conveyancing solicitors cork

CONVEYANCING SERVICES

BUYING OR SELLING A HOUSE OR COMMERCIAL PROPERTY / MIXED PROPERTY

Buying or selling a home is probably one of the biggest financial transactions you’ll ever make. It can be a stressful time
and there are many pitfalls for the unwary. So it is important to involve us at the earliest possible moment, especially since
the fee for the conveyancing work usually includes preliminary advice.

notary public solicitor cork

There are two types of property registration in Ireland, firstly there is the historical Registry of Deeds which deals with the Registration of Documents and not the registration of title dealt with by those documents. The property is referred to as unregistered and title can often be complex dating back to previous centuries in some cases. The second and more up to date system is where the property is registered in the Property Registration Authority.The fundamental difference between the two is that with the former it is the title itself that is registered and the property is known as Registered Property. From the 1st June 2011 all property must be registered in the Land Registry after a sale is complete and prior to the next time the same property is sold.

Fees are charged according to the complexities of the work involved and time spent on your case. VAT is chargeable on a professional fee at the rate of 23%.

OUTLAYS ARE COSTS ASSOCIATED WITH YOUR TRANSACTION WE WILL NEED TO PAY TO THIRD PARTIES ON YOUR BEHALF.

LIKELY OUTLAY COULD BE AS FOLLOWS

  • Stamp Duty on Residential Property - 1% up to Purchase price of €1m and 2% on non-residential property;
  • Closing Searches;
  • Commissioners for Oaths;
  • Property Registration Authority (Land Registry) fees;
  • First Registration;
  • Mortgage Registration;
  • Local Property Tax Apportionment;
  • Engineer's Survey Costs;
  • Fee for Receipt of title documents.
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