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SRA Transparency

Legal Practices in England and Wales such as Woolliscrofts Solicitors are regulated by the Solicitors Regulation Authority (SRA). Under the SRA Transparency Rules all such legal practices are required to publish information on prices and services in respect of specific types of legal work undertaken by them – including Residential Conveyancing (the legal process involved when buying or selling a property).

We would emphasize that:-

- no two properties are the same (in our experience different issues can even arise in respect of each of a pair of Semi-Detached properties, properties in the same Terrace or similar properties on the same Housing Estate or Development);

- the information provided here is, therefore, general and indicative only; and

- there really is no substitute to contacting a member of the specialist Conveyancing Team here at Woolliscrofts Solicitors in order to provide us with details of your specific requirements and allow us to provide you with a competitive individual Costs Estimate specific to your needs.

WHY WOOLLISCROFTS SOLICITORS ?

Woolliscrofts Solicitors are your friendly local Solicitors who are proud to have been serving individuals and families throughout Staffordshire, Cheshire and beyond for over 100 years. We have offices in Hanley, Tunstall, Wolstanton, Stone, Staffordshire and Alsager.

We are committed to excellent levels of legal service, client care and the delivery of value for money legal services by our dedicated teams of specialist Conveyancing Lawyers.

You will find us easy to talk to and we won’t baffle you with technical legal jargon.

Woolliscrofts Solicitors are a Law Society Conveyancing Quality Scheme accredited Legal Practice – and are proud to have continuously held such Accreditation since the scheme was launched by the Law Society in 2011. Indeed, Woolliscrofts Solicitors were amongst the first 300 Legal Practices in England and Wales to secure CQS Accreditation from the Law Society.

Woolliscrofts Solicitors hold Panel Membership with a wide range of Mortgage Lenders. Indeed, due to the size of our Practice and the volume of Residential Conveyancing transactions dealt with by us, we are frequently approached by clients for assistance as a result of other local Legal Practices not having been on the Solicitors Panels of their chosen Mortgage Lender.

Woolliscrofts offer a “No Completion No Fee” arrangement (conditions apply and details are available upon request), Half Price Standard Wills (or an equivalent rebate against the cost of non-standard Wills) to all new Conveyancing clients and discounts to First Time Buyers.

WHO DEALS WITH RESIDENTIAL CONVEYANCING WORK AT WOOLLISCROFTS SOLICITORS ?

To view details of the Conveyancing Team here at Woolliscrofts please CLICK HERE.

HOW LONG WILL IT TAKE TO COMPLETE MY CONVEYANCING TRANSACTION AND WHAT WILL IT COST ?

In view of the fact that Woolliscrofts Solicitors have six offices spread across Staffordshire and South Cheshire, the types and values of properties which our clients instruct us in respect of is very wide-ranging, as is the range of issues which case arise in the case of individual clients – as a consequence of which the length of time taken for matters to complete, and the costs involved can vary from case to case. For those reasons, Woolliscrofts Solicitors always invite prospective new clients to establish contact with us in order for them to be able to outline their particular circumstances and requirements to us and to enable us to provide an appropriate Costs Estimate.

This email address is being protected from spambots. You need JavaScript enabled to view it. for a competitive tailored estimate of our charges.

 

In the case of property purchases 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 to 10 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 New Build property with a mortgage in principle, it could take 8 to 10 weeks. However, if you are buying a Leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months – and, in such a situation, additional charges would apply.

When selling a property the considerations mentioned above in the context of property purchases are likely to dictate the speed with which the sale of a property can be completed.

Different considerations apply to Mortgage Only or Remortgage Transactions – where typical transactions would be likely to be completed within a period of approximately three to four weeks.

For the reasons mentioned above, rather than attempting to set out details of specific cost and timescale indications for each and every scenario which could be involved, such as, for example, pre-empting complexities which could potentially arise or the possibility of clients failing to follow our advice, some indicative examples of matters previously dealt with by Woolliscrofts are provided below.

Some illustrative examples of what Woolliscrofts Solicitors have charged Residential Conveyancing clients: 

PLEASE NOTE:

-       The Costs Information given here is general and, therefore, indicative only. If you contact the team here at Woolliscrofts Solicitors we will be able to give more precise and personalised information to you, which we will be happy to confirm in writing to you and which would, in any event, be confirmed in an Engagement Letter in the event of you deciding to proceed to instruct Woolliscrofts to act on your behalf.

-       If the property in question is not already Registered at the Land Registry the amount of our Professional Charges will be higher than would apply in the case of Registered Land (in a typical case involving Unregistered Property the Professional Fee of Woolliscrofts Solicitors would increase by approximately £100 plus VAT compared to a similar transaction involving an existing Registered Property) and different Disbursements may apply.

-       Similarly, if the property in question is Leasehold (as opposed to Freehold), a Newly Built Property, a Parcel of Land only or involves Shared Ownership higher charges will apply than those which would apply in the case of a Freehold property not involving those features. By way of example only, the involvement of Leasehold property, a Newly Built Property or the purchase of a Plot of Land only could increase the Professional Fee of Woolliscrofts Solicitors could increase by approximately £250 plus VAT compared to a similar transactions not involving such featured (with different Disbursements potentially applying) and sales or purchases involving Shared Ownership would be likely to result in a higher increase in the amount of our Professional Fees.

-       It is important to remember that Disbursements (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) will be similar regardless of your choice of Solicitor.

-       In the case of purchases (and some similar considerations also apply in the case of Mortgage only and Remortgage transactions):-

  • oThe property related Searches required can often be dictated by the requirements of any Mortgage Lender involved. In cases where no Mortgage Lender is involved, clients will be advised by Woolliscrofts in relation to Searches which appear to be relevant having regard to the geographical location of the property or other considerations which we consider to be advisable – and it would then be a matter for the client(s) to decide which searches they wish to instruct Woolliscrofts to put in hand on their behalf. Depending upon the Searches required by any Mortgage Lender or otherwise authorised by the client, the cost of the Searches undertaken will depend upon the Search Provider used by Woolliscrofts Solicitors and, in particular, the prices which may be offered by those Search Providers in relation to various different Search type combination packs which may provide better value than ordering a number of individual Searches;
  • the amount of Stamp Duty or Land Tax depends on the purchase price of your property and whether it is the purchase of a first home . You can calculate the amount you will need to pay by using:-
  • HMRC’s Website if the property is located in England –CLICK HERE   ;or

  • The Welsh Revenue Authority’s Website if the property is located in WalesCLICK HERE 

  • the amount of Land Registry Fees depends upon the value of the property and whether or not the property has previously been registered at the Land Registry. This email address is being protected from spambots. You need JavaScript enabled to view it. to visit the Land Registry Fee Calculator

-       different pricing considerations apply to Sales at Auction – including, but not limited to the fact that an additional charge of approximately £150 plus VAT would be likely to be involved if Woolliscrofts were to be required to attend the Auction (depending upon the venue of the Auction and duration of attendance at the Auction). For further information in relation to Sales at Auction, please  This email address is being protected from spambots. You need JavaScript enabled to view it..This email address is being protected from spambots. You need JavaScript enabled to view it.">

-       In the examples appearing below we have obviously changed names and some other details to protect client confidentiality.



A SIMPLE FREEHOLD SALE - Susan Cooper: We charged £425.00 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client, in relation to the sale of a property in the Newcastle-under-Lyme area valued at £83,000.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Susan asked us to deal with the sale of her late Father’s house Semi-Detached House in Bradwell, Newcastle-under-Lymevalued at £83,000 for which she was the Executor. This was a simple matter, handled by an experienced Conveyancer. We were able to sort out the entire matter in 4 weeks.

The reasons the bill was relatively small were:

Susan was an Executor and the Grant of Probate had already been dealt with and provided to us.

There was no mortgage over the property.

The property was sold to cash buyers.

Susan was prompt in responding to our requests for papers and information.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Client ID Check Administration Fee of £5.00 plus VAT

Land Registry Fees for Office Copy Entries and Additional Title Documents of £9.00

Bank Transfer Fee of £15.00 #

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT #

# NOTE: The Bank Transfer Fee and related Administration Fee would not have been incurred if Susan had not wished the net proceeds of sale to be electronically transferred to her Bank Account in preference to receiving a cheque from us following completion.

A TYPICAL FREEHOLD SALE - Mark Myatt: We charged £485.00 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client, in relation to the sale of a property in the Stoke-on-Trent area valued at £175,000. The matter completed within a period of eight weeks.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Mark asked us to deal with the sale of a property which he owned with his Partner. This was a typical freehold sale, handled by an experienced conveyancer. We were able to sort out the entire matter in 8 weeks.

The reasons the bill amounted to, and time taken to complete the matter, were contributed to by the following factors:-

There was a mortgage over the property

We dealt with the mortgage company to obtain redemption figures and repay the mortgage on completion.

There was a chain of conveyancing transactions involved and we were liaising with various parties.

We had to take out Indemnity Insurance for work carried out at the property.

Updating Estate Agents and paying their invoice on completion.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10.00 plus VAT (this was for 2 clients)

Office copy entries of £6.00

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

A SIMPLE FREEHOLD SALE – Mrs Green: We charged £500 plus VAT for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The matter completed within a period of six weeks.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.


Mrs Green had recently remarried and had bought a new property,. This was a private sale and she had accepted an offer on the basis of a fast completion. The buyer was a cash buyer and wanted to proceed quickly. Contracts were drawn up and the normal Protocol forms were completed. Only a limited amount of routine enquires were raised by the buyer.

Completion took 6 weeks. The fact that the buyer was not reliant upon a mortgage was a significant factor in enabling Completion to be achieved within a period of six weeks.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT

Land Registry Fee for Office Copy Entries of £6.00

 
A TYPICAL FREEHOLD SALE – Mr & Mrs Brown:We charged £550 plus VAT for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client.


BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Mr & Mrs Brown were selling and buying another property simultaneously so we needed to ensure that both transactions ran at the same pace to enable both transactions to be completed at the same time.The existing mortgage which the clients had over the property which they were selling had to be repaid. After initial enquiries received from the buyer’s Solicitors had been raised and dealt with, the Buyers raised further enquires after they had received the results of the survey and various searches obtained by them. As there was a chain of other property transactions involved which was relevant to the timing of Completion the Estate Agents also rang for regular updates. The transaction took 11 weeks.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10.00 plus VAT (this was for 2 clients)

Land Registry Fee for Office Copy Entries of £9.00

Bank Transfer fee of £15.00 #

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT #

# NOTE: The Bank Transfer Fee and related Administration Fee would not have been incurred if there had been no existing mortgage requiring repayment.

A TYPICAL LEASEHOLD SALE - Mr Brown - sale price of £72,000 for a Flat in the Cheshire area. We charged £400 plus VAT for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The matter took around 12 weeks to complete.NOTE: – the quote was given in April 2017 and then the sale fell through. The quote was honoured in 2018 when a new buyer was found and this is why the fee is lower than we would charge if the quote was given on this type of transaction today (we would currently charge £550 plus VAT in addition to the Administration Fees and Disbursements for a similar transaction).

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

This was a Leasehold retirement property with both a Landlord and Managing Agent.

The Leasehold Title to the property was in the sole name of Mr Brown and subject to an existing mortgage which needed to be discharged.

We undertook the following work:-

- Issued the contract documentation

- Obtained leasehold sales packs from the landlord and managing agents

- Dealt with pre-Completion requirements of the landlord and managing agents

- Dealt with buyers enquires

- There was no existing mortgage to be redeemed

- Appointment with client

- Agreeing a completion date

- Deal with apportionment of ground rent and service charge

- Drafting documents for client to sign

- Redeemed the existing mortgage

- Post completion requirements of Landlord and Managing Agents

- Dealing with Indemnity Policy

- Paying Estate Agents

The Administration Fees and Disbursements were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5.00 plus VAT

Bank transfer fee - £15.00

Woolliscrofts Bank Transfer Administration Fee £16.50 plus VAT

Land Registry Fee for Office Copy Entries £12.00


AN INITIALLY APPARENTLY TYPICAL FREEHOLD SALE WHICH ULTIMATELY BECAME MORE COMPLICATED - Paul Johnson: Following an initial Costs Estimate of £400 plus VAT, Administration Fees and Disbursements in relation to the sale of a Terraced property in the Newcastle-under-Lyme area valued at £90,000, it was ultimately necessary for the initially estimated Professional Charges of £400 plus VAT to be revised and increased to £800 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. Due to the issues / complications which arose in the course of the transaction the matter took 18 months to complete.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Paul instructed us to deal with the sale of his property which he owned jointly with his Friend. Our initial Quote was £400.00 plus VAT however, the matter went from a typical freehold sale to a complicated freehold sale and so the fees were revised during the transaction to reflect additional work which had to be undertaken but which had not been foreseen at the outset of the matter.. The transaction took approximately 18 months to complete. The property sold for £90,000.

Factors of relevance to the amount of our Professional Charges included the following:-

Following an inspection of the file, it became apparent that a section of land to the rear of our clients property had not been transferred to them when they purchased the property a few years earlier and so we had to liaise with previous solicitors to try and ascertain why this had happened as this was not in our clients ownership.

The previous owner of the land was deceased. We had to liaise with family members who instructed their own solicitor to rectify this mistake. The Deceased’s wife lacked capacity and so this made matters more complex.

Due to the delays with the land, our client lost two buyers and so contract documentation had to be issued three times.

Various correspondence went out to our clients, the buyer’s solicitor and the solicitor dealing with the land which took a considerable amount of time.

Numerous telephone calls were made to various parties.

There was an existing mortgage over the property which needed to be redeemed.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Land Registry Fees for Office Copy Entries and additional Title Documents of £18.00

Land Registration Fee (for the Land) of £40.00

Bank Transfer Fee of £12.50

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

A COMPLICATED FREEHOLD SALE: Mr & Mrs Black. We charged £800.00 plus VAT

for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Mrs and Mrs Black were selling a property on a small private development with electric gates, a private road and street lights and a shared grassed communal area. .A Management Company had been formed to look after the private areas. Mr Black was a Director and Shareholder and this was going to be transferred to the new owner. Enquiries had to be made with the Company Secretary of the Management Company in order to provide information and satisfy the Buyer’s Solicitors. . There was also a mortgage to discharge.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10.00 plus VAT (this was for 2 clients)

Land Registry Fee for Office Copy Entries of £9.00

Bank Transfer fee of £15.00 to pay off an existing mortgage #

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT #

# NOTE: The Bank Transfer Fee and related Administration Fee would not have been incurred if there had been no mortgage over the property being sold needing to be discharged.

A SIMPLE FREEHOLD PURCHASE –Miss Smith: We charged £500 plus VAT for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. Completion took six weeks.NOTE: if title to the property purchased had been Leasehold rather than Freehold, a New Build Property or the purchase of a Parcel of Land only the Solicitor who dealt with the matter estimates that our charges would have been likely to have increased by approximately £250 plus VAT.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Miss Smith was buying an investment property that she was going to renovate completely. She was a cash buyer and experienced in buying properties and was aware of the conveyancing process. .She wanted a speedy completion as she had workmen ready to start work.

The fact that no mortgage was involved was a factor which contributed to it being possible for thepurchase to be completed within a six week period.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT

Property related searches appropriate to area in which the property purchased was located (Stone, Staffordshire) amounting to £217.05

Land Registry Search Fee of £3

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty *

Land Registration Fee of £95 (based on the value of the property purchased being between £100,000 and £200,000)

 A SIMPLE FREEHOLD PURCHASE - Pauline Harrison – We charged £475 plus VAT for our Conveyancing work in addition to Administration Fees and Disbursements in relation to the purchase of a Bungalow in the Cheshire area with a purchase price of £148,000 which would have been similar regardless of the client’s choice of Solicitor. This was a relatively straightforward matter which we were, therefore, able to complete within a period of approximately six weeks.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Pauline asked us to act in her purchase of a property in Cheshire with a purchase price of £148,000.

Our bill was based on the following: -

Pauline was an existing client and was prompt in responding to our requests for papers and information.

She was a cash buyer / no mortgage was involved

She did not require any searches carrying out.

The property was vacant and there was no chain.

Enquires raised were dealt with promptly.

Dealing with Stamp Duty Land Tax online form and Duty payable.

Registration of the property with the Land Registry.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT

Land Registry Search Fee of £3

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty Land Tax of £460

Land Registration Fee of £95 (based on the value of the property purchased)


A TYPICAL FREEHOLD PURCHASE– Mr & Mrs Brown.We charged £550 plus VAT for our Conveyancing work in addition to Administration Fees and Disbursements in connection with the purchase of a property valued at £250,000 which would have been similar regardless of the client’s choice of Solicitor. The purchase took 11 weeks to complete.NOTE: if title to the property purchased had been Leasehold rather than Freehold, a New Build Property or the purchase of a Parcel of Land only the Solicitor who dealt with the matter estimates that our charges would have been likely to have increased by approximately £250 plus VAT.


BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

This was a purchase of a freehold property and a related sale of a property which was already owned by the clients - with both transactions needing to run side by side to enable both matters to be completed at the same time. There was a new mortgage.Enquires were raised initially and further enquires when the searches and survey were carried out. As there was a chain of other conveyancing transactions involved the Estate Agents also rang for regular updates.The transaction took 11 weeks to complete.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10 plus VAT (there were two clients to be identified)

Property related searches amounting to £217.05

Bankruptcy Search of £4

Land Registry Search Fee of £3

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty *

Land Registration Fee of £135 (based on the value of the property purchased being £250,000)

A TYPICAL LEASEHOLD PURCHASE - Mr and Mrs Green: The purchase of a Leasehold flat for £155,000 in the Cheshire area. We charged £600 plus VAT for our Conveyancing work in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The matter took nine weeks to complete.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

We were able to complete this matter within 9 weeks. The work involved included the following:-

Receiving, reviewing and advising in relation to the Contract documentation received from the Seller’s Solicitors

Undertaking required Searches


Raisingenquiries with the Seller’s Solicitors

Requesting that the sellers obtain Leasehold Information packs from Landlord and Managing Agents

Copies of all relevant documents sent to the clients with appropriate advice

Searches received, reviewed and sent to client with appropriate advice

Dealing with the requirements of the Mortgage Lender

Issues identified as arising from search results referred to the Mortgage Lender

Appointment for client to sign necessary legal documents

Preparation of a draft Completion Statement

Arranging a Completion Date

RequestingMortgage Funds and the balance of the purchase price also required from the clients

Dealing with post-Completion requirements of the Landlord and Managing Agents ie. Notice of Assignment, Deed of Covenant and Certificate of Compliance

Dealing with Stamp Duty Land Tax

Attending to Registration with the Land Registry

The Administration Fees and Disbursements were as follows:-


Woolliscrofts Client ID Check Administration Fee of £10 plus VAT (there were two clients to be identified)

Property related searches amounting to £265.00

Bankruptcy Search of £4

Land Registry Search Fee of £3

Bank Transfer fee of £12.50

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty Land Tax of £5,250

Land Registration Fee of £95 (based on the value of the property purchased)



A TYPICAL FREEHOLD PURCHASE – Adrian Lewis and Georgina Lampard: The property was a Detached Property in the Cheshire area which was purchased for £473,000and we charged £625.00 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The matter completed within eight weeks.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

This was a typical Freehold Purchase, handled by an experienced Conveyancer. We were able to complete the matter in 8 weeks.

Factors of relevance to the amount of our bill included the following:-

There was a large chain of properties which complicated Completion arrangements..

A mortgage was involved.

Searches were carried out.

A number of enquiries were raised and had to be chased several times.

Issues revealed on searches were referred to the mortgage lender.

Dealing with Stamp Duty Land Tax online form and Duty payable.

Registration of legal title to the property with the Land Registry.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10 plus VAT (there were two clients)

Land Registry Search Fee of £3

Bankruptcy Searches x 2 £4.00

Property related Search Pack of £265.00

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty Land Tax Fee of £13,650 *

Land Registration Fee of £135 (based on the value of the property purchased)

A COMPLICATED LEASEHOLD PURCHASE (aShared Ownership Leasehold Newly Built Terraced property in the Cheshire area. The purchase price was £127,500 for a 75% Share in the property) – We charged £795 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client, in relation to the purchase of a newly built Leasehold property involving Shared Ownership which took around 10 weeks to complete.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

The work involved with this matter (which did not involve any Mortgage because the client was a Cash Buyer)included:-


Checking the New Build Contract Pack
Reviewing the Shared Ownership Lease
Dealing with enquiries
Undertaking required property related Searches
Reviewing the Mortgage Offer
Dealing with Mortgage Lender and their requirements for Shared Ownership Leases
Undertaking Pre-Completion Searches
Drafting a Deed of Covenant
Appointment with client to go through documents
Agreeing a Completion Date
Dealing with apportionment a of Rent and Service Charge
Requesting balance of the purchase price from the clients
Attending to all Completion formalities
Sending fees and documents to theLandlord and Managing Agents
Dealing with Stamp Duty Land Tax
Dealing with Registration at the Land Registry.

The Administration Fees and Disbursements involved in this matter were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT (there were two clients)

Land Registry Search Fee of £3

Property related Search Pack of £265.00

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty Land Tax Fee of £900.00 (paid on 100% valuation)

Land Registration Fee of £270 (based on the value of the property purchased)


A COMPLICATED FREEHOLD PURCHASE: Mrs & Mrs Black. We charged £800.00 plus VAT for our Conveyancing work,in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The purchase took 17 weeks to complete.NOTE: if title to the property purchased had been Leasehold rather than Freehold, a New Build Property or the purchase of a Parcel of Land only the Solicitor who dealt with the matter estimates that our charges would have been likely to have increased by approximately £250 plus VAT.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Mr & Mrs Black were buying a freehold property that had been extended several times and part of the house appeared to be built on property that did not belong to the seller. After lengthy investigations it was discovered that this land had been sold to the sellers some years ago but never registered. This delayed the process and the purchase took 17 weeks to complete.

The Disbursements, which would be similar with any Solicitor, and Administration Fees were as follows:-

Woolliscrofts Client ID Check Administration Fee of £10 plus VAT (there were two clients)

Land Registry Search Fee of £3

Bankruptcy Searches x 2 £4.00

Property related Search Pack of £217.05

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Stamp Duty Land Tax Fee *

Land Registration Fee of £135 (based on the value of the property purchased being £250,000)

 
A COMPLICATED PURCHASE (INVOLVING A NEWLY BUILT PROPERTY AND AN HELP TO BUY ISA LOAN) - Mr and Mrs Woodward: The purchase of a Detached Newly Built property in the Preston area for a price of £284,995 with the assistance of a Help to Buy Equity Loan. We charged £800 plus VAT in respect of our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client. The matter took approximately 9 to 10 weeks to complete.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

We were instructed by the clients in their purchase which had been reserved with a Builder. This was a complex matter, handled by an experienced Conveyancer. We were able to sort this matter in around 9-10 weeks.

Factors of relevance to the amount of our Professional Charges included:-

The builders expect certain timescales to be met if incentives have been arranged with the client.

The amount of documentation involved with a New Build property and the time and expertise required in checking through this.

Carrying out Searches.

Dealing with the Mortgage Offer.

Dealing with the gifted deposit / Referring Gifted Deposit details to the Mortgage Lender.

Referring issues from searches to the Mortgage Lender.

Dealing with Homes and Communities Agency with regard to the Help to Buy Equity Loan. Filling in appropriate forms and drawing down funds.

Dealing with Stamp Duty Land Tax

Dealing with a First Registration at HMLR.

Post completion formalities with Builders / Homes and Communities Agency

The Disbursements, which would be similar with any Solicitor, and Administration Fees involved in this matter were as follows:-

Property related Search Pack of £324.96

Land Registry Search of £3.00

Bankruptcy Searches £4.00 (in respect of two persons)

Bank Transfer Fee of £12.50

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

Land Registration Fee of £270.00

Stamp Duty Land Tax Fee of £4,250.00

A TYPICAL MORTGAGE ONLY OR REMORTGAGE TRANSACTION:-

Although the precise amount of our Professional Fees and Disbursements will depend on the particular Mortgage Lender involved (because different Mortgage Lenders have different requirements), typically the cost of work undertaken by Woolliscrofts would be somewhere in the order of £300 to 400 plus VAT, although could be higher depending upon the particular circumstances of the case – for example depending upon the financial value of the Remortgage and whether the Legal Title being Remortgaged by the client is Leasehold as opposed to Freehold.

In addition, typical Administration Fees and Disbursements (excluding any Lender Specific Fees) - which would be similar regardless of choice of Solicitor used by the client - would include:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT per client

Search Indemnity Fee of £20.00

Other searches of £7.00

Land Registry fees £30.00 (based on a Remortgage between £100,000 and £200,000)

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT

A TYPICAL REMORTGAGE – A £76,000Remortgage for Mr Taylor related to a freehold property in the Stoke-on-Trent area. We charged £300 plus VAT for our Conveyancing work, in addition to the Administration Fees and Disbursements which would have been similar regardless of choice of Solicitor used by the client.NOTE: if the Legal Title to the property in question had been Leasehold, rather than Freehold, or if the financial value of the Remortgage had exceeded £100,000 the Solicitor who dealt with the matter estimates that our charges would have been higher.

BELOW are details of the Administrative Fees and Disbursements involved in this matter and of the factors which determined the amount of our charges and contributed to length of time taken from initial instruction to Completion.

Dealing with Client Care and Engagement documentation and Client ID checks

Requesting a Redemption Statement from the existing Mortgage Lender

Receiving and reviewing Mortgage Offer from the new Mortgage Lender – which contained numerous conditions which needed to be satisfied

Sending a copy of the new Mortgage Offer to client and requesting further information from the clients arising from the terms of the Mortgage Offer

Sending the Mortgage Deed to the client in readiness for signature

Undertaking Searches required by the new Mortgage Lender and reviewing the results of those searches

Obtaining a Tenancy Agreement from the client to be sent to the new MortgageLender for approval

Confirming the Completion date

Requesting funds from the new Mortgage Lender

Completing the new Mortgage

Redeeming the existing mortgage

Sending the surplusRemortgage funds to client

Cancelling the registration of the previous Mortgage at the Land Registry

Registering the new Mortgage at the Land Registry


The Administration Fees and Disbursements involved in this matter were as follows:-

Woolliscrofts Client ID Check Administration Fee of £5 plus VAT per client

Land Charges Search of £3.00

Land Registry Fee for Office Copy Entries of existing Registered Title to the property of £15.00

Bankruptcy Search of £2.00

Other Searches of £275.32

Land Registry fee for Registration of the new Mortgage of £20.00 (based on the amount of the Remortgage)

Bank Transfer fee of £15.00

Woolliscrofts Bank Transfer Administration Fee of £16.50 plus VAT



WHAT WORK IS INCLUDED WITHIN WOOLLISCROFTS PROFESSIONAL CHARGES ?

Clients who contact Woolliscrofts Solicitors will be provided with an estimate of our Professional Charges and any related Administration Fees and Disbursements based upon the stages of the Conveyancing process which appear to be involved upon the basis of the information provided to us.

Below are illustrative examples of the stages typically involved in certain types of Conveyancing transaction which would generally be included within the scope of any Costs Estimate provided to youunless we were not aware of relevant information at the time of providing you with our initial Costs Estimate:-

The purchase of a Freehold Property:-

The precise stages involved in the purchase of a freehold residential property vary according to the circumstances. However, below we have suggested some key stages which would typically be included within the scope of any tailored Costs Estimate provided to you by Woolliscrofts Solicitors:

  • Undertaking Client Identification Verification Checks
  • Take your instructions, checking paperwork received from you and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Attending to formalities associated with any Gifted Deposits or the like of which we are informed at the outset of the matter
  • Receive and advise on contract documents
  • Carry out searches agreed with you (in cases involving Mortgage Lenders the lender is likely to insist upon certain searches being undertaken)
  • 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 where appropriate
  • Meeting with you in person to deal with signature of the final Contract and any Mortgage
  • Draft Transfer
  • Advise you on Joint Ownership where appropriate
  • Obtain pre-Completion searches
  • Agreeing a completion date (i.e. the 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
  • Legally Complete the purchase
  • Deal with payment of Stamp Duty / Land Tax
  • Deal with the application for registration of the property at Land Registry

The purchase of a Leasehold Property:-

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages which would typically be included within the scope of any tailored Costs Estimate provided to you by Woolliscrofts Solicitors:

  • Undertaking Client Identification Verification Checks
  • Take your instructions, checking paperwork received from you and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Attending to formalities associated with any Gifted Deposits or the like of which we are informed at the outset of the matter
  • Receive and advise on contract documents and proposed Lease
  • Carry out searches agreed with you (in cases involving Mortgage Lenders the lender is likely to insist upon certain searches being undertaken)
  • Obtain further planning documentation if required and Leasehold documents
  • 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 where appropriate
  • Meeting with you in person to deal with signature of the final Contract and any Mortgage
  • Draft Transfer
  • Advise you on Joint Ownership where appropriate
  • Obtain pre-completion searches
  • Agreeing a completion date (i.e. the 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
  • Legally Complete the purchase
  • Deal with payment of Stamp Duty / Land Tax
  • Deal with the application for registration of the property at Land Registry
  • Deal with post-Completion Leasehold requirements with the Landlord and Managing Agents

Property Sales:-

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages which would typically be included within the scope of any tailored Costs Estimate provided to you by WoolliscroftsSolicitors:-

  • Preparing Client Care and Engagement documentation;
  • Undertaking Client Identification Verification Checks
  • Take your instructions, checking paperwork received from you and providing any necessary initial advice
  • Preparing and issuing Contract documentation
  • Dealing with routine enquiries received from buyer’s Solicitor
  • Reviewing the Transfer document
  • Overseeing signature of the Contract and Transfer
  • Agreeing a completion date (i.e. the date from which you no longer own the property)
  • Exchange contracts and notify you that this has happened
  • Dealing with the Transfer document and Requisitions
  • Legally Complete the sale
  • Deal with any Indemnity Policies and providing them to the Buyer’s Solicitor

Mortgage only transactions:-

The steps typically involved in such transactions include the following:-

YOU

  • Complete the Questionnaire enclosed with our covering letter and return to Woolliscrofts Solicitors Ltd together with funds to cover immediate disbursements.

WE

  • Institute appropriate local authority searches or arrange search insurance.
  • Carry out our title investigations and inform you of any problems.
  • Obtain the redemption statement and deeds from your existing lender(s) if any.
  • Send you a copy of the redemption statement(s).
  • If applicable request a postponement of a second charge from a second lender.
  • Receive a copy of the Mortgage Offer from your new lender.
  • Write to any adults who occupy your property with a Consent to Mortgage Form (a standard lender requirement).

YOU

  • Receive the Mortgage Offer from your new lender.
  • If applicable supply information to your second lender for postponement of their charge.

WE

  • Check the amount you propose to borrow (excluding any Cash Gift *) is sufficient to repay your existing mortgage(s). If not we will request the balance from you.
  • Send you the Mortgage Deed for signature.

YOU

  • Return the Mortgage Deed duly signed and witnessed.
  • Send us the shortfall balance (if any).

WE

  • Set a completion date.
  • Carry out our final pre-completion searches.
  • Request the funds to arrive the day before completion to ensure redemption funds reach your present lender (if any) on completion day.

WE: on completion

  • Confirm completion has taken place and send you a completion statement.
  • Redeem your existing mortgage(s) if any and if applicable complete the postponement of a second charge.
  • Date the Mortgage Deed.
  • Deal with registration of the mortgage at the Land Registry.
  • Send any surplus funds to you by cheque or bank transfer.

           

YOU: on and following completion

  • Double-check that your buildings and/or contents insurances are in order.
  • Receive any surplus from us by cheque or bank transfer (optional).
  • Receive notification from your new lender of the first payment.

YOU if applicable

  • Receive from us any life policies sent to us by your former Lender if any and any Deeds sent to us which are not required by your new lender.

WHAT IS NOT INCLUDED WITHIN THE PROFESSIONAL CHARGES OF WOOLLISCROFTS ?

Unless features such as those listed below are expressly highlighted to us at the time of Woolliscrofts being requested to provide details of our estimated Professional Charges and expressly included within the estimated pricing information provided to you at the outset of your matter, the following matters are illustrative examples the kind of factors which will not be included in the price provided to you by Woolliscrofts:-

  • Additional work involved in relation to Unregistered Property;
  • Additional work involved in relation to Leasehold (as opposed to Freehold) property;
  • Additional work involved in relation to Newly Built Property;
  • Additional work related to property involving Shared Ownership;
  • Additional Work related to requirements imposed by Mortgage Lenders;
  • Additional Fees / Disbursements imposed upon us by your chosen Mortgage Lender and / or any Panel Management Company used by your Mortgage Lender;
  • Additional work related to Gifted Deposits;
  • Additional work related to Auctions;
  • Assistance with Help to Buy ISA Declarations and Applications (the additional cost of which, if required by the client, would be approximately £75 plus VAT);
  • Assistance with claiming refunds of Higher Rate Stamp Duty where appropriate (the additional cost of which, if required by the client, would be approximately £75 plus VAT);

Illustrative examples of the kind of other matters which will not be included within any initial Costs Estimate provided by Woolliscrofts are as follows:-

  • Additional work involved in dealing with any unforeseen issues related to Client Identification Verification and the like;
  • Additional work related to unforeseen issues related to verification of the Source of Funds;
  • Additional work related to any issues which may beidentified with Legal Title to the property or other issues of relevance to the property which could deter a purchaser from proceeding to Completion upon the originally contemplated terms;
  • Additional work related to unforeseen complexities arising;
  • Additional work related to you failing to promptly provide information, documentation, instructions or funds requested from you by us and / or you failing to follow our advice;
  • Additional work related to any assistance which you may ask us to provide in relation to the completion of documentation sent to you by us which we would generally expect our clients to complete themselves.

It is also extremely important that you appreciate that:-

- Woolliscrofts Solicitors are not Surveyors – and so will not, for example, visit the property, assess the condition of the property or check that physical boundary features on the ground match those appearing on Title Plans / Documentation in our possession;

-       Woolliscrofts Solicitors are not Accountants – as a consequence of which certain tax related issues may arise which do not fall within the expertise of Woolliscrofts Solicitors and / or the scope of your retainer with Woolliscrofts Solicitors;

-       There are a multitude of issues which can arise as a result of Survey Reports, Search Results and the like which do not fall within the expertise of Woolliscrofts Solicitors and / or the scope of your retainer with Woolliscrofts Solicitors.

If any need arises for Woolliscrofts Solicitors to revise a Cost Estimate previously provided to you would obviously be informed and of the reason(s) for that.



OFFICE LOCATIONS

HANLEY - 6-10 Broad Street
TUNSTALL - Butterfield Place
STONE - 51 High Street
STAFFORD - 14 Park Street
WOLSTANTON - 13 Morris Square
ALSAGER - 20c Lawton Road

CONTACT US

TELEPHONE 01782 204000

Freephone 0800 083 97 87

Email:enquiries@woolliscrofts.co.uk

MEET OUR TEAM

Personal Injury Team
Property Team
Family Matters Team
Wills, Trusts & Probate Team
Commercial Team

Client Information

Woolliscrofts Solicitors Ltd

Woolliscrofts Solicitors is a trading name of Woolliscrofts Solicitors Ltd (Company Number 7095267) which is registered in England and Wales.

A list of the Directors is open to inspection at the Registered Office situate at 6-10 Broad Street, Hanley, Stoke-on-Trent, Staffordshire, STI 4EU. VAT Registration Number 278 8906 90. Authorised and regulated by the Solicitors Regulation Authority

Contact Us

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6-10 Broad Street
Hanley,Stoke on Trent ST1 4EU