Facebook Twitter Linkedin

Ola Leslie Solicitors London Bridge SE1

Pricing

Property Purchase

£399 - £5,000

(+20% VAT of £79.80 – £1,000)

  • Leasehold: £150 – £300 (+20% VAT of £20 – £60)
  • Help To Buy: £100 – £500 (+20% VAT of £20 – £100)
  • Help To Buy ISA: £50 (+20% VAT of £10)
  • Telegraphic Transfer: £49.50 + VAT
  • SDLT Admin: £50 – £125 (+20% VAT of £10 – £25)
  • Acting For Lender: £100 – £500 (+20% VAT of £20 – £100)
  • Islamic Mortgage: from £500 + VAT
  • Administering Gifted Deposit – from a third party: £95 – £295 (+20% VAT of £19 – £59)
  • Administration for Applying Unilateral Notice – with the Land Registry: £50 (+20% VAT of £10)
  • Update to External Portals: £35 – £95 (+20% VAT of £7 – £19)
  • Limited Company Purchase: £250 (+20% VAT of £50)
  • ID/AML Checks: £49 + VAT per person
  • Pre-Completion Searches: £49.00 + VAT

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

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.

  • Search Pack: £549 (+20% VAT of £109.80)
  • Land Registry Fee: £40 – £910

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

  • If the property is leasehold;
  • If a lease extension of deed of variation is required;
  • If there is Help to Buy involvement;
  • If you wish for us to expedite your transaction;
  • If we also need to act for your lender;
  • If there is a referral fee;
  • If the purchase is off-plan;
  • If we cannot meet you in person and will need to complete an electronic ID check;
  • If a unilateral notice is required to be registered with the Land Registry;
  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

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.

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 8-12 weeks.

It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 8 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 12 to 18 weeks. In such a situation additional charges would apply.

The precise stages involved in the purchase of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard purchase.

  • 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.
  1. 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;
  2. this is the assignment of an existing lease and is not the grant of a new lease;
  3. the transaction is concluded in a timely manner and no unforeseen complication arise;
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  5. no indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  6. you are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

Property Sale

£399 - £5,000

(+20% VAT of £79.80 – £1,000)

  • Leasehold: £150 – £300
  • Telegraphic Transfer: £49.50 + VAT
  • Islamic Mortgage (Redemption): £500 + VAT
  • Limited Company Sale: £250 (+20% VAT of £50)
  • ID/AML Checks: £49 + VAT per person
  • Office Copies: £85 + VAT

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

Disbursements are costs related to your matter that are payable to third parties, such as management packs (if applicable). We handle the payment of the disbursements on your behalf to ensure a smoother process.

 

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

  • If the property is leasehold;
  • If there is a referral fee;
  • If you wish for us to expedite your transaction;
  • If we cannot meet you in person  and will need to complete an electronic ID check;
  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

The length of time between instructing us (once receiving an offer on your property) to moving out of your property will depend on a number of factors. The average process takes 12-14 weeks.

 

It can be quicker or slower, depending on the parties in the chain and the timeliness of each party’s responses and returning documents. For example, if you are selling a property that is leasehold, we will need to apply for the management pack; this can take significantly longer depending on the timeframes of the individual management company. Another example would be if you are selling a property with structural issues such as subsidence, this can take significantly longer than 6-10 weeks and in such a situation, additional charges would apply.

The precise stages involved in the sale of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard sale.

  • Take your instructions and give you initial advice;
  • Check finances are in place to fund any related purchase (if applicable);
  • Respond to any pre contract enquiries;
  • Obtain a copy of the Title and prepare a contract to send to purchasers Solicitors;
  • Collate information on fixtures and fittings and send to purchasers Solicitors;
  • Respond to any raised enquiries;
  • Receive transfer and arrange signature with you;
  • Arrange an exchange and completion date;
  • Obtain redemption statement from any relevant Lender to settle any outstanding amount on the mortgage;
  • Transfer any remaining money from sale to the seller.
  1. 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;
  2. The transaction is concluded in a timely manner and no unforeseen complication arise;
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  5. You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

Property Remortgage

£350 - £1,500

(+20% VAT of £70 – £300)

  • Leasehold: £100 – £300 (+20% VAT of £20 – £60)
  • Telegraphic Transfer: £49.50 +  VAT
  • Islamic Mortgage:from £500 + VAT
  • Second Equity Charge Redemption: £100 (+20% VAT of £20)
  • ID/AML Checks: £49 + VAT per person
  • Office Copies: £85 + VAT
  • Pre-Completion Searches: £49 + VAT
  • Search Indemnity: £75 + VAT

Amount of average referral fee paid £150.

Please note this is our average referral fee. This fee will vary depending on the source of the instruction.

Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.

  • Search Pack (If required by your lender): £260 – £549 (+20% VAT of £52 – £109.80)

Please note the fee range will vary depending on the work required. Factors which may increase the fees charged include:

  • If the property is leasehold;
  • If there is a referral fee;
  • If you wish for us to expedite your transaction;
  • If we cannot meet you in person and will need to complete an electronic ID check;
  • If you are a non-UK resident.

Please contact us for a quote tailored to your particular transaction.

The length of time between instructing us to successfully completing the remortgage process and your new lender details being submitted to the Land Registry, will depend on a number of factors. The average process takes between 4-6 weeks, however if your property is a leasehold it may take longer as we may need to liaise with your Landlord or Management Company.

It can be quicker or slower, depending on the nature of your individual circumstances, the timeliness of each party’s responses and returning of documents. For example, if you are remortgaging a property with a second equity redemption charge, this can increase the timeframes when corresponding with the relevant Help To Buy authority, who will have their own timeframes, to remove the charge.

The precise stages involved in the remortgage of a residential property vary according to the circumstances; however below we have outlined the traditional stages we carry out on a standard remortgage.

  • Take your instructions and give you initial advice;
  • Obtain the Title Deeds from HM Land Registry;
  • Receive your mortgage offer and report to you on this;
  • Apply for searches or search indemnity (dependent on what your lender requires);
  • Request an initial redemption statement from the lender;
  • Send a draft completion statement for you to check;
  • Report to lender and confirm you can comply with the mortgage conditions;
  • Set a completion date;
  • Reconfirm redemption figure;
  • Transfer any remaining surplus to you;
  • An application will be made to the Land Registry with the new lender’s interest.
  1. 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;
  2. The transaction is concluded in a timely manner and no unforeseen complication arise;
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  4. No indemnity policies are required. Additional disbursements may apply if indemnity policies are required;
  5. You are referring to us directly and not through a panel or agent where referral fees may apply, these will be disclosed to you in our client care letter.

OUR PRICES PROBATE

Within our team we have extensive experience of delivering a high quality service in all matters relating to Wills, Estate Planning and Estate administration. The team has particular expertise in high value estates and in inheritance tax matters. One member of our team will conduct most of the work on your matter, but we will involve other members where appropriate and in order that work is carried out at the right level.

 

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.

 

If you are the executor or administrator of an estate you might want to consider legal representation but are wondering about the fees and costs. Here we give you an overview of the services included and their respective costs. If you have any further questions contact us.

How much does this service cost?

You will appreciate that it is very difficult to estimate a likely fee before we know anything about the nature and complexity of a particular estate. Based on your individual circumstances we’ll advise you on the best option for you. Call us today for one of our specialist solicitors to provide you with an estimate.
Obtaining a grant of representation in England and Wales Our Price VAT (20%)
Obtaining a Grant (IHT205)
£950 – £3000
£190 – £600
Obtaining a Grant (IHT400)
£2500 – £6000
£500 – £1,200

VAT is a government tax that we are required to charge, and will usually be added at 20% to our fees and disbursements, except where we indicate the disbursements are outside the scope of VAT.

Administration of estate

Our fees for the administration of an estate range between 1% to 4% of the gross value of the estate depending on the complexity of your case and your location. You would be informed of any increase to our estimated fees prior to us carrying out any further work.

 

1-4% of Gross Estate (minimum fee £2500)
plus hourly rate of £160 – £325 (+20% VAT of £32 – £65)

 

It is difficult to give an accurate estimate of costs as this does depend on the complexity of the estate which in turn varies depending on the size of the estate, the type of assets held, the number and type of beneficiary etc. The costs can range anywhere between £2,500 – £15,000 (+20% VAT of £500 – £3,000) for a complex case. It can take 3 – 6 months to receive a grant of probate for a standard matter and then a further 6 – 12 months to conclude matters. More complex cases can take between 18 – 24 months to conclude. We will give a full estimate of costs and likely timescales at the start of the matter.

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Disbursements:

  • Probate court fee: £155 (plus £15 for 10 copies);
  • Bankruptcy-only Land Charges Department Searches: £2 per beneficiary;
  • Post in The London Gazette: £71.00, which protects against unexpected claims from unknown creditors;
  • Post in a Local Newspaper: £110, which also helps to protect against unexpected claims.
  • Provide you with a dedicated and experienced probate solicitor to work on your matter;
  • Identify the legally appointed executors or administrators and beneficiaries;
  • Accurately identify the type of Probate application you will require;
  • Obtain the relevant documents required to make the application;
  • Complete the Probate Application and the relevant HMRC forms;
  • Draft a statement of truth;
  • Make the application to the Probate Court on your behalf;
  • Obtain the Probate and securely send two copies to you;
  • Collect and distribute all assets in the estate.
Each case is individual and can differ in the time it takes to settle. This also depends on the timescales for applications of HMRC and the Probate Registry which are out of our control.

Other Work Areas

For all other work areas including immigraton, employment, licensing, we charge based on our hourly rate except if otherwise agreed with you at the start of your transaction.
  • Our hourly rates (at the date of publishing)
  • Partner: £395 plus VAT per hour
  • Solicitor: £295 plus VAT per hour
  • Paralegals: £200.00 plus VAT per hour
  • Solicitor: £295 plus VAT per hour

How the hourly rate works

As a basic starting point, as solicitors, we charge for our time. That is published as an hourly rate, but actually accrues, or builds up, in units of 6 minutes (known as “a unit”). The reason for this is that it is easier to monitor costs building up in hours that are divisible by 10. (10 x 6-minute units are 60 minutes). In this way, you can monitor your own time accrual according to the hourly rate of the solicitor that is working for you.

 

Here is an example:
The solicitor’s hourly rate is £200 per hour, so every unit cost £20.
If the solicitor spends 6 minutes on work for you, this will be transferred to a bill of £20.
If the solicitor spends 12 minutes (that’s 2 units), then it turns into a bill for £40 and so on.

Important Things to be Aware of:

The smallest unit of time that is on sale within this practice is 6 minutes. Therefore, if you engage in a 2-minute conversation, that will be recorded as one 6-minute unit. The same applies if you spend 3, 4 or 5 minutes on that call. If you spend 7 minutes, then it counts as two units.

 

VAT is applicable to all charges at whatever rate the government sets it at. Currently that is 20%. Therefore, if you are a consumer (not VAT registered and able to claim back the tax), then you should include the extra 20% in your calculations. Using the example above, the hourly rate INCLUDING VAT becomes £240 per hour, not £200 per hour. VAT is chargeable on all our services without exception.

OLA LESLIE SOLICITORS LLP

60 Borough High Street,

London Bridge

Southwark, London SE1 1XF

Our Services

Media & Resources

Legal

Recent Posts

Facebook Twitter Linkedin

“Ola Leslie Solicitors LLP is a limited liability partnership. Registered in England and Wales. Registered no: OC374424.

Regulated by the SRA and registered under SRA ID: 612672”

Copyright 2024 Olaleslie | All Rights Reserved

Trustpilot 4.8
facebook 4.9
Google 4.8