Price Transparency

Purchase of a freehold residential property

 

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

 

Conveyancer’s fees and disbursements

 

You can view our fee scale here.

We do not pay referral fees.

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.

 

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 house purchase take?

 

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 4 – 16 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 5 months. In such a situation additional charges would apply.

 

Stages of the process

 

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree 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

 

Purchase of a leasehold residential property

 

Our fees cover all the work required to complete the purchase/sale of your home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales.

 

Conveyancer’s fees and disbursements

 

  • You can view our fee scale here.

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller’s solicitors.

Anticipated Disbursements

 

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 and £200.
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50 and £200.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £50 and £200.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £50 and £200.

*These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.

Stamp Duty Land Tax

 

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.

 

Stages of the process

 

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer
  • Send final contract to you for signature
  • Draft Transfer
  • Advise you on joint ownership
  • Obtain pre-completion searches
  • Agree 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
How long will my house purchase take?

 

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between X-X weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take X weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between X and X months. In such, a situation additional charges would apply.

* 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. 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.

 

Sale of a leasehold/freehold residential property

 

Conveyancer’s fees and disbursements

 

  • You can view our fee scale here.

 

Probate Fees

Our specialist Probate solicitors can advise on all manner of questions that may arise when dealing with a person’s estate following their death.

Whatever the size of the estate, whatever type of assets form part of the estate and whether the deceased died intestate or has a Will or Trusts that need to be administered, our experienced Probate solicitors can help you.

We can advise on dealings with HM Revenue & Customs with regard to the calculation of the amount of inheritance tax that is to be paid.

Our services include:

  • Applying for Grants of Probate/Administration including preparation of IHT forms for  HM Revenue and Customs
  • Establishing who is entitled as beneficiary or beneficiaries of the estate
  • Identifying and administering the assets of the estate until they can be sold or distributed to the beneficiaries
  • Preparing and filing the necessary IHT tax forms with HM Revenue & Customs and obtaining accountancy assistance, if required.
  • Where required assisting with regard general administration  of an estate and where required post death planning such as through a Deeds of Variation
  • Dealing with any outstanding debts or liabilities of the estate
  • Preparation of estate accounts to ensure transparency and clarity for all involved and distributing the estate to the beneficiaries
  • Contentious Probate – dealing with any Wil/Probate disputes that may arise

 

Timescale:

 

Whilst all estates are individual as to their actual requirements, generally where there is a simple estate and a valid Will can take between three to six months to complete.  It is not unusual of cases to take between six to nine months where additional information is required before an application can be made for the Grant of Probate/Administration.  Complex cases where there maybe inheritance tax payable and IHT 400 forms to complete can take between nine months to eighteen months to conclude sometimes longer depending on how long it takes to sell assets such as shares and property.  In cases where there is no Will these timescales are likely to increase.

 

Probate costs

 

Our charges are clear and transparent.  We do not charge any “added value” element or percentage of the estate, so you only pay for the work that you need from our solicitors.  Where the family or executors can deal with much of the work themselves, we can assist them to obtain the Grant of Probate/Administration only if that is what they want.

 

Obtaining the Grant only

 

Where there is a simple estate the simplest and most cost-effective way for our clients is for us to apply for a Grant of Probate/Administration for them.  Our specialist Probate Solicitors will draft a Grant of Probate (or Grant of Letters of Administration) using information provided by the family only. The family will thereafter be responsible for dealing with the estate once the Grant has been received.

  • Where a simplified estate form (IHT205) is submitted – estimated at £750 plus VAT* and disbursements (i.e. payments to third parties)
  • Where a full estate form (IHT400) is submitted – estimated at between £1,500 -£2,000 plus VAT*(i.e. payments to third parties)

As all estates are individual the above should be taken as a general guide only.

 

Full estate administration and distribution

 

Our full estate administration service will provide you with help and assistance throughout the including:

  • Providing initial advice
  • Gathering the necessary evidence needed for the Probate application
  • Applying for the Grant of Representation
  • Collecting in the estate assets in
  • Dealing with HM Revenue and Customs
  • Paying tax, liabilities and legacies out
  • Preparation of full estate accounts and assisting with tax returns including instructing accountants
  • Distributing the residue of the estate to the beneficiaries including charities

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, the fees for full estate administration will typically start from £2,500 – £3,000 plus VAT* and disbursements (payments to third parties) for a straightforward estate whilst fees for more complex estates can exceed £10,000 plus VAT* and disbursements (payments to third parties). As each matter is individual as to their actual requirements these estimates are a general guide only

Costs can be reduced considerably if family members are prepared to help with the non-legal tasks such as arranging the funeral, meeting with estate agents, house insurance and clearance and informing utility companies and the Council of the change.

The above is an estimate only.  Before undertaking any work, we will meet with you to review the Will and discuss the estate.  No two estates are the same so bespoke advice and assistance is required and can only be ascertained at the first meeting.  We will then give you a fee estimate at this meeting.

*Probate Court fees of £155 per application are charged in addition to VAT and solicitors charges.  Please note the government are reviewing these fees currently and they are therefore subject to change. Extra copies of the Grant of Probate/Administration can be purchased for 50p each.

Additional costs such as bankruptcy searches, Trustee Act notice charges, swear fee are all chargeable in addition to the above.

Costs of selling or transferring property are payable in addition to our fees.  Our solicitors hourly rate range is between £220 to £250 per hour plus vat.