Residential Property - Sale

Price Information

Our fees cover the entire conveyancing process* as outlined below in the key stages.

*our fee assumes that:

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
The transaction is concluded in a timely manner and no unforeseen complications 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

Our fees

Legal fee* price ranges from £950 – £2500 + VAT for properties up to £1,000,000
Properties over £1,000,000 to £2,000,000 prices start from £2500 plus VAT
Money transfer administration fee £25 + VAT per same day payment

Please also see ‘other fees’ below

VAT is charged at 20%

Key Stages

Taking your instructions and give you initial advice
Send contract documents to Buyer Solicitors
Send enquiries to you raised by Buyer Solicitors
Respond to enquiries raised by Buyer Solicitors
Send final contract to you for signature
Agree completion date
Exchange contracts and notify you that it has happened
Complete sale
Send any completion monies to you

Disbursements**

Land Registry fees range from £20.00 to £1,105.00 depending on the value of the transaction.
AML Identity Checks approximately £10.00 plus VAT per person
Leasehold management pack (leasehold only) Approx. £50 – £400

*Legal fee – This is based on the price you are selling at. Please contact us and we will be able to confirm the amount.

**Disbursements (these do not form part of our legal fees) – These disbursements are costs related to your matter that are payable to third parties, such as Land Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process. VAT may apply to disbursements

Leaseholds

If the property you are selling is a leasehold, we will charge a supplemental fee of £400 plus VAT to cover the additional work involved. A leasehold management pack will also be required. This is provided by the management company; we will be able to advise costs once we have contacted them.

Other fees

If it transpires that the property is a listed building, unregistered, shared ownership, tenanted or involves a Management Company, there will be additional fees of £400 plus VAT in relation to each issue.

Please also note, if you are selling as a company or trust, or we are instructed to deal with a third-party solicitor, fees of £400 plus VAT will apply. There will be an additional fee of £500 plus VAT if the property you are purchasing is a new build. If the property involves a transfer of part an additional fee of £600 plus VAT will be payable.

If there is more than one mortgage, debt or restriction registered against the property, there will be additional fees of £300 plus VAT. In addition to the above, a legal fee of £150 plus VAT will apply if your buyer requests a Key Undertaking. If we are required to alter the title to your property, please note that there will be an additional fee of £250 plus VAT.

Please also see the fee table below:

Auction Sale - to prepare pack

Fee: £950 VAT: £190 Total: £1,140

Auction Sale - to complete

Fee: £500 VAT: £100 Total: £600

Re-Mortgage and/or Transfer of Equity

Fee: £750 VAT: £150 Total: £900

Assent or Voluntary First Registration

Fee: £750 VAT: £150 Total: £900

Equity Release, Private Loan or Overage Agreement

Fee: £1,500 VAT: £300 Total: £1,800

Bridging Loan or Adverse Possession Application

Fee: £2,500 VAT: £500 Total: £3,000

Declaration of Trust / Statutory Declaration

Fee: £395 VAT: £79 Total: £474

Referral Fees

If you are referred to us by an introducer e.g. estate agent, financial adviser we may be paying them a referral fee, we will provide you with details of the arrangements and the fee we pay in the client care information that we send you at the start of the transaction.

Timescales

We anticipate that a transaction of this type will take approximately 12 weeks.

If you require any further information, please contact the Head of Conveyancing, Shazad Butt.

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Solicitor qualifications/experience – click here