Lynn Murray & Co – Residential Conveyancing Fees

Residential Conveyancing – Pricing Information

Our experience makes the difference …
At Lynn Murray & Co. we aim to give clear costings right at the start of your journey to your new home. Our friendly, efficient and professional conveyancing team will be there holding your hand every step of the way. That’s why we’re named as the highest rated solicitor in the UK by the leading professionals review site VouchedFor.

Sale Fees:
Up to £300,000.00              £950.00 plus VAT
Up to £600,000.00              £1,050.00 plus VAT
Up to £1m                             £1,250.00 plus VAT
Over £1m                              £1,500.00 plus VAT
Over £1.5m                           £2,000.00 plus VAT
Over £2m                              £2,500.00 plus VAT

Purchase Fees:
Up to £300,000.00              £950.00 plus VAT
Up to £650,000.00              £1,250.00 plus VAT
Up to £1m                            £1,500.00 plus VAT
Over £1m                              0.15% plus VAT

Remortgages:                       £500.00 plus VAT
Remortgages & Transfer     £650.00 plus VAT
Transfer of Title                    £350.00 plus VAT

Extra/Additional Fees:
Leasehold Properties           £125.00 plus VAT Additional Fee
Extra Shared Ownership     £500.00 plus VAT Additional Fee
Extra Help to Buy                 £500.00 plus VAT Additional Fee

Further Fees:
All fees are plus a £25.00 Bank Transfer Fee and plus a £50.00 Land Registry Filing Fee.

In some cases it may be necessary to obtain copies of documents from the Land Registry, other than the usual copies of the title. The Land Registry charges for copies on a size basis and in those cases where we need to obtain copies of other documents we reserve the right to charge an additional figure for these.

If the property is leasehold you may have to pay Managing Agents’ fees to obtain a sellers’ pack which you are required to supply to your new purchasers. We will advise you of these fees in due course.

If the work is not completed, we will charge you a fee for our abortive work.

We will inform you if any unforeseen extra work becomes necessary – for example, due to unexpected difficulties or if your requirements or the circumstances change significantly during the matter. We will also inform you in writing of the estimated cost of the extra work before incurring extra costs. We will attempt to agree an amended charge with you. If we cannot reach agreement, we will do no further work and charge you on an abortive basis.

We would also ask you to note that the conveyancing process can take many months to complete. We will keep you updated throughout the transaction with progress as and when appropriate.

You will be required to provide us with clear, timely and accurate instructions and supply us with all documentation necessary to complete the transaction in a timely manner.

Bills:
We will send you a bill for our charges and expenses in good time for payment by completion

Payment of the bill is due on or before completion and we will usually deduct this from the sale proceeds. We would however ask you to note that if completion is delayed beyond three months from the date of exchange, we will submit an interim invoice for settlement after exchange of contracts. If the matter is abortive payment is due within 28 days of the date of the bill and we will charge interest on it at 10% per year on a daily basis from the date on which payment of our bill is due.

If you have any query about the bill, you should contact us straightaway.

You have the right to object to the bill and apply for assessment of the bill under Part III of the Solicitors Act 1974.

Financial arrangements:
Our practice’s policy is to only accept cash up to £500. If you try to avoid this policy by depositing cash directly with our bank, we may decide to charge you for any additional checks we decide are necessary to prove the source of the funds.

We accept CHAPS and BACS payments to our client account (details set out below), but should be most grateful if you could notify the fee earner of the method and amount sent. We apologise, but we do not have the facilities to take debit card or credit card payments.

Any monies that we receive from you will be placed either in a general client account, or a designated client account with our bank, which is currently Lloyds Bank and as such will be fully protected.

Where we have to pay money to you, it will be paid by cheque or bank transfer. It will not be paid in cash or to a third party.

Would you please note that we will only use the above account and the account details that you have given to us for the transfer of funds (in or out) and will not under any circumstances provide, confirm or accept any change in, or re-advice of, these account details unless, in the case of a change in your account details, we have you in person for this purpose, or where we have satisfied our own security requirements. We will not change our own bank account.

Financial services:
The Law Society of England and Wales is designated professional body for the purposes of the Financial Services and Markets Act 2000. The Solicitors Regulation Authority is the independent regulatory arm of the Law Society. The Legal Complaints Service is the independent complaints-handling arm of the Law Society. If you are unhappy with any investment advice you receive from us, you should raise your concerns with either of these bodies.

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