BARTON LAW LTD

Our Fees

How much will the legal fees be?

No property is exactly the same and our fees will reflect the particular requirements of your equity release. Because of this, we cannot give you an exact estimate of the cost of us helping you until we have details of your intended transaction. That is why we will always give you an individual cost estimate at the start of the transaction.  We will always advise you immediately about any complication and discuss the potential impact before any additional charges are incurred.  Our typical legal fees range from £650 (including VAT) to £1200 (including VAT), the average fee charged is £840 (including VAT). 

Please note that any reference to VAT is at the current rate of 20% unless otherwise stated. We do have marketing agreements with a number of independent financial companies which involve a monthly payment to assist with their marketing.  Any such relationship will be disclosed in our Client Care letter to you and further details can be supplied to you upon request. 

In the large majority of transactions we will be able to give to you specific details upfront of legal fees and the disbursements which you will incur.

Our legal fees for any additional work would be as follows:

Leasehold property fee

£250 + VAT

Unregistered property fee

£450 + VAT

Transfer of Ownership fee

£350 + VAT

Telegraphic Transfer fee

£35 + VAT

Home visit by an Barton Law Ltd representative

£100 + VAT - £150 + VAT.   This fee will be charged if the client cancels an appointment with less than 24hrs notice or does not complete the equity release.

Dealing with Third Party Lawyers (e.g. Matrimonial dispute / divorce cases / transfers / lease extensions / purchase cases)

From £350 + VAT

Stamp Duty Land Tax Return Forms

£75 + VAT

Dealing with CCJ's / restrictions / cautions on deeds

£150 + VAT

Bankruptcy issues / Dealing with Third Party Lawyers

£150 + VAT

Company Landlord Searches

£20 + VAT

Please note that any reference to VAT is at the current rate of 20% unless otherwise stated.

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.

The following disbursements could become payable throughout your transaction:

AML

£15 + VAT per person

Land Registry fees - Register View

£3.60 including VAT per document

Land Registry Official copy documents

We would refer you to the Land Registry website.

Land Registration fees

We would refer you to the Land Registry website.

Special Delivery fee

£7.14 including VAT

Local Authority and Drainage Searches

Fees will vary as dependent upon Local Authority Charges, but will vary between £120 to £420 including VAT

Mining Search

£60 including VAT

Indemnity insurance policy

Fees vary from £20 to £500 as dependent upon the property value

Administration, Bank Reconciliation, Electronic Storage and Closure

£100 + VAT

Dealing with Mortgage Shortfall

£100 + VAT

Restriction Consent fees

Fees will vary as fee is set by Company providing Consent

Copy planning and building regulations notices

Prices will vary as dependent upon Local Authority charges

Copy Court documents

Prices will vary as dependent upon Court fees

Copy Birth & Marriage Certificates

£11.10 including VAT per document

Please note that any reference to VAT is at the current rate of 20% unless otherwise stated. 

If your property is leasehold then the additional disbursements may become payable:

Landlord/Managing Agents pack

Prices are set by Landlord/Managing Agents

Notice of Charge

Prices are set by Landlord/Managing Agents

SDLT payment is based on the value of your property and this may be payable.  We would advise at the time of the amount payable. Assistance with calculating the amount you will need to pay can be obtained by using the HMRC's website.

Examples of SDLT charges are listed below:

Property value £150,000

No tax payable

Property value £350,000

£2,500 tax payable

Property value £650,000

£22,500 tax payable

What is commonly taken into account when determining the legal costs within the range given?

Common factors include :

  • Whether it is freehold or leasehold
  • The complexity of the property and transaction

FAQS

Can you give some examples of the type of matters which could fall outside the typical range given above?

Property transactions are many and varied.  Generally it is the additional work undertaken which brings a transaction outside the usual range of costings.  Examples would include: cases with matrimonial issues, transfers of property ownership, lease extensions, linked sales and purchases, titles splits, complicated unregistered titles and solar panels Deed of Variations.

What is the Equity Release procedure?

It is difficult to be precise as to how long each transaction will take as certain factors are outside our control.  However we have produced a guidance sheet which provides an approximate timeline as well as setting out the different stages involvedClick to view the procedure.

Who will act on your behalf?

Please follow the link which will give the details of our Directors, Solicitors, Equity Release Lead Executives and Conveyancing Executives,  This will give details of each individuals experience and qualifications. One of these advisers will then be allocated to you and will liaise with you directly.  

CONTACT US

01392 241 277

info@bartonlawltd.co.uk

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Barton Law Ltd is a firm of solicitors which is authorised and regulated by the Solicitors Regulation Authority (No. 839489). Please note that calls may be recorded for training and monitoring purposes. Website designed, built, and maintained by Nettl.

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