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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 £325.00 £0.00 £100,000.00 £370.00
£100,001.00 £200,000.00 £325.00 £100,001.00 £200,000.00 £370.00
£200,001.00 £300,000.00 £350.00 £200,001.00 £300,000.00 £375.00
£300,001.00 £400,000.00 £375.00 £300,001.00 £400,000.00 £395.00
£400,001.00 £500,000.00 £400.00 £400,001.00 £500,000.00 £410.00
£500,001.00 £600,000.00 £425.00 £500,001.00 £600,000.00 £425.00
£600,001.00 £700,000.00 £450.00 £600,001.00 £700,000.00 £450.00
£700,001.00 £800,000.00 £475.00 £700,001.00 £800,000.00 £475.00
£800,001.00 £900,000.00 £500.00 £800,001.00 £900,000.00 £500.00
£900,001.00 £1,000,000.00 £525.00 £900,001.00 £1,000,000.00 £525.00
£1,000,001.00 £2,000,000.00 £580.00 £1,000,001.00 £2,000,000.00 £550.00
£2,000,001.00 £5,000,000.00 £775.00 £2,000,001.00 £5,000,000.00 £700.00
£5,000,001.00 + £855.00 £5,000,001.00 + £895.00

Please see the below list of our charges for additional services that may be applicable during your transaction. All charges are exclusive of VAT.

Service Description Cost
Acting for a lender on a company purchase When a property is being purchase by a Company this service covers the work done to protect the lender’s interest £380

 

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. £75
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 £125
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 £145

 

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 £165

 

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 £225
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 £245

 

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 of documents and then it is compulsory that the title is registered after completion £225

 

Arranging an Indemnity Policy This is sometimes required where a FENSA Certificate or other similar document has been lost by the Policy will protect the Buyer £50

 

Certificate of Compliance If the Title to the property contains a Restriction where by the Management Company have to confirm by way of a Certificate of Compliance that the terms of the assignment provisions have been complied with £165

 

Cheque issued to Third Parties (e.g. estate agents) Payment of Agents commission for example or other monies due to be paid on completion of the sale of the Property £35

 

Cheque returned unpaid/stopped at customer request If we issue a cheque and for some reason the client has changed bank details and has not told us, we would have to stop the cheque with our Bankers £35

 

Dealing with Deed of Surrender A Deed of Surrender would be required if you were owning leasehold property and part of the property is to be surrendered to the Landlord maybe a garage for instance £185

 

Dealing with Help to Buy This is a Government Scheme to help people to cope with buying property and which is a second charge on the property and requires considerable documents to be completed £275

 

Dealing with Help to Buy ISA Similar scheme to help people to purchase by means of an ISA £50

 

Dealing with Housing Association This may be a situation whereby there is an issue with the Housing Association in providing information regarding payments if service charges and rent £275

 

Dealing with additional titles If there is more than one title for instance where the property is in one title, the garage is in another and the garden is in another. £225

 

Dealing with Right to Buy Fee The Right to Buyer Scheme is a government run scheme to help people who have been paying rent for a long time to actually buy their property at a reduced rate £135

 

Dealing with Solar Panels A situation where a lease has been entered into with a Solar Energy Company which must be assigned to the purchasers £175 – £275

 

Dealing with Third Party Lawyers (eg. matrimonial dispute) This would apply where a divorce has taken place and the property is still registered in two names £175

 

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 property in a Trust situation £175

 

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 £145

 

Deed of Gift Where a parent or friend offers a cash sum to someone to help them buy a property. This Deed is required by Lenders £110

 

Deed of Variation of a Lease Where a variation to the Lease is required it may be the term 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. £175

 

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. £125

 

Fee for verifying the client’s source of funds

 

We have to ensure the source of funds sent to us over £1,000.00 to ensure compliance with Anti Money Laundering Laws £100
File retrieval after completion (from archive storage) If you require us to recover your file from our archives this is the charge we would make for doing that £55

 

Fraud Restriction With fraud becoming more prevalent we offer a service to our clients to help protect them against potential fraud where we investigate the seller’s solicitors bank details to ensure they are genuine and therefore protect £75

 

Fraud Prevention Investigation With fraud becoming more prevalent we offer a service to our clients to help protect them against potential fraud where we investigate the seller’s solicitors bank details to ensure they are genuine and therefore protect the purchase monies when they are sent on completion £45
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 £55

 

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. £125
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. £185

 

Lawyer Check Disbursement

 

This fee would be incurred in conjunction with the completion details of the other solicitors.  We obviously have to ensure that their bank details are correct, and we check with the CLC or SRA £12
Lock Out Agreement Where you are selling a popular property and the Buyer issues a Lock Out Agreement this is because he wants to stop the Vendor from selling to someone else £175

 

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 £90

 

New Build Fee There are a number of additional large documents which need to be considered when buying a newly built property £185

 

Purchasing Company and transferring freehold reversion This situation would arise where you are buying a leasehold flat and also acquiring an interest in the freehold £375

 

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

Ask for a quote

 

Purchase of the freehold reversion 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 Ask for quote

 

Removal of registered Caution (each) A Caution is a Form of a loan or debt incurred by the Seller which needs to be removed £100

 

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 neighbouring property not within the immediate title £275

 

Reviewing Auction Pack Going through a Package of documents including searches usually and reporting to you on the title £180

 

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 how much it will cost to do so £45

 

Statutory Declaration, for Title rectification or other reasons 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 have to draft and engross £175

 

Telegraphic Transfer fee (additional) If you require payment of a debt by TT this is the fee the Bank will charge us for dealing with this in this manner £35

 

Telegraphic Transfer fee (outside the UK) Same as above but having to supply considerably more information than above £60

 

Tenancy Agreement (AST) If you are a Landlord and considering letting the property, we can produce an Assured Shorthold Tenancy Agreement £125

 

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 £350

 

Transfer of Part – Freehold Where 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 £225

 

Transfer of Share If you are holding shares in a company which need to be transferred to a Buyer £90 each

 

Transfer or Discharge of Legal Aid Charge or other current loan This is again payment of a loan for Legal Aid registered as a charge on the title of the property £190

 

Trust Deed A Trust Deed will set out how the property is sold and by whom and in what shares £195

 

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 sorted out £150

 

Wills

 

We can arrange for your Wills to be drafted but they will be drafted by a different department.  Ask for quote. Variable depending on content

 

Exchange and Completion
Simultaneous Exchange and Completion Exchange of contracts on same day as completing the transaction £185

 

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 if you want to do the completion within 5 days, we will have to prioritise your matter over others and give your file precedent.  It also incurs us in additional work.

 

 

The fee will relate to the amount of work carried out at the time

£145

 

Prioritised Completion Prioritised completion is where we prioritised your completion over others with less than 10 days between exchange and completion) £95

 

Other Charges:

SDLT Fee: £45 is payable for the form completion for the stamp duty land tax.

Lawyer Check:

To prevent fraud and protect your Purchase Funds, we will automatically apply for an official Lawyer Check on exchange of contracts. This incurs a third-party disbursement of £12.00 and will be added to the Completion Statement.

P&P Charge:

There may be a small printing and postage charge of £12.00 plus VAT where appropriate.

Abortive matters:

If after being instructed the matter proves abortive, we will only charge for the work carried out and if the transaction is in its very early stages no charge will be made however if considerable work (which we cannot use on another transaction) has been carried out we will make a charge for the work done.

ID Check:

In order that we conform to Anti Money Laundering Laws, we will submit an online identity check for which there is a fee of £15.00 – This cost will be incurred for each client that is on the transaction.

Search Pack:

** It is recommended that you obtain a Local Authority Search when purchasing a property even if you are not applying for a mortgage which costs £135.00. If you are arranging a mortgage the Lender will require a full package of searches including Environmental, Water and Drainage and Local Authority Search. The full pack of searches are charged at £255.00 which is broken down as:

Local Authority                 £135.00

Water & Drainage            £60.00

Environmental                  £60.00