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%.

Weisberg Legal Fees

Property Value (up to)SalePurchaseReMortgageTransfer of Equity
£100,000.00£750.00£850.00£395.00£495.00
£200,000.00£795.00£895.00£395.00£495.00
£300,000.00£895.00£995.00£395.00£495.00
£400,000.00£995.00£1,095.00£395.00£495.00
£500,000.00£1,250.00£1,350.00£450.00£595.00
£600,000.00£1,350.00£1,450.00£450.00£595.00
£700,000.00£1,495.00£1,595.00£450.00£595.00
£800,000.00£1,595.00£1,695.00£750.00£795.00
£900,000.00£1,695.00£1,795.00£750.00£795.00
£1,000,000.00£1,795.00£1,895.00£750.00£795.00
£2,000,000.00£2,500.00£2,750.00£850.00£995.00
Over £2,000,000.00£2,995.00£3,250.00£995.00£995.00
LEASEHOLD FEE (This is an additional fee where the Property is Leasehold)£175.00£175.00£175.00£175.00

Weisberg Legal common additional fees
FeeSalePurchaseReMortgageTransfer of Equity
Sundry Fee (Online Case Management Fee, AML checks, digital signatures, client portal, copying, printing and file retention)£37.50£37.50£37.50£37.50
Bank Transfer Fee£37.50£37.50£37.50£37.50
Help to Buy Equity Loan£150.00£150.00£150.00£150.00
Declaration of Trust
£195.00
£195.00
e-AML Fee (if more than 2 clients)£15.00£15.00£15.00£15.00
Help to Buy ISA
£50.00

Unregistered Land£175.00£175.00£175.00£175.00
Early Access Licence£195.00£195.00

Second Mortgages£175.00£175.00

Gifted Deposits
£125.00

Provision of Indemnity Insurance Policies£95.00£95.00£95.00£95.00
Buy to Let where tenant remains (each tenant)£95.00£175.00£175.00





Anticipated usual third party costs, sometimes known as disbursements
DisbursementsSalePurchaseReMortgageTransfer of Equity
Bankruptcy Charge (Per Person)£2.00£2.00£2.00
Search Pack (Personal Local/ Personal Water/ Groundsure Avista)£168.00£168.00
Land Registry Official Copy Documents @ £3 each £6.00 – £18.00 £6.00 – £18.00 £6.00 – £18.00
Lender Monitor (Bank Security  Check)£3.50£3.50
Lawyer Checker (Mortgage Security Check)£12.00
Land Registry Registration Fees £6.00 – £18.00
£6.00 – £18.00 £6.00 – £18.00
Land Registry Registration Fee (Set by HM Land Registry and charge set on transaction value)£20.00 – £910.00 £20.00 – £910.00 £20.00 – £910.00

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.

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). – £160 – £300 depending on the specific searches required
  • 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
  • Stamp Duty Land Tax
    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
  • 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. However, in many cases there are factors which affect the speed of the transaction such as the need to obtain additional information and any issues which affect other transactions in the chain so it is not unusual for a transaction to take 8 – 10 weeks. 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.

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