Costings
CONVEYANCING
Sale Legal Fees
| Property Band | Legal Fee | Legal Fee (inc. VAT) |
|---|---|---|
| £0 - £100,000 | £500.00 | £600.00 |
| £100,001 - £150,000 | £525.00 | £630.00 |
| £150,001 - £250,000 | £550.00 | £660.00 |
| £250,001 - £350,000 | £600.00 | £720.00 |
| £350,001 - £500,000 | £700.00 | £840.00 |
| £500,001 - £750,000 | £750.00 | £900.00 |
| £750,001 - £1,000,000 | £800.00 | £960.00 |
| £1,000,001 - £98,999,999 | £900.00 | £1,080.00 |
SALE ADDITIONAL FEES
| Professional Charges | Total | Total (inc. VAT) |
|---|---|---|
| TT Fees to Repay Mortgage | £35.00 | £42.00 |
| Deed of Trust | £150.00 | £180.00 |
| Help to Buy ISA | £50.00 | £60.00 |
| Help to Buy | £200.00 | £240.00 |
| ID Check (Per Person) | £8.33 | £10.00 |
| Archive Fee | £12.50 | £15.00 |
| Gifted Deposit | £195.00 | £234.00 |
| Disbursements | Total | Total (inc. VAT) |
|---|---|---|
| Office Copy Entries | £6.00 | N/A |
PURCHASE FEES
| Property Band | Legal Fee | Legal Fee (inc. VAT) |
|---|---|---|
| £0 - £100,000 | £500.00 | £600.00 |
| £100,001 - £150,000 | £550.00 | £660.00 |
| £150,001 - £250,000 | £600.00 | £720.00 |
| £250,001 - £350,000 | £650.00 | £780.00 |
| £350,001 - £500,000 | £750.00 | £900.00 |
| £500,001 - £750,000 | £800.00 | £960.00 |
| £750,001 - £1,000,000 | £900.00 | £1,080.00 |
| £1,000,001 - £99,000,000 | £1,100.00 | £1,320.00 |
PURCHASE ADDITIONAL FEES
| Professional Charges | Total | Total (inc. VAT) |
|---|---|---|
| TT Fee to Send Funds to Vendor's Solicitor | £35.00 | £42.00 |
| Stamp Duty Land Tax Return | £60.00 | £72.00 |
| Deed of Trust | £150.00 | £180.00 |
| Help to Buy | £200.00 | £240.00 |
| Archive Fee | £12.50 | £15.00 |
| ID Check (Per Person) | £8.33 | £10.00 |
| Gifted Deposit | £195.00 | £234.00 |
| Help to Buy ISA | £50.00 | £60.00 |
| Disbursements | Total | Total (inc. VAT) |
|---|---|---|
| Bankruptcy Search | £4.00 | N/A |
| Land Registry Search | £6.00 | N/A |
| Search Pack | £180.19 | N/A |
REMORTGAGE LEGAL FEES
| Property Band | Legal Fee | Legal Fee (inc. VAT) |
|---|---|---|
| £0 - £10,000,000 | £400.00 | £480.00 |
REMORTGAGE ADDITIONAL FEES
| Professional Charges | Total | Total (inc. VAT) |
|---|---|---|
| Telegraphic Transfer Fees (Per Transfer) | £45.00 | £54.00 |
| Stamp Duty Land Tax Return | £60.00 | £72.00 |
| ID Search | £10.00 | £12.00 |
| Gifted Deposit | £195.00 | £234.00 |
| Help to Buy ISA | £50.00 | £60.00 |
| Archiving Fee | £15.00 | £18.00 |
| Disbursements | Total | Total (inc. VAT) |
|---|---|---|
| Office Copy Entries | £8.00 | N/A |
| Searches | £180.00 | N/A |
TRANSFER OF EQUITY LEGAL FEES
| Property Band | Legal Fee | Legal Fee (inc. VAT) |
|---|---|---|
| £0 - £10,000,000 | £400.00 | £480.00 |
TRANSFER OF EQUITY ADDITIONAL FEES
| Professional Charges | Total | Total (inc. VAT) |
|---|---|---|
| Telegraphic Transfer Fee (Per Transfer) | £45.00 | £54.00 |
| Stamp Duty Land Tax Return | £60.00 | £72.00 |
| Gifted Deposit | £195.00 | £234.00 |
| Help to Buy ISA | £50.00 | £60.00 |
| Remortgage Supplement | £150.00 | £180.00 |
| Archiving Fee | £15.00 | N/A |
| ID Search | £10.00 | N/A |
| Disbursements | Total | Total (inc. VAT) |
|---|---|---|
| Office Copy Entries | £8.00 | N/A |
| Final Searches | £8.00 | N/A |
PROBATE
FULL ADMINISTRATION OF AN ESTATE (NON-CHARGEABLE ESTATE)
We anticipate this will take between 3 and 7 hours work at £300.00 per hour. Total costs estimated at £900.00 – £2100.00 (+VAT).
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 no more than 4 bank or building society accounts
- There are no other intangible assets
- There are no more than 4 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 amde against the estate
Disbursements included in this fee:
- Probate application fee of £155.00
- £30.00 Swearing of the oath (per executor)
- Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
- £178.82 Post in the London Gazette and Local Newspaper - Protects against unexpected claims from unknown creditors.
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.
Potenital 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 £0.50p (1 per asset usually).
- Dealing with the sale or transfer of any property in the estate is not included.
- If the estate is chargeable for inheritance tax then there will be additional costs.
- If the estate exceeds the nil rate band but exemptions can be applied such as transferring unused nil rate band or making use of the residence nil rate band etc. there will additional costs.
How long will this take?
On average, estates that fall within this range are dealt with within 6-9 months. Typically, obtaining the grant of probate takes 8-12 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 4-12 weeks.
In the administration of estate and in matters involving a substantial financial value or benefit to a client a charge reflecting the size of the estate or the value of the financial benefit to the client or beneficiary may be considered. The value element reflects the importance of the transaction and the consequent responsibility falling upon the firm. In calculating the value element we take into account the guidelines laid down by the Law Society and where a solicitor is appointed as the sole Executor or as a joint Executor of the Will, the value element is as follows:-
- 0.75% of the value of the property where the deceased owned it in the deceased's sole name;
- or 0.75% of the value of the share in the property owned by the deceased if the same was own jointly with another person;
- 1.5% of the value of the rest of the Estate.
On average, estates that fall within this range are dealt with within 9-18 months. Typically, obtaining the grant of probate takes 12-20 weeks. Collecting assets then follows, which can take between 8-16 weeks. Once this has been done, we can distribute the assets, which normally takes 8-12 weeks.
GRANT APPLICATION ONLY (NON-CHARGEABLE ESTATE)
We can help you through this difficuilt process by obtaining the Grant of Probate on your behalf.
How much does this service cost?
TOTAL: fixed fee of £750.00 plus VAT
This includes: obtaining the grant of probate and providing you with the grant.
Breakdown of costs:
Legal fees £750.00
VAT on legal fees £150.00
Disubrsements:
- Provide you with a dedicated and experienced probate solicitor to work on your matter
- Identify the legally appointed executors or administrators and beneficiaries
- Accurately identify the type of Probate application you will require
- Obtain the relevant documents required to make the application
- Complete the Probate Application and the relevant HMRC forms
- Draft a legal oath for you to swear
- Make the application to the Probate Court on your behalf
- Obtain the Probate and securely send copies to you
On average, estates that fall within this range are dealt with within 2-3 months. Typically, obtaining the grant of probate takes 6-12 weeks.
Potential additional costs
- If any additional copies of the grant are required, they will cost £0.50p (1 per asset usually).
- Dealing with the sale or transfer of any property in the estate is not included.
- If the estate is chargeable for inheritance tax then there will be additional costs.
- If the estate exceeds the nil rate band but exemptions can be applied such as transferring unused nil rate band or making use of the residence nil rate band etc. there will additional costs.
