Tel : 020 8478 4492
Fax : 020 8514 5476
info@majesticsolicitors.co.uk
Majestic Solicitors can assist with your freehold sale or purchase, leasehold sale or purchase or mortgage or re-mortgage. The fee charged is dependent upon the value of the property. Majestic has substantial experience and expertise in all property related matters and for other property work please contact us for a quote.
Majestic fixed fee structure:
Property value | Fee - Sale / freehold excluding VAT | Fee - Sale / leasehold excluding VAT | Fee - Purchase / freehold excluding VAT | Fee - Purchase / freehold excluding VAT |
---|---|---|---|---|
Less than £200,000 | 650 | 800 | 750 | 900 |
£201,000-£350,000 | 700 | 850 | 800 | 950 |
£351,000-£500,000 | 750 | 900 | 850 | 1000 |
£501,000- £750,000 | 800 | 950 | 900 | 1050 |
£751,000-£1million | 900 | 1050 | 1000 | 1150 |
Over £1million | 1100 | 1250 | 1200 | 1350 |
The fee for a re-mortgage depends on the lender involved, its requirements and value of property and is charged on an hourly rate of £250 plus VAT. Based on experience our fee for a re-mortgage can range between £800 to £2000 plus VAT
Conveyancer's fees and disbursements
Value or price of Property | Fee |
---|---|
Up to £20,000 | £50.00 |
£20,001 - £80,000 | £100.00 |
£80,001 - £100,000 | £150.00 |
£100,001 - £150,000 | £200.00 |
£150,001 - £200,000 | £250.00 |
£200,001 - £250,000 | £300.00 |
£250,001 or more | £450.00 |
In addition to the land registry fee above of £70.00 is charged by land registry to register your mortgage. If your property is new a further £15.00 for new documents is chargeable
So the fee for your purchase is dependent upon the value of your Property plus the disbursements outlined above.
Our fee is based on your transaction not being or becoming unduly complex or protracted. The following are examples of factors that are likely to increase the cost of the service.
Disbursements are costs 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.
Stamp Duty or Land Tax (on purchase)
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 here.
How long will my house purchase take?
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 4-6 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 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 6 and 3 months. In such, a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Purchase of a leasehold residential property
Conveyancer's fees and disbursements
Value or price of Property | Fee |
---|---|
Up to £20,000 | £50.00 |
£20,001 - £80,000 | £100.00 |
£80,001 - £100,000 | £150.00 |
£100,001 - £150,000 | £200.00 |
£150,001 - £200,000 | £250.00 |
£200,001 - £250,000 | £300.00 |
£250,001 or more | £450.00 |
In addition to the land registry fees above a fee of £70.00 is charged by land registry to register your mortgage. If your property is new a further £15.00 for new documents is chargeable
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 lease from the seller's solicitors.
Anticipated Disbursements*
*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 this we receive this information.
Stamp Duty Land Tax
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.
The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Our fee assumes that:
You are required to provide price information if you assist clients with the preparation and submission of immigration applications, excluding asylum applications.
The following types of applications are covered by the rules:
Mandatory requirements
The quoted fee should include:
It should also be clear what is not included in the quoted fee, and specify what disbursements (such as interpreters fees) are included.
Best practice tips
• Ensure the information is in clear understandable language
• Translate pricing information into languages commonly spoken in the communities you serve.
• Explain the immigration process and refer to key forms using easy to understand descriptions rather than technical/numeric references.
• Avoid jargon only immigration practitioners understand – eg 'Surinder Singh applications' or 'legacy applications'.
• Consider other factors that may affect the cost of an immigration matter, such as whether it is a first-time applicant or extension, there are multiple dependents (eg several children), the language of the client, the number of supporting documents or witnesses, possible attendance at a Home Office interview, and whether it is a fast tracked / premium application.
A lot of immigration applications can use difficult language or jargon, eg:
• "VAF4A"
• "ILR"
• "Registration Certificate"
• "Naturalisation or registration under the British Nationality Act 1981".
It is better to use easier to understand, catchier headings, such as:
• "Applying for a visa to join family in the UK"
• "Settling in the UK"
• "Proof of residence for EU citizens"
• "Applying to become British"
Interpreters
Be clear about interpreters' fees. These are difficult to estimate, can rack up and are a significant proportion of the overall cost to consumers. This means even "fixed fees" may not always be particularly fixed.
We suggest that you provide a clear range of interpreters' costs. Sometimes a client may only need a couple of hours with an interpreter, other applications may need 10 or 15 hours.
We also suggest that you make it clear that the number of hours needed will vary on the complexities of the case, and list typical indicators that a case will take a higher number of hours.
Often clients will bring a friend or another community figure to come and help interpret. Firms should make it clear that clients do not always have to use an interpreter of the firm's choosing.
Example template (hourly rate): Application for leave to remain
Hourly rate: £250 plus VAT
On average, this type of work takes between 5-10 hours to complete. This means that on average costs are between £1250 and £2500 plus VAT.
The exact number of hours it will take depends on the circumstances in your case. Such as:
• The amount of supporting evidence that we need to consider
• Which language(s) you speak
• Whether you are applying with other dependants
If you are able to provide sufficient evidence at our first meeting and clearly meet the applicable Immigration Rules, the cost is likely to be at the lower end of this range.
What services are included
The work will involve:
*the amount of hours depends on the number of documents, whether they need to be translated, whether anything is missing and how long it will take to obtain the missing documents Disbursements (not included in costs set out above):
Disbursements are costs related to your matter that are payable to third parties, such as visa fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
How long will my application take?
We cannot guarantee how long the Home Office will take to process your application. Read the current processing times.
We will normally be able to submit this type of application within 4 weeks of you instructing us, but we will let you know at the earliest opportunity if it is likely to take longer than this.
Please note the anticipated number of hours and fees are an estimate based on the facts above. All applications are likely to vary and of course, we can give you a more accurate estimate once we have more information about your specific case.
Example template (Range of fixed fees) for a business to business debt that is undisputed
Court Claims
These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.
Debt value | Court fee | Our fee (incl. VAT) | Total |
Up to £5,000 | £205 | £1200 | £1405 |
£5,001 - £10,000 | £455 | £2400 | £2855 |
£10,001 - £50,000 | 5% value of the claim £500.05-£2,500.00 | £3600 | £4100.05-£6100.00 |
Anyone wishing to proceed with a claim should note that:
Our fee includes:
Matters usually take 4-12 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.
Family
We understand that the family breakdown can be stressful we at Majestic endeavours to reach a best possible outcome. We deal with all aspects of Ancillary Relief Application and Children Contact Order.
We charge on hourly basis at the rate of £250 plus Vat.
Probate
There are six stages in probate which are as follows:
Our Fees fees for probate are around £5,000+VAT - Disbursements to be paid in addition to the above fees include:
Swearing Oath = £10
Probate Fee = £155
Additional Copies of the Grant = 50p each
Likely Timescales
Dealing with the winding up of the affairs of someone who has died can take a long time. It is not unusual for it to take up to 12 months, longer if it is a large estate or if things are not straightforward.
We want to give you the best possible service. However, if at any point you become unhappy or concerned about the service we have provided then you should inform us immediately, so that we can do our best to resolve the problem.
In the first instance it may be helpful to contact the person who is working on your case to discuss your concerns and we will do our best to resolve any issues at this stage. If you would like to make a formal complaint, then please contact us for a company of our full complaints procedure. Making a complaint will not affect how we handle your case.
The Solicitors Regulation Authority can help you if you are concerned about our behaviour. This could be for things like dishonesty, taking or losing your money or treating you unfairly because of your age, a disability or other characteristic.
You can raise your concerns with the Solicitors Regulation Authority.
What do to if we cannot resolve your complaint
The Legal Ombudsman can help you if we are unable to resolve your complaint ourselves. They will look at your complaint independently and it will not affect how we handle your case.
Before accepting a complaint for investigation, the Legal Ombudsman will check that you have tried to resolve your complaint with us first. If you have, then you must take your complaint to the Legal Ombudsman:
• Within six months of receiving a final response to your complaint
and
• No more than six years from the date of act/omission; or
• No more than three years from when you should reasonably have known there was cause for complaint.
If you would like more information about the Legal Ombudsman, please contact them.
Contact details
Visit: www.legalombudsman.org.uk
Call: 0300 555 0333 between 9am to 5pm.
Email: enquiries@legalombudsman.org.uk
Legal Ombudsman PO Box 6806, Wolverhampton, WV1 9WJ
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