VAT will be charged on the above legal fees at the current rate applicable at the time
Please note that we do not charge extra to the fees above if you are purchasing with the assistance of a mortgage (with the exception of the Help to Buy funding or Help to Buy ISA as detailed below)
Additional Legal Fees may be incurred – Please see examples below.
||Bank transfer fee
||£35 plus vat
||Help to Buy Funding
||£100 plus vat
||Help to Buy ISA for each ISA
||£50 plus vat
||SDLT Form (stamp duty on a purchase)
||£60 plus vat
||Shared ownership purchases/sales
||£100 plus vat
||On leasehold properties where Management Company pack
||£50 plus vat
This list is not exhaustive and if a particular transaction requires additional work that is not included in the estimate you will be informed of this and what the additional costs will be at the earliest opportunity. Matters typically exceed the quoted fee when they are particularly complicated, for example when a lease has to be extended as part of the purchase of a leasehold property or where there are complicated title issues or rights of way/boundary issues which require resolving as part of the purchase/sale process.
Disbursements (these are costs payable to a third party that relate to your matter)
Average Sale Disbursements
||AML identity Search per person
||HM Land Registry fee Office copies plans & copy docs
||Mortgage redemption fee for early repayment this will depend upon your mortgage terms
||Management Company fee for a management company pack on the sale of a leasehold property – dependant on Lease terms
||£200.00 plus vat
||Landlords consent to assignment of a leasehold property the fee is governed by the terms of the lease but the average fee is
||£150.00 plus vat
Average Purchase Disbursements
- AML identity Search per person £3.60
- Stamp duty – varies dependent upon the purchase price of the property and whether the property will be your principal main residence worldwide. Please click on the following link to HMRC website for details of the stamp duty payable on your purchase – https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
- Searches £320.00 includes Local, Environment, Drainage, Coal Mining (if in coal mining area) and HM Land Registry searches
- HM Land Registry fee for registration of the property in your name. This varies dependent upon the price of the property you are purchasing. Please click on the attached link to HMLR website for details of fees charged http://www.gov.uk/guidance/hm-land-registry-registration-services-fees
- On Leasehold –Landlords Notice of assignment £155 plus vat
Please note that disbursements may increase on any particular matter from the examples above mentioned or there may be additional unanticipated disbursements as the matter proceeds. You will be informed of any increases in anticipated disbursements or additional disbursements at the earliest opportunity.If you require a specific estimate for your transaction then please fill out the form below:
Average fees payable on commercial matters including development work
Our fees for dealing with commercial transactions will be based on an hourly rate of £220 plus vat per hour and will also be calculated by reference to the value of the transaction and the complexity of the transaction. We recommend that you obtained a detailed estimate from us for each commercial transaction.
Should your transaction fail to proceed to completion of a sale or purchase then our charges for this aborted transaction will be such sum as is reasonable, having regard to the amount of work which has been done by that stage in the transaction together with VAT and any disbursements paid or are due and owing to a third party. Our fees will not exceed the amount of the fee estimate unless you have been previously advised of a fee increase in the normal course of the transaction.
On occasions a client is referred to us by a Third Party and we may have a referral fee arrangement with that Third Party. The average referral fee we pay to a Third Party is £75.00 plus vat at the current rate. If a referral fee is payable we will notify you in writing of the amount paid by way of a referral fee paid, if applicable, at the outset of your transaction in our instruction letter.