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Residential Property

What costs could I be looking at?

Legal Fees

We have set out below an indicative fee table in respect of sales and purchases.

Transaction ValueFreeholdLeaseholdMortgagee's Solicitors fee*
Up to £249,999 £1,250 £1,500 £200
£250,000 to £499,999 £1,400 £1,650 £250
£500,000 to £749,999 £1,550 £1,800 £300
£750,000 to £999,999 £1,700 £1,950 £350
£1,000,000 to £1,499,999 £2,000 £2,250 £400
£1,500,000 to £1,999,999 £2,300 £2,600 £450
£2,000,000 and above 0.2% of Transaction Value 0.2% of Transaction Value + £250 £500

VAT will be payable in addition to the fee quoted above.

*If the property is being purchased in conjunction with a mortgage, then a fee is payable for acting for the mortgagees in securing the mortgage. If a mortgage is not being obtained, then this fee is not payable.

There is a handling charge of £30+VAT for each telegraphic transfer and £10+VAT for each online identification check carried out against international clients.

Our fee quote will increase in the following circumstances:-

  • where a transaction involves a bridging loan or other form of non-standard financing
  • new build or off-plan purchases
  • grants of new lease
  • where the legal title is defective
  • where the property is unregistered in part or in full
  • where the matter becomes protracted and unforeseen complication arise
  • urgent transactions requiring urgent exchange of contracts and/or completion
  • one or more parties to the transaction are not co-operative and there is unreasonable delay from third parties providing documentation
  • other circumstances unforeseen when the quote is provided to you

Mortgages or remortgages

FreeholdLeaseholdNew Build
0.25% of loan amount* 0.3% of loan amount* 0.35% of loan amount*

VAT will be payable in addition to the fee quoted above.

*Our fee will be at a minimum of £900 plus VAT.

There is a handling charge of £30+VAT for each telegraphic transfer and £10+VAT for each online identification check carried out against international clients.

Where the borrower is a company and a personal guarantee is required, there will be an additional charge of £250 plus VAT.

Where the borrower is a foreign company, there will be an additional charge of £150 plus VAT

Who would carry out the work and what level of experience and qualifications do they have?

Your matter will be handled by a qualified solicitor who may receive assistance from paralegals within our department. The profiles of our team members may be accessed through the links on this page.

Regardless of who works on your matter, they will be supervised by Jude Fletcher, Senior Partner and Head of Residential Property.

What sort of disbursements would I need to pay for, and what would the likely cost of these be, and do they include VAT?

We are able to estimate the following disbursements on a purchase transaction:-

  • Online identification check: This is chargeable for international clients only and typically costs between £30 - £50 plus VAT per check.
  • Property search fees (approx.): £300 plus VAT
  • Land Registry registration fees: This depends on the type of transaction and the purchase price of your property. Further information can be obtained from the Land Registry website (https://www.gov.uk/guidance/hm-land-registry-registration-services-fees). This does not attract VAT.
  • Stamp Duty Land Tax: This depends on the type of transaction, the purchase price of your property and also your personal circumstances. You can calculate the amount you will need to pay by using the HMRC’s website (https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro). This does not attract VAT.
  • Landlord’s notice fee(s): This is payable whether the property being purchased is leasehold and the amount (and any VAT) payable will depend on what is required by the landlord or their agents.
  • Priority search fee: £3 per title
  • Bankruptcy search fee: £2 per name

We are able to estimate the following disbursements on a sale transaction:-

  • Online identification check: This is chargeable for international clients only and typically costs between £30 - £50 plus VAT
  • Land Registry official copies (approx.): This depends on the number of documents revealed in the title of the property you are selling but will typically incur a cost of £6 - £12.This does not attract VAT.
  • Leasehold management pack: This is only required where the transaction is leasehold and the amount (and any VAT) payable will depend on what is required by the landlord or their agents.

Please note that unexpected disbursements may be required during the course of a transaction (eg. indemnity insurance, additional searches, etc.).

What services are included in the price and likely timescales for key stages?

Our fees cover all of the work required to complete the purchase of a new property, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax.

A sale or purchase transaction could take between 4 – 12 weeks on average depending on a number of factors.

Key stages in a transaction also vary according to the circumstances. A brief guide is available below which sets out the main milestones.


Immigration

What costs could I be looking at?

Costs for the Investor visa will range from £7,500 to £15,000, the Entrepreneur visa will range from £5,000 - £10,000, Tier 2 Sponsor license applications will range from £2,000 - £5,000, Tier 2 visa applications will range from £1,000 - £2,000, British Citizenship applications will range from £1,000 - £2,500 and EEA Permanent Residency applications are £1,000 - £2,000; Spouse visa applications will range from £1,750 - £4,000.

What would this include and are there any hourly rates applicable?

Fixed fees are charged and agreed before any work is carried out and will be set depending on the complexities/merits of the individual case. In the even that work is started and not completed an hourly rate of the fee earner involved will be charged. Depending on seniority hourly rates range from £375 at Partner level until £150 at Paralegal level.

Who would carry out the work and what level of experience and qualifications do they have?

Sam Meymand (Partner & Head of Business Immigration); Yan Hui (Associate Solicitor); Ronak Bastani (Solicitor)

What sort of disbursements would I need to pay for, and what would the likely cost of these be, and do they include VAT?

All legal fees attract VAT. Some clients who are based outside of the European Union may not be required to pay VAT and we will explain this before taking instructions. Disbursements do not incur VAT. Typical disbursements are government application fees for the visa/sponsor license; immigration health surcharge fees and any additional visa services that may be required which vary depending on where the applicants are applying from and what visa they are applying for (priority service fee and walk in service fee etc). Before any work is carried out a full list of the likely disbursements on an individual matter will be sent to the client.

What services are included in the price and likely timescales for key stages?

For all applications our services include advice on all documentation required for submission, representation by way of a covering letter detailing the legal reasons why the application is valid; assistance with completing application forms; providing advice should there be any need for an interview/site visit during the visa process. We cannot guarantee the success of the application in circumstances where a site visit/interview are conducted as this is out of our control. Our service ends once a valid application is submitted and does not include any possible administrative review or judicial review that may be required in certain circumstances. Timescales depend on the individual application and the workload of the Home Office caseworkers. In general 90% of applications for British Citizenship and permanent residence are deal with within 6 months. For visa applications from outside of the UK 90% of applications are deal with within 3 weeks with the exception of settlement applications to join family in the UK which take up to 12 weeks for 90% of applications.


Employment

What costs could I be looking at?

Due to the variables, there is no way to provide a total cost for an Employment Tribunal Claim or the Defence of an Employment Tribunal Claim (for Unfair Dismissal and/or Wrongful Dismissal), however the costs are likely to range (for a Claim) from £7.5 - £20k, and (For a Defence) from £12.5k – £20k. This would be on the basis of a 1 day hearing, with a maximum of 2-3 witnesses (total, both parties) and would cover provision of the following services:

  • ET1 Particulars of Claim / ET3 Grounds of Resistance preparation
  • Pre Hearing Review (agenda, agreed List of Issues and attendance at the PHR of 1-2 hours);
  • Disclosure
  • Witness Statements
  • Final Hearing (preparation for and attendance)

What would this include and are there any hourly rates applicable?

Charges are usually assessed on the hourly rate of the fee- earner concerned, which for this Employment team are as follows:

  • Partners: £375 – £450
  • Solicitors: £200 - £350
  • Paralegals: £100 - £175

The Employment Team will consider undertaking claims on a CFA basis, subject to a full assessment of the claim. They will also seek to undertake sections of work on a fixed fee basis, to assist their client with costs,wherever possible and appropriate.

Who would carry out the work and what level of experience and qualifications do they have?

What sort of disbursements would I need to pay for, and what would the likely cost of these be, and do they include VAT?

The main disbursements when undertaking an Employment Tribunal claim will be for Counsels fees and/or Bulk copying/bundling charges:

  • (a) Counsels’ fees will depend on the level of barrister (which is determined usually on the complexity of the case); their hourly rates can range from £150 p/hour plus VAT for a junior to £750 p/hour plus VAT for a senior QC.

(For example, a final hearing brief fee (being preparation for and attendance at a 1 day final hearing) for a barrister of circa 10 years’ experience would likely be £2,500 – £3,500 plus VAT)

  • (b) Bulk copying (bundles and significant copying) will usually be charged at 0.04p per page for black and white or 0.05p for colour as a minimum charge.

Counsels fees will attract VAT (as will this Firms fees)

What services are included in the price and likely timescales for key stages?

The likely timescales for the various stages in an Employment Tribunal Claim will depend largely on the resources of the Tribunal at which the claim is lodged. As an Unfair Dismissal claim and/or a Wrongful dismissal claim can be heard by an Employment Judge sitting alone, they tend to move faster through the Tribunal’s internal systems and can often be dealt with in 3 - 6 months (from lodging claim to final hearing), but this can vary significantly from Tribunal to Tribunal. Time scales can also depend somewhat on the complexity of the case.


Private Client

What costs could I be looking at?

Range of typical costs (for non-contentious probate matters):

  • Stage 1, up to obtaining the Grant of Probate/Letters of Administration £1,500 - £5,000 plus VAT
  • Stage 2, for administering the Estate £1,500 - £5,000 plus VAT

What would this include and are there any hourly rates applicable?

Hourly rates are:

  • Partner: £375 plus VAT
  • Solicitor: £275 plus VAT
  • Paralegal: £150 plus VAT

Who would carry out the work and what level of experience and qualifications do they have?

  • Elena Tzialli TEP, Partner, Head of Private Client
  • Jo Alexander, Paralegal

What sort of disbursements would I need to pay for, and what would the likely cost of these be, and do they include VAT?

  • Probate Registry application fee: £155 plus £0.50 for each additional copy of the Grant
  • Office Copy entries for properties owned by the deceased: £3
  • Obtaining copy Death Certificates: £9.25

Our fees do attract VAT but the noted disbursements above do not.

What services are included in the price and likely timescales for key stages?

For non-contentious probate matters:

Stage 1: up to obtaining Grant of Probate: approximately 3 – 6 months

This stage includes (but is not limited to):

  • collating estate information – writing to all financial institutions i.e. banks, pension providers, etc
  • preparation of HMRC tax account – either the simple form (IHT205 or IHT207) or the more detailed form (IHT400)
  • calculation of inheritance tax, where applicable
  • drafting Executor’s Oath
  • submission of all papers to the Probate Registry

Stage 2: from Grant to end of Estate administration: approximately 3 – 6 months

This stage includes (but is not limited to):

  • collecting in estate assets i.e. closing bank accounts, selling shares etc.
  • payment of legacies to beneficiaries, where applicable
  • submission of inheritance tax corrective account, where applicable
  • obtaining tax deduction certificates from financial institutions
  • completion and submission of deceased’s final Self-Assessment Tax Return
  • completion of Estate Accounts for signing off by Estate Executors


Licensing

What costs could I be looking at?

Licensing applications (involving no negotiations with the council or licensing authorities) = £750 + VAT.

What would this include and are there any hourly rates applicable?

Fees for hearings and/or negotiations or extended discussions with the council/authorities would be discussed in advance, depending on the issues. Hourly rate of £300 + VAT. Fixed fee can be agreed.

Who would carry out the work and what level of experience and qualifications do they have?

The work would be carried out by a Partner of 8 yrs + licensing experience, in insolvent and non-insolvent scenarios (includes advising on the sale and purchase of insolvent licensed premises and business) or by a 1 year qualified solicitor who would be supervised by the Partner in charge of the matter.

What sort of disbursements would I need to pay for, and what would the likely cost of these be, and do they include VAT?

Depends on non-domestic rateable value of the premises so between £100 - £635 council fees plus £200 - £350 advertising fees.

Example: fees for hearing before licensing sub-committee estimated at £1,500 - 2,000 + VAT plus Counsel’s fees where appropriate (£2,000 - £3,500 + VAT).

What services are included in the price and likely timescales for key stages?

Discussing needs of client, preparing application and accompanying papers, all usually within 7 days, subject to urgency.