Selling a freehold property
Our fees cover all of the work required to complete the sale of your home. Legal fees are the charges that Rawlins Davy make for our time spent on the matter and are calculated according to the value of the property. Disbursements are costs related to your matter that are payable to third parties, such as for office copy entries. We handle the payment of the disbursements on your behalf to ensure a smoother process. Our scale of fees is set out below. Conveyancer’s fees and disbursements
Legal fees are calculated according to the value of the property.
|Up to £150,000||£900 plus VAT||Total £1080|
|£150,001 to £300,000||£925 plus VAT||Total £1110|
|£300,001 to £500,000||£950 plus VAT||Total £1140|
|£500,001 to £750,000||£1050 plus VAT||Total £1260|
|£750,001 to £1 million||£1500 plus VAT||Total £1800|
|In excess of £1 million||0.33% of purchase price plus VAT at 20%|
|Additional legal fee where sale includes discharging mortgage||£100 plus VAT Total||Total £120|
|Electronic money transfer fee||£30 plus VAT||Total £36|
|Office Copy Entries||£15|
Our fee assumes that:
- this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction.
- the transaction is concluded in a timely manner and no unforeseen complication arise.
- all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Should one or more of the above arise we reserve the right to vary our fee from the scales above, but we will always seek your approval of any variation before additional fees are incurred.
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How long will it take?
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6 and 10 weeks. It can be quicker or slower, depending on the parties in the chain. If, for example, you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, perhaps so long as 3 and 6 months. In such, a situation additional charges would apply.