Real Estate & Construction

Fast, responsive, commercial advice on all types of real estate matters with extraordinary commitment.

Find out how we can help

"They are all very client-focused, knowledgeable and approachable. They work together as a very strong team of partners.”

Chambers and Partners UK, A Clients Guide to the UK Legal Profession, 2018

Real Estate has been at the core of Kingsley Napley’s business since 1937.  The team provide specialist advice on real estate and construction matters but remain focused on their clients' objectives. They take a commercial approach to transactions to ensure that their clients’ commercial aims and risk profiles are achievable.

The team are listed in the legal directories and are noted for “commitment to getting transactions completed in the most expeditious and advantageous way possible for our clients” and for being “extremely responsive and commercial”.  For a snapshot of some of the transactions that our clients are  able to disclose, please see our Recent Transactions page.

We act for a variety of clients including developers, entrepreneurs, high net worth individuals, celebrities,  banks, investors, landlords and tenants across commercial property transactions, development projects and high value residential sales and purchases (Please see our deals sheet for more information.)No two property transactions are the same.  The aim of the parties is to ‘get the deal done’ but at the right price with the right risk profile.  The team here at Kingsley Napley are able to guide clients through the process and problem solve.  We provide robust advice.  We take a proactive and creative approach to finding solutions when required.

We understand that the stakes and associated pressure on a transaction can be very high, in such situations you need considered strategic and tactical advice, often within a tight deadline.  Getting the best deal for you is our priority, whether that means negotiating a saving or acting quickly with pragmatic commercially focused advice to secure your site.

We get under the skin of each individual transaction and our advice focuses on finding pragmatic solutions to complex transactions with the overriding aim of doing everything possible to achieve the right result for our client.

On occasion, you may require expertise from other practice areas of our firm, these include company and commercial, dispute resolution, private client, and our immigration team.

Our Fees

Most of our services are offered on an hourly rate basis and as many of our clients’ matters are complex and often involve multiple parties, there is rarely a typical case. Our clients are given an estimate of costs after our initial meeting or as part of the engagement process. There are some areas where we are able to be more indicative and, as in accordance with the Solicitors Regulation Authority (SRA) guidance on price transparency, we have published our price and service information where it is possible to be upfront about charges without knowing all the details of the matter.

Real Estate has been at the core of Kingsley Napley’s business since 1937.  The Real Estate team advises on the sale and purchase of a whole range of residential property in all parts of the country.  Our aim is to ensure the matter proceeds as quickly and smoothly as possible.

We have particular experience of dealing with substantial London houses and apartments (including new build property).

We are ranked at Tier 3 in the Legal 500 for residential property and band 4 in the Chambers High Net Worth Guide.

We have 9 members of the team who may work on your matter.  Any Associate working on your matter will be supervised by a Partner in the Real Estate department.

The key personnel in the Real Estate department are:

Purchase of a freehold or leasehold residential property

Our fee covers all the work required to complete the purchase of your property, including advising you on any funding from your bank, dealing with registration at the Land Registry and dealing with payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Conveyancer’s fees and disbursements:

We base our fees for standard purchases on the following scaled rates:

  • minimum fee capped at £1,000
  • up to £250,000 0.6% of the purchase price
  • up to £500,000 0.5% of the purchase price
  • up to £1,000,000 0.4% of the purchase price
  • up to £2,000,000 0.35% of the purchase price
  • up to £3,000,000 0.3% of the purchase price
  • up to £5,000,000 0.25% of the purchase price
  • in excess of £5,000,000 fee to be agreed

The above does not apply to the purchase of new build houses and apartments, for which our scaled rates are:

  • minimum fee capped at £1,500
  • up to £250,000 0.7% of the purchase price
  • up to £500,000 0.6% of the purchase price
  • up to £1,000,000 0.5% of the purchase price
  • up to £2,000,000 0.4% of the purchase price
  • up to £3,000,000 0.35 % of the purchase price
  • up to £5,000,000 0.3% of the purchase price
  • in excess of £5,000,000 fee to be agreed

Our fees are exclusive of Value Added Tax (currently 20%) and disbursements.

Tax advice

Our fee does not include tax advice, other than in connection with the payment of SDLT except where specialist advice is required due to the nature of the property (e.g the property is mixed use or a multiple dwelling). If you do require tax advice on how to structure your purchase we have a tax consultant who can provide advice.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • HM Land Registry fee: The cost will be between £20 to £910.  These fees vary and are based on the purchase price of the property.  We can give you an accurate figure once we know the purchase price of the property.
  • Search fees: The cost will be between £350 to £700.   These fees vary due to where the property is located (for instance the local authority fees are different for each local authority and we may need to do a specific search for your property due to its location). We can give you an accurate figure once we have sight of your specific documents and know the location of your property
  • VAT at 20% on search fees
  • Electronic money transfer fee: £10 plus VAT (£12 total) for each same day CHAPS and £3 plus VAT (£3.60 total) for a three day BACS
  • VAT at 20%

If you are buying a leasehold property there are certain disbursements which will be set out in the individual lease relating to the Property. The additional leasehold 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. 

Anticipated Disbursements*

  • Notice of Transfer fee: This fee if chargeable is set out in the lease. Often the fee is between £50- £150.
  • Notice of Charge fee: (if the property is to be mortgaged) This fee is set out in the lease. Often the fee is between £50 and £150.
  • Deed of Covenant fee: This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £150 and £300.
  • Certificate of Compliance fee: To be confirmed upon receipt of the lease, as can range between £50 – £150.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty Land Tax

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.

Stages of a purchase

The precise stages involved in the purchase of a residential freehold and leasehold property vary according to the circumstances. The stages involved for buying a freehold or leasehold property and our scope of work includes:

  • Taking your instructions and giving you initial advice
  • Checking finances are in place to fund purchase and contact lender's solicitors if needed
  • Negotiating and agreeing the sale and purchase agreement
  • Submitting searches in relation to the Property, reviewing the search results and raising additional enquiries where relevant
  • Reviewing the seller’s title pack to the Property comprising title information, tenancy documentation and planning information
  • Obtaining further planning documentation if required
  • Reviewing the standard enquiries provided by the buyer and raising additional enquiries where relevant
  • Preparing a report on all the documents and information received
  • Going through the conditions of any mortgage offer
  • Sending you the final contract for signature
  • Drafting, negotiating and agreeing the form of transfer to the buyer
  • Advising you on joint ownership
  • Obtaining pre-completion searches
  • Agreeing the completion date (the date from which you own the property)
  • Exchanging contracts and notifying you that this has happened
  • Arranging for all monies needed to be received from lender and you
  • Completing the purchase
  • Dealing with the post completion formalities including:
    • with input and authority from you, preparing and submitting the stamp duty land tax return and the stamp duty land tax due to HM Revenue & Customs
    • submitting the Land Registry application in relation to the purchase of the property
    • Arranging to serve a notice of assignment or a notice of charge on the landlord or managing agent

How long will my purchase take?

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 6-12 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 4 weeks to exchange. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 3 months to exchange. In such, a situation additional charges would apply.

Sale of a freehold or leasehold property

Our fee covers all the work required to complete the sale of your property, including repaying any loan to a bank.

Conveyancer’s fees and disbursements:

We base our fees for standard sales on the following scaled rates:

  • minimum fee capped at £1,000
  • up to £250,000 0.6% of the purchase price
  • up to £500,000 0.5% of the purchase price
  • up to £1,000,000 0.4% of the purchase price
  • up to £2,000,000 0.35% of the purchase price
  • up to £3,000,000 0.3% of the purchase price
  • up to £5,000,000 0.25% of the purchase price
  • in excess of £5,000,000 fee to be agreed

Our fees are exclusive of Value Added Tax (currently 20%) and disbursements.

Disbursements are costs related to your matter that are payable to third parties, such as landlord’s fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • HM Land Registry fee: The cost will be between £3 to £12.  These fees vary on what documents we need to obtain from the Land Registry.  We can give you an accurate figure once we know the purchase price.
  • Planning and building regulation copy documentation: The cost will be between £10 to £75.  These fees vary depending on each local authority.  We can give you an accurate figure once we know what we need to obtain.
  • Electronic money transfer fee: £10 plus VAT (£12 total) for each same day CHAPS and £3 plus VAT (£3.60 total) for a three day BACS
  • VAT at 20%

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. 

  • Management pack:  This fee is provided by the landlord or management company for the property and can be difficult to estimate.  Often it is between £250 and £500.
  • Licence to assign fee:  This fee is provided by the landlord or management company for the property and can be difficult to estimate.  Often it is between £500 and £750.
  • Deed of Covenant fee: This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £150 and £300.

Stages of a sale

The precise stages involved in the sale of a residential freehold and leasehold property vary according to the circumstances. The stages for selling a freehold or leasehold property and our scope of work includes:

  • Taking your instructions and give you initial advice
  • Preparing a sales pack comprising title information, tenancy documentation, planning information and standard replies to enquiries (with your input)
  • Drafting, negotiating and agreeing the sale and purchase agreement
  • Negotiating and agreeing the form of transfer to the buyer
  • Dealing with additional enquiries raised by the buyer’s solicitors and preparing replies to those enquiries with your input
  • Send final contract to you for signature
  • Advising you on the terms of the sale
  • Agreeing a completion date (date from which you will sell the property)
  • Exchange contracts and notify you that this has happened
  • Completing the purchase
  • Repaying any bank loan, agents fees and sending you the net proceeds of sale

Mortgages or re-mortgages:

Our fee covers all the work required to complete the mortgage or re-mortgage of your property, including advising you on any funding from your bank and dealing with registration at the Land Registry.

Conveyancer’s fees and disbursements:

We base our fees for mortgages or re-mortgages on the following scaled rates:

  • minimum fee capped at £1,000
  • up to £250,000 0.6% of the purchase price
  • up to £500,000 0.5% of the purchase price
  • up to £1,000,000 0.4% of the purchase price
  • up to £2,000,000 0.35% of the purchase price
  • up to £3,000,000 0.3% of the purchase price
  • up to £5,000,000 0.25% of the purchase price
  • in excess of £5,000,000 fee to be agreed

Our fees are exclusive of Value Added Tax (currently 20%) and disbursements.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • HM Land Registry fee: The cost will be between £20 to £910.  These fees vary and are based on the mortgage.  We can give you an accurate figure once we know the purchase price of the property.
  • Search fees: The cost will be between £350 to £700.   These fees vary due to where the property is located and what the bank requires (for instance the local authority fees are different for each local authority and we may need to do a specific search for your property due to its location). We can give you an accurate figure once we have sight of your specific documents and know the location of your property.
  • VAT at 20% on search fees
  • Electronic money transfer fee: £10 plus VAT (£12 total) for each same day CHAPS and £3 plus VAT (£3.60 total) for a three day BACS
  • VAT at 20%

If you are mortgaging or re-mortgaging a leasehold property there are certain disbursements which will be set out in the individual lease relating to the Property. The additional leasehold 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. 

Anticipated Disbursements*

  • Management pack:  This fee is provided by the landlord or management company for the property and can be difficult to estimate.  Often it is between £250 and £500.
  • Notice of Charge fee: (if the property is to be mortgaged) This fee is set out in the lease. Often the fee is between £50 and £150.
  • Certificate of Compliance fee: To be confirmed upon receipt of the lease, as can range between £50 – £150.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

Stages of a mortgage or re-mortgage

The precise stages involved in the mortgage or re-mortgage of a residential freehold and leasehold property vary according to the circumstances. Our scope of work and stages involved for the mortgage or re-mortgage of a freehold or leasehold property includes:

  • Taking your instructions and giving you initial advice
  • Checking finances are in place to fund purchase and contact lender's solicitors if needed
  • Submitting searches in relation to the Property, reviewing the search results and raising additional enquiries where relevant
  • Obtaining further planning documentation if required
  • Preparing a to the bank
  • Going through the conditions of any mortgage offer
  • Sending you the mortgage documents for signature
  • Obtaining pre-completion searches
  • Agreeing the completion date (the date from which the mortgage or re-mortgage)
  • Arranging for all monies needed to be received from lender and you
  • Completing the mortgage or re-mortgage
  • Dealing with the post completion formalities including:
    • submitting the Land Registry application in relation to the purchase of the property
    • Arranging to serve a notice of charge on the landlord or managing agent

How long will my mortgage or re-mortgage take?

How long it will take from your mortgage offer being accepted until we complete the mortgage will depend on a number of factors. The average process takes between 4 - 8 weeks. It can be quicker or slower, depending on the banks requirements.

All our fee estimates make the following assumptions:

  • We act on the basis of our scope of work which will reflect the agreed heads of terms for the sale, and the transaction does not change materially from these heads;
  • We draft or comment on all documents which directly concern the transaction, but we would need to charge separately for any additional documents;
  • If a particular issue is identified during the transaction which requires more detailed input in order to be resolved satisfactorily, then this would be quoted for separately;
  • If the title to the property is particularly complex or if there are superior titles or other interests in the property which we were not anticipating to have to review then we would need to charge separately for those additional elements;
  • We will quote separately if you require any form of construction advice;
  • The transaction is concluded in a timely manner and no unforeseen complication arise;
  • All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  • No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  • That any relevant building regulation(s) or planning permission(s) have been obtained for any works at the property;
  • That when we request crucial documents from you, you have provided them to us; and
  • That specialist SDLT advice is not required.

 

"I always enjoy working with them, they are just easy to deal with.
It's a nice good team of people" 

Chambers and Partners HNW Guide, A Client's Guide to the UK's Leading Solicitors, 2018

"Their commerciality is excellent, their service and availability are good and their individual lawyers punch above their weight" 

Chambers and Partners High Net Worth , A Client's Guide to the UK's Leading Solicitors, 2018

"They are just easy to deal with. It's a nice, good team of people." Another source states that "they are all very client-focused, knowledgeable and approachable."

Chambers and Partners HNW 2018

"approachable" and "friendly"

Chambers and Partners HNW 2018

 

"I always enjoy working with them"

Chambers and Partners HNW 2018

"Proficient in a broad range of commercial and residential property matters, with significant recent activity in portfolio acquisition work. Wider strengths include representing corporate property occupiers, acting on subsales and handling real estate financing work." 

Chambers 2017, a client's guide to the UK legal profession

"Extremely responsive and commercial’, Kingsley Napley LLP’s client base is largely entrepreneurial, comprising investors, traders and developers."

Legal 500 UK

Services

Asset Management of Commercial Property

We assist a number of clients with the day to day asset management of their portfolios, including grant of leases and reviewing heads of terms.

Construction and Engineering

We specialise in providing transactional construction and engineering advice from project inception through to completion, as well as dispute avoidance advice.

Development and Site Assembly

We act for developers from small scale residential conversion projects to large scale regeneration projects with all of the associated construction elements.

Landlord and Tenant

Our established Real Estate team has acted for landlords and tenants for many years, building up considerable knowledge in this area.

Property Investment

We deal with high value transactions for businesses including portfolio acquisitions and disposals across all sectors ranging from commercial, industrial, office, residential, leisure and retail use.

Recent Transactions

Read more about our recent transactions undertaken by the team including construction, commercial and residential property.

Residential Real Estate

We regularly advise high net worth individuals and celebrities on the same of a wide range of residential property in all parts of the country, including advice on borrowing and lease extensions.

Real Estate Finance

If you are looking for direct investment into your project or a tax efficient market vehicle, we know money makes the real estate world go round.

Real Estate Litigation

Owners, occupiers, investors or developers might encounter property issues relating to anything from a lease or contract dispute to potential fraud.

Real Estate & Construction Insights

View all

Blogs

Re-setting the calculation - One small step towards leasehold reformation

The NeverEnding (Lease) Story: how poor drafting can create a 2000 year mistake

“Creating empowered and responsible duty holders” | Applying the CDM Regulations to HRRBs

Top tips for Sellers

Don’t delay: contracting out of the prevention principle

Brexit: "It was not this that I promised to do"

The Hackitt report - what next?

Talkin’ ‘bout a (Retail) Revolution

Property regulation - Important changes to HMO legislation

The Only Way Is Up

Non-Disclosure Agreements – preventing media intrusion when finding your home

The basics of Build to Rent

The Law Commission to look to reform Right to Manage legislation

Minimum three year residential tenancy – disaster for landlords?

“A principled outcomes-based approached with a clear model of risk ownership”

Japanese knotweed: what to do and what knot to do

Dreamvar: innovate to survive

Professional appointments on construction projects: Make sure to include clear termination provisions

Tenant Fees Bill: What does it mean for tenants?

Selling your premises to your pension fund – having your cake and eating it

Property Fraud after Dreamvar v Mishcon De Reya

Break no Mistake

Negligence claims against the NHS pose a property conundrum

Indexed Rent Reviews – are we getting them right?

Revisiting Res Judicata

Tips for tenants on keeping pets and pawtential for change?

Chelsea FC call on 12th man in rights to light dispute

Land Registry release data on overseas companies for no cost

Retentions: Carillion should mark the beginning of the end

Renewing a commercial lease under the Landlord and Tenant Act 1954 – Don’t forget to re(in)state the position

Smart Solutions for Later Living - The Way Forward?

Protect your Property: 3 Simple Steps

Budget 2017 - Stamp Duty Land Tax "abolished" for first time buyers

Is it RIP for the RPI?

Beware the complexities of overage

Separate Representation and ‘reluctant lenders’ – know how to get the result you need!

Lights, Camera, Legal Action - Are Verbally Agreed Heads of Terms of a Filming Location Agreement Binding?

Preparing for the results of the Consultation on ‘Leasehold’ Houses

Lessees beware - Insurance proceeds are not enough!

Unclear contract terms – sign up to them at your peril

Bridging loan over troubled water? Tips for a quicker and easier refinance

Property owners are still using corporate envelopes - will they be demotiv-ATED by increased charges and inheritance tax?

At a loss about the 2016 changes to the JCT Design and Build Contract?

The Life and Soul of the Party Wall Act - top tips on how to maintain a good relationship with your neighbours

Are you a “responsible” host? Airbnb enforces 90 night annual limit for London hosts

What if Brexit really means Brexit for construction?

Check your lease before you list for Airbnb – a warning of the pitfalls of leasehold covenants

Immigration Act 2016: Government tackling illegal migration or passing the buck?

Who is liable for the acts of a fraudulent vendor?

Where your heads are at (Where your heads are at) …

Government publishes guidance on changes to tax relief for residential landlords

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+44 (0)20 7814 1200

enquiries@kingsleynapley.co.uk

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