Sale of a freehold / leasehold property

Our Fees

HM Land Registry Fees

These fees usually relate to the purchase of electronic copies of your title documents, the average cost of which is usually £6.00 for the official copies and plan.

Electronic Money Transfer Fee

£17.00 for each transfer. Typically there are two or three transfers, one to redeem any mortgage, one if there is a related purchase to send purchase monies and one to send the sale proceeds balance to you.

Disbursements

Disbursements ae 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.

How long will my house sale take?

How long it will take from the offer on your house being accepted until you receive the monies will depend on a number of factors. The average process takes between 4 and 10 weeks.

Much depends on the other parties in the chain, e.g. if your buyers are obtaining a new mortgage and whether they are also reliant upon a sale. We will try and give you an accurate estimate of time once we have further information from your buyers’ Solicitors

* Please note that all the fees above assume that:

• This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect on title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
• The transaction is concluded in a timely manner and no unforeseen complications arise;
• All parties to the transaction are cooperative and there is no unreasonable delay from third parties providing documentation;
• No indemnity policies are required. Additional disbursements may apply if indemnity polices are required.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below are some key stages that normally apply:

• Take your instructions and give you initial advice
• Receive confirmation and details of the sale from your Estate Agent, if applicable
• Draft the contract documents and send initial sale documentation to you to complete, including the Property Information and Fittings & Contents Form
• Sending the contract documentation to the Buyers Solicitors
• Reviewing and replying to enquiries raised by your Buyers Solicitors
• Obtaining a Mortgage repayment figure, if applicable and upon Completion repaying your Mortgage
• Give you advice on all documents and information received/prepared
• Review the final contract for you to sign
• Agree completion date (date when you will sell the property)
• Exchange contracts and notify you that this has happened
• Complete the Sale
• Arrange for balance of any sale proceeds to be paid to you upon Completion and pay any necessary disbursements, such as Estate Agent Fees etc

Our Fees

HM Land Registry Fees

These fees usually relate to the purchase of electronic copies of your title documents, the average cost of which is usually £6.00 for the official copies and plan.

Electronic Money Transfer Fee

£17.00 for each transfer. Typically, there are two or three transfers, one to redeem any mortgage, one if there is a related purchase to send purchase monies and one to send the sale proceeds balance to you.

Disbursements

Disbursements ae 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.

We will update you on the specific fees upon receipt and review of the Lease and further communications from the landlord and/or management company.

How long will my house sale take?

How long it will take from the offer on your house being accepted until you receive the monies will depend on a number of factors. The average process takes between 4 and 10 weeks.

Much depends on the other parties in the chain, e.g. if your buyers are obtaining a new mortgage and whether they are also reliant upon a sale. We will try and give you an accurate estimate of time once we have further information from your buyers’ Solicitors

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below are some key stages that normally apply:

• Take your instructions and give you initial advice
• Receive confirmation and details of the sale from your Estate Agent, if applicable
• Draft the contract documents and send initial sale documentation to you to complete, including the Property Information and Fittings & Contents Form
• Sending the contract documentation to the Buyers Solicitors
• Reviewing and replying to enquiries raised by your Buyers Solicitors
• Obtaining a Mortgage repayment figure, if applicable and upon Completion repaying your Mortgage
• Give you advice on all documents and information received/prepared
• Review the final contract for you to sign
• Agree completion date (date when you will sell the property)
• Exchange contracts and notify you that this has happened
• Complete the Sale
• Arrange for balance of any sale proceeds to be paid to you upon Completion and pay any necessary disbursements, such as Estate Agent Fees etc

Anticipated disbursements for a sale of a leasehold property

Consent to Assign – This fee is chargeable if set out in the Lease. Often the fee is between £25 and £100 plus VAT.

These fees can vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents and had communications with the landlord and/or management company.

* Please note that all the fees above assume that:

• This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect on title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction;
• 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 complications arise;
• All parties to the transaction are cooperative and there is no unreasonable delay from third parties providing documentation;
• No indemnity policies are required. Additional disbursements may apply if indemnity polices are required.