Business Daily Media

Legal Fees for Selling a House

  • Written by

When you’re looking to sell a house, there are a number of different things you need to take into account before you can do that. One of the main things to consider is the Legal Fees for Selling a House

What is involved in Legal Fees for Selling a House

It is important that you get a good quote for your conveyancing, if you don’t want it to make a big dent in your savings.

Conveyancing is a competitive business. Many quotes are usually designed to make you believe that they are cheaper than they really are.

You must always read the small print and make sure there are no hidden costs when you’re looking at conveyancing fees for selling your home. Sometimes some websites or conveyancers will charge for things that should be covered and included in the basic sale fee. They will often list these as extras or just categorise them under disbursements.

There is the option of the Fixed Fee Conveyancing where there will be no hidden charges, so you won’t have to deal with any nasty surprises down the line.

How much does it cost?

The Legal Fees for Selling a House usually vary depending on the value of the property that you are looking to sell and any complications that may be involved in the sale of your property. Taking into account current market and pricing data, typically the solicitor's base Legal Fees for selling a House will be between £550 - £1,000.

When looking at the Legal Fees for Selling a House you should always get a solicitor to agree on their charges in writing before you start anything.

Before making any transaction, make sure you take the help of licensed conveyancing solicitors in London like AVRillo. They are rated as the best conveyancing solicitors in Bradford and the top Stockport conveyancing solicitors.

Calculate the Legal Fees for Selling a House

When selling a house, you have to make sure you have calculated how much it is going to cost you to sell your home. Included in those costs, will be the legal fees for selling a house, estate agents fees and removal fees. These costs can often begin to add up, so it's important to understand all of the fees and exactly what you are paying for

Buying a Newbuild Process

There are many benefits in buying a newbuild home – including energy efficiency, low maintenance, and the bonus of a fast, straight forward buying process, with no chain but buying a New Build Process involves a number of important things that need to be considered.

Reserve your property

Once you’ve found a home, you can secure the property by paying the developer a reservation fee.

This fee can range from £500 to £2,000 and will reserve the home for a 28-day period. During this time, the developer will expect to exchange contracts. Once the purchase completes, the developer will deduct the reservation fee from the final price.

When going through the buying a New Build Process the next stages to consider are as follows: -

Secure your mortgage

It’s not recommended that you exchange without your finance in place so it’s important that you ensure your mortgage offer is valid.

Your mortgage lender will arrange for a surveyor to carry out a valuation survey. If you’re buying off-plan, the valuation will be based on the plans and specification the developer has provided.

Pay the deposit

The deposit will be 10% of the total property price. You will pay the funds to your conveyancing solicitor, who will transfer them to the developer’s solicitor on your behalf.

If the developer is registered with a warranty provider such as NHBC Buildmark or Premier Guarantee, your deposit will be protected up to a maximum of 10% of the purchase price. Not only does this cover you if the developer goes bust, but it allows you to withdraw from the purchase and claim a full refund without penalty if there are unreasonable delays in the construction process (i.e. if you still haven’t moved in six months after the long-stop date).

Exchange contracts

In buying a Newbuild process - the conveyancing solicitor will:

the terms of the contract and draft transfer/lease

the title to the property

the planning documents

any other relevant documentation

clarify information with the developer’s solicitor, if necessary

ask you to sign the paperwork

The snagging list

The next stage in the buying a newbuild process is making a snagging list means walking round your new home and identifying issues that you feel haven’t been completed to a satisfactory standard, such as defects with decoration or fixtures and fittings. The ideal time to make your snagging list is between exchange and completion. This means the developer can fix any problems during that time.

Warranty repairs

In the buying a new build process the developer has a duty to repair all defects within the first two years of you buying the home. After that, your warranty covers you for another eight years for damage to certain parts of the property. If you sell within the first 10 years, the entitlement to claim against the guarantee will pass to the next owner.

What you are buying

Throughout the buying a Newbuild process you need to ensure that the finished home had been made to the standard you expect.


Legal Fees for Selling a House

When you’re looking to sell a house, there are a number of different things you need to take into account before you can do that. One of the main things to consider is the Legal Fees f... - avatar

How To Choose The Best Building Inspection Company?

You've found the house of your dreams at long last. The pricing is fair, and the funds are in good standing. Is the property, on the other hand, a good investment? To avoid disaster, you... - avatar

Australian Venue Co to acquire 9 Western Australia venues

Leading hospitality group to enter acquisition & asset swap agreements with Ark Group & Colonial Leisure Group  Australian Venue Co is pleased to announce that it has entered i...

Business Daily Media - avatar Business Daily Media

$26M Estate in Southampton Now Available for Sale on Gin Lane

With easy access to the historic village's Main Street and Job Lane, which features fine restaurants, designer boutiques and fine-art galleries, summers in Southampton are what memories ar...

Business Daily Media - avatar Business Daily Media

Business Reports

How to Deal With An HMRC Enquiry?

If you get that morning call or letter from the HMRC that they would like to investigate your tax position, you will most likely panic. You will not know what awaits you if this is your first time facing a tax investigation by H...

Why some are rich, others are poor – and what it means for future prosperity

What makes a nation wealthy?Getty ImagesWhy are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public off...

Creating my own space in the start-up tech industry

When I ventured out to launch a start-up targeting mums, I knew it wasn’t going to be easy. In a field that is heavily male-dominated, the gender funding gap is ever-present, with some suggesting the issue stems from bias that...

Australian CEO reaches record breaking donation goal

Leading Australian entrepreneur and philanthropist Chris Christofi has achieved his ambitious record-breaking goal to raise $250,000 for people experiencing homelessness, following the Vinnies CEO Sleepout which took place at th...

Biden says it will provide ‘a little bit of relief’ – but experts say even that may be a stretch

Gas prices are at record highs. AP Photo/Gene J. PuskarPresident Joe Biden called on Congress to suspend the federal gas tax to “bring families just a little bit of relief” as average gasoline prices exceed US$5 a gall...

Yes, fireworks prices are skyrocketing, but there should be plenty of bottle rockets and sparklers for you and your family this Fourth of July

Many cities, such as New York, returned to hosting big public displays in 2021 after skipping 2020 due to the pandemic. AP Photo/John MinchilloIf you’re looking forward to shooting off bottle rockets and Roman candles this F...

Content & Technology Connecting Global Audiences

More Information - Less Opinion