Price Transparency

Guide to Pricing.
 

Conveyancing – Sale

Andrew Croft & Co Costs:

• Sale Price up to £1,000,000: £2,500 plus VAT (£500) = £3,000​​

• Sale Price up to £2,000,000: £4,750 plus VAT (£950) = £5,700

  • The above fees apply to freehold properties, for leasehold properties add £750 plus VAT

  • The above fees are subject to additional fees, if Andrew Croft is acting as a named executor in the will of a deceased seller

• The above price includes, if applicable, redemption of a mortgage with any high street lender.

• If there is a personal charge over the property or a mortgage with a non-standard lender, additional costs will apply at an hourly rate of £325 plus VAT per hour.
  
   

Disbursements on a Typical Sale:

• Land Registry Title and Documents: £15

• If Leasehold:

  • Service Charge Pack: £100 - £450

  • Landlord’s Consent (if required under the lease): £200 - £500

• Bank Transfer Fees (each): £25 plus VAT

• Estate Agents’ Fees: Typically charged as a percentage, plus VAT.
  
   

Conveyancing – Purchase (No Mortgage)

Andrew Croft & Co Costs:

• Sale Price up to £1,000,000: £3,500 plus VAT (£700) = £4,200

• Sale Price up to £2,000,000: £4,950 plus VAT (£990) = £5,940

  • The above fees apply to freehold properties, for leasehold properties add £750 plus VAT

• The above costs are based on the client being a “cash purchaser”.

• If a mortgage is involved and Andrew Croft & Co acts for the client, an additional lender’s conveyancer fee will apply, estimated at £175 to £1,000 plus VAT.

Additional Costs (paid on your behalf):

• Conveyancing Searches: £400 - £500

• Land Registry Fees: £40 - £455

• Land Registry Protection Search: £4

• Bank Transfer Fees (each): £5 - £15

• If Leasehold:

  • Notice Fee: £5 - £250

• Additional Budgeting for Leasehold Property: £1,000 (to cover additional legal and other costs identified during the transaction).

• Reimbursement of Seller’s Costs: The buyer must refund the seller for any service charges, buildings insurance, and ground rent paid for the service charge year in which completion occurs.
  
   

Probate (Non-Contentious) Matters

Basic Probate Fees (No Property, 2-4 Bank/Savings Accounts):

• Fees start at £4,500 plus VAT (£900) (Minimum Fee).
   

Probate with Property (Smaller Estates, IHT205 Form):

• Charged at 1.5% of the Gross Value of the Estate plus VAT.

• Example:

  • Estate Worth: £675,000

  • Breakdown:

    • Property: £500,000

    • Savings & Bank Accounts: £175,000

    • Debts (Funeral, Utilities, etc.): £10,000

    • Net Value: £665,000

  • Fee Calculation:

    • 1.5% of £665,000 = £9,975 plus VAT (£1,995)
       

Probate with IHT400 Form (More Complex Estates):

• Charged at 2.5% of the Gross Value of the Estate plus VAT.

• Example:

  • Estate Worth: £625,000

  • Breakdown:

    • Property: £350,000

    • Savings, Investments, and Shares: £275,000

    • Debts: £10,000

    • Net Value: £615,000

  • Inheritance Tax Due: £116,000 (Taxable Estate: £615,000 - £325,000 IHT Threshold = £290,000)

  • Fee Calculation:

    • 2.5% of £615,000 = £15,375 plus VAT (£3,075)
      
       

Additional Fees for Complex Estates:

• Cases involving foreign property, complex family home transfers, or gifts with reservation may incur additional fees based on specific circumstances.