Responsibility for your matter
Roulla Georgiou will carry out the work relating to your matter. She has over 25 years’ experience in delivering high quality work in all matters relating to the sale of residential property.
She has particular expertise in dealing with complicated titles and the sale of properties forming part of a deceased’s estate.
Selling a house or a flat
As every sale is different, we provide an estimate of our fees at the outset of the transaction.
Our fees are normally based on the time spent in dealing with the transaction. Generally, our fees range between £1,250 plus VAT and £3,000 plus VAT. Typically, it takes between 5 and 10 hours work. The rates charged range from £250 and £300 plus VAT per hour.
The exact cost will depend on the individual circumstances of the matter. Factors which may increase the total costs estimate include:
- The value of the transaction
- The complexity of the transaction
- The timetable for the transaction
- The legal title is defective or the property is unregistered
Our fees cover all of the work required to complete the sale of your home. We will prepare contract papers and submit these to your buyer’s solicitor, deal with enquiries from the buyer’s solicitor, report to you on the contract prior to exchange, deal with exchange and completion of your matter, as well as the redemption of your existing mortgage.
Our fee assumes that:
- The sellers are individuals
- This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
- The transaction is concluded in a timely manner and no unforeseen complication arise
- All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
- No indemnity policies are required. Additional disbursements may apply if indemnity policies are required
Work we do not carry out
We do not undertake tax advice. In particular, we do not give advice on capital gains tax. It may be necessary to instruct specialist tax advisers. You will be responsible for the costs of any tax advice.
Disbursements are costs related to your matter that are payable to third parties, such as HM Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements are in addition to our fee. Typical disbursements incurred on a sale are set out below. This list is not exhaustive and other disbursements may apply.
- Bank transfer fee – £15 plus VAT (per transfer)
- Land registry copies of the title – £6 per title; £3 per lease
- Management pack (leasehold only) – £250.00 – 500.00 plus VAT (estimated)
You will also be required to pay the estate agent’s fee.
With every transaction there are key milestones, which may vary according to your circumstances. They may include:
- Taking your instructions and giving initial advice based on the information you have provided
- Checking finances are in place for the buyer to fund the purchase
- Drafting contracts of sale and any other necessary documents and reviewing these with you
- Sending the contacts of sale to the buyer’s solicitor and dealing with any enquires they have
- Providing advice on all documents and information received
- Finalising the contract and sending to you for signature
- Agreeing a completion date (the date from which the buyer will legally own the property)
- Exchanging contracts and notifying you that this has happened
- Completing the sale
- Redeeming any mortgage
How long will the sale take?
How long it will take from the offer being accepted and completion of the sale of your house or flat, will depend on a number of factors. The average process takes between 8-12 weeks. It can be quicker or slower, depending on:
- Number of parties in the chain
- Whether the buyer has a mortgage in place
- Whether the buyer requests a lease extension for a leasehold property
- Whether the searches flag up any issues
- Whether buyer’s survey shows up any issues
- Buyer’s enquiries
If any of the above apply or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.