Sale of a freehold residential property
Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (SDLT) if the property is in England, or Land Transaction Tax (LTT) if the property you wish to buy is in Wales. We are members of the Law Society Conveyancing Quality Scheme (CQS) and carry out the legal work in accordance with the Law Society Conveyancing Protocol. [link to Protocol?]
- Legal fees for acting on your behalf £600.00 – £1,500.00 + vat
- Legal fees for dealing with redemption of your mortgage £150.00 – £300.00 + vat
- Electronic money transfer fee £50.00 – £100.00 + vat
- ID and AML check fee £25.00 – £50.00 + vat per person
- Postage fee £25.00 + vat
- VAT payable £170.00 – £395.00
- Estimated total fees (including VAT): £1,020.00 – £2,370.00
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Land Registry fees
We have to provide the buyer’s solicitor with up to date official copies of the registers of title, title plan and any other title documents. You can see the Land Registry fee for these by visiting the following website [link]
Estimated total £15.00
How long will my house sale take?
How long it will take from you accepting an offer being until you have to move out of your house will depend on a number of factors. The average process takes between 10-12 weeks.
It can be quicker or slower, depending on the number of parties in the chain. For example, if you are selling to a first time buyer with a mortgage in principle and not buying another property, it could take 4-6 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 4 and 6 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have listed some key stages:
- Take your instructions by getting you to complete Protocol forms and give you initial advice
- Check your identity and proof of address
- Obtain a preliminary redemption figure to check that the sale price exceeds the outstanding mortgage
- Obtain office copy entries from the Land Registry
- Draft contract documents and submit these to the buyer’s solicitor
- Take your instructions on any enquiries raised by the buyer’s solicitor
- Reply to enquires raised by the buyer’s solicitor
- Arrange for you to sign the final contract
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Approve the Transfer
- Arrange for you to execute the Transfer
- Obtain your bank details for transmission of proceeds of sale
- Complete sale
- Deal with redemption of your mortgage
- Pay the estate agents commission account
- Transfer net proceeds of sale to your account
The fee quoted above assumes that:
- Your matter 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 exchange or the preparation of additional documents ancillary to the main transaction
- Your matter is the assignment of an existing lease and is not the grant of a new lease
- Your transaction is concluded in a timely manner and that 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 fees and disbursements may apply if indemnity policies are required. Our fee for arranging an indemnity policy is between £75.00 – £150.00 plus vat. This is in addition to the premium payable to the insurance company for the policy.
We are a large firm with many offices in different locations. We have been specialising in residential conveyancing for over 40 years. We offer a personal service and in most cases you will be dealing with a single partner, solicitor or conveyancer throughout the transaction. The fees quoted can vary depending on which office location you are using and the level of experience of the person acting for you. For information about the members of our team please go to the About Us section of our website.