Prices – Sale (Leasehold)

ABOUT ALFRED JAMES & CO

Our team has over 54 years of combined experience in delivering high quality work in all matters relating to residential conveyancing.

We have four members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by our Senior Partner.

Please take a look at Our Staff page to see further details about our Conveyancing Team.

WHY CHOOSE US?

The buying and selling of your home is probably the largest transaction that most people undertake in their lives.

We are accredited by the Law Society’s CQS Conveyancing Quality Scheme as we have the necessary skills and expertise to provide residential conveyancing advice. We will provide all the information you need to understand the process, options, costs and timescales from the outset.

We are also proud to have achieved the Specialist Quality Mark (SQM) accreditation for demonstrating that we are well managed, provide excellent levels of client care and have systems in place to ensure delivery of good quality advice.

AJS Fees
Our fee for dealing with the transaction

	Property Leasehold Sales Price	AJS Fees
Option 1	£60,000 – £250,000	£1,200.00 + VAT Plus Acting for Lender fee of £150 plus vat
Option 2	Properties £251,000 – £500,000	£1,550 + VAT Plus acting for lender fee of £200 plus vat
Option 3	Properties £501.000 – £800,000	£2,500 + VAT Plus Acting for Lender Fee of £250 Plus Vat
Option 4	£801, 000- £1 million	£5,500 + VAT Plus Acting for Lender Fee of £300 Plus Vat
Option 5	£1,000,001 – £5million	To be discussed with the firm due to the high values of the transaction

Additional Costs:

Bank to bank transfer administration fee

£35 per transfer + VAT

Other Additional Fees (If applicable to your transaction which are chargeable at our discretion):

• Leasehold: £200 – £300
• Administrative Telegraphic Administration fee – £42.00 inc vat
• Islamic Mortgage (Redemption): £195 – £395
• Limited Company Sale: £250

Referral fee (if any)

Amount of average referral fee paid £120 – £500.00.
This fee will vary depending on the source of the instruction and we will inform you about the same in our client care letter.

Disbursements (third party costs)

Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). We handle the payment of the disbursements on your behalf to ensure a smoother process. You will be asked to put money on account to enable us place this order or pay for these disbursements upfront or at the completion of your matter with the exclusion of the management pack. We will contact the management company to obtain a quote for the same and will then make you aware of the fee for the same.

• Management Pack- TBA
• Office Copies: £6 –  per copy
• Admin Fee – eCOS ID/AML Checks = £14.40 per person

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

• If the property is leasehold;
• If there is a referral fee;
• If you wish for us to expedite your transaction;
• If we cannot meet you in person and will need to complete an electronic ID check;
• If you are a non-UK resident.

How long will the sale of my house take?

The length of time between instructing us (once receiving an offer on your property) to moving out of your property will depend on a number of factors. The average process takes between 6-13 weeks.

It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. For example, if you are selling a property that is leasehold, we will need to apply for the management pack; this can take significantly longer depending on the timeframes of the individual management company. Another example would be if you are selling a property with structural issues such as subsidence, this can take significantly longer than 6-13 weeks and in such a situation, additional charges would apply.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard sale.

• Take your instructions and give you initial advice;
• Check finances are in place to fund any related purchase (if applicable);
• Respond to any pre contract enquiries;
• Obtain a copy of the Title and prepare a contract to send to purchasers Solicitors;
• Collate information on fixtures and fittings and send to purchasers Solicitors;
• Respond to any raised enquiries;
• Receive transfer and arrange signature with you;
• Arrange an exchange and completion date;
• Obtain redemption statement from any relevant Lender to settle any outstanding amount on the mortgage;
• Transfer any remaining money from sale to the seller.

*Our fee assumes that:

1. 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;
2. The transaction is concluded in a timely manner and no unforeseen complication arise;
3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
5. You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.