Our experienced property team are here to help with the sale of houses, flats and apartments.
On a sale, we undertake all of the legal work involved to sell your property including repaying your mortgage if you have one and sending you the sale proceeds on the day.
Please call us on 01227 276 276 (or send us an email using this link) and we will be happy to discuss your individual requirements and provide you with a bespoke Fixed Fee Estimate.
How Long Will My Sale Take?
How long it will take from you accepting an offer until you move out of your property will depend on a number of factors, many out of our control- especially where there is a chain. The average process takes between 6-8 weeks (although it is currently often longer).
It can be quicker or slower, depending on the number of parties in the chain and at what stage they are in the conveyancing process. For example, at the bottom of the chain is a first-time buyer who is struggling to obtain a mortgage offer and this delays the transaction. Or perhaps a buyer’s survey has come back with adverse results which leads to negotiations over the purchase price between the conveyancers or estate agents.
The Cost
As an example, our estimated fees, disbursements and additional costs for:
The sale of a freehold residential property by a couple for £225,000 with a mortgage that does not have any unexpected complications would be:
| EX VAT | INC VAT | |
| Fees: | ||
| Legal Fees | £1,200 | £1,440 |
| Electronic Money Transfer Admin Fee | £17.33 | £20.80 |
| In House ID Admin Fee | £10.16 | £12.20 |
| Disbursements*: | ||
| H M Land Registry Official Copy Title Entries | £21.00 | £25.20 |
| Additional Costs: | ||
| Electronic Money Transfer Bank Fee | £16.00 | £19.20 |
| Estimated Total | £1,264.49 | £1,517.40 |
Our fee is based on the assumptions referred to on this page.
*Additional Disbursements
Other additional disbursements may be incurred. For example If there are defects in title or if certain documents are missing, then we may need to obtain indemnity policies to rectify such matters. The cost of such policies usually depend on the property value and we shall advise you on the specific fees, if such policies are required.
What Services Are Included In The Fixed Fee and What Are The Key Stages of The Sale Process?
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have listed some key stages:
- Take your instructions and give you initial advice.
- Send out a Fittings and Contents Form and Property Information Form(s) for completion. If the property is leasehold, additional information will be required.
- Obtain official copies of the title register and any other relevant title documents from the Land Registry.
- Prepare draft contract and supporting contract documentation and send to the buyer’s conveyancer.
- Where relevant, obtain management information from the landlord and send to buyer’s conveyancer.
- Request mortgage redemption figures from lender.
- Answer pre-contract enquiries raised by the buyer’s conveyancer.
- Agree completion date.
- Exchange contracts and notify you that this has happened.
- Complete sale.
- Deal with payment of the outstanding mortgage.
- Deal with payment of estate agents fees.
- Send title deeds and transfer deed to the buyer’s conveyancer.
- Deal with payment of any remaining balance back to you.
Who Will Handle My Matter?
An experienced member of our property team will handle your matter. You will be formally introduced to your conveyancer by letter, but links to full details of our team’s background and qualifications are below.