Costs

Quality

Costs Transparency

We charge an hourly rate for most of our legal work. This will be agreed directly with you.

Housing Possession

For our private landlord clients we undertake the following work on a fixed fee basis:

Accelerated possession proceedings

Possession proceedings (Section 8 notice) on grounds of non-payment of rent.

For more information about fixed fees for the above please call us on 01623 651886 or email info@martin-lee.co.uk

Conveyancing

We charge a fixed fee for conveyancing.

For a purchase of a freehold or leasehold property our fees would be £500 plus VAT and disbursements.

For a sale of a freehold or leasehold property our fees would be £450 plus VAT and disbursements.

For a mortgage or re-mortgage our fees would be £400 plus VAT and disbursements

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

Example: Purchase of a freehold residential property for £150,000

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).

*Our fixed fees assumes that:

a. The property you are buying or selling is registered at the Land Registry

b. it 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

c. for leasehold purchases that it is the assignment of an existing lease and not the grant of a new lease

d. the transaction is concluded in a timely manner and no unforeseen complication arise

e. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation

f. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

Conveyancer’s fees and disbursements

* Legal fee £500

* VAT £100

* Search fees £300**

* HM Land Registry fee £95.00

* Electronic money transfer fee £14.40

* Stamp Duty Land Tax £500***

Estimated total: £1,509.00

** Search fees can vary depending on where the property is situated but are normally around £300

*** Stamp Duty Land Tax (on purchase)

This depends on the purchase price of your property and also on whether you own any other property. You can calculate the amount you will need to pay by using HMRC’s website

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 8-15 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take up to 12 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 – 5 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, the key stages include the following:

* Taking your instructions and giving you initial advice

* Checking finances are in place to fund purchase and contacting lender’s solicitors if needed

* Receiving and advising on contract documents

* Carrying out searches

* Obtaining further planning documentation if required

* Making any necessary enquiries of seller’s solicitor

* Giving you advice on all documents and information received

* Going through conditions of mortgage offer with you

* Sending final contract to you for signature

* Agreeing completion date (date from which you own the property)

* Exchanging contracts and notifying you that this has happened

* Arranging for all monies needed to be received from lender and you

* Completing purchase

* Dealing with payment of Stamp Duty/Land Tax

* Dealing with application for registration at Land Registry

Probate

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.

How much does this service cost?

We anticipate this will take between 10 and 15 hours. Our fees are normally between £1,500 and £3,000 plus VAT and disbursements.

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 no more than 6 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

The Disbursements can include:

* Probate application fee of £155.00

* Extra copies of Grant of Probate – 50p each

* Swearing of the oath (per executor) – £7

* Copies of deed from land Registry – £3 each

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.

* Dealing with the sale or transfer of any property in the estate is not included.

What do we do for you?

* 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 legal oath for you to swear

* Make the application to the Probate Court on your behalf

* Obtain the Probate and securely send two copies to you

* Collect and distribute all assets in the estate

How long will this take?

On average, estates that fall within this range are dealt with within 6 months. Typically, obtaining the grant of probate takes around 3 to 4 months. Collecting assets then follows, which can take around 4 weeks. Once this has been done, we can distribute the assets, which normally takes around 2 to 4 weeks

 

Office opening hours:

Mon-Fri: 9am to 1pm
and 2pm to 5pm

12 Queen Street
Mansfield
Nottinghamshire
NG18 1JN

Tel: 01623 651886
Fax: 01623 651887