No two sales are exactly the same and there are many factors that will impact how we handle the transaction and our fees. For example, a flat takes much longer to deal with than a semi-detached house. Other examples are whether or not the title to the property is unregistered, if the building is listed, if the title is defective or if the lease term is short and needs to be extended.
We will give you an estimate that is tailored to you and your sale and this gives you a much better idea of the cost.
As a guide our fees range from £1,000 (plus VAT) for a simple and straight- forward sale of a freehold house or £1,200 (plus VAT) for a leasehold flat. Depending on the nature of the transaction, our fees could be higher, up to £2,000 (plus VAT) if there are complexities. If the property has a very high value or is a large estate, you can expect to pay more.
These are the expenses you can expect to have to pay:
|£6 – Land Registry (title and plan)||£6 – Land Registry (title and plan)|
|£3 – Land Registry (each copy document)||£3 – Land Registry (each copy document)|
|£400 – approximately for management information|
The list of expenses is not exhaustive and other expenses may be payable depending on factors that arise during the sale.
The conveyancing process that our work covers is:
Our fee is based on certain assumptions and on the basis that:
Each transaction is unique and it’s hard to say with certainty how long it will take especially where there are a number of sellers and buyers in a chain.
As a guide most freehold sales take between 4 – 6 weeks from us sending the contract pack to the buyer’s solicitors to exchange of contracts. In the case of a leasehold purchase, a guide is 6 – 8 weeks from us sending the contract pack to the buyer’s solicitors to exchange. It could take less time or much longer and we cannot control the time as we are dependent on third parties.
We endeavour to keep you up-dated as the sale progresses.
Most completions dates are one week after exchange of contracts but again, it could be longer but are not often shorter.
It’s important to know! We have a highly regarded team of solicitors, trainee legal executives and paralegals who collectively have many years of experience. We aim to provide you with clear and practical advice throughout and to work to your timescale wherever possible.
We offer existing and returning clients a 5% discount on our fees and fees for associated work.
If you would like to find out more or would like to instruct us or have any queries, please get in touch firstname.lastname@example.org or call one of our offices.