Leasehold Sale
Sale of a leasehold residential property
Our fees cover all the work* required to complete the purchase of your new home, including dealing with the freeholder and/or managing agent and your mortgage lender.
Conveyancer's fees and disbursements
- Legal fee £800 - £2,000 (fixed rate depending on the price see below)
- VAT on Legal fee £160 - £400
- HM Land Registry fee £6
- Electronic money transfer fee £35
- VAT payable on electronic transfer fee £7
Disbursements
Disbursements are costs related to your matter that are payable to third parties, such as fees charged by a freeholder and/or managing agent for information that must be provided to a buyer. We handle the payment of the disbursements on your behalf to ensure a smoother process. There may be additional fees payable for missing documents that need to be obtained and if the property is unregistered.
There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease and information provided by you.
Additional Anticipated Disbursements**
- Fee for information from Landlord – this fee will be quoted by the Landlord and if often between £150 - £350 plus VAT.
- Fee for information from Managing Agent – this fee will be quoted by the Managing Agent and may be in addition to a fee payable to the Landlord. Often the fee is between £150 - £350 plus VAT.
** These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents, or confirmation from the Landlord or Managing Agent of what their charges will be.
If the property is unregistered there may be additional land registry charges.
Legal fees are fixed rates as below:
| Up to £250,000 | £800 plus VAT £160 |
| Above £250,00 up to £500,000 | £950 plus VAT £180 |
| Above £500,00 up to £750,000 | £1,050 plus VAT £180 |
| Above £750,000 up to £1,000,000 | £1,250 plus VAT £250 |
| Above £1,000,000 up to £2,000,000 | £1800 plus VAT £400 |
| Above £2,000,000 up to £3,000,000 | £2,200 plus VAT £440 |
* 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
- this is the assignment of an existing lease and is not the grant of a new lease
- 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.
Remember Sarah will meet you out of office hours anywhere in the Wimborne, Poole, Bournemouth or East Dorset Areas.
Jordan Williams Law are specialists in their field. They practice family law in the Wimborne, Poole, Bournemouth and surounding areas. Contact them now.