Our Prices

Sale of Leasehold Property

Thank you for looking at our property services. Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling a home. We will guide you through each step of the transaction and tailor our service to your personal requirements, so you get exactly the service you need.

When it comes to selling a property, there are important decisions you need to make and we are here to ensure that your all your legal obligations are met. There are lots of boxes to tick and we want to assist you in selling your house quickly and efficiently, leaving you free to move on to your next property.

Why Us

We have an experienced team who understand the stresses involved in selling property. Our approach is a simple – we provide a first-class service from our expert team who make the difference by taking care of all the important legal details and removing any confusion and uncertainty from the process of selling a property.

Whether you are selling your property through an estate agent or privately, we will make everything as clear as possible. Our team are made up of highly qualified professionals who have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner.

We also recognise that communication is key, especially where there are complex issues to deal with, so will ensure you are always kept up-to-date and get answers to your questions in plain English.

We want you to feel confident that you are a priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We know property is often the biggest investment you have, so we want to offer a reliable, first-class service to protect that investment, while giving you value for money with no hidden fees.

We are proud to hold the CQS Accreditation, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

We know how important cost is when deciding who to use for your conveyancing, so we review our fees on a regular basis, taking into account clients’ feedback, so we can make sure we always offer great value.

    Our fees are set out as:

    Property Value

    • £0.00 - £200,000.00

    Fees and Disbursements

    • Legal Fee £675.00 - £750.00 plus vat
    • Telegraphic Transfer fee £25.00 plus vat
    • Electronic ID fee £10.00 plus vat (per person)
    • Office Copy entries £6.00 - £9.00
    • Land Registry search fee £3.00
    • Bankruptcy search fee £2.00 per name

    Property Value

    • £200,000.01 - £350,000.00

    Fees and Disbursements

    • Legal Fee £775.00 - £850.00 plus vat
    • Telegraphic Transfer fee £25.00 plus vat
    • Electronic ID fee £10.00 plus vat (per person)
    • Office Copy entries £6.00 - £9.00
    • Land Registry search fee £3.00
    • Bankruptcy search fee £2.00 per name

    Property Value

    • £350,000.01 - £500,000.00

    Fees and Disbursements

    • Legal Fee £900.00 - £950.00 plus vat
    • Telegraphic Transfer fee £25.00 plus vat
    • Electronic ID fee £10.00 plus vat (per person)
    • Office Copy entries £6.00 - £9.00
    • Land Registry search fee £3.00
    • Bankruptcy search fee £2.00 per name

    Additional cost information

    Factors that may lead to an increase in cost include:

    • If a legal title is defective or part of the property is unregistered
    • If crucial documents, we have previously requested from you or third parties have not been provided to us
    • The transactions concluded in a timely manner and no unforeseen complications arise
    • If you require to exchange or complete within 6 weeks of instructing us
    • If you require simultaneous exchange and completion

    We typically work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction. If during the transaction there is a new development, additional costs may arise due to the particular circumstances of the transaction, or in response to additional advice or recommendations from ourselves  We will advise you and if that is the case, we will inform you about any additional costs when they arise.  Please see a non-exhaustive list of examples and the fees we charge below:

    • Unregistered Property £100.00
    • Effecting Indemnity Policy £40.00
    • Repayment of Loan on condition of Mortgage Offer £75.00
    • Reconstitute Lost Title Deeds £200.00
    • Leasehold Titles £150.00
    • Dealing with Solar Panels £125.00
    • Statutory declaration (from) £125.00
    • Declaration of trust £150.00
    • Licence to Occupy £100.00
    • Obtaining Copies of Lost Deeds £150.00
    • Extensive Additional Enquiries £50.00
    • Dealing with Second Mortgage Loan (or top up loan) £50.00
    • Removal of Restriction£100.00
    • Joint Access Deeds £250.00
    • Discharge of second charge £50.00
    • Intensive Client Attendance £100.00

    What happens if the transaction does not complete

    If the transaction does not complete we shall make a charge for the work carried out up to the date / cessation as follows:

    Stage:1      Upon commencement of drafting documentation or perusing draft documentation received we will make a charge that                                   represents 25% of the fees quoted.

    Stage: 2     Upon finalising the draft documentation we will make a charge up to a maximum of £250.00 plus VAT.

    Plus disbursements incurred

    Exclusions

    We do not undertake tax advice.

      Time Scales

      For any transaction, the timescales are subject to change depending on when your offer is accepted and other factors involved, such as:

      • Number of parties in the chain
      • Whether the buyer has a mortgage in place
      • Whether the buyer requests lease extension for a leasehold property
      • Whether the searches flag up any issues
      • Whether buyer’s Survey shows up any issues
      • Buyer’s Enquiries

      A typical transaction will take between 10-14 weeks. However, if any of the above apply or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.

      Key Milestones

      With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

      • Taking your instructions and giving initial advised based on the information you have provided
      • Checking finances are in place for the buyer to fund the purchase
      • Drafting contracts of sale and any other necessary documents and reviewing these with you
      • Sending the contacts of sale to the buyer’s solicitor and dealing with any enquires they have
      • Providing advice on all documents and information received
      • Finalising the contract and sending to you for signature
      • Agreeing a completion date (the date from which the buyer will legally own the property)
      • Exchanging contracts and notify you that this has happened
      • Completing the purchase

      For more information about the sale of your property, please contact:

      Mr Steve Taylor, Miss Jessica Mason or Mrs Anna Betteridge in our conveyancing team on 01302 340005 or by email to info@malcolmcfoy.co.uk