Our fees are based on the amount of time it takes us to complete your sale efficiently and the seniority and experience of the lawyers and other fee earners working on your transaction. Our fees will be specifically agreed with you at the outset of your transaction, once we know the details and circumstances involved, and will cover the work required to complete your sale. Where the transaction does not proceed to completion a reduction of up to 25% is usually applied to the agreed fees depending on how far advanced the transaction is.
Our current hourly charge rates range from £305 for a recently qualified solicitor to £515 for a senior partner/consultant.
Occasionally a transaction becomes unexpectedly more complex e.g. works to the property might have been carried out without the necessary permissions. We would notify you of this as soon as reasonably practicable, so that you can decide whether you wish to continue with a sale at that time with the additional expense of us dealing with the unexpected extra work.
|Sale price of property||Fee range|
|Less than £1,000,000|| £3,500 – £5,000
|£1,000,000 – £2,000,000|| £5,000 – £7,000
|£2,000,000 – £3,000,000|| £7,000 – £9,000
|£3,000,000 – £4,000,000|| £9,000 – £11,000
|£4,000,000 – £5,000,000|| £11,000 to £13,000
|£5,000,000 +||£13,000 +
Our fee ranges assume that:
Disbursements are costs related to your transaction that are payable to third parties, such as Land Registry fees to obtain official copy title documents or local authority charges to obtain copies of planning documents. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements are not included in our fee ranges, however, these typically include:
Any photocopying that is required will be charged at a commercial rate. This would usually be no more than £100 plus VAT where relevant.
VAT is payable at 20% on all legal fees and taxable disbursements.
How long it will take from accepting your buyer’s offer until you can complete the sale of your property will depend on a number of factors. The average process takes between 4-8 weeks to exchange contracts and then between 2-4 weeks from exchange to completion. It can be quicker or slower, depending on the parties in the chain. For example, if you are a seller to a first time buyer, who has a mortgage agreed in principle at the outset, it could take overall 6-8 weeks.
The precise stages involved in the sale of a freehold residential property vary according to the circumstances. However, below we set out some key stages that are relevant to most transactions:
You may review the experience and qualifications of our Private Client Property Team here
Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.Close