Here at Julia T Betts, solicitors, we can help you with all transactions concerning land and property.
The most common phrase for dealing with transactions in respect of residential properties is ‘conveyancing’, but there are many potential transactions involving land and houses for example sales and purchases of domestic or commercial properties, short leases of either domestic or commercial properties, long leases of commercial properties, equity releases, gifts of property, sales or purchases of land, either in whole or part.
Our conveyancing department is headed up by Julia Betts, a solicitor with some 40 years’ experience dealing with all aspects of this type of work. Julia is assisted by Lucy Wilcockson, a solicitor who qualified with the Firm in 2018 and a dedicated team of support staff. For more information about Julia please click here.
Our clients are mainly those who have used our services time and again over the years and recommended us to friends and colleagues. We are known for our thoroughness and attention to detail and value for money service.
We take the time necessary to deal with each case on an individual basis. No two matters are the same and for that reason, when an enquiry is made for our services, Julia always speaks with the client in the first instances to ascertain what outcome is required, time frames, any potential problems and not least cost.
It is important to us that we understand your needs so that we can try, so far as is possible, to ensure they are met. If this is not possible, we will discuss why, but see what we can do to proceed as closely as is possible to your requirements and within the law.
During the initial conversation, Julia will give you an indication of costs. Following the conversation, you will be sent written details in what we call our “Essential Information” document.
One important aspect of this document is detail about the cost of our service and any other payments that are likely to be incurred as a result of the matter contemplated.
Below, we set out details, which represent the best information we can give at the outset of a matter when we “assess” what we feel costs will be based on the information provided to us by you.
We keep a note on a regular basis of the average costs per transaction. We often provide a wide-ranging estimate; the lower end of the estimate being the average costs and the higher end covering what we think final costs will be if we believe the matter is not straightforward or will require a high degree of technical knowledge and more time than is usual.
Average time and cost taken to deal with matters
|Transaction Type||Average timeframe**||Our average fees*|
|Freehold Purchase with a mortgage||6 to 15 weeks||£1,400.00|
|Freehold Purchase without a mortgage||6 to 15 weeks||£1,200.00|
|Freehold Sale with a mortgage||6 to 15 weeks||£1,150.00|
|Freehold Sale without a mortgage||6 to 15 weeks||£1,050.00|
|Leasehold Purchase with a mortgage||10 to 18 weeks||£1,800.00|
|Leasehold Purchase without a mortgage||10 to 18 weeks||£1,800.00|
|Leasehold Sale with a mortgage||10 to 18 weeks||£1,650.00|
|Leasehold Sale without a mortgage||10 to 18 weeks||£1,300.00|
|Sale of property by auction||Completion generally takes place 28 days after the auction||£1,350.00|
|Purchase of property by auction||Completion generally takes place 28 days after the auction||£1,600.00|
|Purchase or sale of part of title||6 to 18 weeks||£1,800.00 to £2,500.00|
|Equity release||8 to 12 weeks||£850.00 to £1,000.00|
|Transfer of Equity||6 to 10 weeks||£550.00 to 850.00|
*All amounts listed above are exclusive of VAT. The current rate is 20%. These prices are based on a sale or purchase of whole. Should your transaction be a sale or purchase of part, the costs will increase by approximately £1,000.00 to £1,500.00 plus VAT.
** These are the average times. Should you be involved in a transaction that involves a “chain” of over 3 parties, then these times could extend considerably.
What other costs could be involved and how could this extend the time to deal with my matter? There are of course many factors in conveyance, please click here for further information.
What service is provided by this Firm? Please click here for further information.
If a transaction begins, but does not proceed to completion, we reserve the right to raise an account based on the amount of time expended/work done and such charges are calculated on a hourly basis.
We set out below, an approximate estimate of the costs involved in reaching various stages of the transaction if it does not reach conclusion for any reason. We do stress that it is only an approximate guide and the actual fees chargeable will be commensurate with the work undertaken in the matter.
|Stages||Typical Fees Charged|
|Precontract Work||One third fees + VAT|
|Contract Issued||One third fee + VAT|
|Post Contract Enquiries/Issues||Two third fees + VAT|
|Contract Signed||Two third fees + VAT|
|Post - Contract||Full amount + VAT|
All work carried out on a matter is overseen by Julia. If another member of Julia's team carries out work on the file this is charged at a lesser rate.
|Hourly rate||Short letter and telephone call per item rate|
|Principal Solicitor||£180.00 plus V.A.T.||£18.00 plus V.A.T.|
|Non-fee Earning Solicitor||£140.00 plus V.A.T.||£14.00 plus V.A.T.|
|Post Graduate Legal Assistant||£120.00 plus V.A.T.||£12.00 plus V.A.T.|
|Undergraduate Legal Assistant||£100.00 plus V.A.T.||£10.00 plus V.A.T.|