Selling your home is a major milestone, and at HM & Co. Solicitors, we understand how important it is for you to have clarity when it comes to legal fees. Conveyancing involves several stages, and while costs can vary depending on your specific transaction, this guide provides an overview of typical fees and expenses you may encounter during the process.
If you’d like a personalised quote tailored to your specific situation, don’t hesitate to contact us.
Typical Residential Conveyancing Fees
Our legal fees for handling residential property sales typically range between £450 and £1,900 (inclusive of VAT at 20%). The cost will depend on the complexity of the transaction, whether the property is freehold or leasehold, and other factors.
Additional Fees (Where Applicable)
These fees are included within the general fee range but may apply depending on your specific transaction. Examples include:
- Leasehold Fee
- ID Verification Fee
- Banking and Bank Charges Fee
- Maintaining Archive Fee
- Office Copy Fee
Disbursements (Not Included in Legal Fees)
Disbursements are expenses paid to third parties on your behalf, and they vary depending on the property type and the specifics of the transaction. Some examples include:
| Disbursement | Typical Range |
|---|---|
| Leasehold/Management Information Pack | £100 to £450 per pack (may require two packs if both a landlord and management company are involved) |
| Land Registry Office Copies | Costs vary based on property details |
We will confirm all disbursements applicable to your transaction once we’ve reviewed the property documents.
Important Assumptions for Our Fee Estimates
Our fee estimates are based on the following assumptions. If any of these conditions are not met, we may need to revise the quote:
- The property is registered land.
- All necessary title documents are provided, and we do not need to reconstitute the title or address missing documents.
- There are no title defects or issues requiring indemnity insurance, statutory declarations, or Land Registry applications.
- No third-party consents are required.
- The sale is the assignment of an existing lease, not the grant of a new lease.
- The transaction proceeds in a timely manner without complications or delays.
- All parties are cooperative, and there are no unreasonable delays from third parties.
If any unforeseen complications arise, such as defective titles or complex leasehold issues, we will discuss additional costs with you before proceeding.
How Long Will My House Sale Take?
On average, a conveyancing transaction takes between 15 to 20 weeks from instruction to completion. However, the timeline can vary based on factors such as:
- Delays by third parties (e.g., the buyer’s solicitor).
- Delays in the chain (e.g., waiting for other transactions to complete).
- Probate or divorce proceedings involving the property.
- The complexity of the property title (e.g., freehold vs. leasehold).
- Obtaining information from third parties, such as landlords or management companies.
We will keep you updated throughout the process and work to minimise any delays.
Key Stages of the Conveyancing Process
The specific stages involved in selling a residential property will vary, but a standard sale transaction usually includes:
- Initial Instructions: We take your instructions and provide initial advice.
- Preparing the Contract: We prepare the contract for sale and issue it to the buyer’s solicitors.
- Responding to Enquiries: We respond to any additional or standard enquiries raised by the buyer’s solicitors.
- Liaising Between Parties: We maintain communication between you and the buyer’s solicitor to address any concerns.
- Exchanging Contracts: Once both parties are satisfied, we arrange for the exchange of contracts.
- Completion: We handle the transfer of funds and complete the sale.
- Post-Completion Matters: We finalise any outstanding legal matters following completion.
Additional Stages for Leasehold or Managed Freehold Properties
If you are selling a leasehold property or a freehold property with a management company, the following additional steps may be required:
- Providing the Leasehold or Management Information Pack to the buyer’s solicitor.
- Liaising with the landlord and/or management company to provide information or obtain necessary consents.
- Responding to additional enquiries raised by the buyer’s solicitor concerning the lease or management pack.
Why Choose HM & Co. Solicitors for Your Conveyancing Needs?
At HM & Co. Solicitors, we are committed to providing clear, competitive pricing and expert legal guidance. Our experienced team will handle your conveyancing process efficiently and ensure that you are kept informed at every stage.
Contact Us for a Personalised Quote
We understand that every property sale is unique, which is why we provide detailed quotes specific to your transaction. Contact us today to discuss your needs and receive a no-obligation quote.
- Visit us: 186 Lower Road, Surrey Quays, London SE16 2UN
- Call us: 0207 112 8180
- Email us: info@hmsolicitorsltd.com
We look forward to assisting you in making your property sale smooth and successful.
