Legal Fee Information for Sale of a Freehold or Leasehold Residential Property
Introduction
Our Legal Fees cover all of the work required to complete the sale of your home.
Legal Fees
Legal Fees is the amount you will be required to pay for all of the work performed by us in actioning your instructions, from commencement of your case to conclusion.
Sale Price | Fee | VAT | Total | Additional Fee |
£0 to £250,000 | £ 950.00 | £ 190.00 | £ 1,140.00 | |
£250,001 to £400,000 | £ 1,100.00 | £ 220.00 | £ 1,320.00 | |
£400,001 to £500,000 | £ 1,200.00 | £ 240.00 | £ 1,440.00 | |
£500,001 to £600,000 | £ 1,300.00 | £ 260.00 | £ 1,560.00 | |
£600,001 to £700,000 | £ 1,400.00 | £ 280.00 | £ 1,680.00 | |
£701,000 to £999,999 | £ 1,500.00 | £ 300.00 | £ 1,800.00 | |
£1,000,000 to £1,500,000 | £ 2,000.00 | £ 400.00 | £ 2,400.00 | |
£1,500,001 + | £ 2,500.00 | £ 500.00 | £ 3,000.00 | 0.1% of Sale Price |
All of the above fee’s are subject to a £350.00 plus VAT fee if the property is Leasehold.
If at any stage our fees change, we will notify you and discuss the reason for any changes. This would typically occur if you change your instructions or your case involves an unforeseen complexity.
Our average fees assume that:
Disbursements and Other Costs
While our fixed fee covers the standard conveyancing process, some matters may involve additional work. Below is a list of potential extra charges that may apply depending on your transaction. These charges are not included in any standard fees quoted, and VAT will be added at the prevailing rate.
Description | Fee |
Dealing with an Unregistered Title Dealing with epitome of title | £350.00 |
Mortgage/Charge Redemption Fee, per charge | £150.00 |
Help to Buy Redemption | £295.00 |
Dealing with Management Company/Freeholder | £350.00 |
Share of Freehold | £250.00 |
CHAPS Transfer Fee, per transfer | £55.00 |
BACS Transfer Fee, per transfer | £10.00 |
Deeds of Covenant | from £150.00 |
Deed of Variation | £750.00 |
Preparation of a Statutory Declaration | £250.00 |
Acting on behalf of Mortgage Lender | £195.00 |
Additional Charge for Mortgage Lenders using the LMS/Smoove/Lender Exchange Portal: (List of Lenders on Request) | £50.00 |
Non-High Street Lender Additional Charges | from £195.00 |
Obtaining duplicate FENSA Certificate/Planning Permission and Building Regulation Approval | £50.00 |
Shared Ownership Surcharge | £250.00 |
Dealing with Staircasing | £250.00 |
Gifted Deposit | £250.00 |
First Home Scheme | £150.00 |
Independent Legal Advice | £500.00 |
Help to Buy Scheme | £250.00 |
Help to Buy ISA Scheme | £50.00 |
Lifetime ISA Scheme | £75.00 |
Acting on Purchase by a Company | £350.00 |
Dealing with a in favour of a Company Mortgage | £250.00 |
Dealing with Retention Monies Held | £200.00 |
Dealing with Managing Agents | £150.00 |
Transfer of Shares of Management Company | £100.00 |
Transfer of Equity | £850.00 |
Providing Undertakings, per undertaking | from £75.00 |
Dealing with Bankruptcy Issues | from £250.00 |
Drafting of Declaration of Trust, pending assessment by Private Client Team | from TBA |
Obtaining Indemnity Insurance Policy (Determined by Risk and Value) Per Policy | from £95.00 |
Solar Panel Fee (Checking, Advising and Assigning as/needed or required) | £350.00 |
Expedited Matter (Prioritisation of Correspondence/Emails) | from £395.00 |
Post Completion Dispute Resolution | POA |
Alterations of the transaction post exchange/post completion | from £300.00 |
Form ID1 | £150.00 |
SDLT Assessment | £50.00 |
Dealing with Management Company on a Leasehold Transaction | £250.00 |
Dealing with Third Party Solicitors in addition to buyer/seller Solicitors | £200.00 |
Building Safety Act | £1,500.00 |
Building Safety Act for Sale | £950.00 |
Completing Within 5 working days of Exchange | £150.00 |
Confirmation of Ownership fee | £60.00 |
Acting on a Company/Commercial Mortgage | £250.00 |
Disbursements are costs related to your matter 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.
You will be provided with a full list of disbursements in our formal quotation. If you need to incur any further disbursements during your case, you will be notified in advance of the reason and the amount.
The following disbursements and other costs may apply in your matter.
These fees will vary from property to property and can on occasions be significantly more than the ranges given above. We will give you an accurate figure once we have sight of your specific documents.
How long will my property sale take?
How long it will take from your acceptance of an offer to the final sale of your property will depend on a number of factors.
It can be quicker or slower, depending on a number of factors and we will notify you if we believe your transaction may take longer than average or if something occurs in your case to extend the transaction time.
If you are selling a leasehold property that requires an extension of the lease, this can take longer. In such a situation, additional charges would apply and we will notify you of the additional charges and time estimate when we, or the buyers, solicitors have engaged the landlord to discuss the extension.
Stages of the Process
The precise stages involved in the sale of a residential property vary according to the circumstances.
We have set out the key stages of a standard transaction: –
Other Factors
Other Factors to consider which may affect your Legal Fees: –
These fees vary from property to property and can on occasion, be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.
Fee Earners
The following fee earners handle Residential Property matters:
Questions
If you have any questions relating to our services and our fees, please contact us on 0208 175 6733 or email us at enquiries@crownlawsolicitors.com