Costs Information - Residential Freehold Sale

 

Our fees cover all of the work required to complete the sale of your home, including paying off your mortgage (if any) on completion of the sale. An idea of the costs involved is set out below but please contact us for a detailed quotation specific to the property you are selling.

Conveyancer's fees and disbursements

  • Legal fees based on the hourly rate of the fee earner acting (hourly rates)
  • Copy deeds from HM Land Registry £6.00 with a further £3.00 for every additional document which has to be ordered. No VAT is payable on these charges.
  • Electronic money transfer fee to pay off the mortgage (if any) £36.00 including VAT

Disbursements are costs related to your matter that are payable to third parties, such as the fee payable to the Land Registry for obtaining up to date copies of your deeds. We handle the payment of the disbursements on your behalf to ensure a smoother process.

How long will my house sale take?

How long it will take between you accepting an offer for your property and your sale completing will depend on a number of factors. The average process where there are no unexpected complications takes between 8 and 16 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you agree to sell to a first time buyer, or a buyer with no related sale, purchasing with a mortgage in principle, it could take 8 weeks. However, if you are selling to someone who has a property of their own to sell then the process could take longer as your buyer’s own sale will need to be tied in with their purchase.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages:

  • Take your instructions and give you initial advice
  • Obtaining an initial redemption statement from your mortgage lender (if any)
  • You will need to complete the usual forms which accompany the contract documentation and provide any supporting paperwork eg guarantees
  • Drafting the contract documents
  • Obtain further planning documentation if required
  • Dealing with enquiries raised by the buyer’s solicitor
  • Send final contract to you for signature
  • Agree completion date
  • Exchange contracts and notify you that this has happened
  • Obtain a final repayment figure for your mortgage (if any) and prepare the financial statement for approval
  • Complete Sale
  • Deal with repayment of the mortgage, payment to the estate agents and send the balance of the funds to you

Deal with removal of your mortgage at Land Registry

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CONTACT

 

NatWest Bank Chambers

The Homend

Ledbury

Herefordshire

HR8 1AB

 

T: 01531 632226

F: 01531 632481

E: enquiries@ormeandslade.co.uk

 

Company Number: 627 1967

VAT Number: 243 3527 50

 

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