Residential Property Sales Fees
Our fees depending on your situation
Our Commercial and Residential Property team is well known and respected for its expertise, knowledge and experience in buying and selling residential property. We understand that what our clients want is excellent advice, dedicated and easy-to-contact solicitors. One of our great strengths is to move a sale or purchase through quickly where necessary, and we have a proven ability to act on urgent deadlines getting the best outcomes for our clients.
The team is led by Mark Parnall, a Property Solicitor.
Ben Mitchell is a solicitor with in-depth knowledge and experience in commercial and residential property. He qualified in 2018 and has an hourly rate of £218 plus VAT.
Claire Wicks is a Chartered Legal Executive. She joined Parnalls Solicitors in 2010 and qualified in 2018, and has an hourly rate of £185 plus VAT.
Stephen Evans is a property and planning solicitor with in-depth knowledge and experience in commercial and residential property. He qualified in 1976 and has an hourly rate of £285 plus VAT.
Wendy Meneer, Xoe Manning and Megan Ridgman are assistants in the Commercial and Residential Property team with an hourly rate of £125 plus VAT.
Alice Crosby is a trainee Solicitor in the Commercial and Residential Property team with an hourly rate of £126 plus VAT.
Brook Moore is an assistant to the Commercial and Residential Property team with an hourly rate of £100 plus VAT.
Conveyancer’s Fees and Disbursements for Sale of Residential Property
For sales there is a legal fee which is dependent on the transaction value of the property being sold:
Freehold
| Transaction Value | Estimated Conveyancing | VAT Cost |
|---|---|---|
| Over £350,000 | Costs on request | |
| £300,001 – £350,000 | £1,250 – £1,350 | £250 – £270 |
| £250,001 – £300,000 | £1,050 – £1,150 | £210 – £230 |
| £200,001 – £250,000 | £950 – £1,050 | £190 – £210 |
| Up to £200,000 | £850 – £950 | £170 – £190 |
Leasehold
| Transaction Value | Estimated Conveyancing | VAT Cost |
|---|---|---|
| Over £350,000 | Costs on request | |
| £300,001 – £350,000 | £1,695 – £1,895 | £339 – £379 |
| £250,001 – £300,000 | £1,595 – £1,695 | £319 – £339 |
| £200,001 – £250,000 | £1,495 – £1,595 | £299 – £319 |
| Up to £200,000 | £1,395 - £1,495 | £279 – £299 |
Disbursements
These 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.
- HM Land Registry fee £8
- Electronic money transfer fee redeeming the mortgage. £26.40
- VAT payable £5.28
- On a leasehold sale there is likely to be a management pack fee of £150-350 (inclusive of VAT)
Estimated total: £39.68 (leasehold £286.68)
How long will my house sale take?
How long it will take from your offer being accepted until you complete the sale will depend on a number of factors. The average process takes between 6-10 weeks. It can be quicker or slower, depending on the parties in the chain.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages. These include taking your instructions*, checking whether there is an existing mortgage and contacting the lender for a redemption statement*, drafting a sale contract and compiling a title pack*, replying to the enquiries of the purchaser’s solicitor*, sending final contract to you for signature~, agreeing completion date, exchanging contracts and notifying you that this has happened~, completing the sale and arranging to pay the estate agents their commission, and arranging for all monies needed to redeem the existing lender and transferring the balance to you or a related purchase.
Ordinarily the elements with an * above take place in the first two or three weeks, the elements with a ~ in the following weeks, and the other elements towards the end of the process.
For more information on these services, call 01566 772375, send an email to enquiries@parnalls.com or click here
We may have to raise our prices from the above for those situations which are out of the ordinary and which require extra work. Extra charges will be incurred for, non-exhaustively, protracted or fractious negotiation, parties using a Power of Attorney, lockout or exclusivity agreements, dealing with a sale on behalf of one or more executors (in the event that this requires extra work), dealing with third party lawyers (matrimonial or lender), pre-emptively registering the property, tenanted properties, Help to buy (shared equity and shared ownership), unregistered land, transfers of part only of a property, dealing with retentions, remedying defective titles, and where existing title arrangements require a deed of covenant or easement to be entered into.