Peace Legal Pricing

From 6 December 2018, the Solicitors Regulation Authority transparency rules came into force which means we must display prices and service information for work in the following areas: Conveyancing (residential), Probate (uncontested).



Price and Service Information
Residential Conveyancing Transactions

Introduction

As part of our professional rules, we aim to ensure that anyone wishing to use our services has the information they need to make an informed choice of legal services provider, including understanding what the costs may be. To assist our clients, we have set out below an indication of the likely costs involved in conveyancing transactions along with an indication of the timescales.

Legal fees for transactions are calculated based on the information provided and will, amongst other criteria, include:

  • Whether you are a first time buyer
  • Where the property is located
  • Whether you are purchasing in your sole name or jointly with another person
  • Whether the property is a new build
  • Whether the property is freehold or leasehold
  • Whether the property requires a first registration
  • Whether a shared ownership scheme is relevant
  • Whether you are using a help to buy scheme
  • Whether you are purchasing under a right to buy scheme
  • Whether you are purchasing at auction
  • Whether you are buying a property which has been repossessed
  • Whether you have a mortgage or not
  • In purchase cases, whether you are purchasing an additional property i.e. second home or buy to let

Our estimated costs are based around normal conveyancing transactions. If, for reasons of complexity, we have to revise an estimated cost, we would explain the situation and seek to agree this with you as soon as possible.


Purchases

Our Fees

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Please scroll across to view full table  

Value of Property (freehold) Our Fees (excl. VAT) VAT
£0 to £120,000.00 £660.00 £132.00
£120,001.00 to £200,000.00 £710.00 £142.00
£200,001.00 to £300,000.00 £760.00 £152.00
£300,001.00 to £400,000.00 £860.00 £172.00
£400,001.00 to £500,000.00 £1,010.00 £202.00
£500,001.00 to £600,000.00 £1,250.00 £250.00
£600,001.00 to £800,000.00 £2,010.00 £402.00
Above £800,000.00 Please call for quotation

VAT is currently 20%

Additional Fees and Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of some disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Please scroll across to view full table  

Disbursement/Fee Cost (excl. VAT) VAT
Bank Transfer Fee £30.00 £6.00
Faster Payment Fee £15.00 £3.00
Thirdfort ID Check £20.00 £4.00
Land Registry Search (per title) £7.00 -
Bankruptcy Search (per name) £6.00 -
Stamp Duty Submission Form £50.00 £10.00
Search Pack (incl. mining, drainage, local authority and environmental searches) £212.50 £42.50
Mortgage Administration Fee £35.00 £7.00
Solar Panels (from) £75.00 £15.00
Management Company Restrictions and Deed of Covenants £100.00 £20.00
HCA Charge Dealings £150.00 £30.00

HM Land Registry Fees can be found here


Stamp Duty or Land Tax (on Purchase)

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using the HMRC Stamp duty calculator which can be found here

What is not included?

We do not report on structural surveys which are outside our area of expertise

How long will my house purchase take?

For any transaction, the timescales are subject to change depending on when your offer is accepted and factors involved such as:

  • Number of parties in the chain
  • Whether you have a mortgage in place
  • Whether you are buying a new build property

A typical transaction will take between 16-20 weeks. However, if any of the above apply, or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks and additional charges may occur. We will discuss this with you at the earliest opportunity so you always have a clear picture of how long things are likely to take.

Key stages involved

The precise stages involved in the purchase of a residential property vary according to the circumstances.

  • Take your instructions and give you initial advice
  • 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 Transfer (if Leasehold purchase)
  • Advise you on joint ownership (if Leasehold purchase)
  • Obtain pre-completion searches (if Leasehold purchase)
  • 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 Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Our fees assume that:

  • 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
  • This is the 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.

Factors that would typically increase the cost of the service

  • Legal title is defective, or part of the property is unregistered
  • If you discover building regulations or planning permission has not been obtained
  • If crucial documents we have previously requested from the client have not been provided

Sales

Our Fees

We will normally undertake residential conveyancing work on a fixed fee basis as shown below.

Please scroll across to view full table  

Value of Property (freehold) Our Fees (excl. VAT) VAT
£0 to £120,000.00 £610.00 £122.00
£120,001.00 to £200,000.00 £670.00 £134.00
£200,001.00 to £300,000.00 £710.00 £142.00
£300,001.00 to £400,000.00 £860.00 £172.00
£400,001.00 to £500,000.00 £1,060.00 £212.00
£500,001.00 to £600,000.00 £1,160.00 £232.00
£600,001.00 to £800,000.00 £2,010.00 £402.00
Above £800,000.00 Please call for quotation

VAT is currently 20%


What is included?

  • Obtaining mortgage redemption statement and redeeming the mortgage on completion
  • Settling the Estate Agents Invoice on completion

Additional Fees and Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of some disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Please scroll across to view full table  

Disbursement/Fee Cost (excl. VAT) VAT
Office Copies and Title Plan £14.00 -
Bank Transfer Fee £30.00 £6.00
Faster Payment Fee £15.00 £3.00
Thirdfort ID Check £20.00 £4.00

How long will my house sale take?

How long it will take from the offer being accepted until the transaction is completed depends on a number of factors - some of which are outside of our control. The average process takes between 16-20 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you have a first time buyer, it would normally reduce the time taken. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would also apply.

Key stages involved

  • Take instructions and give initial advice
  • Obtain official copies of the Land registry title
  • Supply the protocol documents to be completed by the vendor
  • Draft the contract and collate the documents for the contract pack
  • Send the contract and protocol documents to the buyer's solicitor
  • Forward enquiries raised by the buyer to the client
  • Answer legal enquiries raised by the buyer
  • Obtain redemption statements
  • If required obtain indemnity Insurance quotation
  • Approve the transfer document
  • Obtain agents invoice
  • Draft completion statement and send to client
  • Send the transfer document and contract to client for signature
  • Agree completion date
  • Exchange contracts
  • Obtain agents invoice
  • Complete on sale
  • Redeem mortgage
  • Settle estate agents' invoice
  • Forward property documents to buyer's solicitor
  • Forward completion funds to clients nominated account

Remortgage of a Property

Our fees

Please scroll across to view full table  

Fixed Fee (from) Vat at 20% Total
£500.00 (excl. VAT) £100.00 £600.00 + disbursements (see below)

Additional Fees and Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of some disbursements on your behalf to ensure a smoother process. The disbursements which we anticipate will apply are set out below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the lease from the seller's solicitors.

Please scroll across to view full table  

Disbursement/Fee Cost (excl. VAT) VAT
Bank Transfer Fee £30.00 £6.00
Faster Payment Fee £15.00 £3.00
Thirdfort ID Check £20.00 £4.00
Land Registry Search (per title) £7.00
Bankruptcy Search (per name) £6.00
Search Pack (incl. mining, drainage, local authority and environmental searches) £212.50 £42.50

HM Land Registry Fees can be found here

How long will my remortgage take?

A typical remortgage takes between 6 and 8 weeks, however, it can be longer if there are any complications such as an application being rejected. The process may also take longer if you switch lenders compared with getting a new deal with your current mortgage company.

Key stages involved

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

  • Taking your instructions and giving initial advice based on the information you have provided
  • Requesting the Title Deeds and Redemption Statement
  • Obtaining Official Copies of the Title
  • Checking the Title
  • Checking Official Copies
  • Leasehold properties will require the lease to be checked and enquiries made if relevant
  • Searches
  • Checking the mortgage offer
  • Preparing for completion
  • Requesting final redemption statement
  • Requesting the mortgage advance
  • Completion
  • Registration

Transfer and Remortgage of a Property

Our Fees

Please scroll across to view full table  

Fixed fee (from) Vat at 20% Total
£600.00 (excl. VAT) £120.00 £720.00 + disbursements

Additional Notes

Fees may be charged for transactions that do not proceed unless we have specifically stated otherwise in our initial paperwork to you. However, we always seek to ensure that if a sale or purchase is not completed you are charged on a fair basis to cover the cost of the work undertaken to date and not the full price of the transaction.

On very rare occasions, we have cause to increase the initial quotation for the fees as stated above. This is where are an extraordinary set of circumstances has been involved i.e. particular difficulties with the title to the property or complications arising from the property search results undertaken by the seller or purchase which reveal unforeseen entries which may require further investigation. We would always advise you in advance if such circumstance were likely to give rise to an increase in costs on that basis.


Our Conveyancing Team

For more details about our team members visit our meet the team section.

Shelley Preece - Licensed Conveyancer and is the head of the conveyancing department with many years' experience in all residential conveyancing

Becky Whitwood - Conveyancing Legal Assistant

Maria Beedham - Conveyancing Administrative Assistant

Kelly Wilds - Conveyancing Administrative Assistant

Price and Service Information
Wills and Probate

Introduction

As part of our professional rules, we aim to ensure that anyone wishing to use our services has the information they need to make an informed choice of legal services provider, including understanding what the costs may be.

Obtaining a Grant of Representation and dealing with an administration of an estate can be complicated; it usually takes several months and complex cases can take over a year to ensure everything is done properly. Every estate is different, and so it can be very hard to quantify probate costs.

The work can vary from very straightforward estates with only one or two small value assets and one beneficiary, to complicated estates where there is inheritance tax to pay, multiple beneficiaries and assets held with numerous organisations as well as property and land to sell or transfer. However, to assist our clients, we have set out below an indication of the likely costs involved in probate and administration of estate matters along with an indication of the potential timescales.


Full Estate Administration: Applying for the Grant, Collecting and Distributing the Assets

What the service includes

We will:

  • Provide you with a dedicated and experienced probate solicitor to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application and liaise with all relevant organisations
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a Statement of Truth for you to sign
  • Make the application to the Probate Registry on your behalf
  • Obtain Grant of Probate and office copies
  • Deal with closure of accounts, collect in estate funds and pay any liabilities
  • Prepare a final estate account and distribute the estate to the beneficiaries

Anticipated charges and expenses

As stated earlier, it is difficult to be precise about the anticipated costs as the exact cost will depend on the individual circumstances of the matter. Therefore, we have set out below the estimated costs of a typical, straightforward transaction. For this example we have assumed:

  • There is a valid will
  • The executors are lay executors
  • 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 5 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There is no inheritance tax (IHT) payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Administration of Estates Work is Normally Charged on a Time Spent Basis.

We anticipate that probate matters where we are assisting with the administration of the estate will take between 10 and 20 hours of work at £200 per hour (excl. VAT). We estimate that our fees for this type of matter will be in the region of:

Please scroll across to view full table  

Our fees Vat at 20% Total
£2,000 - £8,000 (excl. VAT) £400 - £1,600 £2,400 - £9,600 + disbursements (see below)

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end and may even exceed the above estimate.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements in addition to the above fees include:

Please scroll across to view full table  

Description Typical Costs
Probate Application Fee £300.00
Office Copies of the Grant of Probate £1.50 per copy
Bankruptcy Search Fee £2 per beneficiary
Section 27 Trustee Act Notice Fee (this protects the Trustees against creditors) £300.00 - £400.00
Thirdfort ID Check £24.00 (inc 20% VAT)
Bank Transfer Fee £36.00 (inc 20% VAT)
Faster Payment Fee £18.00 (inc 20% VAT)

Examples of when there would be potential additional costs (this list is not exhaustive)

  • No valid will
  • Shareholdings (stocks and bonds)
  • Dealing with the sale or transfer of any property
  • Trusts
  • Overseas assets

There are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.

How long will this take?

On average, estates that fall within this range are dealt with within 9-12 months. Should you decide to wait before distributing in case any claims may arise this will increase to between 12-18 months. Typically, obtaining the grant of probate takes 3-6 months. Collecting assets then follows, which can take between 3-6 months. Once this has been done, we can distribute the assets, which normally takes 4-8 weeks. The exact time will depend on the individual circumstances of the matter.


Application for Grant of Probate Only

What the service includes

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. If you are happy to gather together information to establish the value of the estate and deal with the distribution of the estate without our assistance and merely need assistance in applying for the Grant we offer a fixed fee service.

We will:

  • Provide you with a dedicated and experienced probate solicitor to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a Statement of Truth for you to sign
  • Make the application to the Probate Registry on your behalf
  • Obtain the Grant of Probate and securely send copies to you

Anticipated Charges and Expenses

We will normally undertake this work on a fixed fee basis. Our typical costs are shown below:

Please scroll across to view full table  

Fixed fee Vat at 20% Total
£500.00 (excl. VAT) £100.00 £600.00 + disbursements (see below)

The above fees assume that we are instructed to seek Grant of Probate only, that there is no inheritance tax to pay and that the estate does not need to claim any Transferable Nil Rate Band from a predeceasing spouse. It also assumes that all financial information is supplied by the Executor(s).

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. Disbursements in addition to the above fees include:

Please scroll across to view full table  

Description Typical Costs
Probate Application Fee £300.00
Office Copies of the Grant of Probate £1.50 per copy
Thirdfort ID Check £24.00 (inc 20% VAT)

On average, estates that fall within this range are dealt with within 2-3 months. Typically, obtaining the grant of probate takes 6-8 weeks once you have provided the relevant information to us but it can take up to 16 weeks to obtain the Grant.


Wills

Please scroll across to view full table  

Type Costs
Single Person Will From £130.00 (+ £26.00 VAT at 20%)
"Mirror" Wills (married/partners) From £220.00 (+ £44.00 VAT at 20%)
Protective Property Trust Wills (to include dealing with a Notice of Severance) From £400.00 (+ £80.00 VAT at 20%)

Court of Protection

Please scroll across to view full table  

Type Costs
Fixed Fees Set by the Court £950.00 (+ £190.00 VAT at 20%)
Application Fee £408.00
Thirdfort ID Check £20.00 (+£4.00 VAT at 20%)
Medical Assessment Fee From £250.00
Insurance Policy Fee There is no fixed cost as it depends on the individual’s assets
Annual Deputy Assessment Fee From £100.00
Annual Supervision Fee This is dependent on the individual’s assets

Lasting Power of Attorney

Please scroll across to view full table  

Type Costs
Property and Financial Affairs £350.00 (+ £70.00 VAT at 20%)
Health and Welfare £350.00 (+ £70.00 VAT at 20%)
Thirdfort ID Check £20.00 (+£4.00 VAT at 20%)
Separate Registration Fee Payable £82.00 (remission possible depending on income)

If any of the above are home visits - extra charges may incur


Our Wills and Probate Team

For more details about our team members visit our meet the team section.

Ruth Brockett - Who has over 25 year experience, specialises in Wills, Probate, Lasting Powers of Attorney, Trusts and Inheritance Tax.

Paige Booth - Probate and Wills Paralegal

Want to talk to a member of our team today?

Peace Legal Solicitors Call: 01226 341 111