Sale Fixed Price Guide

Our Fixed Price Legal Fees are based on Property Value

Description	Value/Amount of Property (£)	Freehold Property Fixed Price Legal Fees	Leasehold Property Fixed Price Legal Fees
Sale	Up To £150,000	£795.00 + VAT	£895.00 + VAT
Sale	£150,001 To £250,000	£895.00 + VAT	£995.00 + VAT
Sale	£250,001 To £350,000	£950.00 + VAT	£1050.00 + VAT
Sale	£350,001 To £500,000	£1200.00 + VAT	£1300.00 + VAT
Sale	£500,001 To £750,000	£1300.00 + VAT	£1400.00 + VAT
Sale Over	£750,001 To 1 million	£1600.00 + VAT	£1700.00 + VAT

 

VAT charged at 20%

Our Fixed Price Legal fees set out above cover all of the work required to complete the sale of your property including obtaining mortgage settlement figures (if applicable) and liaising with your Estate Agents but additional fees and disbursements maybe incurred depending on the type of property. These can include:

 

Additional Legal Fees – Sale of Property

Leasehold Flat/Apartment £100.00 + vat (£120.00 inclusive of vat)
ID Check - £12.50 + vat (£15.00 inclusive of vat)
Electronic Money Transfer Fee - £30.00 + vat (£36.00 inclusive of vat)

 

Disbursements

Land Registry Searches Freehold Property (estimated) - £6.00 + vat (£7.20 inclusive of vat)
Land Registry Searches Leasehold Property (estimated) - £15.00 + vat (£18.00 inclusive of vat)
Bankruptcy Searches (per person) - £2.00 + vat (£2.40 inclusive of vat)

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry searches. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Estimated Total (Freehold Sale under £150,000) £1014.60
Estimated Total (Leasehold Property under £150,000) £1145.40

 

Other Charges

If the sale property is leasehold, there maybe are certain additional disbursements depending on the term of the lease. This may include obtaining a copy of your leasehold/management pack for replies to standard enquiries and supporting documentation from the landlord or its agents. We will update you on the specific fees upon receipt and review of the lease and enquiries raised by your purchasers’ solicitors.

 

Timescales

How long it will take from you accepting an offer until the property is sold will depend on a number of factors. The average process takes between 8 – 12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if your sale is a cash buyer, you are not purchasing another property or you are not involved in a chain with multiple other purchasers and sellers, it could be quicker. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation additional charges may apply. We will update you on the specific charges upon receipt and review of the lease.

The precise stages involved in the sale of a residential property vary according to the circumstances. However, here are some key stages in the process:

• Take your instructions and give you initial advice
• Obtain title deeds
• Obtain further planning documentation if required
• Draft contract pack
• Advise you in respect of completing the protocol forms
• Deal with any necessary enquiries of buyer's solicitor
• Give you advice on all documents and information received
• Obtain a redemption figure if there is a mortgage charge on the property
• Send final contract to you for signature
• Approved transfer deed and send to you for signature
• Agree completion date (date from which you sell the property)
• Exchange contracts and notify you that this has happened
• Complete the sale
• Pay off any existing mortgages and estate agent fees if applicable
• Assist the buyer’s Solicitors with any requisitions raised by HM Land Registry during the registration process

Our fixed fee legal fees assumes that:

1. 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
2. this is the assignment of an existing lease and is not the grant of a new lease
3. the transaction is concluded in a timely manner and no unforeseen complication arise
4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

If you would like a personal quote, please click on the “Get a Quote” link and we will contact you to obtain further details of your specific purchase transaction to provide a detailed individual quote.