We understand that buying a house or selling a house can be a stressful process. That is why we do everything we can to bring confidence, certainty and drive to every property transaction we undertake.
Our team of conveyancing solicitors have many years’ experience in providing first-class legal advice and support – making sure that conveyancing transactions proceed according to required timescales, on budget and as smoothly as possible.
Residential Property Services
- Buying freehold and leasehold properties
- Selling freehold and leasehold properties
- Transfers of equity
- New build properties (acting for developers/ sellers and purchasers)
- New leases and lease extensions
- Right to buy purchases
- Shared ownership purchases
- Applications for adverse possession
- Advice to Landlords/ Management Companies
- Deeds of Trusts
- Deeds of Covenants
Why Choose TV Edwards?
Excellent communication is key to a successful and smooth conveyancing transaction. That is why at TV Edwards we provide you with a single dedicated conveyancing solicitor acting for you throughout the transaction. You will have their direct contact details so that you will easily be able to contact them and be clear as to how your case is progressing. We are also proactive in contacting you to make sure that you are kept up to date at each stage of the process. We pride ourselves on being approachable and always contactable.
“Naomi provided an excellent service and kept me fully informed from day one. Nothing was too much trouble. Would definitely recommend.”
How Much Does Conveyancing Cost?
We know that our clients want clarity when it comes to conveyancing costs. That is why we always provide a realistic figure from the onset on what you can expect to pay at the end of the transaction. There will be no hidden extras.
We proudly hold The Law Society’s best practice quality mark (CQS) making us part of a trusted community of residential conveyancers. Members of CQS have to demonstrate best practice, the highest standards of technical expertise and client service.
Independence from any Estate Agency
We are not linked to any other agencies and do not pay any ‘referral fees’ to third parties. Any recommendation you receive will be based solely on the level of service we have provided on previous transactions. This means that we can act solely for you and in your best interests.
Frequently Asked Questions
What is conveyancing?
Conveyancing is the process of transferring the ownership of property or land from one person to another.
How long will it take?
If the transaction is a straightforward one and goes ahead without any problems, then it should take between 6 and 8 weeks to conclude.
Sometimes it can take longer than this for reasons beyond the control of your solicitors. Some of the factors which may mean the transaction takes longer to conclude are:
- Unexpected problems: for example issues arising out of searches or enquires undertaken into the property or land
- how long the ‘chain’ of related transactions is
- whether or not the other parties to the transaction wish to move as swiftly as you do
- If you are taking out a mortgage, whether this has already been arranged.
What does it cost?
The cost of buying or selling property is made up of legal fees (solicitor’s charges) and disbursements (or expenses) that solicitors incur on your behalf. Examples of expense include:
- Search fees
- Land registry fees
- Stamp duty
If you are purchasing a property and know the purchase price, then you can use our conveyancing calculator to obtain a quote for our services.
What are the charges if the transaction falls through?
If for one reason or another, the transaction falls through you will normally be liable for:
- Any disbursements (or expenses) already paid
- A proportion of the legal fees relating to the amount of work done up to the time the transaction falls through.
Do I need a survey?
If you are obtaining a mortgage, you lender will have the property inspected to see if it is suitable to lend against but it is often a good idea to have a more detailed survey undertaken – especially on older properties.
Surveys can bring to light problems with the property you are buying which you otherwise may not know about. It may be that you could ask a seller to put those problems right before you buy, or you might use any problems to re-negotiate the purchase price.
What is ‘exchange of contracts’?
This is the stage in the transaction when the purchase or sale becomes legally binding and the parties cannot pull out of the transaction without significant financial cost.
When contracts are exchanged, the completion (or moving date) is confirmed.
When contracts are exchanged a deposit is paid over by the buyer’s solicitor to the seller’s solicitor. This is usually 10% of the purchase price.
The process of exchanging contracts is done by the solicitors for either party (usually over the telephone). You do not need to be present when contracts are exchanged.
At what stage should I book removals?
You should book any removals once contracts have been exchanged and the completion (or moving date) has been confirmed.
What happens on ‘completion’?
The completion date is established when contracts are exchanged.
Solicitors transfer the money to complete the purchase. These sums are set out in a ‘completion statement’.
The solicitor will also send you a cash statement showing the amount required to settle mortgage accounts, estate agents fees if selling, and legal fees.
Once money has changed hands, arrangements are made to release the keys to the property.
What happens after completion?
The buyer’s solicitor deals with any Stamp Duty formalities and registers the change of ownership with the Land Registry. Once the deeds are registered in your name, your solicitor will arrange for them to be sent to you.
Will I have to pay Stamp Duty?
Stamp Duty is a tax payable by the buyer of property over a certain price in England and Wales.
The current threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.
How much you pay depends on whether the land or property is:
- non-residential or mixed use
You can use HM Revenue and Customs’ Stamp Duty Land Tax calculator to work out how much tax you’ll pay.