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Applying for the Grant, collecting and distributing the assets (where there is an Inheritance tax return, IHT205 required)

Total cost estimate £800.00 to £1,600.00 excluding VAT. We anticipate this will take between 4 and 8 hours’ work at £200.00 per hour.

This estimate is to provide an indication of our fees. Costs will vary depending on the size of the estate. 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. However, until the extent of the assets and liabilities of the estate are known it is difficult to estimate our costs.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 3 bank or building society accounts
  • There are no other intangible assets
  • There are 2- 4 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 payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Disbursements

In addition to our fee the following disbursements are payable: (these are fees related to your transaction that are payable to third parties. We handle the payment of disbursements on your behalf to ensure a smoother process)

  • Probate application fee of £155.00 plus £0.50 for a certified copy of the grant. (Typically certified copies will be sufficient)
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £83.40 post in The London Gazette – Protects against unexpected claims from unknown creditors
  • Approximately £120.00 post in a Local Newspaper – This also helps to protect against unexpected claims

Potential additional costs

  • If there is no will or the estate consists of any share holdings (stocks and bonds) or an interest in a business there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We will provide a more accurate quote once we have more information
  • Dealing with any liabilities of the estate. We will provide a more accurate quote once we have more information.
  • Preparation of tax returns
  • Disputes between executors and/or beneficiaries
  • Complex or specific issues relating to the estate
  • Estates where there are foreign assets
  • Dealing with the sale or transfer of any property in the estate is not included

How long will this take?

On average, estates that fall within this range are dealt with within 4 to 6 months. Typically, obtaining the grant of probate takes 4 to 6 weeks. Collecting assets then follows, which can take between 3 to 6 weeks. Once this has been done, we can distribute the assets, which normally take 6 to 8 weeks.

 

Applying for the Grant of Probate only (where an Inheritance tax return, IHT205 is required)

Total costs estimate £500.00 to £700.00 excluding VAT. We anticipate this will take between 2.5 and 3.5 hours’ work at £200.00 per hour.

The exact cost will depend on the individual circumstances of the matter. For example, if there is one Executor and no property, costs will be at the lower end of the range.

This quote is for estates where:

  • There is a valid will
  • The Executor(s) register the death of the deceased and provide us with probate valuations of the assets and liabilities
  • There are no disputes between Executors. If a dispute arises this is likely to lead to an increase in costs
  • There is no inheritance tax payable and the Executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Disbursements included in this fee:

  • Probate application fee of £155.00
  • £7.00 Swearing of the oath (per executor)

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.

Potential additional costs

  • If there appears to be no Will and we need to establish this on your behalf a Will search can be undertake for £114.00 including VAT.
  • Where the estate consists of any share holdings (stocks and bonds) there will be additional costs. We can give you a more accurate quote once we have more information.
  • We will provide a more accurate quote once we have more information.
  • If any additional copies of the grant are required, they will cost £0.50 (1 per asset usually).
  • Dealing with the sale or transfer of any property in the estate is not included.

How long will this take?

On average obtaining the Grant of Probate takes 6 to 12 weeks. Once this has been done, we will advise you so that you can collect in the assets.

Our fees cover all of the work required to complete the re-mortgage of your home.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for re-mortgages is £350.00 plus VAT

Disbursements

These 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.

Fees for H M Land Registry Searches:

Office Copies £6.00

Office Copy of Documents £3.00 per document

Land Registry Search £3.00

Bankruptcy (per name) £2.00

A Local Search may be required by the Mortgage Lender

Fees for Local Searches – The cost of these vary depending on location:

Barrow Borough Council £111.73 (including VAT)

South Lakeland District Council £103.00 (including VAT)

Copeland District Council £132.00 (including VAT)

Outside of these areas, please telephone for a quotation

Telegraphic Transfer Fee: This is the cost of transferring the funds of the transaction electronically:

TT Fee - £18.00 (including VAT) per transfer

 

HM Land Registry Registration Fees:

Where possible online registration is undertaken however there are certain circumstances where a postal application must be made, for example a First Registration

Purchase Price of Property Online Registration Fee Postal Registration Fee
£0 - £100,000 £20.00 £40.00
£100,001 - £200,000 £30.00 £60.00
£200,001 - £500,000 £40.00 £80.00

Factors that would typically increase the cost of our service, but not limited to:

·If the legal title is defective or part of the property is unregistered

·If crucial documents we have requested from you have not been provided

·Where the re-mortgage is to pay off a number of liabilities or where they are linked matrimonial matters.

·If the property is a flat

·Where there are specific conditions in the mortgage offer e.g discharge of liabilities.

How long will my re-mortgage take?

The average process takes between 6-8 weeks but this can vary depending on a number of factors including the mortgage lender used.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Obtain a mortgage redemption statement
  • Review mortgage offer and advise you of the same
  • Undertake specific searches
  • Apply for the mortgage funds
  • Complete the re-mortgage by redeeming any existing mortgage
  • Apply for registration at HMLR
  • Pay any residual funds to you

Our fees cover all of the work required to complete the sale of your home.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for freehold sales are:

PRICE RANGE COST
£0 - £50,000.00 £335.00 plus VAT of £67.00
£50,000.01 – £150,000.00 £385.00 plus VAT of £77.00
£150,000.01 – £250,000.00 £460.00 plus VAT of £92.00
£250,000.01 – £300,000.00 £610.00 plus VAT of £122.00
£300,000.01 – £400,000.00 £710.00 plus VAT of £142.00

Above £400,000.00 please ring for a quotation

Disbursements

These 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.

Fees for H M Land Registry Searches:

Office Copies £6.00

Office Copy of Documents £3.00 per document

Telegraphic Transfer Fee: This is the cost of transferring the funds of the transaction electronically:

TT Fee - £18.00 (including VAT) per transfer


Factors that would typically increase the cost of our service, but not limited to:

·If the legal title is defective or part of the property is unregistered

·If you discover building regulations or planning permission has not been obtained

·Where an indemnity policy is required

·Where the property is sold at auction

·If the property is a flat

·If crucial documents we have requested from you have not been provided

How long will my house sale take?

How long it will take from you accepting an offer to completion of the sale will depend on a number of factors, including whether your buyers are obtaining a mortgage, the number of parties in the chain, whether they are first time buyers etc. The average process takes between 6-8 weeks but this can vary considerable depending on the situation.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Draft contract documents
  • Deal with any enquiries from the buyers solicitor
  • Obtain a mortgage redemption statement
  • Agree completion date (date from which you cease to own the property)
  • Send contract documentation to you for signature
  • Exchange contracts and notify you that this has happened
  • Complete the sale and forward any sale proceeds to you
  • Redeem any outstanding mortgage

Our fees cover all of the work required to complete the sale of your home.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for leasehold sales are:

PRICE RANGE COST
£0 - £50,000.00 £535.00 plus VAT of £67.00
£50,000.01 – £150,000.00 £150,000.00 £585.00 plus VAT of £77.00
£150,000.01 – £250,000.00 £660.00 plus VAT of £92.00
£250,000.01 – £300,000.00 £810.00 plus VAT of £122.00
£300,000.01 – £400,000.00 £910.00 plus VAT of £142.00

Above £400,000.00 please ring for a quotation

Disbursements

These 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.

Fees for H M Land Registry Searches:

Office Copies £6.00

Office Copy of Documents £3.00 per document

Telegraphic Transfer Fee: This is the cost of transferring the funds of the transaction electronically:

TT Fee - £18.00 (including VAT) per transfer


Factors that would typically increase the cost of our service, but not limited to:

·If the legal title is defective or part of the property is unregistered

·If you discover building regulations or planning permission has not been obtained

·Where an indemnity policy is required

·Where the property is sold at auction

·If the property is a flat

·If there is a nonstandard/complicated Lease

·If crucial documents we have requested from you have not been provided

How long will my house sale take?

How long it will take from you accepting an offer to completion of the sale will depend on a number of factors, including whether your buyers are obtaining a mortgage, the number of parties in the chain, whether they are first time buyers etc. The average process takes between 6-8 weeks but this can vary considerable depending on the situation.

Stages of the process

The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Draft contract documents
  • Deal with any enquiries from the buyers solicitor
  • Obtain a mortgage redemption statement
  • Agree completion date (date from which you cease to own the property)
  • Send contract documentation to you for signature
  • Exchange contracts and notify you that this has happened
  • Complete the sale and forward any sale proceeds to you
  • Redeem any outstanding mortgage

 

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.

This estimate is to provide an indication of our fees. However, we would suggest telephoning us on 01229 820297 to discuss your specific circumstance and obtain a free, no obligation quote.

Where there are complex or specific issues relating to your particular transaction further charges may apply and we would require this information before being able to provide a fixed quotation.

Our fixed fee for freehold purchases are:

PRICE RANGE COST
£0 - £50,000.00 £335.00 plus VAT of £67.00
£50,000.01 – £150,000.00 £385.00 plus VAT of £77.00
£150,000.01 – £250,000.00 £460.00 plus VAT of £92.00
£250,000.01 – £300,000.00 £610.00 plus VAT of £122.00
£300,000.01 – £400,000.00 £710.00 plus VAT of £142.00

Above £400,000.00 please ring for a quotation

Disbursements

These 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.

Fees for Local Searches – The cost of these vary depending on location:

Barrow Borough Council £111.73 (including VAT)

South Lakeland District Council £103.00 (including VAT)

Copeland District Council £132.00 (including VAT)

Outside of these areas, please telephone for a quotation

Fees for H M Land Registry Searches:

Land Registry £3.00

Bankruptcy (per name) £2.00

Additional Searches we recommend:

United Utilities Drainage & Water £54.59 ( including VAT)

Environmental £52.80 (including VAT)

The above prices may vary depending on area.

Telegraphic Transfer Fee: This is the cost of transferring the funds of the transaction electronically:

TT Fee - £18.00 (including VAT) per transfer

 

HM Land Registry Registration Fees:

Where possible online registration is undertaken however there are certain circumstances where a postal application must be made, for example a First Registration

Purchase Price of Property Online Registration Fee Postal Registration Fee
£0 - £80,000 £20.00 £40.00
£80,001 - £100,000 £40.00 £80.00
£100,001 - £200,000 £95.00 £190.00
£200,001 - £500,000 £135.00 £270.00
£500,001 - £1,000,000 £270.00 £540.00
£1,000,001 and over £455.00 £910.00

Stamp Duty 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 HMRC's website or if the property is located in Walesby using the Welsh Revenue Authority's website here.

 

Factors that would typically increase the cost of our service, but not limited to:

·If the legal title is defective or part of the property is unregistered

·If you discover building regulations or planning permission has not been obtained

·Where the property is purchased at auction

·If there property is a new build

·If the property is a flat

·If there are multiple purchasers

·Where a gifted deposit is being made

·Where there is a Help to Buy Bonus

·If crucial documents we have requested from you have not been provided

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors, including whether you are obtaining a mortgage, the number of parties in the chain, whether it is a new build etc. The average process takes between 8-10 weeks but this can vary considerably depending on the situation.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • 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
  • 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

 

 

Fixed Fee £400.00 plus VAT of £80.00. Total Fee £480.00

Fee includes:

2 hours attendance/preparation:

·Considering evidence

·Taking your instructions

·Providing advice on likely sentence

 

Attendance and representation at a single hearing at the Magistrates Court

The fee does not include:

· Instruction of any expert witnesses

· Taking statements from any witnesses

· Advice and assistance in relation to a special reasons hearing

· Advice or assistance in relation to any appeal

 

The key stages of your matter are based on the presumption that you have entered a guilty plea and have a date for your hearing.

· Meet with your solicitor to provide instructions on what happened.

· We will consider initial disclosure, and any other evidence and provide advice.

· Arranging to take any witness statements if necessary (this will have an additional cost, £207.00 per hour).

· We will explain the court procedure to you so you know what to expect on the day of your hearing, and the sentencing options available to the court.

· We will conduct any further preparatory work, obtain further instructions from you if necessary and answer any follow up queries you have.

· We cannot provide a timescale of when your hearing will take place, as this depends on the court listing for that day.

· We will attend court on the day and meet with you before going before the court. We anticipate being at court for half a day.

· We will discuss the outcome with you. If advice is required on appeal, this will carry an additional cost.

 

 

Applying for the Grant, collecting and distributing the assets (where there is an Inheritance tax return, IHT400 required)

Total cost estimate £2,000.00 to £3,000.00 excluding VAT. We anticipate this will take between 10 and 15 hours’ work at £200.00 per hour.

This estimate is to provide an indication of our fees. Costs will vary depending on the size of the estate. 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. However, until the extent of the assets and liabilities of the estate are known it is difficult to estimate our costs.

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 3-6 bank or building society accounts
  • There are no other intangible assets
  • There are 2- 4 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 are no claims made against the estate

Disbursements

In addition to our fee the following disbursements are payable: (these are fees related to your transaction that are payable to third parties. We handle the payment of disbursements on your behalf to ensure a smoother process)

  • Probate application fee of £155.00 plus £0.50 for a certified copy of the grant. (Typically certified copies will be sufficient)
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)
  • £83.40 post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • Approximately £120.00 post in a Local Newspaper – This also helps to protect against unexpected claims.

Please note the advertisement fee varies dependent upon the local area where the deceased resided.

 

Potential additional costs

  • If there is no will or the estate consists of any share holdings (stocks and bonds) or an interest in a business, there will 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
  • Dealing with any liabilities of the estate. We will provide a more accurate quote once we have more information
  • Preparation of tax returns
  • Disputes between executors and/or beneficiaries
  • Complex or specific issues relating to the estate
  • Estates where there are foreign assets
  • Dealing with the sale or transfer of any property in the estate is not included

How long will this take?

On average, estates that fall within this range are dealt with within 12 to 18 months. Typically, obtaining the Grant of Probate, once the papers are sworn takes 2 to 3 weeks. Collecting assets then follows, which can take between 4 to 12 weeks. Once this has been done and all liabilities and legacies have been paid, we can distribute the assets, which normally takes 6 to 8 weeks.

Before the assets can be distribute, in cases where clearance is required from HM Revnue & Customs regarding payment of income tax /inheritance tax/capital gains tax, this can on occasions be months before the amount is worked out.