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Sale of a freehold residential property
Our fees cover all of the work required to complete the sale of your new home.
Conveyancer's fees and disbursements
- Legal fee for property up to £1m - £995 plus VAT to £1250 plus VAT depending on complexity
- Legal fee for property over £1m - 0.2% plus VAT
- Electronic money transfer fee £40 plus VAT
- VAT payable 20%
Disbursements are costs related to your transaction 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. Disbursements are not included in our fee ranges, however, these typically include:
- HM Land Registry fee £6
- VAT only payable where shown
Our fee assumes that
- This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in 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 co-operative and there is no unreasonable delay from third parties providing documentation
- No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
Sale Overview
Stage 1:
Initial Instructions from you
We will send you an estimate of the legal costs and disbursements as well as providing various property forms for you to complete and return. We will request that you provide copies of your ID documents and pay a sum of monies on account for disbursements. Once we have received your completed forms, ID documents and funds on account we can commence the legal work. You should contact your estate agent to let them have our details and they will issue a memorandum of sale accordingly.
Stage 2:
Draft Contract
Once we are fully instructed, we will obtain up to date copies of the Land Registry entries (if the property is registered) and prepare the first draft of the contract for approval by the buyer’s solicitor. We will also request initial redemption statements from your mortgage lenders (if any).
Stage 3:
Additional Enquiries
After the draft contract has been issued, the buyer’s solicitor will apply for searches and review the documents. If they have any queries about the contract, property forms and searches they will contact us. It may be necessary to refer some of the enquiries requiring personal knowledge of the property. This stage can take approximately 1 to 3 weeks depending on how long the searches take and how quickly we receive your replies to enquiries.
Stage 4:
Reporting to you before exchange
Once the buyer’s solicitor has approved the legal documents we will report to you with the documents for signing and returning ahead of exchange.
Stage 5:
Exchange of contracts
When we have received your signed documents, we can agree a completion date with the chain and carry out the exchange of contracts when the completion date becomes legally binding. We advise that you do not make any firm arrangements for completion until exchange of contracts has taken place.
Stage 6:
Completion
The buyer’s solicitor sends us the completion monies and you are required to vacate the property (usually by 1pm) and leave all keys with the estate agent. We will redeem any outstanding mortgages and settle all fees from the sale on your behalf. We will send the balance of the net proceeds of sale to your nominated bank account in accordance with the completion statement we send you shortly after exchange.
Sale Overview PDF
