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Selling Leasehold Property

When selling property such as a house or a flat, you need to instruct experienced conveyancers who will give you the best advice.

Our residential property team have many years of experience in helping clients sell property and our friendly and helpful team will help you through the whole process of selling your property, dealing with all legal issues quickly and correctly.

The Process of Selling a Leasehold House With BRM Solicitors

Agreement or Contract

We will draft a contract for selling your property to protect your interests.

Enquiries Before Contract

If any queries are raised by the buyers of your property, we will liaise with you so that we can reply to all of the queries.

Mortgage and Finance

Upon the completion of the process of selling your property, we will redeem any mortgages on your behalf and ensure the estate agent’s fees are paid. We will assume that the sale price of the property you are selling will be enough to discharge all mortgages on the property. If this isn’t the case, you must tell us immediately.

Completion Statement and Bill

We will send you our bill and completion statement shortly before completion. Cleared funds for all monies owed in the completion statement are required the day before completion. If we have any money on account left over after selling your house, we will send this to you by cheque.

Selling a Flat

When selling a flat, the same process is involved as when you are selling a house. Due to the nature of the leases which usually accompany flats, the buyer’s solicitors may have extra questions about the terms of the lease on the flat you are selling so they can properly advise the buyer.

About our instant quote service

Our instant quote service is provided by Hoowla, and your data is processed in the UK and Ireland. You are required to enter basic details about you and your intended property. The information you enter is confidential and will be used to calculate your quote, contact you with details of your quote, and to discuss your quote with you.

You are not required to provide your true personal information, but this is required if you would like us to contact you further regarding your quote request.

Any information you provide will be processed in accordance with our Privacy Policy.

Key Contact

Stuart Taphouse

Tel: 01246 564043 Email: stuart.taphouse@brmlaw.co.uk

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Fees and the work involved

How much will this cost?

Our fees cover all of the work required to complete the sale of your home.

The overall total costs of your sale will depend upon the sale price of the property.

Click the link below to obtain an instant bespoke quote.

About our instant quote service

Our instant quote service is provided by Hoowla, and your data is processed in the UK and Ireland. You are required to enter basic details about you and your intended property. The information you enter is confidential, and will be used to calculate your quote, contact you with details of your quote, and to discuss your quote with you.

You are not required to provide your true personal information, but this is required if you would like us to contact you further regarding your quote request.

Any information you provide will be processed in accordance with our Privacy Policy

Our fee assumes that:

This is a standard transaction 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 or if this is a sale by a deceased estate or under a power of attorney.
This is an assignment of an existing lease and not the grant of a new lease.
The transaction is concluded in a timely manner and no unforeseen complication arise.
All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
No indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

In the event that any of the circumstances at (1) to (5) above apply then this may result in additional charges, details of which will be supplied when we have had sight of your specific documents or as and when any of these issues arise as the transaction progresses.

Disbursements and other costs

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees for obtaining up-to-date copies of the register held by them for your property. We handle the payment of the disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply but are not included in our quote at one above are set out separately below. This list is not exhaustive. Other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the Land Registry.

Anticipated Disbursements

Obtaining a leasehold management information pack

This fee is provided by the management company for the property and can be difficult to estimate.

Often it is between £150 and £295.

We can give you an accurate figure once we have made contact with the landlord/management company.

Obtaining copy documents from the Land Registry

This includes a copy of the lease. Fees are usually between £3 and £6 per document.

You should also be aware that ground rent and service charges are likely to be required to be paid to your landlord in full up until the completion date on completion of the sale. We will confirm any the ground rent and service charge payments that may be required as soon as this we receive this information.

Who will deal with your case?

We have four members of the team who may work on your matter, together with support staff who carry out administrative roles. The Head of Department is Stuart Taphouse who will supervise the other team members.

Stuart Taphouse
Position: Director & Department Head

Katie Bacon
Position: Licensed Conveyancer

Matthew Elks
Position: ACILEx

Jane Womack
Position: Licensed Conveyancer

Stages of the matter

The precise stages involved in the sale of a residential property vary according to the circumstances. However generally the key stages are set out below:

Take your instructions and give you initial advice
Obtain details of your ownership from the Land Registry
Draft the contract documents and send them to the buyer’s solicitor
Contact the landlord/management company to obtain their leasehold management information pack
Deal with any enquiries raised by the buyers solicitor
Contact your mortgage provider and obtain redemption information (if applicable)
Agree completion date (date from which you no longer own the property)
Exchange contracts and notify you that this has happened
Complete sale and pay off your existing mortgage (if applicable)

How long will this process take?

This will depend on a number of factors.

The average process takes between 8-12 weeks.

It can be quicker or slower depending on the parties in the chain.

For example, if you require an extension of the lease, or a deed of variation to rectify a defect in the lease, then this can take significantly longer, between 2 and 5 months. In such a situation, additional charges would apply.

Our Residential Property Team Looking for another BRM team member? Search our team below.

Katie Bacon Licensed Conveyancer

Matthew Elks Graduate Member of the Chartered Institute of Legal Executives

Stuart Taphouse Director

Jane Womack Licensed Conveyancer