Baker Street:01642 244666
Baker Street, Middlesbrough
Borough Road:01642 252555
Borough Road, Middlesbrough
Guisborough:01287 635151
Market Place, Guisborough
Hartlepool:01429 743300
Venture Court, Hartlepool
Stokesley:01642 712132
10 Bridge Road, Stokesley

Cost Information

Residential Property

Our fees cover all of the work required to complete the sale and or 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 is in Wales. A typical freehold property will likely take between 6-12 weeks to complete, however this will depend entirely on the complexity of your matter and co-operation of third parties.

Freehold Sale Fees

Professional Charges
Sale Price Cost
£0 - £50,000 £395* + £39 Telegraphic Transfer Fee
£50,001 - £100,000 £425* + £39 Telegraphic Transfer Fee
£100,001 - £200,000 £475* + £39 Telegraphic Transfer Fee
£200,001 - £300,000 £495* + £39 Telegraphic Transfer Fee
£300,001 - £500,000 £695* + £39 Telegraphic Transfer Fee
£500,001 - £600,000 £850* + £39 Telegraphic Transfer Fee
£600,001 - £750,000 £1,250* + £39 Telegraphic Transfer Fee
£750,001 - £1,000,000 £2,250* + £39 Telegraphic Transfer Fee

*Costs are EX of VAT at 20%

Freehold Purchase Fees

Professional Charges
Purchase Price Cost
£0 - £50,000 £395* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£50,001 - £100,000 £450* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£100,001 - £200,000 £495* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£200,001 - £300,000 £550* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£300,001 - £500,000 £695* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£500,001 - £600,000 £1,200* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£600,001 - £750,000 £1,500* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT
£750,001 - £1,000,000 £2,500* + £39 Telegraphic Transfer Fee and £25 Admin Fee for SDLT

Our professional charges are based on the following presumptions:

  • The property is currently held under a single freehold title at the Land Registry with no title defects, building regulation or planning issues;
  • You are an individual and are not instructing us to conduct the transaction as a personal representative, executor or a director on behalf of a limited company;
  • One contract is submitted to one purchaser;
  • The purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession;
  • We are instructed by individual persons and not a mortgagee in possession, attorney, executor, personal representative, director or company secretary acting on behalf of a limited company;
  • Completion takes place on the date agreed in the contract;
  • The purchase monies, except for any mortgage advance, are provided by you and there are no gifts, ISA bonuses or contributions from third parties;
  • There is to be no more than one financial charge or restriction to be registered against the property and no more than one mortgage lender whom we are required to act for or provide undertakings to;
  • The mortgage lender is a main stream lender who only requires us to follow instructions which appear in the Council of Mortgage Lenders Handbook, uses a standard mortgage as per IB 3.7 of the SRA Code of conduct 2011 and the certificate of title required by the lender is in the form approved by the Law Society and the Council of Mortgage Lenders;
  • You are not taking part in a contract race and the purchase does not have to be expedited towards exchange because of auction terms or other conditions imposed by either you or the seller;
  • There are no other complicating issues affecting the property such as shared ownership, stair-casing, solar panels, leases of roof space or a loan attaching to the property under the "Green Deal";
  • All Persons are able to attend our office to provide identification documentation and sign the contract, transfer deed, mortgage deed, and any other documents as required in the transaction.
Stamp Duty

This all depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website here: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

If the property you are purchasing is in Wales, you can use the Welsh Revenue Authority's website here: https://beta.gov.wales/land-transaction-tax-calculator

Disbursements

Disbursements are costs relating to your matter that are payable to third parties, such as Land Registry fees, ID checks, search fees, bankruptcy searches and Stamp Duty. We handle the payment of the disbursements on your behalf to ensure a smoother process. Third party disbursements are fees that are not governed by us and will be included in your quotation.

Additional Fees

The professional charges listed will vary from property to property and can on occasion be more than the ranges given above. Some transactions may require more legal work than that which was originally anticipated and included in your estimated quotation. Such additional work and charges will be discussed with you if anything unforeseen arises during the transaction. Additional fees may stem from work required in respect of Help-to-Buy ISA's, Deed of Covenant, Statutory Declaration, Transfers of Equity, New Build Fee and Gifts contributed to the purchase price or any issues which fall outside the list of presumptions, above. In rare cases unexpected developments may make the transaction more complicated than expected and this may entail additional fees.

Additional fees may also arise from third party referrers, whos terms you will have agreed to separately.

The professional charges listed in the table above assumes a single conventional residential freehold transaction. If the property subsequently transpires to be leasehold, we will charge a supplement of £125 plus VAT at 20% to cover the extra legal work involved.

To ensure we can provide you with the most accurate quote, you can complete an instant conveyancing quote online here.

To understand the conveyancing process in more detail, our handy guide breaks down the transaction in to six, easy to follow steps. Download our printable PDF guide here.

Probate

We understand that many people put off the often difficult task of future planning. At Freers Askew Bunting we are committed to ensuring all our clients make the necessary arrangements to ensure their assets and belongings pass to their loved ones. It is inevitable that no two estates will be the same, however the administration of most estates usually takes between 6 to 12 months to complete.

Grant Only Probate Matter

We offer a fixed fee for a Grant Only probate matter if you wish to conduct the administration of the estate yourself, provided that certain criteria are met. The exact cost will depend on the individual circumstance of the matter. We estimate that the professional charges will be £495 plus VAT at 20% and disbursements*. Probate can be granted within 3 months; however, a third party government body deals with this application so time frames are at their discretion.

Full Estate Administration

Further to the above, you may prefer to instruct us to administer the full estate on your behalf which will include obtaining Grant of Representation, locating all assets and liabilities and distributing to beneficiaries. We anticipate that a straightforward estate administration that is not contested, where all of the assets are in the UK and there is a valid will, will likely take between 6-12 months to complete and will be chargeable at an hourly rate (see below). Professional charges will be determined entirely by the amount of time spent dealing with your matter and will be discussed with you in an initial appointment.

Professional Charges

Our hourly rate fees range from £111 - £220 per hour +VAT at 20%, depending on the seniority and experience of the solicitor or legal executive looking after your case. You can find details of our team's experience and qualifications in our Our Team section.

Our charges are likely to be in the region of £1,000 - £3,000 +VAT at 20%. A simple estate, e.g. a freehold property with a few bank accounts and one beneficiary will be approximately £1,000-£1,500 +VAT at 20%. If the estate is more complex e.g. has various bank accounts, investments and shares or has multiple beneficiaries, our fees will be approximately £3,000 +VAT at 20%. All estimated charges are circumstantial and will be discussed with you in your initial appointment.

We understand that not all our clients can make it in to our office and when necessary, we are happy to arrange a home visit. Home visit charges start from £50 +VAT at 20% within a 5-mile radius of our office.

Disbursements

Disbursements are costs relating to your matter that are payable to third parties, such as Court Fees, Land Registry fees, bankruptcy searches, Commissioner of Oath fees and if you require additional copies of the Grant of Representation. We handle the payment of the disbursements on your behalf to ensure a smoother process. Third party disbursements are fees that are not governed by us and will be included in your quotation.

*Disbursements are likely to include:

  • Court Fee: £273
  • Oath Fee: £5-7 per person
  • Bankruptcy Search Fee: £2 per beneficiary
  • Additional copies of the Grant of Representation: £1.50p per copy
  • Land Registry Search Fee: £3

Other disbursements may be required depending on individual circumstances. For more information about our prices and services or to speak to our PriVAT at 20%e Client team direct, then please call 01642 244666.

Contact Us

Baker Street

Freers Askew Bunting Solicitors, 19/25 Baker Street, Middlesbrough, TS1 2LF
01642 244666

Borough Road

Freers Askew Bunting Solicitors, 56-62 Borough Road, Middlesbrough, TS1 2JH
01642 252555

Guisborough

Freers Askew Bunting Solicitors, The Buck, 4 Market Place, Guisborough, TS14 6HF
01287 635151

Hartlepool

Freers Askew Bunting Solicitors, Hub 1, The Innovation Centre, Venture Court, Queens Meadow Business Park, Hartlepool TS25 5TG
01429 743300

Stokesley

Freers Askew Bunting Solicitors, Commercial House, 10 Bridge Road, Stokesley, Middlesbrough, TS9 5AA
01642 712132

Latest from Twitter

Latest News

Freers Askew Bunting Solicitors are Authorised and Regulated by the Solicitors Regulation Authority.

Freers Askew Bunting Solicitors Ltd is a limited company, registered in England and Wales under company number 09296681. Registered Office: 19-25 Baker Street, Middlesbrough, TS1 2LF

56-62 Borough Road, Middlesbrough, TS1 2JH
The Buck, 4 Market Place, Guisborough, TS14 6HF
19-25 Baker Street, Middlesbrough, TS1 2LF
Hub 1, Venture Court, Hartlepool, TS25 5TG
Commercial House, 10 Bridge Road, Stokesley, TS9 5AA

Terms & Conditions  /  Cookies Policy  /  Privacy Policy

Copyright ©2022 Freers Askew Bunting Solicitors. All rights reserved.

Designed by happyleaves.com