OUR FEES
Affordable Legal Help, A Team You Can Trust
Probate &
Administration Costs
Legal Fees, Costs & Disbursements
There are many ways of costing the probate or administration of an estate such as: –
- A fixed fee based on a percentage of the estate;
- an hourly rate, or;
- a fixed fee up to a certain fee and thereafter an hourly rate.
We will agree with you at the outset how our charge will be calculated.
We can handle the whole process for you.
We anticipate that this will take between eight and twenty hours. The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
Obtaining Probate Only
If you would prefer to carry out some of the work yourself but want the certainty that the application for the Grant of Probate (or Grant of Letters of Administration) has been professionally dealt with, then we offer a ‘Grant Only Service’.
How long will it take?
On average, simple estates will typically take three to six months to wind up. More complex estates can take up to eighteen months.
A number of factors can affect the time it takes to complete the administration, and consequently the cost – the nature and extent of the assets in the estate, the question of liability for Inheritance Tax, and the presence of foreign assets, for example. Only with detailed information can an accurate estimate of costs be given in any particular case.
Please enquire with our team to find out more.
Residential
Property Costs
Legal Fees and Costs associated to Residential Property
Property transactions are never the same and our fees will reflect the particular requirements of your transaction. For example, the acquisition of a listed building may by reason of the added complexities, cost more than dealing with the acquisition of a freehold property. Please
contact us for a detailed cost assessment.
How long will it take?
Dependent on the length of the chain in a property transaction a sale will usually take between six to twelve weeks. In order to proceed we would require your formal instructions and your I.D. as well as monies on account to purchase the leasehold information pack if the property being sold is leasehold.
Purchases – Freehold
Our base fees for a purchase start from £725 rising to £2,500 plus VAT. Purchases of above £1 million would be quoted for separately. A typical cost would be £825 plus VAT. There would also be an additional bank charge fee of £35 plus VAT to forward the purchase monies to the sellers’ solicitors on completion.
Our fees would include us providing the following: –
- Providing an initial quotation at the outset to ensure we know the particulars of your conveyance
- Taking your instructions and checking your identity for anti-money laundering compliance and the source of funds being used to purchase the property
- Checking the contract documentation and advising you of the same
- Carrying out any necessary searches on the property being purchased and raising enquiries resulting from those searches and the contract documentation received
- Advising you and liaising with you to sign the contract paperwork
- Agreeing a completion date with you and the rest of the chain and exchanging contracts
- Providing you with a completion statement to obtain any additional funds for completion
- Corresponding with your Mortgage lender if applicable to obtain mortgage funds
- Complete the purchase, complete and submit the Stamp Duty/Land Transaction Tax and registering the purchase and any mortgage with Land Registry.
Purchases –
Leasehold Properties
Our fees would include all those set out above in the purchase of a freehold property, however there would be fees payable on completion for the following: –
Advising the management company/agents for the Freeholder that you are now the new owners of the property and serving the required Notices as set out in the lease but usually to include a Notice of Mortgage.
There may be additional fees and disbursements to discharge such as: –
- Notice of transfer/mortgage – variable but typically between £60 and £120 per notice
- Certificate of Compliance fee – variable but typically between £100 and £200
- And if required under the terms of the lease a shared transfer fee if relevant and registration fee for a Deed of Covenant
How long will it take?
The legal work for a purchase may take between six to twelve weeks, depending whether the property is leasehold or freehold and if there is a requirement for a mortgage. Exchange of contracts cannot take place until all enquires are satisfied and a mortgage offer is received. Where the property is leasehold or a new build it may take longer. In order to proceed we would require your formal instructions and your ID.
How long will it take?
A re-mortgage may take between four to eight weeks. Normally within two weeks once the mortgage documents are received from your mortgage lender. In order to proceed we would require your formal instructions and your ID.
A significant and majority of our fees are fixed for
conveyancing, however should a conveyance become abortive the time spent on the file would be calculated on an hourly rate. Please get in touch for more information.
Family
Court Fees
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