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Fees

We thought it would be beneficial to publish indicative fees for all the types of work carried out by our firm. These fees are noted below to allow you to make an objective assessment of the cost of our services. However every client has unique circumstances and we would prefer to give you an individual fee quote tailored to you for the work you wish us to undertake.

Please contact us on 0131 226 7464 or newenquiries@boydlegaluk.com and we can give you an accurate indication of the fees and outlays relevant to your circumstances.

Please see below guidance on our current fee for work undertaken in each department. We thought it would be beneficial to also include the necessary outlays payable by us on your behalf to third parties. For example, these outlays include the registration costs of registering deeds at the Registers of Scotland.  We handle the payment of the outlays on your behalf to ensure a smoother process.  The below is not a quote and is merely guidance only.  We will send to you a formal quote on receipt of your enquiry.


Estate Agency

Home Report

It is a legal requirement to have commissioned a home report before marketing can start. Boyd Property will organise this on your behalf, depending on the valuation of your home prices start from £340.00 including VAT.

Marketing & Property Photography

These costs vary depending on the size of your home & marketing package you choose. Prices start from £415.00 including VAT. 

A registration fee is payable to market your property on espc.com prices start from £299.00 including VAT,

Estate agent commission

Commission fees are only payable once we sell your property and contracts are signed. This is charged as a varied percentage of the sale price plus VAT depending on the value of your home. If you sell your home for £250,000.00, you could potentially pay £1,875.00 plus VAT.

Please contact our Estate Agency Department to discuss your property sale fees on 0131 202 5935 or email sales@boydlegaluk.com.

Sale of a Residential Property

Our fees for a standard conveyancing transaction would be based on who undertakes the work:

Paralegal - £750.00 plus VAT and outlays for values up to £500,000.00

Solicitor - fee from £875.00 to £1,500.00 plus VAT and outlays for values up to £1 million

Typical Outlays:

  • Property Search fees £192.00
  • Plans report (if required) £84.00
  • Registers of Scotland – fee for registering Discharge £80.00
  • Advance notice registration fee for Disposition £20.00
  • Electronic money transfer fee £21.00

 

Purchase of a Residential Property

Our fees for a standard conveyancing transaction would be based on who undertakes the work:

Paralegal - £750.00 plus VAT and outlays for values up to £500,000.00

Solicitor - fee from £875.00 to £1,500.00 plus VAT and outlays for values up to £1 million

Typical Outlays:

  • Registers of Scotland – fee for registering Disposition – depends on value of the property
  • Registers of Scotland – fee for registering Standard security £80.00
  • Disposition Advance notice registration fee for Standard Security £20.00
  • Money Laundering Management fee including VAT £120.00
  • LMS fee £24.00 including VAT (if mortgage being taken)

Additional fees and outlays may be incurred if there is additional work for example Help to Buy ISA bonus payments, shared equity schemes etc.

 

Transfer of Title of a Residential Property

Our fees for a standard conveyancing transaction would be as follows:-

  • Legal fee £500.00 plus VAT and outlays
  • VAT payable £100.00

Please note this fee does not include dealing with a remortgage.

Typical Outlays

  • Registers of Scotland – fee for registering Disposition – depends on value of the property
  • Registers of Scotland – fee for registering Standard security/ Deed of variation £80.00
  • Registers of Scotland – fee for registering Discharge if required £80.00
  • Advance notice registration fee for Standard Security £20.00 if required
  • Search £76.80
  • Money Laundering Management fee including VAT £120.00 if required
  • LMS fee £24.00 including VAT (if new mortgage being taken)

 

Remortgage of a Residential Property 

Our fees for a standard conveyancing transaction would be as follows:-

  • Legal fee from £450.00 plus VAT and outlays
  • VAT payable £90.00

Typical Outlays

  • Registers of Scotland – fee for registering Standard security £80.00
  • Registers of Scotland – fee for registering Discharge if required £80.00
  • Advance notice registration fee for Standard Security £20.00 if required
  • Search £76.80
  • LMS fee £24.00 including VAT (if new mortgage being taken)

 

Discharge of Standard Security

  • Legal fee £180.00 plus VAT and outlays
  • Vat payable £36.00
  • Quick Search £3.60
  • Registers of Scotland – fee for registering Discharge £80.00

Commercial

We will endeavour to agree a fixed fee, but it depends on the scope of work involved.  It is not always clear at the outset as to the extent of the job.

For a New Lease or Assignations of a Lease – our Basic Fee is £1,500.00 plus VAT = £1,800.00

Additional Standard Costs are generally £200.00 plus VAT for additional documents required.

 

For purchase and sale transactions the fee can be based on a percentage of an agreed price or it can be based on the hourly rate of the solicitor doing the work.

Please contact us to discuss this matter.

Private Client

Standard Fee for Wills

  1. £250.00 plus VAT (£50.00) for single "simple Will" - TOTAL £300.00
  1. £300.00 plus VAT (£60.00) for couples "simple mirror Wills" - TOTAL £360.00

Wills including more complex drafting (including trusts) and/or requiring tax advice will be more expensive.  Price to be confirmed on review of requirements.

Standard Fee for Powers of Attorney

  1. £300.00 plus VAT (£60.00) and outlays (£81.00) for a single POA - TOTAL £441.00
  1. £450.00 plus VAT (£90.00) and outlays (£162.00) for mirror POAs - TOTAL £702.00
  1. Additional £150.00 plus VAT (£30.00) (no outlay) for revocation of POA - TOTAL £180.00

The outlay relates to the cost of registering the Power of Attorney with the Office of the Public Guardian which costs £81.00 per Power of Attorney registered.

Standard Fee for Wills and Powers of Attorney being done simultaneously

  1. £525.00 plus VAT (£105.00) and outlays (£81.00) for a single "simple Will" and POA - TOTAL £711.00
  1. £700.00 plus VAT (£140.00) and outlays (£162.00) for couples "simple mirror Wills & POAs" - TOTAL £1,002.00

The outlay relates to the cost of registering the Power of Attorney with the Office of the Public Guardian which costs £81.00 per Power of Attorney registered.

Executry Work

Executry files are audited by a legal auditor but are subject to a minimum fee of £1,500.00 plus VAT (£1,800.00 including vat)

Equity Release

Standard Equity Release Fee and Outlays

  • £799.00 plus VAT and outlays
  • VAT payable £159.80
  • Quick Search £3.60
  • Advance Notice £20.00
  • Legal Report £76.80

Estimated Total - £1,059.20

If your property is in the old sasines register, we will need to deal with transferring the property to the new land register simultaneously with the equity release transaction. Please see below a note of the additional costs:

Sasines Titles (old Register cases) and Outlays

  • £799.00 plus VAT and outlays
  • VAT payable £159.80
  • Additional fee of £250.00 plus VAT and outlays
  • VAT payable £50.00
  • Quick Search £3.60
  • Advance Notice £20.00
  • Legal Report £76.80
  • Plans Report £84.00
  • Copy Deeds £25.20 (per deed if required)
  • Deed Plan £120.00 (if required)

Estimated Total - £1,588.40

If your property requires to the transferred into joint or single names, this can often be done simultaneously with the equity release transaction. Please see below a note of the additional costs:

Transfer of Title and Outlays

  • £799.00 plus VAT and outlays
  • VAT payable £159.80
  • Additional fee of £250.00 plus VAT and outlays
  • VAT payable £50.00
  • Quick Search £3.60
  • Advance Notices £40.00
  • Legal Report £76.80
  • Plans Report £84.00 (if required)
  • Copy Deeds £25.20 (per deed if required)
  • Deed Plan £120.00 (if required)
  • Registration dues for Disposition - dependent on the value of the property

Estimated Total - £1608.40

 

ADDITIONAL OUTLAYS WHICH COULD APPLY TO EQUITY RELEASE TRANSACTION

DISCHARGE OF OLD SECURITY - PER DISCHARGE

£80.00

EDISCHARGE OF OLD SECURITY - PER EDISCHARGE

£60.00

HOUSE VISIT CHARGE £120.00 plus VAT

£144.00

KIR REPORT

£78.00

COPY DEED FOR KIR REPORT

£42.00

Trusts

Formation of a Discretionary Trust

Fees:

Double Trust £3,950 including VAT

Single Trust £2,900 including VAT

Potential Outlays

  • Registration of Trust Deed £20.00 (per deed)
  • Registration of Disposition – dependent on the value of the property
  • Legal Report £76.80
  • Plans Report £84.00
  • Quick Search £3.60
  • Copy Deeds £25.20 (per deed if required)
  • Discharge of old security £80.00
  • Deed Plan £120.00 (if required)

An annual charge for Trust administration is made of £75.00 plus VAT.  VAT payable is £15.00.

Winding up a Trust

Transfer of Title to Beneficiary

  • £450.00 plus vat and outlays
  • VAT payable £90.00

Preparation of Trust Deed for winding up Trust

  • £250.00 plus vat and outlays
  • VAT payable £50.00

Preparation of Deed of Appointment

  • £250.00 plus vat and outlays
  • VAT payable £50.00

These fees are for the documentation required.  Any issues or disputed matters will be charged according to time.  These fees do not include any tax advice required by the Trustees.

Typical Outlays:

  • Registration of Trust Deed £20.00 (per deed)
  • Registration of Disposition – dependent on the value of the property
  • Legal Report £76.80

Online Enquiry

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