fbpx
Chevron pointing up icon

Selling a Property

Fees Involved When Selling A Property

Our fees and disbursements involved in selling a property.

Legal Fees Involved in Selling a Property:

Our fees will depend on the value when selling a property and whether its freehold or leasehold and will range from £950.00 to £2,225.00 plus VAT*

Sale disbursements:

Land Registry copy title register, plan and lease£3 per document
Landlord / managing agents’ fees for replies to standard form management enquiries ( for a leasehold property)£200 to £500 + VAT (if applicable) approximately
Telegraphic transfer fee £15.00 plus VAT
Estate agents fees £TBC
Mortgage redemption (if applicable) £TBC
ID check £7.20

VAT:
You will only pay VAT on our legal fees and the cost to make an electronic money transfer.

Referral fees:
For some transactions, we do pay referral fees. The amount of any referral fee will be disclosed to you at the commencement of the transaction. To be clear, these referral fees are paid by us to third parties and not by you.

What are disbursements:
These are costs related to your house or flat sale purchase that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure there is no delay in your sale.

We will redeem a mortgage registered against selling a property in completion of the sale. We will be able to provide you with a figure for the redemption amount once you have instructed us to act for you.

Please contact your estate agent to confirm the fees that you have agreed to pay them. Normally we will pay the estate agents fees out of the proceeds of sale on completion of the transaction.

Typical sale timescales and key stages
Timing of your conveyance will depend on a number of factors but, on average, a residential property sale takes 4 to 8 weeks. If you are in a chain, the timing of your transaction is likely to need to coincide with the other parties in that chain.

Key stages of the sale process are typically:

  • Receive your instructions, identification and other necessary details
  • Prepare and send sale documentation pack for buyer’s solicitor
  • Apply and supply assignment/management pack (leaseholds only)
  • Initial contact with lender (if redemption of mortgage is involved)
  • Respond to enquiries by buyer’s solicitor
  • Finalise contract for signature & confirm completion date
  • Exchange contracts
  • Complete sale, redeem mortgage(s) and transfer proceeds of sale as necessary

 

*Our fee assumes that:
Your property sale 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. The maximum fee shown is for a sale price of a leasehold property between £1,400,000.00 and £1,500,000.00. Please contact us for a quote if the purchase price is above £1,500,000.00

Speak to a Lawyer

Latest Property Law News


Osbornes Law Osbornes Law @OsbornesLaw If you are spending time on your bike during lockdown, it is important you are aware of the #HighwayCode for… https://t.co/LJBwESNU3o 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw @angelaM11 in the Housing and Social Care team @OsbornesLaw suggests contacting your local authority if you have lo… https://t.co/8tMfJev81t 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Housing and Social Care solicitor @mc_alexm outlines your rights during the #COVID19 pandemic when asked to leave y… https://t.co/04rKbNc0aA 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw @willfordosblaw partner in the Housing and Social Care team @OsbornesLaw on the impact of Coronavirus on public fun… https://t.co/GaC5jYjvKJ 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Staff @OsbornesLaw got creative last Sunday whilst taking part in the #TwoPointSixChallenge in support of… https://t.co/hgTp2JqSN6 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Suzanna Baker, solicitor in the Private Client team @OsbornesLaw explores the question ‘How can I help my father wi… https://t.co/lv3hixYMbl 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw RT @denisenottm: Fantastic - congratulations @swaine_laura Amazing job for @NHSCharities 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Congratulations to @swaine_laura who completed her @Worldin1Day challenge yesterday for @NHSCharities . She even c… https://t.co/pNI8KTlbDL 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw An update from our cyclist, @swaine_laura “It’s sore, it’s painful, but I’m on track to finish!” 🚴🏼‍♀️ Laura is cyc… https://t.co/w8x8xk41yN 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Leasehold Reform and COVID 19. Amber Larner-Bird, solicitor in the Property Law team @OsbornesLaw explores the ques… https://t.co/QdYriW7gGu 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Coronavirus: Government introduces further restrictions on recovery of rent by Commercial Landlords. https://t.co/fWRHuEuEA7 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw @SKightley managing partner @OsbornesLaw explores the question of why cyclists need liability insurance, in… https://t.co/nn56J79jBb 5 weeks ago

Introducing Your Property Law Legal Team

Osbornes has an experienced team of specialist property-law lawyers to assist with your case / situation

arrow pointing up

Camden

Livery House, 9 Pratt Street, London NW1 0AE
Tel: 020 7485 8811 Fax: 020 7485 5660
DX Number 57053 Camden Town

Hampstead

28A Hampstead High Street, Hampstead, NW3 1QA
Tel: 020 7485 8811 Fax: 020 7485 5660

Contact a Lawyer

Enter your details below to receive a call from Osbornes:


Trustpilot

Speak To A Lawyer

Speak

To a

Lawyer

  Request a Callback
close slider

Request a Callback