Residential Sale Pricing
Thank you for looking at our property services. Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling a property. We will guide you through each step of the transaction and tailor our service to your personal requirements, so you get exactly the service you need.
When it comes to selling a property, there are important decisions you need to make and we are here to ensure that all your legal obligations are met. We want to assist you in selling your house quickly and efficiently, leaving you free to move on to your next property.
We have an experienced team who understand the stresses involved in selling property. Our approach is simple, we provide a first-class service from our expert team who make the difference by taking care of all the important legal details and removing any confusion and uncertainty from the process of selling a property.
Whether you are selling your property through an estate agent or privately, we will make everything as clear as possible. Our team are made up of highly experienced Lawyers who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner.
We also recognise that communication is key, especially where there are complex issues to deal with, so will ensure you are always kept up-to-date and receive answers to your questions in plain English.
We want you to feel confident that you are a priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We know property is often the biggest investment you have, so we want to offer a reliable, first-class service to protect that investment, while giving you value for money with no hidden fees.
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.
The fees involved in any transaction are important and we review our fees on a regular basis, considering client’s feedback to ensure we always offer good value for money. We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction.
If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fees are set out as:
Our fees cover all the work required to complete the sale of your current home and are based on the value of the property. We estimate that for most freehold residential sales our fees will be between £620 and £3,000. These costs are subject to VAT at the prevailing rate.
Estimated sale price: £200,000
|Telegraphic Transfer Admin Fee||£25||£5||£30|
|Mortgage Administration Fee (if applicable)||£100||£20||£120|
Disbursements are costs related to your matter which are payable to third parties, such as Land Registry fees. We handle the payment of disbursements on your behalf to ensure a smoother process.
These fees may be subject to change if further information is required.
Standard disbursements include
Land Registry fees for copies of the title and plan – £6 each plus VAT
(In the above example, a registered property – £7.20)
Consumer Bank Checker (if applicable) – £2.50 plus VAT
(In the above example – £3.00)
Electronic Transfer Fee – £16.00 plus VAT
(in the above example – £19.20)
Total Disbursements in the above example: £29.40
Grand Total for the above example: £1193.40
We do not undertake tax advice.
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 discover that building reputation approval or planning permission has not been obtained for work to the property
- If you require exchange of contracts within 4 weeks of instructing us
- If the property has a private road for access or private drainage
In the current climate it is more difficult than ever to provide a timescale for the completion of your matter. Pre Covid-19 we were working on a timescale in the region of ten to twelve weeks from acceptance of an offer, but the process is taking longer for all involved in the property sector including surveyors, banks and local authorities. We will progress your matter as efficiently as practicable but please be aware that matters are taking longer to reach completion than they have traditionally.
In Addition, the timescales are subject to change depending on other factors involved, such as:
- Number of parties in the chain
- Whether the buyer has a mortgage in place
- Whether the buyer requests lease extension for a leasehold property
- Whether the searches flag up any issues
- Whether buyer’s Survey shows up any issues
- Buyer’s Enquiries
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.
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 based on the information you have provided
- Drafting contracts of sale and any other necessary documents and reviewing these with you
- Sending the contacts of sale to the buyer’s solicitor and dealing with any enquires they have
- Providing advice on all documents and information received
- Finalising the contract and if feasible attending you on signing the same
- 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
- Redeeming any mortgages charged against the property