Our fees cover all of the standard work required to complete the sale of the property, including dealing with the preparation of the contract paperwork, obtaining seller’s pack from landlord and/or management company, dealing with enquiries raised by the buyer’s solicitors, attending to exchange of contracts and completion.
|Leasehold sale price||Our fee||VAT||Total of our fee + VAT|
|Less than £300,000||£1555 – £1905||£311 – £381||£1866 – £2286|
|£300,001 to £500,000||£1805 – £2105||£361 – £421||£2166 – £2526|
|£500,001 to £800,000||£2005 – £2455||£401 – £491||£2406 – £2946|
|£800,001 and over||£2355+||£471+||£2826+|
These are payments which are additional costs that are payable to third parties.
The disbursements you may have to pay are:
We handle the payment of the disbursements on your behalf to ensure a smoother process.
The precise stages involved in the sale of a leasehold registered residential property vary according to the circumstances. However, below are the key stages generally included in the fees quoted for standard work:
Standard work does not include preparation of any epitome of title for unregistered land; additional work in relation to any existing tenancy including information on deposits, statements of rent and apportionment of rental income; obtaining any missing documents; new build properties; shared ownership sales; staircasing; varying terms of the Lease; any work to extend the Lease, approve any Lease extension or grant of a new Lease; dealing with any retention; sale by a company; auction repossessions; any additional mortgages, charging orders, Islamic mortgages or equitable loans registered against the title; any commercial mortgage or mortgage from a limited company; dealing with any solicitors acting on behalf of the buyer’s lender; dealing with retentions; any unforeseen matters or complexity such as, but not limited to, deeds of covenant or compliance with rent charges, listed buildings, more than one piece of land or title, compliance with restrictions on the register; resolving or suggesting ways to resolve any title defect including arranging any indemnity insurance policy, dealing with any shares in leasehold or management company for common facilities, preparing or approving a statutory declaration, and any other unusual features.
Standard work assumes all parties are co-operative and there is no unreasonable delay from third parties.
How long it will take from when you have accepted an offer until the sale completes will depend on a number of factors. The average process takes between 10 and 20 weeks, but this will very much depend on any chain and is for information purposes. However, it can be quicker or slower and will be affected by matters outside our control. For example, the matter may be prolonged if a buyer needs a mortgage while the lender’s survey is carried out, or if the Lease needs to be extended. Every party in the chain will need to agree a completion date. Please let us know if you have any specific time requirements and we will do our best to achieve this.