Example Purchase Quotation of a Freehold House
EXAMPLE PURCHASE QUOTATION OF A FREEHOLD HOUSE
Our quotation covers all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
To provide you with a quote, we will require the following information:
Client Name
Client’s Correspondence Address
Address of the property to be purchased
The Tenure and the Purchase Price
Our fees are largely governed by the purchase price and may vary if this changes
Based on the information you have supplied, the fees and disbursements in relation to your purchase will be:
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Disbursements
Disbursements are costs related to your matter that are payable to third parties,
such as Searches and Land Registry fees.
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This is an example provided for illustrative purposes to show how we work.
Charges and costs vary considerably between matters.
This information is a general indication of our likely costs.
Our fee assumes that:
A. This is a standard transaction and that no unforeseen matters arise including, for example (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
B. The transaction is concluded in a timely manner and no unforeseen complications arise
C. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
D. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
Please contact us for a personalised quote.
How long will my house purchase take?
How long it will take from your offer being accepted until you can move in to your house
will depend on a number of factors.
The average process takes between 8-12 weeks.
It can be quicker or slower depending on the parties in the chain and their circumstances.
For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle
an estimated timescale may be 8 weeks if the property is already built.
However, if you are buying a leasehold property that requires an extension of the lease,
this may take significantly longer – possibly between 3 and 12 months.
In such a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances.
These include:
• Taking your instructions and giving you initial advice
• Checking finance is in place to fund the purchase and contacting the lender's solicitors if needed
• Receiving and advising on contract documents
• Carrying out searches
• Obtaining further documentation if required
• Making any necessary enquiries of seller's solicitor
• Giving you advice on all documents and information received
• Considering conditions of mortgage offer with you
• Arranging an appointment for you to review and sign all the relevant documentation, i.e. Contract, Transfer
• Agreeing a completion date (date from which you own the property)
• Arranging for all monies required to be received from the lender and yourself
• Exchanging contracts and notifying you that this has been effected
• Completing purchase
• Dealing with payment of Stamp Duty/Land Tax
• Dealing with the application for registration of title at the Land Registry
We are authorised and regulated by the Solicitors Regulation Authority (8001403), and are approved members of the Law Society's Conveyancing Quality Scheme.
Address:
Chadwicks Solicitors,
Tudor House
9-11 Towngate,
Leyland,
PR25 2EN.
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