Freehold Sale Fees
Sale Of A Freehold Residential Property
Our fees cover all the work required to complete the sale of your property, including dealing with the redemption of any mortgages or charges registered against the property, liaising with estate agents and sending out any monies due to you as quickly as possible. VAT will be payable on our fees and some disbursements, currently 20%, and we will clearly confirm which disbursements carry VAT in our formal quotation or as we advise you to incur them.
Our Fees
| Sale Price | Our Fees | VAT | Total |
| Up to £200,000 | £1,100.00 | £220.00 | £1,320.00 |
| £200,001 to £250,000 | £1,150.00 | £230.00 | £1,380.00 |
| £250,001 to £300,000 | £1,200.00 | £240.00 | £1,440.00 |
| £300,001 to £400,000 | £1,300.00 | £260.00 | £1,560.00 |
| £400,001 to £500,000 | £1,400.00 | £280.00 | £1,680.00 |
| £500,001 to £600,000 | £1,500.00 | £300.00 | £1,800.00 |
| £600,001 to £700,000 | £1,600.00 | £320.00 | £1,920.00 |
| £700,001 to £800,000 | £1,700.00 | £340.00 | £2,040.00 |
| £800,001 to £1,000,000 | £2,100.00 | £420.00 | £2,520.00 |
| £1,000,001 to £1,250,000 | £2,600.00 | £520.00 | £3,120.00 |
| £1,250,001 and above | Please use our calculator or contact us |
Below, we detail what services are covered in our standard fee.
If, at any stage, our fees change, we will notify you and discuss the reason for any changes. This would typically occur if you change your instructions or your case involves an unforeseen complexity.
Our fee assumes that:
- This is a standard transaction and that no unforeseen matters arise.
- 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. If indemnity policies are required, we will charge an additional £50.00+VAT (£60.00 inc. VAT) per policy.
Other factors that may affect your legal fees
Additional legal fees apply in the following cases:
- New Builds – £375.00 +VAT (£450.00 inc. VAT)
- Freehold with Management Company – £250.00 +VAT (£300.00 inc. VAT)
- Help to Buy Redemption – £250.00 +VAT (£300.00 inc. VAT)
Disbursements
In addition to our fees, you will also incur costs related to your matter that are payable to third parties, known as disbursements. We handle the payment of the disbursements on your behalf to ensure a smoother process. Details of the disbursements you are likely to incur are detailed below and include VAT where applicable.
- Bankruptcy search fees £7.80 per person (£9.36 inc. VAT).
- Land Registry fees. The following link provided details of land registry fees payable. https://www.gov.uk/guidance/hm-land-registry-registration-services-fees. We will advise the fees that are relevant to your matter when we have the details of your property.
- HM Land Registry Searches £8.80 per search (£10.56 inc. VAT).
- Mortgage Panel Portal Fee £50.00+VAT (£60.00 inc. VAT).
We will charge the sum of £45.00 plus VAT (£54.00 inc. VAT) for electronic money transfers.
If your property is leasehold, the following additional costs may arise:
- Management pack, these are typically between £100.00.00 – £500.00 plus VAT (£120.00 to £600.00 inc. VAT).
These fees will vary from property to property and can occasionally be significantly more than the ranges given above. We will give you an accurate figure once we have sight of your specific documents.
Where the firm is required to undertake an Anti-Money Laundering search as part of our Client Due Diligence Process, the firm will charge:
- £18.00 + VAT (£21.60 inc. VAT) for an individual based in the UK.
- From £25.00 + VAT (£30.00 inc. VAT) for an individual based overseas or a Corporate Entity.
Mortgage Redemptions
We will redeem your existing mortgage by CHAPS, and you will be charged £45.00 plus VAT (£54.00) for the payment.
Estate Agents
We will pay the estate agents for you, and there is no charge for this.
The amount you need to pay the estate agents could depend on a number of factors but is usually based on the sale price and tends to be agreed upon before you instruct us.
Net Sale Proceeds
Your net sale proceeds are usually sent to you on the day of completion. If you choose to have your monies sent by CHAPS rather than by BACS, you will be charged £45.00 plus VAT (£54.00) for the payment.
How Long Will Your Sale Take?
How long it will take from accepting an offer until completion will depend on a number of factors. The average process takes between 10 to 16 weeks, but it can be quicker or slower, depending on the other parties and if there is a chain and we will notify you if we believe your transaction may take longer than average or if something occurs in your case to extend the transaction time.
If you are selling a leasehold property that requires an extension of the lease, this can take longer. In such a situation, additional charges would apply, and we will notify you of the additional charges and time estimate when we, or the buyer’s solicitors, have engaged the landlord to discuss the extension.
What Are The Different Stages Of Your Sale?
The precise stages involved in the sale of a residential property vary according to the circumstances. However, examples of key stages that we will help you through may include:
- Take your instructions and confirm by letter setting out the terms of business.
- Carry out proof of identity checks.
- Ask to you to complete a property information form and a fixtures and contents form.
- Obtain title deeds or official copies of the title register from HM Land Registry.
- Prepare draft contract and send to the buyer’s solicitor.
- Reply to pre-contract enquiries.
- Agree completion date (date you sell the property).
- Exchange contracts and notify you that this has happened.
- Complete sale.
- Deal with redemption of mortgage.
- Deal with paying the estate agents.
- Transfer net sale proceeds to you.
Other Factors
Other Factors to consider which may affect your Legal Fees: –
- Value of the property.
- In Sale cases, whether primary residence, buy to let or second/holiday home.
- Multiple owners.
- Shared ownership scheme.
- Using a help-to-buy scheme, and whether it is an equity loan or ISA.
- Sale under right to buy.
- Sale at auction.
- Property has been repossessed.
These fees vary from property to property and can occasionally be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
Who Will Handle Your Sale?
Anyone in our Conveyancing department could handle your sale. To view the qualifications and experience of the team, please click here.
Akhil Choudhury will be the Director with overall supervision of your sale.
What If You Get A Problem?
Should you have a problem that cannot be resolved between you and the person handling your sale, please refer to our Complaints Procedure.