Conveyancer’s fees and Disbursements
Property Value – £0.00 to £250,000.00
Our Fees – £595.00
VAT 20% – £119.00
Total – £714.00
Property Value – £250,001.00 to £350,000.00
Our Fees – £695.00
VAT 20% – £139.00
Total – £834.00
Property Value – £350,000.00 to £500,000.00
Our Fees – £845.00
VAT 20% – £169.00
Total – £1,014.00
Property Value – £500,001.00 to £999,999.00
Our Fees – Fees range from £950 – £1,200.00 requiring assessment
VAT 20% – £190.00 – £240.00
Total – £1,140.00 – £1,440.00
Property Value – £1 Million and above
Our Fees – Costs charged on a time spent basis plus 0.1% fixed fee applied in the event of completion
Additional Legal fees
- Leasehold Staircasing on sale: £450 (plus VAT)
- Leasehold Supplement fee: £275 (plus VAT)
- Electronic money transfer fee: £50 (plus VAT)
- International Money Transfer fee: £100 (plus VAT)
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. Those involved in your Sale will include the following:
- Office Copies (Title Deeds if Registered):
Title Register: £3 plus VAT per title
Title Plan: £3 plus VAT per plan
Additional Title Documents and copy Lease: £6 plus VAT per document
- SIM Search (if land is unregistered): £4 plus VAT
- Land Charges Search (if land is unregistered): £2 plus VAT per individual
Anticipated Disbursements for Leasehold Residential Property
Leasehold properties bring their own additional costs along with them which cannot be avoided. It will not matter who you employ as your lawyers, these fees are charged by others for information or permissions you may need to buy.
- Transfer or Contingency Fees – To be confirmed upon receipt of the Lease but is usually 1% of the Sale Price (if payable).
- Management/Leasehold Sale Packs – This fee is provided by the Management Company or Freeholder and can be difficult to estimate. It can range between £50 and £500.
These fees 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 the specific documents.
How long will my house sale take?
How long it will take from you accepting an offer until you can move will depend on a number of factors. The average process takes between 8-12 weeks.
Stages of the Process (Sale)
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
- Take your instructions and give you initial advice
- Prepare and advise on contract documents
- Deal with any necessary enquiries raised by the purchaser’s solicitor
- Give you advice on all documents
- Obtain Mortgage Redemption Figure (if applicable)
- Send final contract to you for signature
- Approve Transfer
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Complete sale
Our fees assume 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
- this is the sale of an existing lease and is not the grant of a new lease
- the transaction is concluded in a timely manner and no unforeseen complication 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.
Our conveyancing department consists of two qualified solicitors, two conveyancing practitioners, a trainee solicitor and a Trainee CILEX. The Team is supervised by Dale Shimwell, Director. For more information, contact us on 01524 402050 or email us at [email protected].
If you would like a full quote, please click on the link below to access our conveyancing calculator.