Thank you for looking at our property services. Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling a home. We will guide you through each step of the transaction and tailor our service to your personal requirements, so you get exactly the service you need.
When it comes to selling a property, there are important decisions you need to make and we are here to ensure that your all your legal obligations are met. There are lots of boxes to tick and we want to assist you in selling your house quickly and efficiently, leaving you free to move on to your next property.
We have an experienced team who understand the stresses involved in selling property. Our approach is a simple – we provide a first-class service from our expert team who make the difference by taking care of all the important legal details and removing any confusion and uncertainty from the process of selling a property.
Whether you are selling your property through an estate agent or privately, we will make everything as clear as possible. Our team are made up of highly qualified Solicitors and Conveyancers who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner.
We also recognise that communication is key, especially where there are complex issues to deal with, so will ensure you are always kept up-to-date and get answers to your questions in plain English.
We want you to feel confident that you are a priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We know property is often the biggest investment you have, so we want to offer a reliable, first-class service to protect that investment, while giving you value for money with no hidden fees.
We are proud to hold Lexcel and CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.
The fees involved in any transaction are important and we review our fees on a regular basis, considering client’s feedback to ensure we always offer good value for money. We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction.
If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fees cover all the work required to complete the sale of your current home. To make the process of selling as convenient as possible for you we have installed a Conveyancing Quote Calculator on our website which will allow you to input your sale details to generate an instant conveyancing estimate. Please note that so we can generate an instant and accurate conveyancing quote you will need to input all the information requested on the calculator. Once you have input the requested information our conveyancing calculator will generate a quote which includes the following information:
Electronic money transfer fee
Our conveyancing team are not tax advisors but we can obtain tax advice from other in-house staff should this be required. If you request us to do so fees will apply.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include:
Standard additional fees for residential property
Mortgage Redemption - Acting for the Lender to redeem the charge and arrange to have the charge removed at the Land Registry
Retention - Monies are retained normally in respect of a leasehold property; service charges tend to be estimated and once the end of the financial year has been concluded, actual accounts are issued and a deficit or surplus will be advised. Any deficit will be apportioned accordingly between the seller & buyer for their period of ownership.
Rectification of title issue – statutory declaration. This is a correction/alteration of a mistake that may affect the title of a registered owner. The Statutory Declaration is a formal Statement made affirming that something is true to the best knowledge of the person making the declaration.
Rectification of title issue – indemnity insurance - If a correction/alteration of a mistake that may affect the title of a registered owner cannot be resolved, a Legal Indemnity Policy is obtained to offer protection to a buyer (and lender) from any actual or potential losses due to the defect. The premium is paid only once and in most cases the Policy is automatically transferrable to successors in title.
Arranging indemnity insurance (chancel, environmental, lack of building regulations approvals). A Chancel Indemnity Policy will be obtained to protect a landowner from paying for the repair of the Chancel (the part of the Church containing the altar and the choir) of an Anglican Parish Church. Chancel Repair Liability goes back hundreds of years to medieval times and some houses/flats stand upon land that is still subject to a perpetual liability to contribute to repairs. There are a number of other Indemnity Policies that can be obtained regarding issues at the property, due to lack of documentation the seller can produce, works carried out at the property without relevant building consent etc, and each Policy obtained offers protection to the buyer for any actual or potential losses.
Dealing with 3rd party solicitors - Some Lenders instruct their own solicitors to act, for example matrimonial solicitors may be involved.
Deed of covenant - May be required when purchasing a leasehold property or a freehold property. The buyer agrees and enters into the Deed of Covenant by signing the same to confirm that they will comply with the terms under the Lease and to pay the relevant maintenance charges on a freehold property normally for communal areas and service charges for a leasehold property.
Deed of variation - To extend the Lease term or to correct or alter a defect in the Lease, please call for further details.
Deed of Easement - This is a binding document which gives rights for another party to use the property or enter upon the land to carry out repairs and check services which is not theirs. The owner gives their consent but does not give up ownership of the property/land.
Licence to Assign - This is a document entered into by the Landlord and the tenant to transfer/assign the obligations under the Lease to another party (new buyer). The Landlord's consent is required.
Redeeming 2nd and subsequent charges (per charge )
Arranging simultaneous exchange of contracts and completion
Expedition fee – less than 5 working days between exchange and completion
Retrieval of files from archiving
Issuing additional contract (contract race) when there are two separate buyers trying to purchase the same property.
Freehold property with management element
SDLT return preparation and submission*
Lenders fee (if obtaining a mortgage)
Declaration of Trust, please contact us to discuss
Deed of postponement
Protect your property restriction
Conditions and restrictions on title
Arranging 2nd charges /loans (per loan/charge)
Approval of new build documents
Personal attendance on client in office (in excess of 40 minutes)
Freehold Management Company fee
Help to Buy Equity Loan
Shared Ownership fee
Help to buy ISA fee
Lifetime ISA fee
Dealing with Companies House Fee
All fees are subject to VAT.
* This is for a standard purchase. Further advice can be provided by our Tax Department on possible SDLT savings and this would be billed separately
For any transaction, the timescales are subject to change depending on when your offer is accepted and other factors involved, such as:
- Number of parties in the chain.
- Whether the buyer has a mortgage in place.
- Whether the buyer requests lease extension for a leasehold property.
- Whether the searches flag up any issues.
- Whether buyer’s Survey shows up any issues.
- Buyer’s Enquiries.
A typical transaction will take between 6-8 weeks if a freehold sale and 8-10 weeks if a leasehold sale. However, if any of the above apply or there are other factors we need to take into consideration, it may increase the time scales. We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:
- Taking your instructions and giving initial advised based on the information you have provided.
- Checking finances are in place for the buyer to fund the purchase.
- Drafting contracts of sale and any other necessary documents and reviewing these with you.
- Sending the contacts of sale to the buyer’s solicitor and dealing with any enquires they have.
- Providing advice on all documents and information received.
- Finalising the contract and sending to you for signature.
- Agreeing a completion date (the date from which the buyer will legally own the property).
- Exchanging contracts and notify you that this has happened.
- Completing the purchase.
If you have any immediate questions on this topic please do not hesitate to contact us using the enquiry page at geppsolicitors.co.uk or call us on 01245 493939.