Transparency Information

Purchase and sale of a freehold residential property

(Purchase) – Denotes costs that are only applicable to Purchases

(Sale) – Denotes costs that are only applicable to Sales

Estimated Legal Fees *

Price of Property

Legal Fee

VAT

Total

£0 – £200,000

£500

£100

£600

£201,000 - £300,000

£550

£110

£660

£301,000 - £400,000

£700

£140

£840

£401,000 - £500,000

£750

£150

£900

£501,000 and over

Please contact us for a full quote

 

 

Other fees

Fee type

Fee

VAT

Total

Electronic Funds Transfer Fee

£35

£7

£42

Mortgage Fee

(Purchase)

£50

£10

£60

SDLT/LTT return fee

(Purchase)

£50

£10

£60

Leasehold Fee

£200

£40

£240

 

 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Search Fees

Type of search

Cost

vat

Total

Standard search pack

(Purchase)

(includes Local Authority Search, Water and Drainage Search, Environmental Search and Coal Mining Search)

£225

N/A

£225

OS1 SEARCH (Purchase)

£3

£0.60

£3.60

Official Copies

(Sale)

£3 per document

N/A

£3 per document

Bankruptcy Search

(Purchase)

£2 per person

£0.40

£2.40

 

Land Registry Fees (Purchase of registered property)

Value or amount

Application by Portal and Gateway for transfers which affect the whole of a registered title

£80,001 to £100,000

£40

£100,001 to £200,000

£95

£200,001 to £500,000

£135

£500,00- to £1,000,000

£275

Stamp Duty or Land Tax (on purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here..

 

How long will my transaction take?

How long it will take will depend on a number of factors. The average process takes between 8 – 12 weeks. It can be quicker or slower, depending on the parties in the chain.

 

Stages of the purchase process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, key stages include:

  • Take your instructions and give you initial advice
  • Check source of funds used to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on documents and information received
  • Report on special conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on types of joint ownership
  • Obtain pre-completion searches
  • Confirm completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry
  • Confirm Registration

 

Stages of the sale process

  • Take your instructions and give you initial advice
  • Request and check Official Copies
  • Draft contract documentation
  • Reply to enquires
  • Obtain a redemption figure from mortgage lender
  • Send final contract to you for signature
  • Approve Transfer
  • Confirm completion date (date from which you own the property)
  • Reply to requisitions
  • Exchange contracts and notify you that this has happened
  • Obtain completion monies
  • Pay estate agents fees

* Our fee assumes that:

  1. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  2. In respect of leasehold properties this is the assignment of an existing lease and is not the grant of a new lease
  3. the transaction is concluded in a timely manner and no unforeseen complication arise
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

 

Additional fees and disbursements may apply in some cases, you will be advised of any additional costs that you may incur.

 

 

 

Range of Costs- Employment

Our estimated costs for bringing and defending claims for unfair or wrongful dismissal

Simple case: £3000-£4000(excluding VAT)

Medium complexity case: £5000-£7000(excluding VAT)

High complexity case: £7000-£20,000(excluding VAT)

Factors that could make a case more complex:

  • If it is necessary to make or defend applications to amend claims or to provide further information about an existing claim
  • Defending claims that are brought by litigants in person
  • Making or defending a costs application
  • Complex preliminary issues such as whether the claimant is disabled (if this is not agreed by the parties)
  • The number of witnesses and documents
  • If it is an automatic unfair dismissal claim e.g. if you are dismissed after blowing the whistle on your employer
  • Allegations of discrimination which are linked to the dismissal

There will be an additional charge for attending a Tribunal Hearing of £1000 per day (excluding VAT). Generally, we would allow 2-5 days depending on the complexity of your case.

 

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

Key stages

The fees set out above cover all of the work in relation to the following key stages of a claim:

  • Taking your initial instructions, reviewing the papers and advising you on merits and likely compensation (this is likely to be revisited throughout the matter and subject to change)
  • Entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached;
  • Preparing claim or response
  • Reviewing and advising on claim or response from other party
  • Exploring settlement and negotiating settlement throughout the process
  • preparing or considering a schedule of loss
  • Preparing for (and attending) a Preliminary Hearing
  • Exchanging documents with the other party and agreeing a bundle of documents
  • Taking witness statements, drafting statements and agreeing their content with witnesses
  • preparing bundle of documents
  • Reviewing and advising on the other party's witness statements
  • agreeing a list of issues, a chronology and/or cast list
  • Preparation and attendance at Final Hearing, including instructions to Counsel

The stages set out above are an indication and if some of stages above are not required, the fee will be reduced. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. This can also be arranged on your individual needs.

 

How long will my matter take?

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved. If a settlement is reached during pre-claim conciliation, your case is likely to take 8-12 weeks. If your claim proceeds to a Final Hearing, your case is likely to take 12-26 weeks. This is just an estimate and we will of course be able to give you a more accurate timescale once we have more information and as the matter progresses.

 

 

 

Estimated Administration and Probate costs

Applying for the grant, collecting and distributing the assets

We anticipate this will take between 10 and 20 hours work at £200 per hour plus VAT. Total costs estimated at £2000-4000 (+VAT) plus 1% of the total of cash assets and 0.5% of the value of any property.

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 5 bank or building society accounts
  • There are no other intangible assets
  • There are no more than 10 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Disbursements included in this fee:

  • Probate application fee of £156
  • £7 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2 plus VAT per beneficiary)
  • £200 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £200 Post in a Local Newspaper – This also helps to protect against unexpected claims.

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

Potential additional costs

  • If there is no will or the estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
  • If any additional copies of the grant are required, they will cost £0.50 (1 per asset usually).
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average, estates that fall within this range are dealt with within 6-12 months. Typically, obtaining the grant of probate takes 10- 15 weeks. Collecting assets then follows, which can take between 4- 8 weeks. Once this has been done, we can distribute the assets, which normally takes 4-6 weeks.