Sale and Purchase of Houses and Flats
Moving home is recognised as one of the most stressful things we do in life. We have a team of specialist staff at our Cardiff office working with clients, their lenders and estate agents towards a quick and efficient conclusion.
We have secured accreditation with the Law Society’s Conveyancing Quality Scheme which marks the firm out as meeting high standards in the residential conveyancing process.
Buying a house for most of us is the biggest financial commitment of our lives. We will deal with all the stages involved in your sale and purchase all the way to completion when the property is actually bought and sold.
In the case of a leasehold property we will advise you of your obligations and responsibilities under the terms of the lease.
We can help you understand your obligations under any covenants or restrictions that may affect the property, as well as rights of way, boundary rights and so on.
We are the ideal partner to have alongside you whether you are buying or selling a property. Our qualified staff will provide a written estimate of costs upon request.
We are also experienced in acting for developers as to residential estate developments.
Services
- Freeholds
- Leaseholds
- Mortgages and re-mortgages
- Matrimonial transfers
- Deeds of gift
- Probate and trust conveyancing
- Estate conveyancing
The Team
.jpg)
Frances Pitt LLB (Hons)
Frances qualified in January 2009 having previously trained with Rees Wood Terry and is our residential conveyancing solicitor. She has wide experience in the residential property market. She has conducted a broad range of residential property transactions including purchases, sales, re-mortgages and a comprehensive range of other property related matters. She has also developed expertise in dealing with matters relating to lease extensions and the purchase of freehold reversions. Contact Frances Pitt
Gareth Williams LI.B (Hons)
Gareth qualified as a Solicitor in 2004 and is a Director handling property sales and purchases. Gareth has
also developed expertise in a wide range of residential estate developments. Contact Gareth Williams
Rees Wood Terry welcomed Andy to the residential property department in 2023 as a conveyancer, having previously worked at national firms specialising in residential conveyancing. He has extensive experience of dealing with both freehold and leasehold sales and purchases, re-mortgages, transfers of equity and shared ownership. Contact Andy Hillier
OUR PROCESS
PURCHASES & SALES
STAGE 1
Taking Instructions
At this stage your solicitor will establish contact with everyone involved. We collect the relevant documents and information from everyone involved to get the process started and ID for the client is obtained.
STAGE 2
Pre-Contract
This is where your solicitor does their due diligence. We perform searches on the property and raise the usual enquiries as well as reviewing the deeds and related paperwork to ensure good title to the property. If we catch anything out of the ordinary, we’ll discuss it with you and work out how to move forward. When you’re selling a property with us we respond to the new buyers queries and they perform the searches.
On checking the title we write up a contract to confirm the terms of the property transfer. Once the contract is approved it can be signed along with the transfer. We’ll then invite you to sign it and transfer us your deposit if you’re making a purchase.
STAGE 3
Exchanging Contracts
At the point where contracts are exchanged the transfer of property becomes binding. We will transfer your deposit if you’re making a purchase and agree a ‘completion date’ which is when we will transfer ownership.
STAGE 4
Completion
This is the day that the transfer is completed. Solicitors will confirm the transfer of funds due, and the keys are released from your estate agents – congratulations on your new home!
STAGE 5
Post Completion
Following completion your solicitor will set about arranging the payment of any tax due, and the registration of the transfer of property with the Land Registry.
MORTGAGES & RE-MORTGAGES
STAGE 1
Reviewing the Mortgage
When it comes to mortgages your solicitor is required to review the offer as well as the other property documents (e.g. deeds). We’ll check over your mortgage offer and make sure all the conditions are met. We may have to carry out some searches on the property at this point too to satisfy your mortgage lender.
STAGE 2
Arranging Completion
Once your lender and you are content with the offer and that conditions are being met you sign the Mortgage Deeds. Your solicitor then gets an up-to-date settlement figure for your existing mortgage and we set a date to transfer all of the funds.
STAGE 3
Completion
On the day of completion we will settle any existing mortgages and we transfer any left over money to you. Finally, we register your new mortgage at the Land Registry.
Our fees
We offer a fixed fee for this type of service which is based on the value of the property in question. The prices below are for our legal fees for the complete service which includes:
Taking your initial instructions, carrying out searches and raising enquiries, managing and exchanging contracts on your behalf, ensuring funds are transferred properly for completing the transfer of property, and registering the property in your name.
The below prices do not include VAT or disbursements.
Prices as follows for legal fees:
Property value up to
£250,000 = £800 – £950
Property value up to
£300,000 = £900 – £1,100
Property value up to
£400,000 = £950 – £1,200
Property value up to
£500,000 = £1,000 – £1,300
Property value up to
£600,000 = £1,350 – £1,550
Property value up to
£1,000,000 = £1,750 - £2,500
Includes:
Legal Fees
Disbursements:
Additional costs and disbursements will vary dependent on Local Authority and other information specific to your transaction.
Timescale:
A typical property sale will take between 8 and 12 weeks.
Payment on Completion
Prices as follows for legal fees:
Property value up to
£250,000 = £800 – £950
Property value up to
£300,000 = £900 – £1,100
Property value up to
£400,000 = £950 – £1,200
Property value up to
£500,000 = £1,000 – £1,300
Property value up to
£600,000 = £1,350 - £1,550
Property value up to
£1,000,000 = £1,750 - £2,500
Includes:
Legal Fees
Disbursements:
Additional costs and disbursements will vary dependent on Local Authority and other information specific to your transaction
Timescale:
A typical property purchase will take between 8 and 12 weeks.
Payment on Completion
£500 - £600 plus VAT
Price applies to all property value bands.
Includes:
Legal Fees
Disbursements:
Additional costs and disbursements will vary dependent on Local Authority and other information specific to your transaction
Timescale:
A typical remortgage will take between 4 and 8 weeks.
Payment on Completion
Get your Quote
To get a no obligation, exact quote contact us on the number below:
There may be additional tax due on this matter which would be separate to the estimated cost. Please visit the below links for more information:
WRA Land Transaction Tax Calculator (Properties in Wales)
HMRC Stamp Duty Tax Calculator (Properties in England)
Disbursements are costs related to third party services which we pay on your behalf. We have not included the following disbursements which are charged at the prevailing rate:
- Electronic Money Transfer Fee
- Office Copies of your title
- Search Fees
- HM Land Registry Fees
- And others dependant on the circumstances of your transaction
In certain circumstances, where the matter is unexpectedly complex, there may be additional fees payable:
- if legal title is defective or part of the property is unregistered
- if you discover building regulations or planning permission has not been obtained
- if crucial documents you have previously requested from the client have not been provided
- if there is more than one mortgage involved
