01548 854 878 enquiries@hassall.law

Price Transparency

Residential Conveyancing

We provide a dedicated fee earner to every property client. On a standard conveyancing transaction our costs will typically be in the region of £795.00 – £2,500.00 plus VAT and disbursements shown below. 

Our charges are based upon the time spent on the transaction but as the majority of our work is in residential property we are normally able to provide a fixed estimate on the basis of ¼ of a percentage of the purchase/sale price subject to a minimum fee of £795.00 plus Vat and any additional charges as set out below. 

Additional Charges on a Residential Sale

Bank Transfer Administration Fee – £25.00 plus Vat (we do not charge for BACS payments)
Leasehold Property – £150.00 plus Vat
Arranging for Statutory Declarations and Indemnity Insurance – £100.00 plus Vat
Second Mortgage or Help to Buy Loan – £100.00 plus Vat

Additional Charges on a Residential Purchase

Bank Transfer Administration Fee – £25.00 plus Vat (we do not charge for BACS payments)
Leasehold Property – £150.00 plus Vat
Newbuild Property purchased from developer – £250.00 plus Vat
Second Mortgage or Help to Buy Loan – £150.00 plus Vat 

Additional Disbursements on a Residential Sale not included in our Fee 

Land Registry Official Copy Entries for Register and Plan – £6.00
Land Registry Official Copy Documents – £3.00 each
Management packs are sometimes required when selling a leasehold property or a property on an estate.  These range from £300.00 – £500.00
Indemnity Insurance Policy if required – price dependent upon value and nature of risk

Additional Disbursements on a Residential Purchase not included in our Fee 

Land Registry Search Fees – £3.00 per Title
Land Registry Bankruptcy Search Fee – £2.00 per person
Land Registry Registration Fee – See link https://landregistry.data.gov.uk/fees-calculator.html
Indemnity Insurance Policy if required – price dependent upon value and nature of risk
Lawyer Checker – £12.00 plus Vat
Stamp Duty Land Tax – See link https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
Search Fees (inc, Local, Water and Drainage, Environmental) – £300.00 average
Notice of Assignment (Leasehold) – £125.00 on average charged by management companies 

Services Included and Timescales Associated with Sale Transactions

The fee given includes all attendances and correspondence with you. Dealing with estate agents (if any), issuing of contracts, preparing Fittings and Contents List and Property Information Forms, dealing with enquiries raised by the buyers and their solicitors, dealing with any sole mortgage company and redeeming the sole mortgage upon completion (if applicable), dealing with the transfer documents, replies to requisitions and effecting exchange/completion and all associated documentation.

Services Included and Timescales Associated with Purchase Transactions

Includes all correspondence with you, all telephone calls and attendances with during the transaction, dealing with the sellers’ solicitors, raising enquiries, considering replies to enquiries, raising searches, checking search replies, providing you with copies of the searches and replies to enquiries and any comments on the same, reporting to you and dealing with any sole mortgage offer/instructions, reporting on the same, arranging your signature with advice on the contract, transfer and sole mortgage effecting exchange, dealing with post-exchange work, including pre-completion searches, dealing with completion, and dealing with land registration matters and advising you of registration and Stamp Duty Land Tax (Subject to a fee).

Time Frame

A usual Conveyance will take approximately six to eight weeks from initial instructions and receipt of contract papers to completion.  As with many transactions there are various dependants, i.e. mortgage involvement, if the property is leasehold, if there is a chain etc., we therefore cannot guarantee an exact time frame however we will keep you updated along the course of the transaction by copying you into correspondence.

Our fee assumes that:

a. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction

b. this is the assignment of an existing lease and is not the grant of a new lease

c. the transaction is concluded in a timely manner and no unforeseen complication arise

d. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;

e. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Please see the attached document setting out key stages and timeframes. 

Please feel free to contact us for an estimate of the likely costs to include the work outlined above and tailored to your exact requirements.

David Hassall – Solicitor of the Courts of England and Wales – admitted November 1982 – £350.00 + VAT. David has expertise in a range of property areas including Freehold and Leasehold Property purchases and sales, as well as Re-mortgages. As well as commercial property and planning issues.

Sarah Ready – Chartered Legal Executive.  Qualified January 2004 – £150.00 plus VAT.  Sarah specialises in residential conveyancing, and first started her property law career over three decades ago. She has in-depth experience of domestic residential transactions and has acted for a wide variety of high net worth individuals in the sale and purchase of both freehold and leasehold properties.

Hassall Law Limited do not pay referral fees or charge hidden extras. If monies have to be electronically transferred to arrive on the same day as cleared funds there is a charge of £25.00 plus VAT and all client instructions will require anti money laundering checks at £6.00 per person.

All of the above prices are subject to the rate of VAT that is charged, which is currently 20%.  All of the above prices and VAT are subject to change at short notice.

Probate (uncontested)

Dependant on how involved you wish our private client department to be in the administration of the estate we typically charge between £1,000.00 – £2,500.00 plus VAT and disbursements for an application for a Grant of Probate or Letters of Administration only.  This includes drafting the Oath and relevant inheritance tax forms for submission to HMRC from the figures you provide to us.  If you wish Hassall Law Limited to deal with the whole of the estate administration then we normally charge on a time spent basis.

For estates where the value is below the current inheritance tax nil rate band and for estates under £1,000,000.00 with the full transferable nil rate bands and residential nil rate bands available, our fees can average between £2,000.00 to £5,000.00 to include closure/transfer of bank accounts, shares, payment of legacies and transfer of property.  Depending on the number of assets this takes around three to six months (2019 – 2020 Probate Registry had a working time to process applications of up to three months).

For complicated estates where there is inheritance tax, income tax and potentially capital gains tax, agricultural/business reliefs our fees can average between £5,000.00 to £10,000.00 as these estates are subject to higher HMRC involvement along with a greater degree of correspondence and paperwork generally.  

Please see the link for a guide to the process of the transaction: https://www.lawsociety.org.uk/for-the-public/common-legal-issues/probate/.  A simple estate with no inheritance tax payable can often be wound up within six months, often much quicker depending on the number and type of assets.  For instance, foreign property/offshore investments may require equivalent applications for probate in the country where assets are held.  Estates with inheritance tax payable may take between six and eighteen months. 

Our charges are calculated:

Firstly by reference to the amount of time we spend on a matter and we record our time contemporaneously with the work we do.  This will include meetings with you and others, reading and working on papers, correspondence including emails, preparation of any detailed costs calculations, and time spent travelling and waiting.  From time to time we may arrange for some of this work to be carried out by persons not directly employed by us.  Such work will be charged to you at hourly rates not exceeding those set out below.

It is important that you understand that each time you communicate with us either by telephone or letter, you will be charged.  We are required to record your communications on our file and for that reason a charge is normally made for most calls which we receive.  There will, of course, be some calls for which you may not be charged, for example, if you telephone to cancel or change an appointment, to confirm receipt of papers, or if you call and the person dealing with your case is not available.  However, generally all calls to the fee earner will be charged. The charge will exclude time spent on “introductions”.

Secondly by reference to the gross pre-tax value of the estate and such law as may be involved to a maximum of 1.5%.  It is always difficult to estimate how much time will be required to wind up an estate, as this depends to a considerable extent on the complexity and range of the assets and debts and the amount of assistance beneficiaries request of us, but we will provide as accurate an estimate as we can, and update it if it appears that it is likely to be substantially exceeded any work undertaken includes the following:

Key Steps and Matters Included in our probate fees

1. Discussing the deceased’s will and the estate administration;

2. Writing to financial institutions and to arrange a valuation for land owned by the deceased (additional disbursement based on individual circumstances and valuers instructed); (six weeks-longer if accountants and other professional valuations are required) 

3. Place s27 Trustee Act Notices in the London Gazette and Local Circulation (if instructed to do so at an approximate additional disbursement cost of £300.00);

4. Contacting Beneficiary and, obtain their identification, bank details and check their bankruptcy status (where appropriate);

5. Prepare the inheritance tax return (IHT205/ IHT400) HM Revenue and Customs (HMRC), explaining to the Personal Representatives and calculating inheritance tax. Arranging direct payment from deceased account to HMRC;  (six to eight weeks) 

6. Drafting oath for grant of representation (additional disbursement cost approximate £7.00 per person);

7. Preparing all account closure and withdrawal forms ready for the Personal Representatives to sign;

8. Submit papers to HMRC and Probate Registry with the court fee (£155.00 to £160.00 additional disbursement) to apply for the Grant of Probate to the estate of the deceased (the Grant) and forward to Personal Representatives once issued;

9. Negotiations with district valuers office (if required);

10. Closing accounts, requesting statements and tax deduction certificates (depending on HMRC and Probate Registry delay – 2 weeks after the grant of probate); 

11. Distributing estate in accordance with the Will (2 weeks after assets realised- interim distributions made pending HMRC clearance, see 9); and

12. Preparing estate accounts; and

13. Considering merits of preparing a deed of variation for inheritance tax planning (if deed is required approximate cost £750.00 – £1,000.00 plus VAT).

Please feel free to contact us for an estimate of the likely costs to include the work outlined above and tailored to your exact requirements.

David Hassall – Solicitor of the Courts of England and Wales – admitted November 1982 – £350.00 + VAT. David has expertise in a range of property areas including Freehold and Leasehold Property purchases and sales, as well as Re-mortgages. As well as commercial property and planning issues.

Peter Norris – Solicitor of the Courts of England and Wales – admitted May 2003 and Society of Trust and Estate Practitioner Member – £250.00 + VAT. Peter solely specialises in succession planning and private client matters, including Wills, Powers of Attorney, administration of Estates and Inheritance Tax Planning.

Hassall Law Limited do not pay referral fees or charge hidden extras. If monies have to be electronically transferred to arrive on the same day as cleared funds there is a charge of £25.00 plus VAT and all client instructions will require anti money laundering checks at £6.00 per person.

All of the above prices are subject to the rate of VAT that is charged, which is currently 20%.  All of the above prices and VAT are subject to change at short notice.

Share This