Additional Costs

Every transaction is individual and therefore it is impossible to be able to provide a list of additional costs for every eventuality. However, in our experience the following matters can give rise to additional costs and expenses:

• Indemnity Insurance policies – These are very often required in Sale transactions and are used to cover a number of issues such as defective legal title, missing information, lack of planning permission or building regulation approvals. At the point it becomes evident that such policies are required we will contact you to advise the cost of the policy and then provide you with the relevant Demands and Needs statements in relation to such policy. Each policy has a different cost, usually between £20 – £150.
• Title Issues – Unfortunately some sale transactions do present complex issues requiring a need for additional time to be spent on your file or for legal documents to be drawn up. As soon as it becomes evident your matter has become more complex and additional documents are required we will immediately inform you and provide you with a further quotation for your approval before proceeding to undertake any additional work.
• Leasehold Information Packs – When selling a Leasehold property you will be required to provide the Buyers solicitors with the Landlord/Managing Agents Standard Leasehold Information Pack or Form LPE1. There is always a charge made by the Managing Agents/Freeholder in respect of supplying this information and the costs are all different. We will liaise with the Managing Agents to establish this cost and then inform you of it before any request is made for the information.
• Leasehold fees – When selling a property there may be conditions in the Lease that impose charges upon sellers. We will ascertain any charges in this respect and advise you of them.