Specialists  |  Buying  |  Selling  |  Buying & Selling  |  Re-Mortgaging  |  Equity Transfer  |  Conveyancing Procedure


CONVEYANCING SOLICITOR QUOTE



Our solicitors are able to give a competitive quote for low cost conveyancing anywhere in England and Wales. Our solicitors are able to give a competitive quote for low cost conveyancing anywhere in England and Wales. Our solicitors are based outside of the major metropolitan centres and as such are able to offer economic quotations due to substantially reduced overheads. Where possible we deal with matters electronically and there is no need for any of our clients to ever attend our offices. Clients who do not have access to a computer can still be dealt with efficiently by use of post and telephones and will find our service still proceeds at a fast pace due to use of modern technology again without the necessity to attend any law office. For a free no obligation conveyancing solicitor quote just use the helpline or complete the contact form and a solicitor will contact you with free advice.



SOLICITORS HELPLINE 0844 332 0335

Glossary - II


Deposit

    When contracts are exchanged it is customary for the prospective buyer to pay 10% of the sale price as a non refundable deposit to show good faith however many contracts are exchanged without a deposit being paid.

Exchange of contracts

    This is the point at which the agreement to buy and sell becomes binding on the parties who each sign a separate copy of the contact which is then exchanged usually by solicitors acting for the parties as evidence of a written agreement. The exchange of contracts is done by solicitors either informally by phone, formally via surface mail or in person.

Conveyancing solicitor quote

    This is the amount that you will be charged for carrying out the detailed work necessary for the transfer of ownership of property. It usually includes several elements which are :-

    • the solicitors own charges for the work done by the law office
    • the cost of any expenses or disbursements incurred
    • tax which includes :-
      • VAT on the legal fees
      • stamp duty which is a tax charged on the transfer of property once the value exceeds the current threshold.

Fixtures and Fittings

    A comprehensive questionnaire relating to fixtures and fittings should be completed by the seller prior to exchange of contract. It is the client and not the solicitor who is required to complete the form. The form becomes part of the contract and is used to make sure that there is no confusion as to what is included in the sale. Fixtures are items that are firmly attached to the building for sale while fittings are those that are less firmly attached.

Land Registry

    The Land Registry holds the main record of all land and property transfers in the UK. Upon completion of a transfer it is mandatory to register that transfer with the Land Registry. The Land Registry can provide the new owner with a Land Certificate and if a mortgage is involved the Land Registry can provide the lender with a Charge Certificate.

Local Authority Search

    This is a standard form which is completed by the local authority. It includes questions regarding the property including building and planning permits, road plans and any proposals or restrictions for the area surrounding the property including whether or not it is within a conservation area.

Mutual Deed of Covenant for flying Freehold

    This is a document which outlines or details each neighbour�s responsibilities where there is a flying freehold which is a property that hangs over another person's property apparently trespassing over the air space. Common flying freeholds are balconies and property built over access tunnels to backyards and garages.

Power of Attorney

    This document empowers a person to make decisions and enter into contracts on behalf of another person. The document usually has restrictions. It is mostly used for conveyancing transactions when either the buyer or seller is a not a UK resident.

SOLICITORS HELPLINE 0844 332 0335