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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:

Legal fees: £850.00 - £1,200.00 plus VAT

 

We offer fixed fee conveyancing. The fees are applicable to property up to the value of £1,000,000.00. Property above this value will be charged at 0.1% of the purchase price

 

If we are acting for your lender on a purchase, we will charge such fees as are provided in the mortgage offer.  This varies between lenders but is usually around £180 Inc. of VAT.

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.

BRIAN COULTER
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