A D Firth & Co
A D Firth & Co

Costs and service information 

Residential Conveyancing - Purchase

 

Property Value up to £500,000.00

 

Freehold or Leasehold houses:

 

Legal fee         £480.00

VAT                 £96.00

 

Total fees        £576.00

 

Flat/Apartment:

 

Legal fee         £550.00

VAT                 £110.00

       

Total fees        £660.00

 

Property value £500,000.00 to £1,000,000.00

 

Freehold or Leasehold houses:

 

Legal fee         £580.00

VAT                  £116.00

 

Total fees        £696.00

 

Flat/Apartment: 

 

Legal fee         £650.00

VAT                 £130.00

 

Total fees        £780.00

 

The above charges are fixed fees and will remain so unless the transaction is unduly protracted or complicated such as if there is a defect in the title. If that happens, we will inform you of any extra fees before they are incurred.   

 

For property purchases over £1,000,000 please contact us for a quotation.

 

Disbursements to be added to the above prices:

 

Local search                                            £82.00

Drainage search                                     £34.80

Environmental/Planning searches    £78.40 (optional)

Coal search                                              £38.40 (if property in coal mining area)

Land registry search fee                       £3.00 per title

Bankruptcy search fee                          £2.00 per person

Bank transfer fee                                   £15.00 plus £3.00 VAT

  

Stamp Duty Land Tax

Cost depends on property value and type of buyer. Please visit 

www.stampdutycalculator.org.uk to calculate the fee.

 

Land Registry - registration fee dependent on property value

 

If registration is sent to Land Registry electronically:

 

Up to £80,000.00                           £20.00

£80,001.00 - £100,000.00           £40.00

£100,001.00 - £200,000.00        £95.00

£200,000.01 - £500,000.00        £135.00

£500,000.01 - £1,000,000.00     £270.00

Over £1,000.000.00                       £455.00

 

Most transfers of the whole of an existing title will be sent electronically and incur the fee given above.

 

However, if registration is for a new lease or transfer of part or is sent to Land Registry by post such as a first registration where property has not previously been registered, the registration fee will be twice the above quoted fee.

 

All the disbursements above include VAT.           

 

Work included and key stages:

 

Taking instructions, carrying out money laundering checks, receiving and checking contract documents including title to property, commissioning searches, asking the seller’s solicitors additional enquiries, reporting on the title, if mortgage being used to finance purchase checking the mortgage offer including lender’s requirements and ensuring compliance with any conditions of the offer, preparing all necessary documents, providing a statement of account showing all the costs of the transaction, agreeing completion date with seller’s solicitors, exchanging contracts and completing transaction, dealing with preparation and submission of Stamp Duty Land Tax (SDLT) form and payment of any SDLT due, registering transaction at the Land Registry.

 

Work not included:

 

Property valuation advice, inspection of the property being purchased, advice on any planning implications or making any more detailed planning enquiries in addition to the desktop planning search commonly undertaken unless specifically instructed to do so for which extra fees will be charged, advice on any search results that identify environmental or planning issues, advice on tax implications of transaction apart from SDLT.

 

Time scales:

 

Approximately 8-10 weeks from commencement to completion but this can vary and be longer or shorter depending upon whether the transaction is linked to other transactions in a chain. 

 

Factors increasing costs:

 

If the matter is unduly protracted or complicated such as a title defect or if the mortgage lender instructs another firm of solicitors to act for them for which an extra fee may be charged by the lender’s solicitors.

 

If a declaration of trust document is required for which a separate fee will be charged.

 

 

 

Residential Conveyancing - Sale

 

Property Value up to £500,000.00

 

Freehold or Leasehold houses:

 

Legal fee   £440.00

VAT           £88.00

 

Total fees  £528.00

 

Flat/Apartment:

 

Legal fee    £500.00

VAT             £100.00

       

Total fees    £600.00

 

Property value £500,000.00 to £1,000,000.00

 

Freehold or Leasehold houses:

 

Legal fee       £500.00

VAT               £100.00

 

Total fees      £600.00

 

Flat/Apartment: 

 

Legal fee       £560.00

VAT               £112.00

 

Total fees     £672.00

 

The above charges are fixed fees and will remain so unless the transaction is protracted or unduly complicated such as if there is a defect in the title. If that happens, we will inform you of any extra fees before they are incurred.  

 

For property purchases over £1,000,000 please contact us for a quotation.

 

Disbursements to be added to the above prices:

 

Office copies           £6.00 per title 

Bank transfer fee   £15 plus VAT £3.00

 

If any extra documents need to be obtained from the Land Registry, a further fee of £3 per document will also be incurred.

 

If a mortgage on the Property needs to be redeemed, a further bank transfer fee of £15 plus £3 VAT will be incurred.

 

All the disbursements above include VAT           

 

Work included and key stages:

 

Taking instructions, carrying out money laundering checks, obtaining and checking title documents, arranging for seller to complete questionnaires relating to the property, preparing contract package including draft contract, questionnaires and other relevant documents to be sent to the buyer’s solicitors, dealing with additional enquiries asked by the buyer’s solicitors, if a mortgage is outstanding obtaining redemption statement from lender, approving draft transfer provided by the buyer’s solicitors, providing a statement of account showing all the costs of the transaction, agreeing completion date with buyer’s solicitors, exchanging contracts and completing transaction, redeeming any mortgage, on seller’s instruction paying estate agents fees and accounting to you for net proceeds of sale.

 

Work not included:

 

Property valuation advice, inspection of the property being sold, advice on any planning implications unless specifically instructed to do so for which extra fees will be charged, advice on any search results that identify environmental or planning issues, advice on tax implications of transaction apart from SDLT.

 

Time scales:

 

Approximately 8-10 weeks from commencement to completion but this can vary and be longer or shorter depending upon whether the transaction is linked to other transactions in a chain. 

 

Factors increasing costs:

 

If the matter is unduly protracted or complicated such as a title defect. If we are required to redeem more than one mortgage or retrospective approval for any alterations or a legal indemnity insurance policy is required.  

 

 

                  

Uncontested Probate with all the assets in the UK

 

The fees to be charged are based on the time spent by the Principal solicitor Alan Firth dealing with the matter at a standard charging rate of £150 plus vat per hour.

 

The time spent can vary considerably depending upon the number of different assets. An estate with either no house or other real property or one house which needs only to be assented to a sole beneficiary and a small number of bank/building society accounts or other financial assets make take approximately 6-8 hours giving a charge of £900 plus £180 vat (Total £1,080)-£1200 plus £240 vat (Total £1,440).

 

If the estate contains a house or other real property which has to be sold, a separate charge in line with the fees charges for a residential sale will also be made.  

 

Disbursements to be added to the above prices:

 

Court fee for grant of probate                                               £155

Extra sealed copies of grant                                                  £0.50 per copy

Oath fee for executor                                                              £7 per executor  

Fees for cost of advertising for creditors (if required)    £170-£200 (estimated cost)

Bank transfer fee (if required)                                             £15 plus £3 vat for each transfer

Land Registration fee (if required) for registering assent between £20-£125 depending upon the value of the property assented.                              

 

All the disbursements above include VAT 

 

Basis of Quote:

 

There is a valid will, only one house or real property in the estate, no more than 6 different bank/building society accounts or other financial assets, no disputes or claims on the estate and no inheritance tax to pay and/or a full inland revenue account is not required to be delivered to HMRC.             

 

Work included and key stages:

 

The work to be carried out may vary but as a guide the following steps are likely:

 

Taking full instructions, carrying out money laundering checks, ascertaining the amount and type of the various assets and debts, obtaining a copy of the will and death certificate, notifying the various financial institutions of the death and obtaining full details of the value of the various assets, preparing inland revenue return of estate information and executor’s oath, arranging for this to be signed/sworn by the executors, submitting the papers to the Probate Court, once grant issued submitting copies of the grant to the various institutions, gathering in the various assets and paying any debts, checking the income tax position, advertising for creditors if required and distributing or transferring the net assets to the beneficiaries entitled in accordance with the provisions of the will and preparing simple accounts if required.     

 

Work not included:

 

Any work relating to contested probate, advice on tax or other accounting matters (other than income tax), assets outside the UK or dealing with the sale of a house or other real property in the estate for which a separate charge will be made, any separate trust work arising out of the terms of the will.

 

Time scales:

 

Approximately 4-12 months but this can vary and be longer or shorter depending upon the assets in the estate and requirements of the provisions of the will. 

 

Factors increasing costs:

 

If the matter is unduly protracted or complicated. If there is no will or if the assets include stocks or shareholdings which lead to extra time being taken to deal with such assets.     

 

 

 

 

Qualification of solicitor dealing with the transaction

 

The Principal solicitor of the firm is Alan Firth who has in excess of 40 years legal experience in different areas of law including 14 years recent experience in the area of conveyancing.    

 

 

     

Contact us to arrange a meeting

A D Firth & Co

 

18 Spinners Way
Bollington

SK10 5HE

 

Tel: 01625 261840

E-mail: alan.firth@hotmail.co.uk

 

Or use our contact form.

Print Print | Sitemap
© A D Firth & Co