Our Fees

 

Under the Solicitors Regulation Authority’s (SRA) Transparency in price and service policy, as of December 2018 all law firms regulated by the SRA need to publish details about their prices for certain services. These new Transparency Rules have been put in place to help customers make an informed choice about the legal provider they choose by having information about prices, timescales and the experience and credentials of the solicitors who will undertake their matter easily accessible.

 

At TKD our aim is to be as transparent as we can about our fees so you know exactly where you stand. We recognise that each person’s case is different, so after initially meeting with you to discuss your matter we will be able to provide you with a clear idea of our fees, as well as any factors that could potentially increase or decrease the final cost so that there are no hidden surprises along the way.

 

 

 

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Certification of Affidavits / Oaths / Statutory Declarations

 

Certification of Affidavit or Statutory Declaration                                                                      £5 and 2£ for any following exhibit.

Certification as a Commissioner of Oaths                                                                                 £10

Certification of any other document (Simple ID Verification form)                                             £20 +  £5 for each additional signature

Certification of Full Passport Copy (all pages inclusive)                                                           £35

Verification of Identity (ID1 - for conveyancing purposes)                                                         £ 150 + VAT

 

 

Preparation of Affidavit / Oath or Statutory Declaration + Certification (up to 2 pages)            £50 + VAT

Preparation of Affidavit / Oath or Statutory Declaration + Certification (up to 3 pages)            £75 + VAT

 

 

Residential Conveyancing FEES:

 

 

 

Guide to Fees on a Sale

 

 Our charges                    £1500 plus VAT for sales up to a price of £500,000, then 0.50% plus VAT of the price for sales over £500,001, subject to the amount                                              of work that needs to be carried out.

                                                                                                                                                                               

  • Bank fee                                                        £30 plus VAT (per transfer)
  • Copy deeds                                                   £6- £18

 

If the property you are selling is a leasehold, we will also need to obtain a sale pack from the landlord and/or managing agents who look after the building. The price of these varies from landlord to landlord and, if the landlord’s consent is required for the sale to proceed, there will also be legal charges payable to the landlord’s solicitors.

 

  •  Landlord sale pack                                         £200 - £400
  •  Landlord consent fee                                     £500 - £1000

 

Guide to Fees on a Purchase

 

Our charges                    £1500 plus VAT for purchases up to £500,000, then 0.5% plus VAT of the price for purchases over £500,001, subject to the amount of                                           work that needs to be carried out and, in case of a leasehold purchase, subject to prior agreement.                                                                                                                                                                                                         

 

  •  Bank fee                                                        £30 plus VAT (per transfer)
  • Stamp Duty                                                    (A variable amount depending on your circumstances)
  •  Land Registry fees                                       (A variable amount depending on the price you are paying)
  • Land Registry searches Title search -        £3 per search
  •  Bankruptcy search                                       £2 per name
  • Local search                                                  £200-400 (these fees are dependent on the local council)
  •  Drainage search                                           £60
  • Environmental search                                  £95 If the property you are buying is leasehold, there will be additional charges to take into account

 

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 6-8 weeks.However it must be noted that these time scales are NOT fixed and are only intended to be a example of the avergae time. The time may vary significantly 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 (6) weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between (X) and (X) 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:

  • 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

 

 

Following Completition; Stamp Duty Land Tax

 

A return has to be filed with the Inland Revenue in respect of all property purchase transactions.

You can use the HM Revenue and Customs (HMRCSDLT calculator to calculate your fees.

iWe will normally file the return on line and pay the tax on your behalf. A certificate will be provided by HMRC by way of confirmation of submission of the tax return.

 

 

 

Guide to Fees on a Re-mortgage

 The process of mortgaging a property is similar to a purchase in terms of the legal work that has to be carried out for the lender.

 

  •  Legal Fees                                                                   £1000 plus VAT Bank fee £30 plus VAT (per transfer)
  • Copy deeds                                                                  £6- £18
  • Land Registry fee                                                        (A variable amount depending on the value of the mortgage)

 

Again, if the property is leasehold, we will also have to obtain a sale pack from the landlord and/or managing agents who look after the building.

 

 

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WILLS & PROBATE FEES:

 

Wills:

 

  • Single Will :                                                                 £400 + VAT
  • Mirror Will:                                                                  £550 + VAT
  • Will with a life interest (singe)*                                 £600 + VAT
  • Will with a life interrest (mirror)*                              £750 + VAT

 

   Depending on your personal circumstances and Instructions, the following list includes additional fees which may be added to our fees.

 

  • Home/Hospital Visits                                  £100 - £330 + VAT (Depending on distance)

 

  • Expedited Services                                     £100 - £300 + VAT ( Depending on Urgency) 

 

Our Services and Timescales:

 

Your instructions will include a minimum of two meetings, the First involves taking your instruction, inluding the executors you wish to appoint, money gifts you wish to make to individuals or charities etc. Upon the finalisation of your instruction. the initial meeting is followed by a draft will for your approval within 5 Working days. Once you're happy with your willm a second meeting is arranged for you to attend the office and then sign the will.

 

Provided that we have all of your instructions, we estimate that the preparation of your will from the inital meeting to exectuing the will to be between 1 and 3 weeks.

 

 

 

 

 

Probates:

 

Often times here at TKD we would operate on a fixed fee basis, however due to the nature of each case being different we may act on a fixed fee but each fee may be different, Where you have elected to be charged based on time spent working on your matter or in exceptional circumstances whereby we have not provided you with a quote, our hourly rate is £250 + VAT. The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end

 

Applying for the grant, collecting and distributing the assets

We will handle the full process for you. This quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 1 bank or building society accounts
  • There are no other intangible assets
  • There are 1-2 beneficiaries
  • There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

Disbursements included in this fee:

  • Probate application fee of £155 + VAT
  • Swearing of the oath (£7 per executor)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • approx. (£200 + VAT) Post in The London Gazette or in a Local Newspaper – This also helps to protect against unexpected claims – Protects against unexpected claims from unknown creditors..

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.

Potential additional costs:

If there is no will or the estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.

  • If any additional copies of the grant are required, they will cost £X (1 per asset usually).
  • Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?

On average, estates that fall within this range are dealt with within 4-6 months. Typically, obtaining the grant of probate takes 4-6 weeks. Collecting assets then follows, which can take between 8-12 weeks. Once this has been done, we can distribute the assets, which normally takes 8-12 weeks.

 

 

 

 

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Immigration Fees:

 

Our Immigration fees range from £1000 - £3000 plus VAT, depending on the complexity of the case.  Please contact us for a quote. 

 

 

 

 

 

Complaints Procedure 

We aim to offer all our clients an efficient and effective service and we are confident that we will do so in all cases. However, if you become dissatisfied with any aspect of the service provided by us you should, in the first instance, bring it to the attention of the person in conduct of your matter or the principal of the firm, Mr Muhammad Dahoud. You can do this by writing, by telephone or by making an appointment for this purpose. If we cannot resolve the issue and you remain dissatisfied you may refer the matter to the Legal Ombudsman at: www.legalombudsman.co.uk; by post: P O Box 6808, Wolverhampton WV1 9WJ; e-mail: enquiries@legalombudsman.org.uk; or telephone: 0300 5550333. Should you wish to file a complaint directly to the Solicitors Regulation Authority (SRA) please click https://www.sra.org.uk/consumers/problems/report-solicitor and follow the instructions on how to fill the complaint form.

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