Buying & Selling Property
Whether it’s your first home or a “buy-to-let” investment, everyone seeks to avoid the stress and uncertainty of a long and complicated transaction.
Our property team at EDS are strongly poised to help ensure all matters progress smoothly with an excellent reputation developed locally for fast, efficient transactions with excellent communication and face to face contact.
The team strive to ensure you are kept updated at all stages of the process and promise to talk to you in language you understand avoiding legal jargon.
Crucially, our team are local in the office when you need to talk to them or need advice on any issues as they arise. Call us old fashioned, but we don’t believe in good client service being offered by long distance call centres and anonymous representatives when it comes to property transactions.
Offering services from both our Coleshill and Marston Green offices, our team has over 20 years experience on all areas of property law to include sale, purchase, freehold purchases and transfer of equity.
Fees for buying and selling property
|Sales – Freehold||Fee (+VAT)|
Fees increase by £125 for leasehold sales.
On a sale above £750.00 and a purchase above £700,00.00, please call our office.
|Purchase – Freehold||Fee (+VAT)|
Fees increase by £125 for leasehold purchases.
For a leasehold purchace, there is a possibility of additional fees associated with obtaining the Leasehold Sales Pack. This is advised on an individual basis – please contact us for more information.
|Transfer of equity and remortgage||£600|
|Transfer of equity||£500|
|Right to buy (freehold)||£500|
|Right to buy (leasehold)||£550|
|Help to Buy scheme||additional £125|
|Help to Buy ISA||additional £50|
|Repayment of mortgage upon completion||£36 per mortgage|
|Standard search package*||Fee|
|Water and drainage, local search, environmental search||£150|
*All purchases are different, depending upon conveyance results some additional searches may be required.
|Sending purchase funds to Seller Solicitor||£36|
|Land registry searches*||Fee|
|Land Registry priority search||£3|
|Land Registry bankruptcy search||£2 per person|
*When purchasing a property, a buyer will always require a Land Registry priority search. A buyer will only require a bankruptcy search if the purchase is funded by a mortgage.
|Land registration fees|
|Value of property||Postal application*||Electronic application**|
|£1,000,001 and over||£910||£455|
*Postal applications are for registered land.
**Electronic applications are for unregistered land and new build properties.
With some purchases there is a possibility of a stamp duty charge, payable in accordance with Government procedure at the time of purchase. This is advised on an individual basis – please contact us for more information.
|Property value/lease premium/transfer value||Stamp duty rate|
|Up to £125,000||0%|
|The next £125,000 (from £125,001-£250,000)||2%|
|The next £675,000 (from £250,001-£925,000)||5%|
|The next £575,000 (from £925,001-£1,500,000)||10%|
|The remaining amount (above £1,500,001)||12%|
|Any balance due to the client||Fee|
|Same day payment||£5|
|Next day payment||Free of charge|
|BACS||Free of charge|