Our Commercial and Residential Property team are well known and respected in the local area due to our expertise, knowledge and experience in buying and selling residential property. We understand that what our clients want is excellent advice, dedicated and easy to contact solicitors; to have a secure footing and a positive result. One of our great strengths is to move a sale or purchase through quickly and we have a proven ability to act on urgent deadlines getting the best outcomes for our clients.

The team is lead by Michelle Ody, a Property Solicitor, who has over 10 years experience.

Teresa Scoular is a Senior Conveyancer with over 35 years experience, with an hourly rate of £175

Ben Mitchell is newly qualified Solicitor with in-depth knowledge and experience in commercial and residential property with an hourly rate of £175

Claire Wicks is a Chartered Legal Executive and Fellow of the Chartered Institute of Legal Executives who joined Parnalls Solicitors in 2010 with an hourly rate of £150

Brenda Johnson is an experienced Land Registry Assistant with an hourly rate of £145

Gemma Blakely is an Assistant to the Commercial and Residential Property team with an hourly rate of £85

Helen Overbeck and Wendy Meneer are Assistants to the Commercial and Residential Property team with an hourly rate of £75

Sale of Residential Property

Conveyancer’s fees and disbursements

For sales there is a legal fee which is dependent on the transaction value of the property being sold:-

Freehold

Transaction Value               Estimated Conveyancing    VAT
Cost

£150,000 – £200,000              £650 – £750                                  £130 – £150
£200,000 – £250,000             £750 – £850                                  £150 – £170
£250,000 – £300,000             £850 – £950                                  £170 – £190
£300,000 – £350,000             £950 – £1,250                               £190 – £250
£350,000                                   Costs on request


Leasehold

Transaction Value            Estimated Conveyancing      VAT
Cost
£150,000 – £200,000          £800 – £900                                   £160 – £180
£200,000 to £250,000       £900 – £1,000                                £180 – £200
£250,000 to £300,000       £1,000 – £1,100                              £200 – £220
£300,000 to £350,000       £1,100 – £1,400                              £220 – £280
£350,000                               Costs on request

 

 

 

Disbursements

These are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • HM Land Registry fee £8
  • Electronic money transfer fee redeeming the mortgage.  £26.40
  • VAT payable £5.28
  • On a leasehold sale there is likely to be a management pack fee of £150-350 (inclusive of VAT)

Estimated total: £39.68 (leasehold £286.68)

How long will my house sale take?

How long it will take from your offer being accepted until you complete the sale will depend on a number of factors. The average process takes between 6-10 weeks. It can be quicker or slower, depending on the parties in the chain.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages. These include:

  • Take your instructions
  • Check whether there is an existing mortgage and contact the lender for a redemption statement
  • Draft sale contract and compile title pack
  • Reply to the enquiries of the purchaser’s solicitor
  • Send final contract to you for signature
  • Agree completion date
  • Exchange contracts and notify you that this has happened
  • Complete sale  and arrange to pay the estate agents their commission
  • Arrange for all monies needed to redeem the existing lender and transfer the balance to you or a related purchase

For more information on these services, call 01566 772375, send an email to enquiries@www.parnalls.com or click here