Pricing Transparency

PURCHASE OF A RESIDENTIAL FREEHOLD OR LEASEHOLD PROPERTY

Conveyancing Fees:                                                

Value of Property (£) Our legal fees (£)
0 – 250,000 600 – 700
250,001 – 500,000 700 – 900
500,001– 750,000 900 – 1,100
750,001 – 1,000,000 1,100 – 1,300
More than 1,000,000 PRICE ON APPLICATION

 

The above fees are calculated using an hourly rate for our Conveyancers of £175.00

VAT at the standard rate is chargeable on all fees

Typical Conveyancing Costs: Disbursements when you are buying a Property:-

  (£)
Anti-money laundering checks ( Inc. VAT) per person 12.00
Bankruptcy search per person 2.00
Electronic Bank transfer fee ( Inc. VAT) 36.00
Land Registry Priority Search 3.00

 

In addition:-

  • You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. The total value on which you pay SDLT (sometimes called the ‘consideration’) is usually the price you pay for the property or land. You can use HM Revenue and Customs’ (HMRC) https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax   to work out how much tax you’ll pay.

 

  • Land Registry Fees are the fees charged by the Government for changing the records that the Government’s Land Registry holds about your property i.e. to update you as the legal owner and to show your mortgage. The fees charged by land registry to do this are based on the purchase price of the property. You can visit https://www.gov.uk/guidance/hm-land-registry-registration-services-fees to work out how much the Land Registry fee you’ll pay.

 

  • Property Searches – There are many different types of Conveyancing Searches. Which searches are needed for your property will be assessed by your Conveyancers. The searches fees are set by the search providers and you will be advised of the fees on application.

 

  • If you are obtaining mortgage finance, please be aware that legal fees will be payable for the work carried out in connection with your mortgage and the amount will be advised on application.

 

EXCLUSIONS in relation to a purchase transaction

Please note that we will not advise on or accept any liability in respect of: -

  • The structure or physical condition of the property or on issues raised in the survey or valuer’s report – save with regard to any part of the survey or report specifically referring matters to your legal adviser
  • Negotiations in respect of the price or other commercial arrangements
  • The Environmental Search beyond advising whether or not an Environmental Surveyor preparing the report concludes that the property could be considered “Contaminated Land”
  • The Plan Search. The results have to be considered subjectively and it is for you to consider and decide whether or not the entries shown in the Search will adversely affect your enjoyment of the property
  • Any matters related to tax, apart from estimating the amount of Stamp Duty Land Tax payable, calculated according to the HMRC online calculator, and using information provided by you in writing (Note that we do not advise on Annual Tax on Enveloped Dwellings)
  • Any matters relating to town and country planning, apart from those arising as a result of our searches and enquiries

 

SALE OF A RESIDENTIAL FREEHOLD OR LEASEHOLD PROPERTY

Conveyancing fees:-

Value of Property (£) Our legal fees (£)
0 – 250,000 600 – 700
250,001 – 500,000 700 – 900
500,001– 750,000 900 – 1,000
750,001 – 1,000,000 1,000 – 1,100
More than 1,000,000 PRICE ON APPLICATION

 

The above fees are calculated using an hourly rate for our Conveyancers of £175.00

VAT at the standard rate is chargeable on all fees

In addition:-

Typical Conveyancing Costs: Disbursements when you are selling a Property

  (£)
Anti-money laundering checks ( Inc. VAT) per person 12.00
Title Deeds   per copy 3.00
Electronic Bank transfer fee ( Inc. VAT) 36.00

 

EXCLUSIONS in relation to a sale transaction

Please note that we will not advise on or accept any liability in respect of: -

  • Any due diligence enquiries raised by or on behalf of the buyer
  • The structure or physical condition of the property
  • The value of the property, or other commercial matters
  • Any matters related to tax
  • Any matters relating to town and country planning, apart from those arising as a result of your buyer’s conveyancer’s searches and enquiries

 

Factors that may change the final cost on a Sale or Purchase transaction.

Our fees are fixed, however there may be factors which would typically increase the cost of the fees estimated above such as:

  • If a legal title is defective or part of the property is unregistered
  • If you discover building regulations or planning permission has not been obtained
  • If crucial documents, we have previously requested from you have not been provided to us
  • If the property is a new build
  • If the property is less than 10 years old
  • If you require to exchange within 6 weeks of instructing us
  • If you require completion within 6 weeks of instructing us
  • If you require simultaneous exchange and completion 

 

TIMESCALES

For any transaction, the timescales are subject to change depending on when your offer is accepted, and factors involved such as:

  • Number of parties in the chain
  • Whether you have a mortgage in place
  • Whether you are buying a new build property
  • Whether you need a lease extension for a leasehold property

 

A typical transaction will take between 10-14 weeks, however if any of the above apply or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur.   We will discuss this with you.

KEY MILESTONES

With every transaction there are key milestones, which may vary according to individual circumstances.    They may be as follows:

  • Take your instructions and give initial advised based on the information you have provided
  • We will need to check finances are in place to fund the purchase and contact the lender’s solicitors if needed
  • Receive and advise on contract documents
  • Undertake searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of the seller’s solicitor
  • Provide advice on all documents and information received
  • Advise you of the mortgage offer conditions
  • Finalise contract and send to you for signature
  • Agree completion date (the date which you legally own the property)
  • Exchange contracts and notify you that this has happened
  • Ensure all monies have been received from you and the lender(s)
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Complete and submit application for registration at the Land Registry 

 

The information above is designed to provide you the client with an indication of the likely costs we charge for a typical purchase and sale transaction.  A more detailed discussion relating to your specific transaction and requirements would still be expected to take place at the point of engagement and where appropriate during the course of the transaction. 

 

PROBATE PRICING STRUCTURE

How much does it cost to apply for probate?

Grant only service

Our Grant only service can be a cost effective way to obtain a Grant of Probate for a simple estate.

The Grant only service is only available where no inheritance tax is due. The family will be responsible for dealing with the estate once the Grant has been received.

Our Grant only fees are:

  • Where a simplified estate form (IHT205) is submitted – £2,500 plus VAT
  • Where a full estate form (IHT400) is submitted – £3,500 plus VAT

 

Full estate administration service

Our full estate administration service will provide you with expertise throughout the entire Probate process. This could include:

  • Providing initial advice
  • Gathering the necessary evidence needed for the Probate application
  • Applying for the Grant of Representation
  • Collecting in the estate assets
  • Paying tax, liabilities and legacies
  • Dealing with HMRC negotiations
  • Preparation of full estate accounts and tax returns
  • Distributing the residue of the estate to the entitled beneficiaries.

 

Our fees for this will vary depending upon the terms of the Will (or if the deceased died intestate), the size and complexity of the estate and the type of assets involved.

 

As a guide:

Up to £325,000:   £2,500 plus VAT (approx. 12 hours work)

£325,000 – £650,000:   £5,000 plus VAT (approx. 24 hours work)

In excess of £650,000: Price on application

Examples of circumstances that may increase fees:

  • High value estates
  • Assets abroad
  • Business Assets
  • Farms
  • Multiple share holdings

 

The information above is designed to provide you, the client, with an indication of the likely costs we charge for a typical Probate service.  A more detailed discussion relating to your specific requirements would still be expected to take place at the point of engagement and where appropriate during the course of the matter.

Before undertaking any work, we will meet with you to review the Will and discuss the estate. We will then give you a fees estimate – which is a range of costs that we believe we could incur when dealing with the estate.

Additional Costs:

  1. Probate fee – £155.00 (These fees are higher when applicants deal directly with the Probate Registry, without using a solicitor)
  2. Office Copies of the Grant – £0.50p
  3. Commissioner’s fees to swear the oath for executors – £7.00 per executor.
  4. Land Registry Search fees (per document)     £3.00
  5. Bankruptcy Search fees (per person) £2.00
  6. Anti-Money Laundering Check (Inc. VAT) £12.00
  7. Selling or transferring property – Please refer to our Conveyancing fees

 

WILLS AND LASTING POWERS OF ATTORNEY SERVICE

We charge £295 plus VAT for a single Will and £495 plus VAT for Mirror Wills.

We charge £800 plus VAT for both Property and Financial and Health and Welfare Lasting Powers of Attorney for one person.

All LPA’s must be registered with the Office of the Public Guardian for which they charge a fee of £82.00 payable to register each LPA.