Fees

Pricing Transparency

From 6 December 2018 under rule 1 of the SRA Transparency Rules we are required to publish information about our prices and services, as listed below.

Conveyancing Fees

Our base fees for conveyancing services are stated below, this is for standard transactions without a mortgage and assumes no unusual complexities.

Freehold Sale or Purchase

*We will agree a bespoke quote with you for completing your sale and purchase.

In addition to the base price there may be additional disbursements as follows:-

Sale

Purchase

Land Registry Fee – dependant on purchase price
Stamp Duty Land Tax – dependent on various factors

Sale work will consist of the following:

  1. Drafting a contract package;
  2. Assisting you in answering replies to additional enquiries;
  3. Negotiating a transfer document;
  4. Proceeding to exchange of contracts and then completion of the sale;
  5. Redeeming your mortgage (if appropriate), settling your estate agents’ commission account (if appropriate)

Purchase work will consist of the following:

  1. Investigating the title to the property, to include:
    (a)      carrying out searches with respect to title and local government information for the property; and
    (b)      reviewing replies given by the seller to pre-contract enquiries;
  2. Negotiating a purchase contract;
  3. Negotiating a transfer document;
  4. Preparing a report on title;
  5. Proceeding to exchange of contracts and then completion of the purchase;
  6. Transferring funds by telegraphic transfer to the seller’s solicitors and for relevant taxes;
  7. Calculating stamp duty land tax (SDLT) on the purchase and preparing and submitting to HM Revenue & Customs the appropriate SDLT forms; and
  8. Registering the purchase and the mortgage at the Land Registry.

We will not be carrying out any enquires into the past use of the property and will assume that you will be using it for residential purposes. The local search will not reveal planning applications in the vicinity of the property and if you require more information about this we would recommend that you look on the local Council’s website. We will not be dealing with the transfer of any guarantees and you will need to take appropriate meter readings and notify the utility companies accordingly. We would also recommend that you have your own survey carried out as you buy the property subject to the phrase “the buyer beware”.

We also suggest that you ensure you can arrange suitable buildings insurance before we exchange contracts and start insurance cover as soon as we have confirmed to you contracts have been exchanged.

Fees have been calculated on the basis that:

  1. Both properties are currently held under a single title at the Land Registry with no title defects;
  2. One contract is submitted to one purchaser;
  3. The sale and purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession;
  4. Completion takes place on the date agreed in the contract;

If it becomes apparent that there are unforeseen circumstances in connection with the sale and purchase we may have to increase our charges, but if that is the case, we shall inform you before we incur any additional costs. If you are buying a leasehold property we may have to give formal notice to the freeholder that you are the new legal owner and there may be fees charged by the freeholder.

If you are selling a leasehold property we may have to obtain management information from the managing agents or freeholder. They may make a charge for providing this information which you will need to pay for. The fees payable for the transmission of your SDLT return do not include any subsequent correspondence with HMRC except in circumstances where an issue has been caused by us. If we find that any other additional expenses need to be incurred after we have considered the contract, searches and title documents, we shall let you know the reason for the extra expense, the likely amount, and when we shall need payment. If for any reason, we have to abort the transaction related to the sale or purchase of your property, we will break the transaction down into stages and advise what percentage of the estimated fee will be charged.

Probate Fees

Non-Contentious Probate Fees

We have set out below the fees we charge for a straightforward application to obtain a Grant of Probate, Grant of Letters of Administration with Will Annexed or Grant of Letters of Administration:

There is an additional fee payable in all cases of £155 to the Probate Registry for the issue of a Grant. Further copies of the Grant that are stamped with the embossed seal of the Court costs £1.50 each + VAT.

*The Probate Registry fee is currently under review by the Government

These costs are based on the time taken to prepare the application forms. Should the application be unusual in nature or in time required to make it we will advise you in advance of how much additional work is envisaged and what the additional costs would be.

These costs do not include any charges for the administration of a deceased’s estate.

The Administration of a deceased’s estate would be charged at an hourly rate. This would involve all the elements of winding up and distributing a deceased estate. It would not include any costs incurred for the sale of particular assets (i.e selling a house or a stockbroker’s commission selling shares). A lot depends on the complexity of the estate and the number of beneficiaries.

Recent costs have ranged from £1,850 plus VAT to £7,900 plus VAT.

Rider

A solicitor’s charges must be fair and reasonable having regards to all the circumstances of the matter with which they are dealing. The Law Society prescribes what fees are reasonable for dealing with the administration of an estate and allows solicitors to charge a ‘value element’ on top of their hourly charge to reflect the particular level of risk and responsibility involved in the work being undertaken – and in particular the complexity of it, the skill and specialised knowledge involved in it, the number and importance of documents to be considered. The maximum percentage element chargeable is 1.5% of the value of the estate. It is unusual for us to charge a value element and on the occasions where we do, we agree that with our client
The costs of locating beneficiaries (Genealogist’s fees) would be extra and would depend on the amount of research undertaken.

Will Writing Fees

Fixed Fee Wills

Declaration of Trust Fees

Lasting Power of Attorney Fees

Fixed Fee LPA’s

Hourly Fees

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