Our fees set out below cover all of the work reasonably required to complete the sale of your owner occupied home at a price below £500,000.00 and to redeem your mortgage, if you have one.
Our fees and disbursements
- Legal fee £1075.00 plus VAT
- Customer Due Diligence fee (CDD fee) £15 plus VAT per client
- Electronic money transfer fee £35.00 (each) plus VAT
- File archiving fee £10.00 plus VAT
- Land Registry search fee of £7.00 plus VAT per document
- VAT payable £188.20 (will vary depending on CDD fees)
Estimated total: £1350.20
If you have more than one mortgage and / or any other legal charge or restriction registered against the property, our charges will be higher and a tailored estimate will be provided on request.
If your sale price is between £500,001.00 and £750,000.00, we will generally charge an additional fee of £150 including VAT. If your sale price is between £750,001.00 and £1,000,000.00, we will generally charge an additional fee of £225.00 including VAT.
If your sale price is above £1 million, our charges will be higher and a tailored estimate will be provided on request.
If your matter is dealt with by a partner in the firm, or a senior associate an uplift of at least 25% will generally apply to our estimated fees.
Our estimate assumes that :
- You co-operate in promptly providing instructions and documents we may request from you and that a reasonable level of contact takes place between us (we define reasonable contact as our spending no more than one hour dealing with your telephone calls, emails and letters over the course of your transaction)
- We can easily confirm your identity
- There are no linked transactions
- The property is not in London
- The legal title of the property you are selling is not defective and no part of the property comprises unregistered land
- Any necessary building regulations or planning permissions are in place
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.
If your sale does not complete, we reserve the right to charge you a percentage of our estimated legal fee for the work we have undertaken. You are referred to the stages of the process below. We will charge you up to 25%, on opening your file and beginning correspondence, 25% to 50% if we have prepared or received contract papers and have started to deal with enquiries, 50% to 75%, if we have completed all enquiries and the matter is otherwise ready for exchange of contracts, 75% to 100%, if contracts have been exchanged. Please note that if any search or money transfer fees have become due or disbursements paid out, they will be payable in full.
In some instances, there may be additional fees payable to those quoted which will very much depend on your own individual transaction. A list of the more common issues arising and fixed fees for in dealing with them can be found here
How long will my house sale take?
How long it will take from your accepting an offer on your property until your sale completes will depend on a number of factors. The average process takes between 6-12 weeks.
It can be quicker or slower, depending on whether your sale is part of a chain. For example, if your buyer has nothing to sell and is purchasing with without a mortgage, it could take less than 4 weeks. However, if you are selling a leasehold property that requires for example an extension of the lease, this can take significantly longer, possibly between 3 and 6 months. In such, a situation additional charges would also apply.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, we set out below the key stages of the conveyancing process:
- Take your instructions, provide initial advice and send you our client care pack
- Confirm your identity
- Draft and send your buyer contract documents
- Respond to any enquiries from your buyer’s solicitor
- Give you advice on all documents and information requested
- Obtain a redemption figure from your lender if you have a mortgage
- Send the final contract to you for signature
- Agree completion date (date from which your buyer will own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from buyer
- Complete the sale
- Redeem any mortgage or charge and account to you for any net proceeds of sale
A profile of all of our residential conveyancing staff is available on this website via the links below :