Residential Sales

FREEHOLD SALES

Our fees for the sale of a residential freehold house for up to £500,000 will probably be £495 plus VAT (£594). It is unlikely that we will require any payments on account.

We charge an additional £100 plus VAT (£120) for every £250,000 by which the price exceeds £500,000. e.g. £500,001-£750,000 = £595 plus VAT (£714).

LEASEHOLD SALES

Our fees for the sale of a leasehold property for up to £500,000 will probably be £695 plus VAT (£834). You may have to pay the freeholder for a pre-sale or management pack. Costs differ between different freeholders. It is unlikely that we will require any other payments on account.

We charge an additional £100 plus VAT (£120) for every £250,000 by which the price exceeds £500,000. e.g. £500,001-£750,000 = £795 plus VAT (£954).

NOTES

Our fees include up to two telegraphic transfer fees (normally separately charged by other firms at between £25 to £40 each).  

 

NOTE 1. WE DO NOT MAKE ADDITIONAL CHARGES FOR OFFICIAL COPIES OF TITLES, POSTAGE AND STATIONERY, IDENTITY CHECKS OR REDEEMING MORTGAGES FROM MAINSTREAM LENDERS 2. WE DO NOT CHARGE FOR PROFESSIONAL INDEMNITY INSURANCE ALTHOUGH WE ARE COVERED UP £2M . 

 

Please note that many estate agents prefer you to use their recommended licensed conveyancers or solicitors because they receive a referral fee which could affect the fees you pay or the service you receive. The licensed conveyancers’ or solicitors’ firm may be hundreds of miles away and you may have to incur additional costs having ID checked or documents witnessed. If something needs to be dealt with urgently you may not be able to just pop in to sort it out on short notice.

 

If you are selling using an online agent and selling in this area, the keys can be left with us if the agents are unable to deal with this.

 

We will normally stick to our estimate although the work may be more than we expected. We will normally advise you well in advance if our estimate is likely to be exceeded to give you a chance to obtain prices for the work to be carried out elsewhere.

 

Please be aware that our fees do not cover other matters that may be associated with the sale such as bankruptcy proceedings or matrimonial disputes where correspondence has to be entered into with creditors’ representatives or another party’s legal representatives.

© 2019 by Ferns Solicitors 

Ferns is authorised and regulated by the Solicitors Regulation Authority (number 79274).

Nothing on this site should be treated as legal or practical advice. The information should be treated as a guideline requiring specific legal advice.