Residential Sale Pricing
At Talbots Law, home is where our heart is. We know that selling your home and moving on is a major event for you – that’s why we’ll always do our best to make the transaction smooth and efficient. 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. We want to help you in selling your house quickly and efficiently, leaving you free to move on to your next property.
As a leading national residential property firm, our conveyancing team have the experience and legal and technical “know how” to help you through the process, guiding you through each step of your transaction and offering a service that takes the worry out of moving home. We will assign a dedicated conveyancer to you who will be contactable by direct dial telephone number and email address. We understand that communication is key, so we will make sure we are available to answer your questions in plain English and keep you up-to-date with everything you need to know.
At a time when money really matters, we understand the importance of providing a professional, quality service at a fair price. We not only want to provide that first-class service, but also value for money, with no hidden fees.
Our conveyancing team is made up of solicitors, chartered legal executives, trainee solicitors and paralegals, and is supervised by Keith Yates who is a director and Head of Residential Property.
More information about the individual members of the team is available in the profiles section of our website.
Where necessary we can also recommend other professionals such as Surveyors, IFAs and property valuers.
We are proud to hold Lexcel and CQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.
We understand that costs are important and we review our fees on a regular basis, so we can make sure we are always competitive and offer the best value for your money.
We typically work on a fixed fee basis, so that you know what the fees will be for your transaction from the outset, providing you with an individual cost estimate, so that there are no hidden surprises. If, during the transaction, there are any new developments that involve additional work on our behalf, we will discuss any change in fees with you and agree a way forward.
Residential Sale Fees
Our typical legal fees for conveyancing on the sale of a freehold residential property by individuals range from £675 - £1500 plus VAT.
Taking into account the assumptions listed below, our legal fees cover all the work required to complete the sale of your home.
- That it’s a standard transaction and no unforeseen matters arise including, for example (but not limited to), a defect in title which requires remedying before completion, or the preparation of additional documents supplementary to the main transaction.
- 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 third parties providing documentation
- No indemnity policies are needed (there may be additional fees and disbursements if indemnity policies are required)
- We are also instructed to act for your lender to complete the redemption of the mortgage on your property
What’s Not Included
Redemption of Help to Buy* (2nd mortgage)
Client ID Admin Fee (per person)
Telegraphic Transfer Admin Fee (per transfer)
Redemption of 3rd or subsequent mortgages (per charge)
Arranging Indemnity Insurance (per policy)
*On the redemption of a Help to Buy Mortgage, you must get a valuation of your property, which is required to calculate the actual redemption figure. Target, who currently administer the Help to Buy Scheme, will charge an administration fee of approximately £190 and you will also incur a valuation fee of approximately £350.
What Might Affect our Fees
Factors that may lead to an increase in our fees 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 need us to expedite the transaction and exchange contracts and complete within four weeks of instructing us.
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.
Fees for office copies of Title Documents: £20
If the sale property is leasehold we will need to request a leasehold information pack from the freeholder or managing agent, to deal with your buyer’s enquiries. We will contact the freeholder or managing agent to ascertain the cost of the information pack and will confirm the figure to you as soon as we receive this information.
This list is not exhaustive and other disbursements may apply, depending on the particular circumstances of your transaction. We will tell you about any additional disbursements if they arise, and agree these with you in advance.
We work with local and national estate agents and introducers throughout England and Wales. On some transactions we pay referral fees to these introducers from our marketing budget so that any referral fee is not an additional cost to you. The average fee paid is between £95 and £440
What We Do - The Key Stages
- Carry out Identification and Money Laundering checks;
- Obtain details of your title to the property and verify these;
- Prepare and submit contract documentation to your Buyer's solicitors;
- Advise you on and reply to enquiries raised by your Buyer's solicitors;
- Obtain your signature to the contract and negotiate a completion date;
- Supervise exchange of contracts and advise you;
- Approve the Transfer Deed and obtain your signature;
- Reply to requisitions raised by your Buyer's solicitors;
- Obtain the amount required to discharge any outstanding mortgage;
- Supervise completion arrangements and release of keys;
- Discharge outstanding loan and any Estate Agent's account;
- Account to you for any surplus funds.
- We will update you regularly with progress on your matter
What We Don’t Do
- Advise on tax as this is a specialist area;
- Advise on insolvency matters
- Advise on any other matter without first agreeing the fee with you.
How long will your house sale take to complete?
How long it will take from the date you accept your buyer’s offer, until the sale completes, will depend on a number of factors. In our experience, the average process currently takes 14-16 weeks to complete.
It can be quicker or slower depending on the parties in the chain.
Other factors which may affect the timescale include;
- How quickly you provide us with any information we have requested from you
- The speed of the responses we receive from other parties involved in the transaction or conveyancing chain
- Any unforeseen circumstances
- On leasehold properties, how quickly the freeholder/managing agent provides information on the lease
It’s good to talk . . .
We know that trying to work out the exact cost of moving house isn’t easy – everyone’s circumstances are different. That’s why we have a dedicated enquiries team who specialise in providing all-inclusive fixed fee conveyancing quotes. They can explain all the charges, in clear, plain language over the phone, so there are no surprises down the line and confirm by email, usually in a matter of minutes.
Contact them now for a fixed fee quote on 0800 118 1500, or email firstname.lastname@example.org.
For more information please contact us