Residential Sale Pricing
Why Us
Please be advised that the quotation provided is currently an estimate only at this stage. Should it transpire that the Leasehold property is affected by the provisions of the Building Safety Act 2022 then we reserve the right to increase our fees to account for the additional work involved to meet requirements.
The fees involved in any transaction are important and we review our fees on a regular basis, considering client’s feedback to ensure we always offer good value for money. 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, we will discuss the change in fees with you and agree a way forward.
Our fees are set out as:
Freehold Residential Sale Property
Our fees cover all the work required to complete the sale of your current home.
These are the same figures our online calculator uses, so your quote will match.
| Legal fee | Amount | VAT | Total |
|---|---|---|---|
| Sale price up to £125,000 | £835 | £167 | £1,002 |
| Sale price £125,001 to £200,000 | £890 | £178 | £1,068 |
| Sale price £200,001 to £350,000 | £990 | £198 | £1,188 |
| Sale price £350,001 to £500,000 | £1,115 | £223 | £1,338 |
| Sale price £500,001 to £700,000 | £1,215 | £243 | £1,458 |
| Sale price £700,001 to £850,000 | £1,310 | £262 | £1,572 |
| Sale price £850,001 to £1,000,000 | £1,405 | £281 | £1,686 |
| Sale price over £1,000,000 | 0.15% of the price plus VAT | ||
| Supplements, where they apply | |||
| Leasehold supplement | £250 | £50 | £300 |
| Disbursements (paid to third parties) | |||
| Office copy register and plan (freehold) | £17.60 | No VAT | £17.60 |
| Office copy register and plan (leasehold) | £44 | No VAT | £44 |
| Onboarding and ID check (per person) | £16.80 | No VAT | £16.80 |
| Bankruptcy search (per person) | £7.80 | No VAT | £7.80 |
| Same day bank transfer | £42 | No VAT | £42 |
Other charges, only where they apply
These are not part of every transaction and are not included in the online quote. If one applies to you, we will tell you before we start.
| Item | Amount | VAT | Total |
|---|---|---|---|
| Probate Sale Supplement | £100.00 | £20.00 | £120.00 |
| Additional Executor Supplement (per person) | £50.00 | £10.00 | £60.00 |
| Mortgage Redemption Admin fee | £25.00 | £5.00 | £30.00 |
| HM Land Registry Index Map Search (per title - unregistered title) | £4.75 | £0.95 | £5.70 |
| Lawyer Checker Check (if required) | £18.00 | £3.60 | £21.60 |
If you are selling a Leasehold property, we will be required to obtain a Landlord Leasehold Sale Pack from the Freeholder/Managing Agents. A fee is payable directly to the Freeholder/ Managing Agents for this pack and the fee will vary depending upon the terms of the Lease.
Exclusions
We do not undertake tax advice.
Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
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 have not been provided to us
- If you require to exchange within 6 weeks of instructing us
- If you require completion within 6 weeks of instructing us
- If you require simultaneous exchange and completion
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 8 and 12 weeks. Selling a leasehold property can take an extra 4 to 6 weeks, while the management information is obtained from the landlord or management company and their requirements are dealt with. If any of the other factors above apply, it may take longer 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
Example total costs
These are real quotes using our current figures, so you can see the total cost. Your own quote depends on the price, the property and your circumstances.
| Our legal fee | £890 |
| VAT at 20% | £178 |
| ID check (2 people) | £33.60 |
| Bankruptcy search (2 people) | £15.60 |
| Office copy register and plan | £17.60 |
| Same day bank transfer | £42 |
| Total cost | £1,176.80 |
| Our legal fee | £890 |
| Leasehold supplement | £250 |
| VAT at 20% | £228 |
| ID check (1 person) | £16.80 |
| Bankruptcy search (1 person) | £7.80 |
| Office copy register and plan | £44 |
| Same day bank transfer | £42 |
| Total cost | £1,478.60 |
How long it usually takes
A typical transaction takes 8 to 12 weeks. Stages overlap, and chains, mortgages and searches can all change the timings.
- 1Instruct usID checks and property information forms
- 2Title and draft contractTitle documents obtained, draft contract sent to the buyer
- 3Enquiries and signingBuyer enquiries answered, you sign the contract
- 4Exchange and completionCompletion date agreed, contracts exchanged, money received
Key stages and how long each takes
A typical transaction takes 8 to 12 weeks. This is how that time usually breaks down. Every transaction is different, and chains, mortgages and searches can all change the timings.
- Week 1You instruct us. We carry out ID checks and send you the property information forms to complete.
- Weeks 1 to 4We obtain your title documents and send the draft contract to the buyer’s solicitor.
- Weeks 4 to 8We answer the buyer’s solicitor’s enquiries and send you the contract to sign.
- Weeks 8 to 12We agree a completion date and exchange contracts. On completion day we receive the money, pay off any mortgage and pay your estate agent.
Who will deal with your matter
All of our residential conveyancing is supervised by Jenny Musgrave, Partner and Head of Conveyancing. Your matter will be handled by one of the people below.
Jenny MusgravePartner and Head of ConveyancingQualified as a solicitor in 2006, joined SBB in 2014 and became a Partner in 2019. Specialises in residential property and supervises all of our residential conveyancing work.
Kelly BarracloughConveyancing ExecutiveOver 20 years with the firm. Handles sales, purchases, remortgages and transfers of equity in our Residential Conveyancing Department. Supervised by Jenny Musgrave, solicitor.
Annette CulverConveyancing ExecutiveHas worked in residential conveyancing since 2001 and has specialised only in residential conveyancing since 2006. Joined SBB in 2020. Supervised by Jenny Musgrave, solicitor.
Hollie LeesConveyancerConveyancer in our residential conveyancing team, based at our Goole office. Supervised by Jenny Musgrave, solicitor.
Lucy FoxConveyancing ExecutiveWith SBB since 2005, she worked her way up from Conveyancing Assistant and runs her own caseload of residential sales and purchases. Supervised by Jenny Musgrave, solicitor.They are supported by Tracy Lumb, Ellie Donnelly, Alisha Martin and Sarah Leddy. Meet the conveyancing team.
Need a personalised quote?
Every matter is different. Contact us to discuss your specific requirements.
Based in North Lincolnshire? See our conveyancing solicitors in Scunthorpe.
