With the Bank of England lowering the base rate to 0.1% and the current circumstances making us all consider our living costs is it time to consider a remortgage? What does remortgaging mean? A remortgage is when you change the mortgage you currently...
Conveyancing Solicitors in Ashby de la Zouch & Tamworth
Whenever residential property is sold, it is important to make sure that all of the legal aspects of the sale are taken care of. This ensures that the purchaser has full legal ownership of the property and that they are aware of any potential issues that might affect them while living in the property.
Fishers expert conveyancing team is made up of Solicitors, Legal Executives and Licensed Conveyancers, ensuring you a legally sound conveyancing process to give you complete peace of mind. We regularly act for clients in a wide range of residential property transactions and can tailor our service to your unique requirements.
Fishers is accredited by the Law Society Conveyancing Quality Scheme. We were recently shortlisted for Regional Firm of the Year East Midlands in the LFS Conveyancing Awards 2017.
Get in touch with our expert conveyancing solicitors
Making sure the conveyancing is correctly taken care of when buying and selling residential property gives you peace of mind that all of the legal aspects of the transaction are covered. Fishers expert conveyancing team have the expertise and experience to ensure no box is left unticked, so you can leave the entire process in our hands with complete confidence.
If you would like further information regarding any of our property conveyancing services or to arrange an initial appointment, please call your nearest office or complete our simple enquiry form and a member of our team will be in touch.
Our residential property conveyancing services
Fishers conveyancing solicitors offer the full range of legal services for buying and selling residential property and land, as well as remortgaging from our offices in Tamworth and Ashby de la Zouch. We handle everything from basic conveyancing to more complex affairs, helping to alleviate your stress and allow you to focus on planning your move.
For sale and purchase or commercial property, including buy to let property, please take a look at our commercial property services.
The cost of conveyancing
There are various costs associated with conveyancing. We do offer fixed legal costs or standard conveyancing transactions such as selling, buying and remotgaging.
Out of Pocket Expenses - Disbursements
Disbursements are the fees the person handling your conveyancing will have to pay to third parties for the various checks and other services required by the conveyancing process. The cost of your disbursements is usually set, either at a fixed price or based on a formula.
However, some disbursements are optional, so you should make sure you are clear which these are and why your solicitor or conveyancer feels they are appropriate when looking at quotes.
The main conveyancing disbursements cover:
Searches – These make sure you have all the information you need to know about a property you are buying and the surrounding area. Typical searches include contacting the local council, Environment Agency and Coal & Water Board for information such as whether the area is subject to flooding, if there are any rights of way across your property and anything else that might affect you when living in the property. If you are having a mortgage with a purchase transaction, these have to be carried out.
Title deeds – When selling your home you need a copy of the title to the property. These are various documents, held by the Land Registry assuming your property is registered, which prove that you legally own the property. A single set of office copies cost £3 per title and per title plan and any additional fee for any extra documents referred to start at £5 per document. For a leasehold property, you will generally have to pay a higher fee for your title documents to include a copy of the Lease itself.
Bank transfer or Telegraphic Transfer fees – When buying a property, your mortgage company will usually require you to transfer the funds via Telegraphic Transfer. This allows them to guarantee that the money reaches the seller’s account at the exact right time. You will usually need to pay a fee to your solicitor or conveyancer for handling this transfer, as well as bank fees.
Stamp Duty Land Tax – When buying a property over a certain value, you will have to pay Stamp Duty Land Tax. The current threshold for residential property is £125,000. The tax is charged on a sliding scale, with higher rates the higher the value of the property. There are currently discounts for First Time Buyers but sometimes a Higher Rate SDLT may be payable if you already own other property. Fishers will be able to guide you on this.
Anti-money laundering checks – These are required by the government to prevent property transactions being used for money laundering. This involves various checks to confirm your identity, most of which are now carried out online. The cost of these checks varies, with foreign nationals and ex-pats usually having to pay more.
Property fraud checks – It is strongly recommended when buying a property to check that the seller’s solicitor is legitimate before transferring the purchase price to them. This protects you from being caught out by fraudsters.
Leasehold and Management Company fees and costs – When buying leasehold property, there are often additional costs involved. These include things like creating a Deed of Covenant, which is a legal agreement between the leaseholder and yourself, setting out both of your responsibilities e.g. for building repair work.
The Law Society Conveyancing Quality Scheme
The Law Society offers a Conveyancing Quality Scheme that accredits law firms who have passed its standards for good conveyancing. The accreditation process involves rigorous examination and testing to prove that the conveyancing professionals working within a law firm have the highest levels of knowledge, skills, experience and practice.
Fishers is accredited by the Law Society Quality Conveyancing Scheme, offering reassurance to our clients that we are provide the best possible service for residential property transactions.
The Conveyancing Quality Scheme is officially recognised by the Legal Ombudsman, Council of Mortgage Lenders (CML), Building Societies Association (BSA) and Association of British Insurers (ASI).
Where to find Fishers Conveyancing Solicitors
Fishers property conveyancing team works out of our offices in Ashby de la Zouch and Tamworth, offering conveyancing services not only across the East Midlands but nationwide.
Fishers conveyancing solicitors in Ashby de la Zouch are based in Kilwardby Street in the town centre.
Fishers conveyancing solicitors in Tamworth are based at Pacific House, Relay Point at the Junction of the A42 and A5.