Pricing
The areas of law in which we specialize are property, commercial, corporate, commercial property and commercial disputes.
Commercial:
Within commercial transactions there are numerous variations and complexities with the result that meaningful price guidelines are difficult to achieve. You are welcome to email your enquiry or to ‘phone us for an initial free chat in which we can seek to establish your objectives and then provide you with an initial costs quotation. You will be pleasantly surprised. Any quotation provided is underpinned by our professional duty only to charge what is fair and reasonable in the circumstances of your particular transaction. Our charges are based on our hourly rates (see below).
Conveyancing/Property:
Within conveyancing transactions, the costs in a typical purchase transaction for a property costing up to £400,000 will be £1,000 plus VAT and disbursements. Disbursements include Land Registry fees (£150 online), stamp duty (£5k, £10k or £22k respectively depending on whether you are a first time buyer, a mover or an additional/buy to let home buyer), search fees (£300 - 350), bank charges (variable and to be confirmed) and sundries (likewise). Land Registry fees and stamp duty are linked to the price of the property whereas searches and other disbursements are not. The global figure for this conveyance including VAT and all disbursements EXCLUDING stamp duty is £1500 - £2,000.
To check your stamp duty liability use the gov.uk online SDLT calculator and answer the questions to get a calculation.
N.B. Leasehold transactions may incur additional fees. These will be confirmed in writing.
For properties costing more than £400,000 there are likely to be higher costs which will be determined by the complexity of the transaction. Again; you will receive a formal written quotation once we know the details.
We will always ensure that any quotation is submitted to you in writing.
Services Included:
Taking your instructions; establishing your objectives and desired outcome; preparing and implementing any required documentation; instigating any necessary searches, enquiries and due diligence; keeping you advised and reporting to you at key stages of your case or transaction.
Where it is necessary to effect completion of a transaction, we will make all the necessary arrangements including; collecting in and remitting any completion funds; paying any stamp duty or registration fees from the funds provided by you.
If instructed by you and provided you place sufficient funds with us, we will pay other professionals and service providers including estate agents.
We do not undertake property surveys or valuations nor do we undertake Energy Performance assessments or floor plans.
Our Solicitors:
Edmund (31 PQE) charges an hourly rate of £300.
Laura (11 PQE) charges an hourly rate of £250.
These rates are in keeping with the national guidelines.
VAT:
VAT at 20% is chargeable on our fees and some disbursements.