We provide a dedicated fee earner to every property client. On a standard conveyancing transaction our costs will typically be in the region of £700.00 – £2,500.00 plus VAT and disbursements.
Our charges are based on the time spent on the matter but as the majority of our work is in residential property we are normally able to provide a fixed estimate.
The fee given includes all attendances and correspondence with you. Dealing with estate agents (if any), issuing of contracts, dealing with enquiries raised by the buyers and their solicitors, dealing with any mortgage company and redeeming the mortgage upon completion (if applicable), dealing with the transfer documents, replies to requisitions and effecting exchange/completion and all associated documentation.
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 mortgage offer/instructions, reporting on the same, arranging your signature with advice on the contract, transfer and 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).
Please see the link for a guide to the process of the transaction: https://www.lawsociety.org.uk/for-the-public/common-legal-issues/buying-a-home/
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.
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 plus VAT and disbursements for an application for a Grant of Probate or Letters of Administration only. If you wish Hassall Law Limited to deal with the whole of the estate administration then, where there is a Will, we normally charge on a time spent basis.
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/
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:
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);
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;
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 to £160 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;
11. Distributing estate in accordance with the Will; 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 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.