Our fees cover all of the work required to complete the sale of your home, including dealing with your mortgage lender and paying off your mortgage (this assumes that you only have one mortgage)
Our fees and disbursements
Disbursements are costs related to your matter that are payable to third parties, such as the Land Registry. We handle the payment of the disbursements on your behalf to ensure a smoother process.
|£0- £200,000||£645 + vat||Official Copies of title||£6|
|£200,001 – £300,000||£745 + vat||Land Registry documents (each)||£3|
|£300,001 – £500,000||£845 + vat||Money transfer fee (each)||£36|
|£500,001 – £700,000||£945 + vat||Anti-money laundering ID checks ( each)||£10.|
|£700,001 – £900,000||£1045 + vat|
|£900,001 – £1,000,000||£1145 + vat|
|£1 million+ Fee % of agreed price||0.125% + vat|
|Extra costs where applicable|
|Unregistered land||Plus £150 + vat|
|Leasehold||Plus £150 + vat|
|Help to Buy Redemption||Plus £100 + vat|
|Paying off 2nd or other mortgages||Plus £75 + vat|
Example. For a freehold property in Buckingham costing £295,000, 2 sellers
- Legal fees £745
- VAT payable £149
- Official Copies of title £6.
- Land Registry transfer document £3
- Electronic money transfer fee £36
- Anti-money laundering ID checks (2) £20
- Subtotal £959
Leasehold Properties and Freehold Properties with Management Companies
There may be a further disbursements* for a Leasehold sale or the sale of a freehold property where there is a Management Company. This is for the ‘management pack’ which gives information for example about the payments made under the Lease or Transfer, the accounts, and any expected works .Often this is between £150-£300
*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.
If we found that the title was defective, or, if for example, there were planning permission or building regulations that had not been obtained this would lead to increased costs.
Please do contact us on Reception@chandlerray.co,uk for information specific to you or your property
How long will my house sale take?
The time that it will take from you accepting an offer until you can move out will depend on a number of factors. The average process takes between 10-14 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer and have nothing to buy, it could take 10-14 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 4-6 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, some key stages include:
- Take your instructions and give you initial advice
- Contact your lender to get an indication of what outstanding on your mortgage
- Obtain your replies to Property Information and Fixtures and Contents Forms
- Draft the contract
- Sending the contract and any related documentation to the buyers solicitors
- Obtain your answers to enquiries that the Buyers solicitor raises
- Obtain further documentation if required
- Send final contract to you for signature
- Agree completion date (this will be your moving date)
- Exchange contracts and notify you that this has happened
- Obtain the exact figure from your lender to repay your mortgage
- Prepare the financial statement showing you how much money you will receive
- Complete sale
- Repay your mortgage and prove that to the buyers solicitors
- Pay estate agents fees
- Send the balance of the sale money to you