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Conveyancing & Property Solicitors

Additional Fees - Property Sales

Arranging indemnity (per policy)

There are many reasons that an indemnity policy may be required. Our normal procedure where a policy is requested by the buyer’s solicitors is to ask them to obtain a quotation for a policy. Upon receipt of this we will take your instructions as to whether you are prepared to pay for the same. If this course of action is agreed by the buyer’s solicitors, no charge will be made.

Where the buyer’s solicitor insists that we obtain the quotation for the policy and put the same in hand, on or before completion, we will charge a fee of £55 plus VAT for each policy required. Please note the fee of £55 plus VAT is for arranging the policy. The cost of the policy itself will be additional and depends on the type of policy required.

Complex chain surcharge

If you are part of a long chain, with more than two related transactions we will charge an additional fee of £75 plus VAT. This is in respect of the additional work associated in agreeing timescales for exchange and completion.

Dealing with third party solicitors

If there is a third party solicitor involved in the transaction whom we need to liaise with, we will charge a fee of £200 plus VAT. For example, if you are selling a jointly owned property and the joint owner instructs their own solicitor.

Expedited completion fee

We would recommend that there is at least a week between exchange and completion to enable you to make your arrangements and to enable us sufficient time to prepare your matter for completion, including requesting up to date redemption figures, preparing the final completion statement to enable us to remit any proceeds to you upon completion and liaising with the buyer's solicitors to arrange completion.

If there is less than a week between exchange and completion we will charge a fee of £150 plus VAT for prioritising your matter.

Leasehold fee

If your property is leasehold we will charge a fee of £100 plus VAT in respect of the additional work involved including obtaining a copy of the freeholders title and liaising with the freeholder to obtain a ground rent receipt and confirmation of their notice fees. An additional fee of £100 plus VAT will be charged in addition to the leasehold fee if the property is an apartment. This is in respect of the additional correspondence we will need to enter into with the freeholder and/or management company (the total leasehold fee will be £200 plus VAT where property is an apartment).

Please note that there may also be notice fees and/or consent fees payable to the freeholder and/or management company on leasehold flats and houses. Notice fees and consent fees are charged at cost where applicable.

Redemption of mortgage fee

If you have a mortgage registered against your property we will charge an additional fee of £100 plus VAT. This fee is for the additional work in obtaining a redemption figure, redeeming the mortgage on completion of your sale, obtaining evidence of the discharge from your lender and providing this evidence to the buyer's solicitors.

In addition, if your property is subject to a Help to Buy mortgage that is to be redeemed upon completion, an additional £150 VAT will be payable.

Restrictions

If there is a restriction registered against the property title, we will charge a fee of £50 plus VAT to deal with the compliance/removal of the same.

Shared ownership

If the property you are selling is shared ownership, we will charge an additional fee of £300 plus VAT. This is for the additional work involved in liaising with the shared owners solicitors/management company.

Third party gift

If any funding towards the transaction is being provided by a third party, such as a family member, we will charge a fee of £75 plus VAT. The fee is to cover the cost of our writing to the person providing the funding, checking their identity and their evidence of funds.

Unregistered title

In most cases the title to a property will be registered at the Land Registry. Registration of property had become compulsory following a disposition across all of England and Wales since 1990.

If the title to your property is unregistered we will charge an additional fee of £150 plus VAT. This is for the additional work involved in preparing the Epitome of Title to provide to the buyers solicitors with the draft contract.

Key undertaking

A key undertaking may be required if you agree with your buyers that they will be granted access the property between exchange and completion. The key undertaking will set out the basis of any agreement in this regard. We will charge a fee of £50 plus VAT to prepare or review a key undertaking.

Solar panel lease

If the property benefits from solar panels and there is a solar panel lease which needs to be transferred to the buyer we will charge a fee of £125 plus VAT to deal with the assignment of the lease and for entering into correspondence with the solar panel company.

If you have any questions about our addition fees, please contact us online or call us free on 0330 123 0068

Fee Description Item Cost

Arranging indemnity(per policy)

£55 plus VAT

Complex chain surcharge

£75 plus VAT

Dealing with third party solicitors

£200 plus VAT

Expedited completion fee

£150 plus VAT

Leasehold fee (house)

£100 plus VAT

Leasehold fee (flat/apartment)

£200 plus VAT

Redemption of mortgage fee

£100 plus VAT

Redemption of Help To Buy mortgage fee

£150 plus VAT

Restrictions

£50 plus VAT

Shared ownership

£300 plus VAT

Third party gift

£75 plus VAT

Unregistered title

£150 plus VAT

Key undertaking

£50 plus VAT

Solar panel lease

£125 plus VAT



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