Pricing Guidance

Under the Solicitors Regulation Authority transparency rules we are required to publish information regarding our fees and services.

All work undertaken by this firm is carried out by experienced solicitors and not by unqualified staff. Consequently, we do not aim to be the cheapest. We do however strive to provide high standards and a quality service to all clients on a cost effective basis.

Every matter is different and the following guidance provides estimates of our fees. We cannot give you an accurate estimate of our fees until we have further information from you as to the particular circumstances of your matter. Please therefore contact us to discuss your requirements.

1. Purchase of a freehold residential property

Our fees cover all of the work required to complete the purchase, including dealing with the payment of Land Transaction Tax if the property is in Wales, or Stamp Duty Land Tax if the property is in England, and registration at the Land Registry. **

Our estimated fee is between £550- £3,000 plus vat depending on the purchase price. Our fee can sometimes exceed this amount in certain circumstances. The likely disbursements include:-
• Search fees approximately £250 plus vat where applicable but dependent on the location of the property
• Land Registry search fees approximately £10
• Land Registry registration fees. The amount depends upon the value of the property, minimum £20 and a maximum of £680
• Electronic bank transfer fee and administration fee £30 plus vat
• LMS panel administration fee £10 plus vat. This is payable if your chosen mortgage provider is part of the LMS panel
• Anti-money laundering search fee £6 plus vat per name

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Land Transaction Tax or Stamp Duty Land Tax

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the Welsh Revenue Authority’s website https://beta.gov.wales/welsh-revenue-authority if the property is located in Wales or by using the HMRC’s website https://www.gov.uk/stamp-duty-land-tax if the property is located in England.

2. Purchase of a leasehold residential property

Our fees cover all of the work required to complete the purchase, including dealing with the payment of Land Transaction Tax if the property is in Wales, or Stamp Duty Land Tax if the property is in England, and registration at the Land Registry.**

Our estimated fee is between £650 – £3,000 plus vat depending on the purchase price. Our fees can sometimes exceed this amount in certain circumstances. The likely disbursements will be those outlined above for a purchase of a freehold residential property and the following in addition:

• Notice of transfer fee – this fee if chargeable is as set out in the Lease and is often between £50 and £150 plus vat
• Notice of Charge fee – this fee applies if the property is to be mortgaged. Again this fee is as set out in the Lease and is often between £50 and £150 plus vat
• Deed of Covenant fee – this fee is charged by the Management Company for the property and is often between £150 and £300 plus vat
• Certificate of Compliance fee – this will be as set out in the Lease and is often between £150 and £350 plus vat

You should also be aware that ground rent and service charges are likely to apply throughout your ownership of the property. We will confirm the ground rent and anticipated service charge as soon as we receive this information.

Land Transaction Tax or Stamp Duty Land Tax is also applicable as outlined above for a purchase of a freehold residential property

How long will my property purchase take?

How long it will take from your offer being accepted until you can complete the purchase will depend on a number of factors. The average process takes between 6 to 12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take much longer depending on the build process.

However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer. In such a situation additional charges would apply.

Stages of the purchase

The precise stages involved in the purchase of a residential property vary according to the circumstances. These are the key stages that usually apply:
• Take your instructions and give you initial advice
• Taking proof of your identification
• Check finances are in place to fund purchase and contact lender’s solicitors if needed
• Receive and advise on contract documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer with you
• Send final contract to you for signature
• Draft the Transfer
• Advise you on joint ownership if applicable
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with payment of Land Transaction Tax/Stamp Duty Land Tax
• Deal with application at the Land Registry

3. Sale of a residential property (freehold or leasehold)

Our fees cover all of the work required to complete the sale, including dealing with repaying any existing mortgages and liaising with a Management Company if applicable in a leasehold property sale. **

Our estimated fee is between £550 – £3,000 plus vat depending on the sale price. Our fee can sometimes exceed this amount in certain circumstances. The likely disbursements include:
• Office copies of your title £6 per title
• Anti-money laundering search fee £6 plus vat per name
• Electronic bank transfer fee and administration fee £30 plus vat

Additionally, if the property is leasehold you may have to pay for a management pack from the Management Company, the cost of which varies but are typically between £150 and £300 plus vat.

How long will my property sale take?

How long it will take from you accepting the offer until the sale completes will depend on a number of factors. The average process takes between 6 to 12 weeks.

It can be quicker or slower, depending on the parties in the chain

Stages of the sale

Precise stages involved in the sale of residential property may vary according to the circumstances. These are some of the key stages that usually apply:
• Take instructions and give initial advice
• Taking proof of your identification and details of the property together with any mortgages that relate to the property
• Obtaining and checking proof of your ownership of the property
• Preparing and issuing draft contract
• Arranging for you to complete forms that form part of the pre-contract pack
• Dealing with any enquiries from the purchaser’s solicitor
• Taking you through and obtaining your signature on the contract
• Agreeing completion date with you and the purchaser’s solicitor
• Obtaining details of outstanding sums on any mortgage
• Exchanging contracts
• Obtaining and checking Estate Agent’s invoice with you
• Checking and approving transfer
• Replying to pre completion enquiries
• Completing purchase
• Paying mortgage secured on the property, paying estate agent
• Sending balance monies to you
• Sending Transfer and any other relevant documents to the purchaser’s solicitor

4. Mortgage or re-mortgage of a residential property (already owned property)

Our fees cover all of the work required to complete the mortgage/re-mortgage, including dealing with repaying any existing mortgages**

Our estimated fee is between £300 – £1,500 plus vat depending on the amount borrowed. Our fee can sometimes exceed this amount in certain circumstances. The likely disbursements include:
• Office copies of your title £6 per title
• Anti-money laundering search fee £6 plus vat per name
• Search fees approximately £250 plus vat where applicable but dependent on the location of the property
• Land Registry search fees approximately £10
• Land Registry registration fees. Usually the amount depends upon the sum borrowed, minimum £20 and a maximum of £680
• Electronic bank transfer fee and administration fee £30 plus vat
• LMS Panel administration fee £10 plus vat. This is payable if your chosen mortgage provider is part of the LMS Panel
• Notice of charge fee ( if leasehold) – this is often between £50 and £150 plus vat

** Our fees assume that:
• The above are standard transactions and that no unforeseen matters arise including for example (but not limited to) a defect in the title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
• That in respect of a leasehold property it is an assignment of an existing lease and is not the grant of a new lease
• The transaction is concluded in a timely manner and no unforeseen complications arise
• All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
• No indemnity policies are required. Additional disbursements may apply if indemnity policies are required

5. Probate

We provide below information regarding our fees and services in relation to uncontested Probate matters where all assets are in the UK.

Every estate is different and our fees will reflect the individual circumstances of the matters and its complexity. For example, if there is a Will and one beneficiary and no house (property), our fees will be lower, than if there is no Will and/or multiple beneficiaries, a house and numerous bank accounts and investments

We have set out below our fees for a typical probate scenario but these figures will vary in complex and other probate scenarios. We have also set out the likely disbursements (charges related to your matter that are payable to third parties). Additional disbursements may apply if there is no Will. Occasionally, there can be unforeseen disbursements and/or disbursements can be higher than the figures given.

Our Fees

Our Solicitors will handle the full process of applying for the Grant of Representation (the official document confirming who the Personal Representatives are and their authority to act), collecting and distributing the estate.

The estimate is for estates where:
• There is a valid Will
• There is no more than one property
• There are no more than 5 bank or building society accounts
• There are no other intangible assets
• There are no more than 3 residuary beneficiaries who are all adults and are immediately entitled
• There are no disputes between beneficiaries on division of assets
• There is no inheritance tax payable (and it is an excepted estate which requires the shorter form of account to be submitted to the HMRC)
• There are no reliefs to be applied for from inheritance tax
• There are no claims made against the estate

Our basic fees dependent on the solicitor instructed are charged on an hourly basis ranging from £175 to £230 plus vat and disbursements

Disbursements that usually apply are:
• Settling fee – £15
• Swearing fees – £5 plus £2 per exhibit per Personal Representative
• Probate application fee – £155 plus £0.50 per sealed copy
• Statutory Notices in the London Gazette and local newspapers (to protect the Personal Representative against any unknown creditors and claims) – £150 – £250 plus vat
• Fees payable to Surveyors, Stockbrokers, Jewellers, house clearance companies (for valuation of assets and other services) – fees vary

In addition a value element may be charged as between 0.5% and 1.75% on the gross value of the estate. We do not always charge the value element and we will consider the circumstances of each case in making a decision.

Potential Additional Costs

• If there is no Will or the Estate consists of any shareholdings (stock and bonds) there is likely to be additional costs. These could range significantly depending upon the Estate and how it is to be dealt with. We can give you more accurate estimates once we have more information
• Additional services that are not included in the estimate fee may be required. Should this happen then we will discuss this with you when we become aware that these are likely to be necessary. Examples of additional services include:
a) Selling or transferring property
b) Preparing tax returns
c) Advising on/creating, managing any ongoing Trusts
d) Deeds of Variation (used to vary the terms of a Will or Intestacy)

Relevant factors

Every estate is different and so it is important we consider each individual matter carefully before confirming an estimate. We have set out below some of the factors that we take into consideration once we have further information whereupon we can provide a reliable estimate and confirm whether or not a value element will be charged.
• Whether there is a valid Will
• Who are the Personal Representatives? Can we easily identify them?
• The value of the estate
• Is the estate subject to Inheritance Tax
• Are there any available reliefs for Inheritance Tax (including the Transferable Nil Rate Band, the Residence Nil Rate Band, Agricultural Property Relief and Business Property Relief)?
• The number of bank accounts
• The number of other investments
• The number of beneficiaries (and their ages)
• Whether there are disputes between beneficiaries
• Are there any ongoing Trusts?
• The person in charge of your matter and their hourly charging rate
• The complexity of the administration

Our Services

We set out below some of the services that we anticipate to be included in the administration of an estate:
• Provide you with a solicitor to deal with the administration
• Meeting with you to take your instructions and give initial advice
• Identify whether there is a Will
• Identify the appointed executors or the administrators and the beneficiaries
• Advise the executors or the administrators on their duties and responsibilities
• Ascertain whether the estate is subject to Inheritance Tax
• Determine whether any reliefs from Inheritance Tax should be applied for
• Advise you on the type of Probate application you will require and the process
• Complete the probate application and HMRC forms
• Draft the legal Oath
• Make the application to the Probate Court on your behalf
• Arrange the payment of Inheritance Tax from the estate
• Obtain Probate
• Collect in and distribute all assets in the estate

How long will your matter take?

This is difficult to estimate without knowing more about an individual Estate. On average Estates that are not subject to Inheritance Tax are concluded within 3 to 12 months. Obtaining a Grant of Representation takes 6-20 weeks. Collecting the assets can take between 4-8 weeks (if there is no house or other land or property). Finally distributing the Estate can take up to a further 3 months.

Should Inheritance Tax be payable and/or additional work be necessary such as dealing with complex issues and additional services, then the above timescales are likely to be varied.

Who will be dealing with your matter?

Your matter will be dealt with by Ieuan Ellis Owen, Megan M Thomas, Manon Wyn Roberts or Eurliw H. Williams – click on the Solicitors link on our website for full details of each solicitor