Responsibility for your matter​

Roulla Georgiou will carry out the work relating to your matter. She has over 25 years’ experience in delivering high quality work in all matters relating to the purchase of residential property.

She has particular expertise in dealing with complicated titles. She also has extensive experience of dealing with gifts of property, lease extensions, freehold acquisitions and management agreements.

Roulla does not act for lenders. If you need a mortgage to buy the property, your lender will instruct its own solicitor and you will be responsible for those additional costs.

Buying a house or a flat

As every purchase is different, we provide an estimate of our fees at the outset of the transaction.

Our fees are normally based on the time spent in dealing with the transaction. Generally, our fees range between £1,500 plus VAT and £3,000 plus VAT. Typically, it takes between 6 and 10 hours work. The rates charged range from £250 and £300 plus VAT per hour.

The exact cost will depend on the individual circumstances of the matter. Factors which may increase the total costs estimate include:

  • The value of the transaction
  • The complexity of the transaction
  • The timetable for the transaction
  • The legal title is defective or the property is unregistered

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Our fee assumes that:

  • The purchasers are individuals
  • This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  • This is the assignment of an existing lease and is not the grant of a new lease
  • The transaction is concluded in a timely manner and no unforeseen complication arise
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required

Work we do not carry out

We do not undertake tax advice. In particular, we do not give advice on stamp duty land tax. It may be necessary to instruct specialist tax advisers. You will be responsible for the costs of any tax advice

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registry fees or local authority or other search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements are in addition to our fee. Typical disbursements incurred on a purchase are set out below. This list is not exhaustive and other disbursements may apply depending on the location of the property and the terms of any lease.

Stamp duty land tax

This depends on the purchase price of your property and your circumstances. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.

Other disbursements

  • Land Registration fee – Calculated on purchase price £20 – £910
  • Land Registry searches – £3 per title
  • Bankruptcy search – £2 per buyer
  • Bank transfer fee – £15 plus VAT (per transfer)
  • Search pack* – £200 – £450 (estimated – depends on the location of the property)
  • * Includes local authority search, drainage search, environmental search, chancel repair liability search.

Additional disbursements (leasehold only)

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 – £200 plus VAT.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50 – £200 plus VAT.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £250 – £500 plus VAT.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, and can range between £250 – £500 plus VAT.

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Key Milestones

The key milestones in the purchase of your home will vary according to your circumstances. They may include:

  • Take your instructions and give you initial advice.
  • Check finances are in place to fund purchase.
  • 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.
  • 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 you.
  • Complete purchase.
  • Deal with payment of Stamp Duty/Land Tax.
  • Deal with application for registration at Land Registry.
  • Notify the freeholder of your ownership of the lease (leasehold only).

How long will this take?

  • How long it will take from your offer being accepted until you can move in to your home will depend on a number of factors. The average process takes between 8-12 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 chain free property with no mortgage , it could take 6 weeks.
  • However, if you are buying a leasehold property that requires an extension of the lease or the landlord’s licence to assign, this can take significantly longer, between 3 and 12 months. In such a situation additional charges would apply.