For transparency and the avoidance of any doubt, our fees are below. Should you choose to instruct us, a tailored estimate of price will be provided based on your circumstances and the transaction and set out in our Engagement Letter.
The day to day work is carried out by Janice Colley, a Consultant Conveyancer and Solicitor, David Dresser, a Consultant Conveyancer, and supervised by Richard Cramer, Managing Director and Solicitor. The figures below do not include any VAT which may be applicable, and which will be charged at the prevailing rate at the time that your purchase completes. The prevailing rate of VAT is 20%, however, please note that this is subject to change, and we endeavour to update you.
| Leasehold Sale Costs | Amount (excluding any VAT applicable) |
|---|---|
| Our Legal Fees | Range from £850 – £2,050 (plus VAT) |
| Bank Transfer Fee (per mortgage repaid) | £30 - £49 (plus VAT) |
| Electronic Identity Check (per name checked) | £10 - £17 (plus VAT) |
| Anticipated Expenses | |
| Land Registry Documents (Leasehold register and Plan, £15 plus VAT Freehold Register and Plan, and Lease) | £3 per document (plus VAT) |
| Landlord’s Information Pack | £100 – £300 (average cost) |
| Sale Price of the Property | Our Legal Fees (excluding VAT) |
| Up to £100,000 | £850 – £1,200 |
| £100,000 -£250,000 | £1,000 – £1,250 |
| £250,000 -£375,000 | £1,150 – £1,450 |
| £375,000 -£500,000 | £1,300 – £1,500 |
| £500,000 -£750,000 | £1,500 – £1,700 |
| £750,000 -£1million | £1,750 – £2,050 |
| £1million and above | 0.35% of the price plus £750 |
The fees and disbursements on this page relate to fees and disbursements for direct instructions provided by clients to Front Row Legal Ltd.
What is included in this price and what factors might affect what you have to pay?
The above range of figures are based of the sale of an existing residential leasehold property by one or more individuals (as opposed to a company or business partnership) with a title which is already registered at HM Land Registry and assuming there is a mortgage on the property to a traditional high street mortgage lender. Most leasehold property sales in England and Wales will fall within this category. The fees include the following work:
Additional work may need to be carried out on your purchase which we are not aware of at the outset but which leads to an increase in our legal fees and/or the third party expenses which you will need to pay. If any such additional costs arise we will tell you about them as soon as possible. Examples of situations that might lead to an increase in costs include:
How long will your leasehold property sale take?
How long it will legally take to sell your property, so from your sale being agreed and accepting the buyer’s offer until you receive the sale proceeds, depends on various factors. The average sale process in England and Wales ordinarily takes from around 10 to 12 weeks.
It can be quicker or slower, depending on the parties in the chain and the number of parties in the chain. For example, if you are selling to a first time buyer who has a mortgage in principle, it could take from around five to six weeks for the sale to complete. However, if there are several transactions in the chain, this can take significantly longer, between three and four months. In such a situation, additional charges may apply.
Key Stages in the Sale process of a Residential Leasehold Property
The exact stages involved in the purchase of a residential leasehold property vary according to the individual specific circumstances. However, the following are the key stages of a typical transaction:
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