Conveyancing Costings

Sale of a leasehold residential property

Our fees for standard transactions cover all of the work required to complete the sale of your home and are charged on a fixed fee basis and will depend upon the sale price of the property.

The table below provides detail of this:

Sale Price	Conveyancer's Fees
Up to £249,999	£2,100 plus VAT @ 20%
£250,000 - £499,999	£2,300 plus VAT @ 20%
£500,000 - £749,999	£2,600 plus VAT @ 20%
£750,000 - £999,999	£2,800 plus VAT @ 20%
£1million +	0.25% of the sale price plus VAT @ 20%
Our fees for mortgage redemption	£250 plus VAT @ 20%
Our fees for telegraphic transfer of funds	CHAPS £50 plus VAT @ 20%
	BACS £25 plus VAT @ 20%
Our fees for onboarding you as a client and verifying your identity	£20 plus VAT @20%

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 which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Office Copy Entries fee £42 plus VAT @ 20%

Anticipated Disbursements*

Landlord/Management Company fee for providing replies to Leasehold Property Enquiries between £150.00 and £350.00

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

How long will my house sale take?

How long it will take from you accepting the offer until you must move out of the property will depend on a number of factors. The average process takes between 12-16 weeks.

Stages of the process

The precise stages involved in the sale of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages to the process:

Onboard you as a client of the practice by verifying your identification
Take your instructions and give you initial advice
Obtain title deeds and other appropriate documentation
Obtain replies to Leasehold Property Enquiries
Prepare and issue draft contract documentation

This stage should take 10 weeks to complete

Obtain further planning and other documentation if required
Reply to any necessary enquiries of buyer's solicitors
Send final contract to you for signature
Agree completion date (date from which you hand over ownership of the property)
Exchange contracts and notify you that this has happened

This stage should take 4 weeks to complete

Obtain a final redemption statement from the mortgage lender
Calculate apportionments of ground rent and service charges
Prepare completion statement and submit to the buyer’s solicitors
Complete sale

This stage should take 2 weeks to complete

Redeem mortgage
Distribute net proceed of sale

This stage should take 1 week to complete

These timings may vary if there are delays by third parties and other factors beyond our control.

Our fee assumes that:

this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
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 arise
all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
the property is registered at the Land Registry