Residential Property
TWM Solicitors has a team of dedicated property lawyers and conveyancers to advise on house buying, moving home and property law.
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We deal with the full range of property transactions, from standalone sales and purchases, to complex, very high value residential transactions, and transactions that involve a commercial and a residential element. Our solicitors and licensed conveyancers are experienced in both residential and commercial property work, and also acting for commercial and residential lenders.
Our solicitors and licensed conveyancers provide a full legal service, taking detailed instructions from you, carrying out all the legal work involved in the sale, purchase, mortgage, or re-mortgage, keeping you informed in line with your requirements, dealing by return and liaising with you throughout. If the transaction is a purchase, we will prepare and submit the Stamp Duty Land Tax (SDLT in England) / Land Transaction Tax (LTT in Wales) return and apply for registration.
One of our solicitors or licensed conveyancers will handle your entire transaction (with support from colleagues as appropriate) and will liaise with you throughout. Claire Fountain is the head of the Residential Property department department and her profile can be found here.
In the interests of price transparency and building an ongoing relationship with you in which you trust, we will give you a fixed estimate of costs for conveyancing the outset of the transaction.
Not all transactions are the same and they will often involve differing issues and expectations of the parties involved.
We encourage that you call us to discuss a transaction, in order that we can give an accurate estimate based on your circumstances. While we have fixed charges for some elements of the transaction, the fee for acting will vary depending on matters such as value, title issues and timescales. The fee for acting will also vary depending on the seniority of the solicitor dealing with your transaction.
We rely on our existing clients and contacts for work to be referred to us, on the basis of the quality of our service. Our aim is to charge a fair fee for a service for which you will feel you have received value for money. We do not pay referral fees to estate agents, so no part of our fee pays for any recommendations.
Freehold Sale
Leasehold Sale
Freehold Purchase
Leasehold Purchase
Our charges include all telephone calls, correspondence, complying with money laundering regulations and identification requirements, dealing with the preparation and submission of the Stamp Duty Land Tax return (but not specialist advice if not a straightforward transaction).
Charges may also be payable depending on the type of mortgage finance being obtained and which lender is being utilised. This is because some lenders (e.g. Paragon) have lengthy additional task lists. Please make enquiries.
New Build properties also involve additional work and complexity – allow around an additional £1,000 + VAT to the fees – sum to be confirmed on review of papers.
Declaration of Trust
From £300 + VAT
There is always the possibility that a transaction becomes more complex or protracted for many reasons. In such circumstances, we will notify you of this and we may need to refer you to either the Private Client department or the Family Department. Revised estimates would be provided depending on the factors involved.
There will also usually be the following payments to third parties:
Search Fees
We usually apply for local authority, drainage, chancel repair and environmental searches, with costs varying between circa £400 to £700. These costs are set by third party agencies. We will advise you of the cost of any further searches that may be needed for your property.
Land Registry
The Land Registry application fees vary according to the value of the property. The Land Registry website provides registration fees information at www.gov.uk/topic/land-registration/data. We will advise you what your registration fee is based on your purchase price.
Bank Transfer Fee
£35 + VAT for same day transfers.
VAT Payable
20% on legal fees and most search fees and other disbursements.
Stamp Duty
The amount payable to HMRC will vary according to the purchase price of your property, who is buying the property and whether you own property already. We will advise you what your tax due is based on your purchase price and other circumstances. There is also a SDLT calculator available on the HMRC website: www.tax.service.gov.uk/calculate-stamp-duty-land-tax
Sometimes, additional work is required that cannot be known at the outset. For example, if a lease extension is required, if alterations have been made to the property without the necessary consents, if parties do not have the necessary paperwork or funding, if indemnity insurance is required by your buyer or lender. This will impact on the time spent and overall cost. If this is the case, we will let you know as soon as we become aware of it.
We are members of The Law Society accredited Conveyancing Quality Scheme (CQS).
We will add VAT to our fees at the rate in force at the date of our invoices (at the current rate of 20%).
Click here for more information about our team, their qualifications, experience, and details of their supervisors. Our Commercial Property team also carries out residential conveyancing for their clients and adopts the same pricing guidelines.
In order for us to direct your enquiry to the right person at TWM Solicitors, we need to know a little more about you and what are you looking for.
Thank you for contacting TWM Solicitors, your completed form has been sent successfully. If this is an enquiry we are able to assist with, one of our team will be in contact with you as soon as possible. Please note, this may not be until the next working day, and during business hours. If you require urgent assistance, please call: 0330 555 0440.