Regulatory information

Devonshires and Devonshires Solicitors are the trading names of Devonshires Solicitors LLP, registered in England and Wales with company number OC397401 authorised and regulated by the Solicitors Regulation Authority under registration number 619881. The SRA’s Rules can be found in its Codes of Conduct, available through the SRA website – https://www.sra.org.uk/solicitors/standards-regulations/.

A list of members is available for inspection at the registered office at 30 Finsbury Circus, London EC2M 7DT.

Any reference to Devonshires or Devonshires Solicitors on this website refers to Devonshires Solicitors LLP.

These pages contain general information only. Nothing in these pages constitutes legal advice. You should consult a suitably qualified lawyer on any specific legal problem or matter.

Devonshires Solicitors LLP is registered for VAT purposes with VAT registration number 231 5013 62.

Complaints

We want to give you the best possible service. However, if at any point you become unhappy or concerned about the service we have provided then you should inform us immediately, so that we can do our best to resolve the problem.

In the first instance it may be helpful to contact the person who is working on your case to discuss your concerns and we will do our best to resolve any issues at this stage. If you would like to make a formal complaint, then you can read our full complaints procedure here. Making a complaint will not affect how we handle your case.

The Solicitors Regulation Authority can help you if you are concerned about our behaviour. This could be for things like dishonesty, taking or losing your money or treating you unfairly because of your age, a disability or other characteristic.

You can raise your concerns with the Solicitors Regulation Authority.

What to do if we cannot resolve your complaint

The Legal Ombudsman can help you if we are unable to resolve your complaint ourselves. They will look at your complaint independently and it will not affect how we handle your case.

Before accepting a complaint for investigation, the Legal Ombudsman will check that you have tried to resolve your complaint with us first. If you have, then you must take your complaint to the Legal Ombudsman:

  • Within six months of receiving a final response to your complaint

and

  • No more than six years from the date of act/omission; or
  • No more than three years from when you should reasonably have known there was cause for complaint.

If you would like more information about the Legal Ombudsman, please contact them at:

Website: www.legalombudsman.org.uk
Tel: 0300 555 0333 between 9am to 5pm.
Email: enquiries@legalombudsman.org.uk
Address: Legal Ombudsman PO Box 6806, Wolverhampton, WV1 9WJ

Legal Notices

Warning

Devonshires makes no warranties, representations or undertakings about any of the content of this website (including, without limitation, any as to the accuracy, quality, completeness or fitness for any particular purpose of such content), or any content of any other website referred to or accessed by hypertext link through this website (“Third Party Site”).

Devonshires does not endorse or approve the content of any Third Party Site, nor will Devonshires have any liability in connection with any of them (including, but not limited to, liability arising out of any allegation that the content of any Third Party Site infringes any law or the rights of any person or entity). Any enquiries should be directed to info@devonshires.co.uk.

Copyright Notice

The contents of these pages are © Devonshires 2019. You may download to a local hard disk and print extracts from this website for any non-commercial purpose. You may also copy materials on this site to third parties provided that any such copy is accurate and not misleading, is provided free of charge, acknowledges Devonshires as its source and prominently features both this limited right to copy and the www.devonshires.co.uk web address.

You may provide a link (but not a framed link) to this site from any other business information or business service website, but not (save with our prior written agreement) in any way which creates the impression that we are associated with or have approved such other site. Apart from this, you may not reproduce or store any part of this site on any other website without our prior consent.

Bribery Act

Devonshires Solicitors LLP has a zero tolerance policy towards bribery and corruption. The Firm is subject to the UK Bribery Act 2010 and has an anti-corruption policy which has been endorsed by its senior management. The policy applies to all of our employees, and prohibits making, offering or promising to make a payment or to transfer anything of value, including the provision of any service, gift or entertainment, on our behalf, by all or any of our employees, for any improper purpose or business advantage.

For more information about our anti-corruption policies and procedures, please contact us.

List of partners

List of partners in alphabetical order:

Name Admitted
Andrew Cowan Solicitor admitted in England & Wales
Aruna Sarwar Solicitor admitted in England & Wales
Asif Patel Solicitor admitted in England & Wales
Caroline Mostowfi Solicitor admitted in England & Wales
Chris Drabble Solicitor admitted in England & Wales
Dan Moan Solicitor admitted in England & Wales
Donna McCarthy Legal Executive admitted in England & Wales
Elad Yasdi Solicitor admitted in England & Wales
Gary Grigor Solicitor admitted in England & Wales
Hannah Langford Solicitor admitted in England & Wales
James Dunn Solicitor admitted in England & Wales
James Lyons Solicitor admitted in England & Wales
Jim Varley Solicitor admitted in England & Wales
Jonathan Corris Solicitor admitted in England & Wales
Jonathan Jarvis Solicitor admitted in England & Wales
Julian Barker Solicitor admitted in England & Wales
Kathryn Kligerman Solicitor admitted in England & Wales
Katie Maguire Solicitor admitted in England & Wales
Kirsty Thompson Solicitor admitted in England & Wales
Kris Kelliher Solicitor admitted in England & Wales
Lee Russell Solicitor admitted in England & Wales
Mark Foxcroft Solicitor admitted in England & Wales
Mark London Solicitor admitted in England & Wales
Matthew Cocklin Solicitor admitted in England & Wales
Michael Wharfe Solicitor admitted in England & Wales
Michelle Mullen Solicitor admitted in England & Wales
Neil Lawlor Solicitor admitted in England & Wales
Neil Toner Solicitor admitted in England & Wales
Nick Billingham Solicitor admitted in England & Wales
Nick Grant Solicitor admitted in England & Wales
Nikki Bowker Solicitor admitted in England & Wales
Paul Buckland Solicitor admitted in England & Wales
Philip Barden Solicitor admitted in England & Wales
Richard Anderson Solicitor admitted in England & Wales
Richard Sharpe Solicitor admitted in England & Wales
Robert Turner Solicitor admitted in England & Wales
Saghar Roya Solicitor admitted in England & Wales
Sharon Kirkham Solicitor admitted in England & Wales
Stephen Netherway Solicitor admitted in England & Wales
Triya Maicha Solicitor admitted in England & Wales

The information on this page is required by the Electronic Commerce (EC Directive) Regulations 2002.

The firm is authorised under the Financial Services and Markets Act 2000 to undertake exempt regulated activities without being authorised by the Financial Conduct Authority, provided that we comply with rules made by the Solicitors Regulation Authority. Such rules specify the regulated activities which the firm may and may not undertake. We do not carry on mainstream financial services activities, which would require us to be regulated by the Financial Conduct Authority. We are permitted to perform limited regulated financial activities in addition to our normal professional services, in the form of insurance mediation activities. This is broadly advising on, selling and the administration of insurance contracts. We may only conduct such activities where they are complementary and incidental to the provision of a particular professional service to a particular client.

Regulatory Information

Market Abuse Regulations (596/2014) (MAR)

The Market Abuse Directive imposes obligations on listed companies concerning the disclosure and control of inside (i.e. price sensitive) information. We can, if you are a company listed on the Main Market of the London Stock Exchange, assist you in complying with your obligations such as maintaining an insider list in accordance with the disclosure rules.

Complaints

Devonshires is committed to high quality legal advice and client care. If you are unhappy about any aspect of the service you have received or about the bill, please contact your Client Partner, or if you prefer, our Complaints Partner, whose details can be provided on request. We have a procedure in place which details how we handle complaints which is available on request.

We have eight weeks to consider your complaint. If we have not resolved it within this time, you may have the right to complain to the Legal Ombudsman. Please note that the Legal Ombudsman can only accept complaints from individuals, beneficiaries of an estate/trust, and small businesses and charities. The Legal Ombudsman cannot accept complaints from public bodies or corporate entities. If you would like to know whether you are eligible to complain to the Legal Ombudsman, then please contact it directly. The Legal Ombudsman can be contacted on 0300 555 0333 or can be contacted by email at enquiries@legalombudsman.org.uk.

Normally, you will need to bring a complaint to the Legal Ombudsman within six months of receiving a final written response from us about your complaint or within six years of the act or omission about which you are complaining occurring, or within three years from when you should have known about the complaint. You also have a right to object to a bill by applying to the court for assessment of the bill under Part III of the Solicitors Act 1974. If all or part of a bill remains unpaid, we may be entitled to charge interest.

Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) and the Proceeds of Crime Act 2002 impose a number of obligations on law firms in the United Kingdom as part of the UK Government’s measures to combat money laundering and the financing of terrorism.

This legislation is intended to provide a comprehensive system of client identification procedures, record keeping and mandatory reporting.

Upon taking instructions from a new client we are required to identify both our client and (if relevant) the ultimate beneficial owner of our client, and to verify that identity in a number of ways. We will need your assistance to satisfy these requirements and we will not be able to act for you if we cannot comply with these obligations.

As lawyers, we are under a general professional and legal obligation to keep your affairs private. However, we are required, by current legislation, to make a report to the National Crime Agency (NCA) where we know or suspect that a transaction involves Money Laundering or Terrorist Financing. By instructing us to act on your behalf in accordance with our Terms of Business you give us irrevocable authority to make a disclosure to NCA if we consider it appropriate.

Modern Slavery Statement

Although we are not obliged to provide a Modern Slavery Statement we have provided this statement on a voluntary basis. This statement reflects our commitment to act ethically, with integrity and to comply with the principles of the Modern Slavery Act 2015.

We are a provider of a range of legal services principally to clients within England and Wales. Our main office is based in London. We have additional offices in Leeds and Colchester. Our business is organised into a number of different practice areas.

Our supply chain includes the sourcing of various facilities principally related to the provision of legal services.

We are committed to ensuring in so far as we reasonably can that there is no modern slavery or human trafficking in our supply chains or in any part of our business. To mitigate the risks of modern slavery or human trafficking we have:

  • Taken steps to ensure we maintain optimum control over the working environment of each office.
  • Policies and procedures in the workplace which encourage our staff to report concerns.
  • Limited the use of international supply chains.
  • Built relationships with suppliers.
  • Taken reasonable steps to ensure we contract with suppliers who:
    • Commit to abide by the same principals regarding equality and diversity and to abolish modern day slavery as we have.
    • Who have assured us that their staff are paid in accordance with the relevant legislation.
    • Share our values.

We expect each supplier to carry out their own due diligence on their own suppliers in so far as it is reasonably practical for them to do so.

To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, all our Partners have been briefed on the matter.

In order to measure how effective we have been to ensure slavery and human trafficking is not taking part in our business or our supply chains we have appropriate HR, payroll and financial systems in place. Wherever possible we have personal contact with our suppliers over the compliance of our expectations.

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the current financial year.

Tax Evasion

Devonshires is committed to zero tolerance for tax evasion, and we are committed to a dedicated programme to counter the risk of any employee, contractor, business partner or representative of our firm engaging in the criminal facilitation of tax evasion.

SRA Transparency Rules

EMPLOYMENT

Our pricing for bringing and defending claims for unfair or wrongful dismissal

Simple case: £3,500.00-£12,000.00 (excluding VAT)

Medium complexity case: £12,000.00-£20,000.00 (excluding VAT)

High complexity case: £20,000.00-£40,000.00 (excluding VAT)

We generally charge on an hourly rate basis.  These estimates are based on our current standard hourly rates which are: £100.00 for a trainee, £195.00 – £260.00 for a qualified solicitor and £315.00 for a partner.  All hourly rates are stated excluding VAT.  We have people of different seniority in our team, ranging from newly qualified to 15  years’ experience.  All are qualified solicitors who are registered with the Law Society and have worked on many Employment Tribunal claims.  The team is assisted by a trainee solicitor.

Factors that could make a case more complex:

  • Events leading up to the dismissal which go back a long time
  • If it is necessary to make or defend applications to amend claims or to provide further information about an existing claim
  • Defending claims that are brought by people who don’t have their own qualified representative to help them
  • Making or defending a costs application
  • Preliminary issues such as whether the claimant has enough service to bring a claim
  • The number of witnesses and documents
  • If it is an automatic unfair dismissal claim e.g. the dismissal is said to be because the person ‘blew the whistle’
  • Having to have a separate hearing to decide what compensation should be awarded if the claim is successful

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

We use a barrister (also known as Counsel) for hearings at a Tribunal.  Counsel fees for preparation time can range from £650.00 to £5,000.00 excluding VAT (depending on the level of advocate).  For each hearing day, Counsel’s fees can be between £650.00 to £2,000.00 per day excluding VAT (depending on experience of the advocate).

Key stages

The fees set out above cover all of the work in relation to the following key stages of a claim:

  • Taking your initial instructions, reviewing the papers and advising you on merits and likely compensation (this is likely to be revisited throughout the matter and subject to change)
  • Entering into pre-claim conciliation where this is mandatory to explore whether a settlement can be reached;
  • Preparing claim or response
  • Reviewing and advising on claim or response from other party
  • Exploring settlement and negotiating settlement throughout the process
  • Preparing or considering a schedule of loss/counter schedule of loss
  • Preparing for (and instructing Counsel to attend)  Preliminary Hearing(s)
  • Preparing the list of documents, exchanging documents with the other party and reviewing their documents
  • Taking witness statements, drafting statements and agreeing their content with witnesses
  • Preparing the trial bundle
  • Reviewing and advising on the other party’s witness statements
  • Agreeing a list of issues, a chronology and/or cast list
  • Preparation and Counsel’s attendance at Final Hearing, including instructions to Counsel

A hearing for wrongful dismissal would typically be completed within 1 day. A hearing for unfair dismissal would typically take 1 or 2 days depending on complexity and the number of witnesses, but it can take longer for example if it is about whistleblowing.  Normally a wrongful dismissal or unfair dismissal case can be dealt with in a single hearing, but sometimes there has to be an preliminary hearing first to decide something essential about the claim, or it might be necessary to have a separate hearing to decide what compensation should be awarded if the Tribunal runs out of time to do so at the main hearing.  There would be extra Counsel costs if additional hearings were required.

We would charge extra if someone from our team was to attend the hearing as well as Counsel.  This would usually be £100.00 per hour  excluding VAT, but the actual hourly rate will depend on the seniority of the individual attending.

The stages set out above are an indication and if some of stages above are not required, the fee will be lower. You may wish to handle the claim yourself and only have our advice in relation to some of the stages. This can also be arranged on your individual needs.

How long will my matter take?

The time that it takes from taking your initial instructions to the final resolution of your matter depends largely on the stage at which your case is resolved and when the tribunal has capacity to hear the claim. If a settlement is reached before a claim has to be issued, your case is likely to take 4-6 weeks. If your claim proceeds to a Final Hearing, your case is likely to take 4-10 months. This is just an estimate and we will of course be able to give you a more accurate timescale once we have more information and as the matter progresses.


DEBT RECOVERY

UNDISPUTED DEBT RECOVERY

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Hourly Rates
Robert Edge (RJE) £235.00
If colleague required:
Partner £285.00 – £425.00
Assistant Solicitor £170.00 – £270.00
Trainee Solicitor £120.00
Paralegal £110.00

 

We can also arrange with you to charge a percentage (10-30%) of the sum recovered.

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.

Our fee includes:

  • Taking your instruction and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing the claim
  • Where no Acknowledgement of Service of Defence is received, applying to the Court to enter Judgment in default
  • When Judgment in default in received, writing to the other side to request payment
  • If payment is not received within an agreed specified timeframe, providing you with advice on next steps and likely costs

Matters  usually take 2-6 weeks from receipt of instruction from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgment in default. If enforcement action is needed, the matter will take longer to resolve.


CONVEYANCING TRANSPARENCY

Purchase of a Residential Property

Disbursements and Fees

Our fees cover the legal work that is required to complete the purchase of your new home, including acting for your Mortgage lender (if applicable and where we are appointed by them to do so), dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty).  Whilst our work covers the legal work that is generally required to complete a purchase, we draw your attention to the information set out below, which sets out the work, and advice that is specifically excluded within our retainer.

Legal fee for a Freehold Property:

Our fees for the purchase a Freehold property (based on the assumptions set out below) are based on the value of the property and subject to a minimum fee of £1,200 excluding VAT, and are as follows:

Value of Property Fee (excl VAT etc)
£0 – £500,000 0.275% of the purchase price
£500,001 – £1,000,000 0.2% of the purchase price
£1,000,001 – £2,000,000 0.1625% of the purchase price
£2,000,001 -£3,000,000 0.125% of the purchase price
£3,000,001 or above Fee to be agreed once the sales particulars and key terms of the transaction are known

Legal fee for a Leasehold Property:

Our fees for the purchase of a Leasehold property (based on the assumptions set out below) are based on the value of the property and subject to a minimum fee of £1,500 excluding VAT, and are as follows:

Value of Property Fee (excl VAT etc)
£0 – £500,000 0.35% of the purchase price
£500,001 – £1,000,000 0.275% of the purchase price
£1,000,001 – £2,000,000 0.2375% of the purchase price
£2,000,001 -£3,000,000 0.2% of the purchase price
£3,000,001 or above Fee to be agreed once the key terms of the transaction are known

Disbursements:

The usual disbursements payable to third parties (for example the Land Registry and the Government), in addition to our Legal Fee set out above, are as follows:

  • Search fees:

£450 including VAT (if the searches required do not amount to this sum, we will credit any remaining balance against our invoice in due course)

  • Land Registry fee:

£135-£500 (dependent of the value of the property). VAT is not payable on this disbursement.

  • Electronic money transfer fee:

£30 including VAT per transfer required

  • Landlord’s registration fees (if leasehold):

£100 to £500 including VAT (variable according to the Landlord)

  • VAT payable on our fees:

Value Added Tax is payable to the Government on our Legal Fee at the current rate of 20%.

We use the word ‘Disbursements’ to mean costs related to your matter that are payable to third parties, such as Land Registry fees. We will handle the payment of the disbursements on your behalf to ensure a smoother process throughout the course of your transaction.

At Devonshires we do not pay referral fees to Estate Agents or third parties in return for their recommendations; we are referred because the Estate Agent agrees with us that our service levels, efficiency and client care are second to none.

If you are buying with the assistance of a Mortgage you will need to let us know which lender you intend to proceed with. We are registered on the Solicitor Panel for a variety of lenders, but not all of them, so this will determine whether or not your lender will need to instruct their own Solicitor.

How long will it take?

The duration of your transaction will be dependent on a number of variable factors. The average process usually takes between 6 and 10 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 5 – 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease for example, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

The length of the chain will also have an impact on timing, because each buyer and seller in the chain will need to be ready to move at the same time, so it might be necessary to wait for others to catch up.

What does the process involve?

The precise stages involved in the purchase of a property vary according to the circumstances. However, we have set out below the key stages that will usually be involved in all property purchase transactions, being the stages that are included within our costs that are set out above:

  • We will take your instructions and provide initial advice as to the process and what we require from you;
  • We will seek confirmation that your finances are in place to fund the purchase and contact your lender’s solicitors (if needed);
  • We will advise you on the methods of joint ownership, if you are more than one person;
  • We will receive and advise you on your property contract documents received from the Seller’s solicitors;
  • We will carry out the usual searches which will have been discussed with you before these are put in hand;
  • We will raise enquiries of seller’s solicitor following a review of the legal documentation provided;
  • We will provide you with a report on title which will set our findings based on the review of the title information, search results and replies to enquiries we have received and highlight any issues, and where possible ways to mitigate against the risk of those, in the form of a comprehensive and detailed report;
  • Where you have a mortgage, and where the lender is happy for us to act, we will act for both you and the mortgage company.  We will have a duty to disclose to the mortgage company any matter we consider onerous or that we are required to do so as part of the CML requirements, and or any matter that we become aware of in relation to how you will be funding your purchase where monies are coming from other sources other than your own.
  • We will send the final Contract to you for signature, and agree a completion date (the date from which you own the property and collect the keys) with the seller and the rest of the chain;
  • We will exchange Contracts, after taking your authority to do so, and notify you once this has happened;
  • We will request for all monies needed to be received from both your Mortgage lender and you, in time for the agreed completion date;
  • We will then proceed to complete the purchase and notify you that the keys can be collected
  • We will then deal with the submission of the SDLT form with HMRC and submit any stamp duty payable once the funds are received by us from you and submit an application for registration of your ownership at the Land Registry.

Stamp Duty Land Tax

The purchase of a property in the United Kingdom is usually subject to a tax payable to the Government, known as Stamp duty Land Tax (or ‘Stamp Duty’). This depends on the purchase price of your property.  Also, first time buyers may receive more tax relief than others, whereas buyers who already own other properties may need to pay more tax. You can calculate the amount you will need to pay by using the online calculator on HMRC’s website (or if the property is located in Wales, by using the Welsh Revenue Authority’s website).

*Our fees assume that:

  1. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (being a contract, transfer and/or lease);
  2. the purchase is to be by way of a freehold transfer of whole or if leasehold, this is the assignment of an existing lease and it is not the grant of a new lease; Please note, that if the property is leasehold, you should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as this we receive this information.
  3. the transaction is concluded in a timely manner and no unforeseen complications arise;
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  5. no indemnity policies are required. Additional costs and disbursements may apply if indemnity policies are required;
  6. that the Property is being purchased by up to two people and not a company in one transaction.

**Please note that our work does not include:

  1. Advice in respect of accounting treatment or any other Financial advice.
  2. Advice in respect of insurance matters
  3. Advice in respect of planning matters beyond reporting to you the results of any local search undertaken
  4. Tax advice or tax planning including, without limitation, advice on VAT, Capital Gains Tax, Corporation Tax or Income Tax
  5. Any licences to undertake works
  6. Dealing with any overage provisions
  7. Varying of any existing documents
  8. Reviewing or advising on any third party interests or tenancies, should a property be sold not with vacant possession
  9. Inspection of the Property
  10. Any extension required to extend any lease

Sale of a Residential Property

Disbursements and Fees

Our fees cover the legal work that is required to complete the sale of your property, including providing evidence of your ownership to the buyer’s Solicitors from the land registry, negotiating the sale Contract and completing, and redeeming any Mortgage that you have from the sale proceeds.

Whilst our work covers the legal work that is generally required to complete a sale, we draw your attention to the information below, which sets out the work, and advice that is specifically excluded within our retainer.

Legal fee for a Freehold Property:

Our fees for the sale a Freehold property (based on the assumptions set out below) are based on the value of the property and subject to a minimum fee of £1,200 excluding VAT, and are as follows:

Value of Property Fee (excl VAT etc)
£0 – £500,000 0.275% of the purchase price
£500,001 – £1,000,000 0.2% of the purchase price
£1,000,001 – £2,000,000 0.1625% of the purchase price
£2,000,001 -£3,000,000 0.125% of the purchase price
£3,000,001 or above Fee to be agreed once the sales particulars and key terms of the transaction are known

Legal fee for a Leasehold Property:

Our fees for the sale of a Leasehold property (based on the assumptions set out below) are based on the value of the property and subject to a minimum fee of £1,500 excluding VAT, and are as follows:

Value of Property Fee (excl VAT etc)
£0 – £500,000 0.35% of the purchase price
£500,001 – £1,000,000 0.275% of the purchase price
£1,000,001 – £2,000,000 0.2375% of the purchase price
£2,000,001 -£3,000,000 0.2% of the purchase price
£3,000,001 or above Fee to be agreed once the key terms of the transaction are known

 

  • Management Information Pack (if Leasehold):

£200 to £500 including VAT (variable depending on your Landlord)

  • Land Registry Documents fee:

£15 to £30 including VAT

  • Electronic money transfer fee:

£30 including VAT per transfer required

  • VAT payable on our fees:

Value Added Tax is payable to the Government on our Legal Fee at the current rate of 20%

We use the word ‘Disbursements’ to mean costs related to your matter that are payable to third parties, such as Land Registry fees. We will handle the payment of the disbursements on your behalf to ensure a smoother process throughout the course of your transaction.

At Devonshires we do not pay referral fees to Estate Agents or third parties in return for their recommendations; where we are referred, this is usually because of our excellent service that we deliver to our clients and our reputation.

How long will it take?

The duration of your transaction will be dependent on a number of variable factors. The average process usually takes between 5 and 10 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are your buyer is not selling a property themselves and does not require a Mortgage, it could take 5/6 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such a situation additional charges would apply.

The length of the chain will also have an impact on timing, because each buyer and seller in the chain will need to be ready to move at the same time, so it might be necessary to wait for others to catch up.

What does the process involve?

  • We will take your instructions and provide initial advice;
  • We will  guide  you  through  the  forms  that  you  will  need  to  complete,  and  the  documents  that  you  need  to    The  forms  are  usually  a  Property  Information  Form  and  Fittings  &  Contents  form,  which  will  be  supplied  to  the  buyer;
  • We will  prepare  a  Contract  and  send  it  to  the  buyer’s  Solicitor  along  with  the  full  legal  title  to  the  property,  the  forms  that  you  have  already  completed  and  any  documents  that  you  have  supplied;
  • It is  likely  that  there  will  be  some  questions  from  the  buyer and their  Solicitor  for  us  to  answer, and  some  which may be  best  answered  by  you;
  • Once the  buyer  is  happy  with  our  answers  to  their  questions,  the  results  of  their  searches  and  the  terms  of  their  Mortgage  offer,  we  will  let  you  have  the  Contract  to  sign  and  seek  agree a completion  date;
  • We will  then  be  ready  to  exchange  Contracts,  and  this  is  when  the  Contract  and  completion  date  become  legally    The  completion  date  will  usually  be  at  least  five  working  days  after  exchange,  but  in  exceptional  circumstances  it  may  be  possible  to  complete  sooner;
  • If you  have  a  Mortgage,  we  will  contact  your  lender  to  find  out  exactly  how  much  is  owed  to  them,  and  we  will  send  a  statement  to  you  showing  the  amount  that  will  be  available  to  you  on  completion once the amount due to your lender is deducted.  At  this  stage,  there  will  also  be  a  Transfer  document  for  you  to  sign,  which  is  the  legal  document  transferring  ownership  of  the  property  to  the  buyer;
  • On the  day  of  completion,  you  should  ensure  that  the  property  is  vacated  before  lunchtime  (including  everything  you  want  to  take  with  you),  and  let  the  estate  agent  have  the  keys;
  • Once we  have  received  the  buyer’s  money,  we  will  deal with the process of redeeming  any  existing  mortgage where there is one from the sale proceeds (assuming that there is sufficient proceeds to do so)  and  send  the  remaining sale  proceeds  directly  to  your

*Our fees assume that:

  1. this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction (being a contract, transfer and/or lease);
  2. this is a freehold transfer of whole or an assignment of whole of an existing lease and is not a new-build property or the grant of a new lease;
  3. the transaction is concluded in a timely manner and no unforeseen complications arise;
  4. all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation;
  5. no indemnity policies are required. Additional costs and disbursements may apply if indemnity policies are required;
  6. that the Property is being sold by up to two people and not a company in one transaction.

**Please note that our work does not include:

  1. Advice in respect of accounting treatment or any other Financial advice.
  2. Advice in respect of insurance matters
  3. Advice in respect of planning matters
  4. Tax advice or tax planning including, without limitation, advice on VAT, Capital Gains Tax, Corporation Tax or Income Tax
  5. Any licences to undertake works
  6. Dealing with any overage provisions
  7. Varying of any existing documents
  8. Inspection of the Property
  9. Any extension required to extend any lease