Sale of a residential property

What is included within the fee?

Taking your instructions
Verifying your identity
Giving you initial advice
Obtaining Title documentation
Providing Property Information Forms for your completion
Drafting Contract
Dealing with any enquiries raised by the buyer’s solicitor
Giving you advice on all documents and information received
Approving draft transfer
Sending final contract to you for signature
Agreeing completion date
Obtaining a redemption statement from your lender if you have a mortgage
Exchanging contracts and notifying you that this has happened
Completing sale
Paying estate agents and redeeming mortgage and account to you for net sale proceeds

What are disbursements?

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the property.

The precise stages involved in the sale of a residential leasehold property vary according to the circumstances, but generally, in addition to the above stages of the process we will review the lease, obtain replies to enquiries from the Freeholder/ Management Company and deal with any additional leasehold enquiries that may be raised.

How long will my house sale take?

We will endeavour to complete this matter as soon as possible. We would ordinarily hope to complete within 10 to 12 weeks from receipt of your signed instructions and identification check, the speed of progress will be dependent upon many factors, including property type, the position of the other parties in the chain and particularly in relation to mortgages, results of searches, and any additional enquiries which need to be raised/answered.

Our fee assumes that:

This is a standard transaction and no unforeseen matters arise for example a defect in title which requires remedying prior to completion or preparation of additional documents ancillary to the main transaction
If the property is leasehold, it is the assignment of an existing lease and is not the grant of a new lease
All parties are co-operative with no unreasonable delay from third parties providing documentation
No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
The property is not a new build
The property is registered at the Land Registry
There is only one mortgage/charge secured against the property
You do not have an equity mortgage on the property

Conveyancing

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