Selling a Property
Fees Involved When Selling A Property
Simon Nosworthy Partner
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*
|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|
You will only pay VAT on our legal fees and the cost to make an electronic money transfer.
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
"Great personal service from Simon and Emma. Always approachable and constantly looking for the best possible solution. Would definitely use their services again and have no hesitation in recommending them to friends and family!"
“Great service - we were kept informed of the progress of our sale without having to ask, Simon and Emma ensured the transaction ran to the agreed timetable and everyone we encountered in the firm were always helpful and friendly.”
“I highly recommend Simon Nosworthy… Our case was a bit more complicated than usual with a hard and fast deadline in the end. Simon has an eye for details and guided us through a frustrating conveyancing process. He got it over the line for us in the end which was a real joy to complete and move in”
I used Simon Nosworthy's team's services when selling a flat in N10, and would do it again in a heartbeat. The follow-ups were always prompt, and my questions were always answered quickly and accurately.
I am much indebted to Simon Nosworthy and his staff for the efficient completion of our sale.
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