email: enquiries@parchmentlawgroup.co.uk
Tel: 01753 890023


RESIDENTIAL PROPERTY SALES

Our fees cover all work required to complete the sale of your property, including the repayment of any mortgages, if applicable.

Fees – Freehold Property

Range from £650.00 plus VAT to £3,000.00 plus VAT.

Fees – Leasehold Property

Range from £750.00 plus VAT to £3,000.00 plus VAT.

Up to date Land Registry Documents

£3.00 per document.

Electronic ID Check

£5.00 plus VAT per person.

Electronic Money Transfer

£30.00 plus VAT per payment.

Leasehold Information Pack

To be confirmed (this will vary according to the landlord / managing agent and will be confirmed on each sale).

Licence to Assign

To be confirmed if the property is leasehold (this will vary according to the landlord / managing agent and will be confirmed on each sale).

 

The range of our legal fees is based on a maximum sale price of a property of £3 million. If the sale price of the property exceeds £3 million our fees may be more, and a fixed fee estimate can be provided on request. Our fees and the disbursements vary from property to property. Please email enquiries@parchmentlawgroup.co.uk or call 01753 890023 so that you can contact one of our experienced solicitors. They will be able to obtain the relevant information from you to provide you with an accurate and tailored estimate of the costs at the start.

 

Our fees assume that:

  1. 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.

  2. all key documents are supplied at the outset.

  3. the transaction is concluded in a timely manner and no unforeseen complications arise.

  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.

  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Disbursements are costs related to your sale that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. If you are selling a leasehold property, there may be additional disbursements that are set out in your lease or fixed by the landlord or managing agent. Each property will be different, and we will be able to give you the exact figure once we have checked the documents and received the information for your property.

 

How long will my sale take?

How long it will take from your offer being accepted until you can sell your property will depend on several factors. The average sale takes between 8 - 12 weeks from offer to completion. It can be quicker or slower, depending on the parties in the chain. If there is a long chain of buyers and sellers whose transactions are all linked, this would increase the time taken.

If you are selling a leasehold property that requires additional information to be obtained from your landlord / managing agent, this can also affect the timing of the sale as there can be delays in or receiving the information. When supplied the buyer’s lawyers can raise additional enquiries.

 

Stages of the sale process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, we set out some key stages below :

  • Take your instructions and give you initial advice.

  • Obtain a copy of the title deeds from the Land Registry and check these for you. If the property is leasehold, obtain a copy of the lease.

  • Draft the contract which is sent with supporting documents to your buyer’s lawyers.

  • If you have a mortgage on the property, contact your lender and obtain a redemption statement.

  • Send the leasehold sale pack to the buyer’s lawyers.

  • With your assistance, deal with any enquiries raised by the buyer’s solicitors.

  • Source any documents that may be missing from third parties, an example would be planning documents or building warranties.

  • Send contract and transfer deed to you for your signature.

  • When all parties are ready, discuss exchange and completion dates.

  • Exchange contracts and notify you that this has happened.

  • Obtain a final redemption statement from your lender.

  • Obtain an up to date statement from the landlords / managing agents.

  • Send you a financial completion statement.

  • Complete purchase and receive the monies from the buyer’s lawyers.

  • Deal with repayment of any mortgage and the estate agents if appropriate.

  • If the property is leasehold, pay any ground rent and service charges that may be due to the landlords.

  • Send deeds to the buyer’s solicitors.

  • Send confirmation of completion to you.

  • If applicable, receive notification from your lender that your mortgage has been repaid and send this to the buyer’s solicitors.