Why Choose Saulet Townsend?
We offer a personal service from beginning to end. We have many years’ experience of buying and selling in Portsmouth. We are accredited to the Law Society’s Conveyancing Quality Scheme to ensure that you get the best experience.
Please note that any prices on this page are indicative costs only. A full quote will be given once we have understood the individual circumstances of the matter.
We start with formal instructions from you. We need to know:
- The full address of the property
- The price
- Details of the estate agent
- If you have an onward purchase
- When you would like to move
Once we have received your instructions and identification documents, we can start the legal process. First, we will send to you our terms of business which will include a full estimate of the costs involved.
- Fee for sale of freehold residential property: From £750 plus VAT (£900 total)
- Fee for sale of residential leasehold property: From £780 plus VAT (
- Others costs involved will be Bank Charges £35.00 plus VAT (£42)
- Postage, Telephone call and faxes £25 plus VAT (£30.00)
We will provide you with a number of information forms and ask that you complete and return these to us. These include:
- The property information form: This asks you for key property information including details of boundaries, disputes, and guarantees and building work that has been carried out during your ownership or by previous owners. •
- The fixtures fittings and contents form: You decide which items are or are not included in the sale of the property. You can change these items before the contract is exchanged.
- You should also provide us with all the title deeds you hold, together with any planning and building regulations consent, guarantees and warranties.
We obtain an up to date copy of the title register and title plan from the Land Registry. We review this together with all of the completed forms and documentation which you have provided to us.
Issuing the Draft Contract:
We prepare a draft contract pack to be sent to the buyer’s solicitors which includes the draft contract, copy title documents, property information form, fixtures fittings and contents form, copy planning and building regulations consent, guarantees and warranties.
The buyer’s solicitor will review the draft contract pack and commission the conveyancing searches. From this they may wish to make enquiries which we will work with you to answer. There may also be negotiation surrounding the fittings and contents.
Signing the Contract and Transfer Deed
Once any enquiries have been satisfactorily dealt with, we will ask you to sign the contract and Transfer Deed which has been agreed between us and the buyer’s solicitor. At this stage, you must also agree a completion date with your buyer.
If you have a mortgage on your property, we will request a mortgage redemption statement prior to exchange, but calculated to the agreed date for completion. This will give the amount you will need to pay off the mortgage on your property.
Exchange of Contracts
Contracts can only be exchanged when all parties in a chain are ready to proceed and have all agreed to the proposed completion date. When there is a chain of property transactions, everyone in the chain must all exchange at the same time.
A non-refundable deposit must be paid by the buyer which is usually equal to 10% of the sale price. Once contracts are exchanged, you are legally bound to sell and the buyer to buy and normally you cannot change your mind without severe financial consequences.
Preparation for Completion
We will prepare a final financial statement for you and request the estate agent’s invoice as we discharge this from the sale proceeds on completion.
On the Completion Date
Once the buyer’s money has been received from their solicitors your sale has completed. We will pay off your mortgage, if any, and also pay the estate agent’s invoice. We will send the Transfer Deed to the buyer’s solicitor in order to pass ownership of the property to the buyer.