Conveyancing Legal Charges

SALE COSTS

PROPERTY VALUE LEGAL CHARGE
£1 to £100,000£550 – £650 plus VAT
£100,001 to £200,000£650 – £700 plus VAT
£200,001 to £300,000£700 – £750 plus VAT
£300,001 to £400,000£750 – £850 plus VAT

PURCHASE COSTS

PROPERTY VALUELEGAL CHARGE
£1 to £100,000£625 – £660 plus VAT
£100,001 to £200,000£675 – £725 plus VAT
£200,001 to £300,000£725 – £775 plus VAT
£300,001 to £400,000£800 – £950 plus VAT

 

PLEASE NOTE IF THE MATTER IS LEASEHOLD OR HELP TO BUY there will be extra legal charges of £150.00 plus VAT.

DISBURSEMENTS

Disbursements are charged in respect of all the work we undertake for you and some of these are costs payable to third parties that relate to your matter.

Example of usual sale disbursements:-

Bankruptcy searches – £2.00 per name
Search of the Index Map – £4.90
Administration Fee for electronic transfer of funds – £35.00 plus VAT (per transfer)
Official copies of the register – £6.90
Postage and Fax communications – £30.00 plus VAT if sale + purchase

Average sale disbursements but subject to variation – £81.80

Example of usual purchase disbursements:-

Searches – including Local Authority/Environmental/Drainge & Water/Planning – £200.00 (This will vary on the location of the property you are purchasing and if further searches are required for example if the property is in coal mining area)
Search of the Index Map – £4.90
Bankruptcy searches – £2.00 per name
Lawyer Checker – £12.00
Administration Fee for electronic transfer of funds – £35.00 plus VAT per transfer
Postage and Fax communications – £20.00 plus VAT
Administration Fee for completion and submission of HMRC Stamp Duty Transaction Form – £50.00 plus VAT

Average purchase disbursements but subject to variation – £346.90 (Stamp Duty and Land Registry fees to be added please see below)

Stamp Duty – this will vary for each client depending on your circumstances.  To calculate your stamp duty please click on the Government website  www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Land Registry Fees
– this is calculated depending on the value of the property.  Please refer to the Land Registry website http://landregistry.data.gov.uk/fees-calculator.html.  Please note we submit our applications electronically.

We can also assist with your re-mortgage, declarations of trust, tenancy agreements and so forth so please contact us for a personalised estimate of costs or enquire about other services if they are not listed. Our legal charges for these services will vary but range from £175 – £375 plus VAT and related disbursements.

PLEASE CONTACT US FOR A PERSONALISED ESTIMATE FOR YOUR CONVEYANCING.  YOU CAN TELEPHONE US WITH YOUR FULL DETAILS OR PLEASE EMAIL US. 

If your matter requires additional work that is not included in our personalised estimate you will be informed as soon as practically possible.  Matters typically exceed the estimate when they are particularly complicated, for example where a lease has to be extended.

A NOTE ABOUT ESTIMATES

We are a family business that has been established since 1882 and we provide a professional, friendly efficient service. Our estimates are designed to give you the most accurate break down of what your total expenses will be in your transaction. Some businesses do not operate in this manner and will consequently recommend or insist upon further services after an initial estimate.

Please beware of the following:-

Searches being under estimated. Some searches are essential and some you have a choice which can reduce expenses. Having full searches should be recommended by all conveyancers and therefore our estimates include search fees for the Local Authority, Drainage, Environmental and a Plan Search. If your Environmental search reveals the need to carry out a flood report we will recommend this as well but ultimately the decision will rest with you.

Add-ons for extra requirements such as dealing with mortgages or first registrations.

Please note we may have to carry out a Lawyer Checker Search costing £10 plus VAT if the solicitors on the other side are not known to us. This is in order to protect both you and your Lender, if you have one. Unfortunately, criminals are not just stealing the identities of individuals, there are a number of cases where criminals are stealing the identity of legitimate legal firms in order to steal house purchase funds and we want to protect you from this threat. Lawyer Checker allows us to check the account number of the firm on the other side against a database of previous conveyancing transactions. The results provided by the service will help us to better assess the risk associated with sending your money.

The most common areas that cause a significant change in estimates are searches and consequently indemnity insurance and leasehold management company fees:-

Searches. You may be given an estimate for minimal searches but it will be necessary to carry out more. Searches may uncover defects in title that may require indemnity insurance to protect you or the buyer. These can vary but are usually between £20.00 & £100.00.

Leasehold properties are often managed by companies. Often in the lease provision will be made for management companies to charge fees in order to provide essential information as well as preparing notice of transfers, deed of covenants and or assignment of leases. These fees can vary wildly and are dictated by the management companies.

Complications in the transaction causing an increase in the time expended on the matter will incur extra legal charges but you will be informed if this occurs.

PLEASE CONTACT US FOR A PERSONALISED ESTIMATE FOR YOUR CONVEYANCING.  YOU CAN TELEPHONE US WITH YOUR FULL DETAILS OR PLEASE EMAIL US.

REFERRALS

Please note we do have arrangements with some introducers and pay approximately £50.00 per introduction which is a cost bourn by this company and taken from our office account.

If you instruct us to act for you, at the outset you will be provided with our Home Brochure which will include all our terms and conditions and explain the process for you.

Contact Hanslip Ward

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As with all previous advice I have received from Hanslip Ward, I consider the advice to reflect the highest standard, and I thank you for taking on my case in these unfortunate circumstances.
Mr & Mrs Epstein

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