These are specialist areas only handled by Tina Buck and Heather Scobie. They make it their business to keep up to date with the law relating to these areas in order to hold your hand throughout the purchase in a complex area of law. You can find information about their qualifications and experience by clicking ‘meet the team’ at the side of this page.
What can I expect to pay?
Shared Ownership and First Homes Scheme transactions are more complex than traditional residential sales and purchases. Our fee scale reflects this additional complexity. Work is charged at an hourly rate and an assessment of the likely number of hours involved in the transaction.
Fees for Shares Ownership and First Home Scheme transactions start at £1,700 plus VAT. On average, we would expect these transactions to cost between £1,700 and £2,000 plus VAT, though more complex matters will attract higher fees.
| Hourly Charge Rate | |
| Tina Buck | £250.00 plus VAT |
| Heather Scobie | £300.00 plus VAT |
VAT is charged at 20%.
For information about common disbursements, please refer to our Residential Purchase and Residential Sales pages.
What work is included in those costs?
Each transaction is different but, in general, you can expect our services to include:-
- Taking your initial instructions and advising you on various aspects
- Receiving contract documents and checking through them and asking further questions as necessary
- Making searches and checking their results
- Receiving a mortgage offer
- Reporting to you on all our investigations and any mortgage
- Obtaining your signature of documentation
- Exchanging contracts
- Calculating the figures for completion, requesting funds and carrying out final searches
- Completing then paying any Stamp Duty Land Tax and registering your property at the Land Registry.
Is there anything not included?
Our costs include all work that is usually required to complete the sale or purchase of a Shared Ownership/First Homes Scheme property. However, other elements of these transactions (such as arranging for removals or updating your Will) are not included in our services.
Should you require additional legal services (e.g. a Declaration of Trust setting out shares of ownership) these will be charged separately. You can find information about the other legal services we offer in connection with residential property here.
How long will the transaction take?
Many factors will dictate speed including the chain of buyers and sellers. Six weeks to exchange and two weeks between exchange and completion could be taken as an average, but this is not a guarantee. The shorter the chain of buyers and sellers, the shorter the transactions are likely to take.
