Our typical prices for dealing with the sale of a freehold or leasehold residential property are as follows:
|Sale price up to £500,000||Sale price over £500,000|
|Our Charges||£745 - £1,005||£899 - £1,500|
|VAT at 20%||£149 - £201||£179.80 - £300|
|Total for Our Charges||£894 - £1,206||£1,078.80 - £1,800|
The figures quoted above assume a straightforward transaction. The simplest purchase of freehold properties will attract the lowest fees. Because of the additional work required when dealing with lease issues with Freeholders and Managing Agents, the price for dealing with a leasehold property will be at the higher end of each range.
Due to Government regulations, we must confirm the identity of all our clients. Where possible we use an on-line service for this, the cost of which is currently £4.60 including VAT for each individual client and £15.60 including VAT for a company. There are additional charges for overseas clients and in certain other circumstances; full details will be given if these apply.
“Disbursements” are expenses related to your transaction which are payable to third parties, such as Land Registry Fees. These will be the same regardless of which legal firm handles your matter. We arrange payment of these expenses on your behalf.
If the Title to your property is registered at HM Land Registry there will be a fee payable to them to obtain an official copy of the register. The present fee is £7.20 including VAT.
If the property is Leasehold, we will need to obtain an information pack from your managing agents to forward to your purchaser. The cost will vary depending on the Managing Agent or Freeholder and can only be determined during the transaction, but will typically range between £150 and £350 including VAT.
Also for Leasehold properties there are likely to be Notice Fees, Ground Rent and Management Charges to be paid on completion. Similarly these costs will only be determined during the transaction, but can range between £100 and £500 including VAT where applicable.
The precise stages involved in sale of a residential property vary according to the circumstances however the following is a guide to the key stages involved:
The average time for a transaction to complete is between 6 and 8 weeks however it can take more or less time depending for example on the number of other parties in the chain. For leasehold properties a time of 8 to 12 weeks is to be expected. However, due to the current weight of conveyancing work and delays due to Covid-19 that are outside of our control, we cannot guarantee completion of your sale prior to the end of the Stamp Duty Land Tax holiday on 30th September 2021. In cases that become unusually complex then a timescale of 3 to 4 months or even longer would not be uncommon. In such situations additional charges may apply, examples of which include (but are not limited to):
We will always inform you if any unforeseen additional work becomes necessary and detail its estimated cost in writing before any extra charges or expenses are incurred.
Our Conveyancing Team consists of qualified Solicitors (with between 3 and 12 years experience), an Associate Member of CILEx (with 10 years experience) and a Conveyancing Technician (with over 5 years experience). The team is supervised by Neil Anderton who qualified as a Solicitor in 1989.