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Selling a Property

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Let's Make It Simple

Selling a property can be complex to follow, so we've tried to simplify the process for you.

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Disbursements

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FREEHOLD PROPERTY PURCHASE

There are a number of expenses which have to be paid to third parties to enable us to complete your transaction, called ‘Disbursements’. These charges must be paid by you.

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Likely Disbursements

Searches: Â£220.00 (estimated)

Land Registry Search: Â£3.00 (per title number usually only 1 but may be more titles in some transactions)

Bankruptcy Searches: £2.00 (per name)

Land Registry Fee: This fee is payable to the Land Registry to register your purchase with them. The fee payable is dependent on purchase price, and whether the property is currently registered. You can check with the Land Registry what the likely fee will be by visiting http://landregistry.data.gov.uk/fees-calculator.html

Stamp Duty Land Tax: The amount of stamp duty land tax payable – if any – differs depending on the price of the property and the circumstances of the purchase, i.e. whether you are a first time buyer, or buying an additional property. You can calculate the amount you will need to pay by visiting HMRC’s website (https://www.taxservice.gov.uk/calculate-stamp-duty-land-tax/#/intro)

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LEASEHOLD RESIDENTIAL PROPERTY PURCHASE

Additional disbursements

Notice of transfer fee: This is usually set out in the lease or by the landlord/management company who owns/runs the building. The fee can range between £50.00 and £300.00 but can be higher or lower.

Notice of charge fee: This is usually payable if you are taking out a mortgage to be secured against the property. It is usually set out in the lease or by the landlord/management company who owns/runs the building. The fee can range between £50.00 and £300.00 but can be higher or lower.

Deed of covenant fee: The lease will confirm whether a deed of covenant is required. If so, the fee will be set by the landlord/management company and can be difficult to estimate. The fee can range between £50.00 to £300.00 but can be higher or lower.

Certificate of compliance fee: The lease and the Land Registry title will confirm whether a certificate of compliance is required. If so, the fee will be set by the landlord/management company and can be difficult to estimate. The fee can range between £50.00 to £300.00 but can be higher or lower.

Ground rent and service charges: These charges are likely to apply throughout your ownership of the property. Further details will be provided once the information is received from the landlord/management company.

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Selling - Our fees: About

Additional disbursements

Land Registry documents: In addition to a copy of the leasehold title, title plan and lease, we will be required to obtain a copy of the freehold title, title plan and any other documents relevant to the transaction. Each document requested from the Land Registry costs £3.00.

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Management pack: A pack of information to be provided by the landlord/management company, to include:-

  • Replies to standard leasehold enquiries

  • Last 3 years’ of audited accounts;

  • Last 3 years’ ground rent and service charge accounts;

  • Memorandum and articles of association;

  • Fire and asbestos risk assessments;

  • Any other relevant documents.


The fee payable for the management pack is set by the landlord/management company responsible for preparing the pack.

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We will always try to estimate the likely disbursements for your transaction as best we can, but each case is different and occasionally it may become apparent during the transaction that further disbursements may be incurred. We endeavour to contact our clients as soon as possible if any further disbursements are identified.

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We are sorry to advise that we no longer deal with properties in Wales.

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FAQ

How long will my sale take?

How long it will take between your offer being accepted and when the purchase completes will depend on a number of factors. The average process takes between 6 and 12 weeks, but it can be quicker or slower, depending on the circumstances and the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you a buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation, additional charges will apply.

How do I know what step is next?

Your dedicated member of the team will keep you updated throughout the process, however you can refer to our simple guide to buying, to keep you on track!

Do I have to pay stamp duty?

The amount of stamp duty land tax payable – if any – differs depending on the price of the property and the circumstances of the purchase, i.e. whether you are a first time buyer, or buying an additional property. You can calculate the amount you will need to pay by visiting HMRC’s website (https://www.taxservice.gov.uk/calculate-stamp-duty-land-tax/#/intro)

How do I get started?

Contact one of our dedicated conveyancing teams today. You can view the team here, or contact us below.

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Get in Touch

Registered Office: 36 Clarence Rd, Chesterfield, S40 1XB

Contact: 01246211006

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Kieran Clarke Green Ltd trading as Kieran Clarke Green Solicitors. Registered in England and Wales No. 9928406.

Authorised and Regulated by the Solicitors Regulation Authority No. 627285

01246 211006

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