020 7485 0888 advice@comptons.co.uk

Our Fees

We are always happy to let you have a “no obligation” quote based on your specific requirements. Please contact us at advice@comptons.co.uk and we will come straight back to you. Alternatively, please call us on 020 7485 0888 to discuss your requirements.

Please note that VAT (which is currently 20%) and usual disbursements are to be added to the below-mentioned fees. Disbursements are expenses related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.  The figures quoted are a guide only and the final fees will depend upon the complexity of the transaction and the amount of work required.

Sales and Purchases
How long will my house take to purchase?

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 6 and 12 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 4 – 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.  In such a situation additional charges would apply.

Stage of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below are some key stages for your purchase for your information:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender’s solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller’s solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • 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

Our estimated fees are to be found in the following table.  These fees are for our acting for you in relation to the conveyancing of a single residential sale or purchase. This will include the discharge of a mortgage with a lender who signs up to the Council of Mortgage Lenders handbook (CML) on a sale or the taking out of a mortgage with a CML lender to complete a purchase (unless that lender is separately represented by another lawyer). 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 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.

Purchase/Sale Price

Fees (plus vat and disbs)

Fees including vat

£0   – £99,999

£950

£1,140

£100,000 – £199,999

£1,000

£1,200

£200,000 – £299,999

£1,100

£1,320

£300,000 – £399,999

£1,150

£1,380

£400,000 – £499,999

£1,250

£1,500

£500,000 – £599,999

£1,350

£1,620

£600,000 – £699,999

£1,450

£1,740

£700,000 – £799,999

£1,550

£1,860

£800,000 – £899,999

£1,650

£1,980

£900,000 – £999,999

£1,750

£2,100

£1,000,000 –  £1,099,999

£1,850

£2,220

£1,100,000 – £1,199,999

£1,950

£2,340

£1,200,000 – £1,299,999

£2,050

£2,460

£1,300,000 – £1,399,999

£2,150

£2,580

£1,400,000 – £1,499,999

£2,250

£2,700

£1,500,000 – £1,599,999

£2,350

£2,820

£1,600,000 – £1,699,999

£2,450

£2,940

£1,700,000 – £1,799,999

£2,550

£3,060

£1,800,000 – £1,899,999

£2,650

£3,180

£1,900,000 – £1,999,999

£2,750

£3,300

£2,000,000 plus

By negotiation

 

 

In addition the following fees will apply:

Electronic TT: (1st) £40 +VAT (£48)  (After £10 + VAT) (£12)
AML ID: £50 + VAT (all) per person/company (£58)

 

Additional fees for unusual sale/purchase situations

Additional Fees (plus vat and disbursements)

Fees including vat

New builds

£300

£360

Help to buy

£200

£240

Mortgage with a separately represented lender

£400 – £600

£480 – £720

Paying off additional mortgages/charges (per charge)

£100

£120

Basic declarations of trust. The fees for more complex declarations of trust start at £850 plus vat.

£300 – £500

£360 – £600

Shared ownership

£300

£360

Transfer of share of freehold when the freehold is not owned by a company

£250

£300

Estimate disbursements for a purchase

Disbursements are costs related to your matter that are payable to third parties, such as search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. There are certain disbursements which will be set out in the individual lease relating to the Property. The disbursements which we anticipate will apply are set out separately below. This list is not exhaustive and other disbursements may apply depending on the term of the lease. We will update you on the specific fees upon receipt and review of the title from the seller’s solicitors.

  • SDLT (stamp duty) – This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website. Please follow this link for more information: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro
  • Searches will usually cost between £300 and £500 per property.
  • Lawyer Check – check on other solicitors £10 + VAT
  • If you are buying a leasehold or share of freehold property, the following may apply: Notice of Transfer fee – This fee if chargeable is set out in the lease. Often the fee is between £50 and £150. 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 and £150. 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 and £200. Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 and £200. 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.

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 as soon as we receive this information.

Estimated disbursements for a sale
  • Fees of between £10 and £50 for a copy of your legal title and any leases.
  • Fees of between £100 and £450 for a pack from your management company if you are selling a leasehold or share of freehold. We will not know this amount until we have contacted your management company.
Re-mortgages

Amount borrowed

Fees (plus vat and disbs)

Fees including vat

£0 – £249,999

£550

£660

£250,000 – £499,999

£800

£960

£500,000 – £749,999

£1,000

£1,200

£750,000 – £999,999

£1,250

£1,500

£1,000,000 – £1,249,999

£1,450

£1,740

£1,250,000 plus

By negotiation

In addition the following fees will apply:

Electronic TT: (1st) £40 +VAT (£48)  (After £10 + VAT) (£12)
AML ID: £50 + VAT (all) per person/company (£58)

Estimate disbursements for a re-mortgage
  • Land Registry fees – these will vary and please follow this link for more information: http://landregistry.data.gov.uk/fees-calculator.html
  • Searches will usually cost between £300 and £500 per property. In some situations, indemnity insurance can be obtained instead. This will depend on your lender’s instructions. Indemnity insurance is considerably cheaper than searches.
  • If you are re-mortgaging a leasehold or share of freehold property, the following may apply: Notice of Charge fee  – This fee is set out in the lease. Often the fee is between £50 and £150. Certificate of Compliance fee – To be confirmed upon receipt of the lease, as can range between £100 and £200. 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.
  • Fees of between £10 and £50 for a copy of your legal title and any leases.

Fees of between £100 and £450 for a pack from your management company if you are re-mortgaging a leasehold or share of freehold, unless you have the information needed by your lender. We will not know this amount until we have contacted your management company.

Probate

How long will it take to complete the administration process? 

This will generally depend on a number of factors including the extent, the location and the nature of the assets held by the deceased person at the time of death and the time taken to ascertain the probate value in respect of the same. For instance the administrative duties of an estate with one or two bank accounts, a property in the United Kingdom and one or two beneficiaries could take between 3 to 6 months to complete, whereas an estate with a range of different type of assets, some of which need to be sold to settle outstanding debts could take a minimum of 8 to 12 months. 

Fees

Fees are charged based on the time spent on the matter and calculated at the rate of £260.00 per hour plus VAT (£312.00 gross) or the fee relevant to the fee earner conducting the matter and as shown in the terms and conditions. The total fee will depend on the circumstances of the case, including how complicated the estate administration work is, the way the estate is to be distributed, the number of beneficiaries, the nature, location and extent of the assets and liabilities and any tax implications in respect of the same. By way of indication, the fees for a probate matter, which involves a single residence and few bank accounts in the United Kingdom, would take between 10 and 15 hours. The minimum fee would be £1,150.00 plus VAT (£1,380 gross) and disbursements.

Please note that the following expenses or disbursements are payable separately and in addition to the fees stated above (these figures are estimates only):-

  • Probate Registry fee £155.00 and £1.50 for each additional copy of the Grant of Representation
  • Land Registry fee for searches on Office Copy Entries of Title to property will be £3.00 per search
  • Bankruptcy Searches will be £2.00 per search
  • AML ID check will be £24.00 per person

Please contact our private client team, who will be happy to run through a few questions with you and provide a “no obligation” quote based on their estimate of the work involved in your matter.

Lasting Powers of Attorney (LPA)

How long will it take to complete the process involved?

LPA matters involve a two-stage process. The initial stage involves ascertaining the relevant details and preparing the LPA documents for registration whilst the second stage involves the registration of the LPAs with the Office of Public Guardian (OPG). 

Our private client team should be able to get in touch with you within 48 hours of receiving your initial enquiry and then take immediate steps to confirm your instructions and collect all the relevant information required to complete the relevant LPA forms soon afterwards. 

Once our team has received all of the relevant information from you, they should be able to complete the forms required within a week thereafter. The forms will then be sent to the Donor and the Attorneys for their signatures. 

Our private client team will then aim to submit the LPAs to the OPG within 48 hours of receiving all the signed forms back from the Donor and each of the Attorneys.

At present, the OPG could take anything between 6 to 8 weeks to complete the registration process.

Fees

Our fees for preparing the LPA documents and notices and providing any advice about them are as follows: 

  • £330.00 (£330.00 gross) for LPA on Property and Financial Affairs
  • £330.00 (£330.00 gross) for LPA on Health and Welfare and
  • £615.00 (£615.00 gross) for the combined LPAs

The above is inclusive of VAT.

The Office of Public Guardian (OPG) will charge a fee of £82 per LPA. This fee is payable directly to the OPG.

Trusts

How long will it take to complete the creation of a trust? 

The creation of a valid trust involves two stages. The first stage will be to prepare the trust document whilst the second stage concerns the transfer of the asset/s into the trust. 

The time required to prepare the trust document will depend on the nature of the trust, the functions it is expected to carry out and the extent of the assets that are to be included in it. Once your instructions in respect of these aspects of the matter have been finalised, our private client team should be able to prepare the relevant trust document/deed within a week thereof. 

The extent of the time required to transfer an asset into the trust will depend on the nature and location of the asset. Our private client team should be able to provide an estimate of this during the initial meeting. 

Fees

This will depend on the circumstances, but our starting fee is £1,250.00 plus VAT (£1,500 gross) for the preparation of a Discretionary Trust.

Please contact our private client directly for a quote in respect of your trust matter.

Wills

How long will it take to finalise this matter?

Before the process begins, our private client team will arrange to have a quick chat with you over the telephone to make an assessment of the areas that need to be covered in the Will or the advice provided about the Will. At the end of the initial chat, our team should be able to confirm the fees involved.

The actual process of preparing the Will usually consists of two meetings, either in person or via a video call. 

If, at the end of the initial chat, you are happy to proceed with the Will matter, our team will arrange set up the initial meeting to take place within a week of the initial chat.  

Providing you are able to confirm your instructions about your Will by the end of the initial meeting, our team should be able to email or post the initial draft Will to you within a week thereof and help you finalise the Will within two weeks thereafter. 

Fees

Our Last Wills are not those that come “out of a box” but are drafted based specifically on your requirements and circumstances. They therefore include an in-depth assessment of your present circumstances by our specialist probate solicitor. 

Our fees for a standard single Will is between £450.00 – £550.00 plus VAT (£540.00 – £660.00 gross). 

The fees for a Will also depend on the areas that need to be covered in the Will, the extent and location of the assets and liabilities of the estate, how long or how quickly the Will is to be finalised, whether it includes any trusts and the IHT implications involved. Discounts are offered if we are instructed by you and your partner and you come to any meetings together.

Please contact our private client directly for a quote in respect of your Will matter.

Debt Recovery

Our debt recovery expertise is predominantly in respect of the recovery of arrears of service charges for blocks of flats. Our intention is always to recover our costs from the defaulting lessee and/or their mortgagees so that the recovery is costs neutral for our clients. Where this is not possible we charge £600 plus VAT and disbursements including land registry search fees for the initial pre-action correspondence.

If proceedings are required, then we charge a further amount of £500 plus VAT and court fees to prepare and issue a money claim online and to enter a default judgment.

If the case is defended then we charge costs on a time recorded basis at an hourly charge-out rate of between £280-£300 per hour plus VAT and disbursements which may include counsel’s fees.

For non-landlord and tenant debt recovery, we will charge the same fixed and variable fees.

Court fees for the issue of debt proceedings will be 4.5% of the total online and 5% for a paper application. Other relevant Court fees will include £325 – £355 to issue possession proceedings£255 for an interim application; £100 for a consent order and hearing fees in the range of £25 – £1090 depending on the value/track.

Deputyship Orders

How long will it take to complete the process?

An application for a Deputyship Order can be made in respect of the Donor’s personal welfare and/or their property and financial affairs. The duration of the process will depend on the type of applications sought. 

Once all of the details required to complete the relevant Court of Protection forms have been ascertained, our team should be able to complete the relevant documents within a week thereof. 

The application will, however, also need to be supported by a statement from a medical professional, who can confirm that the patient (the person on whose behalf the deputy wishes to act) no longer has sufficient mental capacity to deal with their own affairs. The duration of this stage of the process will depend on the workload of the said professional and how soon they are able to provide their statement.

Once all of the relevant documents and supporting evidence have been finalised or collected by our team, these documents will be submitted to the Court of Protection to be processed and the extent of time that the court may take will greatly depend on their workload at that moment in time.    

Fees

Fees are based on the extent of the work involved. Our fees start at £895.00 plus VAT £1,074.00 gross) and disbursements.

Please contact our private client directly for a quote in respect of your Court of Protection application.

How can we help you today?

Need help with your flat?

The Lease Clinic is our specialist department that deals with issues faced by flat owners such as lease extensions, freehold acquisitions, right to manage & absent landlords.

We appreciate your interest in our legal services.

Call us today on +44 (0) 20 7485 0888

Get in Touch

  • advice@comptons.co.uk
  • DX: 57057 Camden Town
  • Tel: +44 (0) 20 7485 0888
  • Fax: +44 (0) 20 7485 1145
  • 90-92 Parkway
    London NW1 7AN

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