Residential Property

Newman & Bond is a longstanding traditional firm of solicitors providing a high quality, personal  service carried out by our experienced staff at competitive rates.  We are proud to receive personal and professional recommendations for our services,  in addition to long standing clients, some of whom have been represented by Newman & Bond for generations.

Our Approach

Upon receipt of your instructions we allocate a specific solicitor and their small team to work on your sale or purchase.   You will be provided with direct points of contact for the team and all will be available throughout the transaction to assist as and when required.

We will avoid multiple staff working on your transaction with the view that each member of your small team will be up to date on your matter.

Our aim is that if you are concerned about completing any legal paperwork, have a query or are just looking for an update,  then one of your points of contact will be available and happy to help or can take a message to ensure your call or query is answered. All team members can be contacted by phone or email and (upon arrangement of appointment) to meet with you in person.

Your team members are there to help and to ensure your transaction runs as smoothly as possible.

We are a CQS accredited firm and Jill Leece, a Partner in the firm since 1992, has overall supervision of our residential property team.

For a guide to our conveyancing fees please see the sections below which show the usual conveyancing costs, vat, disbursements (costs relating to your matter which are payable to third parties) and land registration fees. 

Are you Purchasing a property?

Click here for our Buying a Property information leaflet.

The table below is a general guide based on a straight forward residential property purchase with  2 clients  purchasing a registered freehold property with the assistance of a mortgage in the Barnsley area:

Freehold Property Purchase Price

Costs

VAT

Other

Total

Up to 80000

525.00

105.00

236.76

866.76

80,001 to 100,000

525.00

105.00

256.76

886.76

100,001 to 125,000

550.00

110.00

311.76

971.76

125,001 to 150,000

600.00

120.00

311.76

1031.76

150,001 to 200,000

625.00

125.00

311.76

1061.76

200,001 to 250,000

650.00

130.00

351.76

1131.76

250,001 to 300,000

675.00

135.00

351.76

1161.76

300,001 to 350,000

725.00

145.00

351.76

1221.76

350,001 to 400,000

775.00

155.00

351.76

1281.76

400,001 to 500,000

850.00

170.00

351.76

1371.76

The “other” column contains disbursements usually required for a purchase which are detailed below. Please note searches change depending on the area the property is in, we are using a property located in Barnsley within our guide.

When buying a property in the Barnsley area the following searches are generally recommended for cash buyers but are required by any lender.   There are also Land Registry fees incurred, these are generally collectively known as disbursements:

Local Authority search payable to BMBC -                               £90.80
Drainage & Water search payable to Yorkshire Water-      £47.76
Mining Search payable to the Coal Authority -                      £41.20
Bankruptcy search payable to HM Land Registry -                 £2.00 per person
Priority search payable to HM Land Registry-                          £3.00 per search
Total                                                                                                      £184.76
Registration fee payable to HM Land Registry– depends on the price of the property

Purchase money is sent to the seller’s solicitors by electronic transfer, this incurs an administration fee of £30.00 including VAT.   

Our fees cover 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.  

The fees do not include any Stamp Duty or Land Tax that may be payable.  

You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website here https://beta.gov.wales/land-transaction-tax-calculator.  Alternatively, please contact our offices and speak to a member of our conveyancing team.

Each property transaction is different and therefore these costs could either increase or decrease dependent on circumstances.

Other factors to consider when obtaining your quote are:

*is the property freehold or leasehold (such as flats)
*is the property registered or unregistered
*is it a new build property
*are you purchasing with the assistance of a mortgage
*are you a first time buyer? If so are there any help to buy mortgages, equity mortgages or help to buy ISAs involved
*how many purchasers are there
*which local authority area is the property in

All of the above are factors which can make a change to the standard costs or disbursements shown in the table above.   Other services which incur additional costs are:

Additional work on New Build purchases
Additional work on New Build with a Help to Buy Mortgage
Arranging indemnity insurance

£100.00 plus VAT
£200.00 plus VAT
£50.00 plus VAT

Registering a restriction at the Land Registry

£50.00 plus VAT

Registering or discharging a second mortgage

£50.00 plus VAT

Preparing a Stamp Duty Land Tax request for repayment of higher rates on additional residential property

 

£50.00 plus VAT

Requesting your First Time Buyer ISA payment
Drafting a standard Declaration of Trust

£50.00 plus VAT
£100.00 plus VAT

Drafting a standard Statutory Declaration

£100.00 plus VAT

Drafting a standard Deed of Covenant

£100.00 plus VAT  

Examples of our fees

Freehold Residential Purchase

EXAMPLE - for 2 first time buyers purchasing a property in the Barnsley area for a price of £95,000 with the assistance of a mortgage and each with a Help to Buy ISA our fees would be £1,006.76 in total.   This fee assumes a standard transaction with no unforeseen matters arising.

EXAMPLE – for the joint purchase of a property in the Barnsley area at the price of £140,000.00 with the assistance of a mortgage our fees would be £1,031.76 in total.  Again this assumes a standard transaction with no unforeseen matters arising

All examples are NOT inclusive of the Stamp Duty Land Tax which is a separate payment to HMRC payable upon completion.  Our fees include drafting the Stamp Duty Land Tax return.

Declaration of Trust

If you are purchasing a property and are contributing different amounts towards the deposit or purchase price generally you may wish to put in place a Declaration of Trust. This document can be drafted to confirm the equity (share of the property) each purchaser will own upon completion and can also make provisions for how the proceeds of sale are to be split when/if you come to sell the property in the future if it is not to be a straight forward split between the owners.

EXAMPLE – for the purchase of a property in the Barnsley area at the price of £145,000.00 requiring a mortgage and a Declaration of Trust our fees would be £1,149.76

We provide advice on joint ownership on all purchases.  

For a personal quote, tailored to your requirements with a full breakdown of costs please contact Joanne Goodfellow on 01226 213434 or email  joannegoodfellow@newmanandbond.co.uk. Joanne can also assist you with Stamp Duty Land Tax fees or alternatively you can use the online calculator at:   https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website here https://beta.gov.wales/land-transaction-tax-calculator.

Moving can be a stressful time for all involved.  Therefore if you are unsure of where to start or you answer yes to any of the above factors then please don't hesitate to contact us, we are here to help!!

Are you selling a property? 

Click here for our Selling a Property information leaflet.

If there is a mortgage to redeem then this will be paid by electronic transfer.   We charge an administration fee of £30.00 including VAT for this.   

Sale Price (Freehold)

Costs

VAT

Office Copy Entries – payable to the Land Registry

Total

Total with electronic transfer fee

Up to 150,000

525.00

105.00

6.00

636.00

666.00

150,001 – 200,000

550.00

110.00

6.00

666.00

696.00

200,001 – 250,000

600.00

120.00

6.00

726.00

756.00

250,001 – 300,000

650.00

130.00

6.00

786.00

816.00

300,001 – 350,000

700.00

140.00

6.00

846.00

876.00

350,001 – 400,000

750.00

150.00

6.00

906.00

936.00

400,001 – 500,000

800.00

160.00

6.00

966.00

996.00

 

Please note that the above table is a guide based on a straight forward sale of a registered freehold property.   However, like a purchase, there are other factors to consider when obtaining your sale quotation such as: 

*is the property registered or unregistered
*is the property freehold or leasehold (such as a flat)
*is there a mortgage or charge on the property to be discharged
*are you selling through an estate agent
*have there been any works undertaken at the property and if so do you hold the correct and relevant documentation. 

All of the above are factors which can make a change to the standard costs or disbursements shown in the table above.  Other services which incur additional costs are:

 

 

Arranging indemnity insurance

£50.00 plus VAT

Removing a restriction from the Land Registry

£50.00 plus VAT

Registering or discharging a second mortgage

£50.00 plus VAT

Preparing a Stamp Duty Land Tax request for repayment of higher rates on additional residential property

 

£50.00 plus VAT

Drafting a Statutory Declaration

£100.00 plus VAT

Drafting a Deed of Covenant

£100.00 plus VAT

Ordering an Energy Performance Certificate (EPC)

£25.00 plus VAT

If you do not instruct an Estate Agent to act in your sale and we are asked to order an Energy Performance Certificate for you then, in addition to our fee of £25.00 plus VAT, there will be a fee of £54.00 payable to the company providing the EPC.  

For a more personal quote, tailored to your requirements and a full breakdown of the same please contact Joanne Goodfellow on 01226 213434 or email joannegoodfellow@newmanandbond.co.uk.

Moving can be a stressful time for all involved therefore if you are unsure of where to start or you answer yes to any of the above factors then please don't hesitate to contact us, we are here to help!!

Example of a Freehold Residential Sale

EXAMPLE – for the sale of a property at the price of £125,000.00 where there is a mortgage to be discharged and an electronic transfer of the proceeds of sale to you,  our fees would be £696.00 in total.  This fee is based on a standard transaction where no unforeseen issues have arisen.

When you buy and sell a leasehold property such as a flat there will be additional fees payable to the Landlord and/or Management Agents and Companies.

For example these fees can be in relation to notices to the Landlord, management company sales packs, a deed of covenant to the management company and Licences to Assign the leases. Each transaction will vary with fees to the other parties typically ranging between £100-£400 plus VAT.  If the Management Company provides a Management Pack then their fees can be in the region of £300.00 upwards.    These are not costs to Newman & Bond and are payable under the property’s lease terms. 

Sale of a Leasehold property 

Our usual costs are outlined below:

Sale Price (Leasehold)

Costs

VAT

Office Copy Entries (x2) – payable to the Land Registry

Total

Total with electronic transfer  fee

Up to 150,000

575.00

115.00

12.00

702.00

732.00

150,001 – 200,000

600.00

120.00

12.00

732.00

762.00

200,001 – 250,000

650.00

130.00

12.00

792.00

822.00

250,001 – 300,000

700.00

140.00

12.00

852.00

882.00

300,001 – 350,000

750.00

150.00

12.00

912.00

942.00

350,001 – 400,000

800.00

160.00

12.00

972.00

1002.00

400,001 – 500,000

850.00

170.00

12.00

1032.00

1062.00

If there is a mortgage to redeem then this will be paid by electronic transfer.   We charge an  administration fee of £30.00 including VAT for this.   

EXAMPLE – for the sale of a Leasehold Property at the price of £100,000.00 where there is a mortgage to be discharged our fees would be £732.00 providing this is a standard transaction with no unforeseen matters arising. 

Please note that the above table is a guide based on a straight forward sale of a registered leasehold property.   However, like a purchase, there are other factors to consider when obtaining your sale quotation such as: 

*is the property registered or unregistered
*is the property freehold or leasehold (such as a flat)
*is there a mortgage or charge on the property to be discharged
*are you selling through an estate agent
*have there been any works undertaken at the property and if so do you hold the correct and relevant documentation. 

All of the above are factors which can make a change to the standard costs or disbursements shown in the table above.  Other services which incur additional costs are:

 

 

Arranging indemnity insurance

£50.00 plus VAT

Removing a restriction from the Land Registry

£50.00 plus VAT

Registering or discharging a second mortgage

£50.00 plus VAT

Preparing a Stamp Duty Land Tax request for repayment of higher rates on additional residential property

 

£50.00 plus VAT

Drafting a standard Statutory Declaration

£100.00 plus VAT

Drafting a standard Deed of Covenant

£100.00 plus VAT

Ordering an Energy Performance Certificate (EPC)

£25.00 plus VAT

If you do not instruct an Estate Agent to act in your sale and we are asked to order an Energy Performance Certificate for you then, in addition to our fee of £25.00 plus VAT, there will be a fee of £54.00 payable to the company providing the EPC.    (end of sub-section)

Purchase of a Leasehold Property  

When buying a property in the Barnsley area the following searches are generally recommended for cash buyers but are required by any lender.   There are also Land Registry fees incurred, these are generally collectively referred to as disbursements:

Local Authority search payable to BMBC -                               £90.80
Drainage & Water search payable to Yorkshire Water-      £47.76
Mining Search payable to the Coal Authority -                      £41.20
Bankruptcy search payable to HM Land Registry -                 £2.00 per person
Priority search payable to HM Land Registry-                          £3.00 per search
Total                                                                                                      £184.76
Registration fee payable to HM Land Registry– depends on the price of the property

Purchase money is sent to the seller’s solicitors by electronic transfer, this incurs an administration fee of £30.00 including VAT.   

The above are including in the column called other.

Leasehold Property Purchase Price

Costs

VAT

Other

Total

Up to 80000

625.00

125.00

236.76

986.76

80,001 to 100,000

625.00

125.00

256.76

1006.76

100,001 to 125,000

650.00

130.00

311.76

1091.76

125,001 to 150,000

700.00

140.00

311.76

1151.76

150,001 to 200,000

725.00

145.00

311.76

1181.76

200,001 to 250,000

750.00

150.00

351.76

1251.76

250,001 to 300,000

775.00

155.00

351.76

1281.76

300,001 to 350,000

825.00

165.00

351.76

1341.76

350,001 to 400,000

875.00

175.00

351.76

1281.76

400,001 to 500,000

950.00

190.00

351.76

1491.76

EXAMPLE – for the cash purchase (no mortgage) of a Leasehold Property at the price of £120,000.00 our fees would be £1,087.76 in total providing this is standard transaction with no unforeseen matters arising.

The above table is a general guide based on a straight forward residential property purchase with  2 clients  purchasing a registered leasehold property with the assistance of a mortgage in the Barnsley area.   

Our fees cover 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.   The fees do not include any Stamp Duty or Land Tax that may be payable.  

You can calculate the amount you will need to pay by using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website here https://beta.gov.wales/land-transaction-tax-calculator.  Alternatively, please contact our offices and speak to a member of our conveyancing team.

Each property transaction is different and therefore these costs could either increase or decrease dependent on circumstances.

Other factors to consider when obtaining your quote are:
*is the property freehold or leasehold (such as flats)
*is the property registered or unregistered
*is it a new build property
*are you purchasing with the assistance of a mortgage
*are you a first time buyer? If so are there any help to buy mortgages, equity mortgages or help to buy ISAs involved
*how many purchasers are there
*what local authority area is the property in

All of the above are factors which can make a change to the standard costs or disbursements shown in the table above.   Other services which incur additional costs are:

Arranging indemnity insurance

£50.00 plus VAT

Registering a restriction at the Land Registry

£50.00 plus VAT

Registering or discharging a second mortgage

£50.00 plus VAT

Preparing a Stamp Duty Land Tax request for repayment of higher rates on additional residential property

 

£50.00 plus VAT

Requesting your First Time Buyer ISA payment
Drafting a standard Declaration of Trust

£50.00 plus VAT
£100.00 plus VAT

Drafting a standard Statutory Declaration

£100.00 plus VAT

Drafting a standard Deed of Covenant

£100.00 plus VAT  

If you buy a leasehold property you will pay rent and service charges throughout your ownership. These sums vary from property to property.

For a personal quote, tailored to your requirements with a full breakdown of costs please contact Joanne Goodfellow on 01226 213434 or email joannegoodfellow@newmanandbond.co.uk. Joanne can also assist you with Stamp Duty Land Tax fees or alternatively you can use the online calculator at:   https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using the Welsh Revenue Authority’s website here https://beta.gov.wales/land-transaction-tax-calculator.

Moving can be a stressful time for all involved.  Therefore if you are unsure of where to start or you answer yes to any of the above factors then please don't hesitate to contact us, we are here to help!!

The costs for a re-mortgage would start in the region of £483.00.  This fee can vary due to the Land Registry registration fee which would be dependent on the value.  Also please note that if you are switching from your current Mortgage Lender to a new Lender then further searches are required to comply with the requirements of a new Lender.  See examples below:-

EXAMPLE – for a re-mortgage at the value of £70,000.00 where you will be using your current Lender our fees would be £483.00 in total.

EXAMPLE – for a re-mortgage at the value of £70,000.00 where you will be switching Mortgage Lender’s our fees would be £615.00.

EXAMPLE – for re-mortgage at the value of £122,000.00 where you will be using your current Lender our fees would be £558.00

A standard sale and purchase transaction typically takes around 7-8 weeks.  However, it can be quicker or slower, depending on the number of parties in the chain.   If unforeseen issues arise or there are delays in obtaining answers to queries or receiving important documents,  then this timescale can overrun.  On the other hand if matters are straightforward with few queries being raised then they can at times complete sooner than this timescale.  

If you are purchasing a new build property then the timescales will depend upon when the property is due to be build complete.  

If you are buying a leasehold property then it can take around  8- 10 Weeks.   If it requires an extension of lease, this can take significantly longer. 

Jill Leece –  After graduating from the University of Sheffield, Jill qualified as a Solicitor in 1979.  Jill joined Newman & Bond in 1989, becoming a partner in 1992.

Jill specialises in all aspects of commercial and residential conveyancing including property development, business lease and transactions involving agricultural land and charity land.

Adam Leece – Adam joined the firm in 2010 as a Trainee Solicitor, qualifying in 2012.  Since qualifying as a solicitor he has retained a varied workload focusing increasingly on property transactions during the last 4 years.     Adam takes instructions on a range of transactions including both residential and commercial sales and purchases, leases and business sales and purchases.  

Joanne Goodfellow – Joanne joined the firm in March 2005 and became a permanent fixture of the conveyancing department that same year.   She has the knowledge to guide you through the running of the conveyancing process from the initial taking of your instructions, right through to post completion. She can help you with any queries you may have relating to Help to Buy ISAs.   Joanne deals with the majority of the residential conveyancing quotes. 

Anne Simcox – Anne has been a member of our conveyancing team since joining the firm in 2000.  Anne is available to take messages and help with queries.    Anne also helps with giving residential conveyancing quotes. 

Fiona Straw – Fiona has been part of our conveyancing department since joining Newman & Bond as an Office Junior in 1987.    Fiona works mainly in the commercial property side of the conveyancing department but does cover in the residential property side when required.       

Leanne Bridgewater - Leanne joined Newman & Bond in 2005 and moved to our expanding conveyancing department in November 2018.   Leanne also helps with giving residential conveyancing quotes. 

Kate Ward - Kate joined Newman & Bond In January 2019 as an Associate Solicitor. Kate qualified as a solicitor in September 2008 and has over 10 years’ experience in all aspects of residential property. She has also dealt with land sales and purchases and adverse possession.