Our costs – Residential Property Sale

Advising you on Cost

What does our service include?

Our services cover all of the work required to complete the sale of your residential property including preparing a contract pack and dealing with all enquiries raised by the buyer’s conveyancers.

The precise stages involved in a residential property sale vary according to the circumstances. For example, our service typically includes:

  • Taking your instructions and giving you initial advice
  • Preparation of contract documents
  • Dealing with all enquiries raised
  • Sending the final contract to you for your signature
  • Agreeing a completion date (date from which the property will be transferred to the buyer)
  • Exchange contracts
  • Approving the buyer’s conveyancer’s draft Transfer Deed
  • Sending the final Transfer to you for your signature
  • Completing your purchase
  • Arranging for the repayment of any existing mortgage, paying the agent’s fees and paying to you the net sale proceeds

 

How long will your sale take?

How long it will take from you accepting an offer until you can complete the sale of your property will depend on a number of factions. The average standard transaction takes between 10 and 12 weeks. Examples of a non standard transaction may include:

  • Leasehold properties
  • Unregistered properties

Other factors which may delay your sale may include other people in your chain and the lender.

 

Who will act on your behalf?

Your matter will be undertaken by a member of our Residential Conveyancing team. You can view their profile pages by visiting our Meet the Team page. We welcome your request for a specific member of the Residential Conveyancing team to act on your behalf but please note this may not always be possible i.e. we may decide another Solicitor/Conveyancer has more appropriate skills for your matter.

 

How will your matter be supervised?

All our Residential Conveyancing matters are supervised by Karmen Waldron who is our Residential Conveyancing Director. View Karmen’s profile page.

 

How much will we charge you?

We will charge you a fixed fee based upon your transaction. We will assess this with you at the beginning of the matter based upon the below guidance:

Our Legal Fees

Our Fee is based on the Property Value:

Up to £150,000  Our total fee inc. VAT: £600 to £720 Total ex. VAT: £500-£600

£150,000 to £375,000  Our total fee inc. VAT: £690 to £870 Total ex. VAT: £575-£725

£375,001 to £500,000  Our total fee inc. VAT: £780 to £990 Total ex. VAT: £650-£825

£500,001 to £600,000  Our total fee inc. VAT: £990 to £1,230 Total ex. VAT: £825-£1025

£600,001 to £750,000  Our total fee inc. VAT: £1,050 to £1,320 Total ex. VAT: £875-£1100

£750,001 to £1,000,000  Our total fee inc. VAT: £1,290 to £1,590 Total ex. VAT: £1075-£1325

Over £1,000,001  Our total fee inc. VAT: By agreement

 

You will also be required to pay fees for the following:

ID administration fee, if you are not already an existing client  Our total fee inc. VAT: £12 Total ex. VAT: £10

Bank Transfer Fee for a three day payment using BACs  Our total fee inc. VAT: £24 Total ex. VAT: £20

Bank Transfer Fee for a same day payment using CHAPs  Our total fee inc. VAT: £48 Total ex. VAT: £40

 

Additional fees may be charged if your matter involves:

A Leasehold property  Our total fee inc. VAT: £300 Total ex. VAT: £250

Us liaising with your lender  Our total fee inc. VAT: £24 to £180 Total ex. VAT: £20-£150

Us organising Indemnity Insurance Policy  Our total fee inc. VAT: £36 Total ex. VAT: £30

Lawyer check  Our total fee inc. VAT: £12 Total ex. VAT: £10

Drafting additional deeds or other documents required e.g. a Deed of Variation  Our total fee inc. VAT: By agreement

 

What will we pay to third parties on your behalf?

In the majority of sales we expect to pay the below third party expenses on your behalf. It is important you note we do not make any money from these payments.

Third Party Payments

Land Registry fee to register the sale of the property  £14 VAT FREE

Will we pay referral fees for you instructing us?

Certain work introducers, such as Estate Agents, have agreed a referral fee with the firm. This means we make a payment to the referrer, the amounts by referrer are outlined below. It is important to note you only pay our Legal Fees and we in turn pay the below amounts from our Legal Fees.

We pay the following companies out of fees, if they introduce you to us:

Adkins  Total ex. VAT: £175

Andrews Fine and Country Total ex. VAT: £175

Besley Hill Total ex. VAT: £100

Hunters Total ex. VAT: £100

Move with Us Total ex. VAT: £200 to £425

Parkers Total ex. VAT: £150

Peter Joy Total ex. VAT: £100

Naylor Powell Total ex. VAT: £150

 

What happens if your matter becomes abortive?

We charge all clients an abortive fee dependent on the percentage of the work we have completed (i.e. we will charge 75% of the fee if we have completed 75% of the work) plus any third party payments incurred on your behalf.

Meet the WSP team

Meet the team

Sarah Ely Residential Conveyancer Gloucester

Sarah Ely

Conveyancer

Gloucester Office

Jessica Inkpen Conveyancer Stroud

Jessica Inkpen

Conveyancer

Stroud Office

Lucy McCallum Residential Property Associate Solicitor Stroud

Lucy McCallum

Associate Solicitor | Deputy Head of Residential Conveyancing

Stroud Office

Sue Taylor, Associate Conveyancer and Conveyancing Manager at WSP Solicitors Stroud

Sue Taylor

Associate Conveyancing Manager

Stroud Office

Karmen Waldron Residential Conveyancing Director Gloucester

Karmen Waldron

Director | Head of Residential Conveyancing

Gloucester Office

Amanda Ward, Dursley Conveyancer at WSP Solicitors

Amanda Ward

Conveyancer

Dursley Office

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