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Costs and Service Information
Sale of a Residential Property
Prices
Our costs information is set out generally below. For a bespoke quote relevant to your exact sale details (i.e. you will not have to work out the fees from the tables below yourself), please click here [web developer to insert link to enquiry form] and enter your details and we will contact you. Please refer to our privacy policy for details of how we will use any information that you submit via the enquiry form on our website.
Please note that there will be two elements to the costs information set out below:
- Fees charged by Lovedays Solicitors. These are charged on the basis of fixed fees; and
- Fees payable to third parties.
Please ensure that you consider both parts of the costs information.
Fees charged by Lovedays Solicitors
| Property price range | Legal fee | VAT (20%) | Total fee |
|---|---|---|---|
£0.00 - £200,000.00 | £750.00 | £150.00 | £900.00 |
£200,001.00 – £250,000.00 | £800.00 | £160.00 | £960.00 |
£250,001.00 - £300,000.00 | £875.00 | £175.00 | £1050.00 |
£300,001.00 - £400,000.00 | £950.00 | £190.00 | £1140.00 |
£400,001.00 - £500,000.00 | £1000.00 | £200.00 | £1200.00 |
£500,001.00 + | £ 0.25%* | £ | £ |
*Legal fees charged at 0.25% of the property sale price
| Description of fee | Fee | VAT (20%) | Total fee |
|---|---|---|---|
If the property is Leasehold | £150.00 | £30.00 | £180.00 |
Thirdfort electronic ID check (required for each seller) | £9.95 (per person) | £1.99 (per person) | £11.94 (per person) |
Consumer bank account check provided through Lawyer Checker.* | £2.50 | £0.50 | £3.00 |
*This is protect to you from the threat of fraudsters attempting to steal sale proceeds due to you by confirming that the bank details that we are provided with, belong to you.
Fees payable to third parties (‘Disbursements’)
| Description of Disbursement | Fee | VAT (20%) | Total |
|---|---|---|---|
Land Registry Official Copies | £3.00 (per document) | £0.00 | Two documents will always be required but more may be necessary depending on the title. |
SIM Property Search | £5.00 | £1.00 | £6.00 |
CHAPS Fee | £10.00 | £0.00 | £10.00 |
Typically only charged on Leasehold sales | |||
Sale pack from management company/ Landlord | £100.00 | £20.00 | £120.00 |
Work included and key stages
The precise work and stages involved in the sale of a residential property vary according to the circumstances. However, we have set out the key stages involved in a typical sale transaction:
- Take your instructions and give you initial advice.
- Check the title of the property you are selling.
- Prepare documents, the contract of sale and deeds relating to your sale.
- Dealing with questions and enquiries raised by your buyer(s)’ solicitors.
- Reporting and providing information to you relating to the property you are selling.
- Exchanging contracts following any necessary negotiations on the terms.
- Approving the transfer deed from the buyer(s)’ solicitors.
- Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale.
- Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.
Services excluded
Our service will not include any of the following:
- Advice on the value of the property.
- A physical inspection of the property.
- Advice on any planning implications unless instructed to do so which may be subject to additional charges.
- Checks on the property to ensure that it has been built in accordance with any planning permissions granted.
- Advice on tax or other accounting matters.
Approximate/average timescales
How long it will take from you accepting an offer on your property until the sale is completed, will depend on a number of factors. However, the average process takes between eight – twelve weeks from the date you instruct your solicitor.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the sale such as the buyer’s solicitors, the solicitors representing other buyers and sellers in the chain, your buyer’s bank if they are taking out a mortgage, search providers and the relevant local authority to conduct your buyer’s local search.
Factors that could increase costs
In some circumstances we may increase our fees to account for additional time, work or skill required to meet your instructions. Examples include:
- If there is a defect in the property title which requires remedying prior to completion.
- If we are required to discharge more than one mortgage or loan on the property.
- If we are required to obtain retrospective approval to any alterations to a property or obtain an insurance indemnity policy in relation to any problem concerning the transaction.
- If there are any other complexities to your sale.
Qualifications and experience of our conveyancing team
Our residential conveyancing team includes:
| Name | Position | Experience |
|---|---|---|
Richard Roberts | Solicitor, Head of Department and Managing Director | Admitted as a solicitor in 1999. |
Kathryn Griffiths | Solicitor | Admitted as a solicitor in 2000. |
Racheal Mellor | Licensed Conveyancer | Has worked in conveyancing since 2004 and qualified as a Licensed Conveyancer in 2011. |
Denise Graham | Property Assistant | Has been working in conveyancing since 2016. |
Hayley Kirkland | Trainee Licensed Conveyancer | Has been working in conveyancing since 2007. |
Regardless of who works on your matter, they will be supervised by Richard Roberts who is a solicitor and the head of the residential conveyancing department.
If you would like to find out more about our staff, please click here.
Lovedays Solicitors, Potter and Co Solicitors and Andrew Macbeth Cash and Co Solicitors are the trading names of Derbyshire Legal Services Limited which is a company registered in England and Wales under company number 08838592. Registered office Sherwood House, 1 Snitterton Road, Matlock, Derbyshire, DE4 3LZ.
Authorised and Regulated by the Solicitors Regulation Authority under SRA ID number 637916.
- (01629) 582308
This email address is being protected from spambots. You need JavaScript enabled to view it. Sherwood House
1 Snitterton Road
Matlock
Derbyshire
DE4 3LZ
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