Terms and Conditions Schedule of Additional Costs

Transcription

1 Terms and Conditions Schedule of Additional Costs Costs applicable to your transaction if the following apply: Description Cost ( ) VAT ( ) Total ( ) Lawyer Check (purchase only) Archive Charge E Conveyancing Professional Indemnity Insurance Contribution Postage and Telephone Charge Bank Electronic Transfer fee Chancel Repair Insurance (purchase only) Electronic Identification fee (per person) SDLT Transaction Return Fee (purchase only) No Move No Fee Guarantee Shared Ownership Leasehold Transaction Fee Mortgage Lender Redemption Fee per loan Buildings Insurance Administration fee (purchase only) Lenders Legal Fee (purchase remortgage only) Unregistered Transactions Indemnity Insurance Arrangement Fee Solar Panel Lease Right to Buy (purchase only) Help to Buy ISA Bonus Application Fee (In addition to the Help To Buy Fee Above) Cybercrime Avoidance Gifted deposit fee

2 Terms of Engagement (February 2016 Edition) Pursuant to the Code of Conduct made in accordance with s.20 of the Administration of Justice Act 1985 and s.83 of the Legal Services Act EXPLANATORY NOTE: We are required by our professional codes to advise clients at the time of accepting instructions of the terms upon which we will act for you. Not all of the following terms will apply to a particular transaction, as they are intended to cover a wide range of circumstances. These terms will provide a clearer indication of our duties to you and the basis upon which professional services will be provided. However, the terms are not intended to lessen our duty to provide you with appropriate and timely advice on any action you should take during a transaction. 1. The Estimate: Unless written notice is given to you to the contrary the basis of charges made for each transaction shall be 0.5% of the consideration (Subject to a minimum charge of Five Hundred and Fifty Pounds ( 550) plus VAT of One Hundred and Ten Pounds ( 110) and Disbursements (Freehold) and Seven Hundred and Fifty Pounds ( 750) plus VAT of One Hundred and Fifty Pounds ( 150) and Disbursements (Leasehold).) The fees estimated or the basis of charge may be varied in certain circumstances. In particular, variation may occur if the nature of work undertaken differs from that upon which the fee is based or if the amount of time, work or skill required for the proper conduct of a transaction is significantly more than initially expected or if the matter requires expedition. 2. Disbursements: These are payments made or incurred on your behalf in the course of the transaction. These may be significant expenses such as Stamp Duty, Land Registry fees, Local Authority and other Search fees. It is not always possible for us to foresee at the outset all disbursements that may arise but our fee invoice or financial statement will show these items separately from any professional fees. 3. Value Added Tax: All fees and taxable disbursements will have VAT added. The rate of VAT payable will be that applying at the tax point (this will normally be the date of our invoice for professional fees or the date of legal completion, if different). 4. Payment on Account: We may request you to provide payment on account (i.e. in advance) in respect of fees or disbursements, either at the outset or during the course of a transaction. This is normal professional practice where certain expenses are incurred by us at the beginning of a transaction or where a matter is, or is expected to be, unusually lengthy, in which case interim payments on account assist both parties to keep track of expenses. If you have instructed us on the JS Law Advantage product, payment on account of fees will be required before work is commenced on your behalf. No refund of monies paid on account will be made in respect of this product. 5. Bank Charges: Due to charges levied by our Bank the following charges will be applied. In event that a cheque presented by you is returned as unpaid an administration fee of Twenty Five Pounds ( 25.00) plus VAT of Five Pounds ( 5) will be charged. If we issue a cheque to you which, for any reason, needs to be re-issued a charge of Fifty Pounds ( 50.00) plus VAT of Ten Pounds ( 10) will be made, unless the original cheque is returned to us. 6. Abortive Costs: If, for any reason, a transaction does not continue to completion then we will make a charge for work done and disbursements incurred. Any such charge will reflect the amount of work done and the time taken by us (the chargeable hourly rate being One Hundred and Fifty Pounds ( 150) plus VAT of Thirty Pounds ( 30), either based upon the notified basis of charge or as a proportion of the estimated fee. Where the work done is beyond the scope of that for which the estimate of fees were given, or otherwise exceeds initial expectations, then the charge made will reflect the nature and complexity of the work done and time taken. 7. Mortgage Costs: If you are to receive a mortgage advance then it is your responsibility to comply with the terms and any special conditions of the offer document issued to you by the intended mortgage lender. In particular you should be aware of the financial implications of any deductions, retentions, redemption penalties or interest payable upon early repayment. If required to do so we will advise you if you are experiencing any difficulty in understanding the terms of a mortgage offer. Otherwise we will assume the offer is acceptable to you. All mortgage lenders have specific legal work they need carrying out in either granting or repaying a mortgage. All mortgage lenders require the borrower to be responsible for the lender s fees for such work. If your lender instructs us to act for them at the same time as acting for you, then our fees will be increased in accordance with the special conditions of the mortgage offer (a standard fee of One Hundred and Ninety Five Pounds ( 195) plus VAT of Thirty Nine Pounds ( 39) will apply if no fee is stated). If your mortgage lender instructs a firm other than us for its legal work then you will be responsible for any charges made by that firm, whose charges will be separate from our own. 8. Life Policies: If you have or are taking an endowment mortgage we will make a charge of Seventy Five Pounds ( 75.00) plus VAT of Fifteen Pounds ( 15.00) for effecting the assignment or re-assignment of each life policy (or similar item of collateral security) and the production and service of the relevant notices. 9. Undertakings: If we are requested to give a professional undertaking in order to assist the progress of your transaction we will make a reasonable charge for providing this personal commitment. Such an undertaking is a binding pledge (usually given by us to another Lawyer that a particular action will be taken often the payment of money) which we are personally liable to fulfil. We may require appropriate security from you before giving such an undertaking. 10. Buildings Insurance: If you are arranging your own buildings insurance independent of your mortgagee then we will make a charge of Eighty Five Pounds ( 85.00) plus Seventeen Pounds ( 17.00) VAT to cover the extra administration costs. 11. Interest: Unless it is agreed to the contrary in writing, we shall not be required to open special deposit accounts or account to you for any interest which accrues or ought to accrue on any money received by us for or on behalf of you and your acceptance of these terms shall be an arrangement to this effect. 12. Finance: 12.1 Conveyancing transactions can normally only be financed using funds cleared for banking purposes. Therefore all deposits, completion money and any sums payable by you and requiring to be cleared to enable us either to exchange contracts or to complete a transaction on a particular date must be received by us by the date advised to you. If payment is made by cheque this will normally be by noon on the fifth working day* before the date cleared funds are required. If you should provide funds after the specified time and date or make payment in a form other than advised, then we will not be liable for any delay or consequential loss in dealing with the matter dependent upon cleared funds as long as your funds remain uncleared. If we do not hold cleared funds on completion debit interest will be charged at a daily rate of 10% above the base rate for the time being of the Yorkshire Bank Plc. It is your responsibility to ensure that adequate finance (in the form of cleared funds, if necessary) is made available to enable us to comply with the financial requirements of a transaction and to pay all fees and disbursements. If you require mortgage finance it is your responsibility to ensure that you have a valid mortgage offer at the date of completion of your purchase.mortgage funds will not be requested from your lender until contacts have been exchanged. Should you instruct JS Law to draw down mortgage funds prior to the exchange of contracts and these funds subsequently require returning to your mortgage lender, our standard telegraphic transfer fee will be incurred Cash Payment Policy: We do not accept payments in cash from clients. If you deposit cash directly with our Bank, we may charge you for any additional checks that we consider necessary to prove the source of the funds. Where we pay money to you, it will be paid by cheque or bank transfer. It will not be paid in cash or to a third party.

3 13. Payment of our Costs and Disbursements: It is standard practice for legal fees and disbursements to be deducted by us from funds held on your behalf. If there is insufficient money held to permit this we may be under a professional duty to expend practice funds in making certain payments (e.g. Stamp Duty or VAT). In the event of late payment by you of money requested by us on account of legal fees, disbursements and VAT and for which a financial statement has been provided by us then interest may be charged at the rate of 3% per calendar month, or part thereof, (compounded monthly) from the date of legal completion until the outstanding sum is received by us and becomes cleared funds. We may discharge any legal fees and disbursements due to us out of monies held on your behalf prior to completion. Credit Card payments will be subject to a handling charge of 3% plus VAT. Terms of Engagement 20. Matters which you authorise us to do on your behalf: To assist the efficient progression of a transaction and to minimise costs you agree to: 20.1 provide us with written confirmation of any significant variation of your original instructions; 20.2 respond promptly in writing to any request for instructions you may receive from us; 20.3 authorise us to incur the costs and search fees (including repeat searches) which in our professional judgment is necessary to protect the interest of you and your mortgage lender; 20.4 authorise disclosure of your information and instructions to any mortgage lender to which you have applied and who also instructs us; 14. The Completion Date: If you are purchasing with a mortgage we will normally advise a minimum period of ten working days* between exchange of contracts and legal completion. This period is regarded as the minimum practical period in which safely to deal with all pre-completion searches and formalities (including obtaining cleared funds from the lender and if necessary from you) to enable all parties to be fully protected on completion. We will require that all necessary stamp duty and Land Registry fees are held by us as cleared funds by the proposed completion date and may delay completion until such funds are so held. If we do not hold cleared funds on completion debit interest will be charged at a daily rate of 10% above the base rate for the time being of Yorkshire Bank Plc. 15. Expedition Fees: In the event that you instruct us to complete either a sale or purchase transaction less than ten working days* after the date of exchange of contracts, we will charge an expedition fee of One Hundred and Seventy Five Pounds ( 175) plus VAT of thirty five pounds ( 35) for each transaction. Further more we will not be liable for any consequential loss arising from completion being delayed beyond the specified completion date, provided we have used reasonable professional skill in attempting to complete on the specified date. This fee will be increased to Two Hundred and Seventy Five Pounds ( 275) plus VAT of fifty five pounds ( 55) in the event of a simultaneous Exchange of Contracts and Completion. 16. Benefits: In the event that we pay or receive any commission or other benefit as a result of receiving your instructions or introducing you to another party with whom you do business your acceptance of these terms shall be deemed to include consent for us to pay (such sum not to exceed Five Hundred Pounds) or retain (such sum not to exceed Twenty five Pounds) any commission or benefit, if such an arrangement should exist. 17. Specialist Service: We are specialist Property Lawyers, qualified to advise you on Conveyancing Law. You should consult appropriately qualified professionals for advice on non-legal matters, such as the physical condition of a property and its connected services, its market value, or investment or financial advice. Before exchanging contracts to purchase or lease premises you should have a structural survey (of a type appropriate to the nature of the premises) and obtain further information that the survey report may state is required. 18. Money Laundering Regulations: We are required to comply with the Money Laundering regulations and in particular to verify the identity and permanent address of all new Clients. This is to ensure that the policy adopted worldwide by Financial and Government Authorities to prevent the use of laundering systems to disguise the proceeds of crime is achieved. 19. The Proceeds of Crime Act 2002: Under the provisions of the Proceeds of Crime Act 2002 ("POCA"), we may be required to make a report to the relevant authorities if at any time we become aware of or suspect (whether from you or any other person) the existence of the proceeds of crime in relation to any Services on which we are engaged. Our obligation to make such a report will, in certain circumstances, override our duty of client confidentiality and we may not be permitted to inform you whether or not we have made, or might intend to make, such a report. We may terminate the provision of any Services to you, or be instructed to do so by the relevant authorities, if you fail to comply with your obligation to provide evidence of identity or we suspect that you or any other party connected with you or with the matter is involved in activities prescribed by POCA generally to co-operate with us us keeping our file of papers (except for any papers you ask to be returned to you) for no more than fifteen years (six years for a transaction relating to a sale) and to destroy the file after this period has lapsed.without further notice to you us accepting instructions from one party only for and on behalf of joint parties (apart from payment of proceeds) in matters of joint party instructions; 20.8 as an alternative to us dealing direct with a Local Authority, in the interests of expediency to use a Personal Search Agency with the caveat that such Agency is suitably qualified and adequately insured (i) us retaining details of debit/credit cards until completion of your transaction (ii) us debiting your credit/debit card for any monies due to JS Law including third party disbursements. 21. Net Proceeds: Any monetary net proceeds will not be made payable to any third party and also that where joint owners are ostensibly entitled to the net proceeds they will be paid to one party if required only with the written authority of all the joint owners. Net proceeds of a transaction will be returned to the client no later than the next working day following completion other than in exceptional circumstances Unless you advise us to the contrary in writing, we assume that we will have your authority to transmit or receive confidential information on your behalf via . All correspondence will be sent to you by wherever possible. Should you require correspondence to be sent to you by post, a charge of Twenty Pounds ( 20) plus VAT of Four Pounds ( 4) per transaction will be applied. 23. We are not authorised by the Financial Conduct Authority. However, we are included in the register maintained by the Financial Conduct Authority so that we can carry on Insurance Medication Activities, which is broadly advising on, selling and administration of insurance contracts. This part of our business, including arrangements for complaints or redress if something goes wrong, is regulated by the Council for Licensed Conveyancers. The register can be accessed via the Financial Conduct Authority website at Title Indemnity Insurance If, during the course of this transaction, we are required to provide a form of Title Indemnity Insurance we would advise you as follows: 24.1 This practice has no holding, directly or indirectly, whatsoever with the insurance undertaking 24.2 The insurance undertaking or parent of any insurance undertaking has no holding, direct or indirect, whatsoever with the capital in this Practice. We will provide a Policy from a limited number of insurance undertakings and will not conduct an analysis of the insurance market. This Practice is not contractually obliged to conduct Insurance Mediation Activity in this way and you are at liberty to obtain independent advice if you so wish. You can obtain a copy of the list of insurance undertakings from which this Practice selects or with which it deals in relation to the contract provider 25. Regulations affecting your cancellation rights: The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013:

4 If we have not met you either in person (because, for example, instructions and signing of the contract documentation is taking place by telephone/mail, e mail or on-line ie: by way of a distance contract) or we have taken instructions and a contract has been concluded away from our business premises (because, for example, we have met with you at home - ie: by way of an off-premises contract) and the contract was entered into on or after 14 June 2014, you have the right to cancel this contract within 14 calendar days of entering into the contract without giving any reason. The cancellation period will expire after 14 calendar days from the day of the conclusion of the contract. To exercise your right to cancel, you must inform us of your decision to cancel this contract by a clear statement (eg: a letter sent by post, fax or ). If you use this option, we will communicate to you an acknowledgement of receipt of such a cancellation on a durable medium (eg: by e mail) without delay. To meet the cancellation deadline, you must send your communication concerning your exercise of the right to cancel before the cancellation period has expired. Should you require the work to be commenced within the 14 calendar day cancellation period, you must provide your agreement to that in writing, by e mail, post or fax to enable us to do so. By signing and returning our Client Instruction Form duly signed, you are providing your agreement in writing to enable us to commence work within the 14 calendar day cancellation period. Where you have provided your consent for work to commence within the 14 calendar day cancellation period and you later exercise your right to cancel, you will be liable for any costs, VAT and disbursements incurred up to the point of cancellation. Unless you make an express request for us to commence work within the 14 day period (i.e. by signing and returning our Client Instruction Form), we will not be able to undertake any work during that period. 26. Complaints procedure: 26.1 A complaint is an oral or written expression of dissatisfaction which alleges that the complainant has suffered (or may suffer) financial loss, distress, inconvenience, or detriment We aim to resolve any complaint you have about the service we have given you as quickly as possible. If you are unable to sort things out with the person who has been dealing with you please contact Sunita Chauhan (complaints@js-law.co.uk) who has ultimate responsibility for your matter Once we have received your complaint we will write to you within 7 working days to explain how your complaint will be investigated and if a complete response to your complaint has not been made by that time. You will be informed of the latest date by which a complete answer will be given to your complaint (this should be not more than 28 working days after we received your complaint). If you have made the complaint verbally either at a meeting or on the telephone we will set out in our full response our understanding of the nature of your complaint The assessment of the complaint will be based upon a sufficient and fair investigation. We will explain in writing our findings and where the complaint is upheld we will offer remedial action or redress. This will be actioned promptly If after following the review process you remain dissatisfied with any aspect of our handling of your complaint, you may contact directly the Legal Ombudsman to ask them to consider the complaint further: Tel no: enquiries@legalombudsman.org.uk Website: Legal Ombudsman PO Box 6806 Wolverhampton WV1 9WJ Terms of Engagement Unless this agrees there are good reasons not to do so, the Legal Ombudsman will expect you to allow us to consider and respond to your complaint in accordance with the procedure set out above in the first instance. You can refer your complaint up to 6 months after you have received our final written response to your complaint. You can also use the Ombudsman service if we have not resolved your complaint within 8 weeks of us receiving it. A complaint can be referred to the Legal Ombudsman up to six years from the date of the act or omission or up to 3 years after discovering a problem (if the act/omission took place before 6th October 2010 or was more than 6 years ago). The ombudsman deals with service-related complaints; any conduct- related complaints will be referred to the Council for Licensed Conveyancers If you make a valid claim against us for a loss arising out of work for which we are legally responsible, and we are unable to meet our liability in full, you may be entitled to claim from the Compensation Fund administered by the Council for Licensed Conveyancers (from whom details can be obtained). 27. Exclusions in terms of complaints / disputes: We shall not be obliged to comply with paragraph 26 above in relation to any Dispute in which we seek:-an order or award (whether interim or final) restraining you from doing any act or compelling you to do any act;or a judgment or award for a liquidated sum to which there is no arguable defence (provided that the exception shall cease to apply and the Dispute may be referred to arbitration on the application of either party if the court decides that you should have permission to defend the claim);or the enforcement of any agreement reached or any binding order, award, determination or decision made pursuant to paragraph 23 above, nor shall anything in this paragraph inhibit us at any time from serving any form of demand or notice or from commencing or continuing with any bankruptcy, winding up or other insolvency proceedings. 28. Client Information: 28.1 JS Law may use and share relevant information about you, your transactions and your relationships with JS Law, to provide you with information about ancillary products and services available from associated companies of JS Law and those of selected third parties which may interest you. Such information may be provided by telephone, post, electronic and other means JS Law reserves the right to use any responses and feedback you provide in relation to our quality of service for marketing purposes If you do not want to be contacted about such products and services notice of your decision must be given to us in writing. 29. Conflict of Interest: (a) (b) Conflict of Interest means any situation where we owe (or, if we accepted your instructions, would owe) separate duties to act in the best interests of two or more clients in relation to the same or a related matter and those duties conflict, or there is a significant risk that those duties may conflict; or our duty to act in your best interests in relation to a matter conflicts, or there is a significant risk that it may conflict, with our own interests in relation to that or a related matter; or we have confidential information in relation to a client or former client, and you wish to instruct us on a matter where that information might reasonably be expected to be material; and you have an interest adverse to our other client or former client. We may decline to act for you where accepting your instructions would create a Conflict of Interest or cause us to break an existing agreement with a third party. (c) Where our professional rules allow, and subject to satisfying the requirements of those rules (see Representing Both Parties information which will be supplied if applicable), we may act for you and another client where a Conflict of Interest would otherwise exist, provided that we have the consent of both parties.

5 (d) If, whether through a change in circumstances or otherwise, we find that we have agreed to provide services to you in circumstances which give, or could give, rise to a conflict of interest we will discuss with you how to deal with the conflict and may, be obliged to stop providing Services to you and/or to all other clients affected by the Conflict of Interest. 30. Professional Indemnity Insurance: Our policy of Insurance is available for inspection at our Registered Office. Terms of Engagement We/I confirm that the: Sellers Property Information Form Sellers Leasehold Information Form (if applicable) Fixtures Fittings and Contents Form Transaction Information Form Source of Funds Form 31. Data Protection: We use the information you provide primarily for the provision of legal services to you and for related purposes including: updating and enhancing client records, analysis to help us manage our practice, statutory returns, legal and regulatory compliance. Our use of that information is subject to your instructions, the Data Protection Act 1998 and our duty of confidentiality. Please note that our work for you may require us to give information to third parties such as expert witnesses and other professional advisers. You have a right of access under Data Protection legislation to the personal data that we hold about you. We may from time to time send you information which we think might be of interest to you. If you do not wish to receive that information please notify our office in writing. 32. Financial Services Compensation Scheme: In the event of a banking failure it is unlikely that we would be held liable for any losses of client account money. If a corporate body client is not considered a small company by FSCS, then they will not be eligible for compensation. We currently hold our client account funds in The Yorkshire Bank PLC. The 85,000 Financial Services Compensation Scheme (FSCS) limit will apply to each individual client so if you hold other personal monies yourself in the same bank as our client account, the limit remains 85,000 in total, so it may be advisable to check with your own bank as some banks now trade under different trading names. In the event of a bank failure you agree to us disclosing details to the FSCS. 33. Equal Treatment / Equality and Diversity: Consistent with our internal policies and procedures, we will not discriminate in the way we provide our Services on the grounds of age, disability, gender re-assignment, marriage and civil partnerships, pregnancy and maternity, race (including colour, nationality [including citizenship] ethnic or national origins), religion or belief, sex, sexual orientation. 34. Settlement Figures: If applicable, we authorise and instruct JS Law to obtain a redemption statement/settlement figure from our lenders/mortgagees, as detailed in the Client Instruction Form which we have completed and returned to you. Have been completed by us/me to the best of our/my knowledge and belief. We/I sign these Terms of Engagement in substitution of signing the aforesaid documents, and we/i acknowledge and confirm that our/my signature to these Terms of Engagement is equivalent to us/me actually signing the said documents. In addition, by us/me signing these Terms of Engagement, we/i authorise and instruct JS Law to act as our/my Agent and submit the SDLT Form to the Inland Revenue upon our/my behalf. JS Law Limited Venari House, 1 Trimbush Way, Market Harborough, Leicestershire. LE16 7XY Tel: Fax: enquires@js-law.co.uk Co Reg No JS Law is regulated by the Council for Licensed Conveyancers to provide conveyancing services. By signing the duplicate of the Terms of Engagement, we/i authorise and instruct JS Law to act on our/my behalf and confirm that we/i have fully read and understood the Terms contained herein. 35. Advisors: As J S Law are unaware of all your personal circumstances/requirements, we are unable to provide any type of advice relating to any organisation you appoint to assist you with your transaction ie estate agent, broker. By proceeding with your transaction, you acknowledge that any organisation you appoint to assist you with your transaction, has been done so after careful consideration by you of all your personal circumstances/requirements. We authorise JS Law to settle our estate agency/broker fees out of the proceeds of sale on completion, and in the event that we instruct you to pay less than the full amount invoiced by the estate agent/broker for any reason, we authorise JS Law to inform the estate agent/broker prior to completion of the amount JS Law are instructed to pay. Name: Signed: Name: Date: 36. Information Provided Electronically: Signed: Date:

6 Terms and Conditions Please note that this Legal Cost Estimate must be read in conjunction with your Property Lawyers terms and conditions of instruction. We will endeavour to keep the legal costs associated with your transaction to a minimum at all times. The following narrative contains information in relation to potential additional costs and disbursements that may be levied by your Lawyer throughout the course of your transaction. Additional Payments: (if applicable) E Conveyancing We use the very latest technology to make the conveyancing process as efficient as possible. Our technology enables us to eliminate repetitive tasks, electronically request official information such as searches, Energy Performance Certificates etc. and complete and submit Stamp Duty returns online. Each matter will attract a fee. As part of this service you are able to track the progress of your transaction online 24/7. The progress of each of your files is updated automatically as we work on them, and you can check their status any time, day or night. We will also send you SMS and updates as key milestones are reached, so you are kept up to date as and when things happen. Bank Telegraphic Transfer Fee Bank charges will be levied in relation to each bank electronic transfer that is made in relation to your transaction. Property Searches (purchase only) The requirement for property searches will vary in accordance with the location of your property and your need for mortgage finance. All mortgage lenders will insist upon a Local Authority search and other recommended searches being undertaken. A basic search pack includes a Local Authority, Water & Drainage, Environmental, Flood, Plan and HS2 Searches. You will need to discuss Conveyancing searches with your Conveyancer throughout the course of your property transaction. We would strongly recommend that you allow for a full set of searches to be undertaken in relation to your property transaction. Plan Search (purchase only) A Plan Search provides essential planning and flooding information. The Plan Search supports the homebuyer in making an informed decision by supplying quality information for the property and surrounding area and provides peace of mind by helping to reveal any potential surprises around the corner, for example: Plans to construct Telecommunications mast The opening of a local nightclub The development of a supermarket or a factory nearby, ruining the current view from the property Coal Mining Search (purchase only) A Coal Mining Search is carried out by the Coal Authority and is required by mortgage lenders where the property is in an area where there is either current or historical coal mining activity. The search will reveal for example, whether such activity is nearby, whether there may still be any ground movement and whether any claims in this regard have been made to the Coal Authority in respect of the property. Chancel Repair Insurance (purchase only) Chancel Repair liability is an ancient interest benefiting many churches in England and Wales, potentially allowing the church to require owners of former rectoral land to meet the cost of repairing the church chancel. We would strongly recommend that you take up the benefit of this search to ensure that there is no liability attached to the property you are purchasing. Flooding Search (purchase only) Currently 2.2 Million homes in the UK are classed as being at flooding risk (equal to 1 in 10 homes). The Flooding Search is a risk screening report designed to provide an overview of whether a property lies within an area of potential or previous flood risk. The data takes into account flood defences and historic claims. Living in a high risk flood area may decrease the value of your property and affect your insurance premiums. HS2 Search (purchase only) The proposed high speed rail link (HS2) from London through Birmingham to Manchester and Leeds will have an impact on properties which fall in or near its path. This search will tell you how far away and in which direction the proposed line lies in relation to the property. Electronic Identification Fee We are required by law and current legislation to carry out certain due diligence and enquiries in accordance with Money Laundering Regulations. An additional charge will be charged for each relevant name. This includes an Electronic Identification fee. SDLT Transaction Return Fee (purchase only) A Stamp Duty Land Tax Return will need to be completed and submitted to Her Majesty's Revenue and Customs together with any Land Tax that is payable. This is a complex document and to avoid financial penalties we advise that your Property Lawyer completes the same on your behalf and submits it to you for signature. Lawyer Checker (purchase only) Increasingly, fraudsters are creating fake law firms with the intention of stealing the purchase monies. JS Law takes this risk seriously and will undertake security checks against the sellers lawyer. A charge will be made for this service. No Move No Fee Guarantee Our clients enjoy the benefit of the No Sale No Fee Guarantee which provides peace of mind that no Legal Costs will be levied should your transaction not proceed to complete. The fee for this guarantee is charged per transaction. Note; Disbursements will be charged at the normal rate. Supplemental Fees: (if applicable) Shared Ownership: To take account of the complexities and additional work required for a Shared Ownership transaction an additional charge will be charged. Leasehold Transaction Fee Leasehold transactions are invariably more complicated due to the fact that it is necessary for your Property Lawyer to liaise with the Landlord / Managing Agents and to scrutinise complex leasehold title documentation. An additional charge will be levied in this event. Your Landlord / Managing Agent may also make an administrative charge for providing information in relation to the property. We will endeavour to provide you with full details in respect of any administrative charges or Notice Fees that may be levied by your Landlord / Managing Agent as soon as this information is available. Mortgage Lender Redemption Fee (sale only) If we are required to redeem a mortgage or secured loan against your property on behalf of your mortgage lender a charge will be made for dealing with the discharge. Buildings Insurance Admin Fee (purchase only) If you are arranging your own buildings insurance independent of your mortgage lender then we will make a charge to cover the extra administration costs. Lenders Legal Fee (purchase only) If you are obtaining a mortgage to assist you with the purchase of your property and your lender instructs us to act on their behalf a fee will be charged in accordance with the estimate indicated by your lender in your mortgage offer subject to a minimum fee. Unregistered Transactions This Legal Costs Estimate has been provided on the assumption that the property has been registered at the Land Registry. The vast majority of properties in England & Wales have now been registered at the Land Registry. Should it transpire that the property has not been registered at the Land Registry and is currently unregistered; an additional fee will be charged for deducing title to the property in this respect and effecting compulsory registration at the Land Registry if required. Archive Charge We are required to retain files for all completed transactions for up to twelve years. A charge will be made as a contribution towards the archiving costs. Indemnity Insurance Arrangement Fee Should it be necessary to arrange for an indemnity insurance policy, a charge will be applied. Professional Indemnity Insurance Contribution JS Law are entitled to apply a charge towards the cost of professional indemnity insurance for each transaction. Cybercrime avoidance Taking steps to protect your property from being fraudulently sold or mortgaged. Please note: some calls to and from JS Law are recorded