Telephone: 0121 227 1234 | Fax : 0121 227 50 60 | Mail: info@newhallsolicitors.com Address: 83 Newhall Street, Birmingham, B3 1LH | DX : 712087 Birmingham 29

Real Estate – Residential.

Whether you are buying, selling, re-mortgaging or transferring equity, you can rely on our property solicitors to provide a comprehensive and client friendly service. Our transparent costs are competitive and we deal with each transaction with the utmost professionalism.

We will provide as much assistance and guidance through the entire process as you require. This includes an explanation of the main terms of the land registry title, going through the relevant replies to standard property enquiries and highlighting the key issues arising from the searches. We work with most of the main lenders and understand their requirements before the mortgage advance is released.

Regardless of the value of the transaction, our solicitors have experience of acting for first time buyers, residential buy-to-let investors, high net worth individuals, landed estate owners and foreign nationals. We will keep you informed of progress throughout your transaction and will do everything possible to ensure we meet your deadlines.

Our solicitors have the knowledge and expertise to ensure your transaction proceeds smoothly. We understand the importance of working as a team with the other side’s solicitors, estate agents and banks to ensure our clients’ transactions are as stress free as possible.

We are fortunate to have received many recommendations and repeat instructions over the many years our solicitors have been in practice. This is a testament to the pride we take in our work and the quality of the service our clients receive.

Costs and Expenses.

How will I be charged?

Our charges will be calculated mainly by reference to the time actually spent by the Solicitors and other staff in respect of any work which they do on your behalf. This will include meetings with you and perhaps others, reading and working on documents, correspondence, making and receiving telephone calls, preparation for exchange and completion, and time spent travelling away from the office when this is necessary.

What will the hourly rate be?

Our current hourly rates are set out below. We will add VAT to these at the rate that applies when the work is done. At present, VAT is 20 per cent.

Grade                       Hourly Rate

Partner                     £250.00 plus VAT.

Consultant               £250.00 plus VAT.

Solicitor                    £175.00 plus VAT.

Trainee Solicitor     £150.00 plus VAT.

Legal Assistant        £125.00 plus VAT.

All of our fee earners hold professional degrees which have been awarded after completing undergraduate and postgraduate education.

What if I have been provided with a fixed legal fee?

Fixed legal fees can range from, for example, £750.00 plus VAT plus disbursements to £7,500 plus VAT plus disbursements depending upon the nature and complexity of your transaction.

Disbursements will include, for example, bank telegraphic transfer fees, Land Registry fees, search fees, indemnity insurance premiums etcetera.

In instances where you have been advised that the matter will be handled in accordance with a fixed fee, this is the only charge you will be liable for in addition to any disbursements unless you are further advised by the fee-earner with conduct of the matter.

Key stages and typical timescales

A typical residential conveyancing transaction can be divided into three stages:-

(a) the pre-contract stage;

(b) the post-contract (or pre-completion) stage; and

(c) the post-completion stage.

Assuming matters proceed smoothly, a typical residential conveyancing transaction may take onward of eight weeks upon you securing your finance arrangements.


 

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