Tel: 020 7243 8888
Fax: +44 (0)207 221 8802
Conveyancing
Highly experienced conveyancing solicitors
Nadine Wong and Co Solicitors offers professional property conveyancing services for sellers, homebuyers and landlords in Queensway and across London.
Property conveyancing
As a client of Nadine Wong and Co Solicitors,
you can be confident that our team has many years of experience in dealing with sale and purchase transactions and are used to dealing efficiently with any problems that may arise, ensuring that the legal process of selling your property progresses as smoothly as possible.
Family law
Please telephone 020 7243 8888
or complete our online enquiry form to make an appointment or if you would like further information.
Our specialities include:
- Buying and selling residential and commercial properties
- Off plan: new built
- Tenancy agreements
- Lease extensions
- Assignment of leases
- Rent review
- Advising on landlord and tenant matters
The legal process of your property purchase
For most of us, buying a property is the single largest item of expenditure incurred in our lives.
We have advised clients from sole proprietors to large scale companies on transactions ranging from a single unit shop space to an entire building. Contact us
for more details.
Please note that these figures are an estimate, and do not take into account the complexity of a typical residential transaction or overseas buyers. For this, we provide a bespoke quote.
What work we do
Led by our Principle, Ms Nadine Wong, who has many years of experience in conveyancing transactions, our residential conveyancing team can assist you in the sales or purchase of a property.
The total cost of service or if this is not practicable, the firm’s average cost or range of costs
As each transaction is different, we are unable to give an accurate estimate of our fees until we are aware of all the details in relation to your transaction.
Our costs range from £1,250 - £6000
and vary upwards depending on the value of the property, complexity of the case, and the client’s individual circumstances and the other sides’ compliance. If complications arise, it will affect the fees quoted. We will inform you in advance should this happen.
Fees estimate
Please note that all work done in relation to your matter is supervised by our Principal and assisted by a Solicitor / Trainee or Paralegal.
Residential - Sales/Purchase
Freehold/Leasehold
| Property value | Our fees for Freehold | Our fees for Leasehold | |
|---|---|---|---|
| 1 | Up to £250,000 | £1250 + VAT | £1500 + VAT |
| 2 | £250,001 - £350,000 | £1500 + VAT | £1750 + VAT |
| 3 | £350,001 - £500,000 | £2000 + VAT | £2250 + VAT |
| 4 | £500,001 - £650,000 | £2850 + VAT | £3100 + VAT |
| 5 | £650,001 - £800,000 | £3250 + VAT | £3500 + VAT |
| 6 | £800,001 - £1m | £3750 + VAT | £4000 + VAT |
| 7 | £1,000,001 - £1.5 m | £4750 + VAT | £5000 + VAT |
| 8 | £1,500,001 - £2 m | £5750 + VAT | £6000 + VAT |
| 9 | £2 m - £3 m | £7750 + VAT | £8000 + VAT |
| 10 | Above £3 m | £7750 + VAT + Additional £500 for every £100,000 | £8000 + VAT + Additional £500 for every £100,000 |
Leasehold
Fee is the same but if a landlord’s licence to assign is required, our fees will be £350 extra.
Additional costs:
- Acting for individual with mortgage £600+VAT
- Acting for company with mortgage £800+VAT
- To complete and submit SDLT £150+VAT
- Deed of covenant £150+VAT
- Discharge of standard security £600+VAT
Key stages
Our work in a sale of a property will include:
- Taking your instructions and providing you with initial advice
- Carrying out all legal work in relation to your matter (if applicable) e.g. drafting contract of sale, liaising with the opposition solicitors, responding to requisitions raised, dealing with HM Land Registry, exchange contract.
- Obtaining title documents and details of the parties involved
- Preparing contract papers and negotiating it with the buyer’s solicitors
- Communicating with the buyer’s solicitors regarding any raised enquiries
- Exchange contracts
- Completing the transaction and obtaining funds from the buyer’s solicitors
- Redeeming any existing mortgage and accounting you with the proceeds of sale
- Inform you with the completion
Our work in a purchase of a property will include:
- Taking your instructions and providing you with initial advice
- Anti-money laundering check on source of funds
- Carrying out searches
- Receiving and advising on contract documents
- Obtaining further documentation if necessary
- raising any necessary enquiries to the seller’s solicitor
- Send final contract to you for execution
- Agree completion date
- Inform you with the completion
Overseas buyers
Due diligent and tracking of funds required overseas funds, so our fees will be an additional fee of £1000 + VAT for funds up to £100,000. For over £100,001, we charge a further £500 + VAT for every £100,000 increment.
To Prepare deed of gift we will also charge an extra of £750 + VAT. Please contact us for further information.
If a matter is aborted, we will bill you for the work done at our hourly rate, which we will set out in our client care letter. Our hourly rate is £100.
Disbursements
We will let you know when you disbursements occur:
| Land registry Official Copies | £3 each |
|---|---|
| Stamp Duty Land Tax (SDLT) | Please see the following for a calculation of SDLT on the government’s website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro |
| Searches (average): | £275 to £550 |
| Notice of transfer fee | Depends on lease |
| Notice of charge fee | Depends on lease |
| Telegraphic transfer fees | £42 |
| Compliance and AML check fees UK | £30 |
| Compliance and AML Check fees (international) | £40 |
| Bankruptcy search | £3 per name |
| Management pack (leasehold) |
Is VAT payable on our fees and disbursements? If so, how much is charged
All our fees and most disbursements are charged at 20% currently in force. Disbursements are charges paid to a third party.
Money on account
We normally ask for £500-£750 money on account to start the case.
Timescale
Although we try our best to provide you with the estimated timescale of the process, it is hard to guarantee how long the process will take. The type of transaction, length of the chain, and speed of all the other relevant parties will influence the length of the process.
The average process for a straightforward sale will take between 8-12 weeks on average to exchange. Further 2 weeks, expecting that all parties being agreeable to the completion date. When you are purchasing, the process usually takes between 6-10 weeks.
Mortgage/Re-mortgage
We are on the panel for Barclays, HSBC, Clydesdale Bank, Yorkshire Bank, and Nationwide. Please contact us with more details regarding the property and the lender.
We are Conveyancing Quality Scheme (CQS) accredited solicitors since 2013. Our work follows the CQS guidelines and our staffs are trained by CQS to provide conveyancing services over and above the benchmark set out by the Law Society.
Key Stages
- Take your initial instructions and give you initial advice
- Submitting appropriate searches
- Advising you as to the terms of the mortgage
- Preparing the mortgage deed
- Submitting the certificate of title to the lender
- Obtaining the mortgage advance
- Paying off the existing mortgage
- Discharging the original mortgage
- Dealing with the application for registration at Land Registry
Time Scale
We normally expect a re-mortgage to complete within five weeks of receiving full instructions. This would depend on when the offer of loan and searches are received.
Disbursements
Disbursements are costs incurred in the matter payable to a third party. We will inform you in advance when these disbursements occur.
- Land Registry title documents (no VAT) £3 each
- Search fees – This will vary region by region but may typically reach around £350 for the basic searches. With the London area usually more expensive.
- Land Registry priority searches £3 (no VAT)
- Bankruptcy searches £2 per person purchasing
- Land Registry fee – depends on the value of the mortgage you are obtaining. This can be calculated on the Land Registry’s website
Please refer to our Conveyancing Disbursements chart listed above.
VAT
All our fees and most disbursements are charged at 20% currently in force.
Property conveyancing services in Queensway and throughout London.
Call Nadine Wong and Co Solicitors
on
020 7243 8888
Fax:
+44 (0)207 221 8802
We are proud members of the ILPA (Immigration Law Practitioners' Association), and are accredited by The Law Society
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