Residential Conveyancing

Your home is probably your most expensive asset and whatever the prevailing economic climate, planning a move is a stressful event. Our friendly and efficient team of residential conveyancers will ensure your transaction runs smoothly and quickly.

One of our greatest strengths is our local knowledge; between them, our conveyancing team not only know the area and the market intimately but are also well experienced in investigating particular Cornish property issues such as the mining legacy, flood risks and mooring rights.

We can help with all legal aspects of buying and selling your home. Our longstanding relationships with local estate agents, valuers and surveyors enable us to speed the process along efficiently. Using the latest conveyancing software, we can record, track and manage every stage of your transaction – quickly identifying and dealing with any potential problems.

Your case will, as far as possible, be handled by one person from start to finish who will be available by direct telephone line, fax or email to discuss progress.

We provide a complete conveyancing service and will, of course, provide you with a detailed written estimate of the legal fees and disbursements that will relate to your transaction within the Client Engagement Letter and in our Terms & Conditions of Business at the outset of the transaction. Whilst all legal fees are in part dependent on the complexity of the transaction we now provide an outline of the minimum legal fees and disbursements that we will charge:

Sale

Sale price                                             Legal fee (ex VAT)

Up to £200,000                                  £750 to £775

£200,001 to £300,000                       £775 to £795

£300,001 to £400,000                       £795 to £850

£400,001 to £550,000                       £850 to £950

£550,001 to £700,000                       £950 to £1,250

Over £700,000                                  Fees on request

 

Purchase

Purchase price                                  Legal fee (ex VAT)

Up to £200,000                                  £750 to £775

£200,001 to £300,000                       £775 to £795

£300,001 to £400,000                       £795 to £850

£400,001 to £550,000                       £850 to £950

£550,001 to £700,000                       £950 to £1,250

Over £700,000                                  Fees on request

If you proceed with the assistance of mortgage finance to be secured against this property and we are subsequently instructed to act for your mortgage company,  there will be an additional fee of £200.00 plus VAT, for each mortgage or loan (including Help to Buy loans), due to the extra amount of work that will be involved.

Leasehold – if the transaction involves leasehold title we will charge an additional legal fee of £350 plus VAT in light of the extra amount of time that will need to be spent on the transaction.

Remortgage or mortgage transactions – if the transaction is a remortgage only with no transfer of the title then the minimum legal fee will be £650 plus VAT plus conveyancing search fees if these are required by the mortgage company.

The total charges will include specific costs and payments, other than for time spent.

We reserve the right to charge extra for drafting and preparing additional items which may only become apparent as the transaction progresses, such as: Declaration of Trust, Deed of Covenant, Statutory Declaration, Statement of Truth, organising Indemnity Insurance quotations and policies with third party indemnity insurance providers. The approximate additional legal fees for attending to each of these matters would be £150 plus VAT for each document or policy.

Unavoidable disbursements –  you will have to reimburse the firm for these payments made on your behalf. These may include (and are subject to vary especially if additional searches need to be commissioned such as a china clay mining search in addition to a metalliferous mining search, as well as the fact that this is not an exhaustive list):

a) HM Land Registry FR1/AP1 application fee

£20.00 – £910 (this will depend on the purchase price, whether or not the title is registered or unregistered and whether or not scale 1 or scale 2 of the HM Land Registry fees apply but is likely to be between £20 to £910)

b) Full Council Local Authority search fee (ex VAT)

£193.00 (this will depend on the individual local authority and county in which the property is located but is likely to be at least £193.00)

c) HMRC Stamp Duty Land Tax (SDLT)

You will need to advise us which SDLT rate will be applicable to you and what the exact amount of SDLT liability will be relating to your purchase. This will depend on your own individual circumstances including whether or not any reliefs apply, such as multiple dwellings relief, first time buyers relief and for example whether or not your purchase is a linked transaction. We we do not provide tax advice. You may wish to liaise directly with HM Revenue & Customs and your accountant or tax adviser as well regarding this before you confirm the information to us. You can calculate the amount SDLT that will be payable by visiting HMRC’s website.

d) Lloyds Bank & Hine Downing Administration CHAPS Telegraphic Transfer fees (ex VAT)

amount to £12.50 Bank CHAPS fee plus £16.00 Hine Downing administration fee making a total of £28.50 plus VAT for each CHAPS transfer

e) Metalliferous Mining Activity search fee (ex VAT)                      £46.90

f) Water and Drainage search fee (ex VAT)                                       £49.65

g) Property Search Group administration charge (ex VAT)           £29.99

h) Homecheck Pro Environmental Report (ex VAT)                       £51.00

i) Chancel Check search fee (ex VAT)                                                 £20.00

j) Property Search Group copy production fee (ex VAT)                £10.50

k) SDLT.co.uk Electronic Submission Fee (ex VAT)                       £7.00

l) HM Land Charges search fees                                                          £2.00 per name

m) Anti-money laundering search fee each (ex VAT)                     £5.00

n) HM Land Registry index map search fee (if required)              £5.00

o) HM Land Registry office copy entries (if required)                   £3.00 for title plan plus                        £3.00 for each document

p) Flood Report fee (ex VAT)                                                              £25.00

q) HM Land Registry OS1/2 fees                                                       £3.00 per title

The standard rate of VAT is currently 20%.

 

Lawsoc logo

On the 19th July 2011, Hine Downing was accredited under the new Law Society Conveyancing Quality Scheme (CQS).  We were the seventh firm in Cornwall to be accredited.

CQS is designed to provide clients with reassurance about their solicitor’s integrity, practice standards and professionalism.  Complying with CQS will help Hine Downing provide a more effective service for our clients.

Peter Stonehouse

Partner and Head of Residential

Peter is a highly-skilled solicitor with a detailed understanding of the local residential property market and a broad experience in handling transactions of all sizes.

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Louise Eslick

Chartered Legal Executive

Louise is a Fellow of the Chartered Institute of Legal Executives (FILEX) and brings to the Conveyancing team a 30-year-strong track record in residential legal work across Cornwall.

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Donna Dickinson

Conveyancing Executive

Donna has been supporting Hine Downing’s Conveyancing team for fifteen years and has trained and worked her way through from legal secretary to Paralegal to Conveyancing Executive

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Karen Wright

Solicitor

Karen joined Hine Downing in 2016 and is a Solicitor in our Residential Department. She has a wealth of experience and deals with all aspects of residential property transactions.

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Jenna Roe

Solicitor

Jenna joined Hine Downing in 2017 and deals with all aspects of Residential and Commercial property transactions.

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Kim Wadham-Smith

Solicitor

Kim specialises in residential property transactions. She advises on a range of issues including property sales, purchases, re-mortgaging and property advice in connection with the administration of estates or matrimonial proceedings.

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