Residential Sale

Our fees are likely to be in the range of £650 to £2100.00 plus 20% VAT.

Please note that if the property you are selling is Leasehold there will be additional fees payable.

If something occurs during the transaction which will involve additional work we will discuss any change in fees with you and agree a way forward.

Factors that may lead to a change in our fees include:

• If a legal title is defective
• If part or all of the property is unregistered
• If you need us to expedite the transaction
• There are additional charges or restrictions registered against the property title

Disbursements are third party costs which are applicable to your transaction.

Fees for official copy register £6.00 (approx) for a standard freehold title register and plan.

We will need to obtain any additional documents referred to in the official copies and these will cost £3.00 each.

If the property you are selling is leasehold then we will need both the freehold and leasehold official copy registers.

If you are selling a leasehold property we will need to obtain a leasehold information pack from the freeholder and/or managing agent. The cost of these varies. We will contact the freeholder and/ or managing agent on your behalf and ascertain the cost of the information pack.

Some of the most common additional fees are as follows:

At the start of a transaction, we will not be able to confirm dates for exchange of contracts or completion of your sale. The circumstances of each case are different. The time it will take from you accepting an offer until you move house will depend on a number of factors, most of which will be outside our control. The average transaction takes between 10 and 12 weeks.

Factors which can influence the speed of a transaction include:

• How quickly you provide us with any information we have requested from you
• The speed of the responses we receive from other parties involved in the transaction
• Any unforeseen circumstances
• If the property is Leasehold how quickly the freeholder/ managing agent provides the leasehold information pack

Generally, our advice is not to discuss or try to agree completion dates until all parties are in a position to proceed to exchange of contracts. Completion dates are only confirmed once contracts are exchanged.

The work we do consists of the following:

• Carry out Identification and Money Laundering checks
• Obtain copies of the title documents for the property
• Prepare and submit contract documentation to your buyer’s solicitors
• Keep you updated at all stages of the transaction and liaise with all associated parties (estate agents, other solicitors, financial advisors etc)
• Take your instructions and advise you of any enquiries raised by the buyers solicitors
• Obtain your signature to the contract
• Liaise with you and associated parties regarding a completion date and undertake exchange of contracts
• Approve the Transfer Deed and obtain your signature to it
• Reply to requisitions raised by your buyer’s solicitors
• Undertake completion arrangements and release of keys with the estate agents
• On completion make the necessary payments in relation to estate agency fees and other third parties as applicable
• Account to you for the balance funds

Please note that we do not provide tax advice. You will need to seek specialist advice regarding any tax implications of a transaction.