Residential Property

At Kingswalk Law we have experience of acting for developers, buyers or sellers.

Kingswalk Law provides a hands on approach and work closely with you. We take time to get to understand what drives you and what is important to you.

Kingswalk Law can advise on the following:

Conveyancing process
Surveys and searches
Investor/portfolio purchases and sales
Plot/development purchases and sales
Contracts and deeds
Transfer of equity/deed of gift
Voluntary registration of ownership
Declarations of Trust
Development and construction
Easements, covenants and third-party rights
Leases and landlord and tenant
Leasehold enfranchisement
Mortgages / Remortgages
Buy-to-let

Timescales:

a residential sale can generally be completed within eight to ten weeks, if there is no chain. This includes the following stages: 1. review title to the Property to establish what needs to be disclosed to the Buyer’s solicitor or any issues that may arise; 2. supply to you Property Enquiries, which will need to be completed and approved prior to sending to the Buyer’s solicitor; 3. draft, negotiate and agree the terms of the agreement for sale and transfer; 4. obtain from your bank/lender how much is required to redeem any mortgage; 5. deal with enquiries made by the Buyer’s solicitors by obtaining information from the title deeds, any relevant documents, third parties and yourself; 6. clarify the terms of the agreement for sale to you and obtain your signature to the agreement; 7. supply a provisional completion statement to you; 8. exchange the sale agreement with the Buyer’s solicitor; 9. if any conditions need to be satisfied, liaise with you and the Buyer’s solicitor; 10. arrange for the transfer of any additional money and sale costs to be sent to us; 11. arrange for the transfer to be signed and complete the legal transfer from you to the Buyer; 12. discharge any charges against the Property; 13. remove any redundant entries from the Land Registry (if any); and 14. send you the balance of the proceeds of sale (if any) and a final completion statement.
a residential purchase can generally be completed within twelve to fourteen weeks, if there is no chain. This includes: a) investigating the title to the property, to include: (i) carrying out searches with respect to title and local government information for the property; (ii) reviewing replies given by the seller to pre-contract enquiries; (b) negotiating a purchase contract; (c) negotiating a transfer document; (d) advising you in respect of your mortgage offer; (e) preparing a report on title; (f) proceeding to exchange of contracts and then completion of the purchase; (g) transferring funds by telegraphic transfer to the Seller’s solicitors and for relevant taxes;(h) calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and (i) registering the purchase and the mortgage at the Land Registry.
a remortgage usually takes around six to ten weeks to complete. This includes the following stages: (a) reviewing the terms of your mortgage offer and reporting to you; (b) obtaining a redemption figure in relation to your existing mortgage; (c) reviewing the title and submitting a certificate of title to your new lender; (d) repaying your existing mortgage and removing their legal charge against the Property; and (e) registering the new mortgage against your Property at Land Registry; and
a transfer of equity usually takes around four to six weeks. This includes the following stages: draft, negotiate and agree the terms of the transfer; obtain from your bank/lender how much is required to redeem any mortgage; supply a provisional completion statement to you; arrange for the transfer of any additional money and sale costs to be sent to us; arrange for the transfer to be signed and complete the legal transfer from you to the Buyer; discharge any charges against the Property; remove any redundant entries from the Land Registry (if any); send you the balance of the proceeds of sale (if any) and a final completion statement; and register the Property in the new owners’ names at Land Registry.

Our fees:

residential Sale start from £395+VAT;
residential Purchase start from £475+VAT;
remortgage start from £200+VAT; and
transfer of equity start from £175+VAT.

Usual disbursements can found on our quote tool below. For example search fees - when buying a property - are approximately £262.58 (inclusive of VAT).

We pride ourselves on transparency. Your matter shall be dealt with by our conveyancing assistant, Gail Howe, who has over 30 years of experience in conveyancing, and our trainee solicitor Alex Stephenson who has been employed by Kingswalk Law since February 2020. Your matter will be supervised by Emma Pringle, Partner, and Henry Cave, Partner. Please do not hesitate to contact us, should you have any queries in relation to the above.

Note: VAT is charged at 20%.

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