Your Sale of a Leasehold Property

About PWJ Solicitors

We have served generations of individuals and local businesses, providing comprehensive legal advice.

The Law Society - Conveyancing

The following is an indication of our expected fees and disbursements in a typical case of a sale of a leasehold property with a value of no more than £500,000.

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees, Estate Agent and Managing Agent fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.  Below is listed our expected fees and the basic costs for some example transactions:

Legal fees£1,615.00
VAT thereon @20%£323.00
'Safe Harbour' Anti-money laundering searches£9 per name (plus £1.50 per additional search criteria)
Office copy entries and plan£6 each
VAT thereon @20%£1.20 each
Bank charge for bank transfer£12.00 each
Administration charge for bank transfer£35.00
VAT thereon @20%£7.00
Administration charge for general disbursements£60.00
VAT thereon @20%£12.00
Administration fee for file storage£35.00
VAT thereon @20%£7.00

Landlord/Managing Agent Fees

It is common for the Landlord or Managing Agent of a leasehold property to charge an administration fee in order to provide a Leasehold Pre-assignment pack. The average cost of this varies between £100-350, but may be more or less depending on the individual Landlord or Agent requirements.

What is included in the estimate of fees above?

  • Checking your Identity to comply with Anti Money Laundering Legislation
  • Taking your instructions and advising you throughout
  • Obtaining the whereabouts of the title deeds and applying for the title deeds
  • Perusing your Title Deeds and documents;
  • Obtaining replies to standard pre-contract enquires and arranging for the completion of the fixtures fittings and contents form
  • Checking the registered proprietors of the property and that instructions are received from all the registered proprietors
  • Writing to the Landlord or managing agent to obtain replies to standard pre assignment enquires
  • Drafting the sale contract and sending this to your Buyer’s solicitor with supporting documentation
  • Transferring share in Management Company/Freehold Company
  • Advising you and subsequently approving amendments to the contract and preparing this for signatures by both parties.
  • Answering pre-contract enquiries raised by the Buyer’s solicitor
  • Effecting exchange of contracts
  • Following exchange, notifying the client, selling agents and the Lender
  • Deducing Title and answering Requisitions on Title
  • Obtaining a redemption statement and ensuring there are sufficient proceeds of sale to discharge all mortgages registered on the property
  • Approving the draft Transfer and obtaining your execution thereto
  • Preparing a completion statement and redeeming your mortgage
  • Completing the sale, authorizing the release of the keys and accounting to you.
  • Settling the estate agents fees

NB: If this firm does not complete the work we will charge you for the work done and expenses incurred.

What is not included in the estimate of fees above?

The cost of our service may increase if the transaction is more complicated. The list below is not exhaustive but they give examples of when our fees may rise, for example:

  • Protracted checks to ensure proof of your Identity is compliant with anti-money laundering legislation
  • If the legal title is defective or part of the property is unregistered
  • Responding to calls from estate agents and mortgage brokers
  • If there are excessive Additional Enquires due to defects in title or other missing documentation
  • If crucial documents pertaining to the legal title are missing
  • If crucial documents pertaining to the planning history of the property are missing
  • If there are second charges registered against the title
  • If there are any restrictions registered against the title
  • If we are required to arrange Indemnity Insurance
  • Drafting a Licence to Assign and Deed of Covenant if required by the Lease
  • If there are delays in the progression of the transaction
  • Advice in in relation to your proposed agency agreement.

Please note.  if your transaction comprises of any of the following elements, then an additional fee will be incurred based on the time expended and will incur additional fees based on the hourly rate charged by the fee earner:

  • Gifted Deposit
  • Source of Funds check for significant cash deposits used to fund the purchase
  • Lease extension
  • Shared ownership Lease/Staircasing
  • Defective/Inadequate Lease provisions
  • Defective title
  • Incomplete planning and/or building control issues
  • Purchase funds derived from a Lifetime ISA or Help to Buy or any other government incentive scheme.

If the costs of fees increase, how will these be calculated?
See: How We Charge

How long will my house sale take?

How long it will take from you accepted an offer until you can move out will depend on a number of factors. The average process takes between 12-14 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are selling to a first time buyer who has a mortgage in principle and all the information pertaining to the Lease is readily available, it could take 12 weeks. However, if you are in a long chain and your buyer does not have a mortgage offer ready or if there is missing information pertaining to the Lease and the payment of ground rent and service charges , this can take significantly longer.  These are average times, and transactions can be completed much faster in certain circumstances.  We also offer an expedited service for an additional fee if required.  Please contact us directly for details of this.

We are here to help make the process as easy and stress-free as possible. All of the work will be carried out by fully qualified experienced solicitors who have also been accredited by the Conveyancing Quality Scheme. Our aim is to provide a bespoke and quality level of service designed to make your house moving experience as stress free as possible.

Further information about the process can be found here:

Our Locations

Our office locations
New Rules for Registration of  Relevant Trusts and Declarations of Trusts Relevant Trusts in existence at 6th October 2020 (even if subsequently closed) must be registered with the new Trusts Registration Service by 1st September 2022 to avoid penalties and charges.  This rule also applies to relevant property trusts where the legal ownership position differs from the equitable ownership position; for example where a Declaration of Trust sits behind the Title with details of equitable owners such as where parents have loaned money to purchase a property and have their interest protected by a Declaration of Trust but are not named on the Title Register. Trusts formed after this date may also be subject to complex registration requirements. Please contact us if you are concerned that the above may apply to your Trust and would like advice or assistance with the process.