Our fees cover all of the work required to complete the sale of your property, including redeeming any exiting mortgage.
Please see our costs here. You may notice that we include fewer items than other providers in our charges. That is not because we have any “hidden” charges, but because we consider matters such as checking your ID and the details of other lawyers to be essential parts of our work, and don’t expect you to make separate payments to us for this.
Our fee 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
- that you have al appropriate planning and building regulation documents
- 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
How long it will take from your accepting an offer to the buyer moving in depends on a number of factors, such as the circumstances of others in the chain. Typical transactions take 4-12 weeks.
It can be quicker or slower; if you are selling to a cash buyer with no chain, this is likely to be a quicker process than if you are selling to a person who has a long chain below them. If there are serious issues with a property, such as a leasehold property requiring a lease extension, or where it transpires that part of your garden isn’t within the title, a transaction might take up to 6 months. In such, a situation additional charges would apply.
The precise stages involved in the sale of a residential property vary according to the circumstances. However, here is a general guide to the work we will do.
- Take your instructions and give you initial advice
- Check your title at the Land Registry, or examine your title deeds
- Prepare contracts
- Ask you to complete the Property Information Form and obtain duplicates of missing guarantees etc
- Obtain further planning or title documentation if required
- Respond to enquiries raised by the buyer’s solicitors
- Give you advice on all documents and information prepared
- Meet with you to sign the documentation
- Agree completion date (date from which you will no longer own the property)
- Exchange contracts (commit you to the sale) and notify you that this has happened
- Complete sale
- Redeem any mortgage and send you the sale proceeds
You are likely to have to pay a charge to the Landlord or Managing agent if you are selling a flat, so that they will provide us with necessary information for the buyer. These fees vary from property to property, and it is therefore difficult for us to give an estimate. We can give you an accurate figure once we have sight of your specific documents, but a fee of approximately £150.00 is typical. Such fees are not usually payable on leasehold houses in this area but every property is different.
If there are any arrears with the ground rent or any service change, this will need to be settled prior to the sale.