FEE TRANSPARENCY

Conveyancing Fees for Sale, Purchase and Buy to Let

Value Freehold Fees Leasehold Fees
£0 – £175,000 £475 +VAT £575 +VAT
£175,001-  £225,000 £500 +VAT £600 +VAT
£225,001-  £275, 000 £525 +VAT £625 +VAT
£275,001 –  £300,000 £550 +VAT £650 +VAT
£300,001 – £325,000 £575 +VAT £675 +VAT
£325,001 – £350,000 £600 +VAT £700 +VAT
£350,001 – £375,000 £625 +VAT £725 +VAT
£375,001 – £400,000 £650 +VAT £750 +VAT
£400,001 – £425,000 £675 +VAT £775 +VAT
£425,001 – £450,000 £700 +VAT £800 +VAT
£450,001 – £475,000 £725 +VAT £825 +VAT
£475,001 – £500,000 £750 +VAT £850 +VAT
£500,001 – £525,000 £775 +VAT £875 +VAT
£525,001 – £550,000 £800 +VAT £900 +VAT
£550,001 – £575,000 £825 +VAT £925 +VAT
£575,001 – £600,000 £850 +VAT £950 +VAT
£600,001 – £625,000 £875 +VAT £975 +VAT
£625,001 – £650,000 £900 +VAT £1,000 +VAT
£650,001 – £675,000 £925 +VAT £1,025 +VAT
£675,001 – £700,000 £950 +VAT £1,050 +VAT
£700,001 – £725,000 £975 +VAT £1,075 +VAT
£725,001 – £750,000 £1,000 +VAT £1,100 +VAT
£750,001 – £775,000 £1,025 +VAT £1,125 +VAT
£775,001 – £800,000 £1,050 +VAT £1,150 +VAT
£800,001 – £825,000 £1,075 +VAT £1,175 +VAT
£825,001 – £850,000 £1,100 +VAT £1,200 +VAT
£850,001 – £875,000 £1,125 +VAT £1,225 +VAT
£875,001 – £900,000 £1,150 +VAT £1,250 +VAT
£875,001 – £900,000 £1,175 +VAT £1,275 +VAT
£900,001 – £925,000 £1,200 +VAT £1,300 +VAT
£950,001 – £975,000 £1,225 +VAT £1,325 +VAT
£975,001 – £1,000,000 £1,250 +VAT £1,350 +VAT

 “In some cases, we may have a financial agreement with a Referrer who may charge a referral fee. The Referrer must advise you of this and we will always disclose this payment to you in our Terms of Business.”

For New Build Property Freehold or New Build Leasehold

Please email solicitors@gcasolicitors.co.uk and a member of staff will provide a written quotation of fee structures.

 

Lease Extensions £800 + vat (£160)

£7.80 each for Lease/Freehold titles, £35+VAT bank fees, LR fee £40, OS1 Search £3.90

Re-mortgage – £500 + VAT (£100)

Transfer of Equity –  £500 + VAT (£100)

Re-mortgage and transfer of Equity – £700 + VAT (£140)

Declaration of Trust £350 + VAT (£70)

 

However, if the property transaction needs to be registered at the Land Registry – £400+VAT (£80) + Land Reg fee £40.00

If Shared Ownership only SALES NOT PURCHASES: Fees are the prices above plus £175+ VAT

There is an additional charge for new builds of £250 to £750 plus VAT depending on the volume of documents.

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 HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website here..

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. The average process takes between 6-12 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing with a mortgage in principle, it could take 6-12 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 6 and 20 weeks. In such, a situation additional charges would apply.

Some of the longer timescales have been estimated because we cannot guarantee the speed of a third party.

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

Disbursements

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

Where leasehold, there are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately 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.

  • HM Land Registry fee: £20-£455 (depending on the value of the property
  • Search fees: £350
  • Electronic money transfer fee: £42

Anticipated Leasehold Disbursements (in addition to the above)

  • Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 plus vat and £300 plus vat
  • Notice of Charge fee (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is the same as above.
  • Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100 plus vat and £250 plus vat.
  • Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 plus vat and £300 plus vat

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

* These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.

* Our fee assumes that:

  1. 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
  2. [if leasehold] this is the assignment of an existing lease and is not the grant of a new lease
  3. the transaction is concluded in a timely manner and no unforeseen complication arise
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Probate

Applying for the grant, collecting and distributing the assets

We anticipate this will take between 6 and 12 hours work at £150 to £250 per hour depending on the member of staff undertaking your work. Total costs estimated at between £900 and £3000 (+VAT). We may also charge a percentage of the estate. This will be determined at the outset of the matter and will be based on where the assets are located, the complexity of the Inheritance Tax Liability or if there are considerable of assets.

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.

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 5 bank or building society accounts
  • There are no other intangible assets
  • There are 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 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)
  • Bankruptcy-only Land Charges Department searches (£3.90 per beneficiary)
  • £62.15 plus VAT Post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £185.00 plus VAT Post in a Local Newspaper – This also helps to protect against unexpected claims.

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 is no will or the estate consists of any share holdings (stocks and bonds) there is 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.
  • If any additional copies of the grant are required, they will cost 50p each (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, estates that fall within this range are dealt with within 6 to 12 months. Typically, obtaining the grant of probate takes 8 to 12 weeks. Collecting assets then follows, which can take between 4 to 6 weeks. Once this has been done, we can distribute the assets, which normally takes 4 to 6 weeks.

Employment Tribunals

Our pricing for bringing and defending claims for unfair or wrongful dismissal

Simple case: £5,000 to £10,000 (excluding VAT)

Medium complexity case: £10,000 to £15,000 (excluding VAT)

High complexity case: £15,000 to £25,000 (excluding VAT)

Factors that could make a case more complex:

  • If it is necessary to make or defend applications to amend claims or to provide further information about an existing claim
  • Defending claims that are brought by litigants in person
  • Making or defending a costs application
  • Complex preliminary issues such as whether the claimant is disabled (if this is not agreed by the parties)
  • The number of witnesses and documents
  • If it is an automatic unfair dismissal claim e.g. if you are dismissed after blowing the whistle on your employer
  • Allegations of discrimination which are linked to the dismissal

There will be an additional charge for attending a Tribunal Hearing of £1,200 to £1,500 per day (excluding VAT).

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.

Counsel’s fees estimated between £1,500 to £5,000 per day (depending on experience of the advocate) for attending a Tribunal Hearing (including preparation)

Key stages

The fees set out above cover all of the work in relation to the following key stages of a claim:

  • Taking your initial instructions, reviewing the papers and advising you on merits and likely compensation (this is likely to be revisited throughout the matter and subject to change)
  • Entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached;
  • Preparing claim or response
  • Reviewing and advising on claim or response from other party
  • Exploring settlement and negotiating settlement throughout the process
  • preparing or considering a schedule of loss
  • Preparing for (and attending) a Preliminary Hearing
  • Exchanging documents with the other party and agreeing a bundle of documents
  • Taking witness statements, drafting statements and agreeing their content with witnesses
  • preparing bundle of documents
  • Reviewing and advising on the other party’s witness statements
  • agreeing a list of issues, a chronology and/or cast list
  • Preparation and attendance at Final Hearing, including instructions to Counsel

The stages set out above are an indication and if some of stages above are not required, the fee will be reduced. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. This can also be arranged on your individual needs.

How long will my matter take?

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved. If a settlement is reached during pre-claim conciliation, your case is likely to take 3 to 6 months. If your claim proceeds to a Final Hearing, your case is likely to take 6 to 12 months. This is just an estimate and we will of course be able to give you a more accurate timescale once we have more information and as the matter progresses.

GCA Solicitors

GCA Solicitors has the expertise, knowledge and depth of experience to help you achieve the outcome you seek. Whether it is for family matters such as divorce or separation, domestic violence, children, wills trusts, commercial law and conveyancing we have the expertise to get a satisfactory resolution.

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