Sale costs
Our dedicated team of conveyancing solicitors in Birmingham are here to assist you. We will take full details of your matter and provide an accurate quote based on the work required to complete the sale of your property.
Our fees are fixed and not charged at an hourly rate. Our fees are generally dependent upon the sale price and the complexity of the matter. Typical fees based on the sale price are as follows:
£0 to £200,000 from £850.00 plus VAT
£200,001 to £500,000 from £900.00 plus VAT
£500,001 to £1,000,000 from £1,000.00 plus VAT
£1,000,001 and over from £1,150.00 plus VAT
We will add VAT to our fees at the rate that applies when the work is done. The current applicable rate is 20%. It is possible that unforeseen extra work may become necessary which falls outside the scope of the quotation, for example, due to unexpected difficulties or if your requirements or circumstances change significantly during the matter. If so, we will advise you of the estimated cost of the extra work and attempt to agree an amended charge with you before incurring any additional costs. If we cannot reach agreement, we will not undertake any further work and will charge you on an hourly basis for work to date.
What are disbursements?
Disbursements are costs related to your matter payable to third parties (e.g. Land Registry fees).
We handle the payment of the disbursements on your behalf to ensure a smoother process.
An estimate of the cost of typical disbursements incurred in respect of a freehold property sale are:
Anti-Money laundering
and ID check:£8.00 plus VAT per person Land Registry copies
of the title:£3.00 plus VAT per document
How long will my house sale take?
The average process takes between 8-12 weeks. How long it will take for your property to be sold will depend on several factors, including the complexity of your sale and the parties involved in the chain.
The sale of a leasehold property or an extension of lease may take longer than a straightforward freehold property sale.
What are the stages of selling a residential property?
It’s important to remember the precise stages involved in the sale of a residential property may vary according to the circumstances. Below is an indication of the key stages in a typical sale transaction:
- Take your instructions and give you initial advice
- Draft and issue contract documents
- Deal with enquiries raised by the buyer’s solicitor
- Obtain a settlement figure in respect of any mortgages secured against the property
- Attendance with you to sign or sending final contract to you for signature
- Agree completion date (date from which you will transfer the property to the buyer)
- Exchange contracts and notify you that this has happened
- Complete sale and redeem any mortgages secured against the property
