Please note that these figures are provided in terms of the Price Transparency Guidelines. Please contact us for more information.
Typical Fees
The following are typical fees and outlays involved in the types of transactions as listed below. With regard to residential transactions with different sale or purchase figures please contact us for a formal fee estimate to suit you.
Sale of a Residential Property
Our fees cover all of the work required to complete the sale of your current property including the marketing of your property, dealing with any offers and subsequent missives, ordering searches, repaying any secured loans, and registering any deeds at Registers of Scotland and paying any funds to you.
Fees and outlays for a sale at £200,000
Fees
- Legal fee £1150
- Estate Agency Fee £1300
- Electronic money transfer fee £25
- Marketing fee £412.50
- Brochures, photographs and floorplan £300
Outlays (payable to the Government and Others)
- VAT on fees £637.50
- Home report charge £480
- Property Search charge £145
- Registers of Scotland – cost of registering Discharge of one Standard Security (Mortgage) £80
- Advance notice registration cost £20
- Advertising in ESPC £343
Estimated total: £4,893
Outlays are costs related to your matter that are payable to third parties, such as Registers of Scotland and Search Companies. We handle the payment of the outlays on your behalf to ensure a smoother process. Please note that third parties do vary their outlay charges from time to time.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. However these usually include:
- Taking your instructions and giving you initial advice
- Carry out required Anti Money Laundering checks (additional charges may be payable for this if online checks are required)
- Arrange home report
- Market the property
- Receive offers on property and take your instructions
- Obtain redemption statements from current lender (the amount required to repay your mortgage)
- Order Title Deeds
- Receive and advise on missives (contract)
- Carry out property searches as required
- Obtain further planning documentation if required
- Revise draft documents received from purchasers’ solicitors
- Conclude missives (and notify you that this has happened)
- Issue completion statement
- Complete sale
- Repay any mortgages and pay any outlays due
- Prepare the discharge of the standard security and submit this to the Registers of Scotland
- Paying any surplus funds due to you
Purchase of a Residential Property
Our fees cover all of the work required to complete the purchase of your property including noting interest in a property, taking instructions and submitting any offer and subsequent missives, reporting on title, revising sales drafts, receiving and completing loan instructions from Lender, settling purchase, completing Land and Building Transaction Tax/Additional Dwelling Supplement Forms and arranging payment and registering deeds at Registers of Scotland.
Fees and outlays for a purchase at £170,000
Fees
- Legal fee £1150
- Electronic Transfer money fee £25
Outlays (payable to the Government and others)
- VAT payable £235
- Land and Buildings Transaction Tax £500 (assuming no Additional Dwelling Supplement is payable and assuming the purchaser is not a first time buyer).
- Registers of Scotland – cost of registering Disposition £400
- Registers of Scotland – cost of registering one Standard Security (mortgage) £80
- Advance Notice Registration – £20
Estimated total: £2,410
Outlays are costs related to your matter that are payable to third parties, such as Registers of Scotland and the Government. We handle the payment of the outlays on your behalf to ensure a smoother process. Please note that third parties do vary their outlay charges from time to time.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. However these usually include:
- Take your instructions and give you initial advice
- Carry out required Anti Money Laundering checks (additional charges may be payable for this if online checks are required)
- Submit any offers on property
- Obtain loan instructions from your lender
- Examine Title Deeds
- Receive and advise on missives (contract)
- Obtain further specialist reports/alteration documentation if required
- Revise draft documents received from sellers’ solicitor
- Conclude missives (and notify you that this has happened)
- Prepare Disposition (Title deed), Standard Security and any required Matrimonial Homes paperwork and arrange signature
- Register advance notice for security
- Issue completion statement
- Request funds from lender and any further monies/deposit from you and checking source of funds
- Arrange settlement and payment of purchase price
- Submit the Disposition and Standard Security to the Registers of Scotland
- Arrange Payment of Land and Building Transaction Tax (LBTT) and any Additional Dwelling Supplement (ADS)
- Exhibit registered Title
Wills
Simple Wills
Single Will (for the estate of one person)
£270 plus VAT
Simple Wills are basic, straight forward wills, typically where there may be some legacies, a residue clause and a basic trust provision for young beneficiaries. There may also be inclusion of a guardianship clause and funeral instructions. If you are married, in a civil partnership or cohabiting, a Simple Will may only be appropriate where neither you nor your partner has children from a separate relationship. Where this is the case, we will be happy to meet with you and discuss the options based on your circumstances.
Complex Wills
These require specific and more detailed consideration and may include extensive legacies, other trust provisions and fuller trustees’ powers.
Single Will (for the estate of one person)
£400 plus VAT
Our price above includes:
- taking your instructions
- providing advice as appropriate to your requirements
- providing advice on legal rights (if relevant)
- preparing a draft will for you to review
- making changes following review
- complete execution of the will
- storage of original will on your behalf; and
- providing you with a copy of your signed will.
Our typical price will not include:
- work associated with lifetime trusts such as drafting trust deeds
- advice and work associated with bankrupt or otherwise vulnerable beneficiaries
- inheritance tax planning or any other tax advice
- preparing the transfer of heritable property (buildings and land) or moveable assets (e.g. shares) into a trust.
Powers of Attorney
Continuing or Welfare or Combined Power of Attorney
£270 plus VAT
Outlays (payable to others)
- Registration of Power of Attorney at the Office of the Public Guardian £85
Our price above includes:
- taking your instructions
- providing advice as appropriate to your requirements
- preparing a draft power of attorney for you to review
- complete execution of the power of attorney
- provision of the declaration form(s) for your nominated attorney(s) to sign
- registration of your power of attorney with Office of Public Guardian and
- providing you with a certified copy of your power of attorney.
Note: This typical price will only cover the services mentioned. Your case may require additional work that is not included. We will discuss this with you at our first meeting. If additional costs arise due to matters related to your own personal circumstances, we will discuss this with you at the earliest opportunity and we will advise you of any increase in price that may arise. Please note that third parties do vary their outlay charges from time to time.
Executries
Our fees for dealing with the administration of an executry estate are based on the time expended for the administration, to include responsibility for ingathering and distributing the estate, plus a percentage of the value of the assets of the estate and of the funds of the estate intromitted with.
The hourly charge is £270 plus VAT.
The number of hours spent on your case will be determined by the complexity and the unique circumstances of your case.
The hourly rate does not include any outlays that may be required. These are variable depending on the nature of the case. We will discuss what these may be at our initial meeting.