Our London Fees
This service is offered by Gilson Gray (England) Limited which is a separate Law Firm from Gilson Gray LLP. Gilson Gray (England) Limited is an SRA regulated Law Firm, registration number 620418.
Residential Property
We take great care to provide legal advice of the highest standard on your property matter whilst simplifying the procedures and removing the stresses involved in buying, selling or remortgaging your home. We work closely with other property professionals to ensure that you are kept fully informed throughout each step of the transaction.
- Sales and purchases
- Freehold and leasehold
- Buy to let
- Shared ownership
- Mortgages and remortgages
- Buying and selling at auction
- Transfers of equity
Mortgage lenders:
We enjoy comprehensive membership of lenders’ conveyancing panels. This means we can act for you and your lender to simplify the process and keep costs down.
Lease extensions:
Where a person has owned a leasehold property for at least two years, the law affords that person the right to extend their lease. The cost of extending the lease is laid down by legislation designed to protect property owners from unscrupulous landlords. This may be of interest when offering a property for sale, as a lease extension may increase the property’s marketability and value. We provide expert legal advice in relation to lease extensions.
Our promise to you:
- No fee for dealing with Stamp Duty Land Tax
- No additional fees for leasehold properties
- No inflated banking fees
- No contributions towards insurance, postage, telephones, etc
- No other hidden fees
Pricing
It pays to shop around but make sure the quotes include fees, VAT and disbursements (expenses paid on your behalf) so that you can truly compare like for like. You should also check that a qualified legal professional will be representing you.
Our pricing is tailored to meet your needs. Please request a quote so that we may prepare a detailed personal illustration based on your requirements.
Example pricing
| Approx. | ||
|---|---|---|
| Sales | £1,745 to £2,245 | |
| Purchases | £1,745 to £2,745 | |
| Re-mortgages | £995 | |
| Transfers of equity | £995 | |
| Acting for mortgage lenders | £245 | |
| Dealing with gifted deposits (per gift) | £195 | |
All pricing is estimated and excludes VAT at 20% and disbursements. Please contact us to discuss your requirements. We will then be able to prepare a detailed quotation.
For purchases, disbursements include search and Land Registry fees. Some costs vary according to the purchase price of a property. On average these amount to around £600. Stamp Duty Land Tax is payable at a variable rate, which also depends on the purchase price of the property and your own personal circumstances.
For most other transactions, Land Registry documents and bank transfer fees, on average, amount to approximately £40.
These figures are purely for illustration based on recent instructions. Actual pricing will differ and depends on your needs. Please contact us to discuss your requirements so that we may prepare a detailed quotation.
Your quotation will include an itemised breakdown of all anticipated costs. Our quotations are as close to the final price as possible. Please note that our fees are not intended to be fixed but are unlikely to change unless unforeseen work is required.
Key stages
- Initial instructions: we gather information about your requirements to help us plan. We must also comply with all legal formalities and you will be asked to provide identification.
- Legal process: this involves a thorough inspection of the legal documents, liaison with the other person’s conveyancer and any mortgage lender. If buying a property, we will prepare a detailed report containing all the information you need to proceed with your purchase.
- Exchange of contracts: the completion date is agreed and everybody is legally required to proceed. Buyers are usually required to pay a deposit of 10% of the purchase price but this can be less by agreement.
- Completion: this is when the property changes hands. Buyers are required to pay all remaining sums at this time.
The timescale for a straightforward sale or purchase of a property would usually be, on average, approximately six weeks but this is purely an estimate.
Gilson Gray (England) Limited is regulated and authorised by the Solicitors Regulatory Authority (“SRA”). Its SRA number is 620418.