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 Can I complain about substandard medical treatment? https://t.co/fuQuMjSuGi 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw RT @BelstoneFC: A big 'thank you' to our fourth club sponsor for the 2020/21 season, Osbornes Law, @OsbornesLaw (https://t.co/OwekCvz59t), 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw RT @willnorman: New Strava data shows massive increase in number of people cycling. https://t.co/nkNNM03mUB 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw And it's back...one of our favourite posters is back up in #Camden tube station. https://t.co/qapBS6qxq8 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw RT @HeadwayELondon: "How do I know if I have a legal case, following a brain injury?" Our Casework members ask their most pressing legal q… 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Commercial property lawyer, Guy Osborn @OsbornesLaw highlights how the recent extension of commercial rent protecti… https://t.co/42SPnXSf8T 4 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Rules around birthing partners being present during scans, appointments and labour varies between trusts, and could… https://t.co/8bee3xukDH 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw @HeadwayELondon Just a little bit. 😉 Great to see members coming back to the centre. 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw RT @HeadwayELondon: "I need financial support straight away, and I'm building up debt, can a solicitor help me with this?" Our Casework me… 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Head over to @HeadwayELondon to watch the second in a series of legal questions that case work members have for the… https://t.co/44z5eDCv2y 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Sophie Davies, specialist brain injury lawyer @OsbornesLaw provides guidance for caseworkers @HeadwayELondon in a s… https://t.co/RwyVYWoni1 5 weeks ago
Osbornes Law Osbornes Law @OsbornesLaw Lights, Camera, Legal Advice! Head over to @HeadwayELondon to watch the first in a new series of 16 legal advice vi… https://t.co/GnnPyZMj0M 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

Your Privacy | Cookies Policy

Contact a Lawyer

Enter your details below to receive a call from Osbornes:


Trustpilot

Speak To A Lawyer

Request Callback