Our fee covers all the work required to complete the sale of your property, including repaying any loan to a bank.
Conveyancer’s fees and disbursements:
We base our fees for standard sales on the following scaled rates:
- Minimum fee capped at £2,500
- Up to £500,000 0.6% of the purchase price
- Up to £1,000,000 0.4% of the purchase price
- Up to £2,000,000 0.35% of the purchase price
- Up to £3,000,000 0.3% of the purchase price
- Up to £5,000,000 0.25% of the purchase price
- In excess of £5,000,000 fee to be agreed
Our fees are exclusive of Value Added Tax (currently 20%) and disbursements.
Disbursements are costs related to your matter that are payable to third parties, such as landlord’s fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
- HM Land Registry fee: The cost will be between £100 to £200. These fees vary on what documents we need to obtain from the Land Registry. We can give you an accurate figure once we know the purchase price.
- Planning and building regulation copy documentation: The cost will be between £10 to £75. These fees vary depending on each local authority. We can give you an accurate figure once we know what we need to obtain.
- Electronic money transfer fee: £30 plus VAT (£36 total) for each same day CHAPS and £3 plus VAT (£3.60 total) for a three day BACS
- VAT at 20%
Stages of a sale
The precise stages involved in the sale of a residential freehold and leasehold property vary according to the circumstances. The stages for selling a freehold or leasehold property and our scope of work includes:
- Taking your instructions and give you initial advice
- Preparing a sales pack comprising title information, tenancy documentation, planning information and standard replies to enquiries (with your input)
- Drafting, negotiating and agreeing the sale and purchase agreement
- Negotiating and agreeing the form of transfer to the buyer
- Dealing with additional enquiries raised by the buyer’s solicitors and preparing replies to those enquiries with your input
- Send final contract to you for signature
- Advising you on the terms of the sale
- Agreeing a completion date (date from which you will sell the property)
- Exchange contracts and notify you that this has happened
- Completing the purchase
- Repaying any bank loan, agents fees and sending you the net proceeds of sale
Get In Touch
If you are experiencing problems in your workplace and are looking for a team of employment law specialists working in Bristol, get in touch with us here at BS SINGH & CO LLP today