It is part of our business to see that people move into their new homes as quickly and as smoothly as possible to the entire satisfaction of buyers and sellers alike.
Dilwyns is well connected with all local and regional estate agents across Mid Wales and the Borders.
Local knowledge is essential when buying a new home and with it we are able to offer what we like to think is one of the best all-round residential conveyancing services in the region.
We are also members of the Law Society Conveyancing Quality Scheme (CQS) which means we are on the panel of all major lenders.
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.
Conveyancer's fees and disbursements
- Legal fee See attached indicative fee structure which we are required to publish. However as in the past we offer special rates by negotiation for first time buyers,existing clients,new clients, friends family etc
- Search fees £350 in Powys but they vary in different local authorities
- HM Land Registry fee depends on the price of the property and only relates to the freehold or leasehold interest and not to anything apportioned to other items such as moveable fixtures and fittings
- Electronic money transfer fee £12
- VAT payable is currently 20% of the legal cost element
Disbursements are costs 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.
Stamp Duty or Land Tax (on purchase)
This depends on the purchase price of your property. 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.However the rules if you already own a property, if you are not synchronising the sale of your main dwelling, and any reliefs available are complex and is probably better if you speak with us to ensure you are interpreting the regulations correctly.
How long will my house 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 to 10 weeks.However this can vary depending on the nature of the transaction and which may be out of our control. Do not make any definite arrangements until contracts are exchanged.
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. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
- 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
This transactions require more work and you need to speak to us for a specific quote particularly because there could be more disbursements including fees to register the notice of assignment of lease,notice of mortgage etc. These fees vary from lease to lease and so no generalised figures can be set out here. The key stages are similar to a freehold purchase as above.
* Our fee assumes that:
- 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.
Our indicative fees are as follows but subject to variances we may agree for new clients, existing clients, first time buyers, friends, family etc.
Under £100,000: £500 VAT
£100k - £200k: £595 VAT
£200k - £300k: £695 VAT
£300k - £400k: £795 VAT
£400k - £500k: £895 VAT
Over £500k: A specific quote will be given dependent on the value of the property.