Conveyancing

Disbursements for Sale of Residential Property

In addition to our fees, the following disbursements are payable on the sale of a property:

Office copies and plan

Telegraphic transfer fee

£6

£30 plus Vat

Disbursements for Purchase of Residential Property

In addition to our fees, the following disbursements are payable on the purchase of a property:

Depending on the purchase price of the property, the following is also payable:

Search pack (includes Local Authority Search, Environmental Search and Drainage Search as charged£260 (usual cost)
Telegraphic Transfer FeeDependent on charge to us
Preparation of Stamp Duty Land Tax Form£30 plus VAT
Purchase Price of PropertyLand Registry Fee
£0 – £80,000£20
£80,001 – £100,000£40
£100,001 – £200,000£95
£200,001 – £500,000£135
£500,000 – £1,000,000£270
Above £1,000,001To be advised.

Stamp Duty Land Tax (SDLT) is payable on increasing portions of the property price above £125,000 for residential properties.

If you are buying your first home, you get a discount (relief) so that you do not pay any tax up to £300,000 and 5% on the portion from £300,001 – £500,000.  You are eligible if:

  • You complete your purchase on or after 22 November 2017
  • The purchase price is £500,000 or less
  • You, and anyone else you are buying with, are first time buyers

The SDLT for the purchase price of a lease (the ‘lease premium’).

Property or lease premium or transfer value 

Up to £125,000. SDLT rate – Zero

The next £125,000 (the portion from £125,001 to £250,000) SDLT rate – 2%

The next £675,000 (the portion from £250,001 to £925,000) SDLT rate – 5%

The next £575,000 (the portion from £925,001 to £1.5 million) SDLT rate – 10%

The remaining amount (the portion above £1.5 million) SDLT rate – 12%

Higher rates for additional properties

You’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.

Additional Disbursements for Leasehold Properties

On a retirement property Transfer fee or contingency fee payable to the Landlord

 

Approximately 1% of the purchase price

Cost of purchase/sale of property: Fee Vat Total
£0 £80,000 £600 £120 £720
£80,001 £100,000 £600 £120 £720
£100,001 £150,000 £620 £124 £744
£150,001 £200,000 £680 £136 £816
£200,001 £250,000 £700 £140 £840
£250,001 £300,000 £750 £150 £900
£300,001 £400,000 £800 £160 £960
£400,001 £500,000 £850 £170 £1,020
£500,001 £700,000 £950 £190 £1,140
£700,001 £900,000 £1,250 £250 £1,500
£900,001 £1,000,000 £1,600 £320 £1,920

Example

If you buy a house for £275,000, the SDLT you owe is calculated as follows:

0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £25,000 = £1,250
Total SDLT = £3,750

Qualifications

The legal work will be carried out by Anthony Wade or Denise Goulbourn and their legal assistants.

Anthony Wade is a solicitor and has been qualified for over 50 years.

Denise Goulbourn is a Senior Conveyancing Executive with over 35 years’ experience in dealing with residential property transactions

What work is included

The legal fees set out above include dealing with a purchase or sale of a property from taking initial instructions to completion of purchase or sale of property and dealing with any relevant bodies such as the Land Registry.

The following work is included:

Family law and divorce

Fixed fee divorce for Petitioner- the person who starts the divorce proceedings

Our service£399.00
VAT£79.80
Total charge for
our services
£478.80
Court fees£550.00

What’s included?

We will conduct your divorce from beginning to conclusion. This includes:

  • Drafting and lodging all court documents on your behalf
  • Preparing all correspondence with the court, your spouse or civil partner or their solicitors.  All correspondence is limited to the practicalities of processing the divorce petition to conclusion

What’s not included?

  • Advice about financial matters arising from your case
  • Advice about children matters arising from your case
  • Obtaining marriage certificate.  We can obtain this for you but there will be a separate charge and fee
  • Service of documents other than by first class post.  If service of the documents by way of process server, bailiff, substituted or deemed service is required, then there will be additional costs
  • Defended divorce.  This service is not suitable if your divorce is defended but details of the additional work can be provided

Should a financial agreement be required to end financial ties resulting from the marriage, details of costs can be provided.

Fixed fee divorce for Respondent – the person who responds to the divorce proceedings

Our service£200.00
VAT£40.00
Total charge for
our services
£240.80

What’s included?

We will conduct all necessary steps within the divorce from beginning to conclusion.  This includes:

  • Drafting Acknowledgement of Service and lodging all court documents on your behalf
  • Preparing all correspondence with the court, your spouse or civil partner or their solicitors.  All correspondence is limited to the practicalities of processing the divorce petition to conclusion

What’s not included?

  • Advice about financial matters arising from your case
  • Advice about children matters arising from your case
  • Defended divorce.  This service is not suitable if you choose to defend the divorce but details of the additional work can be provided

Should a financial agreement be required to end financial ties resulting from the marriage, details of costs can be provided.

Wills & Probate

Fees for Making a Will

The cost of making a will is between £100 – £400 plus vat depending on the complexity of the will.  This fee is dependent upon the amount of work involved, the more complex a will, the more work will be involved.  It is based upon the hourly rate of the person preparing the will. 

Our wills are prepared by Anthony Wade whose hourly rate is £200 plus vat per hour.  He has been qualified as a solicitor for over 50 years. 

Apart from our fee, there are no disbursements payable.

Our fees include the making of a will from start to finish.  This consists of:

  • taking initial instructions
  • drafting the will
  • submitting will for approval
  • amendments to will as necessary
  • attendance upon client to witness the signature of the will
  • providing up to 2 copies of the will
  • storage of the will

The timescale is likely to be between 2 – 6 weeks (depending on availability and the amount of amendments required).

Fees for Probate

The cost of dealing with the probate of an estate is between 1 – 1.5% of the value of the estate according to the complexity of the matter.  Our fees usually range from £450 plus vat – £10,000 plus vat.  It is based upon the hourly rate of the person dealing with the probate.

Our probate matters are dealt with by Anthony Wade whose hourly rate is £200 plus vat per hour.  He has been qualified as a solicitor for over 50 years.  He is assisted by Mrs Jo Roscoe who has over 30 years experience of probate matters.  Her charge our rate is £150 plus vat per hour. 

There are disbursement payable which include the following:

Probate fee currently £157
Swear fee £7 – £12 per executor
Our fees include dealing with the probate of an estate from start to finish.  This consists of:

  • Interview with the executor(s)/administrator(s)
  • Collection of all documents and evidence of assets
  • Writing to asset holders
  • Communication with client throughout
  • Preparation of Inland Revenue forms to account for the value of the estate
  • Calculation of Inheritance Tax liabilities
  • Agreeing Inheritance Tax liabilities with client
  • Dealing with payment of Inheritance Tax liability
  • Preparing application for Grant of Probate
  • Attending upon Administrator
  • Swearing of documentation
  • Lodging documentation at the Probate Registry
  • Receiving Grant of Probate
  • Obtaining payments of assets
  • Dividing payments according to the Will
  • Preparation of Distribution Account
  • Obtaining approval from executor(s)/administrator(s) of account
  • Distributing Estate Account according to the terms of the Will

The timescale of dealing with the probate of an estate is dependent upon timely responses to enquiries raised.  Our policy is to ensure, as far as possible, that we achieve a distribution of assets swiftly.  The average period of this is between 3 months – a year. 

Valid as at 6th December 2018

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