Legal Fees and Pricing

At Weisberg Legal we operate a transparent fee guide. A majority of our work proceeds on the basis of a fixed fee, which is based on the below and agreed with you on the commencement of your matter. However, these are estimates and specific fees will be agreed between us depending on the requirements of your matter. All of the below legal fees are exclusive of VAT which will be charged in addition at the prevailing rate, currently 20%.

Conveyancing Fees

Property Value Banding (up to)SalePurchaseReMortgage / Transfer of Equity
£200,000.00£795 + VAT£895 + VAT£595 + VAT
£300,000.00£895 + VAT£995 + VAT£595 + VAT
£400,000.00£995 + VAT£1,095 + VAT£595 + VAT
£500,000.00£1,250 + VAT£1,350 + VAT£695 + VAT
£600,000.00£1,350 + VAT£1,450 + VAT£795 + VAT
£700,000.00£1,495 + VAT£1,595 + VAT£895 + VAT
£800,000.00£1,595 + VAT£1,695 + VAT£995 + VAT
£900,000.00£1,695 + VAT£1,795 + VAT£1,250 + VAT
Above £900,000BespokeBespokeBespoke

Additional Conveyancing Fees

ItemFee


Purchase Search Pack 299.95 + VAT
Sundry Fee for Online Case Management Fee, Digital Signature Licensing, Mortgage Panel Fee, Copying, Printing, Postage and Digital File Retention39.95 + VAT
Money Transmission Fee (CHAPS)£39.95 + VAT
Title Documents (each)£3.00 + VAT
Declaration of Trust (from)£250.00 + VAT
Leasehold Fee (Or Freehold with Estate Management)£199.95 + VAT
New Build Fee£199.95 + VAT
Unregistered Land£250.00 + VAT
Second Mortgages£199.95 + VAT
Lender Separately Represented £350.00 + VAT
Separate Leasehold Garage£199.95 + VAT
Solar Panel Lease of Airspace£199.95 + VAT
Tenanted Property (Per Tenancy)£250.00 + VAT
HMO£250.00 + VAT
Shared Ownership Lease£199.95 + VAT
Help to Buy Equity Loan£199.95 + VAT
Help to Buy ISA£50.00 + VAT
Gifted Deposits£125.00 + VAT
Early Access Licence / Key Undertaking£199.95 + VAT
Company Client taking Mortgage£399.95 + VAT
Indemnity Insurance Policies£95.00 + VAT
Secure Electronic ID Check (per Client)£14.95 + VAT
Source of Funds Check (per transaction)£9.95 + VAT
Money Transmission Fee (Faster Payment)£19.95 + VAT

All estimates given above are based on our current fee earners’ hourly charging rate of £295 plus VAT and are calculated on the assumption that there will not be any complicating factors in the transaction. If the matter becomes more complicated resulting in an effect on costs we will contact you to bring this to your attention and provide you with a new fee estimate.

Your matter will be progressed by either a solicitor, chartered legal executive or licenced conveyancer (collectively termed “lawyers”) under the supervision of a Kieran Weisberg, a solicitor. Your lawyer will have a legal assistant or secretary who will assist with administration and may also be a point of contact. Full details of our team are available on our website. 

What is included in these costs?

Our Sale fee includes:

  • Liaising with you on file opening and undertaking Identity Checks
  • Taking your instructions and liaising with your Estate Agent
  • Obtaining the title documents from Land Registry or if unregistered land, from you or your bank
  • Liaising with you on the completion of sale protocol forms
  • Preparing a contract pack and circulating with your Buyers solicitor
  • To dealing with routine enquiries from the Buyer’s solicitor
  • Obtaining a mortgage redemption statement from your lender
  • Exchanging contracts on your behalf
  • Completing on the sale on your behalf
  • Redeeming your mortgage out of your sale proceeds
  • Paying your estate agent’s commission out of your sale proceeds
  • Reporting to you with a financial completion statement

Additional Costs

When selling property you are likely to incur the below costs which are not included as part of our fees:

  • Indemnity insurance policy premiums
    It may be necessary to arrange an indemnity policy in order to facilitate the sale if title documents or certificates relating the property or any work undertaken there are not available – Costs are dependent on the nature of the policy and the value of the property
  • Management Pack (usually only leasehold properties)
    We will need to obtain information from the freehold owner / management company / managing agents relating to the property. There can sometimes be multiple third parties, for example a managing agent who deals with Ground Rent and a different managing agent who deals with Service Charges. The third parties will charge for providing this information and the fee often is not known to us until we apply on your behalf. We require funds on account from you to make payment. These packs are generally £150 – £350 + VAT each and often have a shelf life so may be repeated if your transaction goes abortive or becomes protracted.
  • Deed of Covenant / Licence to Assign (usually only leasehold properties)

Sometimes you will have a requirement to obtain third party permission for your sale, which requires additional documentation which may be supplied in draft at a cost from the third party or alternatively may need to be drafted by us – it all depends on the circumstances. The third parties will charge for providing these documents or permissions and this information and the fee often is not known to us until we apply on your behalf. We require funds on account from you to make payment. These documents or permissions are generally £150 – £350 + VAT each.

Our Purchase fee includes:

  • Liaising with you on file opening and undertaking Identity Checks
  • Taking your instructions and liaising with your Estate Agent
  • Reviewing the contract pack sent to us by the Seller’s solicitor
  • Investigating legal title
  • Raising appropriate enquiries relevant to the property
  • Arranging any necessary searches
  • Reporting to you on findings and obtaining your signature to documents
  • Providing a financial statement
  • Exchanging contracts on your behalf
  • Requesting your mortgage funds from the lender (if any)
  • Completing on the sale on your behalf
  • Sending completion funds to the Seller’s solicitor
  • Preparing your Stamp Duty Land Tax Return (for routine transactions only)
  • Applying to Land Registry for the updating of the Register
  • Any post completion dealings with third parties such as freehold owners / managing agents
  • Reporting to you on conclusion of dealings with your up to date register of title

Additional Costs

When purchasing property you are likely to incur the below costs which are not included as part of our fees:

  • Searches
    We will arrange searches for you including a search at the local authority. We will report the results of these searches to you prior to exchanging contracts with the Seller(s). £299.95 + VAT for a “search pack” containing an Official or Private Local Authority “CON29” Search, and Official of Private Water and Drainage “CON29DW” Search, a Groundsure Avista “Environmental / Flood / Infrastructure” Search, and any such property locality specific searches we consider necessary such as a Coal Mining Search
  • Land Registration Fee
    The Land Registry charge a fee to register your purchase of the property which transfers legal ownership of the property from the Seller(s) to you. The fee is based on the value of the property. We will inform you of the fee to be paid when we provide our fee estimate as the fees are set by Land Registry and do change, the current schedule of fees are listed here: https://www.gov.uk/guidance/hm-land-registry-registration-services-fees 
  • Stamp Duty Land Tax / Welsh Land Tax Authority
    This is the tax which is payable on the purchase of property above a certain price. The fee is dependent on the price that is paid for the property and whether you have additional property other than that which you are purchasing and it is important that you provide us with accurate information to assist with its calculation. This is very bespoke but online calculators are available.

For properties in England (HMRC) https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro 

For properties in Wales (WTA) https://gov.wales/land-transaction-tax-calculator 

  • Deeds of covenant (leasehold property only)
    We may need to provide proof that covenants in the property’s title register have been complied with. In which case, deeds of covenant will be provided by the Landlord or management company’s solicitor. We will recover these costs from you at the end of the matter – Typically £150 – £250 +VAT

Whether buying or selling, the following factors may lead to additional costs being incurred in your matter, please note that this is not an exhaustive list:

Unforeseen complicating factors such as: Particularly demanding or extensive enquiries Unusual complexities surrounding title Particularly lengthy or time-consuming negotiations Site inspections

Timescales

As a guideline we expect a straightforward transaction to take 6 – 8 weeks to complete from first being instructed, during busy periods and the COVID-19 crisis transaction times increased to average around 15 weeks. There are no hard and fast rules on timings as there are factors which affect the speed of the transaction such as the need to obtain additional information, search delays, survey delays, missing paperwork and ability to obtain duplicates and any issues which affect other transactions in the chain. Whilst we also ensure that we carry out your work as efficiently as possible, the speed of the transaction will invariably be affected by the efficiency of third parties such as other conveyancers and mortgage lenders and we can never guarantee a particular outcome.

Probate

Grant of Probate Only

The costs below are to obtain a Grant of Probate only. These costs do not include any work required to deal with the Administration of the estate after the Grant of Probate.

We charge a rate of £295 plus VAT per hour. We anticipate that the Grant of Probate will take between 5 and 10 hours’ worth of work and estimate our total costs to be between £1,495 and £2,950 + VAT for the most simple and routine applications.

Administration of Estate (including obtaining a Grant of Probate)

The costs below relate to dealing with the entire administration of an Estate, including our obtaining the Grant and dealing with the collection and distribution of assets, together with any ancillary matters.

We charge a rate of £295 plus VAT per hour. We anticipate that the Grant of Probate will take between 5 and 10 hours’ worth of work and the administration of the estate can take a further 5 – 25 hours’ worth of work, for more complex estates which may include the administration of trusts, foreign assets, family members we cannot locate or intestacy can easily amount to many dozens of additional hours work. It is therefore very difficult to estimate costs but we would suggest that you budget for between estimate our total costs to be between £2,950 to £14,950 + VAT

Appointment to act as Executor

If anyone working in the firm is appointed to act as a professional executor an additional fee of between 0.75% and 1.5% of the value of the estate will be charged on the conclusion of the matter.

Variation in Costs

The exact cost for the dealing with the whole of your matter will depend on the individual circumstances surrounding the matter. Where the matter is relatively straightforward, such as where there is one beneficiary with no property involved, costs will be at the lower end of the range. Where the matter is more complex, such as where multiple beneficiaries and bank accounts are involved, costs will be towards the higher end of the range. Where circumstances are exceptional then fees will be discussed with you and agreed prior to the outset of your matter.

NOTE:-

The above prices will apply only 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
  • The will names beneficiaries
  • There are no disputes between any beneficiaries regarding the division of assets
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • No claims are made against the estate

Disbursements

We will handle the payment of any and all disbursements on your behalf in order to ensure that the process takes places smoothly. Disbursements are not included in our costs and are likely to include:

  • Probate application fee – £155 (plus £1.50 per additional copy required)
  • Swearing of the oath – £5 – £7 per Executor
  • Bankruptcy only Land Charges Department Searches – £2 per beneficiary
  • Will Search and Statutory Notice – £199 + VAT
  • Bank transfer fees when paying third parties and beneficiaries £37.50 + VAT
  • Electronic ID Checks when paying third parties and beneficiaries £15 + VAT

Will  / Lasting Power of Attorney Drafting Services

Single Standard Will 

A standard single Will without complex trusts which may:

  • Include a children’s trust to defer entitlement past the age of 18
  • Make gifts of specific items or assets
  • Make gifts of cash to named people or charities
  • Appoint Guardians to raise children
  • Appoint Executors
  • Stipulate funeral wishes
  • Make provision for pets

Guide Price £195 + VAT

Pair of Mirror Wills 

As above but for couples (married, civil partner’s or cohabitees) where one clients’ wishes ‘mirror’ the others. 

Two separate Wills with the content reflected in each. 

Guide Price £295 + VAT

Specialist Wills

Right to Reside or Occupy 

A simple Will including a Right to Reside or Right to Occupy trust. Commonly used where a property is held in the sole name of one party and they wish for their spouse, children, parent or other person (the occupant) to have the right to live in the property without ever owning it. This allows the owner to dictate who will inherit the property after the occupant dies which would not be the case if the owner had given the property to them absolutely. Can be established for the life of the occupant, a set period of time or subject to attaining a specified age or other conditions. 

Guide Single Will Price: £450.00 + VAT 

Guide Mirror Will Price: £575.00 + VAT for both 

Protective Property Trust 

Probably the most popular of all the Wills written today. Simple Wills with the addition of a life interest (IIP) trust gifting the deceased’s share and interest in the property to the trustees. The trust is written to allow the survivor the right to live in the property for the rest of their life but with flexibility to move and potentially release money from the estate. On the death of the survivor, the property is distributed in accordance with the trust and not the survivor’s Will. This is especially useful where a couple have children from previous relationships/marriages and wish to provide for their new partner/spouse but ensure their assets ultimately pass to their own children. Will require the property to be owned as tenants-in-common. Includes one severance at no additional cost.

Guide Single Will Price: £495.00 + VAT 

Guide Mirror Will Price: £625.00 + VAT for both

Flexible Lifetime Interest Trust 

Commonly referred to as the ‘ideal modern Will’. Ensures you provide for your spouse, by providing them with the income from the entirety of their residuary estate. Has additional flexibility as the Trustees are able to advance capital, either as a gift or a loan, whilst preserving as much of the capital as possible for your chosen beneficiaries. This is particularly beneficial for high net worth persons as the trust is written to allow mitigation of inheritance tax after first death (this is not a tax saving tool in itself; additional advice will be required). Often preferable for younger couples who do not wish to undertake aggressive inheritance tax mitigation as it allows for tax planning to be implemented in the event either of them dies. Spousal exemption will apply on first death (provided you are married/civil partners) resulting in the survivor’s Personal Representatives having the ability to claim the inheritance tax ‘Transferable Nil Rate Band’ on the second death. This requires all jointly owned assets, such as property, to be held as ‘tenants in common’.

Note: To ensure the administration of the estate is kept as simple as possible and to take advantage of the Residential Nil Rate Band (RNRB), we would advise that the family home is kept outside of the Flexible Life Interest Trust and placed in a separate Life Interest (Protective Property Trust) within the same Will. Provided that direct descendants (child, step-child, adopted child and/ or foster child) of the deceased and their lineal descendants are named as the ultimate beneficiaries of this life interest, the RNRB will then apply. 

Guide Single Will Price: £750.00 + VAT 

Guide Mirror Will Price: £825.00 + VAT for both 

Discretionary Will Trust capped at the Nil-Rate Band

Typically mirror Wills but not used as much today since the introduction of the Transferable Nil-Rate Band. Useful tool to ring-fence assets for children, especially where there may be children from previous relationships. Still a valuable tax planning tool where the marriage is not the clients first and the previous marriage(s) ended on death. Includes a standard letter of wishes. 

Guide Mirror Will Price: £650.00 + VAT for both

Disabled/Vulnerable Persons Trust 

Wills written to include a discretionary trust residue that will protect beneficiaries should they have difficulty in managing financial affairs. Commonly through dependency on drink or drugs, gambling addiction or spendthrift. Allows the testator to provide for a person in a safe and controlled fashion with capital and income advanced by the Trustees as they see fit. Where a person is disabled and complies with S89 IHTA 1984 a disabled/ vulnerable people’s trust should be used particularly where the estate exceeds the nil rate band, which benefits from preferential tax treatment. With both trusts the testators should underpin this with a letter of wishes detailing their intentions of how they wish the trusts to be run. 

Guide Single Will Price: £495.00 + VAT 

Guide Mirror Will Price: £650.00 + VAT for both

Residue on a Life Interest (IPDI) 

An Immediate Post Death Interest; in some cases, maybe a complex family situation where each party wishes their respective children to inherit; the spouse has adequate assets of their own; or the testator simply does not want to gift his share over then a life interest in the residuary estate may be useful. The clients’ need to be aware of the consequences of such an action and must state whether the life tenant can receive income only or income and capital.

Guide Single Will Price: £495.00 + VAT 

Guide Mirror Will Price: £650.00 + VAT for both

Business Asset Protection Will 

Will for those with business interests to include a Business Property Relief Trust. This ensures maximum relief from any tax advantages available at death are utilised, whilst ensuring that the spouse receives the income from the business to maintain their lifestyle. The business, if eligible, will eventually pass to the children or other taxable beneficiaries. 

Guide Single Will Price: £695.00 + VAT 

Guide Mirror Will Price: £895.00 + VAT for both 

Letter of Wishes 

For a Discretionary Trust, Disabled Persons Trust or Flexible Life Interest Trust.

Letters of wishes are commonly drawn up alongside discretionary trusts, disabled persons trusts and flexible life interest trusts. These trusts have discretionary powers to apply trust assets for the beneficiaries as the trustees see fit. The letter of wishes will give guidance to the trustees on any particular intentions or concerns that the testator has but please note that they are not binding on the trustees. For example, a potential beneficiary of a discretionary trust may be a spendthrift and the trust has been included to protect that beneficiary’s inheritance. 

Guide Price from £125 + VAT depending on complexity and contents.

Powers of Attorney & Living Wills

Lasting Power of Attorney 

Allows you to give power to your nominated attorneys to manage your affairs in the event you are unable to do so. These documents must be registered with the Office of the Public Guardian before they can be used. Following the signing and completion of the documents the documents are returned to us for checking, limiting the risk of the documents being rejected by the Office of the Public Guardian.

Guide Prices: 

£500 + VAT for one person to have both the Health and Welfare LPA and the Property and Financial Affairs LPA 

£650 + VAT for two persons to have both the Health and Welfare LPA and the Property and Financial Affairs LPA 

Plus Office of the Public Guardian fees of £82 per document unless you are fee exempt.

General Power of Attorney 

A general power of attorney, also known as an ordinary power of attorney, is a type of power of attorney that allows a donor to name attorneys to make financial decisions on their behalf. The document could be general, allowing the attorneys to make decision on any of the donor’s property and finances, or it may be limited to only specific decisions. 

Guide Price from £250.00 + VAT depending on contents.

Advanced Directive 

With the introduction of the Mental Capacity Act 2005 Living Wills or Advance Medical Directives are now recognised in law in England and Wales. A valuable and useful document where an LPA Health and Welfare document is not required. 

Guide Price: £250.00 + VAT

Deed of revocation (EPA & LPA) 

Used to formally revoke an unregistered Enduring Power of Attorney and registered and unregistered Lasting Power of Attorney documents. 

Guide Price: £50.00 each document + VAT

Commercial (Business) Lasting Power of Attorney 

Allows you to give power to your nominated attorneys to manage your business affairs in the event you are unable to do so. These documents must be registered with the Office of the Public Guardian before they can be used which currently costs £82 each document (payable to the Office of the Public Guardian). Following the signing and completion of the documents the documents are returned to us for checking, limiting the risk of the documents being rejected by the OPG.

Guide Prices: 

£500 + VAT for one person to have both the Health and Welfare LPA and the Property and Financial Affairs LPA 

£650 + VAT for two persons to have both the Health and Welfare LPA and the Property and Financial Affairs LPA 

Plus Office of the Public Guardian fees of £82 per document unless you are fee exempt.