Freehold Residential Sale Pricing
We are here to take the stress out of selling your property and will guide you through each step of the transaction, tailoring 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 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.
Whether you are selling your property through an estate agent or privately, we will make everything as clear as possible. Our highly qualified team have the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner.
Tayntons Residential Property team are accredited members of The Law Society’s Conveyancing Quality Scheme – the mark of excellence for residential property solicitors. Our Residential Property team are highly skilled professionals and have over 130 years’ combined conveyancing experience between them.
We understand that communication is key, so will make sure we are always available to answer your questions in plain English and will keep you informed at every stage of the process. You will have the confidence that you are our priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty. We feel this provides reassurance and gives you an outlet for any concerns that you may have.
Our approach is simple; we provide a first-class service from our expert team who make the difference by removing confusion and uncertainty, dealing with all of the legal details of a property transaction on your behalf.
We are proud to hold the Lexcel Accreditation awarded by The Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.
Tayntons has always been transparent regarding our fees and we would encourage you to visit our Instant Conveyancing Quote page where you will be able to generate a quote and breakdown of the legal fees, disbursements and other anticipated costs. There will be no hidden surprises – our costs and anticipated disbursements are fully broken down in our quotes.
We review our fees on a regular basis, considering clients’ feedback so we can make sure we always offer the best value for your money.
We typically work on a fixed fee basis, ensuring that you know what the fees will be for your transaction from the outset. If, during the transaction, there is a new development, we will discuss the change in fees with you and agree a way forward. This would typically occur if you changed your instructions, or your case involves an unforeseen complexity.
Our fees cover all the work required to complete the sale of your residential property and any disbursements.
In order to provide you with the most accurate quote for your circumstances, we have a conveyancing quote calculator on our website which will provide you with our costs and any disbursements once you have entered the required information.
VAT, currently 20%, will be payable on all our fees and some disbursements, and we will clearly confirm which disbursements carry VAT in our quote generator and formal quotation or as we advise you to incur them. Below is an example of our average fees for a freehold residential property sale:
- Our average standard legal fee for a residential freehold property sale is from £950.00 – £2,525.00 plus VAT (£1,140.00 – £3,030.00 inc. VAT)
- The final quote will depend on the value and location of the property and the complexity of the transaction. We would warn you that there are some charges made by others which we will not be able to ascertain until we are instructed and make the necessary enquiries.
- If the property is Leasehold, we will charge an additional fee of £300.00 plus VAT (£360.00 Inc. VAT)
- We will charge the sum of £40.00 plus VAT (a total of £48.00 Inc. VAT) for each electronic money transfer payment.
- For residential sales involving a Help to Buy Loan or Help to Buy ISA/Lifetime ISA there will be an additional fee:
- Help to Buy Loan Additional Fee £300.00 plus VAT (£360.00 Inc. VAT)
- Help to Buy ISA/ Lifetime ISA additional fee £50 plus VAT (Inc. VAT £60.00)
- For residential property sales using a corporate vehicle (selling a residential property through a Limited company) there is a supplemental fee of £250.00 plus VAT (£300.00 Inc. VAT) plus £22.20 companies house filing fee. This is due to company’s house registration requirements and additional documents required for lending purposes.
- Please note we need to carry out ID checks on all directors/shareholders which is £20.00 plus VAT (£24.00 Inc. VAT) per person.
For all our clients, we are required by our regulator to undertake Client Due Diligence (CDD) which is made of up KYC (Know Your Client) and AML (Anti Money Laundering) details of which are contained within our terms of engagement which will be sent to you when instructing us.
In addition to our standard charges as referred to above, the firm will apply a CDD charge of:
- ID Check £20.00 plus VAT (£24.00) per person
Our Fee Assumes That:
- this is a standard transaction and that no unforeseen matters arise.
- the transaction is concluded in a timely manner and no unforeseen complications arise.
- all parties to the transaction are co-operative and there is no unreasonable delay from any parties providing documentation.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. In order to provide you with the most accurate quote for your circumstances, we have a conveyancing quote calculator on our website which will provide you with our costs and any disbursements once you have entered the required information.
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
Please note that we do not undertake tax advice.
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 searches flag up any issues
- Whether the buyer’s Survey shows up any issues
- Buyer’s Enquiries
A typical transaction will take between 12-16 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.
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 advice based on the information you have provided
- Undertaking regulatory checks.
- Drafting the contract of sale and any other necessary documents and reviewing these with you
- Sending the contract of sale to the buyer’s solicitor and dealing with any enquiries they have
- Providing advice on all documents and information received
- Advising you on joint or shared ownership, if appropriate.
- Advising on any mortgage redemption, if appropriate.
- 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 notifying you that this has happened
- Completing the purchase by arranging for all monies needed to be received from your buyer and distributing those monies.
Who will advise you?
We allocate the most appropriate member of our Residential Property team to your transaction once you instruct us, taking into account the type of transaction, complexity and experience required and the workloads within the department.