Legal Fees, Costs & Disbursements
There are many ways of costing the probate or administration of an estate such as: –
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.
where there
Please contact us for a free quote.
where one or more of the following apply:
Please contact us for a free quote.
The likely disbursements (costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process) the fees are: –
Please contact us for a free quote.
If any additional copies of the grant are required, they will cost £0.50p (1 per asset usually).
Dealing with the sale or transfer of any property in the estate is not included – this would be costed separately with more information provided.
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’.
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.
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.
Our fees for a sale of a freehold property range from £695 to £2,500 plus VAT, a property with a value of more than £1M will fall outside this fee range. The average fee on a straight forward sale is £795 plus VAT. There is a bank charge fee of £35 plus VAT to redeem any mortgages or send monies to you on completion.
Our fees would include us providing the following: –
Our fees for a sale of a leasehold property range from £750 to £2,500 plus VAT. If there are additional fees payable these will be provided for in our quotation.
If the sale property is a managed leasehold title there is every likelihood that you would be expected to provide a leasehold information pack. This is provided by the Management Company or Agent for Freeholder. The Management Company will charge you a fee of approximately £300 plus VAT. We would request the pack on your behalf following receipt of payment from you.
Disbursements are fees that we pay to a third party on your behalf such as Land Registry or a search provider. For a sale the likely disbursements are: –
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.
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: –
The likely disbursements are: –
Stamp Duty Land Tax £ the fee payable depends on the purchase price, if you are a first-time buyer or if the property being purchased is an additional home.
To find out the fee payable please follow; www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
if the property is in Wales then Welsh Land Tax is payable, to calculate the fee payable please follow: https://beta.gov.wales/land-transaction-tax-calculator
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: –
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.
Our fees in dealing with a re-mortgage start from £525 plus VAT. This will depend on how many existing charges over the property will to be discharged. There would be an additional bank charge fee of £35 plus VAT to redeem any existing mortgage charge.
Our fees would include providing the following: –
The likely disbursements are: –
The fee is based on the value of the property set out on scale 2 charges by Land Registry, this can be found at: – https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#fee-reductions-when-using-scale-2
Our fees in dealing with a re-mortgage start from £525 plus VAT. This will depend on how many existing charges over the property will to be discharged. There would be an additional bank charge fee of £35 plus VAT to redeem any existing mortgage charge.
Our fees would include providing the following: –
The likely disbursements are: –
The fee is based on the value of the property set out on scale 2 charges by Land Registry, this can be found at: – https://www.gov.uk/guidance/hm-land-registry-registration-services-fees#fee-reductions-when-using-scale-2
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.
Fixed Fee arrangements are subject to consultation.
Process servers are trained to find individuals and ensure that they are given notice of a legal action that is being taken against them. Proper service of process is required before a legal proceeding can get underway.
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WE ARE BLACKHAMS
Blackhams, which is the practising name of Bradley & Cuthbertson LLP, are authorised and regulated by the Solicitors Regulation Authority (“SRA”) to provide legal services in England and Wales with SRA number 638657. A copy of Solicitors’ Code of Conduct can be found at sra.org.uk
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Lancaster House, 67 Newhall Street
Birmingham, B3 1NR
0121 233 6900
info@blackhams.com
SOLIHULL
42a Poplar Road
Solihull, B91 3AB
0121 705 9020
info@blackhams.com
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