| Standard Legal Fees for a sale and purchase:
Sale
|
Purchase |
||||||
| Price Band | Legal Fee + VAT | Price Band | Legal Fee + VAT | ||||
| £0.00 | £100,000.00 | £373.75 | £0.00 | £100,000.00 | £370.00 | ||
| £100,001.00 | £200,000.00 | £373.75 | £100,001.00 | £200,000.00 | £370.00 | ||
| £200,001.00 | £300,000.00 | £402.50
|
£200,001.00 | £300,000.00 | £375.00 | ||
| £300,001.00 | £400,000.00 | £431.25
|
£300,001.00 | £400,000.00 | £395.00 | ||
| £400,001.00 | £500,000.00 | £460.00
|
£400,001.00 | £500,000.00 | £410.00 | ||
| £500,001.00 | £600,000.00 | £488.75
|
£500,001.00 | £600,000.00 | £425.00 | ||
| £600,001.00 | £700,000.00 | £517.50
|
£600,001.00 | £700,000.00 | £450.00 | ||
| £700,001.00 | £800,000.00 | £546.25
|
£700,001.00 | £800,000.00 | £475.00 | ||
| £800,001.00 | £900,000.00 | £575.00
|
£800,001.00 | £900,000.00 | £500.00 | ||
| £900,001.00 | £1,000,000.00 | £603.75
|
£900,001.00 | £1,000,000.00 | £525.00 | ||
| £1,000,001.00 | £2,000,000.00 | £667.00
|
£1,000,001.00 | £2,000,000.00 | £550.00 | ||
| £2,000,001.00 | £3,000,000.00 | £891.25
|
£2,000,001.00 | £5,000,000.00 | £700.00 | ||
| £5,000,001.00 | + | £1,150.00
|
£5,000,001.00 | + | £895.00 | ||
LEGAL SERVICES
Please see the below list of our charges for Legal Services outside of the normal scope of your Conveyancing transaction that may be applicable. All charges are exclusive of VAT.
| Service | Description | Cost |
| Acting for a lender on a company purchase | When a property is being purchased by a Company this service covers the work done to protect the lender’s interest | £400
|
| Acting for a Lender on a Sale | Where there is a mortgage on the property there will be a charge for dealing with the Lender’s requirements in discharging the mortgage and complying with the Lender’s requirements to remove the charge from the property. *unless this has been quoted differently this fee will be applied | £75.00 |
| Acting for a Lender on a Purchase | Where a mortgage is being arranged to finance the purchase of a property there will be additional work involved in acting for the lender, protecting their interest, reporting to them on the property, requesting the drawdown of funds from them and finally registering their charge against the property *unless this has been quoted differently this fee will be applied | £150.00 |
| Acting for more than one lender (fee per lender) – Sale | On a Sale transaction if there is more than one lender registered, this fee covers acting for each additional lender | £150
|
| Acting for more than one lender (fee per lender) – Purchase | On a Purchase transaction where there is more than one lender, this fee covers acting for each additional lender | £190
|
| Acting on a matter that becomes abortive | Where a matter becomes abortive, we will make a charge for the work done which is calculated based on the amount of work done including communication as well as legal work | Variable |
| Acting on Shared Ownership Property
|
Where a property is being purchased as part of a Shared Ownership Scheme, this fee is charged to cover the additional work required to be done | £125 |
| Acting on Staircasing of Shared Ownership Property | This fee includes signing the Final Signing Memo and registering this with the Housing Association and obtaining the Final Staircasing Memo sign by the Housing Association | £280
|
| Acting on Unregistered Properties | There is considerable additional work required to be carried out when a title to a property is not registered as we have to go through many years’ worth of documents and then it is compulsory that the title is registered after completion | £250
|
| Arranging an Indemnity Policy | This is sometimes required where a FENSA Certificate or other similar document has been lost and the Policy is required to protect the Buyer | £60
|
| Certificate of Compliance | If the Title to the property contains a Restriction whereby the Management Company must confirm, by way of a Certificate of Compliance, that the terms of the assignment provisions have been complied with | £185
|
| Cheque issued to Third Parties (e.g. estate agents) | Arranging payments to third parties, for example, the payment of the estate agents’ commission for example or any other monies due to be paid on completion of the sale of the Property. | £75
|
| Cheque returned unpaid/stopped at customer request | If we issue a cheque and for some reason the client requires us to stop the cheque and reissue it with different details. | £40
|
| Dealing with Deed of Surrender | A Deed of Surrender would be required if you owned a leasehold property and part of the property is to be surrendered to the Landlord, for example, maybe a garage. | £200
|
| Dealing with Help to Buy | This is a Government Scheme to help people with buying property and which becomes a second charge on the property. This requires considerable additional work and documents to be completed. | £175
|
| Dealing with a Help to Buy Retention | Post completion work that requires administration | £175 |
| Dealing with Help to Buy ISA | Similar scheme to Help to Buy where people purchase by means of an ISA. | £50
|
| Dealing with a Lifetime ISA | Similar scheme to Help to Buy where people purchase by means of an ISA. | £100 |
| Dealing with Housing Association | This may be a situation whereby there is an issue with a Housing Association in providing information regarding payments of service charges and rent. | £300
|
| Dealing with additional titles | If there is more than one title, for instance, where the property is in one title, the garage may be in another or the garden is in another. | £260
|
| Dealing with Solicitors instructed by you on a related transaction | Dealing with Solicitors instructed by you on a related transaction | £150 |
| Dealing with Right to Buy Fee | The Right to Buy Scheme is a government run scheme to help people who have been paying rent for a long time to buy their property at a reduced rate. | £150
|
| Dealing with Formal Legal Undertakings | Dealing with Formal Legal Undertakings | £100 |
| Dealing with Solar Panels | A situation where a lease/sale or owned outright has been entered into with a Solar Energy Company which must be assigned to the purchasers on completion. | £200 – £300
|
| Dealing with Third Party Lawyers (e.g. matrimonial dispute) | Where we need to deal with a third party set of lawyers, for example, this would apply where a divorce has taken place and the property is still registered in two names. | £200
|
| Deed of Appointment of New Trustee | A situation where the property is held in joint names, but one person has died and a New Trustee needs to be appointed as two trustees are required to convey the property in this situation. | £200
|
| Deed of Covenant (drafting, engrossing and registering deed) | A covenant is a promise not to do or to do something in leasehold titles, it is usually a requirement that you will comply with the negative and positive covenants contained in the Lease and the Landlord requires the new tenant to covenant directly with him/them. | £200
|
| Deed of Gift | Where a parent or friend offers a cash sum to someone to assist them buying a property. This Deed is required by Lenders and Mortgage Companies. | £130
|
| Deed of Variation of a Lease | Where a variation to the Lease is required, for example, it may be the term that is to be extended, then the original Lease would need to be varied. | Variable dependant on the amount of work involved
|
| Drafting additional contract packages for sale contract race each | Where the Seller wants to send out more than one contract to a second or third potential buyer. | £200
|
| Fee for handling contract race | As a considerable amount of additional work is required to set up a contract race this is the fee for each contract issued. | £150
|
| Fee for verifying the client’s source of funds
|
We are required to ensure the source of funds for any money sent to us over £1,000.00 to ensure compliance with Anti Money Laundering Laws | £75 |
| File retrieval after completion (from archive storage) | If you require us to recover your file from our archives this is the fee we would charge for doing that. | £65
|
| Fraud Restriction | This is a service we offer purchasers to register a restriction on your new property to help prevent fraudsters from attempting to sell your property by adopting your identity. | £80
|
| Key Undertaking | If, between exchange and completion, the Buyer wants access to the Property for repairs, the Seller may be persuaded to agree if a Key Undertaking is signed to protect the Property. | £80
|
| Leasehold Transactions | Where a matter turns out to be leasehold there is an amount of additional work involved to comply with the terms of the lease and correspond with the Landlord and/or Managing Agents as well. | £80(sale)
£100(purchase) |
| License to Assign | Sometimes in a Lease the written consent of the Landlord will be required if the existing owner wants to sell to someone else. This is the Landlords consent. | £225
|
| Lawyer Check Disbursement
|
This fee would be incurred in conjunction with the Fraud Prevention Investigation to ensure that the seller’s solicitors bank details are correct. | £12 |
| Lock Out Agreement | Where you are selling a popular property and the Buyer issues a Lock Out Agreement that prevents the Vendor from selling to someone else. | £225
|
| Member of a Management Company (Share Certificate) | If there is a Management Company mentioned in the Lease, it may be a requirement that the Seller was issued with a share in the Company which, on completion of the sale, needs to be transferred to the Buyer. | £125
|
| New Build Fee | There are several additional large documents which need to be considered when buying a newly built property. | £500
|
| Occupier Consent | Occupier Consent | £50 |
| Purchasing Company and transferring freehold reversion | This situation would arise where you are buying a leasehold flat as well as acquiring an interest in the freehold. | £395
|
| Purchase of Lease extension | There is a considerable amount of work to be carried out but each title is different so we can give you a quote once we have considered the Lease. | Variable. Please ask for a quote
|
| Purchase of the freehold reversion | As above, there is a considerable amount of work to be carried out but each title is different so we can give you a quote once we have seen the Lease. | Variable. Please ask for a quote |
| Removal of registered Caution/Charge (each) | A Caution is a Form of a loan or debt incurred by the Seller which needs to be removed. | £110
|
| Retention – dealing with retention monies on a Sale or a Purchase
|
Where a retention is required to be held on completion to cover an excess of service charges, this fee covers the cost of the additional work required to manage and audit this retention, deal with the calculation and finally distribute the monies. | £450 |
| Reviewing additional covenants (not contained in the title) | This could be because an additional title is being added or the covenants are contained in documents relating to a neighbouring property that are not within the immediate title. | £285
|
| Reviewing Auction Pack | Investigating the available package of documents, including searches, and reporting to you on the title. | £195
|
| Serving Notices of Charges on Landlords/Management Company (per notice) | This will be a requirement of the Lease and the Lease will state who to serve the Notices on and any additional fee required by the Landlord/Management Company. | £55
|
| Statutory Declaration, for Title rectification or other reasons | For example, if there is a small piece of land added to the rear garden which is not included in the title to the property, the Stat Dec sets out how and when it was acquired which we would have to draft and engross for signatures. | £185
|
| Telegraphic Transfer fee (additional) | If a payment is required by TT this is to cover the fee the Bank will charge us for dealing with this. | £40
|
| Telegraphic Transfer fee (outside the UK) | Same as above but sending the money outside of the UK. | £70
|
| Transfer of Equity | Where two people owning a property jointly do not want to continue to hold as joint tenants but wish to revert to holding as Tenants in Common. | £385
|
| Transfer of Part – Freehold | Where, for example, you might want to sell your garage to your neighbour and retain your property therefore you are splitting the title. You would then be transferring only Part of the Title. | £250
|
| Transfer of Share | If you are holding shares in a company which need to be transferred to a Buyer on completion. | £125 each
|
| Transfer or Discharge of Legal Aid Charge or other current loan | This is for payment of a loan or discharging a Legal Aid registered charge on the title of the property. | £190
|
| Trust Deed | A Trust Deed will set out how the property is held and by whom and in what shares. | £250
|
| Voluntary First Registration for a sale property | If your title is unregistered you can apply to the Land Registry for voluntary first registration so that when you come to sell the property you are selling a registered title and any problems are already resolved. | £200
|
| Multiple Client Transfers | Collating multiple client transfers | £75 |
| Listed Building | Dealing with a listed building | £200 |
| Power of Attorney Verification | Administration resource to verify the legitimate Power of Attorney on a sale or purchase | £75 |
| Wills
|
We can arrange for your Wills to be drafted but they will be drafted by a different department. Please ask for quote. | Variable depending on content
|
| Exchange and Completion | ||
| Simultaneous Exchange and Completion | Exchange of contracts on same day as completing the transaction | £225
|
| Expedited completion (less than 5 days between exchange and completion) Please note: The minimum fee will be £145, but we may need to add an additional amount, depending upon the complexity of the matter. |
When contracts are exchanged the normal period between exchange and completion is 14 days, however if you want to do the completion within 5 days we will have to prioritise your matter over others and give your file precedence which incurs considerable additional work.
The fee will actually relate to the amount of work carried out at the time. |
£185
|
| Prioritised Completion | Prioritised completion is where we have prioritised your completion over others with less than 10 days between exchange and completion. | £145
|
| Removal of Restriction other than a Charge | Removal of Restriction other than a Charge | £150 |