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OFFICE HOURS: Mon to Fri - 9:00 am to 5:00 pm

(Please note that we close for lunch between 12 pm to 2 pm)

(Incorporating CHUNG & PLATT, EST. 1985)

T: 0161 228 6777

F: 0161 228 7774

E: info@chungandco.com

  COSTS & OTHER INFORMATION

1.  RESIDENTIAL CONVEYANCING

Our estimated legal fees, exclusive of VAT, for purchase or sale of residential properties (not commercial or mixed residential/commercial), where only one title is involved which is registered at Land Registry, with vacant possession obtained or given on completion and with no undue complication or delay, are as per the below price ranges:-

-  £0 / Gift to £100,000 = £750.00              -  £600,001 to £700,000 = £1,750.00

-  £100,001 to £200,000 = £850.00           -  £700,001 to £800,000 = £2,050.00

-  £200,001 to £300,000 = £950.00           -  £800,001 to £900,000 = £2,450.00

-  £300,001 to £400,000 = £1,050.00        -  £900,001 to £1,000,000 = £2,850.00

-  £400,001 to £500,000 = £1,250.00        -  £1,000,001 upwards – To be quoted on request

-  £500,001 to £600,000 = £1,450.00

Please note the following information and estimated EXTRA FEES payable plus VAT, where applicable:-

1.1   For all cases:

-    VAT (current rate 20%) on all fees and charges

-    Disbursements (fees payable to third parties):

• For all cases - Client’s Identity Check fee (£15 per person) and ID search administration fee (£5 per person);
• For purchase - Survey or valuation fees; specialists’ inspection fees; conveyancing search fees (such as Local, Environment & Mining, Water & Drainage, Chancel, HS2 and Fracking); Stamp Duty Land Transaction Tax; Land Registry search and registration fees; freeholder/landlord’s agents’ notice, administration and/or legal fees; lender’s administration, arrangement, legal and/or its bank transfer fees; mortgage brokers’ arrangement fees, indemnity insurance policy premium and other necessary fees.
• For sale - Selling agents’ commission; Energy Performance Certificate fees; ground or chief rent; indemnity insurance policy premium; missing document replacement fees; (For Flats) management company’s information pack and administration fees and service charges; and
• For court cases - Barrister’s fees, expert’s fees, laboratory fees and witness’s fees.

-    General Expenses (overheads which are treated as additional profit costs):

• For all cases - Office Administration Charges £20; bank transfer fee £30 (per remittance); postages/telephone/fax/photocopying/stationery charges £25; travelling expenses (at £0.90 per mile); bank’s cash handling fees (at £0.80 per £100); Post Office/DHL administration charges £10 (per trip) and colour photocopying charges (at £0.50 per A4 size sheet).

-    Notes:

• Any subsequent change of name, address, price and/or other details – From £80 per change.
• Any additional identity and address checks for overseas clients – From £80 per person.
• All sums quoted are (1) provisional only and are subject to all necessary changes from time to time, with prior notice given whenever possible, and (2) subject to our Terms and Conditions of Business as published in our website.
• We do not offer any fixed price service and/or any “No completion no pay” service.  We charge for all work done, whether completion takes place or not.

1.2   For purchases:

• Anti-Money Laundering (“AML”) Checks for sources of wealth and funds – From £180 per money handler.
• Preparation and submission of Stamp Duty Land Transaction Return to HMRC – From £80 per return.
• Preparation and submission of application to Land Registry for change of ownership of registered land – From £80 per registered title.
• Mortgage work for the lender and the buyer if the Property is to be mortgaged as security, including registration of the Legal Charge at Land Registry – From £350 per registered title and for up to two borrowers, whether or not we are acting for the lender at the same time.
• If the title, whether freehold or leasehold, is unregistered and the purchase is subject to compulsory first registration of title – From £250 per title.
• If the purchase is a Buy-to-Let or it is subject to an existing tenancy agreement with no vacant possession given on completion – From £180 per title or tenancy agreement for up to 2 tenants.
• If the title is leasehold, whether registered or not, regardless of the term of the lease or number of leases involved – From £250 per title.
• If the property is an off-plan and/or New Build – From £250 per title.
• If a notice of change of ownership and/or mortgage is required to be served on the landlord and/or its managing agent – From £120 per notice to be served.
• If a Certificate of Compliance or Consent is required – From £150 per document.
• If it is a Help to Buy/Shared Equity/Shared Ownership purchase – From £280 per title.
• If buying a leasehold title, we must under our professional guidelines give you an initial report with advice on whether or not there is any unusually onerous provision in the lease so as to enable you to withdraw at an earlier stage and save costs if such provisions are unacceptable to you and/or your lender – From £250 per lease, payable in addition to our legal fees for the purchase and/or mortgage work.
• If buying a freehold title subject to a rentcharge, we must under our professional guidelines give you an initial report with advice on the rentcharge provisions so as to enable you to withdraw at an earlier stage and save costs if such provisions are unacceptable to you and/or your lender – From £250 per title, payable in addition to our legal fees for the purchase and/or mortgage work.
• If a General Power of Attorney is required, from £180 each.
• If a Deed of Covenant or Variation is required, from £250 each.
• If a Statutory Declaration is required for dealing with title, boundary or other issues, from £200 each.
• Purchase of freehold title – From £450 per title.
• Others – See above and to quote on application.

1.3   For sales:

• If the property is sold subject to an existing tenancy agreement with no vacant possession given on completion – From £180 per tenancy agreement for up to 2 tenants.
• If any mortgage or legal charge is to be redeemed and cancelled at Land Registry – From £180 per redemption and/or cancellation.
• If the title is leasehold, whether registered or not, regardless of the term of the lease or number of leases involved – From £250 per title.
• If a management pack is required – From £100 per pack from the management company and/or the managing agent.
• If any consent to sale is required from the landlord and/or its managing agent and/or any deed of covenant is required to be signed by the buyer with either or both of them – From £180 per consent application and/or deed of covenant.
• If a General Power of Attorney is required by the seller - From £180 each.
• If a Deed of Covenant or Variation is required - From £200 each.
• If the title is unregistered and the buyer requires compulsory first registration of title at Land Registry before completion – From £200 per title.
• If there is any missing title deed, consent, ground/chief rent receipt, rentcharge redemption certificate, indemnity insurance policy, planning permission, Building Regulations Approval or any other document reasonably required to be obtained by the buyer – From £180 per document (regardless of outcome).
• If any retrospective consent (not Planning Permission and/or Building Regulations Approval) is required from the freeholder or landlord for any unauthorised alteration or addition, e.g. conservatory, garage and extension – From £300 per application (regardless of outcome).
• If a Consent to Mortgage is required to be given by any non-owner adult occupier by the lender – From £250 per occupier, including, if required, independent legal advice to be given to him, assuming there is no conflict of interests and he wishes us to give him such advice.
• If a Statutory Declaration is required for dealing with title, boundary or other issues, from £200 each.
• To deal with any unusual requirement under the lease, e.g. Landlord’s Consent to Insurance – From £200 per application (regardless of outcome).
• Others – See above and to quote on application.

2.  COMMERCIAL CONVEYANCING (e.g. sale and purchase of business and shop)

• Our estimated legal fees, in additional to VAT, Disbursements and General Expenses, for:-
• Sale and purchase of business – From £500 for consideration up to £100,000.
• Sale and purchase of commercial properties - From £900 for consideration up to £150,000.
• Sale and purchase of business and commercial properties - From £1,400 for a total consideration up to £250,000.
• Granting and taking of lease – From £1,200 for weekly rent up to £250 and term up to 15 years.
• Planning Application, Application for Lawful Development Certificate, Application for Variation of Planning Condition – From £1,500 per application.
• Others – See above and to quote on application.

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SRA ID No: 570340
VAT Reg No: GB 431 1452 95
CQS No: CQS03257

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