Freehold Sale

It can be quicker or slower, depending on the parties in the chain. For example, it can depend on how many parties are involved in the chain, or if your buyer is a first-time buyer with a mortgage in principle and there is no onward chain for yourself. We will keep you informed of progress throughout the transaction, explain the reasons for any delays and advise you if any additional unforeseen work becomes necessary.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have listed some key stages of the process:

Take your instructions and give you our initial advice
Supplying information to you and those involved with the transaction
Checking the title of the property you are selling
Dealing with any questions and enquiries raised by your buyer’s Solicitors
Approving the transfer deed to the buyers
Reporting and providing information to you relating to the property you are selling
Give you advice on all documents and information received
Send the final contract to you for signature
Agree a completion date (date from which you sell the property)
Exchange contracts and notify you that this has happened, following any necessary negotiations on the terms
Receiving from you any monies required to complete the sale
Completing your sale and accounting to you for the proceeds.
Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loan

How much will it cost?

Our fees cover all the work required to complete the sale of your home.

An example of our fees is given below; based on a direct freehold sale transaction in Bridlington at a sale price of £125,000 without a mortgage: –

Conveyancer’s fees & Disbursements

Legal Fees: £995.00 (+ VAT of £199.00)
Electronic money transfer Fee: £40.00 (+ VAT of £8.00)
Identification Fee: £35.00 (+ VAT of £7.00)
Case Management Fee: £30.00 (+ VAT of £6.00)
Archive Fee: £30.00 (+ VAT of £6.00)
Postage and Copying Fee: £30.00 (+ VAT of £6.00)
Office Copy Entries: £42.00

Subtotal: £1,202.00

Estimated total: £1434.00 (inc VAT)

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. This is not an exhaustive list and more unusual or none standard transactions can attract further disbursements, we will update you on any additional disbursements upon receipt of all documents

Our fee assumes that:

1
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
2
the transaction is concluded in a timely manner and no unforeseen complication arise
3
all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
4
no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.