Fees - Selling a Leasehold Residential Property.

Our Fees – Selling a Leasehold Residential Property.

Our fees cover all of the work required to complete the sale of your home.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for leasehold sales are:

PRICE RANGE COST
£0 – £125,000.00 £650.00 plus VAT of £130.00
£125,000.01 – £250,000.00 £750.00 plus VAT of £150.00
£250,000.01 – £300,000.00 £850.00 plus VAT of £170.00
£300,000.01 – £400,000.00 £1,050.00 plus VAT of £210.00
£400,000.01 – £575,000.00 £1,200.00 plus VAT of £240.00

Above £400,000.00 please ring for a quotation

 

Disbursements

These are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Fees for H M Land Registry Searches:

Office Copies £6.00

Office Copy of Documents £3.00 per document

Telegraphic Transfer Fee: 

This is the cost of transferring the funds of the transaction electronically. TT Fee – £19.20 (including VAT) per transfer

Factors that would typically increase the cost of our service, but not limited to:

  • If the legal title is defective or part of the property is unregistered
  • If you discover building regulations or planning permission has not been obtained
  • Where an indemnity policy is required
  • Where the property is sold at auction
  • ·If the property is a flat
  • If there is a nonstandard/complicated Lease
  • If crucial documents we have requested from you have not been provided

How long will my house sale take?

How long it will take from you accepting an offer to completion of the sale will depend on a number of factors, including whether your buyers are obtaining a mortgage, the number of parties in the chain, whether they are first time buyers etc. The average process takes between 6-8 weeks but this can vary considerable depending on the situation.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Draft contract documents
  • Deal with any enquiries from the buyers solicitor
  • Obtain a mortgage redemption statement
  • Agree completion date (date from which you cease to own the property)
  • Send contract documentation to you for signature
  • Exchange contracts and notify you that this has happened
  • Complete the sale and forward any sale proceeds to you
  • Redeem any outstanding mortgage

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