Property Purchase & Sales

Buying or Selling a residential house or commercial property is an exciting but often stressful time. At Charles Newton & Co we appreciate how you may feel and pride ourselves not only on our exceptional service and commitment to our Clients but also in guiding you through every step of the way as quickly and as easily as possible.

Our dedicated team of Conveyancing Solicitors have decades of experience between them and have dealt with just about every scenario considerable. Whether it is a straight forward sale or purchase of a residential or Buy to Let property or a more complex sale or acquisition of a commercial property we are on hand to advise you and see it through to completion, and beyond.

Some of the Residential Conveyancing Services we offer are:

  • Sales
  • Purchases
  • Remortgages
  • Transfers of Equity
  • Deed of Gifts & Declaration of Trusts
  • Leases and Tenancy agreements
  • Energy Performance Certificates

Some of the Commercial Conveyancing Services we offer are:

  • Sale and purchase of Commercial Premises e.g. shops, offices and factories
  • Granting and acquiring Leases
  • Rent renewal/review advice
  • New developments
  • Company and commercial matters

How long will my house sale/purchase/remortgage take?

How long it will take depends on various factors outside of our control such as how long it takes for draft contracts to arrive, the search providers timescales, how long it takes for your mortgage offer, to arrive (if applicable). The average process for a sale or purchase takes between 6-10 weeks depending on complexity. A typical remortgage transaction takes around 4 – 6 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 4 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 3 months. 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 would normally occur:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase
  • 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
  • Arrange for you to sign contract documentation
  • 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

 Conveyancing Fees:

When buying a property it will be necessary for certain searches to be carried out on your behalf, depending whether you are buying with or without the aid of a mortgage. The price of the searches varies depending on the location of the property.

In the quote estimator below we have included search fees for the Local Authorities and utility providers in our region, at the time of writing. If the property you are buying is not within these regions please call us to obtain the search fee for the relevant the Local Authority/utility company fee.

If you have an abortive sale or purchase you will have to pay the disbursements we have paid out, such as search fees, and our fees will be a proportion of the work undertaken up to that point.

Please see below for a typical conveyancing quote. For a formal quotation please call us today on (01773) 535535 (Eastwood Office) or (01159) 305070 (Ilkeston Office) for a FREE no obligation Conveyancing quote. The quote below includes common Disbursements. Disbursements are costs related to your matter that are payable to third parties, such as Search fees, Land Registry fees, Management Company fees in Leasehold transactions, Stamp Duty etc. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Purchase fees

Work undertaken on your behalf: carrying out essential identification and anti-money laundering checks, examining contracts and investigation of title, requesting required searches and advising client on any additional searches that may be required, checking mortgage terms and conditions and ensuring compliance, drafting transfer deed and raising requisitions, exchanging contracts, supplying certificate of title to mortgage lender and requesting funds, preparing completion statement for client and dealing with stamp duty, registering the change of ownership at the Land Registry.

Sale fees

Work undertaken on your behalf:  carrying out essential identification and anti-money laundering checks, drafting of contracts and deduction of title, liaising with purchaser’s solicitors and replying to enquiries, obtaining mortgage redemption figures, obtaining client’s signatures on documents, exchanging contracts and organising completion, arranging for mortgages to be redeemed on completion and providing the purchaser with documentation following completion

Remortgage fees

Work undertaken on your behalf: carrying out essential identification and anti-money laundering checks, investigation of title, requesting required searches and advising client on any additional searches that may be required, checking mortgage terms and conditions and ensuring compliance, drafting transfer deed supplying certificate of title to mortgagee and requesting funds, preparing completion statement for client and registering the change of ownership at the Land Registry.

 

PLEASE NOTE THE FOLLOWING:

The fees listed above will only cover the services mentioned. If your matter requires additional work that is not included in this estimate this will be discussed with you by your solicitor/conveyancing executive, and you will be informed of any additional cost at the earliest possible time. Transactions may exceed the quoted timescale for completion when they are particularly complicated. In addition there may be additional charges applicable which depends on the unique nature of the transaction e.g. properties with a second charge secured on the title require more work, the property may have a defective legal title, a Licence to assign is required, the property is unregistered title, a Deed of Trust is required, a Statutory Declaration is required, we need to obtain an indemnity insurance policy on your behalf, you wish us to post your deeds amongst others. The fees listed above are for information purposes and do not consititue a formal quotation. For a formal quotation please call us today on (01773) 535535 (Eastwood Office) or (01159) 305070 (Ilkeston Office) for a FREE no obligation Conveyancing quote.

All matters are dealt with by a qualified solicitor/licensed conveyancer.  Any work carried out on their behalf by their legal assistant and/or trainee will be subject to their direct supervision and on their instructions.

As you may already be aware, every property marketed for sale must now have an Energy Performance Certificate which is a Legal requirement. At Charles Newton & Co we provide Energy Performance Certificates extremely quickly and at a highly competitive price to ensure that there are no delays in marketing your property. We will not let you miss that potential buyer!

Mortgage Advice & Life Insurance

Do you need to obtain a mortgage or need financial advice about your property purchase? We work closely with Independent Financial Advisors who are able to offer and arrange highly competitive mortgages and provide sound financial advice for all your needs. Contact us today to find out more information.

So why not contact us today on (01773) 535535 (Eastwood Office) or (01159) 305070 (Ilkeston Office) for a FREE no obligation Conveyancing quote.

As well as residential Conveyancing, we can advise you on Commercial Conveyancing, Landlord and Tenant matters. For private client issues we offer advice on Wills, Powers of AttorneyProbate, as well as tax planning services.

Offices

Solicitors
5 Alexandra Street
Eastwood
Nottingham
NG16 3BD
Estate Agents
2 Alexandra Street
Eastwood
Nottingham
NG16 3BD

  01773 535535
Solicitors
6-8 Bath Street
Ilkeston
Derbyshire
DE7 8FB
Estate Agents
6-8 Bath Street
Ilkeston
Derbyshire
DE7 8FB

  01159 305070