(+20% VAT of £79.80 – £1,000)
Amount of average referral fee paid £150.
Please note this is our average referral fee. This fee will vary depending on the source of the instruction.
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.
Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:
Please contact us for a quote tailored to your particular transaction.
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.
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 8-12 weeks.
It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. 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 12 to 18 weeks. In such a situation additional charges would apply.
The precise stages involved in the purchase of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard purchase.
(+20% VAT of £79.80 – £1,000)
Amount of average referral fee paid £150.
Please note this is our average referral fee. This fee will vary depending on the source of the instruction.
Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). We handle the payment of the disbursements on your behalf to ensure a smoother process.
Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:
Please contact us for a quote tailored to your particular transaction.
The length of time between instructing us (once receiving an offer on your property) to moving out of your property will depend on a number of factors. The average process takes 12-14 weeks.
It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. For example, if you are selling a property that is leasehold, we will need to apply for the management pack; this can take significantly longer depending on the timeframes of the individual management company. Another example would be if you are selling a property with structural issues such as subsidence, this can take significantly longer than 6-10 weeks and in such a situation, additional charges would apply.
The precise stages involved in the sale of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard sale.
(+20% VAT of £70 – £300)
Amount of average referral fee paid £150.
Please note this is our average referral fee. This fee will vary depending on the source of the instruction.
Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.
Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:
Please contact us for a quote tailored to your particular transaction.
The length of time between instructing us to successfully completing the remortgage process and your new lender details being submitted to the Land Registry, will depend on a number of factors. The average process takes between 4-6 weeks, however if your property is a leasehold it may take longer as we may need to liaise with your Landlord or Management Company.
It can be quicker or slower, depending on the nature of your individual circumstances, the timeliness of each party’s responses and returning of documents. For example, if you are remortgaging a property with a second equity redemption charge, this can increase the timeframes when corresponding with the relevant Help To Buy authority, who will have their own timeframes, to remove the charge.
The precise stages involved in the remortgage of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard remortgage.
Within our team we have extensive experience of delivering a high quality service in all matters relating to Wills, Estate Planning and Estate administration. The team has particular expertise in high value estates and in inheritance tax matters. One member of our team will conduct most of the work on your matter, but we will involve other members where appropriate and in order that work is carried out at the right level.
We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.
If you are the executor or administrator of an estate you might want to consider legal representation but are wondering about the fees and costs. Here we give you an overview of the services included and their respective costs. If you have any further questions contact us.
| Obtaining a grant of representation in England and Wales | Our Price | VAT (20%) |
|---|---|---|
|
Obtaining a Grant (IHT205)
|
£950 - £3000 |
£190 - £600
|
|
Obtaining a Grant (IHT400)
|
£2500 - £6000
|
£500 - £1,200 |
VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT.
Our fees for the administration of an estate range between 1% to 4% of the gross value of the estate depending on the complexity of your case and your location. You would be informed of any increase to our estimated fees prior to us carrying out any further work.
1-4% of Gross Estate (minimum fee £2500)
plus hourly rate of £160 – £325 (+20% VAT of £32 – £65)
It is difficult to give an accurate estimate of costs as this does depend on the complexity of the estate which in turn varies depending on the size of the estate, the type of assets held, the number and type of beneficiary etc. The costs can range anywhere between £2,500 – £15,000 (+20% VAT of £500 – £3,000) for a complex case. It can take 3 – 6 months to receive a grant of probate for a standard matter and then a further 6 – 12 months to conclude matters. More complex cases can take between 18 – 24 months to conclude. We will give a full estimate of costs and likely timescales at the start of the matter.
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.
Disbursements:
As a basic starting point, as solicitors, we charge for our time. That is published as an hourly rate, but actually accrues, or builds up, in units of 6 minutes (known as “a unit”). The reason for this is that it is easier to monitor costs building up in hours that are divisible by 10. (10 x 6-minute units are 60 minutes). In this way, you can monitor your own time accrual according to the hourly rate of the solicitor that is working for you.
Here is an example:
The solicitor’s hourly rate is £200 per hour, so every unit cost £20.
If the solicitor spends 6 minutes on work for you, this will be transferred to a bill of £20.
If the solicitor spends 12 minutes (that’s 2 units), then it turns into a bill for £40 and so on.
The smallest unit of time that is on sale within this practice is 6 minutes. Therefore, if you engage in a 2-minute conversation, that will be recorded as one 6-minute unit. The same applies if you spend 3, 4 or 5 minutes on that call. If you spend 7 minutes, then it counts as two units.
VAT is applicable to all charges at whatever rate the government sets it at. Currently that is 20%. Therefore, if you are a consumer (not VAT registered and able to claim back the tax), then you should include the extra 20% in your calculations. Using the example above, the hourly rate INCLUDING VAT becomes £240 per hour, not £200 per hour. VAT is chargeable on all our services without exception.
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London Bridge
Southwark, London SE1 1XF
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