Property Department

The Property Department covers a wide range of areas which include the following:

  • Commercial Property
  • Residential Property

Residential Conveyancing:

Sales & Purchases, Re-Mortgages Transfers of Equity, Buy to Let, Deeds of Gift, Sales of Part, Lease Extensions, Deeds of Variation, Shared Ownership, Assignment of Leases, Purchase of New Build Properties

Residential Conveyancing Fees:

Coldham Shield and Mace Solicitors LLP residential conveyancing department are experienced in conducting all matters of Conveyancing transactions and have been serving our clients with their property needs for over three decades.  The firm is regulated by the Solicitors regulation Authority and the qualified solicitors who carry out the work are member of the Law  Society Conveyancing Quality Scheme.  This involves taking yearly courses and assessments to ensure the staff are up to date with current trends and procedures.

We have two members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Jan Kayani,  Senior Partner and Head of Property.

Jan Kayani - Senior Partner:

Jan  is the head of our team and has more than 20 years  specialising in all property matters including commercial and Landlord and Tenant. Jan has been working in this area since he qualified and has helped thousands of families and individuals.

Jan qualified as a solicitor in 2001 but has been working at the practice since 1991.

His direct email is jkayani@csmlaw.co.uk.

Rachel Finan - Consultant:

Rachel  qualified as a solicitor in 2008.

She has been working in the practice since she qualified and was a partner of the practice until she recently retired from that role but has come back to work part-time as consultant in the department

Her direct email is rfinan@csmlaw.co.uk.

Purchases:

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancer's fees and disbursements:

  • Legal fee (Please see our scales ) on sheet below
  • Search fees these range between £300.00 - £600.00 depending on locality.  The searches include the Local Authority search, Environmental search, Drainage and Chancel search .  In addition further searches such as Coal Mining and Flood searches may be necessary depending on the property location
  • HM Land Registry fee This again depends on the price of the property but is set according to the HM Land Registry scale fees as published on their website.
  • Electronic money transfer fee £30.00
  • Anti Money Laundering fees presently £7.20 per person

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-10 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 7 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2-3  months. In such, a situation additional charges would apply.

Stages of the process:

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Leasehold Purchase:

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

Conveyancer's fees and disbursements

  • Legal fee Please see price list
  • Fee for acting on behalf of the mortgage lender £100.00
  • Search fees £300.00 - £600.00
  • HM Land Registry fee according to scale fees published by HM Land Registry
  • Electronic money transfer fee £30.00

Disbursements:

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Anticipated Disbursements*:

  • Notice of Transfer fee - This fee if chargeable is set out in the lease. Often the fee is between £50.00 - £300.00
  • Notice of Charge fee (if the property is to be mortgaged) - This fee is set out in the lease. Often the fee is between £50.00 and £300.00.
  • Deed of Covenant fee - This fee is provided by the management company for the property and can be difficult to estimate
  • Certificate of Compliance fee - To be confirmed upon receipt of the lease, as can range between £75.00 - £250.00

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty Land Tax:

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 9 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2-3 months. In such, a situation additional charges would apply.

* Our fee assumes that:

  1. This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  2. This is the assignment of an existing lease and is not the grant of a new lease
  3. The transaction is concluded in a timely manner and no unforeseen complication arise
  4. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
  • purchase under right to buy
  • purchase at auction
  • property has been repossessed

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

  • Deal with application for registration at Land Registry

Freehold Sale:

A DESCRIPTION OF OUR WORK

A summary of the  work that we shall be doing for you as follows:-

1.Obtaining and perusing the Title Deeds and checking the title.
2.Sending a contract to the purchaser's (s') legal representatives.
3.Agreeing the Contract and answering Preliminary Enquiries raised with your assistance
4.Obtaining your signature to the Contract.
5.Exchanging Contracts on your behalf and agreeing a completion date on your behalf.
6.Agreeing the form of Transfer with the purchasers for your signature.  
7.Answering Requisitions on Title
8.Preparing completion statements and completing the matter on your behalf.
9.Accounting to you with the proceeds of sale. See below for further information.
10.Simultaneously acting for your Lender or Lenders in the redemption of the mortgage or mortgages on your property.  

Price List:

Sales

Price of Property

£

VAT @ 20%

Total

Freehold

Up to £250,000.00

1,090.00

218.00

1,188.00

 

£250,000.01 to £350,000.00

1,250.00

230.00

1,380.00

 

£350,000.01 to £500,000.00

1,400.00

280.00

1,680.00

 

£500,000.01 to £750,000.00

1,600.00

320.00

1,920.00

 

£750,000.01 to £1,000.000.00

1,750.00

350.00

2,100.00

 

£1,000,000.01 - £2,000,000.00

2,500.00

500.00

3,000.00

 

Over £2,000,000.00

On Application

On Application

On Application

Leasehold

Up to £250,000.00

1,090.00

218.00

1,188.00

 

£250,000.01 to £350,000.00

1,250.00

250.00

1,500.00

 

£350,000.01 - £500,000.00

1,400.00

280.00

1,680.00

 

£500,000.01 to £750,000.00

1,590.00

318.00

1,908.00

 

£750,000.01 to £1,000.000.00

1,750.00

350.00

2,100.00

 

£1,000,000.01 - £2,000,000.00

2,500.00

500.00

3,000.00

 

Over £2,000,000.00

On Application

On Application

On Application

Disbursements

TT Fee

25.00

5.00

30.00

 

Office Copy Entries

6.00

N/A

6.00

 

Leasehold Only Management Pack

Approx 300.00

N/A

300.00

If the property is unregistered + £100.00

Purchases

Price of Property

£

VAT @ 20%

Total

Freehold

Up to £250,000.00

1,090.00

218.00

1,308.00

+£150 + vat

£250,000.01 to £350,000.00

1,190.00

238.00

1,428.00

if a Help to Buy

£350,000.01 to £500,000.00

1,290.00

258.00

1,428.00

ISA on any

£500,000.01 to £750,000.00

1,400.00

280.00

1,680.00

F/H or L/H

£750,000.01 to £1,000,000.00

1,650.00

330.00

1,980.00

Purchases

£1,000.000.001 - £2,000.000.00

2,500.00

500.00

3,000.00

 

Over £2,000,000.00

On Application

On Application

On Application

Leasehold

Up to £250,000.00

1,150.00

230.00

1,380.00

 

£250,000.01 to £350,000.00

1,200.00

240.00

1,440.00

 

£350,000.01 to £500,000.00

1,400.00

280.00

1,680.00

 

£500,000.01 to £750,000.00

1,590.00

318.00

1,908.00

 

£750,000.001 to £1,000,000.00

1.750.00

350.00

2,100.00

 

£1,000,000.01 to £2,000,000.00

2,500.00

500.00

3,000.00

 

Over £2,000,000.00

On Application

On Application

On Application

Disbursements

TT Fee

25.00

5.00

30.00

 

SDLT

At current rate

See Attached

 

 

Searches

Approx 600.00

Depending on Area

 

 

Land Registry fee

At Relevant Rate

See Attached

 

Auction Properties + £100.00 Mortgage + £100.00 + VAT Help to Buy Scheme + £250.00

Right to Buy

 

990.00

198.00

1,188.00

Shared Ownership

 

1,300.00

260.00

        1,560.00

 

 

 

 

 

Remortgage - £300.00 on A/c

+ Land Reg Fee on value of property + OCEs

890.00

178.00

1,068.00

Transfer of Equity & Remortgage

+ Land Reg fee on value of property + OCEs

990.00

198.00

      1,188.00

 

 

 

 

 

Transfer of Equity No Mortgage- £100 on A/c

+ Land Reg fee on value of property + OCEs

790.00

158.00

948.00

 

 

 

 

 

Transfer of Equity Subject to Existing Mortgage - £100 on A/c

+ Land Reg fee on value of property + OCEs

1,250.00

250.00

      1,500.00

1st Registration

+ Land Reg fee on value of property

990.00

198.00

      1,188.00

Assent

+ Land Reg fee on value of property + OCEs

690.00

138.00

780.00

Lease Extension

 

 

 

 

If instructed by Freeholder

+- Land Reg fee + OCEs

1150.00

230.00

1,380.00

If L/H owns share of Freehold

+ Land Reg fee + OCEs

750.00

150.00

  900.00

L/H L Ext acting for L/Holder

+ Land Reg fee + OCEs

900.00

180.00

1,080.00

Declaration of Trust

 

250.00

50.00

  300.00

Severance of Joint Tenancy

 

250.00

50.00

  300.00

New Lease

+ Land Reg fee + OCE’s

1,350.00

270.00

1,620.00

No charge is made by us for redeeming mortgages at the present time. These are the fees for our domestic conveyancing services and do not include stamp duty land tax, Land Registry fees, search fees and other disbursements, full details of which are available on request. If at any time it becomes apparent that the nature of the transactions or the amount of work involved is materially different to that originally anticipated, then we reserve the right to review these fees. Please note that we also reserve the right to make a charge for work done on a matter which does not in fact proceed to legal completion for any reason.

Commercial Department:

The Commercial department carries out most aspects of commercial property work included but not limited to drafting new commercial leases and licences to assign existing leases and development work including s106 agreements. The work is carried out by the Senior Partner of the practice Jan Kayani. His charge out rate is £280+ vat but some matters can be agreed by fixed fees subject to discussing this first with him and his team