Trentside Legal

Please Note

  • This fees information is to assist you in finding out what our fees are likely to be for your transaction but will be dependent upon the information you have available to you when making the enquiry.  If there are changes in your circumstances or the property price etc, our charges may change.

    It is important that you give us accurate information at the outset so we can compare the fees which you calculate against any changes there may be.  For example if the price you pay for a property is more than you originally thought, you may fall into a higher charging bracket, stamp duty land tax may be more, the property may be leasehold when you initially thought it was freehold, indemnity insurances may be required etc etc.  All things which we may not be aware of at the time of the initial quote.

    We will provide you with a written fees estimate on request and will confirm these fees if you instruct us to act on your behalf.  If any changes come to light in the nature of your transaction, we will inform you as soon as practicable of what they are and if there is a change to the amount, we will be charging you and wherever possible, before incurring those additional charges.  If an agreement can't be reached, we may have to cease working for you or if the work is to continue, we may have to charge at our hourly rate which is currently £180 plus vat.  Our hourly rate is broken down into 6-minute units for attendances and preparation, and our routine letters/emails and telephone calls are charged at £18 plus vat each.  If more time is spent on the letters/emails or telephone calls, they will be charged on a time basis at £180 plus vat an hour.

    Our fees may increase by:-

    £100 plus vat if there are solar panel for the additional work involved.  If the panels are leased and the lease requires alterations, there will be additional fees dependent upon the work required.

    £150 plus vat if the property is leasehold and note that there may be additional fees payable to others such as fees to Landlords and Management Companies, ground rents, services charges none of which may be known to us at the outset of the case

    £100 plus vat if the property is a newbuild as there is more work involved.  There may be further disbursements too such as the builder's solicitors requiring you to pay for the transfer document.  Some builders give financial incentives to assist you with the cost of your move, if so, we will give you full details

    £30 plus vat for any indemnity insurances which we may have to take out for you in view of the additional work involved.

    There may be further payments to others which we will inform you of as they come to light such as Landlords and Management Companies.

    If you are referred to us by an introducer where we will pay them a referral fee, we will provide you with details of the arrangement and the fee we pay in the client care information which we send you at the start of your case. We generally pay a fee of £50 plus VAT which will be added to our costs. 

    We generally say that a purchase transaction takes around 8 - 10 weeks but this time frame is dependent upon any searches, mortgage offers and more particularly the time it takes for you and third parties to respond to us and other parties in the chain.

    We will endeavour to work to your timescale, but we can't make any promises as we can't guarantee the co-operation of others in the process

Sale Costs - What work is involved?

We charge a fixed fee for dealing with a sale. The work will consist of the following:-

 o investigating the title to the property
 o carrying out searches in respect of the title for the property;
 o reviewing the pre-contract enquiries raised by your buyer's solicitors;
 o negotiating a sale contract;
 o negotiating a transfer document;
 o obtaining a redemption figure from your mortgage lender (if applicable);
 o proceeding to exchange of contracts and then completing of the property;
 o transferring funds by telegraphic transfer to your mortgage lender;
 o transferring funds to the Estate Agents in respect of their sales invoice;
 o transferring the remainder of the sale proceeds to you.

By instructing us to act on your behalf, you are also instructing us to contact your Lender(s) or other registered creditors (if any) for a repayment figure on your account and to enter into such other correspondence as may be required to deal efficiently with your sale.

Please click here for the key stages. Please click here for the sale flowchart. 

We have set out below the things you are likely to have to pay for and an estimate of their cost.

Our Fee - Click here for Table
Our Costs for the work we carry out in connection with the sale.
Telegraphic Transfer Fee - £36.00 per transfer
The cost involved in transferring any funds through the banking system.
Online Identification Check - £5.40 per name
An identification check we are required to carry out against our clients.
Office Copy Entries - £6.00 per Title Number
The cost of obtaining the Title Register and Title Plan from the HM Land Registry. 
Bankruptcy Search Fee - £2.00 per name
The cost of obtaining a bankruptcy search against all parties involved in the transaction.

Example Quote

Sale of Freehold Property with 1 Title at a value of £150,000.
Two purchasers and two sellers.
Selling with a mortgage.
Funds to be returned to sellers by Bank Transfer.

Our Fee inc. VAT - £600.00
Telegraphic Transfer Fee inc. VAT - £72.00
ID Check inc. VAT - £10.80
Office Copy Entries - £6.00
Bankruptcy Search Fee - £8.00
TOTAL = £696.80