Residential property sale - fees
Our team is experienced in providing residential conveyancing, and you can be confident that the team will make the sale of your house as simple and stress-free as possible.
What’s included
Our fees* include all of the activity involved in selling your home.
The particular processes required in the acquisition of a home vary depending on the circumstances. Nonetheless, some critical stages are as follows:
- Taking your instructions and providing initial advice
- Receiving and advising on contract documents
- Conducting searches
- Providing advice on all documents and information received
- Sending final contract to you for signature
- Draft Transfer
- Obtaining pre-completion searches
- Arranging for all monies required to be received from the purchaser
How long will it take to sell my house?
The length of time will be determined by a number of things. The typical process takes 4 to 8 weeks. Depending on the parties and lenders involved, it can be faster or slower. If you are purchasing another property at the same time, this will also affect the speed with which the sale can proceed.
Our Fees
Home conveyancing work, including sales, is typically done on a flat fee basis. The following information is offered to help you understand how we determine our fees. Prices are offered as an indication of the anticipated cost of a transaction or case and should not be interpreted as an absolute quote. You must still contact us for a detailed price that takes into consideration the specifics of your transaction or situation.
Fees
Legal fees: £000.00
VAT: £000.00
Electronic money transfer fee: £00.00**
VAT payable: £0.00
AML check admin fee: £00.00 (per person)***
VAT payable: £0.00 (per person)
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Subtotal £000.00
Our fee assumes 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
- 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.
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.
Office Copies: £00.00
Subtotal: £00.00
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Grand total £000.00
*These costs vary by property and can sometimes be much more than the sum mentioned above. This is our average charge for the three months ending September 30, 2022. We can give you an exact amount after we see your individual paperwork.
**We charge £30.00 with VAT for each telegraphic (electronic) transfer we do. On a sale, there will almost certainly be one such transfer to redeem your existing mortgage.
You have the option of receiving any payments owed to you through check or telegraphic transfer. Receiving revenues or other payments by cheque is free of charge. We will charge an extra cost of £30.00 plus VAT if you want to receive funds via telegraphic transfer.
***We contract with an outside company to conduct AML (anti-money laundering) checks on our behalf. We are required by law to do AML checks on each person engaged in a transaction, and we will charge a fee for each check performed.
