The cost and the services we can provide to a legal practice for purchase of registered only residential property transaction are as follows:
For the purchase of a property
- Review contract pack and raise initial enquiries
- For a Freehold property £30.00
- For a Leasehold Property £40.00
- Review Searches (Local Authority Search, Environmental Search, Water and Drainage Search and Chancel Search) raise enquiries on them and prepare a search report for firm £30.00 Any other search report for extra £10.00
- In respect of Leasehold property to prepare a lease report for the firm by thoroughly reviewing the Ground rent provision (to make sure they comply with the threshold as prescribed by law, insurance provision, repairing covenants, ensuring there are enforcement covenants etc) £30.00.
- In respect of the Leasehold property to review and raise enquiries on the LPE1/management pack. Prepare management pack report for the firm which would provide details of the Ground Rent, Service Charge, Major Works, Notice fees, Licence to assign, deed of covenant etc., £30.00
- In respect of the freehold property to review and raise enquiries on the freehold management pack. Prepare management pack report for the firm which would provide details of the, Service Charge, Major Works, Notice fees, deed of covenant etc., £30.00
- In respect of the freehold property preparing a thorough report for the property in order for the clients to make informed decision to purchase the property £30.00
- In respect of the leasehold property preparing a thorough report for the property in order for the client to make informed decision to purchase the property £40.00
- Prepare Mortgage Reports £20.00
- We would also provide a comprehensive auction report to enable the client of the firm to make informed decision before committing to purchase the property £75.00 (this will only include reviewing the title and searches and reporting to the firm)
Full Package which includes all the above except i above
For a registered freehold: £100.00
For a registered leasehold: £120.00
Discount on volume available. Email us for further details.