Sale of a freehold residential property
Our fees cover all of the work required to complete the sale of your home.
Our fees
- Legal fee
| Sale Price | Our Costs |
|---|---|
| £0.00 - £350,000 | £800.00 plus £160.00 VAT |
| £350,001 - £500,000 | £850.00 plus £170.00 VAT |
| £500,001 - £600,000 | £1250.00 plus £250.00 VAT |
| £600,001 - £750,000 | £1500.00 plus £300.00 VAT |
| Over £750,001 | 0.05% of purchase price plus VAT |
- Protocol Forms Fee (inclusive of VAT) £24.00
- Electronic money transfer fee £35.00 + VAT
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry office copy fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. This list is not exhaustive and other disbursements may apply depending on the nature of the property and the transaction.
| Disbursement | Cost |
|---|---|
| Office Copies | £6.00 |
| I.D. and Money Laundering Check | £N/A (per person) - as long as you are able to attend the office with your original ID. |
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages:
- Obtain the Title Deeds and checking them thoroughly;
- Prepare the draft Contract;
- Deduce title either by way of Epitome or by obtaining Office Copies of your Title from the Land Registry;
- Provide assistance, if necessary, in completing the Seller’s Information and Fixtures and Fittings forms;
- Deal with pre-contract enquiries raised by the buyer;
- Secure your signature to the Contract and Transfer Deed;
- Obtain redemption figures and instructions on the discharge of a Mortgage affecting the property;
- Provide you with a completion statement;
- Ensure all monies due are received on the completion date;
- Deliver the Transfer Deed and other documents to the Buyer;
- Attend to the discharge of your Mortgage and Estate Agents’ invoice (if any); and
- Communicate with you on the day of completion with regard to the handing over of keys.
How long will my house sale take?
The average process takes between 8-12 weeks.
* 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.
Disclaimer
There may be unforeseen variables that could increase the cost of a transaction. Such as (but not limited to), purchase of unregistered Land, Shared ownership, additional charges to redeem and redemption of an equity Help to Buy. Furthermore, non-standard titles which require further investigation and resolution could incur further costs. It is our belief that you should always contact our office to obtain a specific quote for your transaction from an experienced member of our team.
Please be aware that depending on the circumstances and title of your property there could be additional disbursements, which we had not anticipated. In such circumstances, we will update you on any likely additional disbursements.
We reserve the right to increase our costs should the matter become more protracted or complicated than we initially anticipated. If we anticipate that our Costs will exceed the amount estimated at the outset, we will let you know before increasing the same.
We shall require necessary ID documentation to open a file and progress the matter.
