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enquiries@erichsmith.co.uk
Mon - Fri 10:00-18:00 01204 221111
enquiries@erichsmith.co.uk
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OUR FEES

AVERAGE TIMESCALES ON OUR SERVICES.

We aim to complete standard residential purchase transaction within 4-6 weeks of receipt of the contract paperwork, search results and the mortgage offer if your are purchasing with the aid of a mortgage and with similar cooperation from the seller’s solicitors.

We aim to complete standard residential sale transaction within 4-5 weeks of issuing contract with similar cooperation from the buyer’s solicitors.

Please note that any transaction which involves flats, shared ownership, new builds, staircasing etc takes longer to reach completion and we shall advise you accordingly.

OUR SOLICITORS CHARGE THE FOLLOWING FEES:

Please note: You may be able to agree a fixed amount for the service you require, in this case it will be agreed with your solicitor BEFORE giving your explicit instructions to retain their services. You will also be informed of the estimated timescale for completion of your case or claim.

FEE EARNER

  • Imran Rashid
  • Shema Ali
  • Hamid Khurram

AREA OF LAW

  • Criminal Law
  • Family Law
  • Immigration

HOURLY CHARGE (PER HOUR)

  • £201
  • £201
  • £146

OUR CONVEYANCING CHARGES ARE AS FOLLOWS *:

PURCHASE TRANSACTION

PROPERTY VALUE/PRICE

  • £0 - £100,000
  • £100,000 - £200,000
  • £200,000 - £300,000
  • £300,000 - £400,000
  • £400,000 - £500,000
  • £500,000 - £600,000
  • £600,000 - £700,000
  • £700,000 - £800,000
  • £800,000 - £900,000
  • £900,000 - £1,000,000
  • Telegraphic Transfer fee (TT) (each)
  • Help to Buy ISA Fee
  • Help to buy Fee
  • Right to Buy Fee
  • Shared Ownership Fee
  • Newbuild Fee
  • Islamic Mortgage Fee
  • Auction/Repossession Fee
  • Flat / Apartment Fee
  • Buy to let Fee
  • SDLT Form Fee

OUR FEE (VAT APPLIES)

  • £450.00
  • £475.00
  • £500.00
  • £525.00
  • £550.00
  • £575.00
  • £600.00
  • £625.00
  • £650.00
  • £675.00
  • £30.00
  • £50.00
  • £350.00
  • £100.00
  • £195.00
  • £100.00
  • £200.00
  • £150.00
  • £150.00
  • £200.00
  • £50.00

PURCHASE DISBURSEMENTS

  • Land Registry Search
  • Bankruptcy Search (per person)
  • Identity Check (per person)
  • Search Pack (Local Authority, Water & Drainage, Environmental Search

NO VAT APPLICABLE

  • £3.00
  • £2.00
  • £7.20
  • £275.00

ADDITIONAL CHARGES MAY APPLY FOR WORK NOT COVERED WITHIN THE ABOVE LIST

TBC PRIOR TO BEING ACTIONED BY FILE HANDLER

Please note that Stamp duty may be payable on your purchase and this depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website( accessible at https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro) or if the property is located in Wales by using the Welsh Revenue Authority’s website. You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge when we receive this information.

SALE TRANSACTION

PROPERTY VALUE/PRICE

  • £0 - £100,000
  • £100,000 - £200,000
  • £200,000 - £300,000
  • £300,000 - £400,000
  • £400,000 - £500,000
  • £500,000 - £600,000
  • £600,000 - £700,000
  • £700,000 - £800,000
  • £800,000 - £900,000
  • £900,000 - £1,000,000
  • Telegraphic Transfer fee (TT) (each)
  • Flat / Apartment Fee

OUR FEE (VAT APPLIES)

  • £450.00
  • £475.00
  • £500.00
  • £525.00
  • £550.00
  • £575.00
  • £600.00
  • £625.00
  • £650.00
  • £675.00
  • £30.00
  • £150.00

 

SALE DISBURSEMENTS

  • Identity Check (per person)
  • Official Copies

NO VAT APPLICABLE

  • £7.20
  • £9.00

* OUR FEE ASSUMES THAT:

  • this 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 this 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
  • this is the assignment of an existing lease and is not the grant of a new lease
  • the transaction is concluded in a timely manner and no unforeseen complication arise
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required.

FURTHER ANTICIPATED DISBURSEMENTS * :

Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is estimated between £50-£200.00, but each freeholders charge varies.
Notice of Charge fee – (if the property is to be mortgaged) – This fee is set out in the lease. Often the fee is between £50-£200.00, but each freeholders charge varies.
Deed of Covenant fee – This fee is provided by the management company for the property and can be difficult to estimate. Often it is between £100.00 and £300.00.
Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100.00 – £300.00.

* These fees vary from property to property and can on occasion be significantly more than the ranges given above. We can give you an accurate figure once we have sight of your specific documents.