Property

We specialise in Conveyancing (which is the legal term used for buying and selling property);

Residential property; sale or purchase of flats and houses
Commercial property; sale or purchase of shops, restaurants, offices, supermarkets and off licences
Grant of a new lease
Extension of a lease
Assignment of a lease
Landlord and Tenant disputes

Our property team will be able to advise and assist you in relation to your sale, purchase or transfer of the lease.

Sevki Yuksekkaya
Solicitor
MAIL
sevki@kinas.co.uk
TEL
0208 348 8233

You would be given a written quote for the whole transaction from beginning to end which includes any expenses that needs to be paid during the process of transferring the property.

Please contact the Property team on 0208 348 8233 or info@kinas.co.uk for a quote on residential or commercial property transaction and we will be happy to answer your questions.

INTRODUCTION AND FEES

We, at Kinas Solicitors, specialize in residential conveyancing transactions and may assists you on your property purchase, sale or remortgage of a property.

Once you instruct us, a qualified solicitor will be allocated to your file and you will have their contact details including direct dial and email address. You will therefore receive a personal service and should be able to contact your allocated Solicitor via phone or email with any enquiry you may have.

We will keep you up to date at each step of the sale or purchase and ensure that any disputes, issues or problems that arise are promptly dealt with in your favor.

Our property service is competitively priced with an estimate of costs laid out upfront depending on the specific factors of your case. Such factors may include the property value, whether there is a mortgage and whether the property is freehold or leasehold.

In any event, the estimated quote we provide shall be based on the information available at the time and if any further factors arise which may change the original estimate, we shall inform you of this well in advance.

RESIDENTIAL CONVEYANCING

Residential Freehold Purchase

Property Price Band	FEE	VAT
Up to £500,000	£1,250	£250
£500,000 to £750,000	£1,500	£300
£750,000 to £999,999.00	£2000	£400
More than 1 million	0.2%

*Indicative fees do not include VAT and are subject to complexities of individual cases
* For Leasehold properties an additional £250.00

Additional Costs and Disbursements Charges (costs are approximate)

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees and we handle the payment of the disbursements on your behalf.

Legal Search Pack	£280,00-300 (estimated)
Land Registry Official Search	£3			£0.60
Land Registry Bankruptcy Search Fee	£2 (per person)			£0.40
Bank Transfer fee	£35 (per transfer)			£7
Land Registry fee (transfer of whole)
Value of the Property £0-£80 £80,001 £100,000 £100,001-£200,000 £200,001-£500,000 £500,001- £1000,0000 £1,000,001 and over	Fee (transfer of whole) (transfer of part) £20 £45 £40 £95 £100 £230 £150 £330 £295 £655 £500 £1,105
Stamp Duty filing Administration fee	£150		£30
Current Stamp Duty and Land Tax. See link to for properties in England or Land Transaction Tax for properties in Wales	https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/holding https://www.gov.wales/land-transaction-tax-calculator
Acting on behalf of lender (if there is a mortgage)	£275	£55
Storage fee	£50	£10
Anti-money Laundering fee	£11.25	£2.25

Note:

Whilst most properties are registered with the HM Land Registry, some are not. If a property is unregistered, additional work is involved which will incur a further charge.
Please note that if you are drawing funds from a Help to Buy ISA account, there will be a further charge of £200.00 plus VAT for the additional administration work involved in the
If the property being purchased is a Leasehold property, there will be an additional charge of £250.00 plus VAT for dealing with the Freeholder and perusal of the management pack.

RESIDENTIAL SALE – up to £500,000

Our Fees
Acting on the sale of your property VAT thereon	£1,250 £250


Likely Disbursements and Additional costs:
Bankruptcy search fee VAT thereon	£2.00 (per search) £0.40
Land Registry Official Copies VAT thereon	£3 (per copy) £0.60
Management Pack (Leasehold Only) Bank Transfer Fee (per transfer) VAT thereon	£200.00 – £450.00 (estimated) £35 £7
Redeeming the charge (if any) VAT thereon Professional Indemnity contribution VAT thereon Storage fee VAT thereon	£100 £20 £75 £15 £50 £10

REMORTGAGE OF PROPERTY

Sample estimate of our fees for a remortgage of a property with a value up to £500,000.

Our Fees £900

VAT thereon £180

Likely Disbursements Additional costs:

Bankruptcy search fee inclusive of VAT £2.40 (per search)

Land Registry search fee incl VAT £3.60

No search indemnity policy £85- £100(estimated)

Land Registry Fee £150 (Calculated on the property value)

IMPORTANT INFORMATION FOR ALL TRANSACTIONS

*Please note if the matter prolongs or any unforeseen extra work becomes necessary or if the matter proceeds more than 3 months we reserve the right to increase our fees and shall advise you accordingly in writing.

*If no estimated fee is given or there is an abortive charge or variation or change to be paid other than by your fee estimate fee, the hourly rate charged by this firm is £250 + VAT for a Solicitor

TIMELINE

The precise stages involved in the purchase or sale of a residential property vary according to the circumstances. However, below are some key stages:

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 or sale
Deal with payment of Stamp Duty/Land Tax (if applicable)
Deal with application for registration at Land Registry HOW LONG WILL MY PROPERTY TRANSACTION TAKE?

The time it takes from taking your initial instructions to the completion of your sale or purchase will depend

on a number of factors and the number of parties in a chain of transactions. The average process takes between 6-8 weeks to a point of exchange.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a freehold property with a mortgage in principle, it could take 4 – 8 weeks to exchange. However, if you are buying a leasehold property, this can take significantly longer, between 10 and 12 weeks.

We will keep you informed throughout the process as each sale or purchase can vary depending on the matters related to.

LIST OF ISSUES/FACTORS THAT WILL AFFECT THE TRANSACTION AND CHARGES