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PURCHASE COSTS (from 01/12/24)
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| Consideration | Costs | VAT | Search Fees Estimated |
Land Reg Fees Scale 1 |
Bank TT Fees Per TT |
Total |
| £0-£80,000.00 | £645.00 | £129.00 | £320.00 | £45.00 unreg | £36.00 | £1,175.00 |
| £20.00 reg | £1,150.00 | |||||
| £80,001.00 -£100,000.00 | £645.00 | £129.00 | £320.00 | £95.00 unreg | £36.00 | £1,225.00 |
| £40.00 reg | £1,170.00 | |||||
| £100,001.00- £200,000.00 | £725.00 | £145.00 | £320.00 | £230.00 unreg | £36.00 | £1,456.00 |
| £100.00 reg | £1,326.00 | |||||
| £200,001.00 – £300,000.00 | £845.00 | £169.00 | £320.00 | £330.00 unreg | £36.00 | £1,700.00 |
| £150.00 reg | £1,520.00 | |||||
| £300,001.00 – £400,000.00 | £925.00 | £185.00 | £320.00 | £330.00 unreg | £36.00 | £1,796.00 |
| £150.00 reg | £1,616.00 | |||||
| £400,001.00 – £500,000.00 | £1095.00 | £219.00 | £320.00 | £330.00 unreg | £36.00 | £2000.00 |
| £150.00 reg | £1,820.00 | |||||
| £500,001.00 – £1,000.000.00 | £1,400.00 | £280.00 | £320.00 | £655.00 unreg | £36.00 | £2,691.00 |
| £295.00 reg | £2,331.00 | |||||
SALE COSTS (from 01/12/24) |
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| Consideration | Costs | VAT | Office copies |
Bank TT Per TT | Total | |
| £0 – 150,000 .00 | £645.00 | £129.00 | £14.00 | £36.00 | £824.00 | |
| £150,001 .00 – £200,000.00 | £695.00 | £139.00 | £14.00 | £36.00 | £884.00 | |
| £200,001.00 – £300,000.00 | £775.00 | £155.00 | £14.00 | £36.00 | £980.00 | |
| £300,001.00 – £400,000.00 | £900.00 | £180.00 | £14.00 | £36.00 | £1130.00 | |
| £400,001.00 – £500,000.00 | £945.00 | £189.00 | £14.00 | £36.00 | £1,184.00 | |
| £500,001.00 and over |
£1095.00 | £219.00 | £14.00 | £36.00 | £1,364.00 | |
| Unregistered Supplement | £100 | |||||
| Leasehold Supplement | £200 | |||||
NOTES
MORTGAGE COSTS £ 125.00 +VAT £25.00 = £150.00
HELP TO BUY ISA COST EXTRA £ 125.00 +VAT £25.00 = £150.00
For Leasehold properties there may be extra costs and disbursements. Please check with Solicitor
COSTS FOR FIXED FEE MATTERS
From 2nd May 2022
WILLS
£225.00 + VAT £45.00 for a Single Will=£270.00
£275.00 + VAT £55.00 for Mirror Wills= £330.00
LASTING POWER OF ATTORNEY
£450 .00 + VAT £90.00 + £82 OPG Registration fee for one type LPA’s = £622.00
£550.00 + VAT £110.00 + £164 OPG Registration fee for both LPA’s= £824.00
COUPLE LASTING POWER OF ATTORNEY
£550 .00 + VAT £110.00 + £164 OPG Registration fee for one type LPA’s = £824.00
£600.00 + VAT £120.00 + £328 OPG Registration fee for both LPA’s= £1048.00
APPLICATION FOR PROBATE ONLY
£650 + VAT 130.00 + £300 Probate Court fees = £1080.00
Each copy Grant is 1.50p,
If a full inheritance return is required our costs will be
£950 + VAT £190 +£300 Probate Court fees = £1630
REMORTGAGES OR TRANSFERS OF EQUITY
£450 + VAT £90 + Disbursements (Search fees and Land Registry fees)
REMORTGAGES AND TRANSFERS OF EQUITY
£550 + VAT £110.00 + Disbursements (Search fees and Land Registry fees)
TELEGRAPHIC TRANSFER FEES
£36 (inclusive of VAT)
DEED OF NAME CHANGE
£290.00 + VAT £58.00 = £348.00
IDl FORM
£100.00 + VAT £ 20.00 = £120.00
FEE EARNER HOURLY RATES
Partners and Consultants £295
Fee earners £250
CERTIFIED COPIES
Non-client – £5.00 per document/page (e.g. five pages of one document will cost £25)
STORAGE OF PRE-REGISTRATION DEED
£50.00 + VAT £ 10.00 = £60.00
FILE RETRIEVAL FEE
£50.00 (inclusive of VAT)
| Dealing with: | Fee £: | VAT: | Total: |
| New Build Property Supplement | £150.00 | £30.00 | £180.00 |
| Help to Buy/Lifetime ISA Bonus (per bonus) | £50.00 | £10.00 | £60.00 |
| Third Party Gifted Deposits (per gift) | £60.00 | £12.00 | £72.00 |
| Declaration of Trust | From £120.00 + VAT dependent on complexity | ||
| Redemption of Additional Charge | £75.00 | £15.00 | £90.00 |
| Removal of Caution, Restriction or Notice | £100.00 | £20.00 | £120.00 |
| Deed of Postponement | £75.00 | £15.00 | £90.00 |
| Statutory Declaration or Statement of Truth | £100.00 | £20.00 | £120.00 |
| First Registration of Title on a Purchase | £100.00 | £20.00 | £120.00 |
| Voluntary First Registration of Title on a Sale | £150.00 | £30.00 | £180.00 |
| Purchase of a Freehold Reversion for a leasehold property | £250.00 | £50.00 | £300.00 |
| Deed of Covenant | £75.00 | £15.00 | £90.00 |
| Deed of Easement | £150.00 | £30.00 | £180.00 |
| Power of Attorney to buy/sell property | £100.00 | £20.00 | £120.00 |
| Assured Shorthold Tenancy Agreement | £200.00 | £40.00 | £240.00 |
| Purchasing a property subject to a Tenant | £200.00 | £40.00 | £240.00 |
| Dealing with additional 3rd Party Lawyers | Up to £250.00 + VAT | ||
| Preparing a Contract Package for an Auction Sale | £350.00 | £70.00 | £420.00 |
| Surrender or Grant of a Lease | £500.00 | £100.00 | £600.00 |
| Deed of Variation | £150.00 | £30.00 | £180.00 |
| Epitome of Title | £100.00 | £20.00 | £120.00 |
| Reclaim of higher rates LTT / SDLT | £100.00 | £20.00 | £120.00 |
| LMS fee | £35.00 | £7.00 | £42.00 |
| Lawyer Checker fee | £18.34 | £3.66 | £22.00 |
| AML Check | £3.70 | £.0.74 | £4.44 |
| Case Management fee | £20.00 | £.5.00 | £25.00 |
ADMINISTRATION OF ESTATES
Our charges are based on a combination of the time spent dealing with the matter, including a care and conduct element, and the value of the estate. Time spent will include meetings with you and perhaps others, considering, preparing and working on papers, correspondence and making and receiving telephone calls. Routine letters and telephone calls made and received will be charged in units of one tenth of an hour, and this will apply to virtually all of the correspondence and telephone attendances undertaken in relation to this matter. However the right is reserved to charge longer letters and telephone calls on a time basis.
A “value” element will also be applied in accordance with recommended guidelines, which will represent one half percent of the value of any real property comprised in the estate and one percent of any personal property comprised in the estate. These percentages are raised where one of the members of this firm is appointed Executor to three quarters percent and one and a half percent respectively in order to reflect the responsibility involved in the Executorship, although in some cases the extent of correspondence and telephone calls is usually somewhat lower.
It is difficult for us to estimate our total charges in relation to the estate, but experience has shown that, on an average estate, our total charges are likely to be between two percent and three percent of the estate. This percentage estimate is given as a guideline only, and will not accurately reflect the charges in a small or a particularly large estate.
DIVORCE AND FINANCIAL REMEDY
Our legal fees for dealing with an Application for Divorce begin at £250 + VAT per hour. If an application is contested or proves to be unduly complex, troublesome or if the matter should become protracted, the legal fees will likely increase.
Financial Ancillary Relief is separate to divorce proceedings though it is often advised to settle the marital finances at the time of divorce. As no two cases are the same, our charges are based on the time spent dealing with the matter. Time spent will include meetings with you, liaising with the other side of the case, liaising with Council, court appearances, drafting, considering, preparing and working on papers, correspondence and making and receiving telephone calls. The costs can vary widely from a straightforward case where an agreement can be reached to more complex cases, where an agreement cannot be reached and/or if the matter proceeds to Court.
If you require more information or would like to discuss the procedure and/or potential costs in more details, please get in touch on 01745 852121 or email matthew.ostanek@clement-hughes.co.uk
Estimated time for matters
It is difficult to give a precise estimate as to how long matters take due to the involvement of third parties, other Solicitors and factors outside of our control and some matters may proceed quicker than others but we would estimate the approximate time frame would be as follows:
Residential Conveyancing: 8 – 12 weeks
Wills: 4 – 8 weeks
Probate: 6 – 12 months
Powers of Attorney: – 3 – 6 months
Divorce and Financial Relief: 6 months+
If you do have any questions then please do contact us.