Property Solicitors

Property Solicitors in Manchester

The process of buying or selling a home can be both stressful and complicated. That is why here at John Poyser our expert Property Solicitors in Manchester can guarantee that any transaction will be as hassle-free as possible. We will guide you through every step of the completion of your sale or purchase and ensure that you remain in control of the entire process.

At John Poyser our property solicitors can assist you in following areas of residential conveyancing:

1. Residential sales
2. Purchases
3. Re-mortgages
4. Secured loans
5. Buy to let sales and purchases
6. Transfer of equity

All of our expertise means that we can help you whether you are a first-time buyer, seasoned property investor or buying at auction or entering into a shared ownership. Within our residential conveyancing department, unlike most solicitor firms, all of our staff are fully trained solicitors. They are able to use the latest technologies to ensure that all transactions are completed as quickly as possible to ensure you are never out of pocket.

In many cases, our residential Property Solicitors in Manchester can offer our clients a fixed fee for the work needed to be undertaken. Our aim is to offer a timely service, thereby reducing the stress of any residential transaction which is normally experienced.

Expert advice to get you moving:

John Poyser Solicitors has a wealth of experience dealing with residential conveyancing, helping clients make important decisions relating to buying or selling property.
Although an exciting time in most people’s lives, buying or selling a house is considered to be one of the most stressful things people do, particularly when unforeseen difficulties arise. John Poyser Solicitors will provide the support and information you require in order to make the transaction as smooth as possible.
Transferring property ownership can often be a lengthy and sometimes complicated process, so it is important you have solicitors on hand to guide you through the process and provide regulated and expert advice.

We provide a range of advice and assistance for individuals and investors across the UK relating to residential conveyancing, including:

• Buying a new home
• Selling your property
• Equity release
• Transfer of Equity
• Deeds of Gift
• Re-mortgages
• Land registry issues

Our prices and costs explained

Our team is experienced in delivering high quality work in all matters relating to Residential Conveyancing.
Domestic Conveyancing Rates – Anticipated Legal Charges

In relation to the sale of a property (Freehold):

We estimate that the costs involved in the purchase will be as follows:-

Legal Fees £500.00
VAT £100.00
Land Registry Office Copy & Plan £6.00
Telegraphic Transfer fees £19.20
TOTAL £625.20

We can only give you an estimate of our fees. The estimate is based on the information we have at present therefore the estimate can change in the future.

If the sale does not to proceed to completion, we will charge you for any work done plus VAT and any payments made on your behalf.
In relation to the sale of a property (Leasehold):

We estimate that the costs involved in the purchase will be as follows:-

Legal Fees (based on 3 hours) £600.00
VAT £120.00
Land Registry Office Copy & Plan £6.00
Telegraphic Transfer fees £19.20
TOTAL £745.20

We can only give you an estimate of our fees. The estimate is based on the information we have at present therefore the estimate can change in the future.

If the sale does not to proceed to completion, we will charge you for any work done plus VAT and any payments made on your behalf.
In relation to the purchase of a property:

Option 1 – If the property is freehold

We estimate that the costs involved in the purchase will be as follows:-

Legal Fees £500.00
VAT £100.00
Stamp Duty (TBA)
Land Registration fees, to register you as new owner (TBA)
Land Registry search priority search £3.00
Bankruptcy Search £2 per person
Searches (approx) £258.40
Telegraphic Transfer fees £19.20

We can only give you an estimate of our fees. The estimate is based on the information we have at present therefore the estimate can change in the future.

We will not know exactly which searches we will make until we see the Title Deeds for the property you are buying, so we have estimated what these will cost.

If the purchase does not to proceed to completion, we will charge you for any work done plus VAT and any payments made on your behalf.

In relation to the purchase of a property:

Option 2 – If the property is leasehold

We estimate that the costs involved in the purchase will be as follows:-

Legal Fees (based on 4 hours) £868.00
VAT £173.60
Stamp Duty charged as follows:- (TBA)

Land Registration fees, to register you as new owner
depending on the purchase price ranges from (TBA)

Land Registry search priority search £3.00
Bankruptcy Search £2.00 per person searched
Searches (approx) £258.40
Telegraphic Transfer fees £19.20

We can only give you an estimate of our fees. The estimate is based on the information we have at present therefore the estimate can change in the future.

We will not know exactly which searches we will make until we see the Title Deeds for the property you are buying, so we have estimated what these will cost.

If the purchase does not to proceed to completion, we will charge you for any work done plus VAT and any payments made on your behalf.
The figures shown on the conveyancing rate tables above are representative of a standard residential conveyancing transaction without complications. For example, the purchase of flats and apartments are much more complex and raise additional issues which will need to be resolved and, owing to the complications which may arise, buyers of that type of property can expect to pay additional fees.

The purchase of newly built properties, Shared ownership purchases, Transfers of equity, Equity release, Help to Buy matters and purchases with the benefit of Islamic Finance tend to be more complicated and may be subject to the payment of additional fees.
If the basis of ownership of a property requires the preparation of a Declaration of Trust or if buyers are obtaining mortgage finance, there are likely to be additional fees payable. Lenders also require legal representation and if we are able to act for them (which invariably we will be able to do) there will be an additional charge for acting on their behalf which will become apparent from their mortgage offer.

There are also situations where it is necessary to obtain indemnity insurance and if that does prove necessary, there are likely to be additional fees for that.
Other possible factors that could result in additional fees would be if the legal title is defective or part of the property is unregistered; or if building regulation approval or planning permission has not been obtained; or if crucial documents which have been requested have not been provided.
Remortgages and Transfer of Property by Gift

The following anticipated legal charges apply –

• Remortgages – minimum charge of £400.00 plus VAT of £80.00 a total of £480.00.
• Transfer by Gift – minimum charge of £350.00 plus VAT of £70.00 a total of £420.00.

Other Costs and Expenses

In addition to the above legal charges there will also be a number of expenses

Sale – So far as the sale of a residential property is concerned, provided ownership of the property is registered at HM Land Registry, there will also be the cost of Land Registry entries and possibly other Land Registry documents depending on whether the property is subject to covenants. As a minimum, we would expect to have to obtain Land Registry entries and Title Plan at a cost of £6.00 Where it is necessary to discharge a mortgage or the seller requires the proceeds of sale to be paid by way of a Bank Transfer, there will be a Bank Transfer fee to pay totalling £19.20 inclusive of VAT.

Purchase – So far as the purchase of a residential property is concerned, the expenses it will be necessary to incur will depend to an extent on where the property is located and whether the buyer obtains mortgage finance. If mortgage finance is required, a buyer will be expected to carry out a full range of standard pre-contract searches, the cost of which can depend on where the property is situated.

Lawyer check – £10 plus VAT of £2.00 a total of £12.00

As a rough guide, the cost of pre-contract searches at the present time total approximately £258.40
Note – It should be borne in mind that this Firm has a policy of carrying out, what are known as, full searches. Organisations have been set up which carry out, what are known as, personal searches. Personal searches are generally much cheaper than full searches. That is the only advantage of them. The disadvantages are several, namely, they take longer to obtain because the person carrying out the personal search has to make an appointment at the Local Authority, the Local Authority do not guarantee that the information contained in a personal search is accurate and correct and if the buyer is obtaining with mortgage finance, quite often, a lender may not accept personal search results.

In relation to purchase matters, there will be a Bank Transfer fee for transferring funds to the seller’s solicitors on completion totalling £19.20. There will also be a Land Registry fee to pay. The following is a link to the Land Registry’s website and in particular, onto the calculator which gives details of their fee.
http://landregistry.data.gov.uk/fees-calculator.html
There is also a possibility that stamp duty land tax will be payable. The following is a link to the Government online calculator so that potential buyers can work out how much stamp duty they will be liable to pay.

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Remortgages and Deeds of Gift

In relation to re-mortgages and Transfers of property by Gift, there will also be fees to pay for the cost of Land Registry documents and also Land Registry fees, the amount of which will depend on the value of the property being transferred.
Finally, in relation to all types of transaction we are required to obtain identification evidence for anyone on whose behalf we act and therefore, it will also be necessary to carry out online identification checks in connection with all clients and anyone else who is putting money into a property transaction. The cost of each online identification check is currently free of charge.

Timeframe

So far as a timeframe is concerned in relation to the Sale and Purchase of properties, this can be difficult to predict because it can be affected by a number of factors, for example, the number of parties involved in the chain of transactions, whether any of them need mortgage finance or whether parties are dependant on the sale or purchase of an alternative property, etc. Generally, a straightforward residential property transaction takes between 6 and 12 weeks.
So far as re-mortgages are concerned, these can be dealt with much quicker simply because the only parties involved are the lenders and the borrower. Once mortgage instructions have been received, in theory, it should be possible to complete the re-mortgage within two weeks depending on the lender’s requirements.

For any further information on how we can help you, please contact us.

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Here at John Poyser Solicitors, we pride ourselves on the experience and expertise our dedicated solicitors have amassed over the years. We always strive to achieve the very best results for our clients and will go the extra mile to do so.