Residential Conveyancing - Sale and Purchase of Freehold property
Sale of a Freehold Property
How much does this service cost?
Our fees are tailored to the unique requirements of each property sale. Due to potential complexities, the figures provided below may vary. Therefore, we are unable to offer a fully reliable cost estimate until we have all the transaction details. To ensure transparency, we will provide you with an individual cost estimate at the beginning of the transaction, taking into consideration the specific features of your sale. We will promptly inform you of any complications and discuss any potential impact on pricing before incurring additional charges.
The fees we charge will primarily depend on the property's sale price, however, other factors may be taken into account. This can include the complexity of the matter and whether the property is registered or unregistered.
Our fees, excluding VAT and disbursements, will range from approximately £1,200 for a property with a sale price under £250,000 to approximately £3,000 for a property with a sale price of or more than £1million. VAT will be charged at 20% on top of all fees, costs and disbursements.
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure the process is as efficient as possible.
Potential Disbursements / Other Costs
Bank Transfer Fee (per transfer) – £35.00 +VAT
Land Registry Office Copies – approx. £6.00 +VAT
How long will my property sale take?
The length of time from you accepting an offer to completing the sale will depend on a number of factors. Typically, the average timeframe for a sale with a chain is 8-12 weeks. However, this can be significantly reduced if there is no chain. The exact length of time is dependent upon the other parties within the chain, however, we will do our best to address any issues quickly and keep you informed throughout the process.
As part of our fee we will:
- Take your instructions and give you initial advice
- Prepare and compile the contract pack
- Respond to enquiries from the purchaser’s solicitors
- Send the final contract to you for signature
- Agree completion date (date from which you no longer own the property)
- Exchange contracts and notify you that this has happened
- Complete the purchase
- Settle all outstanding payments due and then pay the balance of sale to you
Purchase of a Freehold Property
How much does this service cost?
Our fees are tailored to the unique requirements of each property purchase. Due to potential complexities, the figures provided below may vary. Therefore, we are unable to offer a fully reliable cost estimate until we have all the transaction details. To ensure transparency, we will provide you with an individual cost estimate at the beginning of the transaction, taking into consideration the specific features of your sale. We will promptly inform you of any complications and discuss any potential impact on pricing before incurring additional charges.
The fees we charge will primarily depend on the property's purchase price, however, other factors may be taken into account. This can include the complexity of the matter and whether the property is registered or unregistered.
Our fees, excluding VAT and disbursements, will range from approximately £1400 for a property with a purchase price under £250,000 to approximately £3,500 for a property with a purchase price of or more than £1million. VAT will be charged at 20% on top of all fees, costs and 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 the process is as efficient as possible.
Potential Disbursements / Other Costs
Preparing Stamp Duty Land Transaction Form – £75.00 +VAT
Bank Transfer Fee (per transfer) – £35.00 +VAT
Local / Plan plus / Water & Drainage / Environmental / Chancel Searches – Approximately £305 + VAT (depending upon individual’s or mortgage lender’s requirements)
Land Registry Search – £3.00 +VAT
Bankruptcy Search (per search) – £2.00 +VAT
Stamp Duty Land Tax – Dependent on property purchase price (refer to SDLT Government calculator)
Land Registry Application Fee – Dependent on property purchase price (refer to Land Registry fee guide)
As part of our fee we will:
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase
- Receive and advise on contract documents
- Carry out searches
- Obtain further planning documentation if required
- Make any necessary enquiries of the seller’s solicitors
- Give you advice on all documents and information received
- Go through the conditions of the mortgage offer with you
- Send the final contract to you for signature
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete the purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry
How long will my property purchase take?
The length of time from you making an offer to completing the purchase will depend on a number of factors. Typically, the average timeframe for purchasing a property with no chain is 8-12 weeks. However, if there is a chain involved, the process is likely to take longer. The exact length of time is dependent upon the other parties within the chain, however, we will do our best to address any issues quickly and keep you informed throughout the process.
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