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Leasehold Residential Sale

Conveyancing fees and disbursements for a leasehold residential sale at £100,000*

  • Legal fees £750
  • Land Registry Official copies of leasehold and freehold titles £12
  • Electronic money transfer admin. fee £30.00
  • VAT payable £156
  • Estimated total  £948

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be a requirement of the landlord under the terms of the lease, or for managing agents who are involved in the management of the property or development.  

Anticipated Disbursements

Leasehold information pack or replies to Leasehold Property Enquiries (LPE)  – This fee varies depending on the nature of the management in place and whether or not the freehold is owned by an investor or by a shared freehold company. Typically this cost can range from £50 to £350 and sometimes is also subject to VAT.    

These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

Stages of the process 

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

  • Take your instructions and give you initial advice
  • Liaise with your estate agent  and if leasehold the managing agent or landlord 
  • Prepare and issue contract documents
  • Review seller’s property information forms and supply to buyer’s solicitor
  • Reply to any enquiries raised by buyer’s solicitors 
  • Give you advice on all documents and information received
  • Obtain a mortgage settlement statement from your mortgage lender
  • Send final contract to you for signature
  • Approve draft transfer deed  
  • Agree completion date (date you will need to move out of the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies to be received from buyer’s solicitor and pay funds to clear mortgage
  • Complete purchase
  • Account to you with the sale proceeds and settle any estate agent account

* Our fee estimates as set out assumes that: 

a.this is a standard transaction of an existing freehold or leasehold property registered at Land Registry which is to be used as  a main residence (not an investment purchase) 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

b.the transaction is concluded in a timely manner and no unforeseen complication arise and the matter is not urgent or does not become urgent during the process

c.all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

The follow types of property or transaction would require a bespoke estimate to be provided, so will not fall within the range of costs provided above. This list is not exhaustive:

  • new build 
  • first registration of title
  • buy to let or second/holiday home 
  • multiple owners or trust property 
  • shared ownership s
  • using a help to buy scheme, equity loan or ISA
  • purchase under right to buy 
  • purchase at auction 
  • property has multiple titles or additional land 
  • property has been repossessed

Mortgage lender has additional requirements or is not CML regulated