Buying & selling your home

Buying & Selling Your Home


Buying & Selling Your Home :

Selling a Property

Selling your home can be an emotional time, we understand how difficult it can be and will do whatever we can to help the sale progress as quickly and smoothly as possible.

Whether you are selling your home, agricultural land, farm land or retirement housing our solicitors can help, they have years of experience in property transactions. Usually with specialist property or land issues can arise when a potential buyer has questions about the property. Our experience means that we know the types of questions that may be raised by potential buyers and can help you to consider these before you market the land or property.

If you are considering selling your property at auction, you should instruct a specialist before you list the property as you will need to have information about the title, the terms of the contact and replies to enquiries before the auction takes place.

If you are considering selling part of your land or development land you should seek legal advice before doing so. We will take the time to understand your objectives in selling part of your land and will ensure that your rights are protected.

If you are selling a share ownership property, strict procedures must be followed including giving notice (of at least 2 months) to the housing association and obtaining the housing association’s consent to your sale. We regularly act for sellers of shared ownership properties and are very familiar with the issues that commonly arise.

To discuss selling your property with a specialist conveyancer call or email us today.

Fees: 

Our legal fees for the sale of a freehold property:

Minimum fee: £1,194 including VAT at 20%

Average fee: £1,500 including VAT at 20%

Our legal fees for the sale of a leasehold property:

Minimum fee: £1,500 including VAT at 20%

Average fee: £1,860 including VAT at 20%

Our fees are calculated based upon the property purchase price and the complexity of matters that affect the property.

Our fees detailed above are based on the assumption that the transaction is straightforward, without unforeseen complexities and that:

  • the property is held under a single title at the Land Registry with no title defects;
  • one contract is sent to one buyer;
  • the sale is subject to an unconditional contract;
  • the property is sold with vacant possession;
  • completion takes place on the date agreed in the contract; and
  • if you are selling a leasehold property, there is an existing lease (not the grant of a new lease), in an acceptable form with an effective management set up and not requiring formal variation of the provisions or an extension of the lease term.

Depending upon whether you are purchasing a freehold or leasehold property, you can also expect to pay the following additional fees:

Land Registry fee for copy title: £7.20 including VAT at 20%.

Estimated landlord’s management fee (leasehold properties): £180 including VAT at 20%.

Funds transfer fee to repay mortgage: £39.60 including VAT at 20%.

Funds transfer fee to pay the balance of the sale proceeds to you: £39.60 including VAT at 20%.

Any fee (usually not exceeding £20) charged by the Land Registry for a copy document referred to in your title.

For a leasehold sale, any administration fee charged by your lessor or managing agent for providing information required by your buyer’s solicitor, and any legal fees charged by your lessor for consent to sell if this is a condition of your lease.

What work do our fees cover? To:

  • obtain and check the title to the property;
  • obtain and check completed information forms with all relevant paperwork;
  • obtain and check management information for a leasehold property;
  • obtain an initial redemption figure if there is a mortgage;
  • prepare and send a full pack of paperwork to the buyer’s solicitors;
  • negotiate the sale contract;
  • respond to enquiries from the buyer’s solicitors;
  • proceed to exchange contracts and then complete the sale;
  • transfer funds to redeem any mortgage;
  • discharge commission due to your estate agent; and
  • transfer any balance to your account.

How long can you expect your sale transaction to take?

The average time frame to complete the sale of a property is between 8 and 12 weeks.

 

who to contact


Give it up! Give it up! Baby, Give it up!

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Tamzin Mandelli, Associate, Commercial Property Solicitor ,

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When ‘Banter’ crosses over into abuse

“It’s just bants, mate! Just bants!” If you work in any kind of environment, from an office to a building site, you’ll be familiar with the term…

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Give it up! Give it up! Baby, Give it up!

No-one has a crystal ball that can definitively tell them what the future holds.  Every decision is a risk to a greater or lesser degree.  When signing…

Tamzin Mandelli, Associate, Commercial Property Solicitor ,

Tamzin Mandelli

Has the demise of Legal Aid put justice out of reach for ordinary people?

Medical negligence (or clinical negligence as it’s known) can be utterly devastating, not just for the victim, but for the family too. At a time when you…

Mark Wisby, Associate, Clinical Negligence Solicitor Selling a Property,

Mark Wisby

Soaring fees set deadline for executors and estate planning

Controversial court fees which have been branded a stealth tax on bereaved families are expected to prompt a surge in probate applications before the hike hits.  The…

Louise Harrhy, Partner, Head of Trusts & Estates Solicitor ,

Louise Harrhy

Is there such a thing as a ‘good divorce’?

Many Resolution[1] family lawyers think so and this week is Resolution’s annual awareness-raising week Minimising the impact of conflict on children: Conflict can have some…

Vanessa McMurtrie, Partner, Family Solicitor ,

Vanessa McMurtrie

Self-driving Vehicles – who is responsible if you have an accident?

Self-driving Vehicles – who is responsible if you have an accident? The age of ‘driverless’ cars is nearly upon us. Funnily enough, it’s internet giant Google that’s…

Mark Wisby, Associate, Clinical Negligence Solicitor Selling a Property,

Mark Wisby

When ‘Banter’ crosses over into abuse

“It’s just bants, mate! Just bants!” If you work in any kind of environment, from an office to a building site, you’ll be familiar with the term…

Jane Crosby, Partner, Dispute Resolution Solicitor Selling a Property,

Jane Crosby

"I would say a big thank you to David Knapp and his team as our instruction was of an urgent nature and their efforts ensured that the purchase of our property was completed well within our required timescale."

David Knapp. Partner and Head of Residential Property