Freehold Sale
Our fees cover all the work required to complete the sale of your home, including dealing with Land Registry and redeeming any mortgages.
Fees:
Sale of freehold property up to £2,000,000, registered at the Land Registry and with no mortgage to repay. Please note our hourly rate is charged at £240 plus VAT in this example:
Pricing Option 1 – Typically we would spend 6 to 8 hours for the general conveyancing work. This equates to an estimate of between £1,440 plus VAT and £1,920 plus VAT.
Pricing Option 2 – Typically the fixed price would be £2,880 plus VAT.
Sale of freehold property over £2,000,000, registered at the Land Registry and with no mortgage to repay. Please note hourly rate is charged at a higher rate being £370 plus VAT in this example:
Pricing Option 1 – Typically we would spend 6 to 8 hours for the general conveyancing work. This equates to an estimate of between £2,220 plus VAT and £2,960 plus VAT.
Pricing Option 2 – Typically the fixed price would be £4,440 plus VAT.
Where applicable, please allow for further fees fixed at £240 plus VAT to deal with the mortgage redemption legal tasks on any mortgage secured against the property or land.
An additional cost added to the fees will be the electronic money transfer fee: £42.00 including VAT
Disbursements
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Search fees: £350.00 (Approximate)
HM Land Registry fee: £40.00 – £270.00 for property up to a value of £1,000,000.00 and £455.00 for a property over £1,000.000.00.
Note: The exact amount depends on the exact value of the property.
Stamp Duty or Land Tax (on purchase):
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro or if the property is located in Wales by using https://beta.gov.wales/land-transaction-tax-calculator
Our fees and some of our expenses are subject to VAT (currently 20%)
How long will my house sale take?
How long it will take from your offer being accepted until you can move out will depend on a number of factors. The average process takes between 8-12 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are buyer is a first time buyer, purchasing a new build property with a mortgage in principle, it could take 12 weeks. However, if your buyer is buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.
Who will deal with you case
Matters of this nature are usually dealt with our Zoheb Chaudhry or Tasneem Raza.