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  • Sale of a house
  • Purchase of a house
  • Sale and purchase of an apartment
  • Probate

SALE OF A HOUSE

Fees and disbursements in connection with an average sale

 

    • Legal fees from £550.00
    • VAT payable from £110.00
    • Electronic money transfer fee – £30.00
    • Land Registry fees – £3.60 – £18.00

 

Estimated total cost for sale of a house for a price up to £200,000.00 = £693.60

 

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.  If your property is leasehold, there may be additional fees payable to the ground rent collector for information required by your buyer’s solicitors.  These vary, but typically £30.00 for confirmation that the ground rent is paid up to date.

 

How long will it take?

This can vary depending on the circumstances.  In particular, the willingness and ability of your buyer.  A typical transaction would complete in approximately 8 weeks, although it can take place sooner, or sometimes longer.

 

What is included?

Our fees include carrying out all necessary legal work to effect the sale of your property once a buyer has been found and has instructed their own conveyancers and includes taking instructions, preparation of the contract and supporting documentation, dealing with enquiries on behalf of the buyer, exchanging contracts, dealing with completion enquiries and approving the Transfer deed, completing the sale and redeeming any mortgage.

Our fees presume that the transaction is of usual nature and proceeds in a normal manner.  Any additional work or complications can give rise to additional charges. The fees do not include acting on any abortive transaction, which is charged proportionately, dependent on the amount of work done.

 

Who will deal with the matter?

Your transaction will be dealt with by the principal of the practice, who is a solicitor with many years’ experience.

PURCHASE OF A HOUSE

Fees and disbursements in connection with an average purchase

 

    • Legal fees from £550.00
    • VAT payable from £110.00
    • Local search pack – £129.00
    • Coal search (if needed) – £48.77
    • Land Registry search (inc VAT) – £3.60
    • Bankruptcy search (inc VAT) – £4.80
    • Land Registry – registration fees – £95.00

 

Estimated total fees and disbursements not including Stamp Duty Land Tax on the purchase of a freehold property priced at £200,000.00 = £941.17

 

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees.

 

If the property you are buying is leasehold, then further sums may be payable to the ground rent collector on giving notice of your purchase and any mortgage.  The amounts charged by various ground rent collectors vary but are typically £60.00-£90.00 per notice.

 

On a purchase of a house at a price of £200,000.00, the Stamp Duty Land Tax would be £1,500.00.  The amount of Stamp Duty Land Tax payable varies dependent on circumstances and on the price being paid.  The Government publish detailed information regarding this on its own website.  The Stamp Duty Land Tax figure mentioned presumes that you are buying as an individual or individuals and not as a company, that you are not a first-time buyer and that you will not own any other residential property on completion of the transaction.

 

How long will it take?

 

This can vary depending on the circumstances, for example, whether or not you have a dependent sale and if your transaction is in a chain of sales and purchases.  A typical transaction would complete in approximately 8 weeks, although it can take less time than this, and sometimes longer.

 

What is included?

 

All the legal work on the purchase of your property, including checking the contract and supporting documentation and ensuring that the property has a good title, raising all necessary enquiries of the seller’s conveyancer and checking replies, carrying out and checking the results of all appropriate searches, advising you on the title and the outcome of the searches and enquiries, effecting the exchange of contracts, preparing the transfer documentation, completing the purchase, submitting SDLT return and registering your title to the property at the Land Registry.

We do not make a separate or additional charge for preparing and submitting the Stamp Duty Land Tax return.

The above does not include an abortive transaction.

 

Who will deal with the matter?

 

Your transaction will be dealt with by the principal of the practice, who is a solicitor with many years’ experience.

SALE OR PURCHASE OF AN APARTMENT

Fees in connection with an average sale/purchase of an apartment

 

        • legal fees from – £750
        • vat payable from – £150
        • electronic money transfer – £30

       

      Disbursements on a sale

       

        •  Land registry – copy documents/lease from approximately – £15.00

       

      Total estimated fees and disbursements on the sale of an apartment priced at £200,000.00 = £945.00

       

      In addition to the usual disbursements, on the sale of an apartment it is usually necessary to obtain a “sales information pack” from the lessor and/or management company.  The costs vary but range from approximately £150.00-£400.00.

       

      Disbursements of a purchase

       

      • Local search pack – £129.00
      • Coal search (if necessary) – £48.77
      • Land Registry/bankruptcy fee – £8.40
      • Land Registry registration fee – £95.00

        Total estimated fees and disbursements on the purchase of an apartment priced at £200,000.00 (not including Stamp Duty Land Tax) = £1,211.17

         

        On a purchase of a house at a price of £200,000.00, the Stamp Duty Land Tax would be £1,500.00.  The amount of Stamp Duty Land Tax payable varies dependent on circumstances and on the price being paid.  The Government publish detailed information regarding this on its own website.  The Stamp Duty Land Tax figure mentioned presumes that you are buying as an individual or individuals and not as a company, that you are not a first-time buyer and that you will not own any other residential property on completion of the transaction

         

        On completion of the purchase of an apartment, it will normally be required that notice of the transfer of the property to you and any mortgage is given to the lessor and/or management company.  The lessor/management company will usually charge a fee for registering and receipting the notice(s).  Typically, the fees charged range from approximately £135.00-£250.00 per notice.

         

        Sometimes, on a purchase of an apartment, it will be necessary for you as buyer to enter into a Deed of Covenant with the lessor and/or management company.  Again, there are usually fees payable to the lessor/management company in relation to the Deed of Covenant, varying, but typically £150.00.

         

        How long will it take?

         

        This can vary depending on the circumstances, for example, whether or not you have a dependent sale and if your transaction is in a chain of sales and purchases.  A typical transaction would complete in approximately 8 weeks, although it can take less time than this, and sometimes longer.

         

        What is included?

         

        All legal work on the sale or purchase of an apartment, including dealing with the lessor/management company’s requirements.

        We do not make a separate or additional charge for preparing and submitting the Stamp Duty Land Tax return.

        The above does not include an abortive transaction.

         

        Who will deal with the matter?

         

        Your transaction will be dealt with by the Principal of the practice, who is a solicitor with many years’ experience.

PROBATE

We offer various levels of service on probate matters, at varying prices, briefly summarised as follows:-

 

(a) Grant only – no inheritance tax

For a straightforward application for a Grant of Probate, or Letters of Administration, we offer fixed fees of £895.00 plus VAT. In addition, you will be responsible for payment of disbursements including the Probate application fee, which is currently £155.00. On a typical application, this would give rise to total costs, including VAT and disbursements of £1,235.00 (which will include the fees for four official copies of the Grant). This only covers the work involved in making application for the Grant of Representation and does not include any work that involves administering the estate, and we will rely upon you to provide all the necessary information, such as balances of bank accounts, etc.

 

(b) Grant only – no inheritance tax – with application for transfer of unused nil-rate allowance

As (a) above with an additional charge of £150.00 plus VAT.

 

(c) Application for Grant of Representation – no tax – but full inheritance tax account required

There are circumstances when no inheritance tax is payable but where it is nevertheless necessary to submit a full inheritance tax return in order to obtain a Grant of Representation. In these circumstances, dependent upon the amount of work involved, we can typically offer a fixed fee of £2,750.00 plus VAT, together with disbursements (including the Probate application fee, currently £155.00). This would typically give rise to costs of £3,461.00, which includes our fees with VAT and Probate fees. Again, this only covers the work involved in making an application for a Grant of Representation and does not cover any work in relation to the administration of the estate.

 

(d) Estate Administration

Where we are instructed to deal with the administration of an estate, our fees depend upon the amount of work that is actually done and are calculated on an hourly rate of £200.00 with an additional charge being made relating to the value of the estate, typically 1% (this percentage is higher where we have been appointed in the Will to act as Executor). Final costs will vary widely dependent upon the nature of the matter, but for an average estate, these are typically between £6,000.00-£12,000.00.

 

How long will it take?

 

This can vary depending on the circumstances. For example, a straightforward application for a Grant of Probate can be completed in approximately 6-8 weeks. The time taken when dealing with the administration of an estate can vary dependent upon what is involved and would normally be completed within 12 months, but the period can be shorter or longer, depending on circumstances.

 

Who will deal with the matter?

 

The matter will be dealt with by the principal of the practice, who is a solicitor with many years’ experience.