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Residential Sale Fees

Residential Sale

Please note that Soma Solicitors is accredited under the Law Society’s, Conveyancing Quality Scheme which provides a recognised quality standard for all residential conveyancing practices. Further our solicitors have excess of 25 years’ experience dealing with property transaction and so you can rest assured that you are well looked after.

Residential Sale (Freehold)

Please note below our indicative costs with respect to a residential freehold sale.

Property Price Legal Fees 
Up to £250,000 £450.00 plus VAT
£250,001 – £500,000 £500.00 plus VAT
£500,001 – £750,000 600.00 plus VAT
£750,001 – £1,000,000 700.00 plus VAT
Over £1,000,000 Please telephone 020 8423 0203 for a tailored quote

 

Residential Sale (Leasehold)

Please note below our indicative costs with respect to a residential leasehold sale.

Property Price Legal Fees 
Up to £250,000 £500.00 plus VAT
£250,001 – £500,000 £600.00 plus VAT
£500,001 – £750,000 £700.00 plus VAT
£750,001 – £1,000,000 £800.00 plus VAT
Over £1,000,000 Please telephone 020 8423 0203 for a tailored quote

 

Please note that our fees mentioned above are based on a standard transaction and on the basis that no unforeseen matters are to rise. Which includes but is not limited to there being more than one mortgage or charge registered on the title. Or if there are any notices or cautions that are registered on the property that will need to be removed or if there are any disputes between joint owners of the property and thus separate payments being required. We will advise you as soon as we can regarding the same.

Disbursements

Please note that disbursements are to be paid in addition to our legal fees, which are merely charged for our services. The majority of these disbursements are set by third parties and thus out of our control to advise on an exact figure.

Disbursements  Estimate Cost 
Bank Transfer Fee (Per Transfer) £25.00 plus VAT
Office Copy Entries £3.00 – per copy
Filed Plan £3.00 – per copy
Indemnity Insurance This varies dependent on the price of the property. However, is approximately £50 – £150. Please call us for a tailored quote

 

Acting for Lender

(If Applicable)

This varies dependent on the price of the property. However, is approximately £200 – £350. Please call us for a tailored quote

 

Estate Agents Commission

(If Applicable)

This is dependent on whether you have instructed any estate agents for the sale of your property. Their price would have already been agreed with you and we can pay the same on your behalf with your authority.
Management Pack/ LPE1

(If Applicable)

This is only applicable for Leasehold properties and is the cost of providing relevant information that is accessed by Managing Agents/Freeholders. Once we are aware of the charges, we will advise you of the same.

There may be other disbursements which may be payable, dependent to the nature of your transaction. We will advise you as soon as we can regarding the same.

 

Timescales

The average conveyancing process takes between 6-8 weeks from receiving the completed protocol forms from yourself. Although the process is dependent on other factors out of our control including and not limited to, additional enquires raised, defective titles and whether or not the chain is ready to complete. It may be quicker or slower depending on parties within the chain and whether or not your sale is dependent on a simultaneous purchase of another property.

 

If you have any queries, please do not hesitate to contact us on 020 8423 0203 or admin@somasolicitors.co.uk in order to speak to a specialist.