Residential Conveyancing

Residential Conveyancing

At last … Quality residential conveyancing at affordable prices

SL & Co would be delighted to act on your behalf whether you are buying or selling your home. We provide a service of Quality and Excellence at Competitive prices. We have a practice of “continuing and never ending improvement” and because of that we set the standards for our competitors.

We understand that moving home can be one of the most stressful events in people’s lives and therefore we provide a service designed to handle the worry on your behalf. The Conveyancing process will be explained to you in plain and simple English.

Buying your own home is one of the most expensive purchases you will ever make in your life. Choosing the wrong Solicitor can be the difference between realising your dreams and living a nightmare. We understand what clients look for in a conveyancer because we listen to our clients. We listen not only to what they have to say about the service we deliver, but we also listen to what they say about our competitors and we provide a service tailor-made to that need.

Kept informed

We keep you updated throughout the whole transaction by the method of your choice, whether that be telephone, letter, email and even text message. We were one of the first solicitors in the country ever to keep clients informed by text message and this demonstrates our innovative approach to the service we provide.

Customer Satisfaction

We don’t do Customer Satisfaction, Customer Satisfaction is mediocre. Customer Satisfaction is reserved for our competitors. We would be extremely disappointed if our clients were only “satisfied” with the results. We aim for clients to be delighted with the outcome of their matter, which is why we talk in terms of delivering an Outstanding Service of Quality and Excellence. In essence, we deliver more than we promise, we go the extra mile and we exceed clients’ expectations!

In short, we aim to give you the “wow” factor when it comes to the provision of Legal Services and Advice; to provide a truly outstanding level of service that you are delighted with.

Stamp Duty and Land Tax

When a property is bought in England, a tax known as Stamp Duty Land Tax (SDLT) is levied. SDLT is a progressive tax and is charged at different rates depending on the purchase price of a property. Anyone buying a second home or additional residential property worth £40,000 or more will have to pay additional stamp duty. Stamp Duty and Land Tax can be calculated by visiting the Government Stamp Duty and Land Tax Calculator

Availability

A criticism of some firms is that they are not available at the time that you need them. That is why at SL & Co our service is designed around your needs, not ours. We are available when you need us.

We are contactable and available to clients during lunch hours when some of our competitors are closed. We are also contactable and available during evenings, weekends and Bank Holidays when our competitors are most definitely unavailable, because we divert all calls at these times to a mobile so that you are never more than a phone call away from that guidance and advice when you need it most.

Residential Conveyancing

 Our fees cover all the work required to complete your sale and/or purchase of your home. This includes Registration at the Land Registry (purchase only), completing Stamp Duty Land Tax and dealing with the payment; together with liaising with Estate Agents and the Solicitors for your Buyer and/or Seller.

The timescale in which it can take from receiving initial instructions to completion of your sale and/or purchase can vary according to the circumstances i.e. the length of the chain and the speed of other parties involved in the transaction. A straightforward transaction from initial instructions to completion should usually take place within 6-8 weeks but this can never be guaranteed.

The key stages of work carried out to complete your sale and/or purchase is as follows:-

  • Taking initial instructions, requesting a signed copy of Terms & Conditions of Business, ID and monies on account to cover initial disbursements (i.e. Land Registry fees)
  • Sending an initial letter to you enclosing the relevant forms for you to complete and return to us enable us to prepare a Contract.
  • Preparing the Contract documentation.
  • Obtaining the information pack from Managing Agents if there is a maintenance charge.
  • Obtaining the Leasehold Information pack from the Managing Agents.
  • Carrying out searches on your behalf.
  • Dealing with any enquiries raised.
  • Advising you accordingly on documentation received.
  • Perusal and advising you of the mortgage offer (if any- for a purchase only)
  • Advising you of the process in readiness for exchange.
  • Exchanging Contracts and notifying you.
  • Obtaining mortgage redemption figure (sale)
  • Arranging the transfer of monies to complete your purchase.
  • Eventual completion of your matter on your behalf.
  • Paying any outstanding maintenance charge/ dealing with any Service Charge or Ground Rent.
  • Submission of Stamp Duty Land Tax Form online (purchase)

The costs and any disbursements incurred in dealing with your matter can vary and these are dependent upon the sale/purchase price, if there is a mortgage to redeem, where the property is situated and whether the property is a new build.

The Land Registry usually charge £3 for every deed they provide a copy for. We would anticipate that the Land Registry searches will be between £6-£9. However this may be higher if circumstances change.

Any monies that are telegraphically transferred on your behalf are subject to a money transfer administration fee of £16 plus VAT (each transfer). There will be a fee payable for properties that are being sold with a maintenance charge and where the property is Leasehold there will be a charge for the Leasehold Information Pack from the Managing Agents.

Our costs do vary and are dependent on the circumstances, but we estimate our fees to be in the region of between £790 plus VAT plus disbursements and £1,800 plus VAT plus disbursements. A cost estimate will be provided to you with the estimated fee once an enquiry has been made and we have all the details related to your specific transaction.

Our fees

Purchase Price less than £500,000
£790 plus £98 (Lender) plus VAT.

Purchase price over £500,000 we charge 0.2%
If the property you are purchasing is £600,000 then our fees would be £1,200 plus VAT plus disbursements.

Purchasing a Flat
Our fees would start at £750 plus VAT plus Disbursements.

New Build
If the property you are purchasing is a new build our fees would start at £960 plus VAT.

Stamp Duty for the above fees can vary depending on the circumstances and the purchase price of the property. Please see this website for more information about properties in England.

Additional Fees

£16.00 plus VAT Bank Charge for the transfer of monies
£50.00 plus VAT Help to Buy ISA Administration Fee (purchase only)

Additional Services

Purchase the freehold of your house – £480 plus VAT
Extend the lease of your flat – £480 plus VAT
Transfer Equity – £480 plus VAT
Re-mortgage your property – £540 plus VAT
Declaration of Trust – £160 plus VAT

VAT added is charged at 20%

For further advice regarding Residential Conveyancing, or to discuss your case, please contact Anne Lockwood through the online enquiry form or telephone 01564 777250

We operate across the West Midlands

We work with all sizes of business and individuals across the West Midlands advising on all aspects property law:

If you would like to discuss your legal matters or concerns with us:

Commercial conveyancing and residential conveyancing solicitors based in the West Midlands.