KUDDUS SOLICITORS AND NOTARY PUBLIC

Property

Commercial Property

Clients need lawyers with the technical expertise and practical approach to meet the demands of today’s property market and its business requirements. Whatever the specifics, property is primarily about getting the transaction completed as quickly and as smoothly as possible. We therefore take a proactive approach and do not allow things to drift. We pride ourselves on delivering our expertise with a personal touch.

property

We have been acting in commercial property transactions for more than a decade, with a client base encompassing a wide range of businesses. Our clients know us for providing practical and proactive commercial property advice. With an in-depth knowledge of the commercial property market, we have the know-how, commercial savvy and personal commitment to ensure that both the strategic and the day-to-day legal needs of clients are met.

Our experience ranges from advising individual occupiers on their purchase and leasing requirements to more established landlords in connection with their commercial property acquisition, disposal and management.

Our services include:

  • sale and purchase of commercial freehold property;
  • grant, assignment or renewal of commercial leases; and
  • day to day landlord and tenant issues such as licences to assign, alter or sublet.

Residential Property

Most of us move house several times in our life. Buying and selling property is a stressful but a necessary part of life. Hence, it is very important that when buying or selling your property, you instruct solicitors who understand the legal and practical implications of dealing with a sale and/or purchase. Whether you are buying your first family home or you are a high net worth individual acquiring a portfolio of investment properties, we provide a bespoke conveyancing service tailored to meet your individual needs.

Every client’s requirements are different, and thus, our residential property service is tailored to meet your particular circumstances and to deal with problems through clear communication, attention to detail and our in-depth knowledge of property law.

We have been dealing with property law since the inception of this firm and have become experts in the field due to our extensive experience. Whether freehold or leasehold, we deal with residential property transactions of all sizes ranging from high net worth properties to properties of more modest value.

conveyancing

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Purchase of a Residential Property

Our fees cover all of the work* required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Our Fees

Our conveyancing charges are typically based on the value of the transaction as follows:

• Freehold purchases price up to £ 500,000.00 – £ 900 plus VAT
• Freehold Purchases up to £ 1 Million £ 1200 plus VAT
• Leasehold Purchase Price up to £ 500,000.00 – £ 1000 plus VAT
• Leasehold Purchase Price up to £ 1 Million – £ 1500 plus VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The likely disbursement would be as follows:

Freehold Purchase:

• Bankruptcy search £ 2.00
• HMLR Final search £ 3.00
• Telegraphic Transfer £ 27.00
• Lawyer Checker £14.00
• Electronic ID search £6
• Stamp Duty or Land Tax filing fee £50 plus VAT
• HM Land Registry Fee (varies depending on the purchase price of your new home) £ 40.00 – £270.00
• Search Pack (varies depending on the Local Authority in which the Property is situated) Our standard search pack would include the following: Local Authority Search, Drainage & Water Search and Environmental Search £150.00-£350.00

Leasehold Purchase:

There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

• Bankruptcy search £ 2.00
• HMLR Final search £ 3.00
• Telegraphic Transfer £ 20.00
• HM Land Registry Fee £ 40.00
• Search Pack (varies depending on the Local Authority in which the Property is situated) Our standard search pack would include the following: Local Authority Search, Drainage & Water Search and Environmental Search £150.00-£350.00
• Notice of Transfer fee – can be between £75.00 to £150. The precise amount of the fee will depend upon what the lease says and the costs charged by the landlord or his managing agents. We will not know the precise amount until after we have seen the lease and any other relevant paperwork.
• Notice of Charge fee – can be between £75.00 to £150 again as above.
• Deed of Covenant fee – can be between £75.00 to £150 again as above.
• Certificate of Compliance fee – can be between £75.00 to £150 again as above.

Stamp Duty Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here.

Example price

Based on a freehold purchase price of £400,000 and you are a first time buyer with no other properties in the UK or abroad.

• Our fees: £900 plus VAT at the current rate of 20% £180.00 = £1080
• Bankruptcy search £ 2.00
• HMLR Final search £ 3.00
• Lawyer Checker £12.00
• Electronic ID £6.00
• Telegraphic Transfer £ 20.00
• HM Land Registry Fee £135.00
• Search Pack £350.00

Sub-total: £1608

• Stamp Duty Land Tax £5000 (5% over a purchase price of £300,000)

Estimated total: £6608

*Our fee assumes that:
a. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
b. For leasehold purchases -this is the assignment of an existing lease and is not the grant of a new lease
c. the transaction is concluded in a timely manner and no unforeseen complication arise
d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Likely timescale in completing your purchase

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 12-18 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are examples of the key stages involved in the purchase of a freehold and leasehold property:

Freehold Purchase:

• 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
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry – post completion matters

 

Islamic Finance

We pride ourselves in specialising in purchases using Islamic finance. We have been a member of Al Rayan Bank plc panel for over 13 years. Over this time, we have acquired vast amount of experience in dealing with purchases, refinances and commercial portfolio acquisitions, particularly those using Al Rayan Bank (Islamic Mortgages). As such, we are able to complete transactions swiftly and smoothly as possible.

We expect to be measured on quality, integrity and above all, results. You will find our solicitors confident, friendly and easy to work with. We believe it is crucial to have good communication with our clients and as such our client’s are always well-informed throughout their transactions.

We have a wide client base consisting of a diverse range of businesses. With our expertise in Islamic Finance, our Conveyancing Team can anticipate the areas of difficulty at an early stage and provide pragmatic solutions.  We understand that purchasing a property is one of the most stressful and time consuming experience a person will go through. Therefore, our firm aims to relieve our clients of the distress and pressures involved in this process by using our experience and expertise in ensuring that the transaction is completed without any delay or difficulty.

Property Litigation

Disputes and disagreements are a fact of today’s commercial reality. As much as we wish to avoid it, they are part of the business of owning property. So whether you are an individual, commercial landlord or a tenant, we can deal with all property related disputes including boundary disputes, planning disputes and adverse possession and all aspects of property litigation. Not all disputes end up in court, and hence we favour resolution of disputes using alternative means. Where appropriate, we will become a part and parcel of resolving such disputes using alternative means.

Our property litigation expertise covers the full range of contentious matters including:

  • lease renewals;
  • rent review;
  • forfeiture and possession claims;
  • recovery of rent arrears using court proceedings;
  • claims involving breach of lease covenants;
  • disrepair and dilapidations claims; and
  • issues relating to residential tenancies.

 

 

 

 

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Leasehold Purchase

• 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, including the lease
• 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
• Send final contract to you for signature
• Draft Transfer
• Advise you on joint ownership
• Obtain pre-completion searches
• 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
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry – post completion matters
• Closing and storing your file for up to 6 years

Extras Price
Help to Buy ISA £50
New Build £150
Help to Buy Equity Loan £100
Leasehold £200
Shared Ownership £200

Referral Fees:
On some occasions, we may have paid what is known as a referral fee to the person/company who introduced or referred your business to us such as an Estate Agent or Mortgage Broker. If we have, we will tell you this from the outset.
Some Solicitors and Licensed Conveyancers will add this fee to the amount they charge their clients. We will not do this to our clients.

Sale of a Residential Property

Our fees cover all of the work* required to complete the sale of your home including redeeming any outstanding mortgages.

Our Fees

Our fees for sale of a residential property are as follows:

• Freehold sale price up to £ 500,000.00 – £750 plus VAT
• Freehold sale price up to £ 1 Million – £ 1500 plus VAT
• Leasehold sale price up to £ 500,000.00 – £850 plus VAT
• Leasehold sale price up to £ 1 Million – £ 1500 plus VAT

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The likely disbursement would be as follows:

Freehold
Office Copy and plan £6
Telegraphic Transfer £20
Telegraphic Transfer – mortgage redemption £20

Leasehold
Office Copy and plan £6
Leasehold copy £11
Management Information Pack – the figure would need to be obtained from the Management Company and can be £300 or more.

*Our fee assumes that:
a. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
b. For leasehold sales -this is the assignment of an existing lease and is not the grant of a new lease
c. the transaction is concluded in a timely manner and no unforeseen complication arise
d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Likely timescale in completing your sale

How long it will take from you accepting an offer until you can move will depend on a number of factors. The average process takes between 12-18 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if your purchasers are cash buyers, it could take 8 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below are examples of the key stages involved in the sale of a freehold and leasehold property:

• Provide you with documentation to complete about the property and fixtures and fittings
• Obtain title deeds and any other documents to prepare a draft contract.
• If applicable, obtain a settlement figure to repay the outstanding amount on any existing mortgage.
• Send a contract pack to the Buyer’s Solicitor
• The Buyer’s solicitor will check the draft contract and raise enquiries with us.
• We will answer the enquiries together with you.
• Agree a completion date (date from which you no longer own the property and move out)
• The Buyer’s solicitors will confirm that they are satisfied with their search results and answers to their enquires.
• Exchange contracts and notify you that this has happened
• The Buyer’s solicitors will draft and send a transfer deed to us which we will check and send to you to sign in preparation for completion.
• The Buyer’s solicitor will then send the proceeds of the sale to us and you will need to arrange for the keys to be released to the Buyer
• We will send the Buyer’s solicitor the title deeds and transfer deed.
• We will pay the estate agent, repay the amount owing to your mortgage lender and transfer our fees.
• The remaining funds will then be transferred to you.
• Closing and storing your file for up to 6 years

Staff Profile

Our Conveyancing department is headed by Mr Kuddus Ali, a Director at the firm with over 20 years experience in dealing with property transactions. He will be assisted by Moiriong Rahman, a qualified solicitor since 2017, Mansoor Malik, a qualified solicitor since 2015, and Waqqas Khan, a qualified solicitor since 2009.