Professional Charges - Purchase
Our fixed legal fees for the work described above will be as follows:
|
Professional charges for the Purchase |
£995.00 |
|
Bank Telegraphic Transfer fee (each) |
£30.00 |
|
Land Transaction Return |
£50.00 |
|
Electronic Registration Fee |
£35.00 |
|
Postages, fax and telephone charges |
£25.00 |
|
VAT at 20% |
£ 227.00 |
|
Total |
£1362.00 |
Leasehold/Rentcharge Fee £100.00 plus VAT at 20% (if applicable)
Leasehold Flat/Rentcharge Fee £250.00 plus VAT at 20% (if applicable)
Flat/House Service Charge Fee £250.00 plus VAT at 20% (if applicable)
New Build Fee £100.00 plus VAT at 20% (if applicable)
Gifted Deposit Fee £100.00 plus VAT at 20% (if applicable)
Shared Ownership Fee £100.00 plus VAT at 20% (if applicable)
Unregistered Land Fee £100.00 plus VAT at 20% (if applicable)
Disbursements
We shall have to pay out disbursements on your behalf as follows:
|
Local Search, Drainage Search, Environmental Search, Search and Chancel Search |
£325.00 approximately |
|
Land Registry title search |
£3.00 per title |
|
Land Charges (Bankruptcy) Searches |
£ 2.00 per name |
|
AML Check |
£7.50 per name |
|
**Stamp Duty Land Tax |
£ see below |
|
HM Land Registration fee |
£ see table of fees below |
**Stamp Duty
We shall have to pay out disbursements on your behalf as follows:
|
Purchase Price |
Rate of Stamp Duty Land Tax on each band |
|
£0 - £250,000.00 |
0% |
|
£250,001.00 to £925,000.00 |
5% |
|
£925,001.00 to £1,500,000.00 |
10% |
|
over £1,500,001.00 |
12% |
|
HM Land Registration Fees |
Applying using Portal or Business Gateway for transfers or surrenders which affect the whole of a registered title |
Voluntary first registration fee |
|---|---|---|
|
£0 to £80,000 |
£20.00 |
£30.00 |
|
£80,001 to £100,000 |
£40.00 |
£60.00 |
|
£100,001 to £200,000 |
£100.00 |
£140.00 |
|
£200,001 to £500,000 |
£150.00 |
£200.00 |
|
£500,001 to £1,000,000 |
£295.00 |
£400.00 |
|
£1,000,001 and over |
£500.00 |
£680.00 |
Professional Charges - Sale
Our legal fees for the work described above will be as follows:
|
Professional charges for the sale |
£950.00 |
|
Bank Telegraphic Transfer fee (£30 each) |
£30.00 |
|
Postages |
£25.00 |
|
VAT at 20% |
£201.00 |
|
Total |
£1206.00 |
Leasehold House / Rentcharge Fee £100.00 plus VAT at 20% (if applicable)
Leasehold Flat / Rentcharge Fee £250.00 plus VAT at 20% (if applicable)
Flat / House Service Charge Fee £250.00 plus VAT at 20% (if applicable)
New Build Fee £100.00 plus VAT at 20% (if applicable)
Unregistered Land Fee £100.00 plus VAT at 20% (if applicable)
Shared Ownership Fee £100.00 plus VAT at 20% (if applicable)
The length of time a sale and purchase can take varies, depending on numerous factors. On average, depending on the length of the chain, mortgage applications, searches etc it may take between 12 to 16 weeks
Disbursements
We shall have to pay out disbursements on your behalf as follows:
|
Office Copy Entries (approx) |
£12.00 |
|
AML Search |
£7.50 per name |
Probate Fees
We believe that it is important that you know at the outset of your matter the extent of the likely costs. We will explain to you the costs the you are likely to incur at the commencement of your matter. It may be that a precise figure cannot be given; in that situation we will provide you with an estimate of the changes and we will keep you updated as the case progresses.
The costs of handling the administration of an estate can vary depending upon how complex a matter is and the extent of the assets and liabilities. Mostly this work is carried out based on an hourly rate but some cases may be eligible to be carried out on a fixed fee. Our hourly is £200+ VAT at 20% for very experienced Solicitor.
We have provided some examples below of the cost of dealing with different types of estate. Please note that the below examples relate to our charges only and do not include disbursements. At present the Court fee for applying for a Grant of Probate is £155, plus £1.50 for additional copies of the Grant.
Dealing with an estate where there is a Will, only one bank account and no more than more property, and the estate is below £325,000; this is likely to be eligible for a fixed fee of £950+ VAT at 20%
Dealing with an estate which exceeds £325,000, or where are more than three assets with different providers, but a long form inheritance return is not required; this is likely to cost between £2,000-£5,000+ VAT at 20%
Dealing with an estate which exceeds £325,000, where a long form inheritance return is required and there are more than three assets with different providers; this is likely to cost between £5,000-£10,000+ VAT at 20%, depending on the number of assets and the complexities of the inheritance tax return.
Dealing with an estate without a Will; where someone dies without a Will the same processes in relation to the collection of their assets will apply, however there are usually some additional costs in carrying out checks to ensure there has been no Will previously made and in taking steps to identify the correct person to deal with the estate. The same basis of charge as explained about will apply but we estimate additional charges may be between £1,000-£3,000+ VAT at 20% and disbursements, however we can give you a more accurate quote once we know more about the circumstances of your matter.
Vikki Jones is a solicitor who qualified in 1992 and who has had a practice in Marple for 30 years. She began as a trainee and became sole principal of the firm in 2007.
