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Residential Sale Pricing

Our fees cover all of the work required to complete the sale of your property.   We work on a fixed fee basis.

 
 

T The tables below set out our base fees plus the additional fees that may be chargeable depending on your transaction and individual requirements. Alternatively we would be happy to provide a bespoke, no-obligation quote and can be contacted on 0117 906 9400 or at residential@gregglatchams.com

It is possible that factors will arise during the transaction which will increase the fee estimate. For example, your requirements may change or an unforeseen issue may arise. We will always inform you in writing of the estimated additional fees as soon as practicable.

Properties in London

Property Price Freehold Fees Total Leasehold Fees Total
£0 – £499,999 £1350 + £270 VAT £1620.00 £1650 + £330 VAT £1980.00
£500,000 – £749,999 £1600 + £320 VAT £1920.00 £1900 + £380 VAT £2280.00
£750,000 – £999,999 £1900 + £380 VAT £2280.00 £2200 + £440 VAT £2640.00
£1,000,000 + 1/4 % + VAT tbc 1/4 % + £500 + VAT tbc

Properties outside of London

Property Price Freehold Fees Total Leasehold Fees Total
£0 – £249,999 £900 + £180 VAT £1,080.00 £1200 + £240 VAT £1440.00
£250,000 – £499,999 £1100 + £220 VAT £1,320.00 £1400 + £280 VAT £1680.00
£500,000 – £749,999 £1300 + £260 VAT £1,560.00 £1600 + £320 VAT £1920.00
£750,000 – £999,999 £1500 + £280 VAT £1,780.00 £1800 + £360 VAT £2160.00
£1,000,000 – £1,449,999 £1900 + £380 VAT £2,280.00 £2200 + £440 VAT £2640.00
£1,500,000 – £1,999,999 £2300 + £460 VAT £2,760.00 £2600 + £520 VAT £3120.00

Additional Fees that may be payable:

Item Amount VAT
Each bank transfer fee £35.00 £7.00
Unregistered Property fee £150.00 £30.00
Help to buy redemption £150.00 £30.00
Director/Head of Department surcharge £350.00 £70.00

Disbursements

In addition to our fees, “disbursements” will be payable. Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of all disbursements on your behalf. 

Anticipated Disbursements

Price Land Registry Documents Each anti-money Laundering search Management Co / Landlord pack*
Freehold £6-£9 £4.17 + £0.83 VAT £0
Leasehold £15 £4.17 + £0.83 VAT £0 – £350

* The pack fees vary from property to property and can, on occasion, be more than the ranges provided. We will be able to give you an accurate figure once we have contacted the Management Company and/or Landlor

Time Scales

The timescale depend on factors such as (but not limited to):

  • The number of parties in the chain
  • Whether the buyer has a mortgage in place
  • Whether the buyer requests lease extension for a leasehold property
  • Whether the searches flag up any issues
  • Whether buyer’s survey reveals any issues

A typical transaction will take between 8 – 12 weeks, however if any of the above factors apply, your sale could take longer. We will keep you updated as to our progress throughout the transaction.

If exchange and/or completion is required more quickly than the usual timeframe we will make an additional charge for expediting the matter. This will be based upon the speed required.

Key Milestones

The milestones will vary according to individual circumstances but are likely to include:

  • Confirming your initial instructions and verifying your identity
  • Considering your title to the Property
  • Drafting and agreeing the terms of the contract for sale
  • Supplying  information to the Buyer’s solicitor
  • Obtaining a redemption statement from your mortgage lender (if applicable)
  • Answering pre-contract enquiries raised by the Buyer’s solicitors
  • Agreeing the terms of the deed that will transfer ownership of the property
  • Sending the contract and transfer deed to you for signature 
  • Exchanging contracts once everyone is ready and a completion date agreed
  • On the completion date:
    • Receiving the purchase price from the Buyer’s solicitor 
    • Redeeming your mortgage(s) (if applicable)
    • Paying the estate agents from the proceeds of sale (if applicable)
    • Distributing the net proceeds of sale to you

Exclusions

We do not undertake tax advice.

Our fixed fees assume that:

  • No complications or unforeseen matters arise during the transaction. This includes, but is not limited to, (i) a defect in title which require remedying prior to completion and (ii) the preparation of additional documents ancillary to the main transaction such as a deed of variation
  • The entire property is included in the sale and this is not a “sale of part”
  • A leasehold sale is an assignment of an existing lease and not the grant of a new lease
  • All parties to the transaction are co-operative and do not cause unreasonable delay 
  • No indemnity policies are required.  Additional disbursements may apply if indemnity policies are required
 

To find out how we can help you or your business, get in touch.

Give us a call:

0117 906 9400

 
 
 
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