Residential Department

Our fees cover all of the standard work required to complete the sale of your residential property to include preparing the contract, liaising with your buyer’s solicitors, completing the sale and sending you the sale proceeds. The amount sent to you will be net of any mortgage which we will return to your lender, deduction of the agreed legal costs and any sums due to third parties which you authorise us to pay such as estate agents charges.

Our quotation includes:-

• Taking your instructions and advising you throughout on the process and routine matters
• Providing the Sellers Property Information form and Fixtures and Fittings form for your completion
• Obtaining your title deeds and documents and obtaining Official Copy of Register Entries and ancillary documents of title where applicable
• Preparing draft Contract and submitting the same to the purchasers solicitors
• Replying to purchaser’s preliminary enquiries
• Obtaining your signature to the Contract as approved and effecting exchange of Contracts
• Deducing title and answering requisitions thereon approving draft Transfer,
• Obtaining your execution to the engrossment Transfer
• Completing the matter including all incidental formalities correspondence and attendances subject to a fair and reasonable quantity as would be expected in a normal transaction and subject to the other terms of our engagement set out in our estimate of costs and terms of engagement.
• Discharge of your mortgage(s) if any on the property, including correspondence with the mortgagee requesting the deeds and repayment figure(s) and preparing the appropriate documentation to discharge your charge

Our Quotation does not include:-

• Remedying any defects in the title
• Agreeing redemption figures with lenders or loan companies
• Discharging unsecured loans
• Providing any advice or recommendations on tax, community care or welfare benefits
• Providing any Financial Advice
• Dealing with any post completion dispute arising from any breach of contract or misrepresentation
• Any fees payable to the Landlord for a sales pack

Please click this link if you wish to view our comprehensive selling guide, which provides you with all of the information you need to know about the sale process.

Our Team

Our experienced team are here to ensure your transaction proceeds smoothly. You can meet the team here. All work is supervised by an experienced Partner. We act for a large range of clients in relation to buying and selling residential property from first time buyers to experienced developers and investors.

How long will it take?

How long it will take from you accepting the offer on the property until the sale is completed will depend on a number of factors. The average process takes between 8 and 12 weeks.

There are often many other factors outside of our control which affect how long it will take to buy your property - particularly when there are lots of buyers and sellers in the chain. This means we cannot tell you exactly how long it will take to sell the property but we will keep you informed of progress at regular intervals.

Each case and circumstances are different and it is impossible to provide an average cost. Our fees are generally calculated with reference to the value of the property but generally our standard fee scale ranges from £399 plus vat to £1000.00 plus vat. You can obtain a more accurate estimate by using our online quote facility here.

If the transaction aborts before the matter has completed we will charge you for the work we have undertaken to that point. Again every case is different and its hard to say what charge will be applied as the depends upon the work undertaken at that stage but as a general indication

In addition we will incur disbursements on your behalf. 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.

Please note that VAT is payable on our costs and on some disbursements. In addition we also charge a bank transfer fee for sending money through the electronic bank system.

Disbursements may include the following:

Land Registry Official Copy Fee £12.00 estimated

Our charge for a same day bank fee in a residential transaction is

Bank Transfer Fee £30.00 (inc vat)

There may also be payments to third parties eg where the property is leasehold or freehold with communal areas subject to yearly fees to the landlord and /or management company and/or Managing agents for replies to LPE1 (Leasehold Property Enquiries) or FME1 (Freehold Management Enquiries)

In order to calculate the total costs associated with the purchase, you will need to add the legal costs together with the VAT, any disbursements (and where applicable the VAT on these items). 

 Assumptions

Our fee assumes that:

1. Any joint sellers are in agreement and they do not require separate correspondence or representation.
2. There are no title defects that need to be rectified or insured against.
3. The title is registered and vacant possession will be given on completion.
4. You have one lender (who is a Member of the Council of Mortgage Lenders) who is cooperative in respect of providing settlement figures when required.
5. If the property has been extended or altered that you are in possession of all the necessary documentary evidence of compliance with planning and building regulations.
6. You have full records and compliance certificate for all services
7. All ground rent and service charges are paid up to date and there are no disputes with your freeholder.