Fees
Property Law
At Erbiller we take pride in providing transparent and realistic cost estimates. We provide an estimate at the outset of any matter and on request.
While the cost of court action can be difficult to estimate, our longstanding experience enables us to provide you with a realistic and comprehensive costs estimate.
We are always happy to discuss the risks of your matter and agree an amount that we will not exceed without your written agreement.
Residential conveyancing
Prices
Please note that there will be two elements to the prices as set out below:
- Fees charged by Erbiller; and
- Fees payable to third parties.
Please ensure that you consider both parts of the price information.
| Property price range | Legal fee (Freehold) |
|---|---|
| £0.00 – £149,999.99 | £1,300 |
| £150,000.00 – £249,999.99 | £1,300 |
| £250,000.00 – £349,999.99 | £1,500 |
| £350,000.00 – £449,999.99 | £1,500 |
| £450,000.00 – £549,999.99 | £1,650 |
| £550,000.00 – £749,999.99 | £1,650 |
| £750,000.00 – £999,999.99 | £1,850 |
| £1,000,000.00 + | £2,250 |
Additional fees charged by Erbiller
| Chargeable service | Fee |
|---|---|
| Telegraphic transfer fee | £50 |
| Electronic identity check | £25 – £30 |
| Redeeming existing mortgage | £150 |
Additional fees charged by Erbiller
| Description of Disbursement | Fee |
|---|---|
| Land Registry Official Copies | £7 (per document) |
| Leasehold sales only: Sale pack from management company/ Landlord |
This typically ranges from £250 – £500 |
Work included and key stages
The precise work and stages involved in the sale of a residential property vary according to the circumstances. However, we have set out the key stages involved in a typical sale transaction:
- Take your instructions and give you initial advice.
- Check the title of the property you are selling.
- Prepare documents, the contract of sale and deeds relating to your sale.
- Dealing with questions and enquiries raised by your buyer(s)’ solicitors.
- Reporting and providing information to you relating to the property you are selling.
- Exchanging contracts following any necessary negotiations on the terms.
- Approving the transfer deed from the buyer(s)’ solicitors.
- Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale.
- Dealing with all post-completion matters, particularly repaying any outstanding mortgages or loans.
Services excluded
Our service will not include any of the following:
- Advice on the value of the property.
- A physical inspection of the property.
- Advice on any planning implications unless instructed to do so which may be subject to additional charges.
- Checks on the property to ensure that it has been built in accordance with any planning permissions granted.
- Advice on any search result findings that identify contaminated land, fracking sites, or other environmental issues.
- Advice on tax or other accounting matters.
Approximate/ average timescales
How long it will take from the date you instruct your solicitor until the sale is completed, will depend on a number of factors. However, the average process takes around 6 – 12 weeks.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the sale such as the buyer’s solicitors, the solicitors representing other buyers and sellers in the chain, your buyer’s bank if they are taking out a mortgage, search providers and the relevant local authority to conduct your buyer’s local search.
Factors that could increase costs
In some circumstances we may increase our fees to account for additional time, work or skill required to meet your instructions. Examples include:
- If there is a defect in the property title which requires remedying prior to completion.
- If we are required to discharge more than one mortgage or loan on the property.
- If we are required to obtain retrospective approval to any alterations to a property or obtain an insurance indemnity policy in relation to any problem concerning the transaction.
- If a chief rent or ground rent is payable and you do not provide an up to date rent receipt.
| Commercial Property Transactions | Our Fees (Ex. VAT) |
|---|---|
| New Lease (acting for both landlord & tenant) | £1,200 – £2,000 |
| Assignment of Lease | £1,200 – £2,000 |
| Surrender of Lease | £1,000 |
| Rent deposit deed | £500 |
| Licence to assign | £1,250 – £1,500 |
| Authorised guarantee agreement | £500 |
Note: The above fees are exclusive of VAT
| Commercial Property Sale/Purchase | Our Fees (Ex. VAT) |
|---|---|
| Property value up to £300,000 | £1,200 – £1,500 |
| Property value up to £500,000 | £1,500 – £1,800 |
| Property value up to £1m | £2,000 – £2,500 |
| Property value over £1m | 0.25% of the purchase price |
Note: The above fees are exclusive of VAT
Contact Us
You can email us at info@erbiller.com or ring us on 020 8912 6020.
