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CONVEYANCING COSTS – FREEHOLD PROPERTY SALE

PLEASE NOTE THAT THESE PRICES ARE OUR BASIC STANDARD COSTS WHERE CLIENTS HAVE RETAINED THE FIRM VIA A DIRECT APPROACH. CLIENTS SHOULD BE AWARE THAT THE FIRM HOLDS THIRD PARTY CONTRACT AGREEMENTS IN RESPECT OF INTRODUCTIONS WHICH WILL AFFECT OUR PRICING. THESE COSTS WILL BE MADE AVAILABLE TO YOU VIA THE RESPECTIVE THIRD PARTY.

 

 Freehold Property Sale Costs

Sale of a Freehold Residential Property

Our fees cover all of the work* required to complete the sale of your property.
Conveyancer’s fees and disbursements
We suggest discussing your case with us as each case is different and therefore the costs indicated below may be lower or higher than the broad estimates. We may be able to be more specific as to costs.
Our process for the sale of a freehold residential property with an approximate value of £150,000.00 would typically be as follows:
Breakdown of our charges:- Our Legal Fee Plus vat (at 20%)
Our Legal Fees on sale £500.00 £100.00
Our Admin charge for electronic payments £21.50 £4.30
Professional Charges Subtotal: £521.50 plus vat of £114.30 = £625.80
An additional Professional Charge of typically £150.00-£350.00 plus vat at 20% will be payable for a leasehold property of similar value.
Disbursements
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.
Anticipated disbursements:- Disbursement Plus VAT at 20% (if applicable)
HM Land Registry office copies (£7.00 per office copy) £14.00 £2.80
CHAPS transfer fee £18.00 £3.60
Anti-Money Laundering Check fee £18.98 N/a
Disbursements Subtotal: £50.98 plus vat of £6.40 = £57.38
Summary breakdown
Professional Charges                      £ 625.80
Disbursements                                   £57.38
Total                                                 £683.18
An example of some factors which typically might increase the cost of our services are as follows:
• If the legal title is unregistered
• If the legal title is defective
• If we are required to comply with a title restriction
• If the transaction involves a transfer of part or the grant of a new lease
• If the property is subject to a rent charge
• If the property is sold subject to tenants
• If you are redeeming a Help to Buy or equity loan
• If we are required to deal with a Management Company
• If you are selling through an auction or tight deadlines to complete are required
We would recommend that you contact us to discuss your transaction further should you have any queries.
What’s not included in our charges:
We do not provide tax or financial advice, and our advice is limited to the conveyancing procedure only.
We cannot advise upon or express any opinion as to the commercial merits of the transaction or the value of the property.
Who will handle the transaction?
The work will be carried out by a member of the Conveyancing team. They will be available throughout the transaction to answer any queries and to keep you updated on the progress of the transaction.

Our Residential Conveyancing Team
Name Role Hourly Rate
Leo Johnston  Partner and Solicitor £250.00
Kirsty Hudson  Cilex – Member and Paralegal £200.00
All rates are excluding VAT at 20%

 

Timescales – Freehold Sale

The average process takes between 6-12 weeks however this depends on a number of factors (many of which are outside of our control) such as the length of the property chain and any associated complex issues. The timescales can differ again if you are a first time buyer with a mortgage in principle, buying a New Build property, in which case it can take between 5 – 8 weeks to exchange and then 3 – 6 months until the purchase completes. However if the property is a leasehold property, then this may require a leasehold extension or the purchasing of the Freehold title, in which case it can take significantly longer.

If your transaction is a re mortgage then this can take around 3 – 8 weeks.