Property
Property Law has become forefront of many matters and the simple reason for this is because property continues to be a persons main investment/asset and even if you are not on the property ladder it may just be a matter of time.
Below are examples of some of the property work Proctor Moore has expertise to provide best service and advice.
-
Residential Property
Sale/Purchase
Whether you are selling or buying we can provide you with the right advice and in accordance with your needs. If you are a first time buyer we understand this is an awaited opportunity for you. With this is mind, we are happy to provide you with a service suitable for your needs.Transfer of equity
We receive many enquiries and have acted for numerous clients in relation to this type of work and we are happy to provide our assistance.There are a number of reasons why transfer of equity is required e.g. for trust purposes, or simple buy-out/gift. We may need to transfer the title of the property into the name of the person/company and/or create a trust to deal with the beneficial ownership.
OUR FIRM’S COSTS AND GENERAL DISBURSEMENTS
*Transfer of Equity £500.00 plus VAT
*Freehold Legal Fees
Sale Price (Freehold)
Purchase price between £0.00 – £1,000,000.00: £1,000.00
Purchase price £1,000,001.00 + : £2,000.00*Leasehold Legal Fees
Purchase price between £0.00 – £1,000,000.00: £1,000.00
Purchase price £1,000,001.00 + : £2,000.00*The above prices includes our firm’s services all steps up to and including completion of the sale/purchase/transfer of your property (additional charges may apply – see below)
Further Fees
Bank Transfer Fee (Chaps) £30.00 each
Stamp Duty Admin/ Form £100.00 (Purchase only)VAT will be charged at the current rate in addition to the legal fee.
THE BASIS FOR OUR CHARGES
Work carried out on your matter by our firm’s Mr Andreou will be based on the hourly rate of the caseworker at £250.00 per hour (exc VAT), letters sent are charged at £25.00 per letter, telephone calls no more than 6 minutes are charged at £25.00 per telephone call and letters received charged at £12.50 per letter.
Work carried out on your matter by our firm’s Solicitor will be based on the hourly rate of £160.00 per hour (exc VAT), letters sent are charged at £16.00 per letter, telephone calls no more than 6 minutes are charged at £16.00 per telephone call and letters received charged at £8.00 per letter.
Work carried out on your matter by our firm’s Paralegals/Trainee Solicitors based on the hourly rate of £120.00 per hour (exc VAT), letters sent are charged at £12.00 per letter, telephone calls no more than 6 minutes are charged at £12.00 per telephone call and letters received charged at £6.00 per letter.
Note; If your matter requires additional work that is not included in this estimate, you will be informed of this and what the additional cost will be at the earliest possible time. Matters typically exceed the quote fee when they are particularly complicated, for example where a lease has to be extended as part of the purchase of a leasehold property.
DISBURSEMENTS
Disbursements (these are costs payable to third-parties that relate to your matter)
Official Copies of Title Deeds: £6.00 – £20.00 (approx.) (Sale only)
Priority Search: £3.00 (Purchase only)
Residential Search Pack: £300.00-£400.00 plus VAT (approx.) (Purchase only)
Leasehold Management Pack: £300.00 plus VAT (approx.) (Leasehold sale only)
Indemnity Policy: £15.00 – £300.00 plus VAT (Sale/Purchase)The above breakdown of disbursements is only an illustrative guide and may vary (i.e. more or less than the stated amount) depending on the transaction.
Stamp duty/ Tax
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above the government threshold. This has been seen to change consistently and different rules apply if the property is your first home or an additional property. For the most up to date information on Stamp Duty we recommend you access the government website on www.gov.uk.OUR STAFF
Our Staff: Work on your matter may be done by a mix of Solicitor(s), Paralegal(s) and experienced conveyancing staff. Xen Andreou, solicitor since November 2003 and sole principal of this firm. Xen will have overall conduct and supervision of your matter who has had extensive experience in conveyancing matters.
TIMESCALE
The likely time scale for your matter is made in consideration of the issues known to the caseworker. We also make comparisons to other cases of similar issues. We estimate the likely time scale for an average conveyancing matter is 3/4 months, however this may change as your matter progresses.
Although we endeavour to provide you with a realistic time scale this is an estimate and can change. If we anticipate a change we shall let you know in writing. There are many factors out of our control but we assure you that we will try to resolve your matter as quickly as possible.
It is due process for you to enter into a retainer with our firm and further terms and conditions will apply, details of which will be included in a client care letter provided to you at the outset.
-
Commercial Property
Sale/Purchase
We provide sales and purchase advice for any commercial property/land type – whatever your requirements and the location of the property. We have acted for clients with regard to land acquisition out of the London and within the City.We are aware that clients require a quick transaction and we will do our utmost to ensure the best turnaround time and without compromise with regard to service. We carefully plan out the process to be seamless and we keep the client updated throughout.
You may consider planning issues before sale or purchase and this is a very important aspect for the client. We are client focused and know that providing the right service will complement the investment purpose the client has in mind. Whatever your needs, we have vast experience to ensure your best interest is paramount.
OUR FIRM’S COSTS AND GENERAL DISBURSEMENTS
Purchase price between £0.00 – £1,000,000.00: £2,000.00
Purchase price £1,000,001.00 + : £3,500.00The above price includes our firm’s services all steps up to and including completion of the sale/purchase/transfer of your property (additional charges may apply – see below)
Further Fees
Bank Transfer Fee (Chaps) £30.00 each
Stamp Duty Admin/ Form £200.00 (Purchase only)VAT will be charged at the current rate in addition to the legal fee.
THE BASIS FOR OUR CHARGES
Work carried out on your matter by our firm’s Mr Andreou will be based on the hourly rate of the caseworker at £250.00 per hour (exc VAT), letters sent are charged at £25.00 per letter, telephone calls no more than 6 minutes are charged at £25.00 per telephone call and letters received charged at £12.50 per letter.
Work carried out on your matter by our firm’s Solicitor will be based on the hourly rate of £160.00 per hour (exc VAT), letters sent are charged at £16.00 per letter, telephone calls no more than 6 minutes are charged at £16.00 per telephone call and letters received charged at £8.00 per letter.
Work carried out on your matter by our firm’s Paralegals/Trainee Solicitors based on the hourly rate of £120.00 per hour (exc VAT), letters sent are charged at £12.00 per letter, telephone calls no more than 6 minutes are charged at £12.00 per telephone call and letters received charged at £6.00 per letter.
Note; If your matter requires additional work that is not included in this estimate, you will be informed of this and what the additional cost will be at the earliest possible time. Matters typically exceed the quote fee when they are particularly complicated, for example where a lease has to be extended as part of the purchase of a leasehold property.
DISBURSEMENTS
Disbursements (these are costs payable to third-parties that relate to your matter)
Official Copies of Title Deeds: £6.00 – £20.00 (approx.) (Sale only)
Priority Search: £3.00 (Purchase only)
Search Pack: £300.00-£400.00 plus VAT (approx.) (Purchase only)
Indemnity Policy: £15.00 – £1,000.00 plus VAT (Sale/Purchase)The above breakdown of disbursements is only an illustrative guide and may vary (i.e. more or less than the stated amount) depending on the transaction.
Stamp duty/ Tax
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above the government threshold. This has been seen to change consistently and different rules apply if the property is your first home or an additional property. For the most up to date information on Stamp Duty we recommend you access the government website on www.gov.uk.OUR STAFF
Our Staff: Work on your matter may be done by a mix of Solicitor(s), Paralegal(s) and experienced conveyancing staff. Xen Andreou, solicitor since November 2003 and sole principal of this firm. Xen will have overall conduct and supervision of your matter who has had extensive experience in commercial property matters.
TIMESCALE
The likely time scale for your matter is made in consideration of the issues known to the caseworker. We also make comparisons to other cases of similar issues. We estimate the likely time scale for an average conveyancing matter is 3/4 months, however this may change as your matter progresses.
Although we endeavour to provide you with a realistic time scale this is an estimate and can change. If we anticipate a change we shall let you know in writing. There are many factors out of our control but we assure you that we will try to resolve your matter as quickly as possible.
It is due process for you to enter into a retainer with our firm and further terms and conditions will apply, details of which will be included in a client care letter provided to you at the outset.
-
Landlord and Tenant
Rent Increase
We are able to provide advice for landlord who wishes to obtain rent increase from their tenant and the process differs on the property type i.e. residential or commercial.Lease Review
We can review your lease and this service is usually provided during initial consultation. If further work is provided you will be advised and costing be provided.Lease Renewal
We can advise you with regard to the renewal of your lease and this will be the case if your lease that its terms has come to an end. We act for landlord or tenants in these circumstances.Assigning Lease
A tenant may wish to assign their rights held within a lease to another person. This requires a process whereby the landlord will need to give consent. We are happy to assist throughout this process.Please note, we are happy to accept instructions from any landlord, tenant or an assignee but not for more than one in same transaction as this would be a potential conflict of interest.
OUR FIRM’S COSTS AND GENERAL DISBURSEMENTS
*Rent Increase £1,000.00 -£1,500.00 plus VAT
*Lease Review £250.00 plus VAT
*Lease Renewal £1,000.00 plus VAT
*Lease Assignment £1,250.00 plus VAT
*Grant of New Lease £1,250.00 plus VAT
*The above prices includes our firm’s services all steps up to and including completion of your matter (additional charges may apply – see below)
Further Fees
Bank Transfer Fee (Chaps) £30.00 each
Stamp Duty Admin/Form £100.00 (Tenant only)VAT will be charged at the current rate in addition to the legal fee.
THE BASIS FOR OUR CHARGES
Work carried out on your matter by our firm’s Mr Andreou will be based on the hourly rate of the caseworker at £250.00 per hour (exc VAT), letters sent are charged at £25.00 per letter, telephone calls no more than 6 minutes are charged at £25.00 per telephone call and letters received charged at £12.50 per letter.
Work carried out on your matter by our firm’s Solicitor will be based on the hourly rate of £160.00 per hour (exc VAT), letters sent are charged at £16.00 per letter, telephone calls no more than 6 minutes are charged at £16.00 per telephone call and letters received charged at £8.00 per letter.
Work carried out on your matter by our firm’s Paralegals/Trainee Solicitors based on the hourly rate of £120.00 per hour (exc VAT), letters sent are charged at £12.00 per letter, telephone calls no more than 6 minutes are charged at £12.00 per telephone call and letters received charged at £6.00 per letter.
Note; If your matter requires additional work that is not included in this estimate, you will be informed of this and what the additional cost will be at the earliest possible time. Matters typically exceed the quote fee when they are particularly complicated, for example where a lease has to be extended as part of the purchase of a leasehold property.
DISBURSEMENTS
Disbursements (these are costs payable to third-parties that relate to your matter)
Official Copies of Title Deeds: £6.00 – £20.00 (approx.) (Landlord only)
Priority Search: £3.00-£6.00 (Tenant only)The above breakdown of disbursements is only an illustrative guide and may vary (i.e. more or less than the stated amount) depending on the transaction.
Stamp duty/ Tax
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above the government threshold. This has been seen to change consistently and different rules apply if the property is your first home or an additional property. For the most up to date information on Stamp Duty we recommend you access the government website on www.gov.uk.OUR STAFF
Our Staff: Work on your matter may be done by a mix of Solicitor(s), Paralegal(s) and experienced staff. Xen Andreou, solicitor since November 2003 and sole principal of this firm. Xen will have overall conduct and supervision of your matter who has had extensive experience in landlord and tenant matters.
TIMESCALE
The likely time scale for your matter is made in consideration of the issues known to the caseworker. We also make comparisons to other cases of similar issues. We estimate the likely time scale for an average conveyancing matter is 3/4 months, however this may change as your matter progresses.
Although we endeavour to provide you with a realistic time scale this is an estimate and can change. If we anticipate a change we shall let you know in writing. There are many factors out of our control but we assure you that we will try to resolve your matter as quickly as possible.
It is due process for you to enter into a retainer with our firm and further terms and conditions will apply, details of which will be included in a client care letter provided to you at the outset.
