PURCHASE FEE

Fee Guide

We may offer retainership on an Hourly or Fixed Fee basis.

Our Hourly Rates are as below:

Grade, Qualification and Experience of Fee Earner

Hourly

Rate

VAT

(charged at 20%)

Total

A- Solicitors and legal executives with over 8 years’ experience

£300

£60

£360

B- Solicitors and legal executives with over 4 years’ experience

£250

£50

£300

C- Other solicitors or legal executives and fee earners of equivalent experience

£200

£40

£240

D- Trainee solicitors, paralegals and other fee earners

£170

£34

£204

PURCHASE:

SALE PRICE	LEGAL FEES	VAT ON FEES	TOTAL
£0 to £150,000	From £750.00	£150.00	£900.00
£150,000 to £500,000	From £850.00	£170.00	£1020.00

Additional Fees which apply to every sale:

Item	Fees From	VAT ON FEES	TOTAL
Photo Copy + Fax + Telephone	£35	£7	37
ID & Fund Checking Fee	£50	£5	£55
Each Bank Transfer Fee	£50	£5	£55
Lawyers Check / Buyers Solicitors Verification	£50	£5	£55
File Storage Charges	£20	£4	£24

Additional Fees which may be chargeable:

Item	Fees From	VAT ON FEES	TOTAL
Inland Revenue SDLT Return Completion Filing fee	£150	£30	£180.00
Lenders Panel Fee	£35	£7	£37
Acting for lenders (if any):	£150	£30	£180
Additional Work such as Statutory Declaration, Gift Deposit Element	£100	£20	£120
Additional Work such as buying an Indemnity Insurance	£100	£20	£120
Additional Work such as Tenancy Matters	£150	£30	£180
Additional Work such as Management Company	£150	£30	£180
Deed of Covenant	£150	£30	£180
Help to Buy Mortgage	£250	£50	£300
Help to Buy ISA	£150	£30	£180

If it becomes apparent that there are matters which we were unaware of at the outset of the matter, we reserve the right to increase our fees. We will of course inform you of this immediately.

Disbursement which may apply:

· Official Copies of the Register £7.00-£15.00 (This will vary depending on how many documents we are required to obtain from the Land Registry. Each Official Copy is £3.00)

· Bankruptcy search: £6.00 per name

· Local authority search: £50.00 - £200.00

· Water & Drainage Search: £45.00 plus (as per invoice)

· Coal Mining search: £41.20 plus (residential as per invoice)

· Environmental search: £45.00 plus (as per invoice)

· Priority search: £3.00 per search

· Notice to freeholder/rent collector/landlord/management company charges TBC

· Land registry fee: This depends on the purchase price

· Stamp Duty fee: This depends on the purchase price. 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.

Please note that some properties will have additional disbursements that apply; however, we will not be aware of these until the transaction commences. These disbursements are payable to third parties we have no control over.

These include items such as a fee for management or sell-on pack from a ground rent collection company or indemnity policies to rectify a property deed defect. As soon we become aware of any additional disbursements we will inform you.

PURCHASE FEE

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