Price and service notice – Residential Property

December 2020

Our charges

We will provide you with a clear and accurate estimate of our charges in writing on application.

We aim to provide complete transparency in respect of the fees we charge.

Please note that an increase may be applied if the number of client meetings, volume of correspondence and telephone calls are excessive.

As a guide only our range of charges for the sale and purchase of standard properties which are registered at the Land Registry, are not listed buildings, have no apparent complex issues and which reflect the risk to the firm, are as follows:

Price of Property Freehold Sale Freehold Purchase Leasehold Sale Leasehold Purchase
£0 – £150,000 £710 – £810 £810 – £910 £830 – £930 £875 – £975
£150,001 –  £200,000 £730 – £830 £830 – £930 £900 – £1000 £930 – £1030
£200,001 – £250,000 £810 – £910 £875 – £975 £925 – £1025 £950 – £1050
£250,001 – £300,000 £830 – £930 £900 – £1000 £950 – £1050 £1000 – £1100
£300,001 – £350,000 £925 – £1025 £1025 – £1150 £1050 – £1150 £1150 – £1250
£350,001 – £400,000 £975 – £1075 £1075 – £1175 £1175 – £1275 £1275 – £1375
£400,001               – £450,000  £1150 – £1250 £1225 – £1325 £1195 – 1295 £1300 – £1400
£450,001 – £500,000 £1200 – £1300 £1350 – £1450 £1225 – £1325 £1450 – £1550
£500,001 – £550,000 £1300 – £1400 £1500 – £1600 £1300 – £1400 £1600 – £1700
£550,001 – £600,000 £1350 – £1450 £1550 – £1650 £1375 – £1475 £1700 – £1800
£600,001 – £650,000 £1400 – £1500 £1600 – £1700 £1400 – £1500 £1800 – £1900
£650,001 – £700,000 £1450 – £1550 £1650 – £1750 £1500 – £1600 £1900 – £2000
£700,000 –  Our fee will normally be no less than 0.25% of the sale price. Please ask for an estimate in writing as our estimate will depend on the nature and complexity of the transaction Our fee will normally be no less than 0.25% of the sale price. Please ask for an estimate in writing as our estimate will depend on the nature and complexity of the transaction  

.

Transfer of Equity
Mortgage secured against the Property No Mortgage secured against the Property
Freehold Leasehold Freehold Leasehold
£650 £750 £450 £550

 

Re-Mortgage
Freehold Leasehold
£495 £595

 

Transfer of Equity and Re-Mortgage
Mortgage secured against the Property No Mortgage secured against the Property
Freehold Leasehold Freehold Leasehold
POA but from £650 POA but from £750 POA but from £450 POA but from £550

 

If a matter or transaction does not reach a conclusion, we reserve the right to charge for the work done, using our normal charging basis as follows:

Our hourly rates are:

  Fee Earner Hourly Rate 
  Solicitor-Advocate (Advocacy & Preparation therefor) £250 – 270
  Partner (Member)

  Senior Solicitors with over 15 years’ experience

£250

£250

 Solicitors, members of CILEX and other fee earners with over 8 years’ experience £240
  Solicitors and members of CILEX 

  Other fee earners with over 4 years’ experience 

£230

£220

  Clerks & Trainee Solicitors £130
  Support Staff £110

 

 This applies even where an estimate has been agreed for the whole matter.

Our charges do not include VAT, which we will add to your bill at the prevailing rate.

Expenses

Even where we have provided an estimate of our charges, we would usually expect to incur certain expenses on your behalf which we will also add to your bill. The amount of expenses can vary and the following is an estimate only:

Sale
Expense Estimated amount VAT chargeable
Land Registry fees £3 – £20 no
Freeholder/Management Company fee £350+ yes 
Indemnity Insurance premium for such things as defective title, missing building regulation documents Premium will depend on risk

 

Purchase
Expense Estimated amount VAT Chargeable
Search pack £300 approx. yes
Land Registry and Bankruptcy searches £10 approx. no
Land Registration fee This varies according to value – see the land Registry’s online calculator at https://www.gov.uk/government/collections/fees-hm-land-registry-guides 
Stamp Duty Land Tax This varies according to value and status – see https://www.gov.uk/government/publications/stamp-duty-land-tax-calculator-service-availability-and-issues/stamp-duty-land-tax-calculator-service-availability-and-issues 
Notification of transfer to 3rd party £50 – £250 yes
Deed of Covenant or certificate of compliance £150 – £350 yes

 

Additional costs

The ‘Estimated total legal costs’ shown above assumes that the property to be sold is registered at the Land Registry with no unusual related issues. Additional amounts may be payable for our charges and/or expenses and some examples are as follows:

Issue Cost
Dealing with unregistered land From £150 + VAT calculated on our hourly rate
New Build From £300 + VAT
Arranging Indemnity Insurance £75 + VAT for each policy
Purchase in the name of a limited company From £100 + VAT + Companies House fees
Help to Buy – additional documentation From £350 + VAT
Property subject to a tenancy From £150 + VAT
Property with solar panels From £250 + VAT
Property with septic tank drainage From £75 + VAT
Lender with separate solicitor or dealing with more than one lender From £100 + VAT
Use of Help to Buy ISA From £75 + VAT
Help to Buy Equity Loan or Shared Ownership From £350 + VAT
Declaration of Trust to reflect contribution of each party From £250 + VAT
Gifted deposit – source of funds check From £50 + VAT
Transfer of Part of Registered Title From £100 + VAT
Statutory Declaration/Statement of Truth From £75 + VAT

Likely timescale and key stages

Completion of property transactions are often dependent on matters beyond our control. For example, a purchase may depend on the issue of a mortgage offer from a lender or the seller’s related purchase. You will be advised of any likely delay by us, your mortgage broker or estate agent. 

Our Terms and Conditions set out details of our complaints procedure.

 


We provide client focussed legal advice and assistance.

Our solicitors strive to deliver the best advice and assistance and an outstanding customer experience.

We serve our customers right the way across Wiltshire and Hampshire with offices in Warminster, Amesbury, Stockbridge and Andover.

Enquire about our services today.

Just a short note to once again express my sincere thanks to you, Sue and the M&U team, for all your help, cooperation and first class professional support. I am most grateful to you all.

Chris Stephenson, Warminster

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