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For buying & selling property, Parachute Law offer professional Conveyancing Services

Buying & selling property is a big step, and you can’t afford for anything to go wrong. You need a highly skilled and experienced legal team who will get the job done quickly, allowing you to focus on other things.

Conveyancing describes the legal process of selling a home in England and Wales. It takes place when the title or ownership of the property is transferred from the seller to the buyer.

As a property buyer or seller, it is in your best interests to hire a legal professional for this process.

We offer expert advice, guiding you through the process at every stage of buying and selling your property.

We take care of the legal side effectively and efficiently so you can be free to enjoy the experience of buying your home.

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Our Conveyancing Solicitors advise and assist with:

  • Property Sales
  • Property Purchases
  • Property Auctions
  • Joint Ownership
  • Shared Ownership
  • Transfer of Equity
  • Right to Buy
  • Purchasing the Freehold of a Leasehold Property
  • Remortgaging of a Property
  • Commercial and Land Transactions
 

Get a Free Purchase & Sale Conveyancing Quote

Complete our online form with as much detail as possible and our expert team of solicitors will provide you with a Free Fixed Fee Conveyancing Quote for the purchase and sale of your properties.
 
 

Your details

Please complete the following information about yourself.

Details of the Purchase

Please complete the following information about your situation

Details of the Property

Please complete all of the following information

Postcode of property
Flat or Apartment No.
First line
Second line
Town/City
County

Details of the Sale

Please complete the following information about your situation

Details of the Property

Please complete all of the following information

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Once you click submit, a member of the team will be in touch to complete your free quote and answer any questions you may have.

We will advise on the next stages of the process, should you wish to instruct on your quote.

 

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Our Conveyancing Purchase Fee's

Here you will find the range of our basic legal fees for standard transactions for dealing with the purchase of residential property.

The fees are based on the value of the property. Please note, these fees do not include disbursements which may be payable and the details of which can be found further down the page.

Value of transaction Basic Legal Fee VAT @20%
Up to £150,000£550
£150,001 to £250,000£600
£250,001 to £300,000£900
£300,001 to £400,000£925
£400,001 to £450,000£1,025
£450,001 to £550,000£1,050
£550,001 to £750,000£1,150
£750,001 and above£1,150 plus £50 for every £50,000 added to the value

 

Please note;

  • For leasehold properties there is an additional charge of £300 +VAT @ 20%
  • Searches for purchases - £360
  • Chancel Indemnity - £20 (if required)

Disbursements (being payments to third parties) are not included in the above legal fees for a house purchase. We cannot include all of them as some will only apply depending on the circumstances but and those which will be necessary are:

  • HM Land Registry fee – from £20 to £270 which depends on the property value.
  • Estate agency fees.
  • Other small Land Registry payments – ranging from £3 on a sale to £20 on a purchase.
  • Stamp Duty – this is paid on a purchase and is dependent upon the value of the property. Please visit stampdutycalculator.org.uk for details.

The exact final cost will depend on the complexity of the matter, the number of individuals involved in the transaction and whether the property is freehold or leasehold.

We will handle the full conveyancing and legal process for you, liaising with estate agents, your broker and other third parties involved in the matter.

 

Our Conveyancing Sale Fee's

Set out below are the ranges of our basic legal fees for standard transactions for dealing with the sale of residential property. The fees are based on the value of the property. Please note, these fees do not include where your property is leasehold or the cost of office copies from the Land Registry, the details of which can be found further down the page.

Value of transaction Basic Legal Fee VAT @20%
Up to £150,000£500
£150,001 to £250,000£600
£250,001 to £300,00£875
£300,001 to £400,000£900
£400,001 to £650,000£1000
£650,001 to £900,000£1100
£900,001 and above£1,100 plus £50 for every £50,000 added to the value

 

Please note;

For leasehold properties there is an additional charge of £300 +VAT @ 20%.
In addition, there will be a fee for obtaining Office Copies of your legal title from the Land Registry. Freehold = £12.60 and Leasehold = £25.20.

Additional costs

Occasionally additional costs are incurred during a matter which we could not have foreseen at the outset. A full list of the cost of those Additional Items can be found here.

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What are the stages of buying and selling a house in the UK?

In the United Kingdom, the process of buying and selling a house involves several stages, each with its own set of tasks and requirements. Here are the typical stages involved in both processes:

Buying a House:

 

1. Financial Preparation:

  • Assess your finances, determine your budget, and explore mortgage options if needed.
  • Get a mortgage agreement in principle to understand your borrowing capacity.

2. Property Search:

  • Research and view properties that meet your criteria.
  • Work with real estate agents, browse online listings, and attend open houses.

3. Making an Offer:

  • Make an offer on a property you're interested in, either directly to the seller or through your real estate agent.
  • Negotiate terms such as the purchase price, deposit amount, and any conditions (e.g., subject to survey, mortgage approval).

4. Conducting Due Diligence:

  • Arrange for property inspections, including a homebuyer's survey or a more comprehensive building survey, to assess the property's condition.
  • Conduct legal due diligence, including property searches and reviewing the contract of sale.

5. Securing Finance:

  • Finalize your mortgage application and provide any required documentation to your lender.
  • Await formal mortgage approval from the lender.

6. Formalizing the Purchase:

  • Once satisfied with the property and terms, sign the contract of sale and pay the deposit (usually around 5-10% of the purchase price).
  • Work with your conveyancer or solicitor to finalize the legal aspects of the purchase.

7. Exchange of Contracts:

  • Exchange contracts with the seller, making the sale legally binding.
  • Pay the deposit to the seller's solicitor or conveyancer.

8. Completion:

  • On the agreed completion date, pay the remaining purchase price, and take legal ownership of the property.
  • Collect the keys and move into your new home.

Selling a House:

 

1. Preparation:

  • Prepare the property for sale, including decluttering, cleaning, and making any necessary repairs or improvements.
  • Obtain property valuations and set an asking price.

2. Selecting a Sales Method:

  • Decide whether to sell the property privately, through a real estate agent, or via auction.
  • Choose a real estate agent, if using one, and sign a sales agency agreement.

3. Marketing and Listing:

  • Create marketing materials (e.g., photos, descriptions) to showcase the property.
  • List the property for sale on relevant platforms (e.g., online listings, newspapers).

4. Viewings and Offers:

  • Hold open houses and private viewings to showcase the property to potential buyers.
  • Review and negotiate offers from potential buyers.

5. Conducting Due Diligence:

  • Work with your conveyancer or solicitor to provide necessary documentation and address any legal queries from the buyer.

6. Exchange of Contracts:

  • Exchange contracts with the buyer, making the sale legally binding.
  • Receive the buyer's deposit (usually around 5-10% of the purchase price).

7. Completion:

  • On the agreed completion date, complete the sale by transferring legal ownership of the property to the buyer.
  • Receive the remaining purchase price and hand over the keys.

In Summary

Throughout these stages, it's essential to work closely with professionals such as real estate agents, conveyancers, solicitors, and mortgage lenders to ensure a smooth and successful property transaction.

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Should I use the same conveyancer for buying and selling?

Using the same conveyancer for both buying and selling a property is a common practice in the United Kingdom, and it can offer several potential advantages.

However, whether it's beneficial for you depends on your specific circumstances and preferences.

Here are some factors to consider when deciding whether to use the same conveyancer for both transactions:

1. Convenience:

Using the same conveyancer for both buying and selling can simplify the process by streamlining communication and coordination between parties. You'll only need to deal with one professional, which can save time and reduce the potential for miscommunication.

2. Familiarity with Your Situation:

If you've had a positive experience with a conveyancer in the past or if you trust their expertise, you may prefer to continue working with them for your next property transaction. The conveyancer will already be familiar with your circumstances and preferences, which can facilitate a smoother process.

3. Potential Cost Savings:

Some conveyancers offer discounts or package deals for clients who use their services for both buying and selling transactions. This could result in cost savings compared to hiring separate conveyancers for each transaction.

4. Conflict of Interest:

While using the same conveyancer for both transactions can be convenient, it's essential to consider the potential for conflicts of interest. For example, if a conflict arises between your interests as a buyer and seller, the conveyancer may face challenges in providing impartial advice.

5. Complexity of Transactions:

If either the buying or selling transaction involves complex legal issues or unique circumstances, you may benefit from hiring a specialist conveyancer with expertise in that specific area. In such cases, using separate conveyancers for each transaction may be preferable.

In Summary

Ultimately, the decision to use the same conveyancer for buying and selling or to hire separate conveyancers depends on your individual needs, preferences, and the specific circumstances of your transactions.

It's essential to weigh the potential benefits and drawbacks carefully and choose a conveyancer or conveyancers who can effectively meet your needs and protect your interests throughout the property transactions.

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Frequently Asked Questions when Buying & Selling Property

Payforboth

Do you pay conveyancing fees for buying and selling?

 

Our conveyancing solicitors can help with;

Buying a House - Conveyancing

Buying
a House

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Selling a house - Conveyancing

Selling
a House

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Buying & Selling a House

Buying & Selling
Properties

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Transfer of Equity

Transfer of Equity
on a Property

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Remortgaging

Remortgaging
a Property

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Commercial Conveyancing

Commercial
Conveyancing

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