.
Managing Agents pack on sale of leasehold – this can only be ascertained on receipt of documents but the average charge is approximately £360.00 inc. VAT, but can vary depending on the Managing Agent or Freeholder
Notice and compliance fees on leasehold purchases – these can only be ascertained during the transaction but typically can range between £240.00 to £480.00 inc. VAT

You should also be aware that Ground Rent and Service Charge are likely to be payable throughout your ownership of the property.  Once we have had sight of the Lease for your proposed purchase we will be able to advise you of these.

Factors that could affect our residential conveyancing prices

If the legal title is defective or part of the property is unregistered
If building regulations or planning permission have not been obtained
If the property is shared equity
If we are required to deal with multiple lenders
    If there is a requirement for a lease extension

How long will a purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-8 weeks.
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 take 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such, a situation additional charges would apply.

Stages of the purchase process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:

Take your instructions and give you initial advice
Check finances are in place to fund purchase and contact lender’s solicitors if needed
Receive and advise on contract documents
Carry out searches
Obtain further planning documentation if required
Make any necessary enquiries of seller’s solicitor
Give you advice on all documents and information received
Go through conditions of mortgage offer with you
Send final contract to you for signature
Agree completion date (date from which you own the property)
Exchange contracts and notify you that this has happened
Arrange for all monies needed to be received from lender and you
Complete purchase
Deal with payment of Stamp Duty/Land Tax
Deal with application for registration at Land Registry

How long will a sale take?

A sale is affected by many of the same factors as a purchase as your buyer may have to secure a mortgage and you may be linking your sale with an onwards purchase.  Likewise, your buyer may have a related sale.

Stages of a sale process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:

Take your instructions and give you initial advice
Obtain a redemption statement for your mortgage (if you have one)
Obtain Official Copies Register Entries from the Land Registry for your property or the Deeds to your property (if unregistered)
Prepare the draft sale contract and send to the buyer’s solicitors
Answer queries from the buyer’s solicitors including obtaining copies of any missing building regulation approvals and guarantees (i.e. FENSA window guarantees)
Send final contract to you for signature
Agree completion date with you and the buyers (and any other related transactions)
Exchange contracts and notify you that this has happened
On completion – redeem any mortgage on the property and arrange for the release of the keys to the buyers
Send the balance of funds to you

If we can be of any further assistance, please do not hesitate to contact our dedicated conveyancing team on 0208 885 3999

Our Residential/Commercial property team

Your transaction will be handled by a member of our experienced
Residential/Commercial Conveyancing team supported by a dedicated legal
assistant.

Our Conveyancing Team is led by Dr. Abess Taqi who is a practising Solicitor and Notary Public in England and Wales. Abess is also an experienced Conveyancer. Abess can be contacted at our offices and his contact details are as follows: Tel: 0208 885 3999; Email: abess@virgosolicitors.co.uk; Fax 0208 885 4114.

Abess’s Legal Assistant, Mrs. Sengul Turgut, who is a qualified Paralegal, will have access to your file and matter, and she will be able to respond to any query/queries that might arise during the course of your transaction. We try hard to avoid changing the people who are handling your work but if this cannot be avoided, we will notify you promptly who will be handling your work and why the change is necessary. Ms. Turgut can be contacted at our offices and her contact details are as follows: Tel: 0208 885 3999; Email: shen@virgosolicitors.co.uk; Fax 0208 885 4114.

The person with overall responsibility for supervision of your conveyancing matter is Ms. Yemen Sangari. Yemen is a qualified Solicitor with authorisation to practise in England & Wales. Yemen can be contacted at our offices and her contact details are as follows: Tel: 0208 885 3999; Email: yemen@virgosolicitors.co.uk; Fax 0208 885 4114.