Thank you for your interest in our conveyancing services for the sale of your property.
Our fees cover all of the normal work required to complete the sale of your new home, including obtaining documents from the Land Registry and repaying your mortgage.
Freehold Sale Fees
|
Cost
£
|
VAT
£
|
Sub-Total
£
|
Our fees based on the property value:-
|
|
|
|
£0 - £500,000
|
1,300.00
|
260.00
|
1,560.00
|
£500,001 - £650,000
|
1,850.00
|
370.00
|
2,220.00
|
£650,001 - £750,000
|
2,150.00
|
430.00
|
2,580.00
|
£750,000+
|
0.5% of the Property Value
|
VAT @ 20% of the fees
|
-
|
Our fees for redeeming your mortgage where you have a mortgage
|
75.00
|
15.00
|
90.00
|
Money transfer administration fee to pay you the proceeds of sale
|
25.00
|
5.00
|
30.00
|
Money transfer administration fee to repay your mortgage (if any)
|
25.00
|
5.00
|
30.00
|
HM Land Registry office copy documents (estimated three documents)
|
22.00
|
4.40
|
26.40
|
Estimated total *
|
1,347.00 to 2,297.00
|
269.40 to 459.40
|
1,616.40 to 2,756.40
|
Leasehold Sale Fees
|
Cost
£
|
VAT
£
|
Sub-Total
£
|
Our fees based on the property value:-
|
|
|
|
£0 - £500,000
|
1,600.00
|
320.00
|
1,920.00
|
£500,001 - £650,000
|
2,150.00
|
430.00
|
2,580.00
|
£650,001 - £750,000
|
2,450.00
|
490.00
|
2,940.00
|
£750,000+
|
0.6% of the Property Value
|
VAT @ 20% of the fees
|
-
|
Our fees for redeeming your mortgage where you have a mortgage
|
75.00
|
15.00
|
90.00
|
Money transfer administration fee to pay you the proceeds of sale
|
25.00
|
5.00
|
30.00
|
Money transfer administration fee to repay your mortgage (if any)
|
25.00
|
5.00
|
30.00
|
HM Land Registry office copy documents (estimated five documents)
|
36.66
|
7.34
|
44.00
|
Estimated total *
|
1,661.66 to 2,611.66
|
332.34 to 522.34
|
1,994.00 to 3,134.00
|
* Maximum estimates do not include properties over £750,000
Leasehold (or freehold service charges/land charges)
If the property is leasehold (or the property is subject to freehold service/land charges) you may have to pay additional fees to the landlord or land charges owner, estimates of these charges are set out below but they do vary. We usually obtain details of these from the freehold owner or land charge owner as early as possible so we can provide you with more specific figures:
• Replies to Leasehold Property Enquiries (or Freehold Management Enquires). Although fees vary it is often £350 + VAT @ 20% to £650 + VAT @ 20%.
• Any arrears of rent / service charge / land charge payment will need to be paid.
How long will my house sale take?
How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. Each sale is different and depends on all parties and ancillary matters including if there is a chain. The average process takes between 6 to 16 weeks to completion.
It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer, and your property is empty and the buyer has a mortgage in principle, it could take 6 to 8 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer say 16 weeks or more. In such, a situation additional charges would apply.
Exclusions - Is there anything excluded from the above fees?
Our fee estimates are based on a normal sale of a property so do not include unforeseen or non-standard matters such as:
• If the transaction is an urgent transaction with short timescales
• Issues with the title deeds
• If you are selling a new build property or a property that have been built within the last 10 years
• If you are selling part of your property (known as a transfer of part)
• If your property is not registered with the land registry
• If there are planning or building control issues or the documents need to be obtained
• If there are missing documents or missing deeds
• If indemnity policies are needed
• The redemption of non-standard mortgages (such as bridging loans, lifetime mortgages/equity releases or mortgages where the lender instructs a separate firm of solicitors for redemption)
• Shared ownership properties or sales of right to buy properties within their clawback period.
• A sale at auction
This is not intended to be an exhaustive list.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances and therefore the below is not an exhaustive list. However below the key stages in a normal sale:
• Take your instructions and give you initial advice
• Obtain your identification
• Receive and advise on the property information forms and contract
• Obtain initial mortgage redemption figures (if applicable)
• Submit the contract paperwork
• Enquire with the freeholder (if leasehold) and any rent charge holder (if applicable)
• Reply (with your input) to enquiries of buyer's solicitor
• Send final contract to you for signature
• Agree completion date (date from which you have sold the property) which needs to be agreed with the buyer and anyone else in the chain.
• Exchange contracts
• Obtain the final mortgage redemption figures (if applicable)
• Complete your sale
• Deal with repayment of your mortgage
• Pay you the net proceeds of sale (if any)
Our Property Lawyers and their experience:
Simon Finn
Merryn Macnamara
Kevin Craner
Marion Townsend