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Our fees include the work detailed below which is required to complete the sale of your house.
Our Estimated Fees
| Up to £250,000 | £1,250 + VAT (£1,500) |
| £250,000 – £500,000 | £1,350 + VAT (£1,620) |
| £500,000 – £750,000 | £1,500 + VAT (£1,800) |
| £750,000 – £1,000,000 | £1,750 + VAT (£2,100) |
| £1,000,000 – £1,500,000 | £2,000 + VAT (£2,400) |
| £1,500,000 – £2,000,000 | £2,500 + VAT (£3,000) |
| £2,000,000 + | Please contact us for a quote |
*VAT is currently chargeable at 20% of the fee
Additional Charges
| Administration & Petty Incidentals Fee | £75 plus VAT (£90) |
| Bank Transfer Fee | £35 plus VAT (£42) (per bank transfer) |
| ID Check Fee | £30 plus VAT (£36) (per individual client) |
Estimated 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.
The disbursements that we anticipate you will incur in connection with your purchase include:-
| Official copies of Land Registry title & plan | £10 – £20 |
How long will my house sale take?
How long it will take from accepting an offer until you can move will depend on a number of factors. The average process takes between 6-24 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if your buyer is a first time buyer, with a mortgage in principle, it could take 8 weeks. However, if you are buying another property and the transactions are in a long chain of transactions, this can take significantly longer, up to 6 months.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out below some key stages that will be undertaken:
- Taking your instructions and giving you initial advice
- Obtaining and investigating the title papers for the property
- Preparing the draft contract and title papers for the buyer’s solicitors
- Negotiating the sale contract and Transfer Deed
- Replying to pre-contract enquiries
- Sending the final contract and Transfer Deed to you for signature
- Agreeing the completion date (date from which you own the property and have to vacate the property)
- Exchanging contracts and notify you of exchange
- Forwarding a statement of account showing the balance due to you on completion
- Completing the sale
- Discharging any mortgage secured against the property (if applicable)
- Accounting to you for the net sale proceeds.
Disclaimer
Please note that this is an indication of our fees and disbursements only which 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
- 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.
How LEASE Law can help you
Please contact Jade Thomas (jade@leaselaw.co.uk or 0204 511 9100) or Joanna Botley (joanna@leaselaw.co.uk or 0204 511 9101) for a no obligation discussion about your proposed sale and for a personalised quotation of the fees and disbursements for your proposed purchase.
