Residential Conveyancing Costs Information:
We are here to help you with all types of residential property transactions: to include buying and selling your home, buying and selling of an investment property, selling or transferring of a probate property, transferring the whole of your property or a part share, obtaining a new mortgage or the remortgage of your home or investment property.
How much does it cost?
Our Fees for residential conveyancing services are charged on a fixed fee basis. Please see below for an illustration of fees for a sale.
Freehold sale of a property at a price of approximately £175,000.00 with one
charge secured against it. This illustration is based on the following assumptions:
- There are no defects in title.
- The title to the property is fully registered at HM Land Registry.
- There is no issue concerning lack of planning consents or building regulations approval.
- There is no requirement for indemnity insurances to be provided.
- The property is not subject to a Rent Charge.
Sale Price – £175,000.00
|Sale Legal Fee||£475.00|
|Electronic bank transfer fee for redemption of mortgage||£25.00|
|VAT will be charged at the prevailling rate, currently 20%||£100.00|
In addition, there may be expenses which have to be paid to third parties to enable us to complete your matter. These charges must also be paid by you. These other likely expenses (commonly referred to as ‘disbursements’) are:
|Office Copy Entries||£6.00|
|Electronic Identification Check||£9.00 per person|
Please note that the above illustration is based upon a freehold registered title. Additional fees may apply if for example, the property you are selling is unregistered, leasehold or shared ownership.
A further bank transfer fee will be payable per transfer should you wish for the net proceeds of sale to be transferred to you by electronic means.
The Work We Do
In acting for you on your sale, our work comprises, inter alia:
- Taking your instructions
- Obtaining Title Information from HM Land Registry
- Preparing Contract for Sale
- Dealing with Title enquiries raised by the Buyers Solicitor
- Arranging your signature to Contract papers
- Attending to exchange of Contracts
- Obtaining a Redemption figure from your lender (if necessary). This step will be done at the start of the matter for information purposes and again once a completion date has been set.
- Arranging and attending to the Completion
- Discharging any existing mortgage or charges on the property (if necessary)
- Settling all disbursements and accounts
- Dealing with any Undertakings we are required to give on completion
- Arranging file closure procedures
As far as timescales are concerned, based on average timescales for completion of a sale, we would advise that such matter’s will generally complete within 4-10 weeks from contracts being issued to your buyers solicitor. Progress can be dependent on the efficiency of third parties such as mortgage lenders but we will do our best to prompt them for the responses we need. We will keep you informed of progress throughout, explain the reasons for any delays and advise you if any unforeseen work becomes necessary.