Sale of a freehold residential property

Time scales

How long the transaction will take from an offer being accepted until you move out of your property depends on a number of factors. The average process takes between 10-12 weeks. It can be quicker or slower, depending on the parties in the chain.

Stages of the process

The precise stages involved vary according to the circumstances. However the key stages include:

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

  • Taking your instructions and giving initial advice
  • Checking your redemption figure (if applicable)
  • Drafting contract documentation and sending it to the purchaser’s solicitor
  • Responding to enquiries from the purchaser’s solicitor and corresponding with you on any you may need to answer
  • Sending final contract documentation to you for signature
  • Agree a completion date
  • Exchange contracts and notify you that this has happened
  • Get a final redemption figure to repay any mortgages and charges (if applicable)
  • Complete sale
  • Redeem mortgage/charges and send sale proceeds to you
  • Send Transfer and deeds to purchaser’s solicitor to enable them to register the same

Conveyancer’s fees and disbursements

Please note disbursements are costs related to your matter that are payable to third parties, such as Official Copies. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Our fees in the below table assume the following:-

  • That this is a standard transaction without any defect in title
  • This is a transaction with one mortgage to be redeemed
  • The transaction is concluded in a timely manner and no unforeseen complication arises
  • All parties to the transaction are co-operative and there is no unreasonable delay from any parties in providing information or communicating
  • No indemnity policies are required. Additional disbursements may apply if they are required.

If the transaction has more than one mortgage/charge to be redeemed then an additional £100.00 plus VAT will apply.

SALE PRICEOUR COSTSVATAML SEARCH FEE(PER PERSON)OFFICIAL COPIESTT FEEFEES FOR MORTGAGE ADD ONTOP OF OUR FEESVAT FOR MORTGAGEFEES FOR UNREGISTERED LANDVAT FOR UNREGISTERED LAND
Up to £200,000£600.00£120.00£5.95£6.00£36.00£50.00£10.00£150.00£30.00
Up to £300,000£700.00£140.00£5.95£6.00£36.00£50.00£10.00£150.00£30.00
Up to £400,000£750.00£150.00£5.95£6.00£36.00£50.00£10.00£150.00£30.00
Up to £500,000£800.00£160.00£5.95£6.00£36.00£50.00£10.00£150.00£30.00

Purchase of a freehold residential property

Time scales

How long the transaction will take from an offer being accepted until you move in to your property depends on a number of factors. The average process takes between 10-12 weeks. It can be quicker or slower, depending on the parties in the chain.

Stages of the process

The precise stages involved vary according to the circumstances. However the key stages include:

  • Taking your instructions and giving initial advice
  • Checking finances are in place to fund the purchase
  • Receiving and advising on the Contract package
  • Carry out searches
  • Raising enquiries
  • Giving advice on all documents and replies to enquiries and providing a Contract report
  • Reporting on the mortgage offer
  • Sending final contract documentation to you for signature
  • Agree a completion date
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from both the lender and yourself
  • Complete purchase
  • Deal with the payment of Stamp Duty Land Tax
  • Make application for registration at the Land Registry
  • Deal with registration documents once received

Conveyancer’s fees and disbursements

Please note disbursements 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. Stamp Duty Land Tax depends on the purchase price of your property. You can calculate this using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Our fees in the below table assume the following:-

  • That this is a standard transaction without any defect in title
  • This is a transaction with one mortgage
  • The transaction is concluded in a timely manner and no unforeseen complication arises
  • All parties to the transaction are co-operative and there is no unreasonable delay from any parties in providing information or communicating
  • No indemnity policies are required. Additional disbursements may apply if they are required.

If the transaction has more than one mortgage/charge or is purchased with a Help to Buy mortgage then an additional £100.00 plus VAT will apply. For transactions were a Help to Buy ISA is being used an additional £50.00 plus VAT will apply. If the transaction is registering part of a title then the Land Registry fee is double what is in the below table – please note this is a disbursement.

PURCHASE PRICEOUR COSTSVATAML SEARCH FEE(PER PERSON)PROPERTY SEARCHESTT FEEFEES FOR MORTGAGE ADD ONTOP OF OUR FEESVAT FOR MORTGAGEFEES FOR UNREGISTERED LANDVAT FOR UNREGISTERED LANDLAND REGISTRY SEARCH FEEBANKRUPTCY SEARCH FEE (PER PERSON)LAND REGISTRY ONLINE FEE
Up to £200,000£600.00£120.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£40.00 (Up to £100,000) £95.00 (Up to £200,00)
Up to £300,000£700.00£140.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00
Up to £400,000£750.00£150.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00
Up to £500,000£800.00£160.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00

Purchase of a leasehold residential property

Time scales

How long the transaction will take from an offer being accepted until you move in to your property depends on a number of factors. The average process takes between 10-16 weeks. It can be quicker or slower, depending on the parties in the chain. However if the property requires an extension of the Lease this can take significantly longer.

Stages of the process

The precise stages involved vary according to the circumstances. However the key stages include:

  • Taking your instructions and giving initial advice
  • Checking finances are in place to fund the purchase
  • Receiving and advising on the Contract package including the Lease
  • Carry out searches
  • Raising enquiries and drafting the Transfer
  • Giving advice on all documents and replies to enquiries and providing a Contract report
  • Reporting on the mortgage offer
  • Sending final contract documentation to you for signature
  • Agree a completion date
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from both the lender and yourself
  • Complete purchase
  • Deal with the payment of Stamp Duty Land Tax
  • Make application for registration at the Land Registry
  • Deal with registration documents once received

Conveyancer’s fees 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 a smoother process. There are certain disbursements which will be set out in the individual Lease relating to the property. The disbursements we anticipate are set out in the table below however the list is not exhaustive and other disbursements may apply depending on the contents of the Lease. We will update you on the specific fees upon receipt and review of the Lease from the seller’s solicitors.
Some of the disbursement s that may be within the Lease is the Notice of Transfer fee, Notice of Charge fee, Deed of Covenant fee and Certificate of Compliance fee. These fees vary from property to property and we will give you accurate figures once we have sight of the Lease.
You should also be aware that when purchasing a Leasehold property it is likely that ground rent and service charges will apply. We will confirm this as soon as we have the information.
Stamp Duty Land Tax depends on the purchase price of your property. You can calculate this using HMRC’s website https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

If an extension of the lease is required then additional charges will apply. Our fees in the below table assume the following:-

  • That this is a standard transaction without any defect in title
  • This is the assignment of an existing lease and is not the grant of a new lease
  • The transaction is concluded in a timely manner and no unforeseen complication arises
  • All parties to the transaction are co-operative and there is no unreasonable delay from any parties in providing information or communicating
  • No indemnity policies are required. Additional disbursements may apply if they are required.
PURCHASE PRICEOUR COSTSVATAML SEARCH FEE(PER PERSON)PROPERTY SEARCHESTT FEEFEES FOR MORTGAGE ADD ONTOP OF OUR FEESVAT FOR MORTGAGEFEES FOR UNREGISTERED LANDVAT FOR UNREGISTERED LANDLAND REGISTRY SEARCH FEEBANKRUPTCY SEARCH FEE (PER PERSON)LAND REGISTRY ONLINE FEE
Up to £200,000£700.00£140.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£40.00 (Up to £100,000) £95.00 (Up to £200,00)
Up to £300,000£800.00£160.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00
Up to £400,000£850.00£170.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00
Up to £500,000£900.00£180.00£5.95£120.00£36.00£100.00£20.00£100.00£20.00£3.00£2.00£135.00

Probate

Time scales

this depends on whether it is a grant only or administration of the estate. On average obtaining probate takes between 8-12 weeks, to administrate the estate after depends on the size and complexity of the estate.

Stages of the process –

  • Identify the appointed executors or administrators and beneficiaries at an initial meeting
  • Accurately identify the type of probate application you will require
  • Obtain the relevant documentation to make the application
  • Complete the probate application and the relevant HMRC forms
  • Draft a legal oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send copies to you
  • Collect and distribute all assets in the estate

Fees and Disbursements

Disbursements are costs related to your matter that are payable to third parties such as Probate application fee. The exact cost will depend on the individual circumstances of the matter.

Grant only

Our costs for this is £600.00 plus VAT. The disbursements for this are £155.00 to obtain the grant of probate and an additional £0.50 per copy required. There will also be a swear fee (per executor) when you get the legal oath sworn which is payable to another solicitor.

Administration of the estate

Our costs for this start at £1,500.00 plus VAT. The disbursements for this are £155.00 to obtain the grant of probate and an additional £0.50 per copy required. There will also be a swear fee (per executor) when you get the legal oath sworn which is payable to another solicitor.

These quotes are for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than four bank or building society accounts
  • There are no other intangible assets
  • There are no more than six beneficiaries
  • There are no disputes between beneficiaries on the division of assets. If disputes do arise then this will lead to an increase in costs
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are no claims against the estate

Additional disbursements may include:

  • Bankruptcy-only Charges Department search
  • Notice in the London Gazette – protects against unexpected claims from unknown creditors
  • Notice in a local newspaper - protects against unexpected claims from unknown creditors

Additional costs may include:

  • If there is no will
  • If the estate consists of any shareholding (stocks and bonds)
  • Dealing with the sale or transfer of any property in the estate