Sale of a Residential Property
Our fees cover all of the work required to complete the sale of the Property. This will include the preparation of contracts, proving title, dealing with enquiries raised by the buyer, exchanging contracts, completing the matter, repaying any mortgages and accounting to you.
Legal Fees Assumptions
Our legal fees assume that:
- Any specific transaction 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
- If leasehold, this is the assignment of an existing lease and is not the grant of a new lease
- 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
- You take the advice of other professionals if this proves advisable or necessary
Conveyancer's Fees and Disbursements
The fees are likely to be in the range of £675 to £4,000 plus VAT (£810 to £4,800 with VAT). However, there may be circumstances where your matter is more complex and we will discuss with you if our costs will be higher.
Bank transfer administration fee to repay a mortgage or on the transfer of funds out by CHAPS transfer: £30 plus VAT (£36 with VAT)
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. These are likely to include:
- HM Land Registry fees for copy title and title documents. The average fee is around £11 plus VAT (£13.20 with VAT)
- Land Charges Registry bankruptcy search fees: £4 plus VAT (£4.80 with VAT)
- There may be other fees, such as estate agents fees, to be paid
What is not Included
- If the property is Leasehold then there will be an additional charge eqivalent to 20% of the base fee plus VAT. There may be ground rent and/or service charges to be apportioned on completion
- If an indemnity policy is required and it is a bespoke policy there will be an additional charge of £50 plus VAT (£60 with VAT) per policy plus the cost of the indemnity policy. It is impossible to give an estimate of these premiums as they vary from a few pounds to several hundred pounds. It is usual for the seller to pay
- If the title is unregistered (in whole or in part) then there will be an additional charge of £150 plus VAT (£180 with VAT). There would likely be some reduction in HM Land Registry fees but higher Land Charges Search fees to pay
- If a fee is payable to a Landlord or management company either for the provision of information (this varies but is frequently between £100 and £400 and may incur VAT which would take the total payable to £120 to £480 with VAT), or sometimes a capital payment is required which is usually based on a percentage of the sale price. These fees are normally payable in advance
- If the property you are selling is a transfer of part of registered or unregistered Title there will be an additional fee of £200 plus VAT (£240 with VAT)
- If for any reason we need to prepare a Statutory Declaration due to any problem with the deeds there will be an additional fee in the region of £100 - £200 plus VAT (£120 - £240 with VAT)
- If you have a Help to Buy loan which we will need to discharged there will be an additional fee of £100 plus VAT (£120 with VAT) per mortgage loan
How Long will my House Sale Take?
How long it will take from you accepting an offer until you need to vacate will depend on a number of factors, most of which will be outside our control. 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 selling to a cash buyer and are able to give vacant possession on demand, it could take four – six weeks. If there is a chain of transactions however, it will take as long as the slowest transaction in the chain.
If you are selling a leasehold property you will need to supply certain forms and information usually provided by the landlord or management company and that can take significantly longer, depending on how efficient they are at providing the information.
Stages of the Process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below is an example of what is typically involved:
- Take your instructions and give you initial advice
- Carry out ID and Anti-Money Laundering checks
- Contact lender's solicitors if they are separately represented. Although this would be rare as we are Conveyancing Quality Scheme accredited and so are on the panels of most lenders
- Deduce title to the property
- Prepare contract documents
- Reply to any necessary enquiries raised by the buyer’s solicitor and approve draft transfer
- Obtaining figures for repayment of any mortgage(s)
- Send final contract to you for signature or attending you to sign
- Agree completion date (date from which you must have vacated the property)
- Account to you
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be paid to any lender and you
- Complete sale
- Serve any required notices
- Report to you as to proceeds of sale
Find out more about the individuals who may be working on your case via the links below. Their profiles will include information as to their experience and qualifications.
Abigail Huband associate CILEX practitioner
Angela Price, residential conveyancing support
Emma Jones, solicitor
Emma Lewis, legal executive
Gemma Williams, solicitor
Heloise Jones, residential conveyancing support
Janette Johnston, senior conveyancing assistant
Karen Bell, senior conveyancing assistant
Kaylee Evans, legal support assistant
Liz Ashford, legal assistant
Leanne Jones, trainee solicitor
Lisa Isherwood, legal secretary
Melanie Brider-Birch, legal support assistant
Nicola Simmons, legal assistant
Ruth Edwards, solicitor and team leader
Sara Harris, legal support assistant
Shelley Hyde-Catton, legal support assistant
Stephanie Gore, legal support assistant
Tim Treherne, partner
Vicky Clishem, solicitor
Our Property Solicitors work to the highest standards and know the local marketplace inside out.
For more information about our services in your area follow the links below.
Conveyancing Solicitors in Telford
Conveyancing Solicitors in Shrewsbury
Conveyancing Solicitors in Bromyard
Conveyancing Solicitors in Conwy
Conveyancing Solicitors in Hereford
Conveyancing Solicitors in Ludlow
Conveyancing Solicitors in Oswestry
There is no commitment or charge for our initial assessment, so please contact a member of the team or complete our online enquiry form on the right-hand side of this page.