Pricing guidance

Pricing guidance

Murray Snell is registered with the Law Society of Scotland and under new guidance recently published regarding “Transparent Pricing”, we have provided below a summary of fees, outlays and costs which you may incur, whilst using our services. This guidance is in place for all firms in Scotland that offer legal services to consumer/private clients.

Property

Our fees are noted as follows:

 

Purchase – Murray Snell Conveyancing Fees (ex. VAT)

Under £100k

£925

Under £150k

£1,025

Under £200k

£1,225

Under £300k

£1,325

Under £400k

£1,425

Over £400k

Fee by arrangement

Extras
(Additional costs that could potentially apply depending on individual circumstances)

LBTT Admin Fee

£75

Mortgage Administration Fee

£200

Help to Buy Scheme / First Home Fund

£450

HTB ISA

£50

Lifetime ISA

£100

Information re. Cohabitation Agreement

£50

Sasine Title / First Registration / New Build

£100

3rd Party Funds

£100

 

Sale Estate Agency

Under £250k

1% commission on the sale price

Over £250,000

0.85% commission on the sale price

Conveyancing following estate agency

The sale conveyancing is offered at a restricted fee of £600 plus vat following on a sale through Murray Snell marketing services

Extras

Marketing Outlays for:

 

Home Report Fee

 

 

Charged by the surveyor appointed and cost dependent on valuation figure.

Photography

£204

ESPC website advertising

£ 299 plus VAT

OTM, Prime Location and Zoopla adverts

£ 150

Schedules

£40- £90 depending on hard copy or web only

Viewing charges

£15 per hour

For Sale Board

£20

 

Sale – Murray Snell Conveyancing Fees (ex. VAT)

Under £100k

£775

Under £150k

£875

Under £200k

£1,025

Under £300k

£1,225

Under £400k

£1,325

Over £400k

Fee by arrangement

Extras
(Additional costs that could potentially apply depending on individual circumstances)

Mortgage

£100

Mortgage (Company)

£150

Notice of Potential Liability

£100

Unauthorised Alterations

£150

TIP

£100

Declaration of Solvency

£100

Sasine

£100

Executry

£150

We are transparent by providing a clear fee quotation for our professional services and this is detailed in our Letter of Engagement. In some instances, the fee will be revised after discussion in the event of complex issues arising.

Property purchase

Our fee is subject to VAT and outlays. This will be for standard residential property work in a normal property transaction. It will include in a residential property purchase:

  1. Taking Instructions from a client
  2. Submitting a Formal Offer
  3. Receiving and Reviewing the Home Report
  4. Receiving a Qualified Acceptance
  5. Examining the Title Deeds and providing a title report to the client
  6. If applicable, receiving a Mortgage Offer and acting for the Lender in the transaction
  7. Concluding missives for the purchase and having the Client sign the Standard Security
  8. Receiving the searches and requesting loan funds from the Lender
  9. Requesting the deposit & expenses from the client
  10. Settling the transaction for the client
  11. Dealing with the LBTT Return if applicable
  12. Registering the title deeds at the Land Register of Scotland
  13. Sending the title sheet to the Lender and client post completion

Our quoted fee will not include any property matters which were unforeseen or out with our control. If there are issues regarding the title deeds or unauthorised alterations this might involve additional work for the client. For example, if the Seller occupied garden ground out with his legal title this may involve corrective conveyancing which would be more time consuming. At Murray Snell, we would let the client know as soon as we were aware of issues which may impact on our professional fee. This may involve speaking to the client or arranging a meeting.

Estate Agency Service

This fee will include:

  1. Arranging marketing visits
  2. Discussion of Home Report and Pricing
  3. Placement of adverts on websites as agreed
  4. Arranging viewings
  5. Follow up and reporting on viewers’ comments
  6. Dealing with Notes of Interest
  7. Setting Closing Times / dealing with receipt of Offers or negotiation of price
  8. Receipt of formal Offer and passing to solicitor for contractual acceptance

Property sale

Our fee in a residential property sale would include the following:

  1. Receiving the Offer from the Estate Agent
  2. Sending the Offer to the Client for instructions with a copy of the Scottish Standard Clauses
  3. Receiving instructions and issuing a Qualified Acceptance
  4. Ordering up the Title Deeds and instructing a Multi Search
  5. Sending the searches with our conveyancing drafts to the purchasing Solicitor
  6. Dealing with observations on title raised by the purchasing Solicitor
  7. Arranging for our client to sign the Disposition
  8. If applicable requesting a redemption statement from the Lender
  9. Concluding missives for the sale
  10. Registering an advance notice
  11. Settling the transaction for the client
  12. If applicable redeeming the client’s mortgage by chaps transfer
  13. Sending any surplus monies to the client

Our quoted fee would not include work which was unexpected or out with our control. One example of increased work would be where clients had carried out unauthorised alterations which would result in us having to obtain a letter of comfort from the relevant local authority or a title indemnity policy.

Executries

This document sets out our pricing guidance for executry administration matters where:

  • There is a valid, uncontested Will; and
  • All of the assets of the estate are situated within Scotland.

Legal fees

Various factors can affect the complexity of estate administration work. It is therefore difficult to predict at the outset what may be involved in the administration of a particular estate and to provide a definitive estimate of our charges for all the work involved. Unless we agree alternative arrangements with you in writing, the charges for our services will therefore be based on the time spent on the matter at our hourly rates of between £170 to £350 plus VAT.

The above figures do not include:

  • VAT (currently charged at 20%) which will be added to the invoice; and
  • Any disbursements incurred on your behalf (see anticipated disbursements below).

The applicable hourly rate will depend on the degree of experience of the individual or individuals who deal with the administration of the estate. A number of factors are taken into account to determine the correct individuals for each file, including the size and complexity of the estate.

We periodically review our hourly rates and if they alter, we will advise you of this.

Fee Assumptions

Our estimated range of charges, above, assumes that:

  • There is a valid, uncontested Will;
  • All of the estate assets are situated within the UK and any heritable property in Scotland;
  • There are no disputes in relation to the Will and/or between executors and/or beneficiaries on any matters relating to the estate;
  • There are no claims made against the estate by any individual, beneficiary or third party.
  • There are no business and/or agricultural assets in the estate and no advice is required as to the availability (or not) of any associated reliefs from tax;
  • No investment advice is required; and
  • There are no trusts created under the Will.

If you feel that an estate may be more complex and may not fall within the estimated fee range provided above, please contact us and we would be delighted to provide you with a bespoke estimate. If there is a heritable property which requires to be sold, we can provide an estimate of the conveyancing costs involved, which are charged separately.

What is included in the fee?

Our estimated range of charges, above, is intended to cover all the work required to administer the estate of the deceased (see Fee Assumptions, above), including obtaining Confirmation, ingathering and distributing the estate in accordance with the terms of the Will. This may include some or all of the following:

  • Investigating details of the deceased’s assets and liabilities as at the date of death;
  • Informing beneficiaries of their entitlements under the Will;
  • Preparation of the Confirmation (Probate) application, including Form C1 and Form C5, and any Inheritance Tax Forms and schedules, based on the information provided by you.
  • Submitting the forms to Revenue Scotland and the application to the relevant Sheriff Court in order to obtain Confirmation;
  • Exhibit the Confirmation and account closure form(s) to asset holders, and ingathering the sums due;
  • Settling the estate liabilities from estate funds;
  • Distribution and/or transfer of the estate to the beneficiaries; and
  • Preparation of simple Estate Accounts.

Anticipated disbursements

Disbursements are costs from third parties (e.g. court fees) and these do not form part of our Legal Fees. We can arrange payment of the disbursements on your behalf but may require you to put us in funds to do this first. We would expect to incur the following disbursements during the administration process:

  • Confirmation Dues of £266 (for estates valued at up to £250,000) or £532 (estates valued over £250,000) payable to the Scottish Courts Service in order to issue the principal Confirmation
  • Individual Certificates of Confirmation cost a further £8 each if ordered when applying for Confirmation (the court fees are reviewed periodically and may therefore increase); and

How long does it take to complete the administration process?

The timescale will always depend on the individual circumstances of the estate. Generally, executry matters can take between six months and two years to complete, but the timescale may be longer if complex issues arise or if the Court, HMRC or asset holders delay the process.

By way of example, if there is one beneficiary, one bank account and no property, the timescale will be at the lower end of the above range. Alternatively, if there are multiple beneficiaries, multiple assets and HM Revenue & Customs reporting requirements, the timescale will more likely be towards the higher end of the above range.

Stages of the estate administration process

The precise stages involved in the investigation, ingathering and distribution of an estate will vary depending on the circumstances. We will keep you advised as matters progress, however, it may be useful for us to outline the three key stages of the process:

First Stage

  • Writing to all potential asset holders and creditors to obtain the value of assets and the extent of liabilities, on the basis of information provided by you; and
  • Writing to all beneficiaries to notify them of their entitlements under the Will.

Second Stage

  • Preparing the application for Confirmation and Inheritance Tax forms) and arranging approval and signing by the executors;
  • Completing the associated bank or building society account closure form(s) on behalf of the executors and arranging signing;
  • Lodging the Confirmation application with the Sheriff Court; and

Third Stage

  • Exhibiting the Confirmation to asset holders with the completed withdrawal/closure forms;
  • Ingathering cash from banks or building societies into our client account on your behalf;
  • Arranging settlement of outstanding estate liabilities and requesting written confirmation from each institution that no further payments are required from the estate;
  • Distributing the estate to the beneficiaries;
  • Completion of simple Estate Accounts detailing our dealings with the funds of the estate

Private Client Team

Our dedicated Private Client Team will deal with the administration of the estate on your behalf. If you instruct us, you will be provided with the names of the individuals who will be acting for you, including the Partner responsible for overall supervision of your file. For more information or to discuss instructing us please contact:

Philippa Snell (Partner) pippa.snell@murraysnell.com
Gordon Murray (Partner) gordon.murray@murraysnell.com
Aileen Holm aileen.holm@murraysnell.com
Chris Gardiner chris.gardiner@murraysnell.com
or Telephone: 0131 625 6625

Welfare and PoA

This document sets out our pricing guidance for the preparation of Welfare & Continuing Power of Attorney.

Legal fees

Our standard charge for the preparation of a single Power of Attorney fee is £250 (excluding VAT). A couple making standard Powers of Attorney together will benefit from a discounted rate of £450 (excluding VAT) if they instruct us to draft standard Powers of Attorney at the same time.

The above range does not include:

  • VAT (currently charged at 20%) which will be added to the invoice; and
  • Any disbursements incurred on your behalf (see anticipated disbursements below).

Fee Assumptions

Various factors can affect the complexity of a Power of Attorney. Our standard fee estimate assumes that:

  • You wish to include both Welfare & Continuing Powers;
  • You do not wish to appoint more than three Attorneys;
  • You do not wish to include any bespoke springing clauses and (in cases where you do not intend the Power of Attorney to be activated immediately) wish your capacity to be assessed on the basis of your Attorney(s) forming the reasonable belief that you have lost capacity; and
  • You do not wish to add any bespoke powers.

If you feel that your Power of Attorney requirements may be more complex, please contact us and we would be delighted to provide you with a bespoke estimate.

What is included in the fee?

Our standard fee above is intended to cover all necessary work required to complete your Power of Attorney. This may include some or all the following:

  • Taking your instructions by meeting with you in person, on a video call or on the telephone;
  • Drafting the Power of Attorney in line with your instructions;
  • Sending a draft of the Power of Attorney to you for approval;
  • Making any necessary adjustments to the Power of Attorney;
  • Meeting with you to sign the Power of Attorney or sending it to you for signing with your Doctor;
  • Submitting the Power of Attorney to the Office of the Public Guardian for registration (if applicable); and
  • Storing the signed Power of Attorney (and registered Power of Attorney, if applicable) in our strong room (if you wish) and providing a copy to you.

Anticipated disbursements

Disbursements are costs from third parties (eg. a fee to register a document) and these do not form part of our Legal Fees. We can arrange payment of the disbursements on your behalf but will require you to put us into funds to do this. We would normally expect to incur the following disbursement:

  • Registration Fee of £81 (at time of writing) payable to the Office of the Public Guardian for registering a Power of Attorney (£162 at time of writing where a couple both make Powers of Attorney). This fee is subject to change by the Office of the Public Guardian and is reviewed by them on an annual basis.

 

How long does it take to complete the Power of Attorney?

We estimate this matter may take up to two months to complete, assuming that you provide your instructions promptly in relation to any queries we may have, and that all other parties involved in this matter will also act or respond promptly as matters progress. This timescale is indicative only, though, and may be considerably shorter or may change due to unexpected complexity or developments, or through factors that are beyond our control.

The Office of the Public Guardian can take up to 16 weeks to register the document and provide an extract registered copy. This timescale is indicative only, though, and may change because of unexpected delays at the Office of the Public Guardian and this is beyond our control.

Private Client Team

Our dedicated Private Client Team will prepare your Power of Attorney. If you instruct us, you will be provided with the names of the individuals who will be acting for you, including the Partner responsible for the overall supervision of your file. For more information or to discuss instructing us please contact:

Philippa Snell (Partner) pippa.snell@murraysnell.com
Gordon Murray ( Partner) gordon.murray@murraysnell.com
Aileen Holm aileen.holm@murraysnell.com
Alan Burns alan.burns@murraysnell.com
Chris Gardiner chris.gardiner@murraysnell.com
or Telephone: 0131 625 6625

Wills

This document sets out our pricing guidance for the preparation of Wills.

Legal fees

Our charges will vary considerably, depending on the precise terms of the Will and the extent of advice required by our clients, according to their individual circumstances. Therefore our fees can range from £295 (plus VAT) for a very straightforward Will, to £750 plus VAT or more where complex tax planning and/or asset protection provisions and advice are required. Where a couple wish straightforward Wills which are reciprocal in their terms we will be in a position to offer a restriction to the combined fees, Mirror Wills for husband and wife prepared at the same time start from £395 plus VAT.

The above range does not include:

  • VAT (currently charged at 20%) which will be added to the invoice; and
  • Any disbursements incurred on your behalf (see anticipated disbursements below).

Fee Assumptions

Various factors can affect the complexity of a Will. Our standard fee estimate assumes that:

  • All of your assets are located in Scotland and no advice is required in relation to the succession of foreign assets;
  • You do not require advice relating to business and/or agricultural assets;
  • You do not require any tax advice;
  • You do not require any advice in relation to asset protection;
  • ; and
  • You are domiciled in Scotland.

If you feel that your Will requirements may be more complex, please contact us and we would be delighted to provide you with a bespoke estimate.

What is included in the fee?

Our standard fee above is intended to cover all necessary work required to complete your Will. This may include some or all of the following:

  • Taking your instructions by meeting with you in person, on a video call or on the telephone;
  • Drafting the Will in line with your instructions;
  • Sending a draft of the Will to you for approval;
  • Making any necessary adjustments to the Will;
  • Sending the Will to you for signing; and
  • Confirming receipt of the signed Will from you, storing the document in our strong room (if you wish) and providing a copy to you.

Anticipated disbursements

Disbursements are costs from third parties (eg. a fee to register a document) and these do not form part of our Legal Fees. We can arrange payment of the disbursements on your behalf but may require you to put us into funds to do this, first. We would not normally expect to incur any disbursements when preparing Wills but if for example, you wish us to arrange to uplift a previous Will from another firm of Solicitors, they may charge a processing fee and where a title change to property is required as a result of the provisions of a will there will be additional outlays quoted to you at the time.

How long does it take to complete the Will?

We estimate that this matter may take up to two months to complete, assuming that you provide your instructions promptly in relation to any queries we may have, and that all other parties involved in this matter will also act or respond promptly as matters progress. This timescale is indicative only, and may be considerably quicker or may change due to unexpected complexity or developments, or through factors beyond our control.

Private Client Team

Our dedicated Private Client Team will prepare your Will. If you instruct us, you will be provided with the names of the individuals who will be acting for you, including the Partner responsible for the overall supervision of your file. For more information or to discuss instructing us please contact:

Philippa Snell (Partner) pippa.snell@murraysnell.com
Gordon Murray ( Partner) gordon.murray@murraysnell.com
Aileen Holm aileen.holm@murraysnell.com
Alan Burns alan.burns@murraysnell.com
Chris Gardiner chris.gardiner@murraysnell.com
or Telephone: 0131 625 6625