• Heringtons Sign
  • Battle brass plate
  • Battle Abbey
  • Rye front door
  • Rye Harbour
  • Bandstand
  • Hastings Pier at Sunset

Our fees

RESIDENTIAL CONVEYANCING: FREEHOLD SALE

 

At Heringtons we pride ourselves on offering a clear pricing structure for the high level of service we provide.  We ensure there are no hidden charges.  Not all firms offer the same level of service and this is reflected in the fees charged. Heringtons do not charge fixed fees so you will only pay for the time spent on your matter. 

 

We provide an estimate related to the value of the property involved. This is because in our experience this is a good guide to the level of work involved.  But, every transaction is different depending on your needs and circumstances and the type of property involved so we’ll let you know if the estimate needs to be reviewed.  We aim to help you move on the day you choose and don’t usually charge more just because we need to act quickly. Our charges for the sale of a single residential freehold property are estimated to be:

Property price                         Fee                VAT                 Total

Up to £175,000                         £850              £170                £1,020

£175,001 to £250,000               £950              £190                £1,140

£250,001 to £500,000               £1,050           £210                £1,260

£500,001 to £750,000               £1,250           £250                £1,500

£750,001 to £1 million               £1,550           £310                £1,860

£1 million to £1.2 million            £1,800           £360                £2,160

 

In addition to the figures shown above there will be further time spent in appropriate transactions at the estimated cost shown:

To repay each mortgage                                £75 + VAT          (£90)

 

We will also charge the following for each bank transfer made during your transaction:                                                                                                         

1.  Transfer by BACs (takes 4 days)                £25 + VAT each (£30)

2. Transfer by CHAPs (same day)                   £40 + VAT each (£48)

 

If the time spent on your transaction at completion is less than that estimated at the outset, we will charge you less; we may have to charge you more but this is unusual and we’ll be sure to let you know as soon as we can.  The amount you pay is calculated using the following hourly rates:

Position                                                          Hourly Rate

Partner/Senior Solicitor                                   £200-£260

Senior Licensed Conveyancer                          £200

Junior Solicitor                                               £180

Chartered Legal Executive                              £180

Conveyancing Executive                                 £180

Paralegal                                                      £150

 

The work on your sale will be handled by a named specialist property lawyer helped by trained admin staff.   Your lawyer can call on a wide range of expertise across Heringtons to support you in any unusual situations that may arise.

 

Disbursements are costs paid to others, such as the Land Registry. We ask for a payment in advance so that we can easily handle these disbursements to ensure your move proceeds as smoothly as possible.  Usual payments include:                                                           

1. Land Registry Official Copies   £3 per entry/plan/document obtained

2. Bankruptcy Searches             £2 per name searched

 

In a freehold sale transaction, our estimates allow for the following steps:

•  Taking your instructions and giving initial advice

•  Authenticating the Buyer’s lawyer’s details;

•  Preparing the initial contract pack and sending this to the Buyer’s lawyers;

•  Dealing with and advising you on any relevant enquiries raised by the Buyer’s lawyers, including obtaining planning consents or other documents from third parties where relevant;

•  Obtaining any management information and providing this to the Buyer’s lawyers, where relevant for freehold properties;

•  Sending the contract, transfer and any other documentation to you for signature;

•  Exchanging contracts and handling any deposit paid;

•  Notifying you of the anticipated net sale proceeds;

•  Redeeming any mortgage(s) and/or charge(s) held over the property, including any Green Deal, Local Authority grant payments or other such agreements;

•  Arranging the transfer of funds on completion in accordance with your instructions;

•  Taking out any agreed indemnity insurance and forwarding to the Buyer’s lawyers;

•  Arranging payment of agents commission where agreed by you;

•  Notifying all relevant parties of completion;

•  Reasonable liaison with you, any lender and third parties throughout;

•  Where relevant, dealing with any notices, restrictions, retentions and straight-forward post completion matters on your behalf; and

•  Retaining and storing deeds on request.

 

On rare occasions there are unexpected complexities or things take longer than expected. Examples include dealing with unregistered land; any agricultural aspects, the drafting of Statutory Declarations and/or other deeds required as part of the sale.   We will discuss with you as soon as possible any issues that are likely to mean an increase in our fees and we will provide an updated estimate.

 

RESIDENTIAL CONVEYANCING: FREEHOLD PURCHASE

 

At Heringtons we pride ourselves on offering a clear pricing structure for the high level of service we provide.  We ensure there are no hidden charges.  Not all firms offer the same level of service and this is reflected in the fees charged. Heringtons do not charge fixed fees so you will only pay for the time spent on your matter. 

 

We provide an estimate related to the value of the property involved. This is because in our experience this is a good guide to the level of work involved.  But, every transaction is different depending on your needs and circumstances and the type of property involved so we’ll let you know if the estimate needs to be reviewed.  We aim to help you move on the day you choose and don’t usually charge more just because we need to act quickly. Our charges for the purchase of a single residential freehold property are estimated to be:

Property price                         Fee                VAT                 Total

Up to £175,000                         £850              £170                £1,020

£175,001 to £250,000               £950              £190                £1,140

£250,001 to £500,000               £1,050           £210                £1,260

£500,001 to £750,000               £1,250           £250                £1,500

£750,001 to £1 million               £1,550           £310                £1,860

£1 million to £1.2 million            £1,800           £360                £2,160 

 

In addition to the figures shown above there will be further time spent in appropriate transactions at the estimated cost shown:

1.  Where the property is a new build  £200 + VAT                (£240.00)

2.  Where you obtain a mortgage*      £125 + VAT                (£150.00)

3.  Help to Buy Loan                          £350 + VAT                (£420.00)

4.  Help to Buy ISA or LISA                £50 + VAT                  (£60.00)

5.  Investment Property                     £100 + VAT                (£160.00)

*Excluding bridging finance which is charged on a separate basis, an estimate for dealing with which will be provided on request.

 

We will also charge the following for each bank transfer made during your transaction:     

1.  Transfer by BACs (takes 4 days)     £25 + VAT each         (£30.00)

2.  Transfer by CHAPs (same day)       £40 + VAT each         (£48.00)

 

If the time spent on your transaction at completion is less than that estimated at the outset, we will charge you less; we may have to charge you more but this is unusual and we’ll be sure to let you know as soon as we can.  The amount you pay is calculated using the following hourly rates:

Position                                                          Hourly Rate

Partner/Senior Solicitor                                    £200-£260

Senior Licensed Conveyancer                           £200

Junior Solicitor                                                £180

Chartered Legal Executive                               £180

Conveyancing Executive                                  £180

Paralegal                                                       £150

 

The work on your sale will be handled by a named specialist property lawyer helped by trained admin staff.  Your lawyer can call on a wide range of expertise across Heringtons to support you in any unusual situations that may arise.

 

Disbursements are costs paid to others, such as the Land Registry. We ask for a payment in advance so that we can easily handle these disbursements to ensure your move proceeds as smoothly as possible.  Usual payments include:

1.  Searches                               £350 upwards (varies as to Local Authority)

2.  Land Registry Official Copies   £3 per entry/plan/document obtained

3.  Land Registry Searches          £3 per title searched

4.  Bankruptcy Searches             £2 per name searched

5.  HM Land Registration Fee       See below

            Property price                                   Fee

            Up to £80,000                                    £20

            £80,001 to £100,000                          £40

            £100,001 to £200,000                        £95

            £200,001 to £500,000                        £135

            £500,001 to £1 million                        £270

            £1 million plus                                    £455

            Please note if the transaction involves a transfer of part (which can include a new build) the registration fee is doubled by the Land Registry

 

You will also be required to pay any Stamp Duty Land Tax (‘SDLT’) due which we cannot estimate at this stage.  However, you may wish to refer to the SDLT Calculator on the gov.uk  website.

 

In a freehold purchase transaction, our estimates allow for the following steps:

•  Taking your instructions and providing any initial advice:

•  Preliminary checks as to gifted deposits/funds from third parties, eg relatives:

•  Making initial contact with third parties as necessary:

•  Reviewing title documentation and providing advice:

•  Carrying out searches, providing copies of the results and reporting on those to you:

•  Advising you as to any disclaimer for not taking out searches (should you be a cash buyer):

•  Applying for further planning or building regulation documents, if not provided by the Seller, where relevant (please note there may be additional fees charged by the Local Authority):

•  Raising appropriate enquiries with the Seller’s lawyers:

•  Reviewing and advising you as to any indemnity policy required:

•  Reporting to you as to satisfactory replies to enquiries and other matters regarding the property in general:

•  Reporting to you upon your mortgage, if any:

•  Obtaining any Consent to Mortgage, where necessary:

•  Dealing with special conditions imposed within a mortgage offer:

•  Completing the SDLT Return for your approval:

•  Sending the contract/transfer/SDLT Return to you for signature:

•  Checking your proposed buildings insurance on behalf of any lender:

•  Exchanging contracts, forwarding any deposit due to the Seller’s lawyers:

•  Confirming title to your lender and requesting any mortgage advance:

•  Authenticating the Seller’s lawyers and their financial details to minimise fraud:

•  Confirming funds, if any required from you:

•  Arranging the transfer of funds on completion to the Seller’s lawyer:

•  Notifying all relevant parties of completion:

•  Submitting the SDLT Return to HMRC and arranging payment from funds received from you:

•  Putting any indemnity insurance policy (not provided by the Seller’s lawyers) at risk:

•  Applying for registration at the Land Registry and dealing with requisitions raised:

•  Dealing with straight-forward post completion matters such as retentions or restrictions:

•  Sending your lender copies of the registration title documents where so required:

•  Sending you confirmation of the registration and where relevant, any deeds:

•  Reasonable liaison with you, any lender and third parties throughout; and

•  Retaining and storing deeds on request.

 

On rare occasions there are unexpected complexities or things take longer than expected. Examples include drafting a Declaration of Trust or approval of Legal Charge, investigating a gifted deposit from abroad, drafting any Insolvency Declaration, issues involving any agricultural aspects, overage and/or unregistered land or providing advice as to letting a property post completion.  We will discuss with you as soon as possible any issues that are likely to mean an increase in our fees and we will provide an updated estimate.

 

RESIDENTIAL CONVEYANCING: LEASEHOLD PURCHASE

 

At Heringtons we pride ourselves on offering a clear pricing structure for the high level of service we provide.  We ensure there are no hidden charges.  Not all firms offer the same level of service and this is reflected in the fees charged. Heringtons do not charge fixed fees so you will only pay for the time spent on your matter. 

 

We provide an estimate related to the value of the property involved. This is because in our experience this is a good guide to the level of work involved.  But, every transaction is different depending on your needs and circumstances and the type of property involved so we’ll let you know if the estimate needs to be reviewed.  We aim to help you move on the day you choose and don’t usually charge more just because we need to act quickly. Our charges for the purchase of a single residential leasehold property are estimated to be:

Property price                         Fee                VAT                 Total

Up to £175,000                         £1,050           £210                £1,260

£175,001 to £250,000               £1,150           £230                £1,380

£250,001 to £500,000               £1,250           £250                £1,500

£500,001 to £750,000               £1,450           £290                £1,740

£750,001 to £1 million               £1,750           £350                £2,100

£1 million to £1.2 million            £2,000           £400                £2,400

 

If the time spent on your transaction at completion is less than that estimated at the outset, we will charge you less; we may have to charge you more but this is unusual and we’ll be sure to let you know as soon as we can.  The amount you pay is calculated using the following hourly rates:

Position                                                          Hourly Rate

Partner/Senior Solicitor                                   £200-£260

Senior Licensed Conveyancer                          £200

Junior Solicitor                                               £180

Chartered Legal Executive                              £180

Conveyancing Executive                                 £180

Paralegal                                                       £150

 

In addition to the figures shown above there will be further time spent in appropriate transactions at the estimated cost shown:

1.  Shared Ownership                           £200 + VAT    (£220)

2.  Where the property is a new build    £200 + VAT    (£240)

3.  Where you obtain a mortgage*        £125 + VAT    (£150)

4.  Help to Buy Loan                            £350 + VAT    (£420)

5.  Help to Buy ISA or LISA                  £50 + VAT      (£60)

6.  Investment Property                       £100 + VAT    (£160)

 *Excluding bridging finance which is charged on a separate basis, an estimate for dealing with which will be provided on request.

 

We will also charge the following for each bank transfer made during your transaction:

1.  Transfer by BACs (takes 4 days)    £25 + VAT each         (£30)

2.  Transfer by CHAPs (same day)      £40 + VAT each         (£48)

 

The work on your sale will be handled by a named specialist property lawyer helped by trained admin staff.   Your lawyer can call on a wide range of expertise across Heringtons to support you in any unusual situations that may arise.

 

Disbursements are costs paid to others, such as the Land Registry. We ask for a payment in advance so that we can easily handle these disbursements to ensure your move proceeds as smoothly as possible.  Usual payments include:

1.  Searches                                    £350 upwards (varies as to Local Authority)
2.  Land Registry Official Copies        £3 per entry/plan/document obtained
3.  Land Registry Searches               £3 per title searched
4.  Bankruptcy Searches                  £2 per name searched
5.  Notice of Transfer and/or Charge Varies (set by freeholder or managing agent)
6.  HM Land Registration Fee            See below

            Property price                                   Fee

            Up to £80,000                                    £20

            £80,001 to £100,000                          £40

            £100,001 to £200,000                        £95

            £200,001 to £500,000                        £135

            £500,001 to £1 million                        £270

            £1 million plus                                    £455

            Please note if the transaction involves a transfer of part (which can include a new build) the registration fee is doubled by the Land Registry

 

You will also be required to pay any Stamp Duty Land Tax (‘SDLT’) due which we cannot estimate for you at this stage.  However, you may wish to refer to the SDLT Calculator on the gov.uk website.

 

In a leasehold purchase transaction, our estimates allow for the following steps:

•  Taking your instructions and providing any initial advice;

•  Preliminary checks as to gifted deposits/funds from third parties, eg relatives

•  Making initial contact with third parties as necessary;

•  Reviewing the lease and any deed of covenant and advising you upon it;

•  Review the title documentation and providing advice;

•  Carrying out searches, providing copies of the results and reporting on those to you;

•  Advising you as to any disclaimer for not taking out searches (should you be a cash buyer);

•  Applying for further planning or building regulation documents, where relevant (please note there may be additional fees charge by the Local Authority)

•  Reviewing and advising upon any management pack, where received;

•  Reviewing and advising as to any indemnity policy required;

•  Raising appropriate enquiries with the seller’s lawyers;

•  Reporting to you as to satisfactory replies to enquiries and other matters regarding the property in general;

•  Confirming the conditions of any mortgage;

•  Obtaining any Consent to Mortgage;

•  Dealing with special conditions imposed within a mortgage offer;

•  Completing the SDLT Return for your approval;

•  Sending the contract/transfer/SDLT Return to you for signature;

•  Checking your proposed buildings insurance on behalf of any lender;

•  Exchanging contracts, forwarding any deposit due to the Seller’s lawyers;

•  Confirming title to your lender and requesting any mortgage advance;

•  Authenticating Seller’s lawyers and their financial details to minimise fraud;

•  Confirming funds, if any required from you;

•  Arranging the transfer of funds on completion to the Seller’s lawyer;

•  Notifying all relevant parties of completion;

•  Submitting the SDLT Return to HMRC and arranging payment from funds received from you;

•  Putting any indemnity insurance policy (not provided by the Seller’s lawyers) at risk;

•  Applying for registration at the Land Registry;

•  Dealing with straight-forward post completion matters, including serving notice of transfer and/or charge, retentions and restrictions;

•  Sending your lender copies of the registration title documents where so required;

•  Sending you confirmation of the registration title documents and deeds;

•  Reasonable liaison with you, any lender and third parties throughout; and

•  Retaining and storing deeds on request.

 

On rare occasions there are unexpected complexities or things take longer than expected. Examples include drafting a Declaration of Trust or approval of Legal Charge or lease extension, investigating a gifted deposit from abroad, drafting any Insolvency Declaration, providing advice as to letting a property post completion.  We will discuss with you as soon as possible any issues that are likely to mean an increase in our fees and we will provide an updated estimate.

 

RESIDENTIAL CONVEYANCING: LEASEHOLD SALE

 

At Heringtons we pride ourselves on offering a clear pricing structure for the high level of service we provide.  We ensure there are no hidden charges.  Not all firms offer the same level of service and this is reflected in the fees charged. Heringtons do not charge fixed fees so you will only pay for the time spent on your matter. 

 

We provide an estimate related to the value of the property involved. This is because in our experience this is a good guide to the level of work involved.  But, every transaction is different depending on your needs and circumstances and the type of property involved so we’ll let you know if the estimate needs to be reviewed.  We aim to help you move on the day you choose and don’t usually charge more just because we need to act quickly. Our charges for the sale of a single residential leasehold property are estimated to be:

Property price                         Fee                VAT                 Total

Up to £175,000                         £1,050           £210                £1,260

£175,001 to £250,000               £1,150           £230                £1,380

£250,001 to £500,000               £1,250           £250                £1,500

£500,001 to £750,000               £1,450           £290                £1,740

£750,001 to £1 million               £1,750           £350                £2,100

£1 million to £1.2 million            £2,000           £400                £2,400

 

In addition to the figures shown above there will be further time spent in appropriate transactions at the estimated cost shown:

To repay each mortgage                  £75 + VAT                  (£90) 

 

We will also charge the following for each bank transfer made during your transaction:

1.  Transfer by BACs (takes 4 days)  £25 + VAT each         (£30)

2.  Transfer by CHAPs (same day)    £40 + VAT each         (£48)

 

If the time spent on your transaction at completion is less than that estimated at the outset, we will charge you less; we may have to charge you more but this is unusual and we’ll be sure to let you know as soon as we can.  The amount you pay is calculated using the following hourly rates:

Position                                                          Hourly Rate

Partner/Senior Solicitor                                   £200-£260

Senior Licensed Conveyancer                          £200

Junior Solicitor                                               £180

Chartered Legal Executive                              £180

Conveyancing Executive                                 £180

Paralegal                                                      £150

 

The work on your sale will be handled by a named specialist property lawyer helped by trained admin staff.   Your lawyer can call on a wide range of expertise across Heringtons to support you in any unusual situations that may arise.

 

Disbursements are costs paid to others, such as the Land Registry. We ask for a payment in advance so that we can easily handle these disbursements to ensure your move proceeds as smoothly as possible.  Usual payments include:

1.  Land Registry Official Copies   £3 per entry/plan/document obtained

2.  Bankruptcy Searches             £2 per name searched

3.  Freehold Management Pack   Varies – charged by the freeholder

 

In a leasehold sale transaction, our estimates allow for the following steps:

•  Taking your instructions and giving initial advice;

•  Authenticating the Buyer’s lawyer’s details;

•  Reviewing the title and preparing the initial contract pack and sending it to the Buyer’s lawyers;

•  Corresponding with any relevant managing company, managing agent and/or freeholder for management information;

•  Dealing with and advising you on any relevant enquiries raised by the Buyer’s lawyers;

•  Sending the contract, transfer and any other documentation to you for signature;

•  Reviewing any management pack received from the freeholder;

•  Exchanging contracts and agreeing the completion date;

•  Notifying you of the anticipated net sale proceeds;

•  Redeeming any mortgage or charge held over the property, including any green deal or Local Authority payments;

•  Arranging transfer of funds on completion;

•  Taking out any agreed indemnity insurance and forwarding to the Buyer’s lawyers;

•  Arranging payment of agents commission where agreed by you;

•  Notifying all relevant parties of completion;

•  Reasonable liaison with you, any lender and third parties throughout;

•  Dealing with any notices, restrictions, retentions, straight-forward post completion matters; and

•  Retention of files/deeds or forwarding them to you for safe-keeping.

 

On rare occasions there are unexpected complexities or things take longer than expected. Examples include dealing with unregistered land; drafting any lease extension or deed of variation and obtaining any lender’s consent to the same or drafting of Statutory Declarations required as part of the sale.  We will discuss with you as soon as possible any issues that are likely to mean an increase in our fees and we will provide an updated estimate.

 

RESIDENTIAL CONVEYANCING: REMORTGAGES:

 

At Heringtons we pride ourselves on offering a clear pricing structure for the high level of service we provide.  We ensure there are no hidden charges.  Not all firms offer the same level of service and this is reflected in the fees charged. Heringtons do not charge fixed fees so you will only pay for the time spent on your matter. 

 

We estimate that a (re)mortgage will cost between £750 and £950 plus VAT.  Where your (re)mortgage will fall within this range depends on the requirements of the lender you have chosen, the amount of the loan and the type of property involved.  Every mortgage is different so we’ll let you know if the estimate needs to be reviewed. 

 

If the time spent on your transaction at completion is less than that estimated at the outset, we will charge you less; we may have to charge you more but this is unusual and we’ll be sure to let you know as soon as we can.  The amount you pay is calculated using the following hourly rates:

Position                                                          Hourly Rate

Partner/Senior Solicitor                                   £200-£260

Senior Licensed Conveyancer                          £200

Junior Solicitor                                               £180

Chartered Legal Executive                               £180

Conveyancing Executive                                  £180

Paralegal                                                       £150 

 

In addition to the figures shown above there will be further time spent in appropriate transactions at the estimated cost shown:

To repay each mortgage               £75 + VAT                  (£90)

 

We will also charge the following for each bank transfer made during your transaction:

1.  Transfer by BACs (takes 4 days)  £25 + VAT each         (£30)

2.  Transfer by CHAPs (same day)    £40 + VAT each         (£48)

 

The work on your sale will be handled by a named specialist property lawyer helped by trained admin staff.   Your lawyer can call on a wide range of expertise across Heringtons to support you in any unusual situations that may arise.

 

We reserve the right to review the estimate and on the rare occasions there are unexpected complexities or the transaction becomes protracted, we will discuss this with you and provide an updated estimate. Ultimately if the time spent on your transaction at completion amounts to less than that estimated, we will charge you less.

 

Disbursements are costs paid to others, such as the Land Registry. We ask for a payment in advance so that we can easily handle these disbursements to ensure your move proceeds as smoothly as possible.  Usual payments include:

1.  Searches                               £350 upwards (varies as to Local Authority)* 
2.  Search Insurance                   £100-£400 (varies depending on lender) 
3.  Land Registry Official Copies   £3 per entry/plan/document obtained
4.  Land Registry Searches          £3 per title searched
5.  Bankruptcy Searches             £2 per name searched
6.  HM Land Registration Fee       £20-40

*payable where your lender requires searches be undertaken

 

In a (re)mortgage transaction, our estimates allow for the following steps:

•  Taking your instructions and giving initial advice;

•  Reviewing title documentation and providing advice to you and your lender;

•  Carrying out searches and reviewing the same on behalf of your lender;

•  Applying for further planning or building regulation documents, where required by your lender (please note there may be additional fees charge by the Local Authority);

•  Checking the terms of any Lease where relevant;

•  Reviewing and advising as to any indemnity policy required by your lender;

•  Confirming the conditions of any mortgage;

•  Obtaining any Consent to Mortgage;

•  Dealing with special conditions imposed within a mortgage offer;

•  Confirming title to your lender and requesting any mortgage advance;

•  Redemption of any existing mortgage;

•  Arranging the transfer of funds to you;

•  Putting any indemnity insurance policy at risk;

•  Applying for registration of the charge at the Land Registry;

•  Sending your lender the registration title documents where so required;

•  Sending you the registration title documents;

•  Reasonable liaison with you, any lender and third parties throughout; and

•  Retaining and storing deeds on request.

 

On rare occasions there are unexpected complexities or things take more time than expected. Examples include dealing with unregistered land; drafting any lease extension or deed of variation and obtaining any lender’s consent to the same as part of the (re)mortgage and any simultaneous transfer of equity.  We will discuss with you as soon as possible any issues that are likely to mean an increase in our fees and we will provide an updated estimate.


 

Heringtons is the trading name of Heringtons LLP which is a limited liability partnership registered in England and Wales (registered number OC374843) and which is authorised and regulated by the Solicitors Regulation Authority (registered number 569513). Registered office: Bank Chambers, High Street, Rye. TN31 7JR We use the word “partner” to refer to a member of the LLP and our use of that word does not imply any legal obligation beyond that of a member of the LLP. We use the word “lawyer” to refer to any person providing legal services whether or not he or she is a qualified professional. Our professional indemnity insurers are AmTrust Europe Limited of No 2, Minster Court, Mincing Lane, London EC3R 7BB and the territorial cover of that insurance is worldwide

Heringtons Menu