We are transparent with our costs. In most cases, we will work on a fixed fee basis so that you know what the fees will be from the outset of the transaction. Every transaction is different and we would recommend that you contact us to discuss your matter in detail. We will then be able to provide you with an accurate estimate for your property transaction.
Our fees are likely to be in the range of £650 to £1,000 + 20% VAT.
Bank Transfer Fee £12 + 20% VAT.
Please note that if the property you are selling is Leasehold there will be additional fees payable.
If something occurs during the transaction which will involve additional work we will discuss any change in fees with you and agree a way forward.
Disbursements are third party costs which are applicable to your transaction.
Fees for official copy register £6.00 + 20% VAT (approx) for a standard freehold title register and plan.
We will need to obtain any additional documents referred to in the official copies and these will cost £3.00 + 20% VAT each.
If the property you are selling is leasehold then we will need both the freehold and leasehold official copy registers.
If you are selling a leasehold property we will need to obtain a leasehold information pack from the freeholder and/or managing agent. The cost of these varies. We will contact the freeholder and/ or managing agent on your behalf and ascertain the cost of the information pack.
It is sometimes necessary to arrange indemnity insurance for the property, at a typical cost of £50-£200.
We are transparent with our costs. In most cases, we will work on a fixed fee basis so that you know what the fees will be from the outset of the transaction. Every transaction is different and we would recommend that you contact us to discuss your matter in detail. We will then be able to provide you with an accurate estimate for your property transaction.
Our fees are likely to be in the range of £650 to £1000 plus 20% VAT.
Bank Transfer Fee £12 + 20% VAT
Please note that if the property you are purchasing is Leasehold an additional fee will be payable.
If something occurs during the transaction which will involve additional work we will discuss any change in fees with you and agree a way forward.
Disbursements are third party costs which are applicable to your transaction.
The standard disbursements which apply to most purchases include:
This has become more complex following the introduction of higher rates for second homeowners and landlords buying properties to let. There are also various reliefs that can be applied in some circumstances. We may recommend that you seek specialist advice.
We recommend that you look at the links below to find out more information:
Properties in England
https://www.gov.uk/stamp-duty-land-tax
Properties in Wales
https://gov.wales/land-transaction-tax-guide
In most cases we apply for the following standard searches:
These typically cost around £250 plus 20% VAT. Depending on the property and the location, other searches may be required (such as flood, chancel repair or energy and infrastructure). We will let you know if we consider any of these are necessary. There may also be additional searches that you request are undertaken such as those relating to planning applications in the area.
This is a fee which is payable to the Land Registry following completion when we apply to register the property in your name. The fee payable depends on the purchase price – the current scale is set out below.
Value of Property Sold (£) | Fee – Electronic | Fee – Postal |
0 – £80,000 | £20 | £40 |
£80,001 – £100,000 | £40 | £80 |
£100,001 – £200,000 | £95 | £190 |
£200,001 – £500,000 | £135 | £270 |
£500,001 – £1,000,000 | £270 | £540 |
£1,000,000 and over | £455 | £910 |
In most cases, we submit applications electronically and charge the lower rate. The higher, postal fee is likely to apply if the property you are purchasing is a new build, being registered for the first time, or being transferred out of a larger title.
HM Land Registry Final Search Fee £3 plus 20% VAT per title
Bankruptcy Search Fee £2 plus 20% VAT per name variation
Some of the most common additional fees are:
Shared Ownership £150 + 20% VAT
Gifted Deposit £50 + 20% VAT
Arranging an Indemnity Insurance Policy £50 + 20% VAT (per policy)
We are transparent with our costs. In most cases, we will work on a fixed fee basis so that you know what the fees will be from the outset of the transaction. Every transaction is different and we would recommend that you contact us to discuss your matter in detail. We will then be able to provide you with an accurate estimate for your property transaction.
Our fees are likely to be in the range of £400 to £550 plus 20% VAT.
Bank Transfer Fee £12 + 20% VAT
Landlord’s Fees: If your property is a leasehold, we will need to give your landlord notice of the new mortgage once its completed. The notice of charge fee payable to the landlord varies between properties, and we won’t know the precise amount until we have seen your documents. Typically the fee is between £50 and £100 + 20% VAT, but on occasion it can be significantly more. We will update you on this cost at the earliest opportunity.
Additional Leasehold Legal Fee: We may also need to raise title enquiries with your landlord (depending on how much information you can give us). Landlords normally charge an administration fee for providing the information requested, and the amount varies depending on the type of enquiries made.
If something occurs during the transaction which will involve additional work we will discuss any change in fees with you and agree a way forward.
Disbursements are third party costs which are a necessary part of the re-mortgage process:
Search Fees (typically Local, Drainage, Environmental and Mining Searches) | £200 + 20% VAT |
Land Registry Priority Search | £3 |
Land Registry registration fee | At least £30 (depends on the amount of the advance) |
Bankruptcy Search Fee | £2 per person |
Stamp Duty Land Tax £0.00: Stamp Duty is not payable when re-mortgaging a property.
We offer a fixed fee service for recovery of an unpaid invoice or invoices up to and including issuing a claim. These fixed fees are set out below.
Please note:
Individual
Cost: Where the debtor is an individual consumer we can issue a letter before claim (that complies with the pre-action protocol on debt claims) for £75 + 20% VAT
Timescale: The Court guidelines allow an individual debtor 30 days to pay
Company
Cost: Where the debtor is a business we can issue a letter before claim for £75 + 20% VAT
Timescale: Commercial debtors are usually required to pay within 14 days
Cost: The cost of issuing a claim is:
Debt | Court Fee | Binghams’ Fee |
Up to £300 | £35 | £450.00 + 20% VAT |
£300-£500 | £50 | £450.00 + 20% VAT |
£500-£1,000 | £70 | £450.00 + 20% VAT |
£1,000-£1,500 | £80 | £500.00 + 20% VAT |
£1,500-£3,000 | £115 | £500.00 + 20% VAT |
£3,000-£5,000 | £205 | £500.00 + 20% VAT |
£5,000-£10,000 | £455 | £750.00 + 20% VAT |
£10,000-£50,000 | 5% of claim | £1,250.00 + 20% VAT |
£50,001-£100,000 | 5% of claim | £2,000.00 + 20% VAT |
Additional Cost of requesting judgement: £24.00 (inc. 20% VAT) change to fee + 20% VAT
Timescale:
After the Court has served the claim, the debtor has 14 days to either file a defence or enter an acknowledgement.
After 14 days, if the debtor has not filed an acknowledgement or a defence (or after 28 days if an acknowledgment of service is filed) we will request the Court to enter default judgment.
The Court usually takes about 10 days to enter judgement following the receipt of a request to do so.
If the debtor files a defence to your claim we will work with you in order to progress your claim. This work will be at an additional cost and we will provide you with a costs estimate before proceeding.
Once judgment has been obtained, we may need to take enforcement proceedings to recover the sum awarded by the Court.
We will write to the debtor demanding payment of the judgement debt, notifying them that enforcement action will be taken if they do not pay.
Cost: Our fees are stated below. Third party costs may also be payable for certain services.
Individual
Letter demanding payment of judgment: £35.00 + 20% VAT
Company
Letter warning of intention to present winding up petition £35.00 + 20% VAT
Some of the most common methods of enforcement are:
Enforcement Method | Binghams’ Fee | Court Fee | Third Party Fee | Timescale (typical) | Other factors |
Writ of Control
| £35.00+ 20% VAT Please note: the fixed fee does not cover additional correspondence about the enforcement action and this will be charged at our standard hourly rate | £71 (instructing High Court Enforcement Officer to seize goods in satisfaction) | £90 High Court Enforcement Officer Fee (payable if warrant is not successful) | 8-12 weeks | Success of recovery depends on: · the debtor’s ability to pay · whether there are any assets that can be seized · whether the debtor enters into a repayment agreement |
Warrant of Execution | £35.00 + 20% VAT Please note: the fixed fee does not cover additional correspondence about the enforcement action and this will be charged at our standard hourly rate | £83 | 8-12 weeks | Success of recovery depends on: · the debtor’s ability to pay · whether there are any assets that can be seized · whether the debtor enters into a repayment agreement | |
Attachment of Earnings | £50.00+ 20% VAT Please note: This fee applies where there is no further hearing, application, or appeal to locate missing debtors or where their employment has changed | £119 | 6-8 weeks after the order is issued by the Court | ||
Charging Order | £100+ 20% VAT | £119 | · Agent’s fee for attending Court if needed (fee varies according to location) · £40 charging order registration · £11 eearch fee | · Interim charging order: 2-3 weeks · Final charging order: a further 4-6 weeks Please note: these timescales will be longer if the debtor files an objection and if the Court lists the case for a hearing. | |
Third-party Debt Order | £100 + 20% VAT | £119 | · Agent’s fee for attending hearing (fee varies according to location) | 8-12 weeks after application issued by Court | |
Order to Attend Court for Questioning | £100 + 20% VAT | £119 | · Agent’s fee for attending hearing if needed (fee varies according to location) · c.£150 + 20% VAT process server’s fee | 8-12 weeks after application made |
Insolvency Proceedings
Enforcement Method | Binghams’ Fee | Court Fee | Third Party Fee | Timescale | Other Factors |
Issue Statutory Demand (companies and individuals) | £250 + 20% VAT | · c.£250 + 20% VAT process server’s fee | 1-2 weeks for personal service via process server | To be used in cases where the debt is not disputed, e.g.there is a judgement or admission that the debt is due | |
Bankruptcy Proceedings | £350.00 + 20% VAT | £302 | · c.£250 + 20% VAT process server’s fee · 1,500 Official Receiver’s deposit | 8-12 weeks of the petition being issued by the Court | Applies to cases where: · the matter has been determined at the first hearing · a Court judgement is in place and has not been set aside or appealed · there are no issues regarding service · the unrecovered debt is not disputed |
Company Winding Up | £900.00+ 20% VAT | £302 | · £2,600 Official Receiver’s petition deposit · c.£250 + 20% VAT process server’s fee · Agent’s fee for attending hearing (fee varies according to location) · £101.52 London Gazette Advertisement
| 8-12 weeks of the petition being issued by the Court | Applies to cases where: · the matter has been determined at the first hearing · a Court judgement is in place and has not been set aside or appealed, or · the unrecovered debt is not disputed |
The Debt Recovery team at Bingham Long can also advise on international tracing and recovery where necessary, the fees for this will be discussed with you prior to engagement and will depend upon the jurisdiction and level of work involved.
We mainly work on a fixed fee basis meaning that you know exactly how much our legal service will cost, and exactly what is involved, so there no hidden surprises and no hidden costs.
A standard Will for one person starts from £300+ 20% VAT and standard mirror Wills (ideal for couples) start from £495+ 20% VAT per pair. For complex Wills and Trust Wills, first we need to understand what is required and your situation, and from there we can provide a detailed quote.
We aim to have the draft Will prepared within 7-10 days of instructing us.
Extractions – No Inheritance Tax (IHT)
Extractions – Where IHT is payable
Creation of Property Will Trusts
Deed of Appointment and Retirement of Trustees = £350 (+ 20% VAT).
Deed of Variation = £750 (+ 20% VAT).
The cost of disbursements (prices are the same for any solicitor) are added to any matter and for the three items below no VAT is charged.
Deed of Renunciation = £290 (+ 20% VAT).
Estate administration
No two estates are the same. Some estates which at first appear simple can become complicated as the administration progresses. Some estates are complex because Inheritance Tax is payable, or other elements such as the estate contains foreign or business assets.
Our hourly rate ranges from £175-£350 + 20% VAT (more complicated matters require more experienced legal support at the higher hourly rate).
As a guide, the average hourly rate is £250 + 20% VAT.
A simple estate with no complexities can take between 10-20 hours.