Fixed Fee Conveyancing

Our fixed fee conveyancing solicitors will: 

• Verify the legal ownership of the property. 
• Conduct various searches to gather information about the property e.g. local authority searches, environmental searches, and land registry checks. 
• Draft and review the contract pack of the property and raise and answer enquiries to and from the other sides conveyancer. 
• Assist in negotiating the terms of the sale between the buyer and the seller. 
• Work with the mortgage lender to ensure that all financial aspects are in order and comply with the lenders specific requirements.  
• Handle the transfer of funds between the buyer, seller, and mortgage lender. 
• Prepare and submit a Stamp Duty Land Tax Return application, and make the necessary payments to HMRC, if applicable.
• Submit the necessary documentation to the Land Registry. 
• Facilitate the completion of the sale.

There may be additional costs in certain circumstances where additional documentation needs reviewing and preparing once the transaction has begun or depending on your instructions. We will make you aware of the costs at the earliest opportunity. Examples of these circumstances are: 

• Leasehold Management Pack documentation 
• Help-to-Buy ISA or Lifetime ISA bonuses 
• Declaration of Trust 
• Statement of Truth 
• Statutory Declaration 
• Dealing with Unregistered Titles

Throughout the process, we will offer you legal guidance, making sure you understand your rights and responsibilities, and that all essential legal and financial transactions are completed. 

These are two important terms related to property ownership and they determine whether you own a property completely or have a landlord.  

When you buy a house, you will usually buy it freehold. This means you own both the property and the land, and after paying off the mortgage, you will own it completely. You won’t have to pay any ground or maintenance charges (with the exception of some new build properties where there may be communal service charges), but you will be responsible for future maintenance issues.  

On the other hand, leasehold refers to owning a property for a specific period before returning it to the freeholder. This is more common when buying a flat and the main advantage of leasehold is that you are not responsible for maintenance. The landlord takes care of maintaining and managing the land or building. However, you will likely have to pay service charges for the upkeep of these areas. 

If you are in the market to purchase a property and find yourself confused by terms like freehold and leasehold, it is highly recommended to consult with one of our expert conveyancing team at GSB to assist you in making an informed decision. 

GSB is a trusted part of the Law Society’s Conveyancing Quality Scheme. This scheme acknowledges our adherence to best practices, meeting the necessary standards of technical knowledge and client service, all while satisfying regulators, lenders, and insurers.