Conveyancing lawyers for Residential Property

Our conveyancing lawyers in Finchley, North London understand that buying or selling a home can be an intensely stressful experience, with reams of documents and legal requirements to contend with.

Whether you are looking to get a first foot on the property ladder or hoping to buy somewhere to retire, expert legal advice is essential to ensure that the transaction is completed as quickly and efficiently as possible.

At OGR Stock Denton,  our experienced property lawyers are available to offer guidance through every step of the conveyancing process.  Our property team is headed up by Michael Stock who is responsible for overall supervision of the team. 

Our team has years of experience of the property market, both at a local level and nationwide and can advise on everything from the fixtures and fittings included in a property to any potentially awkward clauses you should be aware of.

As a firm we believe it is important to speak plainly and avoid any of the legal jargon which can often serve to frustrate and confuse. Our solicitors are used to working to tight deadlines and will liaise closely with other parties involved in the chain to ensure that the transaction is progressed smoothly.

We are also committed to keeping clients up-to-date at every stage, advising on what is required and ensuring you are fully informed about the costs involved. We also ensure that we respond to all calls and emails promptly.

Our areas of expertise include:

OGR Stock Denton, property solicitors North London, is an accredited member of the Law Society’s Conveyancing Quality Scheme which offers official recognition of the services we offer.

If you require further advice on our full range of residential property services, please visit our contact us page.

Sales and purchases:

For a straight-forward case, our fixed fees range from £1,250 to £3,500 (plus VAT) and will depend on the value of the property, whether there is a mortgage involved, the complexity of the transaction and the level of experience of the solicitor dealing with your matter. 

Please note that this does not include disbursements payable by you, such as official copy entries of the title register, Land Registry fee, stamp duty land tax, local authority and other search fees.

Search fees are usually in the range of between £400-£800 plus VAT and depends on the value of the property. For more information please see the land registry fee scale here.

There may be instances where our fees will exceed the above fee range, for example where the property is for investment purposes or is a new build, listed building, or if a lease extension is required.

Our residential property lawyers are here to discuss your property needs and can provide you with a detailed estimate of the costs involved including any disbursements before undertaking any work. For more information please get in touch with a member of our team today. 

Most purchases attract Stamp Duty Land Tax (SDLT). Please use this link to calculate your SDLT payable.

Re-mortgages:

Our fixed fees start from £950 plus VAT and will increase depending on the type of property, lender requirements, the complexity of the transaction and the level of experience of the solicitor dealing with your matter. whether this is a second mortgage and whether the property is tenanted.

Lease-extensions:

Our fees for a voluntary lease extension (which includes acting for your lender) are £1,750 plus VAT. For statutory lease extensions, our fees range between £2,250-£2,500 plus VAT

Transfers of equity:

Our fees range between £750-£950 plus VAT

Key stages – Purchase, Sale and Mortgage

The fee ranges detailed above cover all work in relation to the following key stages of a straightforward purchase, sale and mortgage:

  • taking your instructions and providing an overview of the transaction and process;
  • drafting or reviewing the contract/mortgage deed and (where appropriate) negotiating its terms;
  • undertaking due diligence (which is a review of title, ordering appropriate property searches, raising appropriate enquiries and reviewing responses) or responding to the purchaser’s and/or lender’s enquires about the property;
  • exchanging contract and completing;
  • submitting stamp duty land tax returns; and
  • registration of the transaction at the land registry.

Transaction timescales

Timescales usually will depend on a number of factors which are specific to the transaction. Exchange of contracts is likely to take between six and eight weeks – subject to searches, complications, defects and title, mortgage lenders etc. The completion date is as agreed between both parties. There may be other factors which may affect the timetable. We will keep you updated at each stage of the transaction and we can discuss important dates and set realistic timeframes. 

[Please note all VAT is charged at the prevailing rate of 20%]