Leasehold Residential Sale – Pricing and Timescale Information
The fees involved in any transaction are important and we review our fees on a regular basis, considering client’s feedback. We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction. If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward.
If during the transaction there is a new development, we will discuss the change in fees with you and agree a way forward.
Our fees:
Our fees cover all the work required to complete the sale of your current home:
| Property Sale Price | Range of Legal Fees | VAT | Subtotal |
| £0 – £150,000 | £925.00 – £1,100.00 | £185.00 – £220.00 | £1,100.00 – £1,320.00 |
| £150,001 – £250,000 | £1,095.00 – £1,100.00 | £219.00 – £220.00 | £1,314.00 – £1,320.00 |
| £250,001 – £350,000 | £1,150.00 – £1,200.00 | £230.00 – £240.00 | £1,380.00 – £1,440.00 |
| £350,001 – £500,000 | £1,195.00 – £1,300.00 | £239.00 – £260.00 | £1,434.00 – £1,560.00 |
| £500,001 – £750,000 | £1,350.00 – £1,400.00 | £270.00 – £280.00 | £1,620.00 – £1,680.00 |
| £750,001 – £1,000,000 | £1,600.00 – £1,650.00 | £320.00 – £330.00 | £1,920.00 – £1,980.00 |
| £1,000,000 + | Available on request | ||
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.
Disbursements:
| Item | Amount | VAT | Subtotal |
| Official Office Copies | £6.00 | £1.20 | £7.20 |
| Electronic money transfer fee | £40.00 | £8.00 | £48.00 |
| Digital onboarding fee | £19.75 | £3.95 | £23.70 |
How long will the process take?
For any transaction, the timescales are subject to change depending on when your offer is accepted, and factors involved such as:
- The number of parties in the chain;
- Whether the buyer has a mortgage in place;
- Whether the buyer requests lease extension for a leasehold property;
- Whether the searches flag up any issues;
- Whether buyer’s Survey shows up any issues;
- Buyer’s Enquiries.
A typical transaction will take between 8-12 weeks. However, if any of the above apply or there are other factors we need to take into consideration, we will discuss this with you.
Key milestones:
With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows. We will:
- Take your instructions and give initial advised based on the information you have provided;
- Check that you have finances in place for the buyer to fund the purchase;
- Receive and advise on contract documents;
- Obtain further planning documentation if required;
- Provide advice on all documents and information received;
- Finalise the contract and send it to you for signature;
- Agree completion date (the date which you legally own the property);
- Exchange contracts and notify you that this has happened;
- Complete purchase.
Exclusions:
We do not undertake tax advice.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above such as:
- If a legal title is defective or part of the property is unregistered;
- If crucial documents, we have previously requested from you have not been provided to us.
