Selling a Freehold Residential Property

The fees and processes below cover all of the work required that may be required to complete the sale of your residential property.

Assumed Purchase Price: £200,175

Conveyancer’s fees and disbursements

  • Legal fees are usually between £700 - £1450 | Average £750
  • Electronic money transfer fee: £0.00
  • VAT payable fee ranges between £140 - £290 | Average £150

Estimated total: £900

Referral fee (if any)

  • Amount of referral fee paid: Where we pay a referral fee, it is no more than £100 and we will disclose this at the time of taking your instructions.
  • The recipient of the referral fee will only ever be your estate agent

Disbursements

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.

Our experience is that 10% of all properties sold as Freehold have a Management Company maintaining the grounds. This cost could be between £100-£500.

Estimated Sub Total: £300

How long will my house sake take?

How long it will take from your offer being accepted until you can move into your house will depend on a number of factors. The average process takes between 6–12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer purchasing a new build property with a mortgage in principle, it could take 4-6 weeks.

Stages of the process

The key stages of the process include:

  • Take your initial instructions and provide initial advice;
  • Send you our letter of engagement and confirmation of instructions with Property Information Forms and Fixtures and Fittings and Contents form;
  • Obtain a copy of the title to the property and prepare a Contract.
  • Send the draft Contract, copy title documents, Property Information Forms and Fixtures, Fittings and Contents form to the Buyer's Solicitors.
  • Deal with enquiries the Buyers solicitors raise liaising with you as necessary;
  • Agree the terms of the Contract; 
  • Send the Contract to you to sign;
  • Prepare completion statement giving details of payments due to any existing mortgage lender, agent, legal fees etc;
  • Exchange contracts and notify you that this has happened; 
  • Complete sale;
  • Deal with redemption of any mortgage;
  • Deal with payment to estate agent for marketing fees;
  • Account to you with the sale proceeds;
  • Send Transfer Deed and any other documentation necessary to Buyers solicitors;

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