Residential Sale

The following fees apply to all standard transactions.

Value
Legal Fees
VAT
Total
Up to £750,000
£750
£150
£900
Up to £1,000,000
£1,250
£250
£1,500
+ £1,000,000
£2,250
£450
£2,700
Aborted Transactions
£150 - £500

Additional Fees and Expenses

Office Copies of Title
£6
£6
Indemnity Policy
£30
£6
£36
Dealing with a Second Charge
£100
£20
£120
Unregistered Land Fee
£100
£20
£120
Leasehold Property
£100
£20
£120
CHAPS Telegraphic Transfer Fee
£40
£8
£48
BACS Telegraphic Transfer Fee
£10
£2
£12
Leasehold Management Pack Fee
Dependant on Landlord
Contingency Fee (if applicable)
Dependant on Landlord
Removal of a Restriction on the Register of Title
£75
£15
£90
Sale of property subject to a solar panel lease
£200
£40
£240

Acting for you in respect of your sale of a residential property

As Part of This Service We Will:

  • Take your initial instructions and give you initial advice and comply with Identification requirements
  • Once you have completed the initial Property Information Forms for the property you are selling, we will obtain the Title Documents from the Land Registry and prepare contract pack
  • Draft your contract for sale and issue to the buyer’s conveyancer
  • Answer any additional enquiries raised by your buyer’s conveyancer
  • Send you the final contract and arrange for you to sign in readiness for exchange
  • Agree completion date (date from when you will no longer own the property and will have had to vacate the premises)
  • Exchange contracts and notify you that this has happened
  • Approve transfers from the buyer’s conveyancer and send to you for signature and witnessing
  • Request your estate agents commission account for settlement on completion
  • Prepare Completion statement
  • Complete your transaction and send you the proceeds of sale once all fees and balances due have been paid (e.g. Estate Agents fee and mortgages)
  • Send all deeds and documents to the buyer’s conveyancer

If it becomes apparent that there are unforeseen circumstances in connection with the sale, we may have to increase our charges, but if that is the case, we shall inform you before we incur any additional costs.

In relation to leasehold properties we will also:

  • Obtain a copy of your lease from the Land Registry/you
  • Contact the landlord/managing agent for replies to standard leasehold enquiries and raise any specific enquiries raised by your buyer’s conveyancer to the landlord or their agent
  • Advise you of any additional cost required pursuant to the lease in respect of landlord/managing agents/management company involved as appropriate
  • Advise on service charge and ground rent pursuant to the lease

If you are selling a leasehold property, we may have to obtain management information from the managing agent or freeholder. They may make a charge for providing this information which you will need to pay for upfront.

Average Timescales

How long it will take from you accepting an offer to completing the sale depends on a number of factors. The average transaction takes around 6-8 weeks to exchange with a further week or two before completion, depending upon parties agreeing to the completion date.

Residential Purchase Freehold and Leasehold

The following fees apply to all standard transactions

Value
Legal Fees
VAT
Total
Up to £750,000
£750
£150
£900
Up to £1,000.000
£1,000
£200
£1,200
+ £1,000,000
£2,000
£400
£2,400
Aborted Transaction
£150 - £500

Additional Fees and Expenses

Search Fees
From £260
HM Land Registry Search
£3.00
HM Land Registry Registration Fee
Dependant on property value
SDLT
Dependant on property value
Unregistered Land Fee
£100
£20
£120
Leasehold Property
£100
£20
£120
CHAPS Telegraphic Transfer Fee
£40
£8
£48
BACS Telegraphic Transfer Fee
£10
£2
£12
Deed of Covenant
Dependant on Landlord
Notice of Assignment
Dependant on Landlord
The addition of a Restriction on the Register of Title
£75
£15
£90
Purchase of a property subject to a solar panel lease
£200
£40
£240

Acting for you in respect of your purchase of a residential property:

As Part of This Service We Will:

  • Take your initial instructions and give you initial advice and comply with Identification Requirements
  • Checking your financial arrangements to ensure funds are in place to purchase
  • Receive and advise on contract documents
  • Carry out searches
  • Advising on the search results and obtaining copies of all documentation referred to in the searches.
  • Make any necessary enquiries of seller’s conveyancer
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you this has happened
  • Prepare Completion Statement
  • Advise you of the monies needed for completion
  • Complete purchase
  • Deal with payment of stamp duty/land tax
  • Deal with application for registration at Land Registry
  • HM Land Registry Fee – this will depend on the value of your new mortgage. You can calculate the amount you will need to pay by using HMLR’s website.
  • Stamp Duty Land Tax –this will depend upon the value of your new mortgage. You can calculate the amount you will need to pay by using HMRC’s website.

In relation to leasehold properties we will also:

  • Review your lease and report to you on the terms of the lease
  • Advise you of any additional cost required pursuant to the lease in respect of landlord/managing agents/management company involved as appropriate
  • Advise on service charge and ground rent pursuant to the lease
  • Make enquiries with the landlord or their agents via the sellers solicitors in respect of the arrangement for management /maintenance of the building in which your leasehold property is located, including communal parts.

Average Timescales

How long it takes from acceptance of your offer until the purchase is complete depends on a number of factors. The average transaction takes between 6-8 weeks to exchange and then one or two weeks before completion, depending upon all parties agreeing to the completion date.

How Much Does It Cost To Apply For Probate

The costs information set out in this section are intended to be as accurate as possible but is only a guideline based on the instructions given at the time of the retainer. Thus, if the nature of the work or additional work is required, we will be entitled to make an additional charge, but we will let you know what this is going to be.

Grant Only Applications
Legal Fees
VAT
Total
IHT205
£2,000
£400
£2,400
IHT400
£3,000
£600
£3,600
Full Estate Administration Service
We are currently offering clients four alternative charging options for our fee (disbursements and vat are not included)
  • pay for the time spent at our standard hourly rate (£285); or
  • pay for the time spent at the lower hourly rate (£150) and 1.5% of the gross value of the estate; or
  • pay 3% of the gross value of the estate.
  • That we calculate our fee using each method above and then apply the amount which is the middle outcome.
Additional Costs
Probate Court Application Fee
£155
Additional Copies of the Grant
£1 per copy
Statutory Notices
£160 estimate
Unclaimed Assets Searches
Simple Search £25
Complex Search £162
Bankruptcy Search
£2 per person
CHAPS Telegraphic Transfer Fee
£40
£8
£48
BACS Telegraphic Transfer Fee
£10
£2
£12

Grant Only Service

The Grant only service is only available where no Inheritance Tax is due. The Executors will be responsible for dealing with the administration of the Estate once the Grant has been received.

Full Estate Administration Service

This will apply:

  • If there is a valid Will
  • There is no more than one residential property
  • There are no more than 3 bank or building society accounts
  • There are no tangible assets
  • There are 1-6 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in fees.
  • There is no inheritance tax payable and the Executors do not need to submit a full account to HMRC
  • There are no claims to be made against the Estate

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

  • Providing initial service
  • 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 will vary if the above does not apply or if the deceased died intestate.

Costs may be reduced considerably if family members are prepared to help with the non-legal task such as clearing personal items, meeting with estate agents and transferring utilities. These aspects can often be time consuming but do not usually require our expertise.

Before undertaking any work, we will meet you to review the Will and provide an initial overview of the requirements to administer the Estate. We will then provide a fee estimate.

Please see our residential sale costs information for cost in respect of any property sale, which are payable in addition.

Average Timescales

On average, if there is no property to sell, no Inheritance Tax liability and we are instructed to write to asset holders and other third parties, all of the liabilities and beneficiaries are established and over the age of 18 with no age contingency, the Estate could be dealt with within 6-9 months.

The timescale will be longer for example, if there are tax complications, if there is a property to sell or it there is a potential financial claim against the Estate.

Wills and Lasting Powers of Attorney

The following fees apply.

Legal Fees
VAT
Total
Standard Simple Will
£155
£31
£186
Codicil
£100
£20
£120
Asset protection planning /Trusts (in Wills)
£240
£48
£288
Notice of Severance of Joint Tenancy
£100
£20
£120
Transfer of Property following death
-already registered at Land Registry
£170
£34
£204
-first registration at Land Registry
£295
£59
£354
HM Land Registry Fees
Vary
General Power of Attorney
£150
£30
£180
Lasting Power of Attorney including registration
£270
£54
£324
Lasting Power of Attorney Certificate Provider
£60
£12
£72
Registration of Enduring or Lasting Power of Attorney (pre-July 2015 only)
£240
£48
£288
Office of the Public Guardian Registration Fee
£82
Hourly Rate for all other work
£285
£57
£342

These are guide prices only and we will advise you if the work you require is different.

As part of our Will service we will:

  • Send you a Will Information Pack which includes a questionnaire to be completed prior to your appointment
  • Take your initial instructions in your own home
  • Make sure your assets go to the people you chose
  • Minimise any inheritance tax liability
  • Name trusted people as executors to carry out your wishes when you die
  • Appoint legal guardians for any children who are still minors
  • Reflect changes in your life circumstances, such as marriage or divorce, or the birth of children or grandchildren
  • Advise on trusts and any gifts to charity.

Average Timescales

We would aim to prepare a draft Will within four weeks of instruction.

As part of our Lasting Power of Attorney service we will:

  • Send you a Lasting Power of Attorney Information Pack which includes a questionnaire to be completed prior to your appointment
  • Take your initial instructions in your own home
  • Detailed consideration of your wishes and the drawing up of suitable Lasting Power of Attorney documents to reflect these
  • The certification of the Lasting Power of Attorney – which confirms that the person making the Lasting Power of Attorney has the requisite understanding to do so
  • Registration of the Lasting Power of Attorney with the Office of the Public Guardian

Average Timescales

We aim to complete the drafting and execution of your Lasting Powers of Attorney within six weeks of instruction.

The registration of the documents with the Office of the Public Guardian may take up to 3 months to complete, but is often much less.