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  Solicitors Bude Cornwall   Our Services - Residential Sale Fees Holsworthy Solicitors

 

Thank you for your interest in our conveyancing services for the sale of your property.

Our fees cover the normal work required to complete the sale of your home, including obtaining title documents from HM Land Registry.

Residential Sale Fees

These fees apply to the sale of a normal residential property with a registered title which is not a new build. They exclude redeeming a mortgage and the additional legal fees and payments to third parties set out below. All legal fees are exclusive of VAT at the prevailing rate, currently 20%.

Property value Legal fee VAT at 20% Total
£0 - £350,000£1,400.00£280.00£1,680.00
£350,001 - £450,000£1,600.00£320.00£1,920.00
£450,001 - £550,000£1,900.00£380.00£2,280.00
£550,001 - £650,000£2,100.00£420.00£2,520.00
£650,001 - £750,000£2,400.00£480.00£2,880.00
£750,001 - £850,000£2,900.00£580.00£3,480.00
£850,001 - £950,000£3,200.00£640.00£3,840.00
Over £950,000Price on application
Additional Legal Fees

Additional work Legal fee VAT at 20% Total
Redeeming one standard mortgage£150.00£30.00£180.00
Unregistered title£375.00£75.00£450.00
Leasehold property£350.00£70.00£420.00
Transfer of part£450.00 minimum£90.00 minimum£540.00 minimum
The additional fees are added to the standard fee shown above. More than one additional fee may apply. We will provide a personalised estimate once we understand the property and your circumstances.

Other Usual Charges

Charge Cost VAT Total
Money transfer administration fee to pay you the sale proceeds£30.00£7.00£37.00
Money transfer administration fee to repay each mortgage£30.00£7.00£37.00
HM Land Registry title documents (estimated for a freehold title)£22.00£4.40£26.40
Leasehold and Freehold Management Charges

If the property is leasehold or subject to freehold estate or service charges, the landlord, management company or estate owner may charge for providing a management information pack or replies to standard enquiries. These are not our fees and vary between properties. The charge is often between £350 plus VAT and £650 plus VAT. Any arrears of rent, service charge or estate charge will also need to be paid.

How long will my house sale take?

Each sale is different and depends on all parties, any chain and other matters affecting the property. A normal sale commonly takes between 6 and 16 weeks from acceptance of the offer to completion. It may be quicker or slower. A lease extension, title problem or other non-standard issue can significantly increase the timescale.

Exclusions

Our fee estimate is based on a normal residential sale. Further fees may apply for additional or unforeseen work, including:

• an urgent transaction with a short timescale;
• title defects or missing deeds or documents;
• a new-build property or a property built within the last 10 years;
• planning or building regulation issues;
• indemnity insurance;
• bridging, lifetime, equity-release or other non-standard mortgages;
• a lender represented by a separate firm for redemption;
• shared ownership or a right-to-buy property within its clawback period; or
• an auction sale.

This list is not exhaustive. We will discuss any additional work and fees with you.

Stages of the Process

The precise stages vary, but a normal sale usually includes:

• taking your instructions and providing initial advice;
• checking your identity;
• reviewing the property information forms and title;
• obtaining initial mortgage redemption figures, if applicable;
• preparing and issuing the contract papers;
• obtaining management information where required;
• replying to the buyer's enquiries with your input;
• arranging signature of the contract and other documents;
• agreeing a completion date and exchanging contracts;
• obtaining final mortgage redemption figures;
• completing the sale and repaying any mortgage; and
• paying the net sale proceeds to you.

 
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Solicitors in Bude: The Strand, Bude, Cornwall, EX23 8SY  SRA No: 464394
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Paul Finn Solicitors is a trading name of Paul Finn Solicitors Ltd. Company No: 6230052. Registered in England and Wales.
Registered Office: The Strand, Bude, Cornwall, EX23 8SY. VAT Reg No:  GB 825 1887 11
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Successor to the former firm of Finn & Busby and Sampson Solicitors