Our charges

Our charges

We operate a fully transparent costs system with no hidden charges. We currently offer the following legal services:

  1. Landlord and tenant transactional
  2. Landlord and tenant litigation
  3. Landlord and tenant debt collection
  4. Residential conveyancing
  5. Wills and probate

For costs information relating to our landlord and tenant work, please contact mknowles@commonlease.co.uk. In accordance with the SRA Price Transparency scheme, we provide the following information for any debt recovery work undertaken for businesses up to the value of £100,000, for residential conveyancing and for wills and probate. The following information is an illustrative guide only, based on average fees, and you should contact us for a quotation relevant to your case. VAT will be chargeable in accordance with the current tax laws.

Debt collection

Our fees will typically range from £300 plus VAT upwards depending on the specifics of your case. Our fees wil typically be based on an hourly rate basis. You will also have to pay any disbursements which may include court fees and barrister fees. Disbursements will usually attract VAT in addition. We will confirm the likely costs and any disbursements with you before we undertake the work. Straightforward cases will typically take between 1 – 6 months to conclude, whereas more complicated cases can take 12 – 18 months. We will explain the likely timescales and the procedure with you at the outset of the matter. Our experts are fully qualified to undertake this work. The work is currently carried out by Mari Knowles, Solicitor and Director of CLE.

Residential sales

Our fees cover the usual work involved in completing a sale of a residential property. These fees are indicative of fees payable in a straightforward transaction and are usually charged on a fixed fee basis - the rate will be agreed with you in advance. VAT will be payable on costs and disbursements. We do not make a separate charge for redeeming your mortgage or paying your estate agent. We also do not pay referral fees to third parties such as mortgage brokers or estate agents.The work is currently carried out by Hannah Brace, our licensed conveyancer, with assistance from Mari Knowles, Solicitor and Director of CLE where required.

Sale price

Fee range

Up to £250,000

£695 - £895 + VAT

£250,001 - £500,000

£895 - £1,195 + VAT

£500,001 - £750,000

£1,195 - £1,395 + VAT

£750,001 +

Price on enquiry



Disbursements (payable to third parties)

 

Bank transfer fee

£35 + VAT

Land Registry fees

£6 - £24

 

 

Additional disbursements

(payable in some cases)

 

Leasehold management pack

£200 - £400 + VAT

Leasehold deed of covenant

£200 - £400 + VAT

Indemnity insurance

Price on enquiry

 

 

 

The fees include the following:

•       Take initial instruction from you

•       Make contact with your existing lender and obtain a draft settlement figure (if applicable)

•       Obtain official copy Land Registry title documents

•       Prepare and submit contract documents to the buyer’s solicitor with completed Property Information and Fixture & Fittings Form to buyer’s solicitor

•       Receive and reply to any enquiries raised by the buyer’s solicitor

•       Give you advice on all documents and information received

•       Arrange for you to sign contract for sale and discuss potential completion date with you

•       Agree completion date (date from which you sell the property)

•       Exchange contracts and notify you that this has happened

•       Collect final figures from your estate agent for their commission and your mortgage lender to redeem your mortgage  and prepare a financial statement

•       Complete sale

•       Forward title documents to buyer’s solicitor

How long the process takes will depend on a number of factors, such as how long the chain is, if you have a mortgage, and if you have a related transaction. The average transaction takes between 8 – 12 weeks. We will assess your transaction at the outset and confirm the likely timeframes with you then.

Residential purchases

Our fees cover the usual work involved in completing a purchase of a residential property. These fees are indicative of fees payable in a straightforward transaction and are usually charged on a fixed fee basis - the rate will be agreed with you in advance. VAT will be payable on costs and disbursements. We do not pay referral fees to third parties such as mortgage brokers or estate agents. The work is currently carried out by Hannah Brace, our licensed conveyancer, with assistance from Mari Knowles, Solicitor and Director of CLE where required.

Purchase price

Fee range

Up to £250,000

£695 - £895 + VAT

£250,001 - £500,000

£895 - £1,195 + VAT

£500,001 - £750,000

£1,195 - £1,395 + VAT

£750,001 +

Price on enquiry

 

 

Disbursements (payable to third parties)

 

Bank transfer fee

£35 + VAT

Land Registry disbursements

£6 - £24

Land Registry registration fees

£40 - £910 (dependent on property value)

Stamp duty land tax (England) / Land Transaction Tax (Wales)

Price on enquiry (dependent on property value)

 

 

Additional disbursements

(payable in some cases)

 

Search fees

£200 - £500

Leasehold notice of transfer fee

£50 - £150 + VAT

Leasehold notice of mortgage fee

£50 - £150 + VAT

Leasehold deed of covenant fee

£100 - £400 + VAT

Leasehold certificate of compliance fee

£100 - £400 + VAT

Leasehold deed of covenant

£200 - £400 + VAT

Indemnity insurance

Price on enquiry

 

 

 

The fees include the following:

·       Take initial instructions from you

·       Check finances are in place to fund purchase and contact lender's solicitors if needed

·       Receive draft Contract and supporting document from the seller’s solicitor

·       Submit search applications and prepare an initial report to you

·       Raise enquiries of seller's solicitor

·       Receive your mortgage offer and report to you

·       Receive and review search results, raise further enquiries, if necessary and report to you

·       Review replies to enquiries from the seller’s solicitor and report to you

·       Make arrangements for you to sign all necessary paperwork and discuss potential completion dates

·       Exchange contracts and notify you that this has happened

·       Prepare a financial statement and arrange for all monies needed to be received from lender and you

·       Complete purchase

·       Deal with payment of Stamp Duty/Land Tax

·       Deal with application for registration at Land Registry

How long the process takes will depend on a number of factors, such as how long the chain is, if you have a mortgage, and if you have a related transaction. The average transaction takes between 8 – 12 weeks. We will assess your transaction at the outset and confirm the likely timeframes with you then.

Wills and probate

Our fees will vary depending on the service required. In the case of will drafting or contentious probate, please contact us on mknowles@commonlease.co.uk for further costs information.

In the case of non-contentious probate, we typically charge fixed fees rather than charging on an hourly basis so that there are no unexpected bills. We typically charge:

  1. 1.5% of the gross estate value for a straightforward estate with one to three beneficiaries;
  2. 2% of the gross estate value for a straightforward estate with four or more beneficiaries;
  3. 2.5% of the fross estate value for an estate on which inheritance tax is due or which involves a trust.

You will also have to pay any disbursements which may include Land Registry fees, inheritance tax and barrister fees (in more complicated cases). Disbursements will usually attract VAT in addition. We will confirm the likely costs and any disbursements with you before we undertake the work. Straightforward cases will typically take between 3 – 6 months to conclude, whereas more complicated cases can take 12 – 24 months. We will explain the likely timescales and the procedure with you at the outset of the matter. Our experts are fully qualified to undertake this work. The work is currently carried out by Elin Dukes, Solicitor of CLE.