Services > Residential Property

Residential Property

Whether you are buying your first property or upgrading to a new home, our experienced team of residential property lawyers will guide you through the maze of the conveyancing process. We are client focused and understand the need to work efficiently and to your timetable. Our goal is to reduce the risk you may face whilst taking all possible steps to achieve an early successful outcome.

 

 

Quick Enquiry

WHY VYMAN?

Putting you first

You may be a property investor, investing in residential property or you may be remortgaging.. We understand the need to be commercially aware whilst ensuring that your transaction proceeds smoothly, with minimal fuss and in a cost-effective manner.

We understand that moving house can be a busy and stressful time. We pride ourselves in providing you with a personalised service. A dedicated lawyer will look after your work from start to finish, and you will have direct access to them by email and telephone. Our approach is both pragmatic and efficient. Our aim is to serve your interests and make sure your transaction proceeds smoothly.

A significant portion of our work involves international collaboration with special emphasis on Indian landscapes. Our India Desk recognises the unique challenges and opportunities presented by cross-border projects and our team’s ability to integrate global prospectives with local insights and tailor its approach to align with your unique requirements.

AREAS OF PRACTICE

"Gurbinder was incredibly supportive during the difficult sale of my former home and purchase of my new house..

I had immediate responses to all my queries and was made to feel my matter was top priority and that I was their most important client.

Communication was in a language I understood - no legal jargon! And with just the right balance of formality and informality." 

Every very case is unique. Our conveyancing team are highly experienced and can handle even the most complicated conveyancing transactions. We work closely with all our clients to help them achieve their preferred deadline. We offer competitive prices in respect of our fees and should be used a guide only. We are happy to discuss your property transaction and assist you in obtaining a quote by phone or in writing.

Residential conveyancing work is undertaken by Partners, Consultant Solicitors and qualified conveyancers/Solicitors ranging between a year and 25 years’ post-qualification experience. They will be supported, where applicable, by Paralegals, Support Staff, and Trainee Solicitors.

Our fees are based mainly on the time spent by the partners, solicitors and other staff involved in your matter. This includes: time spent on meetings; drafting of documents; reading and research; preparing and working on papers and correspondence; telephone calls and time travelling in connection with your matter.

We charge a fixed fee on a sliding scale, dependent on the value of the property concerned, as follows:

Transaction Value Legal fees (plus VAT) Acting for Lender Fees Fees if Leasehold (uplift on legal fees)
Up to £500,000 £1,295 + VAT at 20% £295 £250
£500,001 – £650,000 £1,395 + VAT at 20% £295 £295
£650,001 – £800,000 £1,595 + VAT at 20% £350 £395
£800,001 – £950,000 £1,600 + VAT at 20% £395 £495
£950,001 and above 0.18% 0.05% 0.045%

Additional charges

Additional elements Charge/£ + VAT
Help to buy £350 + VAT at 20%
Newbuild additional 50% to the rates above, subject to minimum charge of £2,500 + VAT at 20%
Expedited transactions additional 30% to the rates above

For a residential re-mortgage – 50% of the sale or purchase fee based on the value of the property.

Disbursements

All disbursements will need to be paid in addition to the fees charged for our services. The majority of which are set by third parties and are out of our control.

Sale Disbursements

Monies on Account £1,000.00
Professional Fees including postage, telephone calls, faxes, photocopying etc £75.00 + VAT at 20%
AML + Identity Check (per person) £45.00 + VAT at 20%
Redemption Fee £150.00 + VAT at 20%
Office Copy Entries (per copy) £3.00
Bank Transfer Fee (per transfer) £20 + VAT at 20%
Management Pack/LPE1 The cost of providing the relevant information will be accessed by the Managing Agent/Freeholder. Once we have been informed of the charges, we will advise you.

Purchase Disbursements

Monies on Account £1,000.00
Professional Fees including postage, telephone calls, faxes, photocopying etc £75.00 + VAT at 20%
AML + Identity Check (per person) £45.00 + VAT at 20%
Bank Transfer Fee (per transfer) £20.00 + VAT at 20%
Stamp Duty If stamp duty is applicable, you can find more information and a calculator at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/holding
Land Registry Fee This is dependent on the value of the property. For more information, please visit https://www.gov.uk/guidance/hm-land-registry-registration-services-fees
Land Registry Searches £3.00 – OS1/2
£2.00 – Bankruptcy Search (per name)
Searches £300.00 (approximately, dependant on the local authority))
Acting for Lender (if applicable) From £250.00 + VAT at 20% (approximately)
Leasehold Property Additional costs to pay in respect of the apportionments of Ground Rent/Service Charge etc, we will let you know as soon as possible.

It may be that there are other disbursements which may be payable depending on the nature of the property that is being purchased or sold. We will advise you as soon as we are able to do so.

Timescales

An average conveyance takes an approximation of between 8 to 10 weeks. Other factors may affect the estimated time scale such as result of local search, additional enquires, defective title, outstanding mortgage offer and as to whether the chain is complete.

“I am happy to state, based on my personal experience, that Vyman Solicitors offer a service of high quality. The way they handle the client’s case is professional, their legal expertise and competence exemplary. The client is provided with useful and relevant advice at each stage of the case. Furthermore, the staff are polite and issues are dealt with promptly.”

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