Leasehold Residential Sale Pricing
Thank you for looking at our property services. We are here to assist you in selling your residential property quickly and efficiently, leaving you free to move on to your next property. We will guide you through each step of the transaction, keep you up-to-date with relevant information so that you can make informed decisions, and offer a service that fits your exact requirements. We want you to have complete confidence that every detail has been properly taken care of.
Our experienced team have the legal and technical expertise to resolve issues as they arise, in a professional and efficient manner, while making sure everything you need to know is explained as clearly as possible. They will take care of the important legal details and remove any confusion and uncertainty from the process. We understand that communication is key, so a member of the team will be available to speak with you when you need clarity or reassurance at any stage in the process, and ensure you are kept up-to-date. We want you to feel assured that your matter is being handled effectively and is given sufficient priority.
We are proud to hold Lexcel and CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.
Our aim is to provide a quality service at a fair price. We typically work on a fixed fee basis, ensuring that you know what the fees will be for your transaction from the outset. If, during the transaction, there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fee structure, on a straightforward leasehold residential sale, is: -
|Property Value||Our Fees||VAT||Total|
|£0 - £200,000||£750.00||£150.00||£900.00|
|£200,001 - £300,000||£845.00||£169.00||£1,014.00|
|£300,001 - £450,000||£940.00||£188.00||£1,128.00|
|£450,001 - £600,000||£1,035.00||£207.00||£1,242.00|
|£600,001 - £750,000||£1,130.00||£226.00||£1,356.00|
|£750,001 - £1,000,000||£1,400.00||£280.00||£1,680.00|
|£1,000,001 - £1,500,000||£1,805.00||£361.00||£2,166.00|
|£1,500,001 - £2,000,000||£2,250.00||£450.00||£2,700.00|
For properties valued in excess of £2million, please contact us for a quotation.
Our fee assumes that your matter is a standard transaction with no unforeseen complexities that require the preparation of additional documents ancillary to the main transaction, and that all parties are co-operative enabling the matter to be concluded in a timely manner.
The fees shown only relate to properties situated in the UK.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of disbursements on your behalf to ensure a smoother process.
The usual disbursements (subject to VAT where stated) associated with your sale will include: -
|Office Copy Entries & Title Plan||£6.00|
|Anti-Money Laundering Search||£6.00 (inc. VAT) per name|
|Telegraphic Transfer fee||£48.00 (inc. VAT)|
There may be two sets of TT Fees:
- Redeem mortgage (if applicable)
- Remit sale proceeds to you
When we pay monies from our client account on your behalf, by electronic transfer (known as a telegraphic transfer(TT)), we charge £40 plus VAT (£48) per payment.
In addition, it is likely we will need to obtain a Managing Agents pack on your behalf. The charge can vary depending on the Managing Agent or Freeholder, and we will update you on the amount once known.
We do not undertake tax advice.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include: -
- If a legal title is defective or part of the property is unregistered;
- If crucial documents, we have previously requested from you, have not been provided to us;
- If you require your transaction to be expedited;
- If you require simultaneous exchange and completion
For any transaction the timescales are subject to change depending on various factors, such as: -
- Number of parties in the chain;
- Whether the buyer has a mortgage in place;
- Whether the buyers’ searches or survey reveal any issues;
- Buyers’ enquiries;
A typical transaction will take between 8 and 12 weeks. However, if any of the above apply or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.
Stages of the Process
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows: -
- Taking your instructions and giving initial advice;
- Ensuring finances are in place for the buyer to fund the purchase;
- Drafting contracts of sale and associated documents and reviewing those with you;
- Sending contacts to the buyer’s solicitor and dealing with any enquires they raise;
- Advising on all documentation/information received;
- Finalising the contract and sending to you for signature;
- Agreeing a completion date (the date from which the buyer will legally own the property);
- Exchanging contracts and notifying you that this has happened;
- Completing the sale;
Our team has a great depth of collective experience in delivering high quality work in all property-related transactions. We have three members of the Conveyancing team (whose profiles you can view on our website), and all of whom will be supervised by Tracey Smith, the Managing Partner.
|David Johncock||Consultant Solicitor and Head of Conveyancing|
|Amanda Rose||Senior Conveyancer|
|Sarah Curtis||Consultant Solicitor|