Sale of a Leasehold Residential Property 
Conveyancing fees
Our fees cover all the work required to complete the sale of your home.
All our prices quoted are exclusive of VAT
Value of Transaction Conveyancing fees
- £0.00 to £100,000 £1,025.00
- £100,000 to £150,000 £1,050.00
- £150,000 to £200,000 £1,075.00
- £200,000 to £250,000 £1,150.00
- £250,000 to £300,000 £1,250.00
- £300,000 to £350,000 £1,325.00
- £350,000 to £400,000 £1,400.00
- £400,000 to £450,000 £1,475.00
- £450,000 to £500,000 £1,550.00
- Over £500,000 – To be advised upon request for quote
Other Potential Fees
Additional legal fees of £250.00 would be added if the sale relates to a Shared Ownership property or of there is a Help to Buy element.
We charge the sum of £35.00 for each Electronic Transfer of Funds (CHAPS/TT)
Disbursements on a Leasehold Residential Sale:
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.
Land Registry Fees for Official Copy Entries of the Register £6.00 (plus VAT).
There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease.
Such disbursements can vary from property to property and on occasion can be significantly more than anticipated.
Management pack fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 to £400.00 (plus VAT).
We can provide you with an accurate figure once we have sight of your specific documents.
The services included in our fees cover the following key stages:
- Taking your initial instructions
- We obtain your deeds from wherever they are held;
- We prepare and send out a contract and other supporting documents;
- We supply the property information form and completed list of fittings to the buyer’s Solicitor. You will be sent these for completion and return to us;
- We obtain from you details of the ground rent maintenance charges and buildings insurance arrangements;
- We “progress chase” regularly and then report periodically to you and in particular should there be problems;
- We send the contract to you to sign along with an explanation;
- We exchange contracts with the buyer’s Solicitors and advise you;
- If there are selling agents we notify them that contracts have been exchanged and, when we receive their bill, we check with you that it is in order and then pay it;
- We approve the transfer document submitted by the buyer’s Solicitors and obtain your signature to it;
- We calculate any apportionments and deal with these on completion;
- We ascertain what is required to redeem any existing mortgage and discharge it when the sale is completed;
- We complete the transaction with the buyer’s Solicitor, and
- We report completion to you and account by bank transfer for any money due to you.
How long will my Leasehold Residential Sale take
This will depend on the individual circumstances of your sale.
We estimate between 12-15 weeks for leasehold properties. These types of properties are dependent on information from third parties such as management companies and as such we have no control on how quickly they will respond to enquiries raised or provide management company information. The estimate is based on all parties being ready to proceed and there are no extenuating circumstances that would hold up the process or prevent others or us in the chain from proceeding within this reasonable time scale.
The process may be quicker or slower, depending upon any chain.
Furthermore, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such a situation additional charges would apply.
Please note that our fees are exclusive of VAT and assumes that:
- It 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;
- It is the assignment of an existing lease and is not the grant of a new lease;
- 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, and
- No indemnity policies are required. Additional costs and disbursements may apply if indemnity policies are required.